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Workplace Retirement

America at 250: How Workplace Retirement Plans Introduce Americans to Investing

Defined contribution retirement plans have played a critical role in democratizing access to investing in the US. In 2025, approximately 80 million (about 60% ) US household held DC plan accounts. For many Americans, these plans represent not only a vehicle for retirement saving but also their primary introduction to investing in the capital markets.

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Bringing Economic Analysis to the Debate Over Private Markets in Defined Contribution Plans

Private markets play a growing role in economic growth and investment opportunities, yet most retirement savers have limited access to them. The DOL’s proposed safe harbor would make it easier for plan fiduciaries to include private market investments in defined contribution plans, underscoring the need for policy decisions grounded in rigorous economic analysis.

Private market allocations can improve outcomes for retirement savers. Simulations of target date funds in 401(k) plans over a 40-year period show that the median account balance was 12% higher for a...

Private markets play an increasingly important role in capital formation, business expansion, and job creation, but access to those investment opportunities remains limited for most retail investors...

2026 Investment Company Fact Book


Explore the comprehensive guide to trends, data, and insights in in the investment company industry. 

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Glossary of Investing terms
You can find more information about many of these entries in the chapters and appendix of the Investment Company Fact Book

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