Financial Accounts of the United States - Z.1
L.118.c Private defined contribution pension funds1
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL574090055 | 9352.3 | 10551.8 | 11800.0 | 10561.7 | 10551.8 | 10298.5 | 11061.4 | 11644.5 | 11800.0 |
| Line 2 | Checkable deposits and currency | FL573020033 | 7.5 | 5.5 | 3.3 | 6.0 | 5.5 | 5.0 | 4.6 | 3.8 | 3.3 |
| Line 3 | Time and savings deposits | FL573030033 | 5.2 | 5.2 | 5.3 | 5.2 | 5.2 | 5.3 | 5.3 | 5.3 | 5.3 |
| Line 4 | Money market fund shares | FL573034055 | 165.3 | 175.4 | 198.7 | 172.3 | 175.4 | 180.2 | 187.2 | 194.5 | 198.7 |
| Line 5 | Security repurchase agreements | FL572051033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 6 | Debt securities | LM574022035 | 593.2 | 645.3 | 755.7 | 651.7 | 645.3 | 675.2 | 702.6 | 737.2 | 755.7 |
| Line 7 | Open market paper | FL573069133 | 12.1 | 12.2 | 12.4 | 12.2 | 12.2 | 12.3 | 12.3 | 12.4 | 12.4 |
| Line 8 | Treasury securities | LM573061133 | 216.0 | 237.0 | 287.0 | 239.3 | 237.0 | 251.1 | 263.3 | 278.3 | 287.0 |
| Line 9 | Agency- and GSE-backed securities | LM573061733 | 115.5 | 121.0 | 129.2 | 122.1 | 121.0 | 123.9 | 125.5 | 127.7 | 129.2 |
| Line 10 | Corporate and foreign bonds | LM573063033 | 249.6 | 275.0 | 327.1 | 278.0 | 275.0 | 287.9 | 301.5 | 318.9 | 327.1 |
| Line 11 | Loans (mortgages) | FL573065033 | 5.6 | 4.3 | 2.5 | 4.6 | 4.3 | 3.9 | 3.6 | 2.9 | 2.5 |
| Line 12 | Corporate equities | LM573064133 | 2570.9 | 3248.5 | 4189.5 | 3143.6 | 3248.5 | 3112.3 | 3503.2 | 4064.9 | 4189.5 |
| Line 13 | Mutual fund shares | LM573064255 | 4781.7 | 5242.9 | 5393.0 | 5348.1 | 5242.9 | 5098.2 | 5427.2 | 5399.1 | 5393.0 |
| Line 14 | Miscellaneous assets | FL573090055 | 1222.7 | 1224.6 | 1252.0 | 1230.2 | 1224.6 | 1218.4 | 1227.7 | 1236.8 | 1252.0 |
| Line 15 | Unallocated insurance contracts2 | FL573095505 | 547.8 | 560.7 | 573.6 | 564.1 | 560.7 | 555.7 | 567.1 | 573.2 | 573.6 |
| Line 16 | Contributions receivable | FL573074033 | 49.7 | 53.4 | 58.0 | 52.5 | 53.4 | 54.4 | 55.2 | 57.0 | 58.0 |
| Line 17 | Other | FL573093055 | 625.2 | 610.6 | 620.4 | 613.7 | 610.6 | 608.3 | 605.4 | 606.7 | 620.4 |
| Line 18 | Pension entitlements (liabilities) | FL574090055 | 9352.3 | 10551.8 | 11800.0 | 10561.7 | 10551.8 | 10298.5 | 11061.4 | 11644.5 | 11800.0 |
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