Financial Accounts of the United States - Z.1
S129.1.s Private pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(2) | FL574090005 | 12308.0 | 13412.5 | 14540.6 | 13151.5 | 13862.0 | 14405.8 | 14540.6 | 14226.3 | 15341.0 |
| Line 2 | Checkable deposits and currency | FL573020005 | 17.8 | 22.8 | 23.5 | 22.9 | 23.0 | 23.4 | 23.5 | 23.6 | 23.8 |
| Line 3 | Time and savings deposits | FL573030005 | 14.5 | 14.0 | 14.3 | 14.1 | 14.1 | 14.2 | 14.3 | 14.5 | 14.7 |
| Line 4 | Debt securities | LM574022005 | 1634.1 | 1638.6 | 1763.8 | 1678.3 | 1702.7 | 1752.3 | 1763.8 | 1769.0 | 1801.8 |
| Line 5 | Open market paper | FL573069105 | 34.9 | 33.8 | 34.4 | 33.9 | 33.9 | 34.3 | 34.4 | 34.8 | 35.4 |
| Line 6 | Treasury securities | LM573061105 | 484.8 | 503.8 | 563.1 | 522.7 | 532.1 | 555.5 | 563.1 | 573.0 | 590.2 |
| Line 7 | Agency- and GSE-backed securities | LM573061705 | 247.8 | 258.1 | 269.4 | 262.0 | 262.8 | 268.1 | 269.4 | 273.1 | 278.9 |
| Line 8 | Corporate and foreign bonds | LM573063005 | 866.6 | 842.9 | 896.8 | 859.7 | 873.9 | 894.5 | 896.8 | 888.1 | 897.3 |
| Line 9 | Loans | FL574035005 | 39.7 | 39.8 | 36.7 | 39.1 | 38.9 | 37.4 | 36.7 | 35.2 | 34.9 |
| Line 10 | Security repurchase agreements | FL572051005 | 14.3 | 13.4 | 13.5 | 13.4 | 13.4 | 13.5 | 13.5 | 13.5 | 13.5 |
| Line 11 | Mortgages | FL573065005 | 25.4 | 26.4 | 23.2 | 25.7 | 25.5 | 24.0 | 23.2 | 21.7 | 21.4 |
| Line 12 | Corporate equities | LM573064105 | 3410.2 | 4192.6 | 4875.7 | 3734.0 | 4198.5 | 4751.0 | 4875.7 | 4644.4 | 5333.4 |
| Line 13 | Money market fund shares | FL573034005 | 199.6 | 202.2 | 230.3 | 207.4 | 214.2 | 225.0 | 230.3 | 235.0 | 241.8 |
| Line 14 | Mutual fund shares | LM573064205 | 4867.3 | 5444.2 | 5706.8 | 5317.7 | 5681.6 | 5685.6 | 5706.8 | 5529.7 | 6066.2 |
| Line 15 | Hedge fund shares | LM573064743 | 379.6 | 380.6 | 412.9 | 380.9 | 390.0 | 404.6 | 412.9 | 412.2 | 460.8 |
| Line 16 | Private debt fund shares | LM573064540 | 85.2 | 84.6 | 94.4 | 87.7 | 87.4 | 86.4 | 94.4 | 89.1 | 88.7 |
| Line 17 | Miscellaneous assets | FL573090005 | 1660.1 | 1393.2 | 1382.2 | 1669.5 | 1511.6 | 1425.8 | 1382.2 | 1473.7 | 1274.9 |
| Line 18 | Unallocated insurance contracts(3) | FL573095005 | 559.9 | 573.1 | 599.4 | 570.1 | 585.8 | 596.0 | 599.4 | 591.8 | 611.2 |
| Line 19 | Contributions receivable | FL573074005 | 77.3 | 79.5 | 82.6 | 80.0 | 80.0 | 82.1 | 82.6 | 84.8 | 88.1 |
| Line 20 | Claims of pension fund on sponsor(4) | FL573073005 | 293.9 | -208.6 | -132.4 | 252.5 | 85.1 | -62.5 | -132.4 | -89.5 | -347.3 |
| Line 21 | Other | FL573093005 | 729.0 | 949.3 | 832.6 | 767.0 | 760.6 | 810.2 | 832.6 | 886.5 | 922.9 |
| Line 22 | Pension entitlements (liabilities)(5) | FL574190005 | 12348.1 | 13453.5 | 14583.3 | 13193.0 | 13903.8 | 14448.1 | 14583.3 | 14269.4 | 15384.5 |
| Memo: | |||||||||||
| Line 23 | Pension entitlements of defined benefit plans | FL574190043 | 3278.1 | 3228.0 | 3154.5 | 3209.6 | 3191.3 | 3172.9 | 3154.5 | 3136.2 | 3117.8 |
| Line 24 | Funded by assets(6) | FL572000075 | 2984.2 | 3436.6 | 3287.0 | 2957.1 | 3106.2 | 3235.4 | 3287.0 | 3225.7 | 3465.1 |
| Line 25 | Unfunded (line 17) | FL573073005 | 293.9 | -208.6 | -132.4 | 252.5 | 85.1 | -62.5 | -132.4 | -89.5 | -347.3 |
| Total financial assets | |||||||||||
| Line 26 | Defined benefit plans(7) | FL574090045 | 3238.0 | 3187.0 | 3111.8 | 3168.2 | 3149.5 | 3130.6 | 3111.8 | 3093.1 | 3074.3 |
| Line 27 | Defined contribution plans(8) | FL574090055 | 9070.0 | 10225.5 | 11428.8 | 9983.3 | 10712.5 | 11275.2 | 11428.8 | 11133.2 | 12266.7 |
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: September 11, 2026