Financial Accounts of the United States - Z.1
L.120.c State and local government employee defined contribution 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 assets | FL224090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Money market fund shares | FL223034055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Mutual fund shares | LM223064255 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Miscellaneous assets | FL223090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Unallocated insurance contracts (misc. assets)2 | FL223095505 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Other | FL223093053 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Pension entitlements (liabilities) | FL224090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Includes 403(b) and 457 type plans.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
Last Update: March 9, 2026