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TABLE C10

Income Statement of Single Employer Pension Plans with 100 or More Participants *by type of plan, 1996* (amounts in millions)
Income and Expenses	Total	Defined Benefit	Defined Contribution
INCOME
Contributions received or receivable from:
Employers	$60,690	$23,113	$37,578
Participants	59,840	711	59,129
Others	5,372	359	5,013
Noncash contributions	561	80	481
Total contributions	126,463	24,263	102,200
Interest earnings:
Interest-bearing cash	5,455	1,648	3,807
Certificates of deposit	237	109	128
U.S. Government securities	4,069	3,033	1,036
Corporate debt instruments	2,811	1,925	887
Mortgage loans	97	44	53
Other loans	1,074	71	1,002
Other or unspecified interest	11,194	3,191	8,003
Total interest earnings	24,938	10,021	14,917
Dividends:
Preferred stock	1,711	217	1,494
Common stock	12,898	3,824	9,074
Total dividend income	14,610	4,041	10,569
Rents	247	173	74
Net gain (loss) on sale of assets	21,368	11,983	9,385
Unrealized appreciation (depreciation) of assets	73,960	22,348	51,612
Net investment gain (loss) from common/collective trusts	14,791	6,682	8,109
Net investment gain (loss) from pooled separate accounts	8,945	4,285	4,661
Net investment gain (loss) from master trusts	134,182	103,889	30,293
Net investment gain (loss) from 103-12 investment entities	225	80	144
Net investment gain (loss) from registered investment companies	26,022	3,363	22,659
Other or unspecified income	5,914	2,183	3,731
TOTAL INCOME	451,665	193,312	258,354
a
EXPENSES
Benefit payments and payments to provide benefits:
Direct benefits	156,007</TD>	72,057	83,950
Payments to insurance carriers	2,172	1,777	395
Other benefits	1,798	638	1,161
Total payments	159,976	74,471	85,505
Interest expense	2,198	11	2,187
Administrative expenses:
Salaries and allowances	94	63	31
Accounting fees	82	45	37
Actuarial fees	344	328	16
Contract administrator fees	318	177	141
Investment advisory and management fees	2,301	1,846	455
Legal fees	46	27	18
Valuation/appraisal fees	35	29	6
Trustee fees/expenses	598	375	222
Other administrative expenses	1,759	1,329	430
Total administrative expenses	5,576	4,220	1,356
Other or unspecified expenses	59	-5	64
TOTAL EXPENSES	167,810	78,697	89,112
NET INCOME	283,856	114,614	169,241

SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996.

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