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TABLE C11

Income Statement of Multiemployer 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 $10,080 $7,918 $2,162
Participants 147 29 118
Others 37 30 7
Noncash contributions 1 1 1/
Total contributions 10,265 7,978 2,287
Interest earnings
Interest-bearing cash 613 512 101
Certificates of deposit 67 26 41
U.S. Government securities 3,391 2,929 462
Corporate debt instruments 1,969 1,723 245
Mortgage loans 230 216 14
Other loans 41 26 15
Other or unspecified interest 1,485 1,184 301
Total interest earnings 7,796 6,616 1,180
Dividends
Preferred stock 82 77 4
Common stock 1,539 1,450 89
Total dividend income 1,621 1,527 93
Rents 135 114 20
Net gain (loss) on sale of assets (317) (257) (60)
Unrealized appreciation (depreciation) of assets (329) (3) (325)
Net investment gain (loss) from common/collective trusts 266 234 32
Net investment gain (loss) from pooled separate accounts 103 82 21
Net investment gain (loss) from master trusts 6 3 3
Net investment gain (loss) from 103-12 investment entities 101 72 29
Net investment gain (loss) from registered investment companies 285 264 21
Other or unspecified income 243 198 45
TOTAL INCOME 20,175 16,829 3,346
EXPENSES
Benefit payments and payments to provide benefits
Direct benefits 13,615 11,972 1,643
Payments to insurance carriers 1,025 1,022 3
Other benefits 102 89 13
Total payments 14,742 13,084 1,659
Interest expense 5 4 1
Administrative expenses
Salaries and allowances 168 146 22
Accounting fees 43 34 9
Actuarial fees 59 55 4
Contract administrator fees 152 131 22
Investment advisory and management fees 640 572 69
Legal fees 92 78 14
Valuation/appraisal fees 2 1 1
Trustee fees/expenses 22 19 3
Other administrative expenses 355 289 66
Total administrative expenses 1,533 1,324 209
Other or unspecified expenses 2 1/ 2
TOTAL EXPENSES 16,281 14,411 1,870
NET INCOME 3,893 2,417 1,476

1/ Less than $500,000.

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

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