Financial Accounts of the United States - Z.1
S129.s Private and public pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(2) | FL594090005 | 26463.4 | 28083.1 | 29742.6 | 27864.2 | 28774.9 | 29477.6 | 29742.6 | 29499.1 | 30829.3 |
| Line 2 | Checkable deposits and currency | FL593020005 | 43.2 | 73.7 | 63.6 | 63.8 | 54.0 | 61.2 | 63.6 | 62.8 | 63.1 |
| Line 3 | Time and savings deposits | FL593030005 | 16.8 | 14.0 | 14.3 | 14.1 | 14.1 | 14.2 | 14.3 | 14.5 | 14.7 |
| Line 4 | Debt securities | LM594022005 | 2812.1 | 2953.0 | 3196.6 | 3025.6 | 3016.0 | 3162.3 | 3196.6 | 3248.1 | 3271.5 |
| Line 5 | Open market paper | FL593069105 | 46.9 | 46.4 | 48.2 | 45.7 | 46.3 | 47.3 | 48.2 | 41.2 | 42.2 |
| Line 6 | Treasury securities | LM593061105 | 915.8 | 1000.5 | 1138.8 | 1036.1 | 1044.5 | 1097.2 | 1138.8 | 1165.7 | 1175.1 |
| Line 7 | Agency- and GSE-backed securities | LM593061705 | 420.0 | 449.6 | 486.5 | 456.8 | 480.1 | 499.4 | 486.5 | 504.5 | 506.5 |
| Line 8 | Municipal securities | LM593062045 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 9 | Corporate and foreign bonds | LM593063005 | 1429.4 | 1456.6 | 1523.0 | 1487.0 | 1445.1 | 1518.3 | 1523.0 | 1536.7 | 1547.6 |
| Line 10 | Loans | FL594035005 | 3039.3 | 3331.8 | 3782.4 | 3315.9 | 3186.5 | 3444.0 | 3782.4 | 3831.4 | 3858.0 |
| Line 11 | Security repurchase agreements | FL592051005 | 74.6 | 124.1 | 190.7 | 123.3 | 124.4 | 156.2 | 190.7 | 238.1 | 229.8 |
| Line 12 | Mortgages | FL593065005 | 30.3 | 31.6 | 28.2 | 30.9 | 30.8 | 29.2 | 28.2 | 26.9 | 26.6 |
| Line 13 | Other loans and advances(3) | FL343069005 | 2934.4 | 3176.0 | 3563.4 | 3161.7 | 3031.3 | 3258.5 | 3563.4 | 3566.4 | 3601.6 |
| Line 14 | Corporate equities | LM593064105 | 7167.7 | 8277.8 | 9464.5 | 7718.0 | 8504.1 | 9266.5 | 9464.5 | 9005.5 | 10179.5 |
| Line 15 | Money market fund shares | FL593034005 | 221.2 | 230.6 | 265.1 | 234.4 | 247.5 | 260.4 | 265.1 | 272.1 | 278.3 |
| Line 16 | Mutual fund shares | LM593064205 | 5323.2 | 5897.9 | 6254.0 | 5757.7 | 6186.1 | 6210.7 | 6254.0 | 6051.9 | 6641.2 |
| Line 17 | Hedge fund shares | LM593064745 | 791.3 | 823.9 | 926.7 | 830.7 | 863.3 | 897.3 | 926.7 | 941.3 | 1052.0 |
| Line 18 | Private debt fund shares | LM593064545 | 251.4 | 275.6 | 289.6 | 280.4 | 282.9 | 280.7 | 289.6 | 275.9 | 274.8 |
| Line 19 | Miscellaneous assets | FL593090005 | 6797.2 | 6204.8 | 5485.7 | 6623.6 | 6420.4 | 5880.2 | 5485.7 | 5795.6 | 5196.2 |
| Line 20 | Unallocated insurance contracts(4) | FL593095005 | 840.4 | 868.4 | 910.1 | 868.1 | 888.1 | 903.6 | 910.1 | 904.4 | 930.4 |
| Line 21 | Contributions receivable | FL573074005 | 77.3 | 79.5 | 82.6 | 80.0 | 80.0 | 82.1 | 82.6 | 84.8 | 88.1 |
| Line 22 | Claims of pension fund on sponsor(5) | FL593073005 | 4583.2 | 3759.3 | 3093.9 | 4411.7 | 4089.5 | 3544.0 | 3093.9 | 3412.4 | 2726.3 |
| Line 23 | Other | FL593093005 | 1296.2 | 1497.6 | 1399.1 | 1263.9 | 1362.8 | 1350.5 | 1399.1 | 1394.0 | 1451.3 |
| Line 24 | Pension entitlements (liabilities)(6) | FL594190005 | 26655.7 | 28270.2 | 29931.0 | 28051.3 | 28959.6 | 29664.6 | 29931.0 | 29665.0 | 30997.6 |
| Memo: | |||||||||||
| Line 25 | Pension entitlements of defined benefit plans | FL594190045 | 16052.4 | 16353.5 | 16598.8 | 16414.2 | 16476.3 | 16538.0 | 16598.8 | 16659.1 | 16721.7 |
| Line 26 | Funded by assets(7) | FL592000075 | 11469.3 | 12594.3 | 13504.9 | 12002.5 | 12386.9 | 12994.0 | 13504.9 | 13246.6 | 13995.4 |
| Line 27 | Unfunded (line 20) | FL593073045 | 4583.2 | 3759.3 | 3093.9 | 4411.7 | 4089.5 | 3544.0 | 3093.9 | 3412.4 | 2726.3 |
| Line 28 | Household retirement assets(8) | FL153050015 | 44662.1 | 48497.9 | 52562.1 | 48045.5 | 50227.1 | 51934.5 | 52562.1 | 51705.5 | |
| Line 29 | Defined benefit plans | FL594190045 | 16052.4 | 16353.5 | 16598.8 | 16414.2 | 16476.3 | 16538.0 | 16598.8 | 16659.1 | 16721.7 |
| Line 30 | Defined contribution plans | FL594090055 | 10603.2 | 11916.6 | 13332.2 | 11637.1 | 12483.3 | 13126.5 | 13332.2 | 13006.0 | 14275.8 |
| Line 31 | Individual retirement plans (IRAs)(9) | LM893131573 | 14584.0 | 16520.0 | 18725.0 | 16320.0 | 17475.0 | 18395.0 | 18725.0 | 18175.0 | |
| Line 32 | Annuities at life insurance companies(10) | FL543150015 | 3422.4 | 3707.7 | 3906.1 | 3674.2 | 3792.4 | 3874.9 | 3906.1 | 3865.5 | |
Notes:
- Sum of private, state and local government employee, and federal government defined benefit and defined contribution pension 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 the pension entitlements table (F6.2.s) for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in individual retirement plans (IRAs).
Last Update: September 11, 2026