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 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private pension funds; gross savings less net capital transfers paid | FA576000105 | 8.6 | 47.3 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 | 1 |
| Private pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA575013005 | 2.7 | 3.2 | 3.4 | 3.4 | 3.4 | 3.4 | 3.5 | 3.5 | 3.5 | 2 |
| Private pension funds; total financial assets (2) | FA574090005 | -2.2 | 193.3 | -24.3 | -13.4 | -30.3 | -34.8 | -65.1 | -47.2 | -65.6 | 3 |
| Private pension funds; checkable deposits and currency; asset | FA573020005 | -2.4 | -4.3 | -3.7 | -3.6 | -3.7 | -3.8 | -3.7 | -3.2 | -4.0 | 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 | 7.2 | 4.4 | 11.6 | 9.5 | 16.2 | 25.2 | 25.2 | 6 |
| Private pension funds; security repurchase agreements; asset | FA572051005 | -4.3 | -0.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.1 | -1.2 | -1.1 | 7 |
| Private pension funds; debt securities; asset | FA574022005 | -50.1 | 91.6 | 77.0 | 65.9 | 89.3 | 85.4 | 94.4 | 117.4 | 110.3 | 8 |
| Private pension funds; total commercial paper; asset | FA573069105 | -6.8 | -0.0 | -1.6 | -1.6 | -1.6 | -1.7 | -1.6 | -1.7 | -1.6 | 9 |
| Private pension funds; Treasury securities; asset | FA573061105 | -7.1 | 47.4 | 45.1 | 39.1 | 51.6 | 49.8 | 54.4 | 69.3 | 66.4 | 10 |
| Private pension funds; agency- and GSE-backed securities; asset | FA573061705 | -14.6 | 22.8 | 13.2 | 12.7 | 13.4 | 13.7 | 13.6 | 13.4 | 12.7 | 11 |
| Private pension funds; corporate and foreign bonds; asset | FA573063005 | -21.5 | 21.4 | 20.3 | 15.7 | 25.9 | 23.6 | 28.0 | 36.4 | 32.8 | 12 |
| Private pension funds; total mortgages; asset | FA573065005 | -6.7 | 6.7 | 3.1 | 3.1 | 3.0 | 3.2 | 3.0 | 3.4 | 2.6 | 13 |
| Private pension funds, including 403(b) plans; corporate equities; asset | FA573064105 | 114.7 | -232.2 | -55.4 | -78.9 | -20.9 | -40.8 | -29.1 | 64.3 | 971.7 | 14 |
| Private pension funds; mutual fund shares; asset | FA573064205 | -74.5 | 61.0 | -149.1 | -94.1 | -207.6 | -189.1 | -244.3 | -360.8 | -1263.0 | 15 |
| Private pension funds; total miscellaneous assets | FA573090005 | 35.5 | 268.1 | 98.3 | 91.5 | 99.7 | 102.5 | 100.1 | 108.4 | 93.4 | 16 |
| Private pension funds; unallocated insurance contracts; asset (3) | FA573095005 | 6.0 | -28.1 | -10.0 | -9.5 | -10.4 | -10.4 | -10.6 | -8.3 | -12.5 | 17 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 2.4 | 4.1 | 3.8 | 3.5 | 4.0 | 4.0 | 4.1 | 3.6 | 5.6 | 18 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset (4) | FA573073005 | 148.7 | 221.4 | 146.6 | 143.6 | 143.6 | 148.6 | 142.2 | 152.4 | 146.5 | 19 |
| Private pension funds; unidentified miscellaneous assets | FA573093005 | -121.6 | 70.7 | -42.1 | -46.2 | -37.5 | -39.7 | -35.5 | -39.4 | -46.2 | 20 |
| Private pension funds; total liabilities | FA574190005 | -8.1 | 149.2 | -22.7 | -11.7 | -28.7 | -33.2 | -63.5 | -45.5 | -63.9 | 21 |
| Private defined benefit pension funds; total financial assets (5) | FA574090045 | -53.4 | -12.1 | -70.4 | -68.9 | -72.0 | -75.1 | -75.2 | -75.2 | -75.2 | 22 |
| Private defined contribution pension funds; total financial assets (6) | FA574090055 | 51.3 | 205.4 | 46.1 | 55.5 | 41.7 | 40.3 | 10.0 | 28.0 | 9.5 | 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: January 9, 2026