Just how important is the small plan defined contribution market to the country’s overall retirement readiness prospects?
New data from Judy Diamond Associates, a business unit of ALM Media, the parent company of BenefitsPro, suggests the smallest plans may be the best functioning for sponsors and participants.
A provider of lead-generation and market intelligence tools for the financial services and insurance industries, JDA examined nearly 480,000 401(k) plans for plan year 2014, breaking performance down by plan size across 22 industries. The findings represent data from about 52 million participants with more than $4 trillion in DC assets.
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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.
