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 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; gross savings less net capital transfers paid | FA576000105 | 8.6 | 47.3 | 1.5 | 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 | 2.7 | 3.2 | 3.3 | 3.3 | 3.3 | 3.4 | 3.4 | 3.5 | 3.5 | 2 |
| Private pension funds; total financial assets (2) | FA574090005 | 10.6 | 197.0 | -10.3 | -10.8 | -1.9 | -16.4 | -11.9 | -25.1 | -15.6 | 3 |
| Private pension funds; checkable deposits and currency; asset | FA573020005 | -2.4 | -4.3 | -3.8 | -3.7 | -3.6 | -3.8 | -4.1 | -4.2 | -3.7 | 4 |
| Private pension funds; total time and savings deposits; asset | FA573030005 | -2.8 | -0.0 | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 | -0.7 | 5 |
| Private pension funds; money market fund shares; asset | FA573034005 | -11.5 | 2.7 | -1.2 | -1.7 | -0.6 | -1.3 | -1.3 | 1.9 | -0.4 | 6 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | -4.3 | -0.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.2 | 7 |
| Private pension funds; debt securities; asset | FA574022005 | -50.1 | 91.6 | 55.7 | 54.1 | 52.8 | 55.7 | 60.2 | 61.4 | 52.9 | 8 |
| Private pension funds; total commercial paper; asset | FA573069105 | -6.8 | -0.0 | -1.7 | -1.7 | -1.6 | -1.6 | -1.7 | -1.6 | -1.7 | 9 |
| Private pension funds; Treasury securities; asset | FA573061105 | -7.1 | 47.4 | 33.0 | 32.5 | 31.8 | 32.9 | 35.0 | 34.9 | 32.9 | 10 |
| Private pension funds; agency- and GSE-backed securities; asset | FA573061705 | -14.6 | 22.8 | 13.1 | 12.9 | 12.6 | 13.1 | 13.9 | 13.9 | 13.1 | 11 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | -21.5 | 21.4 | 11.2 | 10.4 | 10.0 | 11.3 | 13.0 | 14.2 | 8.8 | 12 |
| Private pension funds; total mortgages; asset | FA573065005 | -6.7 | 6.7 | 3.1 | 3.2 | 3.1 | 3.1 | 3.1 | 2.9 | 3.5 | 13 |
| Private pension funds, including 403(b) plans; corporate equities; asset | FA573064105 | 114.7 | -232.2 | -119.2 | -119.5 | -117.2 | -118.1 | -122.1 | -116.5 | -128.8 | 14 |
| Private pension funds; mutual fund shares; asset | FA573064205 | -74.5 | 61.0 | -49.6 | -45.6 | -34.1 | -55.6 | -63.1 | -82.3 | -48.7 | 15 |
| Private pension funds; total miscellaneous assets | FA573090005 | 48.2 | 271.7 | 106.6 | 104.2 | 99.5 | 105.4 | 117.1 | 113.4 | 111.3 | 16 |
| Private pension funds; unallocated insurance contracts; asset (3) | FA573095005 | 5.9 | -27.2 | -9.7 | -9.1 | -9.0 | -9.8 | -10.9 | -11.4 | -8.5 | 17 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 2.4 | 4.1 | 3.7 | 3.5 | 3.4 | 3.7 | 4.1 | 4.2 | 3.3 | 18 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FA573073005 | 161.5 | 224.1 | 159.2 | 158.5 | 154.7 | 157.7 | 165.9 | 159.4 | 169.6 | 19 |
| Private pension funds; unidentified miscellaneous assets | FA573093005 | -121.5 | 70.7 | -46.6 | -48.7 | -49.5 | -46.3 | -42.0 | -38.8 | -53.1 | 20 |
| Private pension funds; total liabilities | FA574190005 | 4.6 | 152.8 | -8.4 | -9.0 | -0.1 | -14.6 | -10.1 | -23.2 | -13.7 | 21 |
| Private defined benefit pension funds; total financial assets (5) | FA574090045 | -40.7 | -9.3 | -57.8 | -57.8 | -57.8 | -57.9 | -57.8 | -57.9 | -57.9 | 22 |
| Private defined contribution pension funds; total financial assets (6) | FA574090055 | 51.2 | 206.2 | 47.6 | 47.0 | 55.9 | 41.4 | 45.9 | 32.8 | 42.3 | 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: September 11, 2025