Financial Accounts of the United States - Z.1
F.118 Private Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; gross savings less net capital transfers paid | FA576000105 | 0.5 | 8.6 | 47.3 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1 |
| Private pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA575013005 | 2.0 | 2.7 | 3.2 | 3.3 | 3.3 | 3.3 | 3.4 | 3.4 | 3.5 | 2 |
| Private pension funds; total financial assets (2) | FA574090005 | -29.2 | 10.8 | 75.2 | -27.6 | -31.2 | -30.4 | -34.5 | -14.3 | -13.8 | 3 |
| Private pension funds; checkable deposits and currency; asset | FA573020005 | 4.5 | -2.4 | -0.5 | -0.9 | -1.1 | -1.2 | -0.9 | -0.6 | -0.9 | 4 |
| Private pension funds; total time and savings deposits; asset | FA573030005 | 0.5 | -2.8 | -1.4 | -1.4 | -0.9 | -0.9 | -2.0 | -1.9 | -1.7 | 5 |
| Private pension funds; money market fund shares; asset | FA573034005 | 7.4 | -11.5 | -4.1 | -4.2 | -2.5 | -1.4 | -6.4 | -6.5 | -2.4 | 6 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | 0.3 | -4.3 | -2.3 | -2.3 | -1.4 | -1.5 | -3.2 | -3.1 | -2.7 | 7 |
| Private pension funds; debt securities; asset | FA574022005 | 189.7 | -50.1 | 5.8 | 25.6 | 35.6 | 40.3 | 18.3 | 8.0 | 21.3 | 8 |
| Private pension funds; total commercial paper; asset | FA573069105 | 1.2 | -6.8 | -3.5 | -3.5 | -2.2 | -2.2 | -4.9 | -4.7 | -4.2 | 9 |
| Private pension funds; Treasury securities; asset | FA573061105 | 71.3 | -7.1 | 8.6 | 15.8 | 17.1 | 19.0 | 15.7 | 11.6 | 15.5 | 10 |
| Private pension funds; agency- and GSE-backed securities; asset | FA573061705 | 29.9 | -14.6 | -2.7 | -0.5 | 1.9 | 2.3 | -2.6 | -3.6 | -1.6 | 11 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | 87.4 | -21.5 | 3.4 | 13.7 | 18.8 | 21.2 | 10.1 | 4.8 | 11.6 | 12 |
| Private pension funds; total mortgages; asset | FA573065005 | 1.1 | -6.7 | -3.4 | -4.3 | -3.6 | -3.9 | -5.2 | -4.6 | -4.7 | 13 |
| Private pension funds, including 403(b) plans; corporate equities; asset | FA573064105 | -295.0 | 114.7 | 6.7 | 37.8 | 54.5 | 61.7 | 25.5 | 9.4 | 30.7 | 14 |
| Private pension funds; mutual fund shares; asset | FA573064205 | -83.4 | -74.5 | -9.9 | -99.4 | -90.5 | -100.3 | -123.9 | -82.9 | -95.3 | 15 |
| Private pension funds; total miscellaneous assets | FA573090005 | 145.6 | 48.4 | 84.3 | 21.7 | -21.3 | -23.1 | 63.2 | 67.9 | 41.9 | 16 |
| Private pension funds; unallocated insurance contracts; asset (3) | FA573095005 | -6.8 | 6.1 | 7.4 | 11.5 | 11.9 | 12.2 | 11.6 | 10.3 | 10.7 | 17 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -6.5 | 2.4 | 0.0 | 1.1 | 1.7 | 1.9 | 0.6 | 0.1 | 0.8 | 18 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FA573073005 | 116.9 | 161.5 | 132.8 | 84.8 | 31.7 | 35.1 | 139.1 | 133.4 | 111.5 | 19 |
| Private pension funds; unidentified miscellaneous assets | FA573093005 | 42.0 | -121.6 | -56.0 | -75.7 | -66.6 | -72.4 | -88.1 | -75.8 | -81.1 | 20 |
| Private pension funds; total liabilities | FA574190005 | -27.7 | 4.8 | 31.0 | -25.7 | -29.4 | -28.5 | -32.6 | -12.5 | -11.9 | 21 |
| Private defined benefit pension funds; total financial assets (5) | FA574090045 | -56.7 | -40.7 | -9.3 | -57.8 | -57.8 | -57.8 | -57.9 | -57.8 | -57.9 | 22 |
| Private defined contribution pension funds; total financial assets (6) | FA574090055 | 27.5 | 51.4 | 84.4 | 30.2 | 26.6 | 27.4 | 23.4 | 43.5 | 44.1 | 23 |
NOTES
- Sum of private defined benefit plans and defined contribution plans (including 401(k) type plans).
- 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.
- Additional detail on defined benefit plans is available on table F.118.b.
- Additional detail on defined contribution plans is available on table F.118.c.
Last Update: June 12, 2025