The percentage of employer-sponsored defined contribution plan assets stood at 66 percent in 2012, a level on par with the rates recorded in recent years, according to a new report.
The Vanguard Group discloses this finding in “How America saves 2013: A report on Vanguard 2012 defined contribution plan data.” The report is based on 2012 Vanguard recordkeeping data of more than 1,600 plan sponsors and 3 million plan participants served by the company.
The report shows that plan participants invested the largest percentage of their assets in diversified equity funds in 2012. This is level with that of 2011, but down slightly from the percentages recorded in 2010 and 2009 (43 percent for both years).
Last year, employees also allocated plan assets to the following categories:
Target date funds (17 percent)
Cash (15 percent)
Bond funds (10 percent)