L.118 Private 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
Private pension funds; total financial assets (2) FL574090005 11060.9 12101.2 13314.5 11846.3 12828.7 11773.4 11441.2 11846.3 12243.6 1
Private pension funds; checkable deposits and currency; asset FL573020005 24.1 20.0 21.6 23.5 22.0 22.3 22.8 23.5 24.1 2
Private pension funds; total time and savings deposits; asset FL573030005 14.5 16.8 10.7 6.3 9.3 8.0 5.9 6.3 6.6 3
Private pension funds; money market fund shares; asset FL573034005 179.9 205.5 229.2 256.3 234.4 240.2 247.5 256.3 265.6 4
Private pension funds; security repurchase agreements; asset FL572051005 15.8 18.4 25.9 35.0 27.6 29.2 31.9 35.0 38.0 5
Private pension funds; debt securities; asset LM574022005 1565.8 1719.6 1682.3 1509.1 1578.0 1502.5 1453.7 1509.1 1579.0 6
Private pension funds; total commercial paper; asset FL573069105 35.1 40.7 42.4 44.2 42.8 43.2 43.7 44.2 44.8 7
Private pension funds; Treasury securities; asset LM573061105 440.0 462.8 468.7 449.3 446.5 434.3 429.7 449.3 479.3 8
Private pension funds; agency- and GSE-backed securities; asset LM573061705 224.1 236.2 221.4 214.3 214.0 212.4 208.9 214.3 222.9 9
Private pension funds; corporate and foreign bonds; asset LM573063005 866.5 979.9 949.7 801.3 874.7 812.7 771.5 801.3 831.9 10
Private pension funds; total mortgages; asset FL573065005 23.2 24.4 24.8 25.1 24.8 24.9 25.0 25.1 25.2 11
Private pension funds, including 403(b) plans; corporate equities; asset LM573064105 2961.8 3395.7 4093.3 3089.7 3830.2 3143.8 2944.0 3089.7 3249.3 12
Private pension funds; mutual fund shares; asset LM573064205 4320.2 4917.6 5500.5 4417.4 5147.1 4462.9 4192.7 4417.4 4612.2 13
Private pension funds; total miscellaneous assets FL573090005 1955.5 1783.2 1726.2 2483.8 1955.2 2339.6 2517.6 2483.8 2443.6 14
Private pension funds; unallocated insurance contracts; asset (3) FL573095005 580.1 631.5 668.9 623.0 650.1 620.9 609.9 623.0 638.1 15
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 16
Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) FL573073005 414.5 118.9 -76.2 623.5 151.0 542.0 703.1 623.5 533.5 17
Private pension funds; unidentified miscellaneous assets FL573093005 880.9 955.0 1058.8 1166.6 1080.1 1103.4 1132.5 1166.6 1202.6 18
Private pension funds; total liabilities (5) FL574190005 11097.4 12137.7 13351.0 11882.8 12865.2 11809.9 11477.7 11882.8 12280.1 19
Private defined benefit pension funds; pension entitlements (total liabilities) FL574190043 3670.6 3656.5 3702.6 3743.4 3712.8 3723.0 3733.2 3743.4 3753.6 20
Private defined benefit pension funds; total funded assets (6) FL572000075 3256.1 3537.6 3778.8 3119.9 3561.8 3181.0 3030.1 3119.9 3220.1 21
Private defined benefit pension funds; claims of pension fund on sponsor; asset FL573073005 414.5 118.9 -76.2 623.5 151.0 542.0 703.1 623.5 533.5 22
Private defined benefit pension funds; total financial assets (7) FL574090045 3634.1 3620.0 3666.1 3706.9 3676.3 3686.5 3696.7 3706.9 3717.1 23
Private defined contribution pension funds; total financial assets (8) FL574090055 7426.8 8481.2 9648.3 8139.4 9152.4 8086.9 7744.6 8139.4 8526.5 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 8, 2023