U.S. Total Retirement Assets Increased in Q3 2024
- According to Investment Company Institute, Total Retirement Market Assets increased to $42.4 trillion in Q3 2024, up from $40.7 trillion in Q2 2024, for an increase of $1.7 trillion. At the end of Q3 2024, retirement assets accounted for 37% of all U.S. household financial assets.
401(k) Plan Assets & IRA Market Assets
- The following two charts outline 401(k) Plan Assets and IRA Market Assets of Mutual Funds and Other Investments in Q3 2024, as reported by Investment Company Institute.
- 401(k) Plan Assets increased to $8.9 trillion in Q3 2024 (including $5.41 trillion invested in mutual funds and $3.49 trillion invested in other investments). This is an increase from $8.47 trillion in Q2 2024 and $8.29 trillion in Q1 2024.
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- IRA Market Assets increased to $15.19 trillion in Q3 2024 from $14.53 trillion in Q2 2024. 43% (or $6.61 trillion) was invested in mutual funds and $8.59 trillion invested in other investments. IRA Market Assets in Q3 2023 totaled $12.57 trillion.
Retirement Accounts by Type
- Retirement assets had the largest composition in IRAs, at $15.19 trillion in Q3 2024, up from $14.53 trillion in Q2 2024, followed by Defined Contribution (“DC”) Plans at $12.48 trillion in Q3 2024, up from $11.92 trillion in Q2 2024.
