Financial Accounts of the United States - Z.1
L.118 Private Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 13164.7 | 11689.4 | 12891.6 | 11296.9 | 11689.4 | 12079.9 | 12437.3 | 12199.9 | 12891.6 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 24.5 | 24.3 | 24.2 | 24.4 | 24.3 | 24.4 | 24.4 | 24.3 | 24.2 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 17.3 | 18.2 | 19.2 | 17.9 | 18.2 | 18.4 | 18.7 | 19 | 19.2 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 212 | 226.1 | 240.3 | 221.6 | 226.1 | 228.7 | 232.6 | 236.3 | 240.3 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.7 | 19.6 | 20.6 | 19.4 | 19.6 | 19.9 | 20.2 | 20.4 | 20.6 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1821 | 1679.1 | 1908.6 | 1606.3 | 1679.1 | 1778.3 | 1814.6 | 1779.6 | 1908.6 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 41.7 | 44 | 46.4 | 43.4 | 44 | 44.6 | 45.3 | 45.8 | 46.4 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 507.8 | 508.1 | 613.7 | 477.6 | 508.1 | 562.4 | 590.2 | 574.8 | 613.7 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 259.2 | 250.7 | 274 | 244.5 | 250.7 | 258.2 | 260.2 | 261.1 | 274 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 1012.2 | 876.4 | 974.5 | 840.8 | 876.4 | 913.1 | 919 | 897.9 | 974.5 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 25.5 | 26.2 | 27.1 | 26 | 26.2 | 26.5 | 26.7 | 26.9 | 27.1 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3869.8 | 2933 | 3463.2 | 2780 | 2933 | 3083.2 | 3285.4 | 3134 | 3463.2 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 5430.1 | 4385 | 5038.1 | 4152.3 | 4385 | 4622.7 | 4804.6 | 4632.1 | 5038.1 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1745.9 | 2377.9 | 2150.2 | 2448.9 | 2377.9 | 2277.8 | 2210.1 | 2327.3 | 2150.2 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 640.4 | 593.3 | 613.8 | 580.2 | 593.3 | 605.8 | 613.5 | 606.2 | 613.8 | 15 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 70.9 | 68.9 | 66 | 69.1 | 68.9 | 67.8 | 66.9 | 66.5 | 66 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 53.4 | 720.1 | 458 | 806.4 | 720.1 | 616.3 | 541.8 | 654.8 | 458 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 981.1 | 995.6 | 1012.3 | 993.2 | 995.6 | 988 | 988 | 999.8 | 1012.3 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 13203.1 | 11729 | 12932.4 | 11336.2 | 11729 | 12119.8 | 12477.5 | 12240.3 | 12932.4 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3714 | 3765.3 | 3796.1 | 3752.4 | 3765.3 | 3773 | 3780.7 | 3788.4 | 3796.1 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3660.5 | 3045.2 | 3338.1 | 2946.1 | 3045.2 | 3156.7 | 3238.9 | 3133.6 | 3338.1 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 53.4 | 720.1 | 458 | 806.4 | 720.1 | 616.3 | 541.8 | 654.8 | 458 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3675.5 | 3725.6 | 3755.3 | 3713.1 | 3725.6 | 3733 | 3740.5 | 3747.9 | 3755.3 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 9489.2 | 7963.7 | 9136.2 | 7583.8 | 7963.7 | 8346.8 | 8696.8 | 8451.9 | 9136.2 | 24 |
NOTES
- Private defined benefit plans and defined contribution plans (including 401(k) type plans).
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Additional detail on defined benefit plans is available on tables L.118.b.
- Additional detail on defined contribution plans is available on table L.118.c.
Last Update: March 7, 2024