According to a report published on June 19, 2019 by the Investment Company Institute (ICI), total US retirement assets were $29.1 trillion as of March 31, 2019, up 7.4 percent from December 2018. Retirement assets accounted for 33 percent of all household financial assets in the United States at the end of March 2019.
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
Assets in individual retirement accounts (IRAs) totaled $9.4 trillion at the end of the first quarter of 2019, an increase of 8.3 percent from year-end 2018.
IRAs held $9.4 trillion in assets at the end of the first quarter of 2019. Forty-six percent of IRA assets, or $4.4 trillion, was invested in mutual funds. With $2.4 trillion, equity funds were the most common type of funds held in IRAs, followed by $929 billion in hybrid funds.
Defined Contribution Plans Including Solo 401k plans
Defined contribution (DC) plan assets were $8.2 trillion at the end of the first quarter of 2019, up 8.2 percent from year-end 2018.
Americans held $8.2 trillion in all employer-sponsored DC retirement plans on March 31, 2019, of which $5.7 trillion was held in 401(k) plans
Mutual funds managed $3.7 trillion, or 65 percent, of assets held in 401(k) plans at the end of March 2019. With $2.2 trillion, equity funds were the most common type of funds held in 401(k) plans, followed by $1.0 trillion in hybrid funds, which include target date funds.