At the end of the second quarter of 2016, total assets in defined contribution plans hit $7 trillion, according to research from the Investment Company Institute and BrightScope.
That marked a new high for defined contribution plans, which are closing in on the assets held in IRAs, which was $7.5 trillion, the largest share of the $24.5 trillion total retirement market.
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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.
