Financial Accounts of the United States - Z.1
L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22592.3 | 24233.4 | 25666.3 | 23722.6 | 24233.4 | 23213.4 | 24253.3 | 24777.4 | 25666.3 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.1 | 37.7 | 34.9 | 45.2 | 37.7 | 39.7 | 34.2 | 36.1 | 34.9 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 32.1 | 34.2 | 31.6 | 31.8 | 34.2 | 34.0 | 32.6 | 31.9 | 31.6 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 218.2 | 180.7 | 185.2 | 179.3 | 180.7 | 192.5 | 191.0 | 186.1 | 185.2 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.0 | 9.4 | 2.8 | 14.2 | 9.4 | 8.9 | 7.0 | 5.1 | 2.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4453.5 | 4747.6 | 5158.1 | 4650.9 | 4747.6 | 4759.2 | 4859.4 | 5011.0 | 5158.1 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 89.7 | 48.1 | 46.4 | 49.4 | 48.1 | 51.3 | 42.7 | 46.9 | 46.4 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2779.0 | 2914.0 | 3135.5 | 2805.4 | 2914.0 | 2945.3 | 2888.7 | 3015.6 | 3135.5 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 356.0 | 406.4 | 444.3 | 412.8 | 406.4 | 428.6 | 436.4 | 445.4 | 444.3 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 4.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1224.8 | 1379.0 | 1531.9 | 1383.2 | 1379.0 | 1334.0 | 1491.6 | 1503.1 | 1531.9 | 11 |
| Pension funds; loans; asset | FL594023005 | 36.1 | 49.4 | 36.1 | 57.0 | 49.4 | 50.3 | 35.3 | 35.7 | 36.1 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0.0 | 15.8 | 0.0 | 23.1 | 15.8 | 15.7 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 36.1 | 33.5 | 36.1 | 33.9 | 33.5 | 34.6 | 35.3 | 35.7 | 36.1 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5218.6 | 6055.9 | 6864.4 | 5687.8 | 6055.9 | 4926.6 | 5544.9 | 6092.0 | 6864.4 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4039.5 | 4613.3 | 4988.0 | 4432.0 | 4613.3 | 3824.0 | 4390.3 | 4577.7 | 4988.0 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8541.1 | 8505.2 | 8365.2 | 8624.4 | 8505.2 | 9378.2 | 9158.5 | 8801.8 | 8365.2 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 789.2 | 843.3 | 877.9 | 830.9 | 843.3 | 805.8 | 833.4 | 849.2 | 877.9 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 83.8 | 76.5 | 86.1 | 83.8 | 87.0 | 83.0 | 80.0 | 76.5 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6703.7 | 5961.1 | 5753.1 | 6255.0 | 5961.1 | 6928.5 | 6513.3 | 6291.4 | 5753.1 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 963.5 | 1617.0 | 1657.7 | 1452.5 | 1617.0 | 1556.9 | 1728.9 | 1581.2 | 1657.7 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22698.1 | 24392.9 | 25816.3 | 23888.6 | 24392.9 | 23359.0 | 24401.5 | 24929.9 | 25816.3 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15523.3 | 15881.0 | 16227.2 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 16138.7 | 16227.2 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8819.6 | 9919.9 | 10474.2 | 9538.9 | 9919.9 | 9035.4 | 9538.2 | 9847.3 | 10474.2 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6703.7 | 5961.1 | 5753.1 | 6255.0 | 5961.1 | 6928.5 | 6513.3 | 6291.4 | 5753.1 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34499.3 | 38219.1 | ND | 37104.7 | 38219.1 | 35504.6 | 37985.1 | 39138.2 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15523.3 | 15881.0 | 16227.2 | 15793.8 | 15881.0 | 15963.9 | 16051.5 | 16138.7 | 16227.2 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7174.8 | 8512.0 | 9589.1 | 8094.8 | 8512.0 | 7395.1 | 8350.0 | 8791.2 | 9589.1 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9250.0 | 11025.0 | ND | 10475.0 | 11025.0 | 9511.0 | 10796.0 | 11343.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2551.2 | 2801.2 | ND | 2741.1 | 2801.2 | 2634.6 | 2787.6 | 2865.3 | ND | 30 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes both marketable and nonmarketable government securities.
- 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.
- Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
- IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 29.
Last Update: March 11, 2021