Financial Accounts of the United States - Z.1
L.118.b Private Pension Funds Defined Benefit Plans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2019 | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3634.1 | 3620.0 | 3666.1 | 3706.9 | 3676.3 | 3686.5 | 3696.7 | 3706.9 | 3717.1 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 8.9 | 12.2 | 13.7 | 15.6 | 14.1 | 14.4 | 14.9 | 15.6 | 16.2 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 10.2 | 11.9 | 5.2 | 0.2 | 3.7 | 2.3 | 0.0 | 0.2 | 0.4 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 41.8 | 48.6 | 57.0 | 67.0 | 58.8 | 60.6 | 63.5 | 67.0 | 70.3 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 15.8 | 18.4 | 25.9 | 35.0 | 27.6 | 29.2 | 31.9 | 35.0 | 38.0 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1104.6 | 1192.8 | 1164.2 | 1023.0 | 1086.3 | 1027.0 | 987.9 | 1023.0 | 1065.6 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 25.1 | 29.2 | 29.6 | 30.1 | 29.7 | 29.8 | 29.9 | 30.1 | 30.2 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 269.8 | 268.8 | 264.5 | 248.2 | 250.7 | 242.1 | 238.2 | 248.2 | 263.9 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 133.0 | 132.4 | 130.0 | 118.3 | 124.1 | 121.3 | 117.4 | 118.3 | 120.6 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 676.8 | 762.4 | 740.1 | 626.4 | 681.9 | 633.8 | 602.3 | 626.4 | 650.9 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.1 | 14.5 | 14.6 | 14.8 | 14.7 | 14.7 | 14.7 | 14.8 | 14.8 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1210.1 | 1331.1 | 1537.2 | 1092.0 | 1426.0 | 1158.7 | 1064.2 | 1092.0 | 1125.2 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 360.9 | 406.6 | 433.9 | 327.7 | 401.5 | 345.2 | 318.3 | 327.7 | 335.5 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 867.7 | 583.9 | 414.4 | 1131.6 | 643.6 | 1034.4 | 1201.1 | 1131.6 | 1051.1 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 60.9 | 64.2 | 64.5 | 51.6 | 60.8 | 55.3 | 52.0 | 51.6 | 51.2 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 41.4 | 37.6 | 33.2 | 27.9 | 32.2 | 31.3 | 29.8 | 27.9 | 26.2 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 414.5 | 118.9 | -76.2 | 623.5 | 151.0 | 542.0 | 703.1 | 623.5 | 533.5 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 350.9 | 363.2 | 392.9 | 428.6 | 399.4 | 405.8 | 416.3 | 428.6 | 440.1 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3670.6 | 3656.5 | 3702.6 | 3743.4 | 3712.8 | 3723.0 | 3733.2 | 3743.4 | 3753.6 | 19 |
NOTES
- 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 defined benefit pension entitlements.
Last Update: June 8, 2023