| Income
Statement of Single Employer Pension Plans with 100 or More Participants by type of plan, 1993 (amounts in millions) |
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| Income and Expenses | Total | Defined Benefit | Defined Contribution |
| INCOME | |||
| Contributions received or receivable from: | |||
| Employers | $72,117 | $40,119 | $31,998 |
| Participants | 41,898 | 821 | 41,077 |
| Others | 3,104 | 743 | 2,361 |
| Noncash contributions | 920 | 419 | 501 |
| Total contributions | 118,040 | 42,103 | 75,937 |
Interest earnings |
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| Interest-bearing cash | 4,136 | 1,360 | 2,776 |
| Certificates of deposit | 288 | 92 | 196 |
| U.S. Government securities | 4,252 | 2,926 | 1,325 |
| Corporate debt instruments | 3,054 | 2,075 | 979 |
| Mortgage loans | 120 | 42 | 77 |
| Other loans | 918 | 41 | 877 |
| Other or unspecified interest | 11,079 | 3,005 | 8,074 |
| Total interest earnings | 23,845 | 9,541 | 14,304 |
Dividends |
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| Preferred stock | 1,744 | 199 | 1,545 |
| Common stock | 9,093 | 3,185 | 5,908 |
| Total dividend income | 10,838 | 3,384 | 7,453 |
Rents |
175 |
93 |
82 |
| Net gain(loss) on sale of assets | 11,799 | 6,848 | 4,951 |
| Unrealized appreciation (depreciation) of assets | 29,394 | 9,624 | 19,770 |
| Net investment gain (loss) from common/collective trusts | 7,126 | 4,171 | 2,955 |
| Net investment gain (loss) from pooled separate accounts | 4,246 | 2,524 | 1,722 |
| Net investment gain (loss) from master trusts | 75,563 | 63,252 | 12,311 |
| Net investment gain (loss) from 103-12 investment entities | 182 | 73 | 109 |
| Net investment gain (loss) from registered investment companies | 5,724 | 986 | 4,737 |
| Other or unspecified income | 3,682 | 1,612 | 2,070 |
| TOTAL INCOME | 290,612 | 144,211 | 146,401 |
EXPENSES |
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| Benefit payments and payments to provide benefits | |||
| Direct benefits | 110,009 | 58,298 | 51,711 |
| Payments to insurance carriers | 1,805 | 1,528 | 277 |
| Other benefits | 1,528 | 437 | 1,090 |
| Total payments | 113,342 | 60,264 | 53,078 |
Interest expense |
2,459 |
19 |
2,440 |
Administrative expenses |
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| Salaries and allowances | 68 | 42 | 27 |
| Accounting fees | 69 | 37 | 32 |
| Actuarial fees | 291 | 271 | 20 |
| Contract administrator fees | 207 | 114 | 93 |
| Investment advisory and management fees | 1,683 | 1,323 | 361 |
| Legal fees | 38 | 25 | 13 |
| Valuation/appraisal fees | 12 | 6 | 6 |
| Trustee fees/expenses | 498 | 309 | 189 |
| Other administrative expenses | 1,395 | 892 | 503 |
| Total administrative expenses | 4,262 | 3,019 | 1,243 |
Other or unspecified expenses |
165 |
59 |
106 |
| TOTAL EXPENSES | 120,229 | 63,361 | 56,867 |
NET INCOME |
170,384 |
80,850 |
89,534 |
SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1993 plan years.