Total assets of retirement defined contribution plans in the U.S. 2000-2022
The total assets of retirement defined contribution (DC) plans in the United States grew overall since 2000, except for a drop in 2018. In a DC plan, a proportion of the employee's salary is placed in a chosen investment offered by the plan, and the plan is mainly funded by the employee. The most common DC plan in the United States is the 401(k) plan. Total assets of retirement defined contribution plans reached an estimated value of around 9.25 trillion U.S. dollars in the second quarter of 2022.
