U.S. retirement assets grew in the third quarter of 2017, according to a recent report, reaching $27.2 trillion by Sept. 30. So broad was the growth, in fact, that virtually every kind of retirement plan/asset category showed improvement from the second quarter.
According to the Investment Company Institute (ICI), assets in private sector and government defined benefit plans, defined contribution plans, IRAs, and annuities grew in the third quarter of 2017.
The assets contained in IRAs grew the most. Growth in the retirement plan categories occurred in this way:
According to the Investment Company Institute (ICI), assets in private sector and government defined benefit plans, defined contribution plans, IRAs, and annuities grew in the third quarter of 2017.
The assets contained in IRAs grew the most. Growth in the retirement plan categories occurred in this way:
| Category | 2nd Q of 2017 | 3rd Q of 2017 | Growth, Q2 to Q3 |
| IRAs | $8.354 trillion | $8.581 trillion | +$237 billion |
| DC plans | $7.491 trillion | $7.675 trillion | +$184 billion |
| 401(k) plans | $5.275 trillion | $5.140 trillion | +$135 billion |
| Government DB plans | $5.651 trillion | $5.781 trillion | +$130 billion |
| Private DB plans | $3.010 trillion | $3.056 trillion | +$46 billion |
| Annuity reserves | $2.120 trillion | $2.152 trillion | +$32 billion |
And the news is even better than that — U.S. retirement assets have been growing consistently since the start of 2015. Not only that, the figure by the end of the third quarter of 2017 was almost 2.5 times higher than where retirement assets stood at the end of 2000.
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