IRA assets swell, thanks to rollovers

Individual retirement accounts (IRAs) remain the biggest segment of the retirement plan market, hitting almost $14 trillion in assets, thanks to 401(k) rollovers.

Over the past 10 years, IRA market share has increased from 31% to 38% and is expected to grow to 41% by 2027, according to  The Cerulli Report—U.S. Retirement Markets 2022: The Role of Workplace Retirement Plans in the War for Talent.

The growth in the IRA market is attributed to rollovers from defined contribution plans, with rollovers accounting for $2.9 trillion in IRA asset growth between 2016 and 2021.

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