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The Markets March 10, 2017
Assets in DC Plans Grew 10% from 2014 to $6.7 Trillion in 2016
Across both DB and DC plans, retirement assets total $19.1 trillion, according to data from a Federal Reserve report on total retirement asset holdings and flows.
Reported by Lee Barney
Across public and private defined benefit (DB) and defined
contribution (DC) plans total assets grew 8% from $17.6 trillion in 2014 to
$19.1 trillion in 2016, according to data from The Federal Reserve.
Total
financial assets in DC plans were $6.7 trillion in 2016, up 10% from $6.1
trillion in 2014. Private DC plan assets in 2016 were $5.7 trillion, up 9.6%
from $5.2 trillion in 2014.
In terms of flows by asset class, for private DC plans, the
most inflows in 2016 were to mutual funds ($24 billion), followed by debt
securities ($22 billion) and corporate and foreign bonds ($12 billion).
For
federal government DC plans, their biggest purchases in 2016 were debt and
Treasury securities (both at $16 billion) and assets in the Thrift Savings Plan
($12 billion). The biggest purchases of state and local DC plans in 2016 were:
unallocated insurance contracts ($8 billion) and miscellaneous assets ($7
billion).