Defined Contribution Plan Participants’ Activities, First Quarter 2020

May 19, 2020Institutional Investment ConsultingRetirement Plans

Key Takeaways

A preliminary estimate indicates that only 1.4% of DC plan participants stopped contributing in Q1 2020, compared with 0.9% in Q1 2019 and 2.7% percent in Q1 2009.
In Q1 2020, 6.2% of DC plan participants changed the asset allocation of their account balances, slightly higher than 4.2% in Q1 2019 and 5.5% in Q1 2009.
In Q1 2020, 4.1% changed the asset allocation of their contributions, slightly higher than 2.9% in Q1 2019 but lower than 7.3% in Q1 2009.

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May 19, 2020Institutional Investment ConsultingRetirement Plans

For more details and information about these, and more, 1st quarter 2020 Defined Contribution Plan findings, please click here to see the May 2020 Investment Company Institute Research Report prepared by Sarah Holden, ICI senior director of retirement and investor research, Daniel Schrass, ICI economist, and Elena Barone Chism, ICI associate general counsel for retirement policy.

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