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Income Statement of Single Employer Pension Plans with 100 or More Participants by type of plan, 1994 (amounts in millions) | |||
| Income and Expenses | Total | Defined Benefit | Defined Contribution |
| INCOME | |||
| Contributions received or receivable from: | |||
| Employers | $59,724 | $27,386 | $32,339 |
| Participants | 46,440 | 566 | 45,873 |
| Others | 3,460 | 1,073 | 2,387 |
| Noncash contributions | 532 | 111 | 421 |
| Total contributions | 110,155 | 29,135 | 81,020 |
| Interest earnings | |||
| Interest-bearing cash | 4,595 | 1,595 | 2,999 |
| Certificates of deposit | 207 | 78 | 129 |
| U.S. Government securities | 4,172 | 2,975 | 1,196 |
| Corporate debt instruments | 2,716 | 1,872 | 844 |
| Mortgage loans | 100 | 46 | 54 |
| Other loans | 721 | 31 | 690 |
| Other or unspecified interest | 10,024 | 2,753 | 7,271 |
| Total interest earnings | 22,536 | 9,352 | 13,184 |
| Dividends | |||
| Preferred stock | 1,469 | 172 | 1,297 |
| Common stock | 9,842 | 3,442 | 6,400 |
| Total dividend income | 11,312 | 3,614 | 7,698 |
| Rents | 163 | 88 | 75 |
| Net gain (loss) on sale of assets | 1,834 | (1,690) | 3,524 |
| Unrealized appreciation (depreciation) of assets | (10,068) | (5,398) | (4,670) |
| Net investment gain (loss) from common/collective trusts | 2,060 | 797 | 1,263 |
| Net investment gain (loss) from pooled separate accounts | 1,020 | 507 | 513 |
| Net investment gain (loss) from master trusts | 16,627 | 10,192 | 6,435 |
| Net investment gain (loss) from 103-12 investment entities | 64 | 36 | 27 |
| Net investment gain (loss) from registered investment companies | 1,897 | 388 | 1,510 |
| Other or unspecified income | 3,554 | 1,413 | 2,141 |
| TOTAL INCOME | 161,154 | 48,435 | 112,719 |
| EXPENSES | |||
| Benefit payments and payments to provide benefits | |||
| Direct benefits | 120,297 | 62,754 | 57,542 |
| Payments to insurance carriers | 1,761 | 1,496 | 266 |
| Other benefits | 1,234 | 431 | 803 |
| Total payments | 123,291 | 64,681 | 58,611 |
| Interest expense | 2,416 | 11 | 2,404 |
| Administrative expenses | |||
| Salaries and allowances | 77 | 50 | 27 |
| Accounting fees | 67 | 35 | 32 |
| Actuarial fees | 290 | 275 | 14 |
| Contract administrator fees | 285 | 168 | 117 |
| Investment advisory and management fees | 1,840 | 1,479 | 361 |
| Legal fees | 42 | 30 | 12 |
| Valuation/appraisal fees | 9 | 4 | 5 |
| Trustee fees/expenses | 485 | 316 | 169 |
| Other administrative expenses | 1,634 | 998 | 636 |
| Total administrative expenses | 4,728 | 3,355 | 1,373 |
| Other or unspecified expenses | 14 | 2 | 12 |
| TOTAL EXPENSES | 130,449 | 68,049 | 62,400 |
| NET INCOME | 30,705 | (19,614) | 50,319 |
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SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years. |
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