Annual Defined Contribution Consultant Study highlights viewpoints on key retirement trends and investment themes from 35 of the nation's leading consultant and advisory firms

BALTIMORE, Sept. 17, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today released findings from its 2024 Defined Contribution Consultant Study. The findings capture the latest perspectives from defined contribution (DC) consultants and advisors on target date solutions, retirement income, investment trends, and financial wellness programs. Additionally, this year's study explores respondents' thoughts on managed accounts, alternative investments, and the value of active versus passive management. 

Commemorating 50 years of the Employee Retirement Income Security Act and its impact on retirement savings in America

BALTIMORE, Sept. 12, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today published a new white paper to mark the 50th anniversary of the Employee Retirement Income Security Act of 1974 (ERISA). The paper explores how defined contribution (DC) plans have improved the retirement savings landscape in America in the ERISA era and ways that DC plans can continue to support the evolving and diverse needs of retirement savers.

BALTIMORE, Sept. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of August 31, 2024. Preliminary net outflows for August 2024 were $5.3 billion.

The below table shows the firm's assets under management as of August 31, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.

As of

Preliminary(a)

(in billions)

8/31/2024

7/31/2024

6/30/2024

12/31/2023

 Equity

$            825

$            814

$            810

$            744

 Fixed income, including money market

183

182

180

170

 Multi-asset

553

541

529

483

 Alternatives

51

50

50

48

Total assets under management

$         1,612

$         1,587

$         1,569

$         1,445

Target date retirement portfolios

$            474

$            464

$            453

$            408

(a) Preliminary - subject to adjustment

BALTIMORE, Sept. 11, 2024 /PRNewswire/ -- T. Rowe Price, a Baltimore, Maryland, based global investment management firm and a leader in retirement services, today announced it has been named to the Forbes list of America's Best-In-State Employers 2024. This prestigious award is presented by Forbes and Statista Inc.

America's Best-In-State Employers 2024 have been identified in an independent survey from a vast sample of over 160,000 employees working for companies employing at least 500 people within the U.S. The ranking is open to companies from all industry sectors. The consideration of data from three years allowed for a robust differentiation between organizations that consistently perform well from those that may only have had a single good year. In total, around 4.4 million employer evaluations were considered.

Firm combines its identical, underlying target date asset allocation methodology with full personalization to help drive better retirement outcomes

BALTIMORE, Sept. 10, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, continues the evolution of its target date offering with the launch of Personalized Retirement Manager (PRM), a service that uses personal data to create a unique asset allocation tailored to an individual's specific savings goals, preferences, and financial situation to help drive better retirement outcomes. The fully personalized glide path continues to adjust throughout a participant's retirement savings journey.

Pidgeon to serve as Vice President, Defined Contribution, focused on sales, client service, and consultant relations

BALTIMORE, Aug. 21, 2024 /CNW/ -- T. Rowe Price (Canada), Inc., announced that it has hired Taylor Pidgeon, CFA, as vice president for Defined Contribution in Canada. In this new role, he is responsible for growing and supporting the firm's retirement savings clients, including consulting firms, field consultants, advisors, and plan sponsors. Pidgeon is based in Toronto and reports to Lauren Bloom, T. Rowe Price's head of Canada.

Pidgeon to serve as Vice President, Defined Contribution, focused on sales, client service, and consultant relations

BALTIMORE, Aug. 21, 2024 /PRNewswire/ -- T. Rowe Price (Canada), Inc., announced that it has hired Taylor Pidgeon, CFA, as vice president for Defined Contribution in Canada. In this new role, he is responsible for growing and supporting the firm's retirement savings clients, including consulting firms, field consultants, advisors, and plan sponsors. Pidgeon is based in Toronto and reports to Lauren Bloom, T. Rowe Price's head of Canada.

BALTIMORE, Aug. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.59 trillion as of July 31, 2024. Preliminary net outflows for July 2024 were $2.0 billion.

The below table shows the firm's assets under management as of July 31, 2024, and for the prior quarter- and year-end by asset class and in the firm's target date retirement portfolios.

As of

Preliminary(a)

(in billions)

7/31/2024

6/30/2024

12/31/2023

 Equity

$            814

$            810

$            744

 Fixed income, including money market

182

180

170

 Multi-asset

541

529

483

 Alternatives

50

50

48

Total assets under management

$         1,587

$         1,569

$         1,445

Target date retirement products

$            464

$            453

$            408

(a) Preliminary - subject to adjustment