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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 25901.5 | 27438.3 | 26045.5 | 26969.8 | 25872.4 | 25565.4 | 26045.5 | 26602.8 | 27077.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 49.7 | 54.5 | 52.3 | 53 | 53.2 | 51 | 52.3 | 52 | 51.8 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 19 | 19.6 | 24.6 | 17.6 | 19.4 | 18 | 24.6 | 21.4 | 22.5 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 228.5 | 238 | 252.5 | 239.6 | 242.3 | 244.8 | 252.5 | 252.7 | 259.3 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 26.4 | 46.2 | 67.1 | 38.9 | 39.1 | 51.3 | 67.1 | 78.4 | 88.4 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 5143.3 | 5485 | 5445.8 | 5374.2 | 5280.4 | 5226 | 5445.8 | 5293.1 | 5677.1 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 49.4 | 62.1 | 55.2 | 65.5 | 65.7 | 59.1 | 55.2 | 56.7 | 54.9 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 3114.1 | 3372.5 | 3534.6 | 3351.3 | 3345 | 3353 | 3534.6 | 3306.3 | 3670 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 441.7 | 468.6 | 427.4 | 459 | 443.9 | 421.2 | 427.4 | 404.4 | 395.1 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1538 | 1581.8 | 1428.6 | 1498.4 | 1425.8 | 1392.6 | 1428.6 | 1525.6 | 1557.1 | 11 |
| Pension funds; loans; asset | FL594023005 | 31.4 | 32.2 | 36.1 | 32.3 | 35.3 | 33.5 | 36.1 | 310.6 | 39.3 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272.8 | 0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 31.4 | 32.2 | 36.1 | 32.3 | 35.3 | 33.5 | 36.1 | 37.7 | 39.3 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 6712 | 7711.9 | 6337.7 | 7346.5 | 6356 | 5930.3 | 6337.7 | 6439.3 | 6643.1 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 5313.5 | 5727.3 | 4607.7 | 5364.2 | 4654.8 | 4375.2 | 4607.7 | 4902.3 | 5077.8 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8377.7 | 8123.5 | 9221.8 | 8503.6 | 9192 | 9635.2 | 9221.8 | 9253.1 | 9218.1 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 874.7 | 914.6 | 875.9 | 897.9 | 866.3 | 856.9 | 875.9 | 891.6 | 903.7 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.4 | 70.9 | 70.5 | 70.6 | 70.6 | 70.5 | 70.5 | 68.6 | 68 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5678.4 | 5213.6 | 6248.4 | 5594.4 | 6260.6 | 6656.3 | 6248.4 | 6113.4 | 6013.2 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1747.1 | 1924.4 | 2026.9 | 1940.7 | 1994.4 | 2051.5 | 2026.9 | 2179.6 | 2233.1 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 26076.6 | 27647 | 26295.9 | 27199.2 | 26121.7 | 25810.9 | 26295.9 | 26801.7 | 27268.6 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16848.7 | 17149.3 | 16924.1 | 16997.5 | 17071.9 | 17149.3 | 17226.8 | 17304 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 10778.2 | 11635 | 10900.8 | 11329.7 | 10736.9 | 10415.6 | 10900.8 | 11113.5 | 11290.8 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5678.4 | 5213.6 | 6248.4 | 5594.4 | 6260.6 | 6656.3 | 6248.4 | 6113.4 | 6013.2 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 41801.5 | 45358.5 | 41265.3 | 43977 | 41140.4 | 40120.4 | 41265.3 | 42383 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16456.7 | 16848.7 | 17149.3 | 16924.1 | 16997.5 | 17071.9 | 17149.3 | 17226.8 | 17304 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 9620 | 10798.4 | 9146.6 | 10275.1 | 9124.2 | 8739 | 9146.6 | 9574.9 | 9964.6 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 12661 | 14460 | 11950 | 13630 | 12050 | 11375 | 11950 | 12465 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3063.9 | 3251.4 | 3019.5 | 3147.7 | 2968.7 | 2934.5 | 3019.5 | 3116.3 | 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.229 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 29.
Last Update: September 11, 2023