Investment Company Institute: Total US Retirement Assets Rose 5.2% in 4Q:2010
May 06, 2011
According to the Investment Company Institute (ICI), US retirement assets totaled $17.5 trillion as of December 31, 2010, having risen by 5.2% during the fourth quarter. ICI’s analysis encompasses private-sector defined benefit (DB) plans, government pension plans, defined contribution (DC) plans, annuities and individual retirement accounts (IRAs). The ICI estimates that private-sector DB plan assets were steady at $2.2 trillion at the end of the fourth quarter; for DC plans, assets increased from $4.3 trillion to $4.5 trillion. Retirement savings accounted for 37% of all household financial assets in the United States.
via Investment Company Institute: Total US Retirement Assets Rose 5.2% in 4Q:2010 –.
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