SURVEY |

2023
Recordkeeping Survey

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

403(b) Plans

Total assets

Total plans

Total participants

166,806

18,132,916

$1.28T

Total 403(b) Plan Assets

2013
$667B
2015
$796B
2017
$878B
2019
$992B
2021
$1,264B
2022
$1,405B
2023
$1,277B

Total 403(b) Plans

2013
158,861
2015
184,802
2017
161,797
2019
167,809
2021
194,349
2022
147,863
2023
166,806

Total 403(b) Plan Participants

2013
11.1MM
2015
15.6MM
2017
16.4MM
2019
17.6MM
2021
17.9MM
2022
17.5MM
2023
18.1MM