After the investment lineup enhancement, participants transferred only 0.06% of assets into the lineup’s fixed income category. This was proof participants were calm and resilient despite significant economic disruption due to the COVID-19 pandemic. The impact on the Plans resulted in plan growth by more than 12% (most Plans grew by less than 10%) that ended the year at $1.379 billion in total assets which is a gain of $172 million. Overall, the DCC’s strategic enhancements and communications benefitted participants greatly from the strong equity markets in the latter part of the year. The County DCC is very pleased by the results of the 2020 investment lineup enhancement. The positive impact on participant behaviors through the April 2020 investment transition against a backdrop of unprecedented market volatility demonstrates how the County’s Plans continue to achieve better retirement outcomes for employees.
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- July 28, 2021 Create Date
- August 31, 2023 Last Updated
