Insurance companies still dominate the 403(b) tax-sheltered annuity plan market, and that market should grow about as fast as the corporate defined contribution plan market.
Analysts at Cerulli Associates, Boston, have made that prediction in a review of the 403(b) and 457 retirement plan markets.
The plans are used by schools, charities, government agencies and other nonprofit employers.
Insurers manage only 33% of 457 plan assets but 87% of 403(b) plan assets, the Cerulli analysts estimate.