Administration November 1, 2006

Mutual Fund Ownership Inside Retirement Plans Inches Up in 2006

November 1, 2006 (PLANSPONSOR.com) - The gap between mutual fund ownership outside of retirement plans and inside of retirement plans narrowed in 2006, a recent survey by the Investment Company Institute (ICI) revealed.
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An estimated 54.9 million US households and 96 million individual investors own mutual funds, with 38.3 million households owning mutual funds through their retirement plans, ICI found. The survey found that 40.6 households own funds outside of retirement plans.

That gap has shrunk considerably compared to a decade ago, when the difference between the two ownership categories was approximately 10 million households.Last year’s survey results showed a slightly wider gap, with 36 million owning funds inside plans and 39 million outside (See Mutual Fund Ownership Inside Retirement Plans Continues to Grow).

The survey also found that two-thirds of mutual fund-owning households are headed by individuals between the ages of 35 and 64 and that three in five US mutual fund-owning households have incomes between $25,000 and $99,000.

The data is based on a survey of 3,000 US households conducted in June 2006. The full report is here .

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