Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Master Trusts Post Double-Digit Returns for 12-Month Period
According to a Wilshire press release, the return posted for large master trusts (more than $1 billion in assets) was greater (17.68%) than for master trusts as a whole and the same was true within each plan type.
Large non-profit funds led with a 20.05% return, while the return for all non-profits was 17.1%. Likewise, the return for large public plans was 17.69% versus 16.08% for all public plans and for large corporate plans it was 17.49% compared to 16.86% for all corporate plans.
Endowments and foundations followed the trend with large plans posting an 18.08% return for the year, while the broader endowment and foundation universe median was 17.52%, the press release said.
For the second quarter 2007, the median return for all master trusts was 4.21%. The median performance of corporate pension plans was 4.16% for the quarter, while public pension funds’ median performance was 4.23%.
The second quarter performance for foundations and endowments was 4.73%. Taft Hartley funds had a median return of 3.79% in second quarter 2007. Non-profits saw a median performance of 4.64%.
TUCS includes more than 1,470 plans representing approximately $3.2 trillion in assets.
You Might Also Like:
DOL Prevails in Court Orders, Removing TPA From Acting as Fiduciary for Sponsors
Newport Group to Acquire Part of Evercore's Trust Business
The institutional trust and fiduciary business of Evercore's subsidiary Evercore Trust Company will become part of Newport Group.