The US retirements industry represents the world’s largest addressable retirements market, comprising over 75 million participants. It grew from US$25.3 trillion in 2016 to US$35 trillion in assets in 2020. The US retirements market serves a demography with four generations and varying preferences. The workforce has shifted to more mobile workers and small business owners who have recently gained access to retirement plans. This market diversity is creating a wide range of consumer priorities.
Upcoming proposals under the Biden administration are set to bring about increased regulatory scrutiny and amendments to legislations such as AUTO (K) and the tax credit structure, the SECURE Act 2.0, and the introduction of Pooled Employer Plans (PEPs).
This report studies the market trends, participant strategies, and implications of the fast-evolving landscape on retirement market participants, IT service providers, and technology providers.
Scope
Industry: retirements
Geography:US
Contents
In this report, we share:
An overview of the US retirements market
Challenges the industry faces due to evolving regulations, consumer demand shifts, and profitability pressures
Key investment priorities for participants in the retirements industry
Implications for retirement firms, technology providers, and IT service specialists in the market
In this research, we take a deep dive into the recordkeeping function of the Defined Contribution (DC) plan administration business, analyzing the DC market and the recordkeeping function and exploring the challenges recordkeepers face as a result…
