L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2019 2020 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 Line
Pension funds; total financial assets (2) FL594090005 24486.1 25977.8 23483.0 24573.3 25127.2 25977.8 26359.0 27016.6 27093.2 1
Pension funds; checkable deposits and currency; asset FL593020005 47.8 60.8 49.7 50.1 52.3 60.8 55.4 59.1 60.1 2
Pension funds; total time and savings deposits; asset FL593030005 19.0 9.5 17.7 14.2 11.9 9.5 8.2 9.3 9.4 3
Pension funds; money market fund shares; asset FL593034005 200.4 247.2 224.9 232.8 242.1 247.2 251.6 256.6 262.4 4
Pension funds; security repurchase agreements; asset FL592051005 22.7 29.2 23.2 22.2 22.1 29.2 40.1 50.7 51.5 5
Pension funds; debt securities; asset LM594022005 4714.1 5118.4 4759.9 4866.6 4950.4 5118.4 5029.2 5199.2 5003.8 6
Pension funds; commercial paper; asset FL593069105 45.9 43.5 49.4 44.3 44.2 43.5 49.4 53.3 52.6 7
Pension funds; Treasury securities; asset (3) LM593061105 2935.4 3206.9 3000.1 2989.5 3074.6 3206.9 3169.2 3293.3 3108.4 8
Pension funds; agency- and GSE-backed securities; asset LM593061705 402.2 457.2 434.9 434.8 453.3 457.2 453.6 474.3 479.9 9
Pension funds; municipal securities; asset LM593062045 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10
Pension funds; corporate and foreign bonds; asset LM593063005 1330.5 1410.8 1275.5 1398.0 1378.2 1410.8 1357.0 1378.3 1362.9 11
Pension funds; loans; asset FL594023005 31.6 25.6 30.4 28.4 27.4 25.6 25.0 24.7 204.4 12
Federal government; other loans and advances due to federal government defined contribution retirement funds; liability FL313169003 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 180.6 13
Pension funds; total mortgages; asset FL593065005 31.6 25.6 30.4 28.4 27.4 25.6 25.0 24.7 23.9 14
Pension funds; corporate equities; asset LM593064105 5909.5 6623.2 4738.7 5472.0 5911.9 6623.2 6957.4 7446.2 7369.8 15
Pension funds; mutual fund shares; asset LM593064205 4682.3 5169.3 3873.6 4455.1 4688.4 5169.3 5284.0 5570.7 5523.1 16
Pension funds; total miscellaneous assets FL593090005 8858.7 8694.6 9764.9 9432.0 9220.6 8694.6 8708.1 8400.1 8608.7 17
Pension funds; unallocated insurance contracts; asset (4) FL593095005 846.1 882.0 809.3 841.8 855.1 882.0 883.0 902.3 899.9 18
Private pension funds; pension fund contributions receivable; asset FL573074005 80.1 70.2 79.4 76.6 73.7 70.2 67.9 64.3 61.0 19
Pension funds; claims of pension fund on sponsor; asset (5) FL593073005 6236.3 5934.5 7221.1 6735.8 6519.5 5934.5 5894.8 5549.9 5736.6 20
Pension funds; unidentified miscellaneous assets FL593093005 1696.2 1807.9 1655.0 1777.8 1772.2 1807.9 1862.4 1883.6 1911.1 21
Pension funds; total liabilities (6) FL594190005 24645.5 26160.8 23629.4 24719.0 25272.7 26160.8 26552.2 27184.2 27265.7 22
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 16110.8 16549.9 16216.8 16327.5 16438.5 16549.9 16661.0 16771.2 16881.7 23
Defined benefit pension funds; total funded assets (7) FL592000075 9874.5 10615.4 8995.7 9591.7 9918.9 10615.4 10766.2 11221.3 11145.1 24
Pension funds; defined benefit claims of pension fund on sponsor; asset FL593073045 6236.3 5934.5 7221.1 6735.8 6519.5 5934.5 5894.8 5549.9 5736.6 25
Households and nonprofit organizations; retirement assets (8) FL153050015 38294.9 41428.2 35616.6 38149.3 39342.2 41428.2 42171.7 43578.2 ND 26
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 16110.8 16549.9 16216.8 16327.5 16438.5 16549.9 16661.0 16771.2 16881.7 27
Defined contribution pension funds; total financial assets FL594090055 8534.7 9610.9 7412.5 8391.5 8834.3 9610.9 9891.2 10413.0 10384.0 28
All sectors; IRAs; liability (9) LM893131573 10850.0 12210.0 9365.0 10640.0 11190.0 12210.0 12555.0 13237.0 ND 29
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) FL543150015 2799.4 3057.3 2622.3 2790.3 2879.4 3057.3 3064.4 3157.0 ND 30

NOTES

  1. Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes both marketable and nonmarketable government securities.
  4. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  5. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  6. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  7. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  8. Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
  9. IRA assets are not included above. See memo items on table L.227 for a sectoral distribution of IRA accounts.
  10. Annuities held in IRAs are excluded. They are included in line 29.
Last Update: December 9, 2021