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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 24467.3 | 25989.2 | 27612.4 | 25093.2 | 25989.2 | 26363.0 | 26983.0 | 27051.3 | 27612.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.9 | 60.5 | 73.5 | 52.2 | 60.5 | 57.8 | 60.2 | 69.5 | 73.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 18.7 | 9.3 | 8.3 | 11.6 | 9.3 | 8.0 | 8.9 | 8.7 | 8.3 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 203.3 | 243.6 | 269.7 | 243.6 | 243.6 | 247.8 | 252.1 | 265.5 | 269.7 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 22.5 | 28.9 | 45.8 | 22.4 | 28.9 | 40.3 | 47.9 | 41.2 | 45.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4698.0 | 5096.6 | 5334.5 | 4930.3 | 5096.6 | 5002.5 | 5145.4 | 4955.8 | 5334.5 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 47.5 | 43.0 | 51.5 | 45.1 | 43.0 | 49.3 | 51.8 | 50.3 | 51.5 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2920.6 | 3194.2 | 3480.2 | 3054.3 | 3194.2 | 3161.5 | 3249.0 | 3096.2 | 3480.2 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 401.4 | 423.4 | 409.1 | 430.4 | 423.4 | 410.9 | 409.9 | 416.0 | 409.1 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1328.5 | 1436.0 | 1393.6 | 1400.5 | 1436.0 | 1380.8 | 1434.6 | 1393.2 | 1393.6 | 11 |
| Pension funds; loans; asset | FL594023005 | 31.1 | 25.1 | 32.8 | 26.7 | 25.1 | 25.2 | 24.2 | 204.1 | 32.8 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0.0 | 0.0 | 9.9 | 0.0 | 0.0 | 0.0 | 0.0 | 180.6 | 9.9 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 31.1 | 25.1 | 23.0 | 26.7 | 25.1 | 25.2 | 24.2 | 23.6 | 23.0 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5856.0 | 6643.8 | 7848.2 | 5875.1 | 6643.8 | 6991.9 | 7466.4 | 7363.7 | 7848.2 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4690.6 | 5166.8 | 5741.5 | 4687.8 | 5166.8 | 5304.5 | 5577.3 | 5533.4 | 5741.5 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8900.1 | 8714.7 | 8258.0 | 9243.6 | 8714.7 | 8685.0 | 8400.6 | 8609.4 | 8258.0 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 846.2 | 880.6 | 914.4 | 855.8 | 880.6 | 881.7 | 901.2 | 896.1 | 914.4 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 69.7 | 57.0 | 73.4 | 69.7 | 67.3 | 63.6 | 60.4 | 57.0 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6284.2 | 5917.0 | 5227.9 | 6532.5 | 5917.0 | 5853.3 | 5494.6 | 5627.0 | 5227.9 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1689.6 | 1847.4 | 2058.8 | 1781.9 | 1847.4 | 1882.8 | 1941.2 | 2025.8 | 2058.8 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 24645.5 | 26161.0 | 27827.1 | 25271.9 | 26161.0 | 26552.4 | 27184.3 | 27258.4 | 27827.1 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16110.8 | 16549.9 | 16992.2 | 16438.5 | 16549.9 | 16661.0 | 16771.2 | 16881.7 | 16992.2 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9826.6 | 10632.9 | 11764.3 | 9905.9 | 10632.9 | 10807.7 | 11276.6 | 11254.7 | 11764.3 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6284.2 | 5917.0 | 5227.9 | 6532.5 | 5917.0 | 5853.3 | 5494.6 | 5627.0 | 5227.9 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 38294.8 | 41428.7 | ND | 39339.6 | 41428.7 | 42173.1 | 43578.5 | 43582.9 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16110.8 | 16549.9 | 16992.2 | 16438.5 | 16549.9 | 16661.0 | 16771.2 | 16881.7 | 16992.2 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 8534.8 | 9611.1 | 10834.8 | 8833.4 | 9611.1 | 9891.4 | 10413.1 | 10376.6 | 10834.8 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 10850.0 | 12210.0 | ND | 11190.0 | 12210.0 | 12555.0 | 13237.0 | 13163.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2799.3 | 3057.8 | ND | 2877.7 | 3057.8 | 3065.7 | 3157.2 | 3161.5 | 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: March 10, 2022