News from the web:
Assets of the nation’s 1,000 largest retirement plans eked out a roughly 2% gain for the tumultuous 12-month period ended Sept. 30, even as efforts to better position investment portfolios to withstand market volatility continued apace
According to Pensions & Investments‘ latest annual survey, the combined assets of the top 1,000 U.S. retirement plans edged up 2.3%, or $148.6 billion, to $6.71 trillion. The largest 200 plans, meanwhile, saw their assets climb 1.7% to $4.965 trillion.
The modest gain for the top 1,000 followed the previous survey’s 8% rebound from two years of declines — -5.2% for the year ended Sept. 30, 2009, and -13.1% for the year ended Sept. 30, 2008 — after and during the global financial crisis.
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