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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3624.4 | 3665.5 | 3635.2 | 3645.5 | 3655.5 | 3665.5 | 3675.6 | 3685.6 | 3695.7 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 8.9 | 8.5 | 8.8 | 8.7 | 8.6 | 8.5 | 8.5 | 8.4 | 8.3 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 10.2 | 1.5 | 8.7 | 6.4 | 4.1 | 1.5 | 0.1 | 0.7 | 0.6 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 41.8 | 43.6 | 42.1 | 42.6 | 43.1 | 43.6 | 43.9 | 44.4 | 44.9 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 15.8 | 21.1 | 16.7 | 18.1 | 19.5 | 21.1 | 21.9 | 23.4 | 24.7 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1104.6 | 1147.2 | 1099.2 | 1140.9 | 1134.4 | 1147.2 | 1086.0 | 1112.5 | 1111.6 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 25.1 | 21.4 | 24.4 | 23.4 | 22.5 | 21.4 | 20.8 | 19.7 | 18.8 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 269.8 | 301.9 | 295.8 | 298.7 | 301.5 | 301.9 | 288.3 | 297.6 | 300.5 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 133.0 | 121.2 | 138.1 | 122.2 | 121.3 | 121.2 | 119.1 | 121.1 | 121.9 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 676.8 | 702.7 | 640.8 | 696.6 | 689.2 | 702.7 | 657.9 | 674.1 | 670.4 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.1 | 13.4 | 14.0 | 13.8 | 13.6 | 13.4 | 13.3 | 13.1 | 12.9 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1210.1 | 1388.7 | 941.3 | 1142.0 | 1232.7 | 1388.7 | 1466.5 | 1563.3 | 1535.1 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 360.9 | 366.2 | 296.8 | 332.6 | 342.3 | 366.2 | 371.8 | 382.7 | 371.4 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 858.0 | 675.2 | 1207.6 | 940.4 | 857.1 | 675.2 | 663.5 | 537.2 | 586.2 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 60.9 | 63.2 | 55.1 | 59.0 | 60.2 | 63.2 | 63.6 | 65.8 | 64.9 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 41.4 | 24.1 | 38.3 | 33.8 | 29.2 | 24.1 | 21.3 | 16.4 | 12.2 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 404.8 | 218.9 | 760.1 | 488.7 | 403.9 | 218.9 | 206.5 | 77.8 | 127.6 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 350.9 | 369.0 | 354.2 | 358.9 | 363.7 | 369.0 | 372.0 | 377.1 | 381.5 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3660.9 | 3702.1 | 3671.7 | 3682.0 | 3692.0 | 3702.1 | 3712.1 | 3722.2 | 3732.2 | 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: December 9, 2021