Financial Accounts of the United States - Z.1
S129.s Private and public 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) | FL594090005 | 26513.3 | 28170.7 | 29899.8 | 28170.7 | 27950.7 | 28875.9 | 29585.8 | 29899.8 | 29640.9 |
| Line 2 | Checkable deposits and currency | FL593020005 | 42.7 | 64.3 | 57.7 | 64.3 | 53.8 | 43.3 | 49.1 | 57.7 | 55.9 |
| Line 3 | Time and savings deposits | FL593030005 | 16.8 | 13.8 | 13.1 | 13.8 | 13.6 | 13.4 | 13.3 | 13.1 | 12.9 |
| Line 4 | Debt securities | LM594022005 | 2788.9 | 2995.2 | 3277.5 | 2995.2 | 3076.6 | 3144.1 | 3180.8 | 3277.5 | 3354.6 |
| Line 5 | Open market paper | FL593069105 | 46.7 | 45.7 | 47.7 | 45.7 | 44.5 | 44.6 | 44.8 | 47.7 | 48.2 |
| Line 6 | Treasury securities | LM593061105 | 907.4 | 1014.3 | 1144.0 | 1014.3 | 1056.2 | 1072.0 | 1124.4 | 1144.0 | 1203.0 |
| Line 7 | Agency- and GSE-backed securities | LM593061705 | 416.7 | 452.1 | 497.5 | 452.1 | 461.8 | 487.7 | 506.9 | 497.5 | 490.5 |
| 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 | 1418.1 | 1483.1 | 1588.3 | 1483.1 | 1514.0 | 1539.9 | 1504.6 | 1588.3 | 1612.7 |
| Line 10 | Loans | FL594035005 | 3037.9 | 3332.2 | 3775.3 | 3332.2 | 3317.6 | 3188.9 | 3448.1 | 3775.3 | 3802.1 |
| Line 11 | Security repurchase agreements | FL592051005 | 73.4 | 122.5 | 174.2 | 122.5 | 121.4 | 122.0 | 153.4 | 174.2 | 197.1 |
| Line 12 | Mortgages | FL593065005 | 30.2 | 33.7 | 37.7 | 33.7 | 34.5 | 35.6 | 36.1 | 37.7 | 38.5 |
| Line 13 | Other loans and advances(3) | FL343069005 | 2934.4 | 3176.0 | 3563.4 | 3176.0 | 3161.7 | 3031.3 | 3258.5 | 3563.4 | 3566.4 |
| Line 14 | Corporate equities | LM593064105 | 7380.7 | 8490.8 | 9999.3 | 8490.8 | 8094.9 | 8930.1 | 9759.3 | 9999.3 | 9501.5 |
| Line 15 | Money market fund shares | FL593034005 | 220.9 | 235.1 | 260.8 | 235.1 | 237.2 | 249.5 | 258.1 | 260.8 | 261.9 |
| Line 16 | Mutual fund shares | LM593064205 | 5321.8 | 5760.5 | 5989.5 | 5760.5 | 5603.3 | 5996.7 | 5987.6 | 5989.5 | 5806.6 |
| Line 17 | Miscellaneous assets | FL593090005 | 7703.5 | 7278.8 | 6526.6 | 7278.8 | 7553.6 | 7309.8 | 6889.6 | 6526.6 | 6845.5 |
| Line 18 | Unallocated insurance contracts(4) | FL593095005 | 887.2 | 915.2 | 946.3 | 915.2 | 912.3 | 929.9 | 942.2 | 946.3 | 939.5 |
| Line 19 | Contributions receivable | FL573074005 | 77.3 | 81.2 | 84.6 | 81.2 | 81.9 | 82.4 | 83.9 | 84.6 | 85.7 |
| Line 20 | Claims of pension fund on sponsor(5) | FL593073005 | 4702.0 | 4239.4 | 3324.8 | 4239.4 | 4522.3 | 4175.1 | 3678.7 | 3324.8 | 3619.8 |
| Line 21 | Other | FL593093005 | 2037.0 | 2043.0 | 2170.8 | 2043.0 | 2037.2 | 2122.4 | 2184.7 | 2170.8 | 2200.6 |
| Line 22 | Pension entitlements (liabilities)(6) | FL594190005 | 26702.5 | 28356.0 | 30038.1 | 28356.0 | 28136.0 | 29058.7 | 29771.2 | 30038.1 | 29767.3 |
| Memo: | |||||||||||
| Line 23 | Pension entitlements of defined benefit plans | FL594190045 | 16052.4 | 16353.5 | 16598.8 | 16353.5 | 16414.2 | 16476.3 | 16538.0 | 16598.8 | 16659.1 |
| Line 24 | Funded by assets(7) | FL592000075 | 11350.5 | 12114.2 | 13274.0 | 12114.2 | 11892.0 | 12301.2 | 12859.3 | 13274.0 | 13039.3 |
| Line 25 | Unfunded (line 20) | FL593073045 | 4702.0 | 4239.4 | 3324.8 | 4239.4 | 4522.3 | 4175.1 | 3678.7 | 3324.8 | 3619.8 |
| Line 26 | Household retirement assets(8) | FL153050015 | 45078.0 | 49016.8 | 53114.6 | 49016.8 | 48539.0 | 50746.5 | 52482.7 | 53114.6 | |
| Line 27 | Defined benefit plans | FL594190045 | 16052.4 | 16353.5 | 16598.8 | 16353.5 | 16414.2 | 16476.3 | 16538.0 | 16598.8 | 16659.1 |
| Line 28 | Defined contribution plans | FL594090055 | 10650.1 | 12002.4 | 13439.2 | 12002.4 | 11721.7 | 12582.4 | 13233.2 | 13439.2 | 13108.3 |
| Line 29 | Individual retirement plans (IRAs)(9) | LM893131573 | 15000.0 | 17000.0 | 19220.0 | 17000.0 | 16784.0 | 17960.0 | 18894.0 | 19220.0 | |
| Line 30 | Annuities at life insurance companies(10) | FL543150015 | 3375.5 | 3660.8 | 3856.6 | 3660.8 | 3619.0 | 3727.8 | 3817.5 | 3856.6 | |
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 line 29.
Last Update: June 11, 2026