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Pensions & Investments: How the Presidential Election Could Impact Renewable Energy Investing

NEPC’s Larissa Davy and Matthew Ritter were quoted in a recent Pensions & Investments article to discuss how NEPC is thinking about the broader implications of the election on portfolio construction. View the article on Pensions & Investments’ site here.

 


NEPC's Sarah Samuels on Boston 25 News speaking about her childrens book, Braving Our Savings.

Boston 25 News: NEPC's Sarah Samuels Discusses Her Children's Book 'Braving Our Savings'

NEPC’s Sarah Samuels spoke with Boston 25 News Anchor Vanessa Welch about her new children’s book, “Braving Our Savings”. Watch the segment below:

 


graphic with headshot of Mikaylee O'Connor

NEPC Hires Former PGIM Principal To Lead DC Solutions

BOSTON– April 1, 2024–(BUSINESS WIRE)– NEPC, LLC, one of the industry’s largest independent investment consulting firms, overseeing $1.6 trillion in assets under management and advisement, announced that Mikaylee O’Connor will join the firm as Principal, Head of Defined Contribution (DC) Solutions, effective April 1st, 2024. O’Connor will be responsible for leading the way NEPC’s DC practice delivers innovative and creative solutions to clients. As the retirement space continues to evolve, O’Connor, in addition to serving clients, will oversee NEPC’s DC plan trends research and data analytics, guiding strategic initiatives related to target date funds, managed accounts, retirement income solutions, and other investments that are vital to the retirement outcomes of participants. She will report directly to Bill Ryan, Partner, Defined Contribution Team Leader.

“As a team, we are focused on helping our clients navigate and leading the discussion around issues relating to retirement income,” said Bill Ryan, NEPC’s Partner, Defined Contribution Team Leader. “Mikaylee’s extensive experience and deep expertise working with a diverse client set will position NEPC to continue identifying innovative solutions that help alleviate those concerns.”

Before joining NEPC, O’Connor was a Principal, Senior Defined Contribution Strategist within PGIM DC Solutions. She provided thought leadership to clients and supported the development of forward-thinking solutions designed to improve participant outcomes. Prior to that, O’Connor spearheaded RVK’s DC practice as their Head of DC Solutions overseeing strategic direction and growth of the practice. Her unique perspective will continue elevating NEPC’s DC Solutions platform as an industry-leading consultant and trusted partner.

As a thought leader in the DC space, Mikaylee sits on the DCIIA Operating and Executive Committees and has been influential across many other industry groups, such as NAGDCA, where she is on their Legislative Committee.

“Joining NEPC’s esteemed and innovative team marks an exciting phase in my career,” said O’Connor. “We are currently undergoing a unique transition in the retirement space. I am eager to contribute to the firm’s trajectory and partner with our DC team and clients to lead the creation and delivery of world-class DC solutions.”

 

About NEPC, LLC

NEPC is an independent investment consultant, private wealth advisor, and OCIO provider serving over 400 retainer clients and $1.6 trillion in total assets. Combining a proprietary investment team dedicated to the long-term challenges facing investors with our unique client-centric model, NEPC builds forward-looking investment portfolios for institutional investors and ultra-high-net-worth families. To learn more about NEPC, visit nepc.com.

 


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Pensions & Investments: Mikaylee O'Connor Joins NEPC as Head of Defined Contribution Solutions

NEPC was featured in a recent Pensions & Investments article to highlight our latest Principal hire, Mikaylee O’Connor. View the article on Pensions & Investments’ site here.

 


Headshot of NEPC Principal, Mikaylee O'Connor

FIN News: NEPC Hires DC Solutions Head

NEPC’s Mikaylee O’Connor was featured in a recent FIN News article highlighting her new role as Head of Defined Contribution Solutions. View the article on FIN News’ site here.

 


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PlanSponsor: Gen Z Employees Show Affinity for Increased Personalization in TDFs

NEPC’s 2023 DC Plan Trends & Fee survey results were quoted in a recent PlanSponsor article which discusses how Gen Z employees exhibit a preference for heightened personalization in Target Date Funds (TDFs), emphasizing the importance of tailored investment options for this demographic. View the article on PlanSponsor’s site here.

 


image of three people looking at clipboards of financial retirement documents

Pensions & Investments: DC Plans Wrestle with Cost, Complexity and Other Concerns when Considering In-Plan Retirement Income Solutions

NEPC’s Bill Ryan was quoted in a recent Pensions & Investments article to discuss in-plan retirement solutions and how the data from our 2023 DC Plan Trends & Fee survey supports his solution. Excerpts from the article are shown below. View the article on Pensions & Investments’ site here.

 


Picture of NEPC's Bill Ryan being congratulated for his appointment to the ERISA Advisory Council

Pensions & Investments: DOL Names New ERISA Advisory Council Members, Chair

NEPC’s Bill Ryan was mentioned by Pensions & Investments for his appointment by the Department of Labor to the ERISA Advisory Council. Excerpts from the article are shown below. View the article on Pensions & Investments’ site here.

 


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PlanSponsor: Rise in TDF Popularity Causes Core Menus to Shrink

NEPC’s 2023 DC Plan Trends & Fee survey results were featured in a recent PlanSponsor article which discusses how because targetdate funds represent a large and growing share of plan assets, plan sponsors are narrowing their core investment menus. View the article on PlanSponsor’s site here.

 


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NEPC Survey Shows “Retirement Crisis” Is Real, But Resolvable

BOSTON–MARCH 5, 2024–(BUSINESS WIRE)NEPC, LLC, one of the country’s largest research-driven investment consultants and OCIO providers, today published the 18th annual edition of its Defined Contribution (DC) Plan Trends and Fee Survey, which examines current plan investment trends, features, and innovations across major sectors, and how these plans have evolved over the years. Respondents to the 2023 survey include 128 clients representing $259 billion in aggregate assets and 2.6 million plan participants.

This year’s data shows that the tools needed to solve the “retirement crisis” already exist, with 86% of respondents currently offering their participants a retirement income solution — most often in the form of a Target Date Fund (TDF) paired with systematic distribution. The survey also highlights:

  • An older contingency of plan participants than previously imagined, with 53% of participants over the age of 65 contributing to a TDF.
  • Close to 30% of plans have less than 10 core options, and that group is growing since TDFs represent 47% of plan assets.

“Our job as retirement consultants is to maximize the solutions that work for the most people and operate around the margins,” says Emma O’Brien, a principal on NEPC’s DC team. “The data shows that, contrary to the media’s perception, we don’t need to reinvent the wheel because Target Date Funds work.”

The high demand for TDFs pushes plan sponsors to be purposeful with their offerings, leading to a decline in core options. The survey suggests that clients want to unshackle themselves from having 15-20 options as the role of a core lineup is becoming less important, freeing up the opportunity to lower fees.

“TDFs are built to support retirement income drawdown,” O’Brien says. “We’re making progress instead of adding to the noise.”

This year’s survey also revealed that fees for managed accounts have dropped more than 10% over the past year, due to an increase in lower cost providers, who are challenging established managed account providers on fees. Managed Accounts can add value for participants and aid in solving the retirement crisis when handled correctly.

“Fees have come down because we are actively pushing for lower costs,” says Bill Ryan, partner and head of NEPC’s DC team. “As a team, we have spent a lot of time educating clients on the role of managed accounts, what personalization means, and what level of personalization is right for them. All of those discussions have pointed to fees, negotiated or not, being too high.”

NEPC’s Defined Contribution (DC) Practice team will discuss the survey’s findings during a webinar on March 5, 2024. Those interested in hearing how DC consultants are advising plans to address emerging opportunities can register for the webinar here.

The 18th Annual Defined Contribution (DC) Plan Trends and Fee Survey results can be downloaded here.

About NEPC, LLC

NEPC is an independent investment consultant, private wealth advisor, and OCIO provider serving over 400 retainer clients and $1.6 trillion in total assets. Combining a proprietary research team dedicated to the long-term challenges facing investors with our unique client-centric model, NEPC builds forward-looking investment portfolios for institutional investors and ultra-high-net-worth families. To learn more about NEPC, visit nepc.com.

 

Media Contact:
Emma Rayder
[email protected]