ICI President and CEO Eric J. Pan released a statement regarding the Department of Labor’s amicus briefs in Pizarro v. The Home Depot and Johnson v. Parker-Hannifin Corporation, two significant cases pending before the US Supreme Court that address Employee Retirement Income Security Act (ERISA) disputes.
Washington, DC; August 27, 2025—A new report from the Investment Company Institute (ICI) and ISS Market Intelligence (MI) finds that most employees in large 403(b) plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) receive employer contributions, giving them...
Washington, DC; December 23, 2024—The Investment Company Institute (ICI) and ISS Market Intelligence (MI) today released their collaborative report on 403(b) plans subject to the Employee Retirement Income Security Act of 1974 (ERISA), The BrightScope/ICI Defined Contribution Plan...
Adjusted for inflation, average retirement assets per US household are nearly 10 times what they were 50 years ago. That surge in wealth has been propelled largely by IRAs, 401(k)s, and similar plans, which provide retirement security for families of all backgrounds and income levels...
Washington, DC, April 18, 2024—Employers’ commitment to their 403(b) plan participants is evident in the report “ The BrightScope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2020,” released today by ISS Market Intelligence (MI) and the Investment Company...
The Investment Company Institute submitted a comment to the Department of Labor (the “Department”) on their proposed regulation defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), or an individual retirement...
Washington, DC, January 2, 2024—Today, Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Department of Labor's (DOL) proposed rule updating the definition of an investment advice fiduciary under the Employee Retirement Income...
ICI strongly supports efforts to promote retirement security for US workers. Our members play a significant role in helping retirement savers by making available the investment products through which pension plans, defined contribution plans and IRAs invest. As fiduciaries, our...
