Financial Accounts of the United States - Z.1
L.118.b Private Pension Funds Defined Benefit Plans
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 defined benefit pension funds; total financial assets (1) | FL574090045 | 3495.7 | 3624.4 | 3665.5 | 3705.8 | 3675.6 | 3685.6 | 3695.7 | 3705.8 | 3715.8 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 8.9 | 8.9 | 8.5 | 8.2 | 8.5 | 8.4 | 8.3 | 8.2 | 8.1 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 26.0 | 10.2 | 6.6 | 7.0 | 7.1 | 6.9 | 7.0 | 7.0 | 7.5 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 31.1 | 41.8 | 43.6 | 45.2 | 43.9 | 44.4 | 44.8 | 45.2 | 45.5 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 2.5 | 15.8 | 21.0 | 25.7 | 21.9 | 23.3 | 24.5 | 25.7 | 26.6 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1000.4 | 1104.6 | 1137.0 | 1080.8 | 1071.3 | 1091.7 | 1085.0 | 1080.8 | 1008.3 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 28.3 | 25.1 | 21.4 | 18.2 | 20.8 | 19.8 | 19.0 | 18.2 | 17.5 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 225.4 | 269.8 | 301.7 | 303.3 | 288.3 | 297.1 | 299.6 | 303.3 | 288.3 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 126.7 | 133.0 | 111.3 | 91.7 | 104.3 | 101.1 | 96.8 | 91.7 | 88.1 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 620.0 | 676.8 | 702.6 | 667.6 | 657.9 | 673.6 | 669.6 | 667.6 | 614.4 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.3 | 14.1 | 13.4 | 12.8 | 13.3 | 13.1 | 13.0 | 12.8 | 12.7 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1055.5 | 1210.1 | 1393.7 | 1673.5 | 1474.2 | 1576.8 | 1553.6 | 1673.5 | 1560.7 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 344.9 | 360.9 | 366.4 | 379.5 | 371.8 | 383.5 | 373.1 | 379.5 | 349.4 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 1012.1 | 858.0 | 675.3 | 473.1 | 663.5 | 537.5 | 586.6 | 473.1 | 697.0 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 62.8 | 60.9 | 63.2 | 66.5 | 63.6 | 66.1 | 65.3 | 66.5 | 66.0 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 46.8 | 41.4 | 24.2 | 9.1 | 21.3 | 16.9 | 13.0 | 9.1 | 6.2 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 601.7 | 404.8 | 218.9 | 12.8 | 206.6 | 77.8 | 127.6 | 12.8 | 237.0 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 300.8 | 350.9 | 368.9 | 384.7 | 372.0 | 376.6 | 380.6 | 384.7 | 387.8 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3532.3 | 3660.9 | 3702.1 | 3742.3 | 3712.1 | 3722.2 | 3732.2 | 3742.3 | 3752.3 | 19 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- 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 defined benefit pension entitlements.
Last Update: June 9, 2022