Overview

Unbroken bonds: The industry has recovered due to rising disposable income and declining unemployment

IBISWorld’s industry research report on Retirement & Pension Plans provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1tr
Annual Growth
12-17
2.6%
Annual Growth
17-22
Profit
Employment
19,562
Business
54,611

Industry Threats & Opportunities

  • Rather than fund retirement, individuals are rebuilding savings accounts and paying off debt
  • The PPA is designed to force employers to strengthen their pension plans to meet future obligations
  • Employers that provide DB plans will be particularly susceptible to the rising retired population

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    Industry Analysis & Industry Trends

    Thanks to increasing disposable income and declining unemployment, revenue for the Retirement and Pension Plans industry has recovered. At the same time, strong equity performance and improving domestic macroeconomic conditions are expected to boost investment income in 2017. Over the five years to 2022, funded ratios are projected to improve, with industry assets maintaining steady growth as well. This growth will be limited by the sale of assets to support the increasing number of beneficiaries reaching retirement...

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    Industry Report - Industry Locations Chapter

    There is no official information on the geographic distribution of retirement plans and their assets. This is because proximity to clients is not an important component for industry analysis. Instead, the Bureau of Labor Statistics (BLS) publishes information on participation rates of private retirement plans. Based on these rates, IBISWorld is able to estimate the geographic distribution of participants in private retirement plans.

    Overall, the distribution of private retirement plans corresponds to the geographical spread of both employment and income. Sponsored retirement plans generally mirror employment patterns because individuals must have a job to gain access to sponsored benefits. Com..

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    Additional Insights for the Retirement & Pension Plans Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement & Pension Plans Industry are

  • Ability to produce consistent investment returns
  • Company profitability
  • Ability to maintain adequate asset reserves
  • IBISWorld analysts also discuss how external factors such as S&P 500 and Yield on 10-year Treasury note in the Retirement & Pension Plans industry impact industry performance..

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    Industry Products

    What is the Retirement & Pension Plans Industry?

    This industry is composed of private and public pension funds that provide retirement saving and income benefits exclusively for the sponsor’s employees or members. Plans are based on defined benefit and exclude defined contribution. Revenue in this industry refers to total contributions plus net investment income or losses, while establishments refer to the number of funds. Fees from portfolio management or other third-party services are not included in this report.

    Industry Products
    Private defined benefit plans
    State and local government defined benefit plans
    Federal defined benefit plans
    Industry Activities
    Providing defined benefit plans to beneficiaries
    Collecting employer and employee contributions
    Investing in assets to meet obligations

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • S&P 500
  • Yield on 10-year Treasury note
  • National unemployment rate
  • Number of adults aged 65 and older

  • Current Performance
  • Steadily stabilizing
  • Focusing on underfunded plans
  • Transitioning from DB to DC
  • Chart: Revenue Growth

  • Industry Outlook
  • DC plans and IRAs are the future
  • Underfunded plans remain top priority
  • Table: Retirement & Pension Plans Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement & Pension Plans Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Law Firms
  • Life Insurance & Annuities
  • Open-End Investment Funds
  • Portfolio Management

  • Products & Services
  • Private defined benefit plans
  • State and local government defined benefit plans
  • Federal defined benefit plans
  • Chart: Retirement & Pension Plans Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • State and local government employees
  • Private sector employees
  • Federal government employees
  • Chart: Major Market Segmentation for the Retirement & Pension Plans Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitBenefit paymentsOutside fund management feesWages
  • Chart: Cost Structure Benchmarking – Sector vs Retirement & Pension Plans

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Retirement & Pension Plans Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement & Pension Plans Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Retirement & Pension Plans Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • S&P 500 (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Defined Benefit (Db) Plan
  • Company retirement plan (i.e. pension plan) in which a retired employee receives a specified amount of base salary depending on employment history. The employer bears all investment risk.
  • Defined Contribution (Dc) Plan
  • Company retirement plan in which the employee elects to defer a specified amount of salary into a retirement account. Income depends on the size of the investment and is not defined.
  • Individual Retirement Account (Ira)
  • Tax-deferred retirement account that allows individuals to set aside money on an annual basis. Taxes on earnings are deferred until withdrawal. This type of account is not employer-sponsored.
  • Pension Fund
  • Also known as pension fund sponsor. Refers to the actual fund. Funds are generally organized and "sponsored" by companies, government entities or labor unions.
  • Roth Ira
  • Individual retirement account (IRA) that differs from traditional IRAs in that contributions are not tax-deferrable.
  • Tax Qualified Plan
  • Retirement plan that is eligible for favorable tax treatment because it meets the requirements of the Internal Revenue Code Section 401(a) and the Employee Retirement Income Security Act of 1974.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Retirement & Pension Plans:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Retirement & Pension Plans market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Retirement & Pension Plans, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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