SURVEY |

2023
Recordkeeping Survey

Reported by PLANSPONSOR | Art by Jam Dong
Industry Snapshot
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Industry Snapshot

401(k) Plans

Total assets

Total plans

Total participants

720,902

83,520,588

$6.43T

Total 401(k) Plan Assets

2013
$3.19T
2015
$4.29T
2017
$4.27T
2019
$4.93T
2021
$6.81T
2022
$7.58T
2023
$6.42T

Total 401(k) Plans

2013
461,132
2015
499,337
2017
531,749
2019
545,041
2021
612,130
2022
621,473
2023
720,902

Total 401(k) Plan Participants

2013
56.1MM
2015
60.7MM
2017
60.3MM
2019
70.1MM
2021
76.0MM
2022
78.2MM
2023
83.5MM