Mutual Fund Retirement Assets statistics

[In billions of dollars, except percent (208 represents $208,000,000,000). Based on data from the Institute's Annual Questionnaire for Retirement Statistics. The 1999 survey gathered data from over 8,000 mutual fund share classes representing 83 percent of equity funds, 74 percent of bond and hybrid funds, and 69 percent of money market funds. Assets were estimated for all non-reporting funds. Reporting funds were grouped by investment objective and a percentage increase (from previous data) by investment objective was determined. These ratios were used to estimate data for non-reporting funds. Estimates of retirement assets in street name and omnibus accounts were derived from data reported on the Annual Survey of Retirement Statistics and the Annual Institutional Shareholder survey]


Type of	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999
account

Mutual fund retirement assets	208	324	423	587	666	918	1,172	1,509	1,881	2,426
Percent of total retirement assets	5	7	8	10	11	13	15	16	17	19
Individual retirement accounts (IRA's)	141	189	239	324	352	479	602	764	944	1,222
Employer-sponsored defined
contribution retirement plans	67	135	184	263	314	439	570	745	937	1,204
401(k) plans ¹	35	46	82	140	184	266	349	471	598	777
Percent of total 401(k) assets	9	10	15	23	27	31	33	37	41	45
403(b) plans ²	15	68	74	86	90	119	146	183	227	281
457 plans ³	2	2	3	4	6	8	11	16	22	30
Other defined contribution plans ⁴	15	20	25	33	35	46	64	75	90	116

Percent of all mutual funds:
Mutual fund retirement assets	20	23	26	28	31	33	33	34	34	35
Individual retirement accounts (IRA's)	13	14	15	16	16	17	17	17	17	18
Employer-sponsored retirement plans	6	10	11	13	15	16	16	17	17	18

1 See headnote, Table 616. May also include some profit-sharing plan assets that do not have a 401(k) feature.
2 Section 403(b) of the Internal Revenue Code permits employees of certain charitable organizations, nonprofit hospitals, universities, and public schools to establish tax-sheltered retirement programs. These plans may invest in either annuity contracts or mutual fund shares.
3 These plans are deferred compensation arrangements for government employees and employees of certain tax-exempt organizations.
4 Includes thrift savings, stock bonus, target benefit, money purchase, and all other defined contribution plans.

Source: Investment Company Institute, Washington, DC, Fundamentals, Investment Company Institute Research in Brief, "Mutual Funds and the Retirement Market"; Vol. 9, No. 2, May 2000 (http://www.ici.org) (copyright).

http://www.ici.org/

http://www.allcountries.org/uscensus/844_mutual_fund_retirement_assets.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.