Friday, July 9, 2010

Defined-Contribution Plan Stats - Retirement by the Numbers

$4.1 trillion – Amount held in defined-contribution plans as of year-end 2009.

$4.2 trillion - Amount held in IRAs as of year-end 2009.

70% - Percentage of retirees with multiple distribution options for a defined-contribution plan in 2007.

46%
- Percentage of retirees who received advice from a partner or spouse; 42% turned to a financial advisor.


88%
- Percentage of retirees who had a choice to receive a lump sum from their defined-contribution plan; 61% chose a full or partial distribution.


65%
- Percentage of retirees who said an annuity was an option for their defined-contribution plan; 32% chose to annuitize their distributions.



Source: Investment Company Institute

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