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Aggregate Rates of Return Earned by Pension Plans with 100 or More Participants 1985-1994 |
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| Year1/ | Total Plans | Single Employer | Multiemployer | ||||||
| Total | Defined Benefit |
Defined Contribution |
Total | Defined Benefit |
Defined Contribution |
Total | Defined Benefit |
Defined Contribution |
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| 1985 | 19.6% | 20.1% | 18.4% | 20.0% | 20.6% | 18.5% | 16.8% | 17.0% | 12.7% |
| 1986 | 13.9 | 14.1 | 13.3 | 14.1 | 14.4 | 13.4 | 12.5 | 12.6 | 10.3 |
| 1987 | 4.6 | 4.4 | 4.8 | 4.7 | 4.6 | 4.8 | 3.7 | 3.5 | 6.4 |
| 1988 | 12.4 | 12.1 | 13.1 | 12.6 | 12.2 | 13.2 | 11.6 | 11.8 | 9.5 |
| 1989 | 11.2 | 12.1 | 9.4 | 11.9 | 13.2 | 9.7 | 6.0 | 6.4 | 1.8 |
| 1990 | - | 3.5 | 3.5 | 3.1 | 2.8 | 3.4 | 6.8 | 6.7 | 7.4 |
| 1991 | 17.5 | 18.8 | 15.1 | 17.8 | 19.6 | 15.2 | 14.9 | 15.2 | 12.0 |
| 1992 | 8.8 | 8.3 | 9.8 | 8.8 | 8.0 | 9.8 | 9.3 | 9.4 | 8.7 |
| 1993 | 10.2 | 10.5 | 9.8 | 10.6 | 11.1 | 9.9 | 7.4 | 7.5 | 6.2 |
| 1994 | 2.9 | 2.2 | 3.8 | 2.7 | 1.8 | 3.8 | 4.4 | 4.5 | 3.9 |
| Geometric Mean2/ | |||||||||
| 1985-1994 | 10.3 | 10.5 | 10.0 | 10.5 | 10.7 | 10.1 | 9.3 | 9.4 | 7.9 |
| 1990-1994 | 8.5 | 8.5 | 8.3 | 8.5 | 8.5 | 8.3 | 8.6 | 8.7 | 7.6 |
| 1992-1994 | 7.3 | 7.0 | 7.8 | 7.3 | 6.9 | 7.8 | 7.2 | 7.3 | 6.2 |
| Standard Deviation3/ | |||||||||
| 1985-1994 | 5.4 | 5.8 | 4.7 | 5.6 | 6.2 | 4.8 | 4.2 | 4.3 | 3.3 |
| 1990-1994 | 5.3 | 5.9 | 4.3 | 5.6 | 6.4 | 4.4 | 3.5 | 3.6 | 2.7 |
| 1992-1994 | 3.2 | 3.5 | 2.8 | 3.4 | 3.9 | 2.8 | 2.0 | 2.0 | 1.9 |
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NOTE: Rates of return have been derived directly from tables C4-C11 and from similar published summary tables for prior years.
The rate of return formula is the same as that described in Chapter 12 of the 1989 DOL volume entitled "Trends in Pensions," except that
the return formula used here refines the treatment of receivables. The receivable line item called "income receivables," which first appeared on the 1988 form,
is not deducted from total assets because such assets may produce investment income. Because the Form 5500 does not provide information on the timing
of cash flows during the year, a time weighted rate of return cannot be derived. The formula used assumes that all cash flows occur in the middle of the plans' reporting
period. The formula makes no adjustment for reporting periods other than one year, which are reported on approximately 3 percent of Form 5500 filings.
1/ The 1994 row, for example, represents all plan years that began in 1994. About 77 percent of these plan years began on January 1, 1994. |
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