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 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private defined benefit pension funds; total financial assets (1) | FL574090045 | 3624.4 | 3665.5 | 3705.8 | 3675.6 | 3685.6 | 3695.7 | 3705.8 | 3715.8 | 3725.9 | 1 |
| Private defined benefit pension funds; checkable deposits and currency; asset | FL573020043 | 8.9 | 12.2 | 13.7 | 12.5 | 12.9 | 13.3 | 13.7 | 14.1 | 14.4 | 2 |
| Private defined benefit pension funds; total time and savings deposits; asset | FL573030043 | 10.2 | 11.9 | 5.2 | 10.5 | 8.7 | 7.0 | 5.2 | 3.7 | 2.3 | 3 |
| Private defined benefit pension funds; money market fund shares; asset | FL573034043 | 41.8 | 48.6 | 57.0 | 50.4 | 52.6 | 54.7 | 57.0 | 58.8 | 60.5 | 4 |
| Private defined benefit pension funds; security repurchase agreements; asset | FL572051043 | 15.8 | 18.4 | 25.9 | 19.9 | 22.0 | 23.8 | 25.9 | 27.6 | 29.1 | 5 |
| Private defined benefit pension funds; debt securities; asset | LM574022045 | 1104.6 | 1192.8 | 1164.1 | 1137.3 | 1167.7 | 1164.4 | 1164.1 | 1086.3 | 1026.7 | 6 |
| Private defined benefit pension funds; commercial paper; asset | FL573069143 | 25.1 | 29.2 | 29.6 | 29.3 | 29.4 | 29.5 | 29.6 | 29.7 | 29.8 | 7 |
| Private defined benefit pension funds; Treasury securities; asset | LM573061143 | 269.8 | 268.8 | 264.5 | 255.8 | 261.8 | 262.5 | 264.5 | 250.7 | 242.1 | 8 |
| Private defined benefit pension funds; agency- and GSE-backed securities; asset | LM573061743 | 133.0 | 132.4 | 130.0 | 129.6 | 130.9 | 131.0 | 130.0 | 124.1 | 121.3 | 9 |
| Private defined benefit pension funds; corporate and foreign bonds; asset | LM573063043 | 676.8 | 762.4 | 740.0 | 722.7 | 745.6 | 741.4 | 740.0 | 681.9 | 633.6 | 10 |
| Private defined benefit pension funds; total mortgages; asset | FL573065043 | 14.1 | 14.5 | 14.6 | 14.5 | 14.6 | 14.6 | 14.6 | 14.7 | 14.7 | 11 |
| Private defined benefit pension funds; corporate equities; asset | LM573064143 | 1210.1 | 1331.1 | 1537.4 | 1390.4 | 1472.2 | 1439.7 | 1537.4 | 1426.3 | 1159.7 | 12 |
| Private defined benefit pension funds; mutual fund shares; asset | LM573064243 | 360.9 | 406.6 | 433.8 | 414.7 | 431.9 | 423.5 | 433.8 | 401.4 | 345.0 | 13 |
| Private defined benefit pension funds; total miscellaneous assets | FL573090045 | 858.0 | 629.5 | 454.0 | 625.3 | 503.1 | 554.6 | 454.0 | 683.0 | 1073.3 | 14 |
| Private defined benefit pension funds; unallocated insurance contracts; asset (2) | FL573095405 | 60.9 | 64.2 | 64.5 | 64.0 | 65.7 | 64.3 | 64.5 | 60.8 | 55.2 | 15 |
| Private defined benefit pension funds; pension fund contributions receivable; asset | FL573074043 | 41.4 | 37.6 | 33.2 | 36.7 | 35.5 | 34.4 | 33.2 | 32.3 | 31.4 | 16 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (3) | FL573073005 | 404.8 | 164.5 | -36.6 | 155.3 | 24.5 | 71.2 | -36.6 | 190.5 | 581.3 | 17 |
| Private defined benefit pension funds; unidentified miscellaneous assets | FL573093043 | 350.9 | 363.2 | 392.9 | 369.3 | 377.4 | 384.7 | 392.9 | 399.4 | 405.5 | 18 |
| Private defined benefit pension funds; pension entitlements (total liabilities) (4) | FL574190043 | 3660.9 | 3702.1 | 3742.3 | 3712.1 | 3722.2 | 3732.2 | 3742.3 | 3752.3 | 3762.4 | 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: September 9, 2022