Retiree behaviors in defined-contribution plans

• $4.1 trillion – Amount held in defined-contribution plans as of year-end 2009.
• $4.2 trillion – Amount held in IRAs as of year-end 2009.
• 70% – Percentage of retirees with multiple distribution options for a DC plan in 2007.
• 46% – Percentage of retirees who received advice from a partner or spouse; 42 percent turned to a financial advisor.
• 88% – Percentage of retirees who had a choice to receive a lump sum from their DC plan; 61 percent chose a full or partial distribution.
• 65% – Percentage of retirees who said an annuity was an option for their DC plan; 32 percent chose to annuitize their distributions.

Source: Investment Company Institute