U.S. retirement assets totaled $24.8 trillion for the quarter ended June 30, relatively unchanged from $24.9 trillion at the end of the previous quarter, said the Investment Company Institute’s most recent quarterly report.
The report looks at government defined benefit plans, corporate DB plans, defined contribution plans, annuity reserves and individual retirement accounts.
Assets in defined contribution plans rose slightly to $6.8 trillion, up 0.4% from the quarter ended March 31. Of the $6.8 trillion, $4.7 trillion was held in 401(k) plans; $872 billion in 403(b) plans; $537 billion in other corporate defined benefit plans, $441 billion in the Federal Retirement Thrift Savings Plan, Washington; and $266 billion in 457 plans.
Public defined benefit and corporate DB assets declined slightly from the first quarter — down 0.27% and 0.77% in the quarter, respectively, to $5.223 trillion and $2.975 trillion.
IRA assets climbed 0.38% to an estimated $7.6 trillion at the end of the second quarter. The remaining assets were in annuity reserves.
