(Image: Shutterstock)
According to Charles Schwab's SDBA Indicators Report, an industry-leading benchmark on retirement plan participant investment activity within self-directed brokerage accounts (SDBAs), the average account balance across all participant accounts finished at $273,412 for the third quarter ending September 30 — down 3.55% from the second quarter of 2022 and down 19.84% year-over-year.
SDBAs are brokerage accounts within retirement plans, including 401(k)s and other types of retirement plans, that employees can use to invest retirement savings in individual stocks and bonds, as well as exchange-traded funds (ETFs), mutual funds, and other securities that are not part of their retirement plan's core investment offerings. Gen Xers made up approximately 46% of SDBA participants, followed by baby boomers (30%) and millennials (19%).
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
