8.14.2009 The Investment Company Institute has released a report entitled, “The U.S. Retirement Market, First Quarter 2009.” The report covers assets held in private-sector defined benefit plans, government pension plans, defined contribution plans—including 401(k), 403(b), and 457 plans—annuities, and Individual Retirement Accounts. The report found that Americans held $13.4 trillion in retirement assets at the end of the first quarter of 2009, accounting for 33% of all household financial assets in the United States. The report also found that between December 31, 2008, and March 31, 2009, retirement assets fell 4.4%, from $14.1 trillion to $13.4 trillion. During the first quarter, total return on equities was negative 11.0%, while bonds returned 0.2%, according to the Standard & Poor’s 500 stock index and the Citigroup Broad Investment Grade Bond Index.
Click http://www.ici.org/pressroom/news/09_news_q1_ret_assets to access the release. Click http://www.ici.org/pdf/09_q1_retmrkt_update.pdf to access the report.