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| Income Statement of 401(k) Type Plans, 1996 (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 | $32,878 | $14,603 | $18,275 |
| Participants | 64,501 | 23,009 | 41,493 |
| Others | 6,288 | 3,753 | 2,535 |
| Noncash contributions | 307 | 100 | 207 |
| Total contributions | 103,973 | 41,463 | 62,510 |
| Investment earnings 1/ | 20,702 | 3,810 | 16,892 |
| Net gain (loss) on sale of assets | 8,621 | 2,266 | 6,355 |
| Other or unspecified income 2/ | 106,677 | 29,245 | 77,433 |
| TOTAL INCOME | 239,973 | 76,783 | 163,190 |
| a | |||
| EXPENSES | |||
| Benefit payments and payments to provide benefits | |||
| Direct benefits | 77,086 | 23,069 | 54,017 |
| Other benefits | 1,395 | 603 | 792 |
| Total payments | 78,481 | 23,672 | 54,810 |
| Total administrative expenses | 1,270 | 601 | 669 |
| Other or unspecified expenses | 1,874 | 555 | 1,319 |
| TOTAL EXPENSES | 81,626 | 24,828 | 56,798 |
| NET INCOME | 158,347 | 51,955 | 106,392 |
| 1/ Includes interest earnings, dividends, and rents. |
| 2/ Includes net gain (loss) from pooled funds, unrealized appreciation (depreciation) of assets, and miscellaneous other income items. |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |
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