Financial Accounts of the United States - Z.1
L.118.b Private Pension Funds Defined Benefit Plans
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 defined benefit pension funds; total financial assets (1) | FL574090045 | 3628.8 | 3675.5 | 3725.6 | 3755.3 | 3733 | 3740.5 | 3747.9 | 3755.3 | 3762.7 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 12.2 | 11.7 | 12.5 | 13.5 | 12.8 | 13.1 | 13.2 | 13.5 | 13.7 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 11.9 | 12.1 | 12.7 | 13.3 | 12.9 | 13 | 13.2 | 13.3 | 13.5 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 48.6 | 49.5 | 51.8 | 54.6 | 52.6 | 53.4 | 53.9 | 54.6 | 55.2 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 18.4 | 18.7 | 19.6 | 20.6 | 19.9 | 20.2 | 20.4 | 20.6 | 20.9 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1192.8 | 1238.9 | 1094.9 | 1222.5 | 1154.9 | 1172.8 | 1142.8 | 1222.5 | 1223 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 29.2 | 29.7 | 31.1 | 32.7 | 31.5 | 32 | 32.3 | 32.7 | 33.1 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 268.8 | 291.3 | 275.8 | 330.3 | 305.8 | 322.6 | 311.6 | 330.3 | 327.9 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 132.4 | 143.5 | 133.5 | 142 | 137.3 | 137.3 | 136.5 | 142 | 142.5 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 762.4 | 774.5 | 654.5 | 717.4 | 680.2 | 680.8 | 662.5 | 717.4 | 719.5 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.5 | 15.6 | 16.1 | 16.6 | 16.3 | 16.4 | 16.5 | 16.6 | 16.8 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1331.1 | 1403.4 | 1022.5 | 1144.7 | 1058.8 | 1110.5 | 1050 | 1144.7 | 1228.1 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 406.6 | 414.9 | 327.4 | 361 | 339.5 | 349.5 | 334.8 | 361 | 380 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 592.7 | 510.6 | 1168.3 | 908.5 | 1065.6 | 991.6 | 1103.2 | 908.5 | 811.6 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 64.2 | 63 | 53.6 | 55.1 | 54.4 | 54.8 | 53.2 | 55.1 | 56.2 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 37.6 | 27.9 | 24 | 19.2 | 22.6 | 21.2 | 20.4 | 19.2 | 18 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 127.7 | 53.4 | 720.1 | 458 | 616.3 | 541.8 | 654.8 | 458 | 359.9 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 363.2 | 366.2 | 370.6 | 376.1 | 372.2 | 373.8 | 374.8 | 376.1 | 377.5 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3665.9 | 3714 | 3765.2 | 3796.1 | 3773 | 3780.7 | 3788.4 | 3796.1 | 3803.8 | 19 |
NOTES
- 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 defined benefit pension entitlements.
Last Update: June 7, 2024