News Release Content

Rollovers Often Are Key in Traditional IRA Ownership Washington, DC, December 19, 2018—The majority of US households with traditional individual retirement accounts (IRAs) indicated their traditional IRAs included rollovers from workplace retirement plans, according to a survey...

403(b) Plans Offer Diverse Range of Investment Options New BrightScope/ICI research also shows high employer contribution rate Washington, DC; December 6 , 2018 —The average large 403(b) plan subject to the Employee Retirement Income Security Act of 1974 (ERISA) offered 27 “core”...

ICI Defined Contribution Plan Recordkeeper Data Show Continued Commitment to Retirement Saving Washington, DC, November 29, 2018—Americans continued to save for retirement through defined contribution (DC) plans over the first half of this year, according to ICI’s “ Defined...

Mutual Fund Investors Represent Wide Range of Ages and Income Levels Shareholders trust funds to help them save for retirement Washington, DC; November 20, 2018—Individuals across all income levels and generations own mutual funds, according to new survey results released today by the...

Consistent 401(k) Participation Leads to Higher Account Balances Washington, DC, November 6, 2018—The average 401(k) plan account balance of “consistent 401(k) participants”—those who remained active in the same 401(k) plans from year-end 2010 through year-end 2016—more than doubled...

ICI Calls for Saving Fund Shareholders’ Money by Reforming Fees for Distributing Fund Materials Current system stifles competition, resulting in higher costs for fund investors Washington, DC; November 1, 2018—The Investment Company Institute (ICI) called on the Securities and...

ICI Strongly Supports the SEC’s Efforts to Enhance Fund Disclosure Modern fund disclosure system should provide investors with choice Washington, DC; October 25, 2018—The Investment Company Institute (ICI) supports recent efforts made by the US Securities and Exchange Commission (SEC)...

ICI President and CEO Paul Schott Stevens issued the following statement on the vote by the Financial Stability Oversight Council (FSOC) to remove Prudential Financial’s systemically important financial institution (SIFI) designation:

George C. W. Gatch Elected Chairman of ICI Five New Members Elected to ICI Board of Governors Washington, DC; October 8, 2018—The Board of Governors of the Investment Company Institute (ICI) has elected George C. W. Gatch, CEO of J.P. Morgan Asset Management’s global funds and global...

Independent Directors Council Names Dawn Vroegop as Chair and Elects Two Governing Council Members Washington, DC; October 8, 2018—The Governing Council of the Independent Directors Council (IDC) has elected Dawn Vroegop as its Chair. Vroegop, who has served as IDC Vice Chair for the...