The 20 Rising Stars of Retirement Plan Advisors 2007 - (Page 10) sponsored article A Participant-Centric Approach To DC Plans Everybody Wins By: Kent Buckles, v.p, The Standard Defined contribution plans have eclipsed the traditional pension plan as the key retirement savings vehicle for American workers. In 2005, according to the Investment Company Institute, approximately 47 million participants had invested $1.8 trillion in their employer-sponsored retirement plans.1 But are most participants equipped to know and understand how to invest that $1.8 trillion? Armed with limited education and experience, have they formulated realistic retirement income goals? And, are they confident that their savings will fund their retirement income goals? It has become clear that the answer to each of these questions is “no!” 1 Figures are as of year-end 2005 and include 401(k) plans, 403(b) plans, 457 plans, Keoghs, and other defined contribution plans without 401(k) features. 10 RETIREMENT PLAN ADVISORS RISING STARS SEPTEMBER 2007
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