The U.S. retirement market was valued at $27.2 trillion at theend of the third quarter this year, according to the InvestmentCompany Institute.
|That marked a full $1 trillion gain from the end of the secondquarter in 2017, and nearly $10 trillion more than at the end of2010.
|Government and private sector-sponsored defined benefit plans,defined contribution plans, IRAs, and annuity reserves are countedby the ICI. Social Security benefits are not.
|IRAs held $8.6 trillion at the end of the third quarter,representing the largest swath of the retirement market, anincrease of 2.7 percent from the end of the second quarter, and upfrom $5 trillion in 2010.
|About half of IRA assets are held in mutual funds, with $2.3trillion being managed in equity funds.
|Defined contribution plans held 7.7 trillion, up 2.5 percentfrom the second quarter, for an increase of nearly $3 trillionsince 2010. 401(k) plans held $5.3 trillion.
|Mutual funds accounted for $3.5 trillion, or 65 percent of theassets in 401(k) plans, with $2.1 trillion held in equityfunds.
|Strong equity markets have continued to stretch total retirementsavings assets into new record territory. The Dow Jones StockExchange is up more than 25 percent in 2017.
|Target-date funds reached $1.1 trillion in assets by the end ofthe third quarter, up 5 percent from the previous quarter.
|About 67 percent of TDF assets are held in defined contributionplans, and another 20 percent held in IRAs.
|The $708 billion in TDFs held in DC plans represents perhaps themost stratospheric assent for any investment vehicle in retirementplans. In 2010, TDFs in DC plans held just $240 billion.
|Private sector defined benefit plans held $3.1 trillion at theend of third quarter.
|In 2000, private sector defined benefits accounted for 17percent of what was then an $11.6 trillion retirement market.
|Today, the plans account for about 11 percent of totalretirement assets.
|As a percentage of total assets, defined contribution plans haveincreased marginally over the past two decades.
|In 2000, DC plans accounted for 26 percent of what was then an$11.6 trillion retirement market.
|Today DC plans account for 28 percent of the $27.2 trillionretirement market.
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