The latest PRRL State of Public-Sector DC Plans report, featuring year-end 2023 data, is now available. The study provides an aggregated view of more than 2.7 million public-sector defined contribution participants and highlights key trends in balances, contributions, loans, and investment behavior across career stages. These insights help plan sponsors better understand participant needs and identify opportunities to strengthen retirement readiness.
Key findings include:
- Contribution rates rise with age but remain modest for many — even mid-career participants often contribute below levels needed for long-term adequacy.
- Mid-career loan usage continues to peak — a meaningful portion of participants in their 40s and 50s carry outstanding loans, reducing long-term accumulation.
- Asset allocation shifts significantly with age — younger workers rely heavily on target-date funds, while stable-value allocations increase steadily among older participants.
We encourage you to review the full findings and share them with your team.