Anchored in ongoing research and driven by more than 30 years of defined contribution (DC) investment, public policy, and behavioral insights, State Street takes an integrated approach to addressing the challenges surrounding retirement readiness. We serve relationships that span the retirement industry, including leading defined contribution plan sponsors, consultants, advisors and recordkeepers.
Created for the individual, harnessing the expertise of many and informed by global insight, State Street’s retirement solutions are bringing new ideas to a new retirement era.
A Midwest union used a target date fund reenrollment campaign to boost age-appropriate investment allocations and battle a diversification deficit. Based on candid commentary, this case study offers a template for DC plan turnaround and showcases fiduciary courage and conviction in action.
Over the past 27 years, the Department of Labor (DOL) has released several guidance documents about ESG investing. While spectators have watched the ESG policy ping pong match play out since the Clinton administration, new DOL guidance – expected imminently – could put the ESG ball squarely in DC plan sponsors’ court.
This year, State Street surveyed 1,000 US DC plan participants to gauge communication preferences, plan engagement and investment knowledge. In response, participants called for digital content, decumulation strategies and the demystification of target date funds.
David R Ireland, CFA
Global Head, Defined Contribution
Brendan Curran, CFA
Head of U.S. Investment Strategy, DC
Melissa Kahn, Esq.
Retirement Public Policy Strategist
Denise R Sisk
Head of Independent Fiduciary Team
Head of DC Intermediary Strategy
Head of Marketing
Head of Participant Engagement
In addition to delivering plan design, investment management, participant education and policy advocacy, our team offers Independent Fiduciary Services for employee benefit plans, including services for employer stock funds in both DC and defined benefit plans and pension risk transfer transactions.
1Assets under management reported above are as of September 30, 2021, and are unaudited. Denominated in U.S. Dollars.
2Estimate based on State Street Global Advisors, Brightscope, and S&P Global Market Intelligence Money Market Directories (MMD) data as of December 31, 2020.
3State Street Global Advisors (SSGA), Fortune 500 Ranking, 2020.
4State Street Global Advisors, DC business established in 1981.