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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 12101.2 | 13314.5 | 11835.1 | 12868.5 | 13314.5 | 12828.6 | 11773.3 | 11441.9 | 11835.1 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 20.0 | 21.6 | 23.2 | 21.2 | 21.6 | 22.0 | 22.3 | 22.7 | 23.2 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 16.8 | 10.7 | 6.6 | 12.4 | 10.7 | 9.3 | 8.0 | 6.3 | 6.6 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 205.5 | 229.2 | 252.1 | 222.4 | 229.2 | 234.4 | 239.2 | 245.6 | 252.1 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.4 | 25.9 | 33.7 | 23.9 | 25.9 | 27.6 | 29.2 | 31.3 | 33.7 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1719.6 | 1682.3 | 1480.3 | 1681.0 | 1682.3 | 1578.0 | 1500.3 | 1439.4 | 1480.3 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 40.7 | 42.4 | 43.9 | 41.9 | 42.4 | 42.8 | 43.1 | 43.5 | 43.9 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 462.8 | 468.7 | 427.2 | 461.7 | 468.7 | 446.5 | 433.2 | 418.4 | 427.2 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 236.2 | 221.4 | 211.9 | 225.5 | 221.4 | 214.0 | 211.6 | 207.8 | 211.9 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 979.9 | 949.7 | 797.3 | 951.9 | 949.7 | 874.7 | 812.4 | 769.7 | 797.3 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 24.4 | 24.8 | 25.0 | 24.7 | 24.8 | 24.8 | 24.9 | 25.0 | 25.0 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3395.7 | 4093.3 | 3113.7 | 3790.8 | 4093.3 | 3830.2 | 3145.6 | 2954.6 | 3113.7 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4917.6 | 5500.5 | 4442.0 | 5297.3 | 5500.5 | 5147.2 | 4470.0 | 4209.0 | 4442.0 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1783.2 | 1726.3 | 2458.5 | 1794.9 | 1726.3 | 1955.1 | 2333.8 | 2508.2 | 2458.5 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 631.5 | 669.0 | 613.9 | 657.5 | 669.0 | 649.9 | 619.0 | 608.0 | 613.9 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 118.9 | -76.2 | 623.5 | 31.4 | -76.2 | 151.0 | 542.0 | 703.1 | 623.5 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 955.0 | 1058.8 | 1149.8 | 1030.5 | 1058.8 | 1080.1 | 1099.5 | 1124.7 | 1149.8 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 12137.7 | 13351.0 | 11871.6 | 12905.0 | 13351.0 | 12865.1 | 11809.8 | 11478.4 | 11871.6 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3656.5 | 3702.6 | 3743.4 | 3692.4 | 3702.6 | 3712.8 | 3723.0 | 3733.2 | 3743.4 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3537.6 | 3778.8 | 3119.9 | 3661.0 | 3778.8 | 3561.8 | 3181.0 | 3030.1 | 3119.9 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | -76.2 | 623.5 | 31.4 | -76.2 | 151.0 | 542.0 | 703.1 | 623.5 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3620.0 | 3666.1 | 3706.9 | 3655.9 | 3666.1 | 3676.3 | 3686.5 | 3696.7 | 3706.9 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 8481.2 | 9648.4 | 8128.2 | 9212.6 | 9648.4 | 9152.3 | 8086.8 | 7745.2 | 8128.2 | 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: March 9, 2023