Defined Contribution Plans Content

The Investment Company Institute (ICI) writes to reiterate our significant concerns with the Department of Labor’s (the “Department”) proposed amendments to Prohibited Transaction Exemption 84-14 (the “QPAM Exemption”), the longstanding exemption governing financial institutions...

US households felt the sting of high inflation in 2022. Sharp increases in consumer prices led to surging interest rates and a stock market downturn, driving steep losses in many investment accounts. This challenging environment generated financial headwinds to households of all...

Americans using defined contribution (DC) plans to save for retirement stayed the course in the first three quarters of 2022 despite ongoing market volatility, the latest ICI survey data of plans covering more than 40 million participant accounts shows.