"Americans held $45.8 trillion in individual retirement accounts, 401(k)s, pension funds and annuities in mid-2025. That was nearly double the total from a decade earlier, the Times reported, citing data from the Investment Company Institute. Strong market performance fueled much of the growth, but higher participation and contribution rates in workplace plans also played a role. Most new assets have flowed into 401(k)s and individual retirement accounts."
"That's where a lot of the action is now, and a lot of the competition as people transition into retirement, Brady told the Times. Among workers who have access to a 401(k), participation has climbed to 85%, according to Vanguard. The average savings rate reached 7.7% of wages in 2024 helped by automatic enrollment and automatic increases in contributions. Combined employee and employer contributions now average about 12% of pay, up from 10.8% in 2015."
Retirement assets expanded to $45.8 trillion in mid-2025, nearly double a decade earlier, fueled by strong market returns and rising workplace-plan participation and contributions. Most new inflows concentrated in 401(k)s and IRAs, with IRAs outpacing workplace plans for five consecutive years largely due to rollovers as baby boomers retire. Participation among workers with 401(k) access rose to 85%, average savings reached 7.7% of wages in 2024, and combined contributions average about 12% of pay. Target-date funds dominate participant allocations. Retirement ages and Social Security claiming have increased, while costs and unequal access shape uneven aging outcomes.
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