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By PAMELA YIP
Staff Writer pyip@dallasnews.com
KYLE ALCOTT
Staff Artist kalcott@dallasnews.com
Workers saving for retirement brought total retirement assets up 4.9 percent in the fourth quarter of 2011, but they were unchanged for the year, according to the Investment Company Institute. Retirement savings accounted for 36 percent of all household financial assets in the U.S. in 2011, compared with 13 percent in 1975.
PRIVATE PENSIONS
(defined benefit plans) 5 4 3 2 1 0 05 06 07 08 09 2.6 2.3 2.5 2.2
ANNUITIES
5 4 3 2 1 0
IRAs
4.7 4.2 3.4 3.7 4.4*
2 1 0
PRIVATE PENSIONS
5 4 3 2 1 0 Q4 Q1 Q2 Q3 Q4 2010 2011 2.4 2.5 2.5 2.3 2.4
IRAs
5.1* 4.9* 4.8* 5* 4.7*
SOURCES: Investment Company Institute; Federal Reserve Board; National Association of Government Defined Contribution Administrators; American Council of Life Insurers; Internal Revenue Service
Asset control
Mutual funds manage most of the assets in defined contribution plans. Other investments consisted of company stock and guaranteed investment contracts sold by insurance companies.
(In trillions)
MUTUAL FUNDS
3 2 1 0 Q1 Q2 Q3 2011 Q4 1.9 2 1.7 1.8
OTHER INVESTMENTS
3 2 1 0 1.2 1.2 1.2 1.2
Q1
Q2 Q3 2011
Q4
SOURCES: Investment Company Institute; Federal Reserve Board; U.S. Department of Labor
Sarah Holden, senior director of retirement and investor research, Investment Company Institute