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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 12101.2 | 13314.5 | 12380.2 | 12883.6 | 12868.5 | 13314.5 | 12828.6 | 11773.3 | 11445.3 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 20.0 | 21.6 | 20.4 | 20.8 | 21.1 | 21.6 | 21.9 | 22.2 | 22.7 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 16.8 | 10.9 | 15.6 | 14.1 | 12.6 | 10.9 | 9.5 | 8.3 | 6.6 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 205.5 | 230.2 | 209.7 | 217.3 | 223.3 | 230.2 | 235.4 | 241.6 | 248.7 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.4 | 25.8 | 19.9 | 21.8 | 23.7 | 25.8 | 27.4 | 29.0 | 31.1 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1719.6 | 1684.4 | 1639.6 | 1686.4 | 1682.7 | 1684.4 | 1579.9 | 1506.6 | 1449.0 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 40.7 | 42.5 | 41.0 | 41.6 | 42.0 | 42.5 | 42.9 | 43.2 | 43.7 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 462.8 | 469.9 | 442.7 | 458.4 | 462.7 | 469.9 | 447.6 | 435.7 | 421.7 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 236.2 | 222.4 | 227.6 | 228.9 | 226.3 | 222.4 | 214.9 | 212.5 | 209.2 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 979.9 | 949.6 | 928.3 | 957.4 | 951.7 | 949.6 | 874.5 | 815.1 | 774.4 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 24.4 | 24.8 | 24.5 | 24.6 | 24.7 | 24.8 | 24.8 | 24.9 | 25.0 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3395.7 | 4093.9 | 3582.1 | 3835.1 | 3791.6 | 4093.9 | 3830.9 | 3148.7 | 2960.2 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4917.5 | 5500.8 | 5072.4 | 5345.5 | 5297.7 | 5500.8 | 5147.6 | 4453.5 | 4183.7 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1783.3 | 1722.2 | 1796.2 | 1718.1 | 1791.1 | 1722.2 | 1951.1 | 2338.5 | 2518.4 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 631.6 | 660.4 | 632.4 | 649.0 | 649.8 | 660.4 | 641.5 | 611.4 | 602.6 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 118.9 | -76.2 | 112.2 | -16.6 | 31.4 | -76.2 | 151.0 | 542.0 | 703.2 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 955.0 | 1063.2 | 974.5 | 1009.1 | 1034.2 | 1063.2 | 1084.4 | 1111.7 | 1139.9 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 12137.7 | 13351.0 | 12416.8 | 12920.1 | 12905.0 | 13351.0 | 12865.1 | 11809.8 | 11481.8 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3656.5 | 3702.6 | 3669.0 | 3681.1 | 3692.4 | 3702.6 | 3712.8 | 3723.0 | 3733.2 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3537.6 | 3778.8 | 3556.9 | 3697.7 | 3661.0 | 3778.8 | 3561.8 | 3181.0 | 3030.0 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | -76.2 | 112.2 | -16.6 | 31.4 | -76.2 | 151.0 | 542.0 | 703.2 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3620.0 | 3666.1 | 3632.5 | 3644.6 | 3655.9 | 3666.1 | 3676.3 | 3686.5 | 3696.7 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 8481.2 | 9648.4 | 8747.8 | 9239.0 | 9212.6 | 9648.4 | 9152.3 | 8086.8 | 7748.6 | 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, 2022