McKinsey & Co., meanwhile, projects assets in 401(k) plans will grow from $3.5 trillion as of 2012 to $5.5 trillion in 2015.
How to Compete in the Defined Contribution Market
Advisors can gain a competitive edge in the defined contribution market by promoting the merits of automatic enrollment, recommending innovate income producing products for retirees, and selecting attractive default investment options, reports FinancialAdvisor.com.
