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 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 Line
Pension funds; total financial assets (2) FL594090005 24458.4 25991.6 27658.8 26337.5 27212.1 26116.1 25828.6 26337.5 26863.3 1
Pension funds; checkable deposits and currency; asset FL593020005 46.9 49.6 52.1 49.9 50.4 50.4 49.3 49.9 49.5 2
Pension funds; total time and savings deposits; asset FL593030005 18.7 19.1 13.1 12.6 9.5 9.7 6.0 12.6 13.9 3
Pension funds; money market fund shares; asset FL593034005 203.3 229.6 256.4 279.3 259.5 262.9 268.2 279.3 287.6 4
Pension funds; security repurchase agreements; asset FL592051005 22.5 26.4 53.9 82.6 47.6 48.7 63.4 82.6 85.5 5
Pension funds; debt securities; asset LM594022005 4698.0 5142.9 5367.3 5230.1 5234.0 5095.2 5025.8 5230.1 5044.3 6
Pension funds; commercial paper; asset FL593069105 47.5 49.5 63.2 55.3 66.0 65.5 59.1 55.3 53.5 7
Pension funds; Treasury securities; asset (3) LM593061105 2920.6 3114.2 3340.7 3460.1 3312.9 3290.1 3288.3 3460.1 3197.3 8
Pension funds; agency- and GSE-backed securities; asset LM593061705 401.4 441.7 434.3 378.7 421.4 399.2 374.2 378.7 396.0 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 1537.5 1529.2 1336.0 1433.8 1340.4 1304.1 1336.0 1397.5 11
Pension funds; loans; asset FL594023005 31.1 31.5 31.6 31.5 31.5 34.1 32.3 31.5 304.3 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 0.0 0.0 272.8 13
Pension funds; total mortgages; asset FL593065005 31.1 31.5 31.6 31.5 31.5 34.1 32.3 31.5 31.5 14
Pension funds; corporate equities; asset LM593064105 5856.0 6716.5 7994.4 6430.4 7545.7 6432.6 5986.9 6430.4 6629.6 15
Pension funds; mutual fund shares; asset LM593064205 4690.6 5345.4 5856.2 4667.2 5480.5 4750.1 4461.7 4667.2 4868.3 16
Pension funds; total miscellaneous assets FL593090005 8891.2 8430.7 8033.7 9553.9 8553.4 9432.3 9935.0 9553.9 9580.2 17
Pension funds; unallocated insurance contracts; asset (4) FL593095005 826.0 889.6 944.8 904.9 928.0 896.2 886.1 904.9 926.0 18
Private pension funds; pension fund contributions receivable; asset FL573074005 80.1 77.7 74.7 70.7 74.0 73.4 72.2 70.7 69.5 19
Pension funds; claims of pension fund on sponsor; asset (5) FL593073005 6287.7 5700.8 4990.3 6433.3 5520.3 6389.9 6812.9 6433.3 6424.2 20
Pension funds; unidentified miscellaneous assets FL593093005 1697.3 1762.6 2023.8 2145.0 2031.0 2072.8 2163.9 2145.0 2160.6 21
Pension funds; total liabilities (6) FL594190005 24636.6 26166.1 27870.6 26587.1 27440.9 26358.9 26070.0 26587.1 27122.4 22
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 16114.3 16456.7 16848.7 17233.3 16945.1 17039.5 17134.9 17233.3 17331.9 23
Defined benefit pension funds; total funded assets (7) FL592000075 9826.6 10755.8 11858.4 10800.0 11424.8 10649.6 10322.1 10800.0 10907.7 24
Pension funds; defined benefit claims of pension fund on sponsor; asset FL593073045 6287.7 5700.8 4990.3 6433.3 5520.3 6389.9 6812.9 6433.3 6424.2 25
Households and nonprofit organizations; retirement assets (8) FL153050015 38401.5 41548.1 45004.8 41088.6 43731.4 40976.6 40039.2 41088.6 ND 26
Defined benefit pension funds; pension entitlements (total liabilities) FL594190045 16114.3 16456.7 16848.7 17233.3 16945.1 17039.5 17134.9 17233.3 17331.9 27
Defined contribution pension funds; total financial assets FL594090055 8522.3 9709.5 11021.9 9353.8 10495.8 9319.4 8935.0 9353.8 9790.5 28
All sectors; IRAs; liability (9) LM893131573 10949.0 12333.0 13913.0 11484.0 13168.0 11669.0 11048.0 11484.0 ND 29
Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) FL543150015 2816.0 3049.0 3221.2 3017.5 3122.6 2948.8 2921.2 3017.5 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 8, 2023