Ibbotson Associates announced Monday it currently manages more than $2.5 billion or 25 percent, of defined contribution assets for plan participants in the United States.
Six leading plan providers, with assets under management surpassing $1 trillion, now offer the company's discretionary managed accounts program to their plan sponsor clients.
Some providers are AIG VALIC, Great-West Retirement Services through Advised Assets Group, the Retirement Group at Merrill Lynch, the Principal Financial Group and national financial services firm TIAA-CREF. Together these companies serve more than 23 million participants and more than 117,000 sponsors.
Ibbotson offers plan providers education, customized advice and discretionary managed accounts. Also, because systems are installed on the provider's server Ibbotson provides control over program administration, protecting confidentiality and security.