It should be no surprise that the largest defined contribution plans are sponsored by companies that have been well-recognized brands for decades. They're big in part because their participants have been feeding dollars into the plan for so long.
"The amount of time a plan has been around has a direct relationship with how much money is in it," said Eric Ryles, managing director of Judy Diamond Associates, a provider of data and analytics tools for retirement advisors and plan sponsors.
A recently reported analysis by Judy Diamond, which is owned by the same parent company as BenefitsPro, showed that the top 1 percent of 401(k) plans, or top 5,400 plans, hold $3.06 trillion, or 71 percent, of all plan assets in the country.
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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.
