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| Income Statement of 401(k) Type Plans with 100 or More Participants by number of pension plans sponsored by employer, 1994 (amounts in millions) | |||
| Income and Expenses | Total | 401(k) Plan is Only Plan Sponsored by Employer | Employer Sponsoring 401(k) Plan Also Sponsors Another Pension Plan(s) |
INCOME | |||
| Contributions received or receivable from: | |||
| Employers | $21,227 | $6,270 | $14,957 |
| Participants | 42,018 | 10,307 | 31,711 |
| Others | 2,053 | 648 | 1,405 |
| Noncash contributions | 189 | 22 | 167 |
| Total contributions | 65,488 | 17,248 | 48,240 |
Interest earnings | |||
| Interest-bearing cash | 2,278 | 531 | 1,747 |
| Certificates of deposit | 93 | 25 | 69 |
| U.S. Government securities | 721 | 203 | 518 |
| Corporate debt instruments | 537 | 142 | 395 |
| Mortgage loans | 30 | 9 | 21 |
| Other loans | 616 | 112 | 504 |
| Other or unspecified interest | 5,905 | 901 | 5,004 |
| Total interest earnings | 10,180 | 1,921 | 8,259 |
Dividends | |||
| Preferred stock | 863 | 60 | 803 |
| Common stock | 4,685 | 439 | 4,246 |
| Total dividend income | 5,548 | 500 | 5,048 |
| Rents | 44 | 41 | 4 |
| Net gain (loss) on sale of assets | 2,902 | 217 | 2,684 |
| Unrealized appreciation (depreciation) of assets | (6,157) | (484) | (5,673) |
| Net investment gain (loss) from common/collective trusts | 1,050 | 261 | 789 |
| Net investment gain (loss) from pooled separate accounts | 413 | 112 | 301 |
| Net investment gain (loss) from master trusts | 5,899 | 350 | 5,548 |
| Net investment gain (loss) from 103-12 investment entities | 21 | 15 | 6 |
| Net investment gain (loss) from registered investment companies | 869 | 441 | 429 |
| Other or unspecified income | 1,669 | 499 | 1,171 |
| TOTAL INCOME | 87,928 | 21,122 | 66,806 |
EXPENSES | |||
| Benefit payments and payments to provide benefits | |||
| Direct benefits | 43,797 | 8,697 | 35,100 |
| Payments to insurance carriers | 70 | 45 | 25 |
| Other benefits | 534 | 96 | 438 |
| Total payments | 44,401 | 8,838 | 35,563 |
| Interest expense | 1,304 | 20 | 1,284 |
Administrative expenses | |||
| Salaries and allowances | 15 | 3 | 12 |
| Accounting fees | 22 | 10 | 12 |
| Actuarial fees | 10 | 5 | 6 |
| Contract administrator fees | 92 | 30 | 62 |
| Investment advisory and management fees | 230 | 104 | 126 |
| Legal fees | 6 | 3 | 3 |
| Valuation/appraisal fees | 2 | 1 | 1 |
| Trustee fees/expenses | 119 | 34 | 85 |
| Other administrative expenses | 353 | 169 | 184 |
| Total administrative expenses | 849 | 359 | 490 |
| Other or unspecified expenses | 2 | 4 | (1) |
| TOTAL EXPENSES | 46,556 | 9,220 | 37,336 |
NET INCOME | 41,372 | 11,901 | 29,470 |
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SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years. |
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