L.118 Private 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
Private pension funds; total financial assets (2) FL574090005 9695.8 11051.2 12035.9 13168.9 12293.5 12767.5 12751.5 13168.9 12705.3 1
Private pension funds; checkable deposits and currency; asset FL573020005 16.8 24.1 31.6 35.2 32.1 33.3 34.4 35.2 37.1 2
Private pension funds; total time and savings deposits; asset FL573030005 30.0 14.5 12.2 13.2 12.8 12.8 13.0 13.2 14.1 3
Private pension funds; money market fund shares; asset FL573034005 158.5 179.9 220.0 238.4 222.2 227.8 233.9 238.4 248.1 4
Private pension funds; security repurchase agreements; asset FL572051005 2.5 15.8 21.0 25.7 21.9 23.3 24.5 25.7 26.6 5
Private pension funds; debt securities; asset LM574022005 1416.1 1565.8 1695.6 1636.0 1603.0 1640.7 1638.6 1636.0 1547.8 6
Private pension funds; total commercial paper; asset FL573069105 37.6 35.1 34.4 32.6 34.0 33.5 33.1 32.6 32.7 7
Private pension funds; Treasury securities; asset LM573061105 371.9 440.0 550.1 574.1 527.5 551.0 562.8 574.1 560.7 8
Private pension funds; agency- and GSE-backed securities; asset LM573061705 205.0 224.1 221.9 194.8 209.0 206.8 202.4 194.8 191.9 9
Private pension funds; corporate and foreign bonds; asset LM573063005 801.5 866.5 889.2 834.5 832.5 849.4 840.3 834.5 762.4 10
Private pension funds; total mortgages; asset FL573065005 23.8 23.2 18.1 15.4 17.7 16.8 16.0 15.4 14.1 11
Private pension funds, including 403(b) plans; corporate equities; asset LM573064105 2448.0 2961.8 3375.7 4107.5 3576.5 3837.0 3795.4 4107.5 3848.3 12
Private pension funds; mutual fund shares; asset LM573064205 3594.6 4320.0 4742.7 5292.9 4890.3 5149.2 5100.1 5292.9 4926.8 13
Private pension funds; total miscellaneous assets FL573090005 2005.7 1946.0 1918.9 1804.6 1916.9 1826.6 1895.6 1804.6 2042.3 14
Private pension funds; unallocated insurance contracts; asset (3) FL573095005 555.8 580.1 600.6 622.1 601.2 617.0 614.7 622.1 613.5 15
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 16
Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) FL573073005 601.7 404.8 218.9 12.8 206.6 77.8 127.6 12.8 237.0 17
Private pension funds; unidentified miscellaneous assets FL573093005 763.5 881.0 1029.6 1111.7 1041.8 1067.7 1092.1 1111.7 1135.0 18
Private pension funds; total liabilities (5) FL574190005 9732.4 11087.7 12072.4 13205.4 12330.0 12804.0 12788.0 13205.4 12741.8 19
Private defined benefit pension funds; pension entitlements (total liabilities) FL574190043 3532.3 3660.9 3702.1 3742.3 3712.1 3722.2 3732.2 3742.3 3752.3 20
Private defined benefit pension funds; total funded assets (6) FL572000075 2930.6 3256.1 3483.2 3729.5 3505.6 3644.3 3604.6 3729.5 3515.3 21
Private defined benefit pension funds; claims of pension fund on sponsor; asset FL573073005 601.7 404.8 218.9 12.8 206.6 77.8 127.6 12.8 237.0 22
Private defined benefit pension funds; total financial assets (7) FL574090045 3495.7 3624.4 3665.5 3705.8 3675.6 3685.6 3695.7 3705.8 3715.8 23
Private defined contribution pension funds; total financial assets (8) FL574090055 6200.1 7426.8 8370.3 9463.1 8617.9 9081.8 9055.8 9463.1 8989.5 24

NOTES

  1. Private defined benefit plans and defined contribution plans (including 401(k) type plans).
  2. Includes claims on sponsor (i.e., unfunded pension entitlements).
  3. Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
  4. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  5. Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  6. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  7. Additional detail on defined benefit plans is available on tables L.118.b.
  8. Additional detail on defined contribution plans is available on table L.118.c.
Last Update: June 9, 2022