Defined contribution plans have become one of the fastest-growing segments of the retirement industry, representing $7 trillion of the $24 trillion in retirement system assets in 2014, according to data from the Investment Company Institute.
Private companies have been at the forefront of the change, but government entities are following suit, which means DC plans will become even more important in the years ahead, according to a white paper by Jeffrey Snyder, vice president and senior consultant at Cammack Retirement.
