The Investment Company Institute published a brief entitled, "Retirement Assets Total $​38.​4 Trillion in Fourth Quarter 2023." It includes data tables showing that money market funds held in retirement accounts jumped to $​758 billion (​up from $​722 billion) in the latest quarter, accounting for 13% of the total $​5.​919 trillion in money funds. MMFs represent just 6.​4% of the total $​11.​887 trillion of mutual funds in retirement accounts. This release says, "Total US retirement assets were $​38.​4 trillion as of December 31, 2023, up 7.​8 percent from September. Retirement assets accounted for 32 percent of all household financial assets in the United States at the end of December 2023. Assets in individual retirement accounts (​IRAs) totaled $​13.​6 trillion at the end of the fourth quarter of 2023, an increase of 7.​9 percent from the end of the third quarter of 2023. Defined contribution (​DC) plan assets were $​10.​6 trillion at the end of the fourth quarter, up 8.​5 percent from September 30, 2023. Government defined benefit (​DB) plans—​including federal, state, and local government plans—​held $​8.​7 trillion in assets as of the end of December 2023, an 8.​0 percent increase from the end of September 2023. Private-​sector DB plans held $​3.​2 trillion in assets at the end of the fourth quarter of 2023, and annuity reserves outside of retirement accounts accounted for another $​2.​4 trillion." The ICI tables also show money funds accounting for $​539 billion, or 10%, of the $​5.​820 trillion in IRA mutual fund assets and $​199 billion, or 3%, of the $​6.​057 trillion in defined contribution plan holdings. (​Money funds in 401k plans totaled $​133 billion, or 3% of the $​4.​800 trillion of mutual funds in 401k'​s.)

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