Assets in investment products, including mutual funds, commingled funds, institutional separate accounts, as well as annuity sub-accounts in defined contribution plans, are expected to exceed the $1 trillion level by 2010, according to new estimates by Financial Research Corp. of Boston. At year-end 2003, these assets, which FRC refers to as the "investment-only defined contribution market," totaled $400 billion.

And what will drive this 150% increase in assets will be non-proprietary investment products, which, by the end of the decade, will surpass the assets held within the proprietary mutual funds typically offered by some DC plan recordkeepers, according to FRC.

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