Income Statement of Pension Plans by type of plan, 1996 (amounts in millions) |
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Income and Expenses | Total | Defined Benefit | Defined Contribution |
INCOME | |||
Contributions received or receivable from: | |||
Employers | $92,342 | $34,486 | $57,857 |
Participants | 68,766 | 793 | 67,973 |
Others | 7,856 | 441 | 7,415 |
Noncash contributions | 576 | 83 | 493 |
Total contributions | 169,540 | 35,803 | 133,737 |
Investment earnings 1/ | 51,338 | 24,163 | 27,175 |
Net gain (loss) on sale of assets | 33,087 | 18,273 | 14,814 |
Other or unspecified income 2/ | 326,123 | 165,519 | 160,604 |
TOTAL INCOME | 580,089 | 243,758 | 336,331 |
a | |||
EXPENSES | |||
Benefit payments and payments to provide benefits | |||
Direct benefits | 204,828 | 92,458 | 112,371 |
Other benefits | 8,571 | 4,457 | 4,115 |
Total payments | 213,399 | 96,914 | 116,485 |
Total administrative expenses | 8,650 | 6,255 | 2,395 |
Other or unspecified expenses | 4,195 | 250 | 3,946 |
TOTAL EXPENSES | 226,244 | 103,418 | 122,826 |
NET INCOME | 353,845 | 140,340 | 213,505 |
1/ Includes interest earnings, dividends, and rents. |
2/ Includes net gain (loss) from pooled funds, unrealized appreciation (depreciation) of assets, and miscellaneous other income items. |
SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |