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July 14, 2010 at 08:00 PM
Money managers still have room to increase their share of the U.S. private defined contribution retirement plan “investment only” market, a research firm says.
The total amount of assets in 401(k) plans, money purchase plans, profit-sharing plans and individual 401(k) plans could increase to $4.3 trillion in 2014, from $3.3 trillion this year, according to Cerulli Associates, Boston.
Despite the effects of the financial crisis, defined contribution plan assets have increased from $2.6 trillion in 2008, and the investment only (IO) asset total has increased to about $2 trillion, from $1.5 trillion, the firm says.
IO assets will account for 60% of plan assets by the end of the year, up from 42% in 2003, the firm predicts.
