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Income Statement of 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 | $69,804 | $35,304 | $34,501 |
| Participants | 46,587 | 595 | 45,991 |
| Others | 3,497 | 1,103 | 2,394 |
| Noncash contributions | 533 | 111 | 421 |
| Total contributions | 120,420 | 37,113 | 83,307 |
| Interest earnings | |||
| Interest-bearing cash | 5,208 | 2,108 | 3,100 |
| Certificates of deposit | 274 | 104 | 170 |
| U.S. Government securities | 7,563 | 5,904 | 1,658 |
| Corporate debt instruments | 4,685 | 3,596 | 1,089 |
| Mortgage loans | 330 | 262 | 68 |
| Other loans | 762 | 57 | 705 |
| Other or unspecified interest | 11,510 | 3,937 | 7,572 |
| Total interest earnings | 30,332 | 15,968 | 14,364 |
| Dividends | |||
| Preferred stock | 1,551 | 249 | 1,302 |
| Common stock | 11,381 | 4,892 | 6,489 |
| Total dividend income | 12,933 | 5,141 | 7,791 |
| Rents | 297 | 203 | 95 |
| Net gain (loss) on sale of assets | 1,518 | (1,946) | 3,464 |
| Unrealized appreciation (depreciation) of assets | (10,397) | (5,401) | (4,996) |
| Net investment gain (loss) from common/collective trusts | 2,326 | 1,030 | 1,295 |
| Net investment gain (loss) from pooled separate accounts | 1,124 | 589 | 535 |
| Net investment gain (loss) from master trusts | 16,633 | 10,194 | 6,438 |
| Net investment gain (loss) from 103-12 investment entities | 164 | 108 | 56 |
| Net investment gain (loss) from registered investment companies | 2,183 | 652 | 1,531 |
| Other or unspecified income | 3,797 | 1,611 | 2,185 |
| TOTAL INCOME | 181,329 | 65,263 | 116,065 |
| EXPENSES | |||
| Benefit payments and payments to provide benefits | |||
| Direct benefits | 133,912 | 74,726 | 59,185 |
| Payments to insurance carriers | 2,786 | 2,518 | 268 |
| Other benefits | 1,336 | 520 | 816 |
| Total payments | 138,034 | 77,764 | 60,269 |
| Interest expense | 2,420 | 15 | 2,405 |
| Administrative expenses | |||
| Salaries and allowances | 244 | 196 | 49 |
| Accounting fees | 110 | 69 | 41 |
| Actuarial fees | 349 | 331 | 18 |
| Contract administrator fees | 437 | 299 | 138 |
| Investment advisory and management fees | 2,480 | 2,050 | 430 |
| Legal fees | 134 | 107 | 26 |
| Valuation/appraisal fees | 11 | 5 | 5 |
| Trustee fees/expenses | 507 | 335 | 172 |
| Other administrative expenses | 1,989 | 1,286 | 702 |
| Total administrative expenses | 6,261 | 4,678 | 1,583 |
| Other or unspecified expenses | 16 | 2 | 14 |
| TOTAL EXPENSES | 146,730 | 82,460 | 64,271 |
| NET INCOME | 34,598 | (17,196) | 51,795 |
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SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years. |
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