Defined contribution investment only firms will fare well in keeping fee compression, customized target-date funds and specialized advisory relationships on top of their to-do list in 2013.

According to figures from the Investment Company Institute, Americans held $5.1 trillion in all employer-based defined contribution retirement plans on December 31, with $3.6 trillion held in 401(k) plans. Mutual funds managed $2.9 trillion of assets held in 401(k), 403(b), and other DC plans at the end of December, up from $2.8 trillion at the end of September. Mutual funds managed 57% of DC plan assets at the end of the fourth quarter.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.