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

  1. Private defined benefit plans and defined contribution plans (including 401(k) type plans).
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  4. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  5. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  6. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  7. Additional detail on defined benefit plans is available on tables L.118.b.
  8. Additional detail on defined contribution plans is available on table L.118.c.
Last Update: June 7, 2024