Stats Active, passive and flows Retirement assets

Government pensions hold $10.0tn, private ones $3.0tn

IRAs
18.2tn
Government
DB plans
10tn
401(k)
9.9tn
Private
DB plans
3tn
Annuity
reserves
2.6tn
403(b)
1.5tn
Federal TSP
1.1tn

IRAs are the largest single pool. Private sector defined benefit pensions, once the dominant form of US retirement provision, hold less than a sixth of what IRAs do. Source: Investment Company Institute, Q1 2026.

US retirement money arrives automatically from pay, defaults into a fund and buys shares on a schedule. The system holds $47.6 trillion, with $10.0 trillion in government pensions against $3.0 trillion in private sector ones. Outside government, the investment risk sits with the individual.

$47.6tnTotal retirement assets
$10.0tnGovernment DB plans
$3.0tnPrivate sector DB plans
$18.2tnIRAs

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