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 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | 24455.0 | 26088.2 | 27803.6 | 26486.0 | 27138.0 | 27213.2 | 27803.6 | 27365.5 | 26295.4 | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | 46.9 | 49.0 | 50.3 | 46.3 | 47.9 | 55.8 | 50.3 | 51.2 | 52.5 | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | 18.7 | 19.0 | 13.4 | 17.7 | 16.2 | 14.4 | 13.4 | 9.5 | 8.1 | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | 203.3 | 229.2 | 248.4 | 235.2 | 240.3 | 254.1 | 248.4 | 259.9 | 266.6 | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | 22.5 | 26.2 | 56.4 | 38.3 | 46.1 | 39.6 | 56.4 | 47.7 | 49.8 | 5 |
| Pension funds; debt securities; asset | LM594022005 | 4698.0 | 5120.7 | 5375.4 | 5040.1 | 5188.7 | 4995.1 | 5375.4 | 5235.3 | 5164.3 | 6 |
| Pension funds; commercial paper; asset | FL593069105 | 47.5 | 49.3 | 57.1 | 56.3 | 59.7 | 60.7 | 57.1 | 66.1 | 68.7 | 7 |
| Pension funds; Treasury securities; asset (3) | LM593061105 | 2920.6 | 3107.1 | 3356.7 | 3077.0 | 3157.8 | 2981.9 | 3356.7 | 3314.0 | 3329.5 | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | 401.4 | 437.8 | 424.7 | 429.6 | 430.3 | 437.6 | 424.7 | 417.5 | 413.2 | 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 | 1328.5 | 1526.5 | 1536.9 | 1477.1 | 1540.9 | 1514.9 | 1536.9 | 1437.8 | 1352.9 | 11 |
| Pension funds; loans; asset | FL594023005 | 31.1 | 31.4 | 32.8 | 31.9 | 31.8 | 212.5 | 32.8 | 31.5 | 31.4 | 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 | 180.6 | 0.0 | 0.0 | 0.0 | 13 |
| Pension funds; total mortgages; asset | FL593065005 | 31.1 | 31.4 | 32.8 | 31.9 | 31.8 | 31.9 | 32.8 | 31.5 | 31.4 | 14 |
| Pension funds; corporate equities; asset | LM593064105 | 5856.0 | 6657.8 | 8009.3 | 6991.0 | 7451.2 | 7380.6 | 8009.3 | 7592.0 | 6342.1 | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | 4690.6 | 5341.4 | 5813.2 | 5488.7 | 5774.0 | 5733.7 | 5813.2 | 5455.6 | 4680.2 | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | 8887.9 | 8613.5 | 8204.4 | 8596.7 | 8341.6 | 8527.5 | 8204.4 | 8682.7 | 9700.5 | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | 826.1 | 889.7 | 941.2 | 894.5 | 922.5 | 924.5 | 941.2 | 923.6 | 889.6 | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | 80.1 | 77.7 | 74.7 | 77.0 | 76.3 | 75.5 | 74.7 | 74.0 | 73.4 | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | 6284.2 | 5863.3 | 5130.0 | 5799.2 | 5455.9 | 5581.3 | 5130.0 | 5672.1 | 6706.5 | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | 1697.4 | 1782.8 | 2058.5 | 1826.0 | 1886.9 | 1946.1 | 2058.5 | 2013.0 | 2031.0 | 21 |
| Pension funds; total liabilities (6) | FL594190005 | 24633.2 | 26260.0 | 28012.1 | 26675.5 | 27337.4 | 27417.7 | 28012.1 | 27595.3 | 26527.3 | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16110.8 | 16550.3 | 16993.8 | 16661.7 | 16772.3 | 16883.3 | 16993.8 | 17102.9 | 17209.9 | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | 9826.6 | 10686.9 | 11863.8 | 10862.5 | 11316.4 | 11301.9 | 11863.8 | 11430.9 | 10503.5 | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | 6284.2 | 5863.3 | 5130.0 | 5799.2 | 5455.9 | 5581.3 | 5130.0 | 5672.1 | 6706.5 | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | 38401.6 | 41641.6 | 45135.6 | 42429.5 | 43885.9 | 43914.7 | 45135.6 | 43998.6 | ND | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | 16110.8 | 16550.3 | 16993.8 | 16661.7 | 16772.3 | 16883.3 | 16993.8 | 17102.9 | 17209.9 | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | 8522.5 | 9709.7 | 11018.3 | 10013.7 | 10565.1 | 10534.4 | 11018.3 | 10492.4 | 9317.3 | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | 10949.0 | 12333.0 | 13913.0 | 12695.0 | 13396.0 | 13336.0 | 13913.0 | 13168.0 | ND | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | 2819.3 | 3048.6 | 3210.5 | 3059.1 | 3152.5 | 3161.0 | 3210.5 | 3235.3 | 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: September 9, 2022