News Release Content

Retirement Plan Fees Vary with Plan Size and Diversified Equity Holdings, Deloitte/ICI Study Finds Washington, DC, August 20, 2014—A comprehensive study of the factors that appear to drive fees in 401(k) and other defined contribution (DC) retirement plans, released today by Deloitte...

ICI Retirement Recordkeeper Data Show Americans’ Continued Commitment to Saving Washington, DC, August 12, 2014—ICI’s latest study of retirement plan savers’ actions, based on defined contribution (DC) plan recordkeeper data covering nearly 24 million employer-based DC plan...

Accounts of Consistent 401(k) Participants Grew 6.8 Percent Annually During the Five Years That Included Financial Crisis Study Confirms Expanding Role of Target Date Funds in 401(k) Plans Washington, DC, July 31, 2014—The average account balance of workers who participated...

ICI President and CEO Paul Schott Stevens made the following statement about the new rules for money market funds approved by the U.S. Securities and Exchange Commission...

IDC Statement on SEC Adoption of New Money Market Funds Requirements Washington, DC, July 23, 2014— Independent Directors Council (IDC) Managing Director Amy Lancellotta made the following statement today about the U.S. Securities and Exchange Commission’s final rules for money market...

Long-Term Downward Trend of Fees Paid by 401(k) Investors in Mutual Funds Continued in 2013 Washington, DC, July 14, 2014—Participants in 401(k) plans incurred lower expenses investing in long-term mutual funds (equity, hybrid, and bond funds) in 2013 than in 2012, the Investment...

ICI Names David W. Blass General Counsel Washington, DC, July 11, 2014—The Investment Company Institute has named David W. Blass as its General Counsel. Blass is currently chief counsel and associate director of the Division of Trading and Markets at the Securities and Exchange...

Roth IRAs Most Often Created by Contributions Roth IRA Investors Persistent, Responsive to Tax Rule Changes Washington, DC, June 30, 2014 - Contributions are the predominant way investors open Roth individual retirement accounts (IRAs), according to a new Investment Company Institute...

ICI Applauds Senator Warner and Senator Coburn Effort to Bring More Transparency to Bond Investments Washington, DC, June 3, 2014— ICI issued the following statement about S. 2114, the Bond Transparency Act, sponsored by Senator Mark Warner (D-VA) and Senator Tom Coburn (R-OK): “ICI...

On Average, Investors Paid Lower Expense Ratios for Equity Funds in 2013, Continuing a Downward Trend Expense Ratios for Hybrid and Bond Funds Were Largely Unchanged Washington, DC, May 14, 2014 - Investors paid lower average expense ratios for equity mutual funds in 2013 compared to...