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

  1. Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
  4. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  5. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  6. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  7. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  8. Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
  9. IRA assets are not included above. See memo items on table L.229 for a sectoral distribution of IRA accounts.
  10. Annuities held in IRAs are excluded. They are included in line 29.
Last Update: September 12, 2024