It was recently announced that the top 1 percent of plans hold more than 71 percent of all 401(k) assets nationwide. That’s according to Judy Diamond Associates, the 401(k) plan intelligence provider of financial advisors, brokers and fund companies.
JDA found that, in the fourth quarter of 2013, there were approximately 500,000 active 401(k) plans with a collective $3.5 trillion in total assets. Further, nearly 75 percent, or $2.54 trillion, was controlled by the top 1 percent (5,000 companies). The other 99 percent (495,000 companies) of all 401(k) plans nationwide control only 29 percent of the total assets.