With the market up, it makes sense that self-directed brokerage accounts in defined contribution plans would be up too.
According to Charles Schwab’s SBDA Indicators Report, the average account balance across all participant accounts finished Q2 2021 at $348,183, a nearly 22% increase year-over-year and a 4.3% increase from Q1 2021.
The majority of participant assets were held in stocks (37%). Mutual funds were the second-largest holding at (30%), followed by ETFs (20%), cash (12%), and fixed income (1%).