Financial Accounts of the United States - Z.1
L.117 Private and public pension funds1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets2 | FL594090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Checkable deposits and currency | FL593020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Time and savings deposits | FL593030005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Money market fund shares | FL593034005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Security repurchase agreements | FL592051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Debt securities | LM594022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Open market paper | FL593069105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Treasury securities | LM593061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Agency- and GSE-backed securities | LM593061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Municipal securities | LM593062045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Corporate and foreign bonds | LM593063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Loans | FL594023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Other loans and advances3 | FL343069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Mortgages | FL593065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Corporate equities | LM593064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Mutual fund shares | LM593064205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Miscellaneous assets | FL593090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Unallocated insurance contracts4 | FL593095005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Contributions receivable | FL573074005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Claims of pension fund on sponsor5 | FL593073005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Other | FL593093005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Pension entitlements (liabilities)6 | FL594190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 23 | Pension entitlements of defined benefit plans | FL594190045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Funded by assets7 | FL592000075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Unfunded (line 20) | FL593073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Household retirement assets8 | FL153050015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Defined benefit plans | FL594190045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Defined contribution plans | FL594090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Individual retirement plans (IRAs)9 | LM893131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Annuities at life insurance companies10 | FL543150015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Sum of private, state and local government employee, and federal government defined benefit and defined contribution pension plans.
- Annuities held in IRAs are excluded. They are included in line 29.
- 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 table L.229 for a sectoral distribution of IRA accounts.
Last Update: March 9, 2026