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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 12042 | 13164.7 | 11689.3 | 12900.8 | 12079.6 | 12437.8 | 12199.3 | 12900.8 | 13442.3 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 20 | 24.5 | 24.2 | 24.4 | 24.4 | 24.3 | 24.2 | 24.4 | 24.3 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 16.8 | 17.3 | 18.2 | 19.2 | 18.5 | 18.8 | 19 | 19.2 | 19.5 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 204.6 | 212 | 226.5 | 238.8 | 229.2 | 233.6 | 237 | 238.8 | 243.3 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.4 | 18.7 | 19.6 | 20.6 | 19.9 | 20.2 | 20.4 | 20.6 | 20.9 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1715.3 | 1821 | 1681.3 | 1897.3 | 1780.6 | 1820 | 1783 | 1897.3 | 1910.6 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 40.6 | 41.7 | 44 | 46.4 | 44.6 | 45.4 | 45.9 | 46.4 | 47.1 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 461.2 | 507.8 | 508.9 | 610.7 | 563.3 | 592.2 | 576.1 | 610.7 | 612 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 235.4 | 259.2 | 251.2 | 272.3 | 258.7 | 261.4 | 261.9 | 272.3 | 276.4 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 978.1 | 1012.2 | 877.2 | 967.9 | 914 | 921 | 899.2 | 967.9 | 975.1 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 24.3 | 25.5 | 26.3 | 27.1 | 26.5 | 26.7 | 26.9 | 27.1 | 27.3 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3378.8 | 3869.8 | 2931.4 | 3456.8 | 3081.4 | 3281.1 | 3131.2 | 3456.8 | 3749.1 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4900.4 | 5430.1 | 4382.2 | 5059.6 | 4619.8 | 4798.6 | 4627.4 | 5059.6 | 5361 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1763.5 | 1745.8 | 2379.7 | 2157.1 | 2279.4 | 2214.4 | 2330.1 | 2157.1 | 2086.5 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 619.5 | 640.4 | 593.5 | 626.4 | 605.8 | 614.1 | 606.5 | 626.4 | 639.5 | 15 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 77.4 | 70.9 | 69 | 65.6 | 67.8 | 67 | 66.6 | 65.6 | 65.1 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 127.7 | 53.4 | 720.1 | 458 | 616.3 | 541.8 | 654.8 | 458 | 359.9 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 938.9 | 981.1 | 997.1 | 1007.1 | 989.5 | 991.5 | 1002.2 | 1007.1 | 1022 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 12079.1 | 13203.1 | 11729 | 12941.6 | 12119.6 | 12478 | 12239.7 | 12941.6 | 13483.4 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3665.9 | 3714 | 3765.2 | 3796.1 | 3773 | 3780.7 | 3788.4 | 3796.1 | 3803.8 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3538.2 | 3660.5 | 3045.2 | 3338.1 | 3156.7 | 3238.9 | 3133.6 | 3338.1 | 3443.9 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 127.7 | 53.4 | 720.1 | 458 | 616.3 | 541.8 | 654.8 | 458 | 359.9 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3628.8 | 3675.5 | 3725.6 | 3755.3 | 3733 | 3740.5 | 3747.9 | 3755.3 | 3762.7 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 8413.2 | 9489.2 | 7963.7 | 9145.5 | 8346.6 | 8697.3 | 8451.3 | 9145.5 | 9679.6 | 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: June 7, 2024