About 67 percent of 401(k) plans included proprietarymutual funds in 2013, accounting for almost 28 percent of all planassets, according to the Investment Company Institute andBrightScope’s most recent research on the definedcontribution industry.
The percentage of the smallest plans that offer proprietaryfunds is virtually the same as with the biggest plans—61.3 percentof plans with $1 million to $10 million in assets offer proprietaryfunds, compared to 63.1 percent of plans with more than $1 billionin assets.
Proprietary funds’ largest footprint is in plans with $250million to $500 million, which have the highest percentage: 79percent of those plans offer proprietary funds, accounting for 38.6percent of plan assets.
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