New Analysis Shows Prior Estimate Vastly Overstates Retirement Plan “Leakage” Washington, DC; June 8, 2020—Previous studies substantially overestimate leakage from retirement accounts, according to new analysis of tax data by Investment Company Institute (ICI) economists Peter Brady...
ICI Applauds SEC Staff Action to Protect Closed-End Fund Shareholders Regulatory change provides funds with a critical tool to fight activist profiteers Washington, DC; May 28, 2020—ICI President and CEO Paul Schott Stevens issued the following statement in response to the US...
ICI Applauds Approval of Labor Department E-Delivery Rule Rule Will Make Disclosures and Communications More Effective and Save Millions for Participants Washington, DC; May 21, 2020—Investment Company Institute (ICI) President and CEO Paul Schott Stevens issued the following...
ICI Education Foundation Awards Grant to the Maryland Council on Economic Education Grant to fund new teacher training on investor education and personal finance Washington, DC; May 20, 2020—The Investment Company Institute Education Foundation (ICIEF) has awarded a $25,000 grant to...
ICI Defined Contribution Plan Recordkeeper Data Show Ongoing Commitment to Retirement Saving During COVID-19 Pandemic Washington, DC; May 14, 2020—Americans continued to save for retirement through defined contribution (DC) plans early this year despite uncertain market conditions...
Tax Data Show High Rate of Retirement Plan Participation Washington, DC, May 4, 2020—A new Investment Company Institute (ICI) analysis shows that 65 percent of workers aged 26 to 64 participated in an employer-sponsored retirement plan in 2017 either directly or through a spouse. The...
ICI Defined Contribution Plan Recordkeeper Data Show Retirement Plan Participants Continued to Save in 2019 Washington, DC, April 30, 2020—The vast majority of defined contribution (DC) plan participants continued contributing to their retirement savings during 2019, according to ICI...
ICI and IDC Welcome SEC’s Efforts to Modernize Framework for Fund Valuation Practices Washington, DC; April 22, 2020— ICI General Counsel Susan Olson and Independent Directors Council Managing Director Thomas Kim issued the following statement today in response to the US Securities...
ICI Applauds SEC’s New Derivatives Rule and Recommends Additional Clarifications to Improve Its Effectiveness Washington, DC; April 20, 2020—The Investment Company Institute (ICI) strongly supports the new rule proposal from the Securities and Exchange Commission (SEC) governing funds...
ERISA 403(b) Plans Offer Wide Range of Investment Options New BrightScope/ICI research also shows high employer contribution rate Washington, DC; April 16, 2020—The average large 403(b) plan subject to the Employee Retirement Income Security Act of 1974 (ERISA) offered 25 “core”...
