Financial Accounts of the United States - Z.1
L.117 Private and Public Pension Funds (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; total financial assets (2) | FL594090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1 |
| Pension funds; checkable deposits and currency; asset | FL593020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2 |
| Pension funds; total time and savings deposits; asset | FL593030005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3 |
| Pension funds; money market fund shares; asset | FL593034005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4 |
| Pension funds; security repurchase agreements; asset | FL592051005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5 |
| Pension funds; debt securities; asset | LM594022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 6 |
| Pension funds; commercial paper; asset | FL593069105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 7 |
| Pension funds; Treasury securities; asset | LM593061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8 |
| Pension funds; agency- and GSE-backed securities; asset | LM593061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9 |
| Pension funds; municipal securities; asset | LM593062045 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10 |
| Pension funds; corporate and foreign bonds; asset | LM593063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11 |
| Pension funds; loans; asset | FL594023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12 |
| Federal government retirement funds; other loans and advances; asset (3) | FL343069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 13 |
| Pension funds; total mortgages; asset | FL593065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14 |
| Pension funds; corporate equities; asset | LM593064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15 |
| Pension funds; mutual fund shares; asset | LM593064205 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 16 |
| Pension funds; total miscellaneous assets | FL593090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 17 |
| Pension funds; unallocated insurance contracts; asset (4) | FL593095005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 18 |
| Private pension funds; pension fund contributions receivable; asset | FL573074005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 19 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FL593073005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 20 |
| Pension funds; unidentified miscellaneous assets | FL593093005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 21 |
| Pension funds; total liabilities (6) | FL594190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 22 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 23 |
| Defined benefit pension funds; total funded assets (7) | FL592000075 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 24 |
| Pension funds; defined benefit claims of pension fund on sponsor; asset | FL593073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 25 |
| Households and nonprofit organizations; retirement assets (8) | FL153050015 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 26 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FL594190045 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 27 |
| Defined contribution pension funds; total financial assets | FL594090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 28 |
| All sectors; IRAs; liability (9) | LM893131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 29 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (10) | FL543150015 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 30 |
NOTES
- Private pension funds, state and local government employee retirement funds, and federal government retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
- IRA assets are not included above. See memo items on table L.229 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 29.
Last Update: February 23, 2024