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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 27463.9 | 24527.2 | 26368.8 | 25130.9 | 25638.1 | 25461.8 | 26368.8 | 27109.7 | 27388.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 54 | 48.8 | 47.9 | 47 | 51.9 | 52.7 | 47.9 | 58.6 | 61.3 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 19.6 | 20.8 | 16.1 | 17 | 14.2 | 16.8 | 16.1 | 15.4 | 15 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 238.5 | 222.7 | 218.7 | 221.5 | 216.9 | 220 | 218.7 | 221.7 | 221.7 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 46.4 | 62.3 | 72 | 67.4 | 31.3 | 67 | 72 | 75.8 | 77.7 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3064.2 | 2551.9 | 2732.4 | 2658.5 | 2629.3 | 2561.9 | 2732.4 | 2750.6 | 2757.8 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 62.2 | 46.1 | 45.1 | 45.6 | 45.7 | 47 | 45.1 | 45.6 | 45.5 | 7 |
| Pension funds; Treasury securities; asset | LM593061105 | 943.6 | 767 | 875.6 | 815.5 | 808.9 | 812.4 | 875.6 | 890.4 | 908.4 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 469.5 | 391.7 | 398 | 387.9 | 399.8 | 381.7 | 398 | 402.8 | 407.3 | 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 | 1588.8 | 1347.1 | 1413.7 | 1409.6 | 1374.9 | 1320.8 | 1413.7 | 1411.7 | 1396.6 | 11 |
| Pension funds; loans; asset | FL594023005 | 2466.9 | 2705.4 | 2955.8 | 2662.1 | 2698.5 | 2739.5 | 2955.8 | 2945.6 | 2961.5 | 12 |
| Federal government retirement funds; other loans and advances; asset (3) | FL343069005 | 2434.7 | 2680.2 | 2934.4 | 2637.2 | 2675.3 | 2717 | 2934.4 | 2925.6 | 2942.7 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 32.3 | 25.2 | 21.4 | 24.9 | 23.2 | 22.4 | 21.4 | 20 | 18.8 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 7763.6 | 6549.7 | 7651.9 | 6784.8 | 7230.1 | 7011.9 | 7651.9 | 8176.3 | 8350.4 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 5728.2 | 4551.2 | 5264.5 | 4852.3 | 5006.3 | 4821.2 | 5264.5 | 5544.2 | 5574 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8082.4 | 7814.2 | 7409.5 | 7820.3 | 7759.7 | 7971 | 7409.5 | 7321.6 | 7369.2 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 914.5 | 882 | 929.1 | 899.3 | 910.7 | 903.8 | 929.1 | 947.7 | 954.2 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 70.9 | 73.2 | 74.5 | 73.2 | 73.9 | 74.5 | 74.5 | 75.2 | 75.8 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5163.8 | 5024.2 | 4474.8 | 4959.9 | 4851.6 | 5108 | 4474.8 | 4360.2 | 4400 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1933.1 | 1834.8 | 1931.2 | 1888 | 1923.5 | 1884.7 | 1931.2 | 1938.4 | 1939.2 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 27677.3 | 24784.9 | 26559.5 | 25320.8 | 25829.3 | 25652.1 | 26559.5 | 27293.8 | 27571.3 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16879 | 15658.3 | 16023.8 | 15750.3 | 15841.8 | 15931.7 | 16023.8 | 16129.3 | 16234.3 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 11715.2 | 10634 | 11549 | 10790.5 | 10990.2 | 10823.7 | 11549 | 11769.2 | 11834.4 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5163.8 | 5024.2 | 4474.8 | 4959.9 | 4851.6 | 5108 | 4474.8 | 4360.2 | 4400 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 45452.3 | 39807.5 | 43461 | 40972.2 | 42063.1 | 41447.6 | 43461 | 45035.6 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16879 | 15658.3 | 16023.8 | 15750.3 | 15841.8 | 15931.7 | 16023.8 | 16129.3 | 16234.3 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 10798.3 | 9126.6 | 10535.7 | 9570.5 | 9987.5 | 9720.5 | 10535.7 | 11164.5 | 11337 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 14460 | 11950 | 13556 | 12465 | 12955 | 12566 | 13556 | 14307 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3315 | 3072.7 | 3345.5 | 3186.4 | 3278.8 | 3229.4 | 3345.5 | 3434.8 | 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).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- 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: September 12, 2024