Financial Accounts of the United States - Z.1
F.118.c Private defined contribution pension funds1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets | FA574090055 | 205.4 | 46.1 | 14.5 | 41.7 | 40.3 | 10.1 | 28.0 | 14.2 | 5.6 |
| Line 2 | Checkable deposits and currency | FA573020033 | -1.8 | -2.0 | -2.2 | -2.0 | -2.0 | -2.0 | -1.4 | -3.3 | -2.0 |
| Line 3 | Time and savings deposits | FA573030033 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 |
| Line 4 | Money market fund shares | FA573034055 | 3.0 | 10.1 | 23.3 | 14.4 | 12.5 | 19.1 | 28.2 | 28.9 | 17.0 |
| Line 5 | Security repurchase agreements | FA572051033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 6 | Debt securities | FA574022035 | 32.9 | 57.4 | 88.4 | 69.1 | 64.5 | 74.1 | 95.9 | 106.9 | 76.8 |
| Line 7 | Open market paper | FA573069133 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
| Line 8 | Treasury securities | FA573061133 | 10.6 | 23.9 | 41.1 | 30.3 | 27.7 | 33.0 | 46.8 | 50.1 | 34.5 |
| Line 9 | Agency- and GSE-backed securities | FA573061733 | 5.2 | 4.7 | 5.1 | 4.9 | 4.9 | 5.0 | 4.4 | 6.2 | 5.0 |
| Line 10 | Corporate and foreign bonds | FA573063033 | 17.0 | 28.6 | 42.0 | 33.7 | 31.8 | 35.9 | 44.6 | 50.4 | 37.1 |
| Line 11 | Loans (mortgages) | FA573065033 | -0.6 | -1.4 | -1.7 | -1.4 | -1.4 | -1.5 | -1.3 | -2.7 | -1.5 |
| Line 12 | Corporate equities | FA573064133 | -22.4 | 102.1 | 416.0 | 135.2 | 121.3 | 128.3 | 229.0 | 1141.5 | 165.3 |
| Line 13 | Mutual fund shares | FA573064255 | 114.0 | -103.1 | -515.9 | -159.9 | -139.8 | -196.3 | -310.7 | -1255.4 | -301.2 |
| Line 14 | Miscellaneous assets | FA573090055 | 80.3 | -17.0 | 6.5 | -13.6 | -14.8 | -11.6 | -11.7 | -1.8 | 51.2 |
| Line 15 | Unallocated insurance contracts2 | FA573095505 | -23.0 | -6.1 | -7.9 | -6.2 | -6.2 | -6.5 | -3.2 | -14.1 | -7.8 |
| Line 16 | Contributions receivable | FA573074033 | 3.9 | 3.7 | 4.6 | 3.8 | 3.8 | 3.9 | 3.4 | 7.1 | 3.9 |
| Line 17 | Other | FA573093055 | 99.4 | -14.6 | 9.9 | -11.2 | -12.3 | -8.9 | -11.8 | 5.2 | 55.1 |
| Line 18 | Net increase in pension entitlements (liabilities) | FA574090055 | 205.4 | 46.1 | 14.5 | 41.7 | 40.3 | 10.1 | 28.0 | 14.2 | 5.6 |
Notes:
- Includes 401(k) and 403(b) type plans.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
Last Update: 2026-03-19