Amount of Assets in Pension Plans by type of plan and method of funding, 1996 (amounts in millions) |
|||||||||
Method of Funding | Total Plans | Single Employer Plans 1/ | Multiemployer Plans 2/ | ||||||
Total | Defined Benefit |
Defined Contribution |
Total | Defined Benefit |
Defined Contribution |
Total | Defined Benefit |
Defined Contribution |
|
Funding arrangement for investment of assets | |||||||||
TOTAL | $3,136,281 | $1,585,397 | $1,550,884 | $2,837,125 | $1,316,599 | $1,520,526 | $299,156 | $268,798 | $30,358 |
Trust | 1,963,090 | 1,006,083 | 957,007 | 1,791,744 | 853,965 | 937,779 | 171,346 | 152,118 | 19,228 |
Insurance | 6,892 | 3,846 | 3,046 | 6,796 | 3,783 | 3,014 | 96 | 64 | 32 |
Trust and insurance | 1,166,174 | 575,468 | 590,706 | 1,038,460 | 458,851 | 579,608 | 127,714 | 116,617 | 11,098 |
Other | 125 | 0 | 125 | 125 | 0 | 125 | 0 | 0 | 0 |
Funding arrangement for payment of benefits | |||||||||
TOTAL | $3,136,281 | $1,585,397 | $1,550,884 | $2,837,125 | $1,316,599 | $1,520,526 | $299,156 | $268,798 | $30,358 |
Trust | 1,889,857 | 885,102 | 1,004,755 | 1,763,514 | 771,391 | 992,123 | 126,343 | 113,712 | 12,632 |
Insurance | 69,157 | 37,834 | 31,323 | 67,173 | 36,386 | 30,787 | 1,984 | 1,448 | 536 |
Trust and insurance | 1,165,847 | 660,623 | 505,224 | 995,542 | 507,436 | 488,105 | 170,305 | 153,186 | 17,119 |
Other | 11,419 | 1,838 | 9,581 | 10,896 | 1,386 | 9,510 | 524 | 453 | 71 |
1/ Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans. |
2/ Includes multiemployer plans and multiple-employer collectively bargained plans. |
NOTE: Total asset amounts shown exclude funds held by life insurance companies under allocated group insurance contracts for payment of retirement benefits. These excluded funds make up roughly 10 to 15 percent of total pension fund assets. |
SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |