403(b) design diversifies, but still heavy on annuities

July 15, 2015 by Nick Thornton

Assets in 403(b) plans, the tax-deferred defined-contribution option for non-profit and educational institutions, are fast approaching the $1 trillion mark, new data from the Investment Company Institute shows.

That’s compared to the $4.7 trillion held in 401(k) plans.

While the ICI’s new data on the non-profit workplace savings option shows 403(b) plan design is benefiting from greater diversification and cost benefits, one attribute jumps off the page. Click here to read…

Originally Posted at LifeHealthPro on July 08, 2015 by Nick Thornton.