Retirement & Pension Plans in the US
The Retirement and Pension Plans industry has experienced significant growth over the five years to 2018, as strong gains in equity markets and gains in disposable income have boosted industry revenue. Further, strength in the general economy over the five years to 2018, has enabled greater employee and employer contributions to pension funds. Dwindling popularity for DB plans will cause industry revenue to decelerate over the five years to 2023. Despite the increasing popularity of DC plans, IBISWorld projects growth in investment income and contributions for DB pension funds. This projected growth in investment income is largely due to projected annualized growth of 5.9% in the S&P 500 over the next five years.
This industry is composed of private and public pension funds that provide retirement saving and income benefits exclusively for the sponsor’s employees or members. This industry only includes defined benefit plans and excludes defined contribution plans. Revenue in this industry refers to total contributions plus investment gains, while establishments refer to the number of funds. Fees from portfolio management or other third-party services are not included in this report.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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