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 | 2017 | 2018 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22632.5 | 22593.4 | 24219.9 | 25641.7 | 23199.6 | 24263.0 | 24792.9 | 25641.7 | 26034.7 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 53.0 | 46.1 | 40.5 | 46.4 | 39.8 | 38.3 | 38.6 | 46.4 | 47.4 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 37.5 | 32.1 | 34.1 | 31.2 | 34.0 | 32.2 | 31.6 | 31.2 | 30.7 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 221.0 | 218.2 | 180.6 | 185.0 | 192.4 | 190.5 | 190.2 | 185.0 | 185.0 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.6 | 7.0 | 9.3 | 10.1 | 8.9 | 6.4 | 4.9 | 10.1 | 10.3 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4099.8 | 4453.3 | 4747.4 | 5187.0 | 4787.8 | 4907.8 | 5014.4 | 5187.0 | 5047.5 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 96.9 | 89.7 | 48.0 | 42.8 | 51.3 | 46.2 | 46.0 | 42.8 | 41.9 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2370.6 | 2779.3 | 2913.1 | 3157.2 | 2963.8 | 2948.4 | 3026.3 | 3157.2 | 3112.1 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 312.3 | 355.7 | 405.6 | 443.9 | 432.4 | 423.5 | 439.6 | 443.9 | 444.0 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 3.4 | 4.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1316.6 | 1224.5 | 1380.6 | 1543.0 | 1340.2 | 1489.7 | 1502.4 | 1543.0 | 1449.5 | 11 |
| Pension funds; loans; asset | FL594023005 | 185.2 | 36.1 | 33.5 | 35.0 | 34.6 | 34.2 | 34.8 | 35.0 | 35.2 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 151.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 33.6 | 36.1 | 33.5 | 35.0 | 34.6 | 34.2 | 34.8 | 35.0 | 35.2 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5744.0 | 5218.6 | 6060.4 | 6669.5 | 4925.7 | 5624.3 | 6052.3 | 6669.5 | 6949.8 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4368.0 | 4041.5 | 4611.7 | 5025.7 | 3823.7 | 4374.9 | 4592.5 | 5025.7 | 5186.2 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7916.4 | 8540.4 | 8502.4 | 8451.7 | 9352.7 | 9054.4 | 8833.5 | 8451.7 | 8542.6 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 805.3 | 788.4 | 843.6 | 877.8 | 806.7 | 833.2 | 848.8 | 877.8 | 877.2 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 119.3 | 84.7 | 83.8 | 76.7 | 87.0 | 83.1 | 80.2 | 76.7 | 75.1 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6020.6 | 6703.7 | 5945.6 | 5742.4 | 6913.5 | 6493.9 | 6288.4 | 5742.4 | 5775.9 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 971.2 | 963.6 | 1629.4 | 1754.8 | 1545.6 | 1644.3 | 1616.2 | 1754.8 | 1814.3 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22754.0 | 22699.2 | 24378.2 | 25822.6 | 23345.0 | 24407.7 | 24937.5 | 25822.6 | 26219.5 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15188.9 | 15523.3 | 15880.9 | 16226.7 | 15963.6 | 16051.2 | 16138.5 | 16226.7 | 16314.5 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9168.3 | 8819.6 | 9935.3 | 10484.3 | 9050.1 | 9557.3 | 9850.2 | 10484.3 | 10538.6 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6020.6 | 6703.7 | 5945.6 | 5742.4 | 6913.5 | 6493.9 | 6288.4 | 5742.4 | 5775.9 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34767.6 | 34385.2 | 38029.0 | 41096.0 | 35330.8 | 37847.7 | 39017.2 | 41096.0 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15188.9 | 15523.3 | 15880.9 | 16226.7 | 15963.6 | 16051.2 | 16138.5 | 16226.7 | 16314.5 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7565.1 | 7175.9 | 8497.3 | 9595.9 | 7381.3 | 8356.5 | 8798.9 | 9595.9 | 9905.0 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9439.0 | 9135.0 | 10850.0 | 12210.0 | 9365.0 | 10640.0 | 11190.0 | 12210.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2574.6 | 2551.0 | 2800.9 | 3063.4 | 2620.8 | 2800.0 | 2889.7 | 3063.4 | 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: June 10, 2021