Q4 2024 Plan Universe Allocation and Return Analysis

This report presents the Q4 2024 Confluence Plan Universe Allocation and Return Analysis, focusing on the performance of defined benefit plans. The report indicates that while U.S. Large-cap growth equity performed positively, non-U.S. equities faced a downturn due to a strengthening dollar, with significant declines in the MSCI EAFE and MSCI Emerging Markets indices. The report documents that defined benefit plans experienced their first negative quarter in over a year, with a median return of -1.27%. However, for the year, these plans reported a median return of 9%, continuing a trend of positive returns in four of the last five years. The analysis also highlights the performance of various plan types, noting that corporate defined benefit plans were the worst performers during the quarter, while high-net-worth plans led with a median return of 11.32%. The report further details asset allocation trends and performance metrics across different plan types, emphasizing the impact of market conditions on returns.