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| Income Statement of Defined Contribution Plans with 100 or More Participants
by type of plan, 1996 (amounts in millions) |
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| Income and Expenses | Total Defined Contribution Plans |
Profit Sharing and Thrift- Savings Plans |
Stock Bonus Plans |
Target Benefit Plans |
Money Purchase Plans |
Other |
| INCOME | ||||||
| Contributions received or receivable from: | ||||||
| Employers | $40,063 | $29,626 | $3,435 | $99 | $5,123 | $1,780 |
| Participants | 59,313 | 53,308 | 2,593 | 3 | 625 | 2,784 |
| Others | 5,021 | 4,762 | 69 | 2 | 70 | 118 |
| Noncash contributions | 481 | 313 | 150 | 0 | 2 | 16 |
| Total contributions | 104,877 | 88,008 | 6,246 | 104 | 5,820 | 4,699 |
| Interest earnings: | ||||||
| Interest-bearing cash | 3,903 | 3,192 | 178 | 4 | 345 | 184 |
| Certificates of deposit | 177 | 129 | 1 | 1/ | 38 | 8 |
| U.S. Government securities | 1,512 | 956 | 8 | 4 | 449 | 94 |
| Corporate debt instruments | 1,107 | 829 | 3 | 2 | 233 | 40 |
| Mortgage loans | 66 | 48 | 1/ | 1/ | 17 | 1 |
| Other loans | 1,023 | 907 | 48 | 1/ | 29 | 38 |
| Other or unspecified interest | 8,313 | 7,218 | 206 | 8 | 522 | 359 |
| Total interest earnings | 16,101 | 13,279 | 444 | 19 | 1,634 | 724 |
| Dividends: | ||||||
| Preferred stock | 1,499 | 1,012 | 368 | 1 | 25 | 94 |
| Common stock | 9,181 | 7,101 | 1,159 | 5 | 346 | 569 |
| Total dividend income | 10,681 | 8,113 | 1,528 | 6 | 371 | 663 |
| Rents | 77 | 62 | 1/ | 0 | 12 | 3 |
| Net gain (loss) on sale of assets | 9,624 | 7,451 | 921 | 12 | 677 | 563 |
| Unrealized appreciation (depreciation) of assets | 52,145 | 40,466 | 6,638 | 38 | 1,692 | 3,311 |
| Net investment gain (loss) from common/collective trusts | 8,278 | 7,221 | 217 | 6 | 353 | 481 |
| Net investment gain (loss) from pooled separate accounts | 4,716 | 4,302 | 8 | 3 | 293 | 110 |
| Net investment gain (loss) from master trusts | 30,306 | 25,726 | 2,230 | 76 | 1,007 | 1,269 |
| Net investment gain (loss) from 103-12 investment entities | 234 | 203 | 1/ | 0 | 20 | 11 |
| Net investment gain (loss) from registered investment companies | 22,813 | 20,048 | 510 | 34 | 1,287 | 934 |
| Other or unspecified income | 3,771 | 2,746 | 729 | 3 | 238 | 56 |
| TOTAL INCOME | 263,622 | 217,624 | 19,471 | 300 | 13,404 | 12,824 |
| a | ||||||
| EXPENSES | ||||||
| Benefit payments and payments to provide benefits | ||||||
| Direct benefits | 85,581 | 70,863 | 6,554 | 94 | 4,128 | 3,943 |
| Payments to insurance carriers | 399 | 139 | 49 | 3 | 175 | 33 |
| Other benefits | 1,185 | 789 | 298 | 1/ | 44 | 54 |
| Total payments | 87,166 | 71,791 | 6,901 | 97 | 4,347 | 4,030 |
| Interest expense | 2,187 | 1,289 | 708 | (1) | 4 | 186 |
| Administrative expenses: | ||||||
| Salaries and allowances | 43 | 22 | 1/ | 1/ | 17 | 3 |
| Accounting fees | 46 | 31 | 2 | 1/ | 9 | 3 |
| Actuarial fees | 19 | 13 | 1 | 1/ | 3 | 2 |
| Contract administrator fees | 164 | 117 | 4 | 1/ | 33 | 9 |
| Investment advisory and management fees | 527 | 386 | 12 | 2 | 101 | 25 |
| Legal fees | 31 | 16 | 1 | 1/ | 11 | 3 |
| Valuation/appraisal fees | 6 | 5 | 1 | 0 | 1/ | 1/ |
| Trustee fees/expenses | 226 | 189 | 13 | 1 | 13 | 10 |
| Other administrative expenses | 474 | 372 | 18 | 1/ | 54 | 30 |
| Total administrative expenses | 1,535 | 1,153 | 52 | 3 | 242 | 86 |
| Other or unspecified expenses | 64 | 64 | 1/ | 1/ | 1/ | 1/ |
| TOTAL EXPENSES | 90,952 | 74,296 | 7,661 | 100 | 4,593 | 4,303 |
| NET INCOME | 172,670 | 143,327 | 11,810 | 200 | 8,811 | 8,521 |
| 1/ Less than $500,000. |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |
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