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 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22661.3 | 24485.8 | 25981.0 | 23483.9 | 24575.1 | 25129.8 | 25981.0 | 26398.3 | 27036.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.1 | 47.8 | 60.7 | 49.7 | 50.1 | 52.3 | 60.7 | 56.7 | 58.4 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 32.1 | 19.0 | 9.5 | 17.7 | 14.2 | 11.9 | 9.5 | 8.4 | 8.6 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 218.2 | 200.4 | 247.1 | 224.9 | 232.8 | 242.1 | 247.1 | 254.0 | 260.1 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.0 | 22.7 | 29.2 | 23.2 | 22.2 | 22.1 | 29.2 | 41.9 | 47.6 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4453.3 | 4714.1 | 5118.2 | 4759.9 | 4866.6 | 4950.3 | 5118.2 | 5019.3 | 5135.7 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 89.7 | 45.9 | 43.5 | 49.4 | 44.3 | 44.2 | 43.5 | 50.9 | 51.3 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2779.3 | 2935.4 | 3206.7 | 3000.1 | 2989.5 | 3074.6 | 3206.7 | 3197.4 | 3263.6 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 355.7 | 402.2 | 457.2 | 434.9 | 434.8 | 453.3 | 457.2 | 453.3 | 472.5 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 4.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1224.5 | 1330.5 | 1410.8 | 1275.5 | 1398.0 | 1378.2 | 1410.8 | 1317.7 | 1348.3 | 11 |
| Pension funds; loans; asset | FL594023005 | 36.1 | 31.6 | 25.6 | 30.4 | 28.4 | 27.4 | 25.6 | 25.7 | 24.6 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 36.1 | 31.6 | 25.6 | 30.4 | 28.4 | 27.4 | 25.6 | 25.7 | 24.6 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5218.6 | 5909.5 | 6623.5 | 4738.7 | 5472.0 | 5912.0 | 6623.5 | 6980.3 | 7467.3 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4041.5 | 4682.3 | 5169.3 | 3873.6 | 4455.1 | 4688.4 | 5169.3 | 5289.3 | 5574.3 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8608.3 | 8858.4 | 8697.9 | 9765.8 | 9433.8 | 9223.2 | 8697.9 | 8722.6 | 8459.7 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 788.4 | 845.9 | 885.7 | 810.3 | 843.6 | 857.9 | 885.7 | 886.6 | 909.0 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 80.1 | 70.2 | 79.4 | 76.6 | 73.7 | 70.2 | 67.9 | 64.3 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6771.6 | 6236.3 | 5934.5 | 7221.1 | 6735.8 | 6519.5 | 5934.5 | 5921.0 | 5603.7 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 963.6 | 1696.1 | 1807.6 | 1654.9 | 1777.7 | 1772.0 | 1807.6 | 1847.1 | 1882.7 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22767.1 | 24645.2 | 26164.1 | 23630.3 | 24720.7 | 25275.3 | 26164.1 | 26556.7 | 27199.9 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15591.2 | 16110.8 | 16549.9 | 16216.8 | 16327.5 | 16438.5 | 16549.9 | 16661.0 | 16771.2 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8819.6 | 9874.5 | 10615.4 | 8995.7 | 9591.7 | 9918.9 | 10615.4 | 10740.0 | 11167.5 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6771.6 | 6236.3 | 5934.5 | 7221.1 | 6735.8 | 6519.5 | 5934.5 | 5921.0 | 5603.7 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34452.1 | 38293.8 | 41425.7 | 35615.5 | 38147.2 | 39339.9 | 41425.7 | 42169.5 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15591.2 | 16110.8 | 16549.9 | 16216.8 | 16327.5 | 16438.5 | 16549.9 | 16661.0 | 16771.2 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7175.9 | 8534.5 | 9614.2 | 7413.4 | 8393.2 | 8836.9 | 9614.2 | 9895.7 | 10428.7 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9135.0 | 10850.0 | 12210.0 | 9365.0 | 10640.0 | 11190.0 | 12210.0 | 12555.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2550.0 | 2798.6 | 3051.6 | 2620.3 | 2786.5 | 2874.6 | 3051.6 | 3057.8 | 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: September 23, 2021