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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 25994.0 | 27658.7 | 26307.7 | 27083.9 | 27658.7 | 27212.9 | 26115.7 | 25818.6 | 26307.7 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 49.1 | 50.6 | 47.5 | 55.4 | 50.6 | 51.1 | 51.5 | 49.5 | 47.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 19.0 | 13.1 | 6.7 | 14.3 | 13.1 | 9.5 | 9.7 | 6.4 | 6.7 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 229.2 | 256.5 | 270.1 | 254.2 | 256.5 | 259.5 | 262.1 | 267.0 | 270.1 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 26.2 | 54.0 | 57.5 | 39.2 | 54.0 | 47.6 | 48.8 | 64.3 | 57.5 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 5123.4 | 5368.3 | 5230.3 | 5003.7 | 5368.3 | 5234.8 | 5097.2 | 5011.8 | 5230.3 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 49.3 | 63.2 | 58.9 | 61.9 | 63.2 | 66.0 | 65.5 | 59.7 | 58.9 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 3107.9 | 3341.9 | 3435.3 | 2975.8 | 3341.9 | 3313.5 | 3290.4 | 3281.8 | 3435.3 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 438.3 | 432.2 | 372.3 | 438.2 | 432.2 | 419.0 | 399.1 | 374.9 | 372.3 | 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 | 1527.9 | 1530.9 | 1363.8 | 1527.8 | 1530.9 | 1436.3 | 1342.1 | 1295.5 | 1363.8 | 11 |
| Pension funds; loans; asset | FL594023005 | 31.4 | 31.7 | 32.5 | 212.3 | 31.7 | 31.5 | 31.3 | 32.3 | 32.5 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0.0 | 0.0 | 0.0 | 180.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 31.4 | 31.7 | 32.5 | 31.7 | 31.7 | 31.5 | 31.3 | 32.3 | 32.5 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 6664.9 | 8004.5 | 6359.0 | 7425.7 | 8004.5 | 7558.6 | 6445.5 | 6053.2 | 6359.0 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 5341.9 | 5856.5 | 4700.9 | 5734.3 | 5856.5 | 5481.7 | 4758.5 | 4473.1 | 4700.9 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8508.9 | 8023.6 | 9603.1 | 8344.9 | 8023.6 | 8538.6 | 9411.2 | 9861.1 | 9603.1 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 889.6 | 944.9 | 891.2 | 927.1 | 944.9 | 927.1 | 893.0 | 882.2 | 891.2 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.7 | 74.7 | 71.3 | 75.5 | 74.7 | 74.0 | 73.3 | 72.4 | 71.3 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5793.3 | 4980.5 | 6508.1 | 5411.4 | 4980.5 | 5508.5 | 6375.6 | 6812.9 | 6508.1 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1748.3 | 2023.6 | 2132.5 | 1930.8 | 2023.6 | 2028.9 | 2069.4 | 2093.6 | 2132.5 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 26166.1 | 27871.0 | 26575.1 | 27287.8 | 27871.0 | 27441.8 | 26359.4 | 26070.3 | 26575.1 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16849.1 | 17234.9 | 16750.8 | 16849.1 | 16945.9 | 17040.6 | 17136.5 | 17234.9 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 10663.4 | 11868.6 | 10726.7 | 11339.4 | 11868.6 | 11437.3 | 10665.0 | 10323.6 | 10726.7 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5793.3 | 4980.5 | 6508.1 | 5411.4 | 4980.5 | 5508.5 | 6375.6 | 6812.9 | 6508.1 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 41548.1 | 45003.2 | ND | 43778.5 | 45003.2 | 43707.6 | 40928.9 | 39960.8 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16849.1 | 17234.9 | 16750.8 | 16849.1 | 16945.9 | 17040.6 | 17136.5 | 17234.9 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 9709.5 | 11022.0 | 9340.2 | 10537.0 | 11022.0 | 10495.9 | 9318.8 | 8933.8 | 9340.2 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 12333.0 | 13913.0 | ND | 13336.0 | 13913.0 | 13168.0 | 11669.0 | 11048.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3049.0 | 3219.1 | ND | 3154.8 | 3219.1 | 3097.8 | 2900.5 | 2842.5 | 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 9, 2023