Financial Accounts of the United States - Z.1
L.120.c State and local government employee 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 | FL224090055 | 453.0 | 488.1 | 523.1 | 488.5 | 488.1 | 484.9 | 504.3 | 518.4 | 523.1 |
| Line 2 | Money market fund shares | FL223034055 | 2.2 | 2.2 | 3.4 | 2.2 | 2.2 | 2.2 | 2.2 | 3.2 | 3.4 |
| Line 3 | Mutual fund shares | LM223064255 | 165.0 | 184.2 | 202.9 | 187.5 | 184.2 | 178.7 | 193.8 | 201.5 | 202.9 |
| Line 4 | Miscellaneous assets | FL223090055 | 285.7 | 301.7 | 316.8 | 298.8 | 301.7 | 304.0 | 308.3 | 313.6 | 316.8 |
| Line 5 | Unallocated insurance contracts (misc. assets)2 | FL223095505 | 284.9 | 300.8 | 316.0 | 298.0 | 300.8 | 303.2 | 307.4 | 312.8 | 316.0 |
| Line 6 | Other | FL223093053 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 |
| Line 7 | Pension entitlements (liabilities) | FL224090055 | 453.0 | 488.1 | 523.1 | 488.5 | 488.1 | 484.9 | 504.3 | 518.4 | 523.1 |
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: 2026-03-19