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
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; total financial assets (2) | FL574090005 | 11162.3 | 12459.1 | 11568.2 | 11949.6 | 11714.4 | 12459.1 | 13007.9 | 13145.9 | 13614.8 | 1 |
| Private pension funds; checkable deposits and currency; asset | FL573020005 | 22.1 | 21.6 | 22.1 | 21.8 | 21.6 | 21.6 | 21.5 | 21.3 | 21.1 | 2 |
| Private pension funds; total time and savings deposits; asset | FL573030005 | 14.5 | 13.3 | 14.2 | 13.9 | 13.6 | 13.3 | 13 | 12.8 | 12.3 | 3 |
| Private pension funds; money market fund shares; asset | FL573034005 | 200.5 | 197.3 | 199.6 | 199 | 198.2 | 197.3 | 196.5 | 196.1 | 194.4 | 4 |
| Private pension funds; security repurchase agreements; asset | FL572051005 | 14.4 | 12.5 | 14 | 13.5 | 13 | 12.5 | 12.2 | 11.8 | 11 | 5 |
| Private pension funds; debt securities; asset | LM574022005 | 1487.4 | 1549.1 | 1522.3 | 1511.8 | 1466.4 | 1549.1 | 1536.8 | 1536 | 1605.5 | 6 |
| Private pension funds; total commercial paper; asset | FL573069105 | 34.9 | 31.9 | 34.1 | 33.4 | 32.7 | 31.9 | 31.4 | 30.8 | 29.6 | 7 |
| Private pension funds; Treasury securities; asset | LM573061105 | 427.7 | 445.2 | 439.7 | 436.1 | 422.1 | 445.2 | 441.1 | 443.8 | 466.9 | 8 |
| Private pension funds; agency- and GSE-backed securities; asset | LM573061705 | 219.5 | 222.8 | 222.2 | 220.1 | 216.9 | 222.8 | 221.3 | 222.1 | 227.9 | 9 |
| Private pension funds; corporate and foreign bonds; asset | LM573063005 | 805.4 | 849.2 | 826.2 | 822.2 | 794.7 | 849.2 | 843 | 839.3 | 881.2 | 10 |
| Private pension funds; total mortgages; asset | FL573065005 | 18.7 | 15.7 | 18.2 | 17.1 | 16.3 | 15.7 | 15.1 | 14.2 | 13 | 11 |
| Private pension funds, including 403(b) plans; corporate equities; asset | LM573064105 | 3177.5 | 3953.2 | 3388.7 | 3671.4 | 3543.1 | 3953.2 | 4338.5 | 4475.8 | 4739.2 | 12 |
| Private pension funds; mutual fund shares; asset | LM573064205 | 4355.8 | 5020.7 | 4589.1 | 4763.7 | 4593.8 | 5020.7 | 5326.6 | 5371.7 | 5628.9 | 13 |
| Private pension funds; total miscellaneous assets | FL573090005 | 1871.4 | 1675.8 | 1800 | 1737.4 | 1848.5 | 1675.8 | 1547.8 | 1506.2 | 1389.4 | 14 |
| Private pension funds; unallocated insurance contracts; asset (3) | FL573095005 | 603 | 636.4 | 614.3 | 623.9 | 618.8 | 636.4 | 649.7 | 654 | 668.1 | 15 |
| 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 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FL573073005 | 335.8 | 156.6 | 261.2 | 207.6 | 338.6 | 156.6 | 25.6 | -4.6 | -115 | 17 |
| Private pension funds; unidentified miscellaneous assets | FL573093005 | 859.4 | 809.3 | 851.4 | 832.4 | 817.5 | 809.3 | 798.9 | 782.9 | 762.4 | 18 |
| Private pension funds; total liabilities (5) | FL574190005 | 11201.7 | 12499.2 | 11607.7 | 11989.3 | 11754.3 | 12499.2 | 13048.1 | 13186.4 | 13655.5 | 19 |
| Private defined benefit pension funds; pension entitlements (total liabilities) | FL574190043 | 3224.8 | 3269.3 | 3235.9 | 3247.1 | 3258.2 | 3269.3 | 3255.3 | 3241.3 | 3227.3 | 20 |
| Private defined benefit pension funds; total funded assets (6) | FL572000075 | 2889 | 3112.7 | 2974.7 | 3039.4 | 2919.6 | 3112.7 | 3229.7 | 3245.9 | 3342.4 | 21 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FL573073005 | 335.8 | 156.6 | 261.2 | 207.6 | 338.6 | 156.6 | 25.6 | -4.6 | -115 | 22 |
| Private defined benefit pension funds; total financial assets (7) | FL574090045 | 3185.5 | 3229.3 | 3196.4 | 3207.4 | 3218.3 | 3229.3 | 3215.1 | 3200.8 | 3186.5 | 23 |
| Private defined contribution pension funds; total financial assets (8) | FL574090055 | 7976.9 | 9229.9 | 8371.8 | 8742.3 | 8496.1 | 9229.9 | 9792.8 | 9945.1 | 10428.2 | 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: December 12, 2024