While the U.S. Census Bureau announced Monday that state-administered pension plans improved over 10% in 2010, Cerulli Associates also announced that total assets in the U.S. retirement market, including public and private defined-contribution, defined-benefit and individual retirement account markets, increased 9.6% in 2010 to $15.8 trillion.
Cerulli predicts the market will grow by about 1% in 2011, ultimately reaching about $22 trillion in 2016.
IRA assets account for nearly 30% of total market assets. Cerulli predicts that due to large DC plan rollovers fueling asset levels, IRA assets should represent 33% of the total market in 2016.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
