Table of Contents
- Scope and Themes
- What you need to know
- Data sources
- Consumer survey data
- Abbreviations and terms
- Abbreviations
- Terms
- Executive Summary
- Industry highlights
- Investor confidence
- The regulatory environment
- Advertising and promotion
- Innovations
- The retirement investor
- The gender gap
- Market Size and Forecast
- Key points
- How popular are retirement plans?
- Figure 2: Retirement plan assets, year-end 2000-07
- Government employees
- 401(k)s are the most popular
- The message about retirement savings has been heard
- Demographics support continued strength
- Figure 3: Population of each age group, 2007 and 2040
- Figure 4: Percentage of workers aged 65-69, 1987-2005
- Competitive Context
- Key points
- Consolidation
- More participants may be up for grabs
- Segment Performance
- Key points
- Figure 5: Retirement plan assets (in trillions), by plan segment
(year-end, 2007)
- 401(k) plans
- Figure 6: Characteristics of 401(k) plans, 2007
- Size of 401(k) accounts
- Figure 7: Distribution of 401(k) account balances, 2007
- Figure 8: Year-end average account balances, 2000-07
- Age distribution of 401(k) holders
- Figure 9: How 401(k) accounts are distributed, by age, 2007
- How 401(k)s are invested
- IRAs
- Figure 10: Number and share of U.S. households owning IRAs, 2000-08
- Figure 11: Growth of IRA assets, 2000-07
- Age distribution of IRA owners
- Figure 12: Age distribution of IRA owners, 2008
- Figure 13: Where IRA assets are held, 1981 and 2007
- Figure 14: Multiple ownership of IRAs, March 2008
- Market Drivers
- Key points
- Boomers are feeling the worst
- Figure 15: Confidence in ability to retire comfortably, change in the
past 12 months, by generation, 2008
- People are spending more time planning
- Figure 16: Amount of savings workers estimate they will need for
retirement, 2008
- Impact of auto-enrollment and auto-escalation
- Demise of the company match
- Legislative developments
- 401(k)s and the democrats
- Leading Companies
- Key points
- Who are the leaders?
- Figure 17: Largest DC managers, ranked by total DC assets in millions,
as of 12/31/07
- Innovations and Innovators
- Key points
- Credit cards to the rescue
- Debit cards offer 401(k) loans
- Easy access to retirement advice
- Free retirement consultations
- Innovations in retirement distribution
- Advertising and Promotion
- Key points
- Overview
- Notable print advertising
- Figure 18: Charles Schwab' s ad for real life retirement services,
Jan.-Feb. 2009
- Figure 19: Ad for retirement seminar, New York Life, December 2008
- Figure 20: Ad for a no-annual fee IRA from Wells Fargo, promoting
commission-free online trading, December 2008
- Figure 21: Ad from Ameritrade offering WealthRuler, September
2008-February 2009
- Figure 22: Ad promoting annuities from John Hancock, December 2008
- Figure 23: Ad for T. Rowe Price' s SmartChoice Rollover IRA™ August
2008-February 2009
- Figure 24: An ad for Fidelity' s personal retirement annuity product,
July 2008
- Direct mail
- Figure 25: Direct mail piece from New York Life, September 2008
- Figure 26: Direct mail piece from New York Life, September 2008
- Figure 27: Direct mail piece from New York Life, September 2008
- Figure 28: Direct mail piece from Fidelity promoting 401(k) enrollment,
November-December 2008
- Figure 29: Direct mail from AARP offering retirement counseling from
AARP representatives, December 2008
- Broadcast advertising
- Figure 30: Charles Schwab ad, 2008
- Figure 31: Charles Schwab--I may not be a financial genius, but that
doesn' t mean I' m an idiot, 2008.
- Figure 32: TIAA-CREF ad, 2008
- Figure 33: Fidelity' s retirement income program ad, 2008
- Figure 34: AXA Equitable annuity--the 800 lb. gorilla in the room ad,
2008
- The Consumer
- Key points
- Who has a retirement plan--and what kind do they have?
- Figure 35: Type of retirement accounts owned, by gender, December 2008
- Figure 36: Type of retirement accounts owned, by age, December 2008
- Figure 37: Type of retirement accounts owned, by income, December 2008
- The Consumer--retirement account balances
- Figure 38: Personal retirement account balances, by gender, December 2008
- Figure 39: Personal retirement account balances, by age, December 2008
- Figure 40: Personal retirement account balances, by race/Hispanic
origin, December 2008
- Figure 41: Personal retirement account balances, by income, December 2008
- Figure 42: Household retirement account balances, by gender, December
2008
- Figure 43: Average household retirement account balance, by age,
December 2008
- Figure 44: Average household retirement account balance, by income,
December 2008
- Figure 45: Average household retirement account balance, by
race/Hispanic origin, December 2008
- The Consumer--Attitudes about Retirement and Retirement Saving
- Figure 46: Where retirement income is expected to come from, by gender,
December 2008
- Figure 47: Where retirement income is expected to come from, by age,
December 2008
- Figure 48: Where retirement income is expected to come from, by
race/Hispanic origin, December 2008
- Figure 49: Where retirement income is expected to come from, by income,
December 2008
- The Consumer--Retirement Planning and Investment Decisions
- Figure 50: Type of retirement planning already done, by gender, December
2008
- Figure 51: Type of retirement planning already done, by age, December
2008
- Figure 52: Type of retirement planning already done, by race/Hispanic
origin, December 2008
- Monitoring retirement accounts
- Figure 53: Monitoring of retirement accounts, by gender, December 2008
- Figure 54: Monitoring of retirement accounts, by age, December 2008
- Figure 55: Monitoring of retirement accounts, by income, December 2008
- Attitudes about retirement investing
- Figure 56: Engagement in retirement investing, total agree, by gender,
December 2008
- Figure 57: Engagement in retirement investing, total agree, by
race/Hispanic origin, December 2008
- Figure 58: Engagement in retirement investing, total agree, by income,
December 2008
- Satisfaction with retirement plan options
- Figure 59: Satisfaction with retirement plan options, total agree, by
gender, December 2008
- Figure 60: Satisfaction with retirement plan options, total agree, by
income, December 2008
- Understanding of retirement options
- Figure 61: Understanding of retirement investment options, total agree,
by gender and age, December 2008
- Figure 62: Understanding of retirement investment options, total agree,
by income, December 2008
- The Consumer--Interest in Alternative Retirement Investments
- Lifecycle or lifestyle funds
- Figure 63: Who invests in lifecycle or lifestyle funds, by gender,
December 2008
- Figure 64: Who invests in lifecycle or lifestyle funds, by age, December
2008
- Figure 65: Who invests in lifecycle or lifestyle funds, by race/Hispanic
origin, December 2008
- Figure 66: Who invests in lifecycle or lifestyle funds, by income,
December 2008
- Figure 67: Who invests in a managed account, by age, December 2008
- ETFs
- Figure 68: Interest in ETFs, by gender, December 2008
- Figure 69: Interest in ETFs, by age, December 2008
- Figure 70: Interest in ETFs, by race/Hispanic origin, December 2008
- Figure 71: Interest in ETFs, by income, December 2008
- Figure 72: Interest in ETFs, by the presence of children in household,
December 2008
- The Consumer--Who They Trust For Advice
- Figure 73: Who is trusted to give retirement advice, by gender, December
2008
- Appendix--Additional Consumer Groups
- Who has a retirement plan--and what kind do they have?
- Figure 89: Ownership of retirement plan, by gender and presence of
children, December 2008
- Figure 90: Ownership of retirement plan, by marital status and presence
of children, December 2008
- Figure 91: Retirement plans owned, by gender and age, December 2008
- Figure 92: Retirement plans owned, by gender and income, December 2008
- Figure 93: Retirement plans owned, by gender and age, December 2008
- Figure 94: Retirement plans owned, by race/Hispanic origin and age,
December 2008
- Figure 95: Retirement plans owned, by gender and income, December 2008
- Figure 96: Retirement plans owned, by race/Hispanic origin and income,
December 2008
- How much is in those retirement accounts?
- Figure 97: Total amount in retirement accounts, by gender and presence
of children, December 2008
- Figure 98: Total amount in retirement accounts, by gender and age,
December 2008
- Figure 99: Total amount in retirement accounts, by race/Hispanic origin
and age, December 2008
- Figure 100: Total amount in retirement accounts, by gender and income,
December 2008
- Figure 101: Total amount in retirement accounts, by race/Hispanic origin
and income, December 2008
- Attitudes about retirement and retirement savings
- Figure 102: Where retirement income is coming from, by gender and
presence of children, December 2008
- Figure 103: Where retirement income is coming from, by gender and age,
December 2008
- Figure 104: Where retirement income is coming from, by race/Hispanic
origin and income, December 2008
- Interest in retirement investing
- Figure 105: Interest in retirement investing, by gender and presence of
children, December 2008
- Figure 106: Interest in retirement investing, by gender and age,
December 2008
- Figure 107: Interest in retirement investing, by gender and income,
December 2008
- Monitoring retirement accounts
- Figure 108: How often retirement account is monitored, by gender and
age, December 2008
- Figure 109: How often retirement account is monitored, by race/Hispanic
origin and age, December 2008
- Types of retirement planning done
- Figure 110: Type of retirement planning already done, by gender and
presence of children, December 2008
- Figure 111: Type of retirement planning already done, by race/Hispanic
origin and age, December 2008
- Figure 112: Type of retirement planning already done, by gender and
income, December 2008
- Satisfaction with retirement plan options
- Figure 113: Satisfaction with retirement investment options, by gender
and presence of children, December 2008
- Figure 114: Satisfaction with retirement plan options, by race/Hispanic
origin and income, December 2008
- Understanding of retirement options
- Figure 115: Understanding of retirement options, by gender and presence
of children, December 2008
- Figure 116: Understanding of retirement options, by race/Hispanic origin
and age, December 2008
- Interest in alternative retirement investments
- Figure 117: Interest in lifecycle funds, by gender and presence of
children, December 2008
- Figure 118: Interest in lifecycle funds, by race/Hispanic origin and
age, December 2008
- Figure 119: Interest in lifecycle funds, by race/Hispanic origin and
income, December 2008
- Figure 120: Interest in ETFs, by gender and presence of children,
December 2008
- Figure 121: Interest in ETFs, by gender and income, December 2008
- Who is trusted to give retirement planning advice?
- Figure 122: Who trusted to give retirement planning advice, by gender
and presence of children, December 2008
- Figure 123: Who trusted to give retirement planning advice, by gender
and age, December 2008
- Figure 124: Who trusted to give retirement planning advice, by
race/Hispanic origin and age, December 2008
- Appendix: Trade Associations
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