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.