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 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 13164.7 | 11162.1 | 12459.5 | 11571.2 | 11952.2 | 11715 | 12459.5 | 13030.7 | 13191 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 24.5 | 22.1 | 22.9 | 22.2 | 22.5 | 22.8 | 22.9 | 23.2 | 23.5 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 17.3 | 14.5 | 13.8 | 14.3 | 14.1 | 14 | 13.8 | 13.7 | 13.5 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 212 | 200.5 | 201.1 | 200.3 | 200.9 | 201.5 | 201.1 | 201.5 | 201.9 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 18.7 | 14.4 | 13.3 | 14.1 | 13.8 | 13.6 | 13.3 | 13 | 12.7 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1821 | 1487.4 | 1574.1 | 1526.2 | 1523.9 | 1487.6 | 1574.1 | 1577.1 | 1582.3 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 41.7 | 34.9 | 33.3 | 34.4 | 34 | 33.8 | 33.3 | 32.9 | 32.5 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 507.8 | 427.7 | 452.9 | 440.8 | 440 | 428.8 | 452.9 | 454.6 | 459.8 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 259.2 | 219.5 | 228.3 | 223.1 | 222.8 | 221.6 | 228.3 | 229.2 | 231.4 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 1012.2 | 805.4 | 859.6 | 827.9 | 827.1 | 803.4 | 859.6 | 860.3 | 858.6 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 25.5 | 18.7 | 16.7 | 18.4 | 17.6 | 17 | 16.7 | 15.8 | 15.1 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3869.8 | 3177.5 | 3941.9 | 3388.9 | 3663.3 | 3533.7 | 3941.9 | 4327.6 | 4455 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 5430.1 | 4355.8 | 5029.1 | 4592.5 | 4769 | 4599.4 | 5029.1 | 5322.9 | 5368.2 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1745.8 | 1871.2 | 1646.5 | 1794.3 | 1727.1 | 1825.5 | 1646.5 | 1535.9 | 1518.8 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 640.4 | 603 | 637.2 | 615.5 | 624.2 | 616.8 | 637.2 | 650.7 | 654.1 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 53.4 | 335.5 | 103.8 | 250.8 | 185.1 | 298.7 | 103.8 | -9.3 | -20.1 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 981.1 | 859.4 | 831.1 | 854.7 | 843.8 | 835.4 | 831.1 | 819.3 | 809 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 13203.1 | 11201.8 | 12500.3 | 11611.1 | 11992.4 | 11755.4 | 12500.3 | 13071.8 | 13232.5 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3714 | 3224.8 | 3269.3 | 3235.9 | 3247.1 | 3258.2 | 3269.3 | 3278.4 | 3287.5 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 3660.5 | 2889.3 | 3165.6 | 2985.1 | 3061.9 | 2959.5 | 3165.6 | 3287.7 | 3307.6 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 53.4 | 335.5 | 103.8 | 250.8 | 185.1 | 298.7 | 103.8 | -9.3 | -20.1 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3675.5 | 3185.2 | 3228.5 | 3196 | 3206.9 | 3217.7 | 3228.5 | 3237.3 | 3246 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 9489.2 | 7977 | 9231 | 8375.2 | 8745.4 | 8497.2 | 9231 | 9793.4 | 9945 | 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: September 12, 2024