A PGIM manager makes the industry case that private credit's long-term structure aligns with retirement investors' horizons, the latest in the push to move private assets into defined contribution menus.
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Private Markets in DC Plans
A PGIM manager makes the industry case that private credit's long-term structure aligns with retirement investors' horizons, the latest in the push to move private assets into defined contribution menus.
The Insured Retirement Institute urged the Senate to take up the Retirement Fairness for Charities and Educational Institutions Act, which would give 403(b) plan participants access to collective investment trusts, an option long available to 401(k) plans at lower cost than comparable mutual funds.
The DOL's proposed regulation on selecting investments, including alternative assets, identifies six factors relevant to selecting investments for participant-directed plans such as 401(k)s; this post is the second in a series examining those factors, focusing on performance benchmarking.
Mayer Brown makes the affirmative case for collective investment trusts in defined contribution plans: how CITs are regulated, why their costs run lower than comparable mutual funds, and what fiduciaries should document when adopting them.
Twenty years after the Pension Protection Act made target-date funds the default, Sway Research maps a $5.3 trillion TDF market shifting toward collective investment trusts and retirement-income features.
Fred Reish's series on the DOL's alternative-assets proposal reaches the performance-benchmark factor: what the proposed regulation would require fiduciaries to consider when benchmarking alternatives inside participant-directed plans.
Transactions involving an ESOP shareholder, and an ESOP trustee serving as fiduciary for participants, create complexity a private equity buyer will not find in non-ESOP deals. Foley maps the terms and issues unique to these acquisitions.
Continuing his close read of the DOL's proposed regulation on selecting investments for participant-directed plans, Reish examines the complexity factor among the six the proposal defines for evaluating any investment, alternative assets included, in 401(k) and private-sector 403(b) lineups.
Witnesses testifying before a Senate panel urged lawmakers to pass legislation allowing 403(b) plans to invest in CITs. They also expressed support (and caution) for the DOL's Investment Selection Rule.
Today, plan sponsors face a changing environment, where industry consolidation, private equity ownership, proprietary product development, and participant monetization strategies are creating new fiduciary challenges.
Lawmakers found bipartisan ground on retirement-plan and small-business financing reform, but split sharply over private markets, crypto oversight and risks facing ordinary investors.
The DOL’s proposed prudence safe harbor regulations have pretty much made it “table stakes” for some responsible person somewhere to read and understand any annuity contracts on behalf of the plan which are provided as part of any DC lifetime income program.
The DOL’s proposed regulation on selecting investments, including alternative assets, 2026-06178.pdf, identifies six factors that should be considered in the process of selecting any investments for participant-directed plans, such as 401(k) plans and private sector 403(b) plans.
Operational bottlenecks are drawing renewed scrutiny as Congress considers opening the $1 trillion 403(b) market to collective investment trusts.
Changes in plan design, coupled with regulatory improvements and market evolution, mean concerns about collective investment trusts should no longer keep them from 403(b) plans.
The spinoff firm will focus on retirement, insurance and payroll services, with backing from private equity firm New Mountain Capital.
The DOL’s proposed regulation on selecting investments, including alternative assets, 2026-06178.pdf, identifies six factors that should be considered in the process of selecting any investments for participant-directed plans, such as 401(k) plans and private sector 403(b) plans.
Defense and aerospace company ATI won dismissal of a proposed class action alleging it put retirees' benefits at risk by transferring approximately $1.5 billion of pension obligations to a private equity-backed insurance company, with a Pennsylvania federal court ruling Monday that the ex-workers hadn't sufficiently pleaded their claims.
Recent analysis projects private capital could make up 6% of assets in defined contribution plans by the end of the decade, driven by gradual adoption through target-date funds, collective investment trusts and the DOL’s proposed safe harbor for fiduciaries.
While the firms' first jointly developed investment solutions target wealthy investors, an under-the-radar detail in Wednesday's announcement signals plans to expand the strategic alliance into retirement-focused products—potentially bringing more private market solutions to workplace retirement plans.
Congress is once again considering legislation that would allow 403(b) retirement plans to invest in Collective Investment Trusts (CITs).
If you are considering selling your business, you may often believe that the only available option is selling to an unrelated third-party buyer, such as a competitor or a private equity fund.
Registered investment advisers have gained access to ne w investments such as Voya’s V-ALT collective investment trusts.
The firm says offering the investments will help participants diversify their portfolios as many near retirement
As we previously reported, following an executive order issued by the Trump Administration last year, there has been a recent trend encouraging access to alternative assets through retirement
Analysis of nearly 58,000 retirement plans over 16 years concludes that defined contribution plans without alternative investments delivered higher returns than defined benefit plans with significant