Financial Accounts of the United States - Z.1
L.120.c State and Local Government Employee Retirement Funds Defined Contribution Plans (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined contribution retirement funds; total financial assets | FL224090055 | 424.2 | 453.0 | 488.1 | 475.1 | 488.5 | 488.1 | 484.9 | 504.3 | 516.4 | 1 |
| State and local government employee defined contribution retirement funds; money market fund shares, including variable annuity money market fund shares; asset | FL223034055 | 1.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.3 | 2 |
| State and local government employee defined contribution retirement funds; mutual fund shares, including variable annuity mutual fund shares; asset | LM223064255 | 144.3 | 165.0 | 184.2 | 179.0 | 187.5 | 184.2 | 178.7 | 193.8 | 200.9 | 3 |
| State and local government employee defined contribution retirement funds; miscellaneous assets | FL223090055 | 278.7 | 285.7 | 301.7 | 294.0 | 298.8 | 301.7 | 304.0 | 308.3 | 313.2 | 4 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 278.0 | 284.9 | 300.8 | 293.1 | 298.0 | 300.8 | 303.2 | 307.4 | 312.3 | 5 |
| State and local government employee defined contribution retirement funds; unidentified miscellaneous assets | FL223093053 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 6 |
| State and local government employee defined contribution retirement funds; total financial assets | FL224090055 | 424.2 | 453.0 | 488.1 | 475.1 | 488.5 | 488.1 | 484.9 | 504.3 | 516.4 | 7 |
NOTES
- Includes 403(b) and 457 type plans.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
Last Update: January 9, 2026