Financial Accounts of the United States - Z.1
L.118.b Private Pension Funds Defined Benefit Plans
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3479.4 | 3484.0 | 3498.2 | 3497.7 | 3498.1 | 3498.0 | 3497.9 | 3497.7 | 3497.6 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 9.8 | 8.9 | 8.7 | 8.3 | 8.8 | 8.6 | 8.5 | 8.3 | 8.2 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 31.2 | 26.0 | 25.7 | 24.8 | 25.8 | 25.4 | 25.1 | 24.8 | 24.6 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 37.3 | 31.1 | 30.7 | 29.6 | 30.8 | 30.4 | 30.0 | 29.6 | 29.4 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 2.9 | 2.5 | 2.4 | 2.3 | 2.4 | 2.4 | 2.4 | 2.3 | 2.3 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 980.7 | 1000.4 | 1115.4 | 1229.6 | 1093.1 | 1155.1 | 1181.0 | 1229.6 | 1176.6 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 34.0 | 28.3 | 28.0 | 27.0 | 28.1 | 27.7 | 27.3 | 27.0 | 26.8 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 214.3 | 225.4 | 246.1 | 287.0 | 263.2 | 273.1 | 280.6 | 287.0 | 276.8 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 120.6 | 126.7 | 137.2 | 137.6 | 140.1 | 129.5 | 132.8 | 137.6 | 137.6 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 611.8 | 620.0 | 704.1 | 778.0 | 661.8 | 724.8 | 740.2 | 778.0 | 735.4 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 15.8 | 14.3 | 14.3 | 14.4 | 14.3 | 14.3 | 14.4 | 14.4 | 14.4 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1210.9 | 1055.5 | 1316.4 | 1268.4 | 1046.8 | 1162.4 | 1199.2 | 1268.4 | 1325.8 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 411.5 | 344.9 | 394.4 | 364.0 | 335.6 | 354.5 | 355.5 | 364.0 | 367.4 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 779.3 | 1000.4 | 590.2 | 556.3 | 940.4 | 744.8 | 681.9 | 556.3 | 548.9 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 62.2 | 62.8 | 70.7 | 75.6 | 64.4 | 68.8 | 71.4 | 75.6 | 77.0 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 83.3 | 46.8 | 42.4 | 30.6 | 43.8 | 39.0 | 35.2 | 30.6 | 28.3 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 326.7 | 590.0 | 175.7 | 147.1 | 531.1 | 335.2 | 273.0 | 147.1 | 140.3 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 307.0 | 300.8 | 301.4 | 303.0 | 301.2 | 301.8 | 302.3 | 303.0 | 303.3 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3516.0 | 3520.6 | 3534.7 | 3534.3 | 3534.6 | 3534.5 | 3534.4 | 3534.3 | 3534.2 | 19 |
NOTES
- 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 defined benefit pension entitlements.
Last Update: June 10, 2021