Income Statement of Single Employer Pension Plans with 100 or More Participants by type of plan, 1995 (amounts in millions) |
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Income and Expenses | Total | Defined Benefit | Defined Contribution |
INCOME | |||
Contributions received or receivable from: | |||
Employers | $63,710 | $29,263 | $34,447 |
Participants | 51,616 | 517 | 51,099 |
Others | 3,348 | 364 | 2,984 |
Noncash contributions | 836 | 63 | 773 |
Total contributions | 119,510 | 30,208 | 89,302 |
Interest earnings | |||
Interest-bearing cash | 5,257 | 1,761 | 3,496 |
Certificates of deposit | 201 | 79 | 122 |
U.S. Government securities | 4,292 | 3,138 | 1,154 |
Corporate debt instruments | 2,746 | 1,929 | 817 |
Mortgage loans | 85 | 38 | 47 |
Other loans | 828 | 21 | 807 |
Other or unspecified interest | 11,395 | 2,942 | 8,453 |
Total interest earnings | 24,803 | 9,907 | 14,896 |
Dividends | |||
Preferred stock | 1,295 | 117 | 1,178 |
Common stock | 11,246 | 3,866 | 7,379 |
Total dividend income | 12,542 | 3,983 | 8,558 |
Rents | 226 | 128 | 98 |
Net gain (loss) on sale of assets | 23,822 | 15,683 | 8,138 |
Unrealized appreciation (depreciation) of assets | 100,784 | 39,272 | 61,513 |
Net investment gain (loss) from common/collective trusts | 15,869 | 7,875 | 7,994 |
Net investment gain (loss) from pooled separate accounts | 9,152 | 4,843 | 4,309 |
Net investment gain (loss) from master trusts | 157,107 | 119,654 | 37,453 |
Net investment gain (loss) from 103-12 investment entities | 278 | 154 | 124 |
Net investment gain (loss) from registered investment companies | 23,563 | 3,167 | 20,396 |
Other or unspecified income | 5,924 | 2,392 | 3,532 |
TOTAL INCOME | 493,579 | 237,266 | 256,312 |
EXPENSES | |||
Benefit payments and payments to provide benefits | |||
Direct benefits | 130,188 | 61,873 | 68,315 |
Payments to insurance carriers | 1,988 | 1,683 | 305 |
Other benefits | 1,258 | 355 | 902 |
Total payments | 133,433 | 63,912 | 69,521 |
Interest expense | 2,323 | 9 | 2,314 |
Administrative expenses | |||
Salaries and allowances | 86 | 58 | 29 |
Accounting fees | 80 | 46 | 34 |
Actuarial fees | 313 | 296 | 16 |
Contract administrator fees | 257 | 137 | 121 |
Investment advisory and management fees | 1,927 | 1,538 | 389 |
Legal fees | 43 | 32 | 10 |
Valuation/appraisal fees | 12 | 6 | 6 |
Trustee fees/expenses | 531 | 318 | 212 |
Other administrative expenses | 1,376 | 1,014 | 362 |
Total administrative expenses | 4,625 | 3,446 | 1,179 |
Other or unspecified expenses | 21 | 3 | 19 |
TOTAL EXPENSES | 140,402 | 67,370 | 73,032 |
NET INCOME | 353,177 | 169,897 | 183,280 |
SOURCE: Form 5500 series
reports filed with the Internal Revenue Service for plan years beginning in
1995. |