{"product_id":"retirement-pension-management","title":"Retirement \u0026 Pension Management","description":"\u003cp\u003eRetirement \u0026amp; Pension Management\u003cbr\u003e\nBrief Excerpt from Industry Overview Chapter:\u003c\/p\u003e\n\n\u003cp\u003eEntities in this industry include funds, plans, and other programs that provide retirement income benefits for an organization's employees or members. Major retirement plans include the California Public Employees' Retirement System, the California State Teachers' Retirement System, the Federal Retirement Thrift Savings Plan, and the New York State Common Retirement Fund (all US-based). Outside the US, major funds include the Central Provident Fund (Singapore), Government Employees Pension Fund (South Africa), Ontario Teachers' Pension Plan (Canada), and Stichting Pensioenfonds (Netherlands).\u003c\/p\u003e\n\n\u003cp\u003eCOMPETITIVE LANDSCAPE\u003c\/p\u003e\n\n\u003cp\u003eDemand is affected by the global economic conditions and demographic trends. The profitability of individual companies depends on investment expertise. Large companies have economies of scale in operations. Small companies can compete effectively by specializing in desirable sectors and by producing higher investment returns.\u003c\/p\u003e\n\n\u003cp\u003ePRODUCTS, OPERATIONS \u0026amp; TECHNOLOGY\u003c\/p\u003e\n\n\u003cp\u003eMajor retirement products include?defined benefit (DB) plans?and?defined contribution (DC) plans. In a DB plan, an employer guarantees an employee will receive a fixed payout once retired. In a DC plan, the employer does not guarantee any benefits. A?pension?is a type of DB plan. Popular types of DC plans include the?401(k)?and the?IRA?(Individual Retirement Account). As of June 2021, 401(k) plans held over $7 trillion in assets and represented about 20% of the $37.2 trillion US retirement market, according to the Investment Company Institute (ICI).\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"October, 2023 \/ - \/ MCW16278799","offer_id":47710775705906,"sku":null,"price":155.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/retirement-pension-management","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}