Public and private defined contribution plan assets will reach $7.3 trillion by 2017, according to a new report.
Cerulli Associates, Boston, published this finding in a new study, “U.S. Retirement Markets 2012: Market Sizing, Projections and Segmentation of Public and Private DB and DC.” The 10th annual report explores retirement market opportunities in public and private defined benefit (DB), defined contribution (DC), and IRA plans.
The report reveals that private and public defined contribution plan assets in 2011 totaled $3.71 trillion and $1.25 trillion, respectively. Public defined benefit plan assets totaled $4.05 trillion in 2011, just behind the largest retirement segment by assets: IRAs, which were valued at $4.87 trillion in 2011.