Financial Accounts of the United States - Z.1
L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2015 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 20393.1 | 21197.1 | 22428.8 | 22413.0 | 22471.1 | 22681.5 | 22989.6 | 22413.0 | 23096.7 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 59.4 | 62.4 | 50.1 | 46.9 | 49.6 | 48.0 | 48.0 | 46.9 | 46.1 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 34.5 | 34.2 | 32.3 | 28.9 | 31.2 | 30.1 | 29.5 | 28.9 | 28.4 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 207.9 | 224.7 | 212.1 | 202.1 | 210.0 | 205.9 | 204.7 | 202.1 | 199.8 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 6.5 | 7.4 | 6.6 | 5.8 | 6.4 | 6.1 | 6.0 | 5.8 | 5.6 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3792.3 | 3951.8 | 4018.2 | 4397.4 | 4196.9 | 4196.7 | 4272.8 | 4397.4 | 4291.1 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 84.0 | 95.2 | 85.5 | 76.0 | 83.4 | 79.7 | 78.7 | 76.0 | 74.0 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2176.1 | 2334.8 | 2331.3 | 2752.8 | 2505.0 | 2530.6 | 2580.2 | 2752.8 | 2569.4 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 268.0 | 275.8 | 292.1 | 326.4 | 292.7 | 295.2 | 296.7 | 326.4 | 341.5 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.5 | 2.7 | 3.8 | 3.1 | 2.9 | 2.7 | 2.7 | 3.1 | 3.0 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1261.7 | 1243.3 | 1305.4 | 1239.0 | 1312.9 | 1288.5 | 1314.4 | 1239.0 | 1303.2 | 11 |
| Pension funds; loans; asset | FL594023005 | 30.0 | 37.3 | 178.6 | 25.9 | 25.8 | 26.1 | 26.3 | 25.9 | 233.0 | 12 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FL313169003 | 0.0 | 0.0 | 151.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 207.3 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 30.0 | 37.3 | 26.9 | 25.9 | 25.8 | 26.1 | 26.3 | 25.9 | 25.7 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 4710.8 | 4907.9 | 5683.8 | 5123.7 | 5556.0 | 5642.4 | 5820.6 | 5123.7 | 5741.6 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3553.7 | 3768.1 | 4350.4 | 4049.0 | 4330.8 | 4393.8 | 4517.0 | 4049.0 | 4464.2 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 7998.0 | 8203.2 | 7896.7 | 8533.4 | 8064.4 | 8132.4 | 8064.6 | 8533.4 | 8086.7 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 651.5 | 683.6 | 711.5 | 707.4 | 706.3 | 711.5 | 725.5 | 707.4 | 732.8 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 91.3 | 95.2 | 101.2 | 110.2 | 104.0 | 106.5 | 108.5 | 110.2 | 111.5 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6444.5 | 6516.6 | 6112.3 | 6727.7 | 6276.6 | 6325.5 | 6235.9 | 6727.7 | 6246.8 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 810.8 | 907.8 | 971.6 | 988.1 | 977.5 | 988.9 | 994.7 | 988.1 | 995.6 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 20570.5 | 21344.4 | 22561.8 | 22541.7 | 22603.4 | 22814.6 | 23124.4 | 22541.7 | 23227.2 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14469.5 | 14825.9 | 15181.3 | 15523.7 | 15267.5 | 15353.6 | 15439.8 | 15523.7 | 15611.1 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8025.1 | 8309.3 | 9069.0 | 8796.0 | 8990.8 | 9028.1 | 9203.9 | 8796.0 | 9364.3 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6444.5 | 6516.6 | 6112.3 | 6727.7 | 6276.6 | 6325.5 | 6235.9 | 6727.7 | 6246.8 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 30449.9 | 31912.7 | 34436.3 | 33994.1 | 34455.1 | 34830.3 | 35467.6 | 33994.1 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14469.5 | 14825.9 | 15181.3 | 15523.7 | 15267.5 | 15353.6 | 15439.8 | 15523.7 | 15611.1 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6101.0 | 6518.5 | 7380.5 | 7018.1 | 7336.0 | 7461.0 | 7684.6 | 7018.1 | 7616.1 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 7477.0 | 8080.0 | 9200.0 | 8806.0 | 9173.0 | 9303.0 | 9583.0 | 8806.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2402.4 | 2488.3 | 2674.5 | 2646.4 | 2678.7 | 2712.7 | 2760.2 | 2646.4 | ND | 30 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes both marketable and nonmarketable government securities.
- Assets of pension plans held at life insurance companies; 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.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 29.
Last Update: June 6, 2019