CHAPTER 6
NEXT GENERATION DEFINED CONTRIBUTION PLANS: WORKPLACE SAVINGS 4.0, MARKET INNOVATION, AND POLICY SUPPORT
The enterprise that does not innovate ages and declines.
He not busy being born is busy dying.
Evolving steadily over more than three decades since the emergence of the first 401(k)s, America’s defined contribution savings system has arguably become the greatest wages-to-wealth machine in the history of finance. Just 11 years after being blessed by the Pension Protection Act of 2006, DC savings plans have reached $7.3 trillion in assets in the first quarter of 2017, while IRAs, mainly filled by savings rolled over from DC plans, hold an additional $8.2 trillion. No other nation on earth has anything ...
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