L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2018 2019 2020 2021 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 Line
Pension funds; total financial assets (2) FL594090005 22661.4 24455.0 25973.5 27614.6 26352.4 26975.2 27050.1 27614.6 27213.9 1
Pension funds; checkable deposits and currency; asset FL593020005 46.1 46.9 60.6 63.9 58.0 60.4 69.9 63.9 65.8 2
Pension funds; total time and savings deposits; asset FL593030005 32.1 18.7 14.4 15.9 15.0 15.1 15.2 15.9 16.8 3
Pension funds; money market fund shares; asset FL593034005 218.2 203.3 243.7 257.4 247.9 251.9 265.3 257.4 266.0 4
Pension funds; security repurchase agreements; asset FL592051005 7.0 22.5 28.9 56.1 40.3 47.8 40.9 56.1 62.7 5
Pension funds; debt securities; asset LM594022005 4453.3 4698.0 5096.7 5328.6 5003.0 5144.6 4952.6 5328.6 5232.3 6
Pension funds; commercial paper; asset FL593069105 89.7 47.5 43.0 47.2 49.3 51.9 50.5 47.2 48.8 7
Pension funds; Treasury securities; asset (3) LM593061105 2779.3 2920.6 3194.3 3461.8 3161.7 3248.5 3095.0 3461.8 3478.5 8
Pension funds; agency- and GSE-backed securities; asset LM593061705 355.7 401.4 423.5 397.8 411.1 409.8 415.4 397.8 386.9 9
Pension funds; municipal securities; asset LM593062045 4.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10
Pension funds; corporate and foreign bonds; asset LM593063005 1224.5 1328.5 1435.9 1421.7 1380.9 1434.4 1391.7 1421.7 1318.1 11
Pension funds; loans; asset FL594023005 36.1 31.1 25.1 23.4 25.2 24.2 204.2 23.4 22.5 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 0.0 180.6 0.0 0.0 13
Pension funds; total mortgages; asset FL593065005 36.1 31.1 25.1 23.4 25.2 24.2 23.6 23.4 22.5 14
Pension funds; corporate equities; asset LM593064105 5218.6 5856.0 6637.8 8023.7 6983.3 7457.9 7357.0 8023.7 7634.4 15
Pension funds; mutual fund shares; asset LM593064205 4041.5 4690.6 5166.6 5607.3 5307.0 5581.6 5540.4 5607.3 5217.8 16
Pension funds; total miscellaneous assets FL593090005 8608.4 8887.9 8699.8 8238.2 8672.8 8391.6 8604.6 8238.2 8695.6 17
Pension funds; unallocated insurance contracts; asset (4) FL593095005 788.5 826.1 855.0 890.4 857.3 879.1 877.8 890.4 882.6 18
Private pension funds; pension fund contributions receivable; asset FL573074005 84.7 80.1 69.8 58.1 67.3 64.0 61.2 58.1 56.8 19
Pension funds; claims of pension fund on sponsor; asset (5) FL593073005 6771.6 6284.2 5917.8 5179.3 5854.9 5497.5 5629.8 5179.3 5647.2 20
Pension funds; unidentified miscellaneous assets FL593093005 963.6 1697.4 1857.3 2110.4 1893.2 1951.0 2035.8 2110.4 2109.0 21
Pension funds; total liabilities (6) FL594190005 22767.2 24633.2 26145.3 27823.1 26541.8 27176.5 27257.1 27823.1 27428.2 22
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 15591.2 16110.8 16550.3 16993.8 16661.7 16772.3 16883.3 16993.8 17102.9 23
Defined benefit pension funds; total funded assets (7) FL592000075 8819.6 9826.6 10632.5 11814.5 10806.8 11274.8 11253.5 11814.5 11455.7 24
Pension funds; defined benefit claims of pension fund on sponsor; asset FL593073045 6771.6 6284.2 5917.8 5179.3 5854.9 5497.5 5629.8 5179.3 5647.2 25
Households and nonprofit organizations; retirement assets (8) FL153050015 34453.1 38401.6 41561.7 44997.4 42333.0 43768.4 43800.8 44997.4 ND 26
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 15591.2 16110.8 16550.3 16993.8 16661.7 16772.3 16883.3 16993.8 17102.9 27
Defined contribution pension funds; total financial assets FL594090055 7176.1 8522.5 9595.1 10829.3 9880.1 10404.2 10373.9 10829.3 10325.3 28
All sectors; IRAs; liability (9) LM893131573 9135.0 10949.0 12333.0 13913.0 12695.0 13396.0 13336.0 13913.0 ND 29
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) FL543150015 2550.8 2819.3 3083.4 3261.3 3096.2 3195.9 3207.6 3261.3 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: June 9, 2022