Retirement and pension plans suffered a sharp setback during the subprime credit crisis, when industry assets crashed. Plan sponsors, still recovering, now have several new issues to contend with. Among these is the growing number of aging and retiring baby boomers, who are due to receive pension payments. However, many pension plans (and Social Security) are severely underfunded. As a result, most plans are becoming defined contribution plans, which shift responsibility to the individual.
This industry is comprised of private and public pension funds that provide retirement saving and income benefits exclusively for the sponsor's employees or members. Plans are based on defined benefit and exclude defined contribution. Revenue in this industry refers to total contributions plus net investment income or losses, 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.