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Northern Trust Reports Mostly Gains for US Institutional Plan Sponsors in Q1
U.S. institutional plans had strong performance in the
first quarter, in line with the gains made by all broad
market equity indexes,” said Joe Nardulli, Product
Manager, Northern Trust Investment Risk & Analytical,
in a press release.
Corporate ERISA and Public Fund plans gained 4.7% and 4.5%,
respectively, at the median, and Foundation and Endowment
plans returned 4.8% at the median. Nardulli said that the
exposure to small-cap and international stocks pushed
performance, with those asset classes gaining about 13% and
9%, respectively, at the median, compared to 4.2% return
for the S&P index.
Over longer time periods, all plan types in the Northern
Trust Universe showed steady positive growth in three- and
five-year performance numbers for the first quarter of
2006. ERISA plans gained 17% at the median over three years
and 7.6% over five years. Public Fund plans returned 17.1%
and 8% at the median over the three- and five-year
periods.
Foundations and endowments returned 17.3% at the median over three years and 7.9% over five years. In the fourth quarter of 2005, most plan returns were approximately14.5% over three years and 5.5% over five years at the median.
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