Some experts question Cogent Research study's finding of big dip in 401(k) plan ownership
The bad economy deterred participation in employer retirement plans but their growth may stay suppressed longer term, researchers say
Related Moves
Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees
The $10.3 trillion giant explains its hiring -- in a layoff environment -- as an RIA-like goal, namely having the human bandwidth to develop 'lifetime' relationships with its 40 million investors
February 17, 2023 at 2:49 AM
Fidelity Investments loses Kathleen Murphy who largely caught up Fido to Schwab (near $4T) on the retail side by reversing net promoter scores
The 'no whining allowed' leader of the Boston giant's retail business, who oversaw $2 trillion in net new assets, was ready to exit but hung in through a year dominated by COVID-19 challenges
January 23, 2021 at 2:02 AM
Fidelity Institutional looks like a big TAMP after Mike Durbin removes last internal walls between products and advisors after 'meteoric' 2019 leap; two Fido RIA sales legends depart amid the shift
Rich Policastro and Tom Valverde are out after Fidelity Custody & Clearing assets leap to $2.6 trillion AUA, restructuring gets the credit -- and so restructuring gets extended.
March 13, 2020 at 10:36 PM
TD Ameritrade's board suddenly pushes out Tim Hockey after his big misread of RIAs; Tom Bradley name-dropped as successor
The CEO broke the TD promise never to compete with RIAs, took it back and got sent packing
July 23, 2019 at 4:30 AM
See more related moves
BrightScope, Inc.
Data and ratings for RIAs
Skip Schweiss
I’ll agree with Ryan Alfred on this one. The Cogent study results are based upon a survey. Fine organization, Cogent, and I’m sure they took appropriate steps to ensure a valid outcome. The ICI data is not an estimate, as is mentioned in the article. Only the federal pension data is an estimate, if you read the chart. Nor is all data on 401(k) assets estimated. The best source is the government itself, since these plans must file annual reports. Numerous sources pull this data and report on it. Also, future prediction: the 401(k) market is not “on its way down”. Mark my words, Mr. Harvey!
