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
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 24527.8 | 26369.7 | 25127.6 | 25635.2 | 25460.4 | 26369.7 | 27057.2 | 27288.5 | 27886.3 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 48.8 | 46.1 | 46.8 | 51.1 | 51.4 | 46.1 | 57.5 | 63.5 | 66.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 20.8 | 15.5 | 16.9 | 13.9 | 16.3 | 15.5 | 14.9 | 14.9 | 14.9 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 222.7 | 214.5 | 220.8 | 215 | 216.6 | 214.5 | 217 | 215.2 | 214.4 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 62.3 | 69.8 | 67.2 | 30.9 | 66.1 | 69.8 | 76.2 | 88.1 | 102 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 2551.6 | 2691.6 | 2653.9 | 2619.6 | 2542.7 | 2691.6 | 2731.9 | 2785.8 | 2943.9 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 46.1 | 43.4 | 45.3 | 45 | 45.8 | 43.4 | 44.3 | 43 | 42 | 7 |
| Pension funds; Treasury securities; asset | LM593061105 | 766.9 | 860.4 | 814.2 | 806 | 806.4 | 860.4 | 884.8 | 922.7 | 994.6 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 391.7 | 395.3 | 386.9 | 398.7 | 378.4 | 395.3 | 398 | 394.3 | 403.3 | 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 | 1346.9 | 1392.5 | 1407.5 | 1369.8 | 1312.1 | 1392.5 | 1404.7 | 1425.8 | 1504 | 11 |
| Pension funds; loans; asset | FL594023005 | 2705.4 | 2954.8 | 2661.9 | 2698 | 2738.7 | 2954.8 | 2945 | 2961.5 | 3010.9 | 12 |
| Federal government retirement funds; other loans and advances; asset (3) | FL343069005 | 2680.2 | 2934.4 | 2637.2 | 2675.3 | 2717 | 2934.4 | 2925.6 | 2942.7 | 2993.6 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 25.2 | 20.4 | 24.7 | 22.7 | 21.7 | 20.4 | 19.4 | 18.8 | 17.3 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 6548.6 | 7688.6 | 6782.9 | 7241.2 | 7023.9 | 7688.6 | 8249.7 | 8381.7 | 8805 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4551.2 | 5261 | 4848.8 | 5000.7 | 4815.4 | 5261 | 5546.9 | 5593.5 | 5850.8 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7816.4 | 7428.1 | 7828.3 | 7764.8 | 7989.2 | 7428.1 | 7218.1 | 7184.4 | 6878 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 881.9 | 925.3 | 897.3 | 909 | 903.7 | 925.3 | 943.6 | 951.8 | 970.5 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 73.2 | 73.4 | 73.1 | 73.4 | 73.6 | 73.4 | 73.5 | 73.9 | 74 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 5026.8 | 4525.8 | 4973.8 | 4874.5 | 5148.6 | 4525.8 | 4261.5 | 4220.1 | 3879 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1834.4 | 1903.5 | 1884.1 | 1907.9 | 1863.4 | 1903.5 | 1939.5 | 1938.6 | 1954.5 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 24784.8 | 26555.4 | 25316.7 | 25824.7 | 25648.9 | 26555.4 | 27242.1 | 27472.8 | 28069.5 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15658.3 | 16023.8 | 15750.3 | 15841.8 | 15931.7 | 16023.8 | 16081.4 | 16138.4 | 16196.2 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 10631.4 | 11498 | 10776.6 | 10967.3 | 10783.1 | 11498 | 11819.9 | 11918.3 | 12317.2 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 5026.8 | 4525.8 | 4973.8 | 4874.5 | 5148.6 | 4525.8 | 4261.5 | 4220.1 | 3879 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 39809.4 | 43462.6 | 40972 | 42062.3 | 41446.4 | 43462.6 | 44990 | 45458.6 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 15658.3 | 16023.8 | 15750.3 | 15841.8 | 15931.7 | 16023.8 | 16081.4 | 16138.4 | 16196.2 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 9126.5 | 10531.5 | 9566.4 | 9982.9 | 9717.2 | 10531.5 | 11160.7 | 11334.3 | 11873.3 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 11950 | 13556 | 12465 | 12955 | 12566 | 13556 | 14307 | 14528 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 3074.7 | 3351.2 | 3190.3 | 3282.5 | 3231.5 | 3351.2 | 3440.9 | 3457.8 | 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: December 12, 2024