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 | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 21223.0 | 22599.8 | 22689.9 | 24403.8 | 23414.6 | 23737.9 | 23887.9 | 24403.8 | 23388.8 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 58.6 | 53.0 | 53.8 | 58.4 | 56.2 | 54.6 | 54.5 | 58.4 | 70.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 34.3 | 37.5 | 38.3 | 39.5 | 38.8 | 38.9 | 39.1 | 39.5 | 41.6 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 223.4 | 221.0 | 223.1 | 231.0 | 227.8 | 224.3 | 223.6 | 231.0 | 256.1 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 7.5 | 7.6 | 7.6 | 8.1 | 8.0 | 7.7 | 7.5 | 8.1 | 8.5 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 3961.2 | 4099.9 | 4561.5 | 4982.9 | 4435.7 | 4456.1 | 4860.7 | 4982.9 | 5131.1 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 95.3 | 96.9 | 97.1 | 103.3 | 101.4 | 97.9 | 96.8 | 103.3 | 99.0 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2337.3 | 2370.4 | 2818.0 | 3001.6 | 2602.7 | 2561.2 | 2901.8 | 3001.6 | 3111.6 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 277.2 | 312.4 | 378.2 | 417.4 | 397.9 | 411.6 | 414.9 | 417.4 | 474.3 | 9 |
| Pension funds; municipal securities; asset | LM593062045 | 2.7 | 3.4 | 4.1 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 2.5 | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | 1248.7 | 1316.7 | 1264.1 | 1457.4 | 1330.4 | 1382.2 | 1444.0 | 1457.4 | 1443.8 | 11 |
| Pension funds; loans; asset | FL594023005 | 36.8 | 185.2 | 41.7 | 60.3 | 258.2 | 259.8 | 68.1 | 60.3 | 62.7 | 12 |
| Federal government defined contribution retirement funds; other loans and advances; liability | FL313169003 | 0.0 | 151.7 | 0.0 | 15.8 | 215.3 | 216.7 | 23.1 | 15.8 | 15.7 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 36.8 | 33.6 | 41.7 | 44.5 | 42.8 | 43.0 | 45.0 | 44.5 | 47.0 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 4912.2 | 5744.0 | 5188.1 | 6292.0 | 5689.7 | 5868.3 | 5875.5 | 6292.0 | 4805.1 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 3769.8 | 4368.0 | 4083.4 | 4858.6 | 4478.7 | 4613.1 | 4581.2 | 4858.6 | 4008.6 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8219.3 | 7883.5 | 8492.4 | 7872.9 | 8221.6 | 8215.1 | 8177.7 | 7872.9 | 9004.6 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 768.4 | 805.3 | 785.3 | 845.1 | 815.5 | 827.9 | 831.9 | 845.1 | 809.2 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 100.1 | 119.3 | 131.5 | 142.1 | 135.0 | 137.1 | 140.0 | 142.1 | 150.1 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6497.7 | 5987.8 | 6535.9 | 5762.3 | 6212.8 | 6172.8 | 6120.1 | 5762.3 | 6943.8 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 853.1 | 971.3 | 1039.7 | 1123.4 | 1058.3 | 1077.3 | 1085.7 | 1123.4 | 1101.4 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 21370.3 | 22721.3 | 22796.7 | 24520.5 | 23525.8 | 23851.3 | 24001.9 | 24520.5 | 23509.9 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14808.0 | 15156.1 | 15525.3 | 15912.6 | 15622.8 | 15719.7 | 15815.7 | 15912.6 | 16005.2 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 8310.2 | 9168.3 | 8989.5 | 10150.3 | 9410.0 | 9546.8 | 9695.6 | 10150.3 | 9061.4 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6497.7 | 5987.8 | 6535.9 | 5762.3 | 6212.8 | 6172.8 | 6120.1 | 5762.3 | 6943.8 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 31785.9 | 34735.2 | 34584.2 | 38317.3 | 36227.6 | 36901.8 | 37202.4 | 38317.3 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 14808.0 | 15156.1 | 15525.3 | 15912.6 | 15622.8 | 15719.7 | 15815.7 | 15912.6 | 16005.2 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 6562.4 | 7565.2 | 7271.4 | 8607.9 | 7903.0 | 8131.6 | 8186.2 | 8607.9 | 7504.7 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 8015.0 | 9439.0 | 9250.0 | 11025.0 | 10050.0 | 10350.0 | 10475.0 | 11025.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2400.6 | 2574.9 | 2537.5 | 2771.8 | 2651.9 | 2700.6 | 2725.5 | 2771.8 | 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.
- 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.227 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 29.
Last Update: June 11, 2020