Northern Trust is touting the rapid growth of its’ defined contribution assets. The firm saw DC assets rise from $37 billion at the end of 2009 to $78 billion as of December 31, 2012.

"DC plans have grown in stature as the primary workplace retirement vehicle for most Americans, and the marketplace is responding to our comprehensive approach for both design and implementation of cost effective solutions that capture global market exposure," Jim Danaher, Managing Director, Defined Contribution Solutions at Northern Trust said, in a release.

Assets invested in the firm’s target date Northern Trust Focus Funds grew at an annualized rate of 136% from the end of 2009 through January 31, 2013, when the funds crossed the $4 billion mark.

“The Focus Funds incorporate many of Northern Trust’s strengths as a multi-capability asset manager: a core competency in strategic asset allocation, globally diversified investments and a cost-efficient structure,” stated Susan Czochara, senior product manager of Northern Trust’s DC Solutions Group.