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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 27451.8 | 24088.3 | 26490.2 | 24901.6 | 24098.3 | 24088.3 | 24662.5 | 25210.6 | 25052 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 54.2 | 50.6 | 53 | 53.1 | 49.6 | 50.6 | 50.8 | 57.1 | 58.2 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 19.6 | 24.6 | 17.6 | 19.4 | 18 | 24.6 | 21.5 | 18.8 | 19.1 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 238.3 | 250.8 | 238.7 | 240.9 | 243.4 | 250.8 | 254.6 | 253 | 255.7 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 46.3 | 67.7 | 38.9 | 39 | 51.9 | 67.7 | 79.3 | 41.4 | 33.9 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 5492.9 | 5443.4 | 5368 | 5270.4 | 5236.8 | 5443.4 | 5319.9 | 5659.6 | 5643.1 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 62.2 | 55.3 | 65.4 | 65.6 | 59.4 | 55.3 | 57.1 | 59.5 | 57.9 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 3376 | 3533.7 | 3349.3 | 3340.4 | 3354.7 | 3533.7 | 3311.3 | 3670 | 3692 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 469.1 | 426.7 | 456.3 | 441.8 | 422 | 426.7 | 408.3 | 420 | 411.4 | 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 | 1585.6 | 1427.6 | 1497 | 1422.6 | 1400.6 | 1427.6 | 1543.1 | 1510.1 | 1481.7 | 11 |
| Pension funds; loans; asset | FL594023005 | 32.2 | 32.8 | 32.3 | 32.3 | 33.3 | 32.8 | 306.8 | 34.1 | 34.5 | 12 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability | FL313169003 | 0 | 0 | 0 | 0 | 0 | 0 | 272.8 | 0 | 0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 32.2 | 32.8 | 32.3 | 32.3 | 33.3 | 32.8 | 34 | 34.1 | 34.5 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 7739.7 | 6319.7 | 7343.5 | 6322 | 5962.9 | 6319.7 | 6466.2 | 6901.9 | 6585.1 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 5727.5 | 4615.7 | 5366.7 | 4656.8 | 4382.6 | 4615.7 | 4898.7 | 5036.6 | 4833.3 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8101 | 7283 | 8031.5 | 8267.6 | 8119.7 | 7283 | 7264.6 | 7208 | 7589 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 914.5 | 872.4 | 896.7 | 864.2 | 854 | 872.4 | 889.6 | 899.5 | 892.8 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 70.9 | 69.5 | 70.3 | 69.8 | 69.6 | 69.5 | 68.3 | 67.1 | 66.7 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5188.3 | 4318.9 | 5129.6 | 5357 | 5207.3 | 4318.9 | 4179.6 | 4074.5 | 4402.5 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1927.3 | 2022.1 | 1934.9 | 1976.7 | 1988.7 | 2022.1 | 2127.2 | 2166.8 | 2227.1 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 27661 | 24340.7 | 26719.4 | 25148.7 | 24346.9 | 24340.7 | 24866.1 | 25351.3 | 25166.2 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16862.7 | 15201.4 | 16447.7 | 16030.6 | 15614.6 | 15201.4 | 15296.6 | 15391.5 | 15484.8 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 11674.5 | 10882.5 | 11318.1 | 10673.6 | 10407.3 | 10882.5 | 11117 | 11317 | 11082.3 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5188.3 | 4318.9 | 5129.6 | 5357 | 5207.3 | 4318.9 | 4179.6 | 4074.5 | 4402.5 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 45366.5 | 39307.7 | 43492.4 | 40164.5 | 38653.2 | 39307.7 | 40442.4 | 41497.4 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16862.7 | 15201.4 | 16447.7 | 16030.6 | 15614.6 | 15201.4 | 15296.6 | 15391.5 | 15484.8 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 10798.3 | 9139.3 | 10271.7 | 9118.1 | 8732.4 | 9139.3 | 9569.4 | 9959.8 | 9681.4 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 14460 | 11950 | 13630 | 12050 | 11375 | 11950 | 12465 | 12955 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3245.5 | 3017 | 3143 | 2965.8 | 2931.3 | 3017 | 3111.4 | 3191.1 | 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: December 7, 2023