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https://www.ici.org/research/stats/retirement/ret_17_q3
Washington, DC, December 20, 2017 – Total US retirement assets were $27.2 trillion as of September 30, 2017, up 2.3 percent from June 30, 2017. Retirement assets accounted for 35 percent of all household financial assets in the United States at the end of September 2017.
US Total Retirement Market
Trillions of dollars, end-of-period, selected periods
e Data are estimated.
Note: For definitions of plan categories, see Table 1 in "The US Retirement Market, Third Quarter 2017." Components may not add to the total because of rounding.
Sources: Investment Company Institute, Federal Reserve Board, Department of Labor, National Association of Government Defined Contribution Administrators, American Council of Life Insurers, and Internal Revenue Service Statistics of Income Division
Retirement market assets grew across all categories in the third quarter of 2017. Assets in individual retirement accounts (IRAs) totaled $8.6 trillion at the end of the third quarter of 2017, an increase of 2.7 percent from the end of the second quarter. Defined contribution (DC) plan assets rose 2.5 percent in the third quarter of 2017 to $7.7 trillion. Government defined benefit (DB) plans— including federal, state, and local government plans—held $5.8 trillion in assets as of the end of September, a 2.3 percent increase from the end of June. Private-sector DB plans held $3.1 trillion in assets at the end of the third quarter of 2017, and annuity reserves outside of retirement accounts were $2.2 trillion.
Retirement Assets by Type
Billions of dollars, end-of-period, 2017:Q2–2017:Q3
e Data are estimated.
Sources: Investment Company Institute and Federal Reserve Board
Defined Contribution Plans
Americans held $7.7 trillion in all employer-based DC retirement plans on September 30, 2017, of which $5.3 trillion was held in 401(k) plans. In addition to 401(k) plans, at the end of the third quarter, $585 billion was held in other private-sector DC plans, $967 billion in 403(b) plans, $305 billion in 457 plans, and $543 billion in the Federal Employees Retirement System’s Thrift Savings Plan (TSP). Mutual funds managed $3.5 trillion, or 65 percent, of assets held in 401(k) plans at the end of September 2017. With nearly $2.1 trillion, equity funds were the most common type of funds held in 401(k) plans, followed by $954 billion in hybrid funds, which include target date funds.
401(k) Plan Assets
Billions of dollars, end-of-period, selected periods
Sources: Investment Company Institute, Federal Reserve Board, and Department of Labor
Individual Retirement Accounts
IRAs held $8.6 trillion in assets at the end of the third quarter of 2017. Forty-eight percent of IRA assets, or $4.1 trillion, was invested in mutual funds. With $2.3 trillion, equity funds were the most common type of funds held in IRAs, followed by $906 billion in hybrid funds.
IRA Market Assets
Billions of dollars, end-of-period, selected periods
e Data are estimated.
Sources: Investment Company Institute, Federal Reserve Board, American Council of Life Insurers, and Internal Revenue Service Statistics of Income Division
Other Developments
Target date mutual fund assets grew 5.0 percent in the third quarter, reaching $1.1 trillion at the end of September 2017. Retirement accounts held the bulk of target date mutual fund assets. Eighty-seven percent of these assets were held through DC plans (67 percent) and IRAs (20 percent).
Target Date Mutual Fund Assets
Billions of dollars, end-of-period, selected periods
Note: Components may not add to the total because of rounding.
Source: Investment Company Institute
The quarterly retirement data tables are available at “The US Retirement Market, Third Quarter 2017.”
Washington, DC, December 20, 2017 – Total US retirement assets were $27.2 trillion as of September 30, 2017, up 2.3 percent from June 30, 2017. Retirement assets accounted for 35 percent of all household financial assets in the United States at the end of September 2017.
US Total Retirement Market
Trillions of dollars, end-of-period, selected periods
e Data are estimated.
Note: For definitions of plan categories, see Table 1 in "The US Retirement Market, Third Quarter 2017." Components may not add to the total because of rounding.
Sources: Investment Company Institute, Federal Reserve Board, Department of Labor, National Association of Government Defined Contribution Administrators, American Council of Life Insurers, and Internal Revenue Service Statistics of Income Division
Retirement market assets grew across all categories in the third quarter of 2017. Assets in individual retirement accounts (IRAs) totaled $8.6 trillion at the end of the third quarter of 2017, an increase of 2.7 percent from the end of the second quarter. Defined contribution (DC) plan assets rose 2.5 percent in the third quarter of 2017 to $7.7 trillion. Government defined benefit (DB) plans— including federal, state, and local government plans—held $5.8 trillion in assets as of the end of September, a 2.3 percent increase from the end of June. Private-sector DB plans held $3.1 trillion in assets at the end of the third quarter of 2017, and annuity reserves outside of retirement accounts were $2.2 trillion.
Retirement Assets by Type
Billions of dollars, end-of-period, 2017:Q2–2017:Q3
e Data are estimated.
Sources: Investment Company Institute and Federal Reserve Board
Defined Contribution Plans
Americans held $7.7 trillion in all employer-based DC retirement plans on September 30, 2017, of which $5.3 trillion was held in 401(k) plans. In addition to 401(k) plans, at the end of the third quarter, $585 billion was held in other private-sector DC plans, $967 billion in 403(b) plans, $305 billion in 457 plans, and $543 billion in the Federal Employees Retirement System’s Thrift Savings Plan (TSP). Mutual funds managed $3.5 trillion, or 65 percent, of assets held in 401(k) plans at the end of September 2017. With nearly $2.1 trillion, equity funds were the most common type of funds held in 401(k) plans, followed by $954 billion in hybrid funds, which include target date funds.
401(k) Plan Assets
Billions of dollars, end-of-period, selected periods
Sources: Investment Company Institute, Federal Reserve Board, and Department of Labor
Individual Retirement Accounts
IRAs held $8.6 trillion in assets at the end of the third quarter of 2017. Forty-eight percent of IRA assets, or $4.1 trillion, was invested in mutual funds. With $2.3 trillion, equity funds were the most common type of funds held in IRAs, followed by $906 billion in hybrid funds.
IRA Market Assets
Billions of dollars, end-of-period, selected periods
e Data are estimated.
Sources: Investment Company Institute, Federal Reserve Board, American Council of Life Insurers, and Internal Revenue Service Statistics of Income Division
Other Developments
Target date mutual fund assets grew 5.0 percent in the third quarter, reaching $1.1 trillion at the end of September 2017. Retirement accounts held the bulk of target date mutual fund assets. Eighty-seven percent of these assets were held through DC plans (67 percent) and IRAs (20 percent).
Target Date Mutual Fund Assets
Billions of dollars, end-of-period, selected periods
Note: Components may not add to the total because of rounding.
Source: Investment Company Institute
The quarterly retirement data tables are available at “The US Retirement Market, Third Quarter 2017.”
