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.
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