Americans held $4.5 trillion in all employer-based DC retirement plans on Dec. 31, 2011, of which $3.1 trillion was held in 401(k) plans, according to data from the Investment Company Institute. Those figures are up from $4.3 trillion and $2.9 trillion, respectively, as of Sept. 30, 2011.
Mutual funds managed $2.5 trillion of the assets held in 401(k), 403(b), and other defined contribution plans at the end of December, up from $2.3 trillion at the end of September. Mutual funds managed 55% of DC plan assets at the end of the fourth quarter.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access