On March 20, 2019, the Investment Company (ICI) released the 2018 fourth quarter report that details retirement asset totals reached $27.1 trillion.
Here are more details from the 4th quarter report:
- The 4th quarter numbers were lower by 7.4 percent vs the prior September ending quarter, and down 4.7 percent for the year.
- Retirement assets accounted for 32 percent of all household financial assets in the United States at the end of December 2018.
- Assets in individual retirement accounts (IRAs) totaled $8.8 trillion at the end of the fourth quarter of 2018, a decrease of 8.1 percent from the end of the third quarter of 2018.
- Defined contribution (DC) plan assets (note the solo 401k plans fall under this category) were $7.5 trillion at the end of the fourth quarter, down 8.0 percent from September 30, 2018.
- Government defined benefit (DB) plans—including federal, state, and local government plans—held $5.7 trillion in assets as of the end of December 2018, a 5.7 percent decrease from the end of September 2018.
- Americans held $7.5 trillion in all employer-sponsored DC retirement plans on December 31, 2018, of which $5.2 trillion was held in 401(k) plans. In addition to 401(k) plans, at the end of the fourth quarter, $500 billion was held in other private-sector DC plans, $930 billion in 403(b) plans, $309 billion in 457 plans, and $570 billion in the Federal Employees Retirement System’s Thrift Savings Plan (TSP).
To see the third quarter of 2018 figures, VISIT HERE.