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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 11042.9 | 12025.7 | 10052.7 | 10927.3 | 11329.7 | 12025.7 | 12280.7 | 12753.5 | 12740.7 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 24.1 | 32.2 | 26.8 | 28.7 | 30.5 | 32.2 | 32.7 | 34.1 | 35.2 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 14.5 | 7.2 | 13.4 | 11.5 | 9.5 | 7.2 | 5.9 | 6.7 | 6.7 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 179.7 | 222.4 | 195.0 | 204.9 | 214.6 | 222.4 | 225.1 | 231.6 | 237.4 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 15.8 | 21.1 | 16.7 | 18.1 | 19.5 | 21.1 | 21.9 | 23.4 | 24.7 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1565.8 | 1723.9 | 1601.1 | 1678.3 | 1692.1 | 1723.9 | 1642.8 | 1694.7 | 1703.8 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 35.1 | 34.6 | 35.5 | 35.3 | 35.0 | 34.6 | 34.2 | 33.7 | 33.2 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 440.0 | 555.2 | 505.5 | 524.5 | 543.1 | 555.2 | 533.1 | 558.8 | 570.5 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 224.1 | 252.3 | 245.9 | 238.0 | 244.8 | 252.3 | 250.2 | 260.3 | 266.7 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 866.5 | 881.8 | 814.2 | 880.6 | 869.2 | 881.8 | 825.2 | 841.9 | 833.4 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 23.2 | 17.8 | 21.5 | 20.3 | 19.0 | 17.8 | 17.4 | 16.4 | 15.6 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 2961.8 | 3343.0 | 2286.3 | 2753.5 | 2960.5 | 3343.0 | 3532.2 | 3775.9 | 3724.1 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4307.6 | 4723.8 | 3567.8 | 4100.1 | 4315.7 | 4723.8 | 4870.4 | 5127.8 | 5083.0 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1950.4 | 1934.3 | 2323.9 | 2112.0 | 2068.4 | 1934.3 | 1932.4 | 1843.0 | 1910.1 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 592.1 | 615.6 | 562.4 | 588.1 | 595.5 | 615.6 | 615.0 | 629.2 | 626.2 | 15 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 70.2 | 79.4 | 76.6 | 73.7 | 70.2 | 67.9 | 64.3 | 61.0 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 404.8 | 218.9 | 760.1 | 488.7 | 403.9 | 218.9 | 206.5 | 77.8 | 127.6 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 873.4 | 1029.6 | 921.9 | 958.6 | 995.2 | 1029.6 | 1042.9 | 1071.7 | 1095.2 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 11079.4 | 12062.2 | 10089.2 | 10963.9 | 11366.3 | 12062.2 | 12317.3 | 12790.1 | 12777.2 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3660.9 | 3702.1 | 3671.7 | 3682.0 | 3692.0 | 3702.1 | 3712.1 | 3722.2 | 3732.2 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3256.1 | 3483.2 | 2911.6 | 3193.4 | 3288.1 | 3483.2 | 3505.6 | 3644.3 | 3604.6 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 404.8 | 218.9 | 760.1 | 488.7 | 403.9 | 218.9 | 206.5 | 77.8 | 127.6 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3624.4 | 3665.5 | 3635.2 | 3645.5 | 3655.5 | 3665.5 | 3675.6 | 3685.6 | 3695.7 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 7418.5 | 8360.2 | 6417.5 | 7281.8 | 7674.2 | 8360.2 | 8605.2 | 9067.9 | 9045.0 | 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: December 9, 2021