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| Income
Statement of 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 | $81,586 | $47,615 | $33,971 |
| Participants | 42,024 | 854 | 41,169 |
| Others | 3,139 | 771 | 2,368 |
| Noncash contributions | 933 | 432 | 501 |
| Total contributions | 127,683 | 49,672 | 78,011 |
Interest earnings |
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| Interest-bearing cash | 4,958 | 2,100 | 2,858 |
| Certificates of deposit | 376 | 128 | 248 |
| U.S. Government securities | 8,277 | 6,509 | 1,767 |
| Corporate debt instruments | 5,288 | 4,032 | 1,257 |
| Mortgage loans | 425 | 331 | 93 |
| Other loans | 960 | 65 | 894 |
| Other or unspecified interest | 12,387 | 3,964 | 8,423 |
| Total interest earnings | 32,671 | 17,130 | 15,540 |
Dividends |
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| Preferred stock | 1,807 | 256 | 1,551 |
| Common stock | 10,556 | 4,569 | 5,986 |
| Total dividend income | 12,364 | 4,826 | 7,538 |
Rents |
305 |
202 |
102 |
| Net gain(loss) on sale of assets | 15,142 | 10,022 | 5,120 |
| Unrealized appreciation (depreciation) of assets | 30,099 | 10,442 | 19,657 |
| Net investment gain (loss) from common/collective trusts | 7,795 | 4,795 | 3,000 |
| Net investment gain (loss) from pooled separate accounts | 4,365 | 2,620 | 1,745 |
| Net investment gain (loss) from master trusts | 75,584 | 63,273 | 12,311 |
| Net investment gain (loss) from 103-12 investment entities | 203 | 92 | 111 |
| Net investment gain (loss) from registered investment companies | 5,853 | 1,093 | 4,759 |
| Other or unspecified income | 3,996 | 1,841 | 2,155 |
| TOTAL INCOME | 316,059 | 166,009 | 150,050 |
EXPENSES |
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| Benefit payments and payments to provide benefits | |||
| Direct benefits | 122,775 | 69,523 | 53,252 |
| Payments to insurance carriers | 2,738 | 2,456 | 282 |
| Other benefits | 1,563 | 454 | 1,109 |
| Total payments | 127,076 | 72,433 | 54,643 |
Interest expense |
2,464 |
24 |
2,440 |
Administrative expenses |
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| Salaries and allowances | 235 | 188 | 47 |
| Accounting fees | 112 | 71 | 41 |
| Actuarial fees | 350 | 326 | 24 |
| Contract administrator fees | 356 | 243 | 113 |
| Investment advisory and management fees | 2,310 | 1,883 | 426 |
| Legal fees | 128 | 102 | 26 |
| Valuation/appraisal fees | 15 | 8 | 7 |
| Trustee fees/expenses | 519 | 326 | 193 |
| Other administrative expenses | 1,749 | 1,179 | 570 |
| Total administrative expenses | 5,773 | 4,325 | 1,448 |
Other or unspecified expenses |
165 |
59 |
106 |
| TOTAL EXPENSES | 135,478 | 76,841 | 58,637 |
NET INCOME |
180,581 |
89,168 |
91,413 |
SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1993 plan years.
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