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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 13166.6 | 11706.7 | 12678.4 | 11641.7 | 11308.6 | 11706.7 | 12094.7 | 12441.6 | 12186.6 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 24.5 | 24 | 24.5 | 24.4 | 24.3 | 24 | 24.2 | 24.3 | 24.2 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 17.3 | 18.2 | 17.4 | 17.7 | 18 | 18.2 | 18.5 | 18.8 | 19 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 212 | 228.3 | 214.3 | 218.5 | 222.9 | 228.3 | 230.9 | 233.7 | 237.3 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.7 | 19.5 | 18.9 | 19.1 | 19.3 | 19.5 | 19.8 | 20.2 | 20.4 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1821 | 1688.4 | 1711.2 | 1649.4 | 1610.9 | 1688.4 | 1789 | 1820.1 | 1784.7 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 41.7 | 44.1 | 42.2 | 42.8 | 43.4 | 44.1 | 44.7 | 45.4 | 45.9 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 507.8 | 512.1 | 482.1 | 475.3 | 479.9 | 512.1 | 566.8 | 592.3 | 576.7 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 259.2 | 253 | 250.1 | 249.3 | 245.8 | 253 | 260.7 | 261.4 | 262.2 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 1012.2 | 879.2 | 936.8 | 882 | 841.8 | 879.2 | 916.8 | 921 | 899.9 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 25.5 | 26.3 | 25.6 | 25.8 | 26 | 26.3 | 26.5 | 26.7 | 26.9 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3869.8 | 2929.4 | 3621.1 | 2960 | 2780.1 | 2929.4 | 3076.8 | 3280.9 | 3129 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 5430.1 | 4385.7 | 5084.8 | 4412.5 | 4152.9 | 4385.7 | 4624 | 4806.7 | 4620.6 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1747.8 | 2387 | 1960.4 | 2314.3 | 2454.2 | 2387 | 2285 | 2210.2 | 2324.6 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 640.4 | 594.3 | 621.1 | 591.4 | 580.7 | 594.3 | 606.8 | 613.9 | 606.8 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 55.4 | 720 | 280.1 | 657.8 | 806.2 | 720 | 614.3 | 537.3 | 647.9 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 981.1 | 1003.1 | 988.9 | 995.3 | 997.7 | 1003.1 | 995.6 | 991.8 | 1003.2 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 13203.1 | 11743.2 | 12714.9 | 11678.2 | 11345.1 | 11743.2 | 12131.2 | 12478.1 | 12223.1 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3714 | 3765.2 | 3726.8 | 3739.6 | 3752.4 | 3765.2 | 3769.3 | 3773.4 | 3777.5 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3658.6 | 3045.2 | 3446.7 | 3081.8 | 2946.3 | 3045.2 | 3155 | 3236.1 | 3129.5 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 55.4 | 720 | 280.1 | 657.8 | 806.2 | 720 | 614.3 | 537.3 | 647.9 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3677.5 | 3728.7 | 3690.3 | 3703.1 | 3715.9 | 3728.7 | 3732.8 | 3736.9 | 3741 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 9489.2 | 7978 | 8988.1 | 7938.6 | 7592.7 | 7978 | 8361.8 | 8704.7 | 8445.6 | 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: December 7, 2023