Financial Accounts of the United States - Z.1
S129.1.s Private pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(2) | FL574090005 | 12590.3 | 13738.7 | 14914.8 | 13738.7 | 13467.6 | 14212.7 | 14776.0 | 14914.8 | 14588.0 |
| Line 2 | Checkable deposits and currency | FL573020005 | 17.8 | 14.0 | 10.9 | 14.0 | 13.3 | 12.7 | 11.7 | 10.9 | 9.9 |
| Line 3 | Time and savings deposits | FL573030005 | 14.5 | 13.8 | 13.1 | 13.8 | 13.6 | 13.4 | 13.3 | 13.1 | 12.9 |
| Line 4 | Debt securities | LM574022005 | 1634.1 | 1697.0 | 1850.7 | 1697.0 | 1746.2 | 1781.6 | 1831.7 | 1850.7 | 1847.4 |
| Line 5 | Open market paper | FL573069105 | 34.9 | 33.2 | 31.5 | 33.2 | 32.8 | 32.4 | 32.0 | 31.5 | 31.1 |
| Line 6 | Treasury securities | LM573061105 | 484.8 | 523.8 | 602.2 | 523.8 | 549.3 | 566.4 | 588.7 | 602.2 | 607.0 |
| Line 7 | Agency- and GSE-backed securities | LM573061705 | 247.8 | 262.9 | 281.8 | 262.9 | 269.4 | 273.3 | 278.1 | 281.8 | 283.6 |
| Line 8 | Corporate and foreign bonds | LM573063005 | 866.6 | 877.1 | 935.2 | 877.1 | 894.7 | 909.5 | 932.9 | 935.2 | 925.7 |
| Line 9 | Loans | FL574035005 | 39.7 | 41.7 | 43.9 | 41.7 | 42.3 | 43.0 | 43.3 | 43.9 | 44.3 |
| Line 10 | Security repurchase agreements | FL572051005 | 14.3 | 13.2 | 12.1 | 13.2 | 12.9 | 12.6 | 12.4 | 12.1 | 11.8 |
| Line 11 | Mortgages | FL573065005 | 25.4 | 28.5 | 31.9 | 28.5 | 29.4 | 30.3 | 30.9 | 31.9 | 32.5 |
| Line 12 | Corporate equities | LM573064105 | 3689.1 | 4449.3 | 5394.2 | 4449.3 | 4210.0 | 4675.5 | 5288.0 | 5394.2 | 5172.2 |
| Line 13 | Money market fund shares | FL573034005 | 203.2 | 210.5 | 230.2 | 210.5 | 214.4 | 220.5 | 226.9 | 230.2 | 230.1 |
| Line 14 | Mutual fund shares | LM573064205 | 5088.3 | 5535.9 | 5710.2 | 5535.9 | 5383.0 | 5732.6 | 5715.1 | 5710.2 | 5531.5 |
| Line 15 | Miscellaneous assets | FL573090005 | 1903.6 | 1776.5 | 1661.5 | 1776.5 | 1844.7 | 1733.3 | 1646.0 | 1661.5 | 1739.6 |
| Line 16 | Unallocated insurance contracts(3) | FL573095005 | 602.3 | 614.3 | 629.5 | 614.3 | 608.9 | 621.8 | 628.6 | 629.5 | 621.1 |
| Line 17 | Contributions receivable | FL573074005 | 77.3 | 81.2 | 84.6 | 81.2 | 81.9 | 82.4 | 83.9 | 84.6 | 85.7 |
| Line 18 | Claims of pension fund on sponsor(4) | FL573073005 | 293.9 | 192.0 | 94.0 | 192.0 | 278.1 | 168.3 | 82.3 | 94.0 | 196.0 |
| Line 19 | Other | FL573093005 | 930.1 | 889.1 | 853.4 | 889.1 | 875.8 | 860.8 | 851.1 | 853.4 | 836.8 |
| Line 20 | Pension entitlements (liabilities)(5) | FL574190005 | 12630.4 | 13779.8 | 14957.5 | 13779.8 | 13509.1 | 14254.5 | 14818.3 | 14957.5 | 14631.1 |
| Memo: | |||||||||||
| Line 21 | Pension entitlements of defined benefit plans | FL574190043 | 3278.1 | 3228.0 | 3154.5 | 3228.0 | 3209.6 | 3191.3 | 3172.9 | 3154.5 | 3136.2 |
| Line 22 | Funded by assets(6) | FL572000075 | 2984.2 | 3036.0 | 3060.6 | 3036.0 | 2931.6 | 3023.0 | 3090.6 | 3060.6 | 2940.2 |
| Line 23 | Unfunded (line 17) | FL573073005 | 293.9 | 192.0 | 94.0 | 192.0 | 278.1 | 168.3 | 82.3 | 94.0 | 196.0 |
| Total financial assets | |||||||||||
| Line 24 | Defined benefit plans(7) | FL574090045 | 3238.0 | 3187.0 | 3111.8 | 3187.0 | 3168.2 | 3149.5 | 3130.6 | 3111.8 | 3093.1 |
| Line 25 | Defined contribution plans(8) | FL574090055 | 9352.3 | 10551.8 | 11803.0 | 10551.8 | 10299.4 | 11063.2 | 11645.4 | 11803.0 | 11494.9 |
Notes:
- Sum of 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 S129s1.1.s.
- Additional detail on defined contribution plans is available on table S129s2.1.s.
Last Update: June 11, 2026