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| Income Statement of Defined Contribution Plans with 100 or More Participants by type of plan, 1994 (amounts in millions) | ||||||
| Income and Expenses | Total Defined Contribution Plans | Profit Sharing and Thrift-Savings Plans | Stock Bonus Plans | Target Benefit Plans | Money Purchase Plans | Other Defined Contribution Plans |
INCOME | ||||||
| Contributions received or receivable from: | ||||||
| Employers | $34,501 | $24,112 | $3,054 | $121 | $4,183 | $3,031 |
| Participants | 45,991 | 38,030 | 2,214 | 13 | 652 | 5,082 |
| Others | 2,394 | 2,195 | 15 | 3 | 38 | 143 |
| Noncash contributions | 421 | 206 | 192 | 1/ | 4 | 19 |
| Total contributions | 83,307 | 64,543 | 5,474 | 137 | 4,877 | 8,275 |
Interest earnings | ||||||
| Interest-bearing cash | 3,100 | 2,328 | 155 | 4 | 286 | 328 |
| Certificates of deposit | 170 | 116 | 2 | 1/ | 34 | 19 |
| U.S. Government securities | 1,658 | 1,076 | 12 | 4 | 363 | 204 |
| Corporate debt instruments | 1,089 | 749 | 4 | 3 | 230 | 103 |
| Mortgage loans | 68 | 48 | 1/ | 0 | 14 | 6 |
| Other loans | 705 | 565 | 31 | 1/ | 21 | 87 |
| Other or unspecified interest | 7,572 | 6,092 | 223 | 8 | 535 | 715 |
| Total interest earnings | 14,364 | 10,974 | 427 | 19 | 1,482 | 1,462 |
Dividends | ||||||
| Preferred stock | 1,302 | 725 | 326 | 1/ | 35 | 215 |
| Common stock | 6,489 | 4,569 | 907 | 7 | 224 | 782 |
| Total dividend income | 7,791 | 5,295 | 1,233 | 7 | 259 | 997 |
| Rents | 95 | 67 | 1/ | 0 | 11 | 16 |
| Net gain (loss) on sale of assets | 3,464 | 2,956 | 343 | 3 | 146 | 16 |
| Unrealized appreciation (depreciation) of assets | (4,996) | (3,525) | (1,067) | (20) | (386) | 2 |
| Net investment gain (loss) from common/collective trusts | 1,295 | 1,098 | 29 | 1/ | 67 | 101 |
| Net investment gain (loss) from pooled separate accounts | 535 | 469 | 1/ | 1/ | 37 | 28 |
| Net investment gain (loss) from master trusts | 6,438 | 5,605 | (80) | 48 | 196 | 669 |
| Net investment gain (loss) from 103-12 investment entities | 56 | 56 | 1/ | 0 | 4 | (4) |
| Net investment gain (loss) from registered investment companies | 1,531 | 1,123 | 29 | 4 | 138 | 238 |
| Other or unspecified income | 2,185 | 1,678 | 280 | 6 | 66 | 155 |
| TOTAL INCOME | 116,065 | 90,340 | 6,670 | 204 | 6,897 | 11,955 |
EXPENSES | ||||||
| Benefit payments and payments to provide benefits | ||||||
| Direct benefits | 59,185 | 45,621 | 4,324 | 94 | 3,203 | 5,943 |
| Payments to insurance carriers | 268 | 113 | 3 | 3 | 126 | 24 |
| Other benefits | 816 | 426 | 267 | 1 | 38 | 84 |
| Total payments | 60,269 | 46,160 | 4,593 | 98 | 3,368 | 6,050 |
| Interest expense | 2,405 | 1,205 | 749 | 1/ | 4 | 447 |
Administrative expenses | ||||||
| Salaries and allowances | 49 | 19 | 2 | 1/ | 13 | 13 |
| Accounting fees | 41 | 27 | 1 | 1/ | 8 | 5 |
| Actuarial fees | 18 | 12 | 1/ | 1/ | 3 | 2 |
| Contract administrator fees | 138 | 94 | 4 | 1/ | 30 | 10 |
| Investment advisory and management fees | 430 | 301 | 9 | 2 | 78 | 40 |
| Legal fees | 26 | 10 | 2 | 1/ | 9 | 6 |
| Valuation/appraisal fees | 5 | 3 | 1 | 0 | 1 | 1/ |
| Trustee fees/expenses | 172 | 134 | 11 | 1/ | 13 | 15 |
| Other administrative expenses | 702 | 549 | 27 | 1 | 53 | 73 |
| Total administrative expenses | 1,583 | 1,149 | 57 | 4 | 208 | 165 |
| Other or unspecified expenses | 14 | 15 | 1/ | 0 | (1) | 1/ |
| TOTAL EXPENSES | 64,271 | 48,529 | 5,399 | 102 | 3,579 | 6,662 |
NET INCOME | 51,795 | 41,811 | 1,270 | 102 | 3,318 | 5,294 |
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1/Less than $500,000. SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years. |
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