“Employer-sponsored retirement plans (DB and DC plans sponsored by private-sector and government employers), IRAs (including rollovers), and annuities play an important role in the U.S. retirement system, with assets totaling $23.0 trillion at year-end 2013, up from year-end 2012 (Figure 7.4). The largest components of retirement assets were IRAs and employer-sponsored DC plans, holding $6.5 trillion and $5.9 trillion, respectively, at year-end 2013. Other employer-sponsored plans include private-sector DB pension funds ($3.0 trillion), state and local government employee retirement plans ($3.9 trillion), and federal government plans—which include both federal employees’ DB plans and the Thrift Savings Plan ($1.8 trillion). In addition, annuity reserves outside of retirement plans were $2.0 trillion at year-end 2013.”
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