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 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 12033.2 | 13155.3 | 11606 | 12647 | 11588.1 | 11231.4 | 11606 | 11977 | 12310.9 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 20 | 24.5 | 23.7 | 24.4 | 24.2 | 23.9 | 23.7 | 24.2 | 24 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 16.8 | 17.3 | 18.2 | 17.5 | 17.7 | 17.9 | 18.2 | 18.4 | 18.8 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 204.6 | 212 | 230.2 | 215.2 | 219.6 | 224.5 | 230.2 | 229.3 | 236.1 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.4 | 18.7 | 19.4 | 18.9 | 19 | 19.2 | 19.4 | 19.7 | 20.1 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1715.3 | 1821 | 1693.7 | 1714.5 | 1650.5 | 1614.8 | 1693.7 | 1781.8 | 1834.1 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 40.6 | 41.7 | 44.1 | 42.2 | 42.7 | 43.4 | 44.1 | 44.4 | 45.4 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 461.2 | 507.8 | 515.4 | 483.7 | 477.1 | 482.6 | 515.4 | 568.2 | 601.7 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 235.4 | 259.2 | 254.9 | 251 | 250.2 | 247.4 | 254.9 | 258.6 | 263.9 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 978.1 | 1012.2 | 879.4 | 937.6 | 880.4 | 841.4 | 879.4 | 910.6 | 923 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 24.3 | 25.5 | 26.3 | 25.6 | 25.8 | 26 | 26.3 | 26.4 | 26.8 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3378.8 | 3869.8 | 2934.2 | 3620.6 | 2968.4 | 2786.2 | 2934.2 | 3104.3 | 3294.3 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4900.4 | 5430 | 4378.4 | 5083.1 | 4409.5 | 4146.6 | 4378.4 | 4629.3 | 4787.3 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1754.8 | 1736.5 | 2281.9 | 1927.3 | 2253.4 | 2372.2 | 2281.9 | 2143.6 | 2069.6 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 619.5 | 640.5 | 595.6 | 621.6 | 592.4 | 582 | 595.6 | 606.5 | 615.5 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 118.9 | 44 | 605.8 | 243.3 | 590.8 | 715.8 | 605.8 | 484.9 | 392.8 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 938.9 | 981.1 | 1010 | 991.8 | 999.6 | 1003.8 | 1010 | 983.6 | 993.3 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 12069.7 | 13191.8 | 11642.4 | 12683.5 | 11624.6 | 11267.9 | 11642.4 | 12013.5 | 12347.4 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3656.5 | 3702.6 | 3659.4 | 3691.8 | 3681 | 3670.2 | 3659.4 | 3648.5 | 3637.7 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3537.6 | 3658.6 | 3053.5 | 3448.5 | 3090.2 | 2954.3 | 3053.5 | 3163.7 | 3245 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 118.9 | 44 | 605.8 | 243.3 | 590.8 | 715.8 | 605.8 | 484.9 | 392.8 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3620 | 3666.1 | 3622.9 | 3655.3 | 3644.5 | 3633.7 | 3622.9 | 3612.1 | 3601.2 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 8413.2 | 9489.2 | 7983.1 | 8991.7 | 7943.6 | 7597.8 | 7983.1 | 8364.9 | 8709.7 | 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: September 11, 2023