Assets in 403(b) plans, the tax-deferred defined-contribution option for non-profit and educational institutions, are fast approaching the $1 trillion mark, new data from the Investment Company Institute shows.
That’s compared to the $4.7 trillion held in 401(k) plans.
While the ICI’s new data on the non-profit workplace savings option shows 403(b) plan design is benefiting from greater diversification and cost benefits, one attribute jumps off the page.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
