4-5 years later, here is the issue I ran into… I was put in a position to take a managerial role, because I was performing a lot of those duties in an unofficial capacity already. Projects needed to be organized, decisions on what work was worth doing needed to be made, roadmaps defined, resources allocated, metrics collected and reviewed, team members needed evaluations, etc. When I moved back to be an IC I stopped doing these things, thinking the people whose job it was to do these things now would do them. They didn’t. I feel like I need to step up and do this stuff again, because the last several years have gone so poorly, but then I’m stepping back on the ladder I actively stepped off of. I know where it leads, so I kick the can down the road and hope for someone to start actually managing the team. I meantime our whole team starts looking worse and worse.
Maybe OP works are a place with more competent management, but if they are rising up and taking on these tasks because no one else is able or willing to do the work, going back to being an IC will leave a vacuum that may not get filled.