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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 22661.4 | 24455.0 | 25973.5 | 27614.6 | 26352.4 | 26975.2 | 27050.1 | 27614.6 | 27213.9 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.1 | 46.9 | 60.6 | 63.9 | 58.0 | 60.4 | 69.9 | 63.9 | 65.8 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 32.1 | 18.7 | 14.4 | 15.9 | 15.0 | 15.1 | 15.2 | 15.9 | 16.8 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 218.2 | 203.3 | 243.7 | 257.4 | 247.9 | 251.9 | 265.3 | 257.4 | 266.0 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.0 | 22.5 | 28.9 | 56.1 | 40.3 | 47.8 | 40.9 | 56.1 | 62.7 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4453.3 | 4698.0 | 5096.7 | 5328.6 | 5003.0 | 5144.6 | 4952.6 | 5328.6 | 5232.3 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 89.7 | 47.5 | 43.0 | 47.2 | 49.3 | 51.9 | 50.5 | 47.2 | 48.8 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2779.3 | 2920.6 | 3194.3 | 3461.8 | 3161.7 | 3248.5 | 3095.0 | 3461.8 | 3478.5 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 355.7 | 401.4 | 423.5 | 397.8 | 411.1 | 409.8 | 415.4 | 397.8 | 386.9 | 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 | 1328.5 | 1435.9 | 1421.7 | 1380.9 | 1434.4 | 1391.7 | 1421.7 | 1318.1 | 11 |
| Pension funds; loans; asset | FL594023005 | 36.1 | 31.1 | 25.1 | 23.4 | 25.2 | 24.2 | 204.2 | 23.4 | 22.5 | 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 | 180.6 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 36.1 | 31.1 | 25.1 | 23.4 | 25.2 | 24.2 | 23.6 | 23.4 | 22.5 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5218.6 | 5856.0 | 6637.8 | 8023.7 | 6983.3 | 7457.9 | 7357.0 | 8023.7 | 7634.4 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4041.5 | 4690.6 | 5166.6 | 5607.3 | 5307.0 | 5581.6 | 5540.4 | 5607.3 | 5217.8 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8608.4 | 8887.9 | 8699.8 | 8238.2 | 8672.8 | 8391.6 | 8604.6 | 8238.2 | 8695.6 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 788.5 | 826.1 | 855.0 | 890.4 | 857.3 | 879.1 | 877.8 | 890.4 | 882.6 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 84.7 | 80.1 | 69.8 | 58.1 | 67.3 | 64.0 | 61.2 | 58.1 | 56.8 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6771.6 | 6284.2 | 5917.8 | 5179.3 | 5854.9 | 5497.5 | 5629.8 | 5179.3 | 5647.2 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 963.6 | 1697.4 | 1857.3 | 2110.4 | 1893.2 | 1951.0 | 2035.8 | 2110.4 | 2109.0 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 22767.2 | 24633.2 | 26145.3 | 27823.1 | 26541.8 | 27176.5 | 27257.1 | 27823.1 | 27428.2 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15591.2 | 16110.8 | 16550.3 | 16993.8 | 16661.7 | 16772.3 | 16883.3 | 16993.8 | 17102.9 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8819.6 | 9826.6 | 10632.5 | 11814.5 | 10806.8 | 11274.8 | 11253.5 | 11814.5 | 11455.7 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6771.6 | 6284.2 | 5917.8 | 5179.3 | 5854.9 | 5497.5 | 5629.8 | 5179.3 | 5647.2 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 34453.1 | 38401.6 | 41561.7 | 44997.4 | 42333.0 | 43768.4 | 43800.8 | 44997.4 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15591.2 | 16110.8 | 16550.3 | 16993.8 | 16661.7 | 16772.3 | 16883.3 | 16993.8 | 17102.9 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 7176.1 | 8522.5 | 9595.1 | 10829.3 | 9880.1 | 10404.2 | 10373.9 | 10829.3 | 10325.3 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 9135.0 | 10949.0 | 12333.0 | 13913.0 | 12695.0 | 13396.0 | 13336.0 | 13913.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2550.8 | 2819.3 | 3083.4 | 3261.3 | 3096.2 | 3195.9 | 3207.6 | 3261.3 | 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: June 9, 2022