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TABLE C10

Income Statement of Single Employer Pension Plans
with 100 or More Participants

by type of plan, 1994
(amounts in millions)
Income and Expenses Total Defined Benefit Defined Contribution
INCOME
Contributions received or receivable from:
Employers $59,724 $27,386 $32,339
Participants 46,440 566 45,873
Others 3,460 1,073 2,387
Noncash contributions 532 111 421
Total contributions 110,155 29,135 81,020
Interest earnings
Interest-bearing cash 4,595 1,595 2,999
Certificates of deposit 207 78 129
U.S. Government securities 4,172 2,975 1,196
Corporate debt instruments 2,716 1,872 844
Mortgage loans 100 46 54
Other loans 721 31 690
Other or unspecified interest 10,024 2,753 7,271
Total interest earnings 22,536 9,352 13,184
Dividends
Preferred stock 1,469 172 1,297
Common stock 9,842 3,442 6,400
Total dividend income 11,312 3,614 7,698
Rents 163 88 75
Net gain (loss) on sale of assets 1,834 (1,690) 3,524
Unrealized appreciation (depreciation) of assets (10,068) (5,398) (4,670)
Net investment gain (loss) from common/collective trusts 2,060 797 1,263
Net investment gain (loss) from pooled separate accounts 1,020 507 513
Net investment gain (loss) from master trusts 16,627 10,192 6,435
Net investment gain (loss) from 103-12 investment entities 64 36 27
Net investment gain (loss) from registered investment companies 1,897 388 1,510
Other or unspecified income 3,554 1,413 2,141
TOTAL INCOME 161,154 48,435 112,719
EXPENSES
Benefit payments and payments to provide benefits
Direct benefits 120,297 62,754 57,542
Payments to insurance carriers 1,761 1,496 266
Other benefits 1,234 431 803
Total payments 123,291 64,681 58,611
Interest expense 2,416 11 2,404
Administrative expenses
Salaries and allowances 77 50 27
Accounting fees 67 35 32
Actuarial fees 290 275 14
Contract administrator fees 285 168 117
Investment advisory and management fees 1,840 1,479 361
Legal fees 42 30 12
Valuation/appraisal fees 9 4 5
Trustee fees/expenses 485 316 169
Other administrative expenses 1,634 998 636
Total administrative expenses 4,728 3,355 1,373
Other or unspecified expenses 14 2 12
TOTAL EXPENSES 130,449 68,049 62,400
NET INCOME 30,705 (19,614) 50,319

SOURCE: Form 5500 series reports filed with the Internal Revenue Service for 1994 plan years.

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