The Charles Schwab Corporation has released its latest SDBA Indicators Report, highlighting activity in self-directed brokerage accounts (SDBAs) within retirement plans for the first quarter of 2025. The average account balance across all participant accounts concluded at $335,857, marking a 4.7% decrease from the fourth quarter of 2024, but a 2.3% increase year-over-year. This decline is attributed to macroeconomic uncertainty and increased market volatility, which saw the S&P 500 fall by 5% during the quarter. In terms of asset allocation, equities maintained the majority at 33.4%, with Information Technology being the largest sector holding at 35.9%. Key equity holdings included Apple (9.7%), Nvidia (9.3%), Tesla (6.0%), Amazon (4.7%), and Microsoft (3.2%). Mutual funds represented 27.3% of holdings, led by large-cap stock funds at 33.2%. Exchange-traded funds (ETFs) accounted for 27.0% of assets, with the highest allocation in US equity at 50.7%. The report noted higher trading volumes, averaging 15.9 trades per account, and advised accounts exhibited larger average balances of $525,213 compared to $293,605 for non-advised accounts. Gen X participants represented the largest share of advised accounts at 52.3% and SDBA participants at 46.9%, followed by Millennials and Baby Boomers. Notably, Boomers held the highest average account balances at $560,250. Overall, participants held an average of 11.8 positions in their SDBAs, consistent with the previous quarter.