From the Field
Mixed Benefits: Identifying a single glide path for all
Closed and frozen defined benefit plans shape glide path design
2024-05-03 15:33
Kathryn Farrell, CFA, Portfolio Specialist
Justin Harvey, ASA, CFA, Head of Analysis, Multi‑Asset Solutions
Adam Langer, CFA, Senior Quantitative Investment Analyst
Key Insights
  • Plan sponsors increasingly maintain mixed benefit structures because of changing defined benefit (DB) plan offerings and merger and acquisition activity.
  • Differences in DB plan coverage should be considered when selecting a glide path for all participants in a defined contribution plan’s target date offering.
  • We believe it is possible to identify a glide path appropriate for all participants by closely considering those without DB plan access within the workforce.

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