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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 25994.6 | 27662.6 | 26379.2 | 27019.3 | 27083.4 | 27662.6 | 27212.0 | 26150.2 | 25863.7 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 49.0 | 50.3 | 46.3 | 47.9 | 55.8 | 50.3 | 51.2 | 54.2 | 55.8 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 19.0 | 13.5 | 17.8 | 16.4 | 14.6 | 13.5 | 9.7 | 10.2 | 8.4 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 229.2 | 249.2 | 235.4 | 241.1 | 254.8 | 249.2 | 260.8 | 265.7 | 272.9 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 26.2 | 56.2 | 38.2 | 46.0 | 39.4 | 56.2 | 47.6 | 51.1 | 52.7 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 5120.7 | 5377.0 | 5040.5 | 5190.2 | 4996.5 | 5377.0 | 5237.0 | 5110.4 | 5057.7 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 49.3 | 57.1 | 56.3 | 59.7 | 60.8 | 57.1 | 66.2 | 65.4 | 66.9 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 3107.1 | 3357.6 | 3077.2 | 3158.7 | 2982.7 | 3357.6 | 3314.9 | 3327.4 | 3347.2 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 437.8 | 425.5 | 429.8 | 431.0 | 438.3 | 425.5 | 418.3 | 408.8 | 401.2 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 0.0 | 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 | 1526.5 | 1536.8 | 1477.1 | 1540.7 | 1514.7 | 1536.8 | 1437.6 | 1308.8 | 1242.3 | 11 |
| Pension funds; loans; asset | FL594023005 | 31.4 | 32.8 | 31.9 | 31.8 | 212.5 | 32.8 | 31.5 | 32.1 | 32.2 | 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 | 180.6 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 31.4 | 32.8 | 31.9 | 31.8 | 31.9 | 32.8 | 31.5 | 32.1 | 32.2 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 6657.8 | 8010.1 | 6991.3 | 7452.1 | 7381.5 | 8010.1 | 7592.8 | 6477.5 | 6062.2 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 5341.4 | 5815.2 | 5489.3 | 5775.4 | 5735.4 | 5815.2 | 5457.3 | 4715.6 | 4399.0 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8519.9 | 8058.2 | 8488.6 | 8218.5 | 8392.9 | 8058.2 | 8524.3 | 9433.3 | 9922.7 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 889.8 | 936.2 | 893.1 | 916.6 | 919.3 | 936.2 | 918.5 | 885.3 | 876.8 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.7 | 74.9 | 77.1 | 76.5 | 75.7 | 74.9 | 74.2 | 73.5 | 72.7 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5769.8 | 4985.2 | 5691.7 | 5335.5 | 5448.9 | 4985.2 | 5515.0 | 6400.9 | 6862.0 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1782.7 | 2061.9 | 1826.7 | 1890.0 | 1949.0 | 2061.9 | 2016.5 | 2073.5 | 2111.3 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 26166.4 | 27871.1 | 26568.7 | 27218.8 | 27287.9 | 27871.1 | 27441.8 | 26358.6 | 26074.3 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16849.1 | 16554.2 | 16651.9 | 16750.8 | 16849.1 | 16945.9 | 17040.6 | 17136.5 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 10686.9 | 11863.8 | 10862.5 | 11316.4 | 11301.9 | 11863.8 | 11430.9 | 10639.6 | 10274.5 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5769.8 | 4985.2 | 5691.7 | 5335.5 | 5448.9 | 4985.2 | 5515.0 | 6400.9 | 6862.0 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 41547.2 | 45013.0 | 42323.0 | 43771.5 | 43787.4 | 45013.0 | 43716.2 | 40935.7 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16849.1 | 16554.2 | 16651.9 | 16750.8 | 16849.1 | 16945.9 | 17040.6 | 17136.5 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 9709.7 | 11022.0 | 10014.6 | 10566.9 | 10537.1 | 11022.0 | 10496.0 | 9318.0 | 8937.9 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 12333.0 | 13913.0 | 12695.0 | 13396.0 | 13336.0 | 13913.0 | 13168.0 | 11669.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3047.8 | 3228.9 | 3059.3 | 3156.7 | 3163.5 | 3228.9 | 3106.4 | 2908.1 | 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: December 9, 2022