A survey from the Investment Company Institute, Washington, found 19% of the total retirement plan market of $5.21 trillion was invested in mutual funds as of year end 1995, the latest data available.
The $1 trillion invested in mutual funds by retirement plans represents 35.7% of the total mutual fund pool of $2.8 trillion. That's up from 25% three years earlier, according to the ICI*survey.
Retirement-related new money flow into mutual funds in 1995 rose to $100 billion, or 47%, of the total new money flow of $213 billion.
Defined contribution plans held about 12.4% of mutual fund assets as of Dec. 31, 1995. In 1994, the plans held 11.5% of mutual fund assets.
401(k) plans held 9.3% of total fund assets, while defined benefit plans held 1.5% and individual retirement accounts held 17.6% of all mutual fund assets as of the same date.
Another 4% was held by 403(b) plans, while 457 plans held 0.2%, according to the ICI study.