Financial Accounts of the United States - Z.1
S129.t 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 | Gross saving less net capital transfers paid | FA596000105 | 49.0 | 3.8 | 4.1 | 3.9 | 3.9 | 4.0 | 4.1 | 4.3 | 4.3 |
| Line 2 | Fixed nonresidential investment | FA595013005 | 9.8 | 10.1 | 10.3 | 10.1 | 10.2 | 10.2 | 10.3 | 10.4 | 10.5 |
| Line 3 | Net acquisition of financial assets(2) | FA594090005 | 508.6 | 307.4 | 294.2 | 302.9 | 244.4 | 321.3 | 266.1 | 345.1 | 272.8 |
| Line 4 | Checkable deposits and currency | FA593020005 | -6.2 | 21.7 | -6.6 | 13.5 | -42.2 | -41.7 | 23.0 | 34.5 | -7.5 |
| Line 5 | Time and savings deposits | FA593030005 | -4.1 | -3.0 | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 | -0.6 |
| Line 6 | Debt securities | FA594022005 | 122.2 | 232.2 | 203.6 | 136.7 | 118.2 | 202.9 | 270.7 | 222.5 | 198.2 |
| Line 7 | Open market paper | FA593069105 | 0.6 | -1.0 | 2.0 | 6.4 | -4.8 | 0.2 | 1.1 | 11.3 | 2.2 |
| Line 8 | Treasury securities | FA593061105 | 121.6 | 119.0 | 92.5 | 30.7 | 67.9 | 54.6 | 169.9 | 77.5 | 104.1 |
| Line 9 | Agency- and GSE-backed securities | FA593061705 | 15.4 | 32.6 | 34.0 | 25.0 | 14.9 | 96.3 | 66.3 | -41.7 | 22.9 |
| Line 10 | Municipal securities | FA593062045 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 |
| Line 11 | Corporate and foreign bonds | FA593063005 | -15.4 | 81.6 | 75.2 | 74.6 | 40.1 | 51.8 | 33.4 | 175.4 | 69.1 |
| Line 12 | Loans | FA594035005 | 270.1 | 294.3 | 443.1 | 602.1 | 61.5 | -440.0 | 1102.9 | 1048.0 | 232.0 |
| Line 13 | Security repurchase agreements | FA592051005 | 11.0 | 49.1 | 51.6 | 124.8 | -4.3 | 2.3 | 125.8 | 82.8 | 91.8 |
| Line 14 | Other loans and advances(3) | FA343069005 | 254.1 | 241.7 | 387.4 | 471.3 | 62.7 | -446.9 | 975.1 | 958.7 | 136.9 |
| Line 15 | Mortgages | FA593065005 | 5.0 | 3.4 | 4.1 | 6.1 | 3.2 | 4.6 | 2.0 | 6.5 | 3.3 |
| Line 16 | Corporate equities | FA593064105 | -312.4 | -239.9 | 47.5 | -189.3 | -209.4 | -181.7 | 808.5 | -227.3 | -106.6 |
| Line 17 | Money market fund shares | FA593034005 | -1.8 | 14.2 | 25.7 | 16.3 | 8.7 | 48.9 | 34.3 | 10.9 | 4.4 |
| Line 18 | Mutual fund shares | FA593064205 | 76.0 | -185.8 | -506.7 | -182.1 | -209.5 | -211.7 | -1298.0 | -307.5 | -185.3 |
| Line 19 | Miscellaneous assets | FA593090005 | 364.8 | 173.8 | 88.3 | -93.6 | 517.8 | 945.3 | -674.7 | -435.3 | 138.2 |
| Line 20 | Unallocated insurance contracts(4) | FA593095005 | -26.2 | 1.8 | 3.3 | 2.3 | 5.0 | 4.5 | -0.5 | 4.2 | -2.2 |
| Line 21 | Contributions receivable | FA573074005 | 4.1 | 3.9 | 3.4 | 3.8 | 2.8 | 2.1 | 6.1 | 2.8 | 4.3 |
| Line 22 | Claims of pension fund on sponsor(5) | FA593073005 | 292.9 | 243.4 | 145.7 | 5.5 | 512.9 | 947.1 | -492.9 | -384.2 | 374.3 |
| Line 23 | Other | FA593093005 | 94.0 | -75.2 | -64.3 | -105.2 | -2.9 | -8.5 | -187.5 | -58.1 | -238.1 |
| Line 24 | Net increase in pension entitlements (liabilities) | FA594190005 | 469.4 | 313.8 | 300.4 | 309.1 | 250.7 | 327.6 | 272.3 | 351.2 | 279.0 |
| Memo: | |||||||||||
| Line 25 | Household retirement assets(6) | FA153050015 | 988.7 | 930.5 | 649.6 | 1129.4 | 364.6 | 510.0 | 812.1 | 911.8 | |
| Line 26 | Defined benefit plans | FA594190045 | 244.9 | 242.8 | 242.1 | 243.7 | 241.9 | 241.9 | 243.1 | 241.5 | 242.3 |
| Line 27 | Defined contribution plans | FA594090055 | 224.5 | 70.9 | 58.3 | 65.4 | 8.8 | 85.7 | 29.2 | 109.7 | 36.7 |
| Line 28 | Individual retirement plans (IRAs)(7) | FA893131573 | 454.4 | 531.7 | 370.3 | 690.3 | 150.5 | 257.9 | 569.9 | 502.9 | |
| Line 29 | Annuities at life insurance companies(8) | FA543150015 | 64.8 | 85.0 | -21.1 | 130.0 | -36.7 | -75.5 | -30.1 | 57.7 | |
Notes:
- Sum of private, state and local government employee, and federal government employee 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.
- 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 item on the pension entitlements table (F6.2.t) for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 28.
Last Update: June 11, 2026