|
|
|
|
| Income Statement of 401(k) Type Plans with 100 or More Participants 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 | $26,079 | $8,552 | $17,527 |
| Participants | 56,396 | 15,904 | 40,492 |
| Others | 4,628 | 2,390 | 2,239 |
| Noncash contributions | 304 | 98 | 206 |
| Total contributions | 87,406 | 26,942 | 60,464 |
| Interest earnings: | |||
| Interest-bearing cash | 3,101 | 947 | 2,154 |
| Certificates of deposit | 92 | 20 | 72 |
| U.S. Government securities | 636 | 211 | 425 |
| Corporate debt instruments | 640 | 174 | 466 |
| Mortgage loans | 35 | 11 | 24 |
| Other loans | 923 | 198 | 725 |
| Other or unspecified interest | 6,905 | 1,118 | 5,787 |
| Total interest earnings | 12,332 | 2,679 | 9,653 |
| Dividends: | |||
| Preferred stock | 791 | 61 | 730 |
| Common stock | 7,304 | 963 | 6,341 |
| Total dividend income | 8,095 | 1,024 | 7,072 |
| Rents | 41 | 38 | 4 |
| Net gain (loss) on sale of assets | 7,174 | 1,206 | 5,968 |
| Unrealized appreciation (depreciation) of assets | 33,615 | 5,275 | 28,340 |
| Net investment gain (loss) from common/collective trusts | 7,103 | 1,630 | 5,472 |
| Net investment gain (loss) from pooled separate trusts | 4,230 | 2,060 | 2,169 |
| Net investment gain (loss) from master trusts | 25,635 | 1,618 | 24,017 |
| Net investment gain (loss) from 103-12 investment entities | 124 | 45 | 79 |
| Net investment gain (loss) from registered investment companies | 19,683 | 7,051 | 12,632 |
| Other or unspecified income | 2,567 | 1,104 | 1,464 |
| TOTAL INCOME | 208,004 | 50,672 | 157,332 |
| a | |||
| EXPENSES | |||
| Benefit payments and payments to provide benefits: | |||
| Direct benefits | 66,883 | 15,116 | 51,768 |
| Payments to insurance carriers | 138 | 62 | 76 |
| Other benefits | 834 | 184 | 650 |
| Total payments | 67,855 | 15,362 | 52,493 |
| Interest expense | 1,208 | 65 | 1,142 |
| Administrative expenses: | |||
| Salaries and allowances | 18 | 10 | 8 |
| Accounting fees | 27 | 12 | 14 |
| Actuarial fees | 11 | 3 | 8 |
| Contract administrator fees | 118 | 48 | 70 |
| Investment advisory and management fees | 311 | 124 | 187 |
| Legal fees | 12 | 3 | 10 |
| Valuation/appraisal fees | 4 | 1 | 3 |
| Trustee fees/expenses | 173 | 60 | 113 |
| Other administrative expenses | 335 | 115 | 220 |
| Total administrative expenses | 1,009 | 377 | 632 |
| Other or unspecified expenses | 64 | 1 | 63 |
| TOTAL EXPENSES | 70,136 | 15,806 | 54,331 |
| NET INCOME | 137,868 | 34,866 | 103,002 |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |
|
|
|
|