US 401(k) retirement plans lost $72bn (£50.2bn) in 2000, according to a new report from Cerulli Associates.
In the report, Cerulli claim that for the first time ever, 401(k) plan assets shrank, with the $72bn loss leaving assets down to $1.766tr (£1.231tr). Cerulli attribute this to the decline in equity...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date