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TABLE C6

Balance Sheet of Multiemployer Pension Plans with 100 or More Participants
by type of plan, 19941/
(amounts in millions)
Type of Asset or Liability Total Defined Benefit Defined Contribution
ASSETS
Receivables
Employer contributions $1,109 $899 $210
Participant contributions 14 2 12
Income receivables 1,248 1,078 170
Other receivables 1,134 997 137
Less allowance for doubtful accounts 50 46 4
Total receivables (net) 3,455 2,931 524
General Investments
Interest-bearing cash 8,967 7,480 1,486
Certificates of deposit 1,172 500 671
U.S. Government securities 56,470 48,483 7,986
Corporate debt instruments: Preferred 12,128 11,090 1,038
Corporate debt instruments: All other 16,878 14,205 2,674
Preferred stock 683 655 28
Common stock 67,131 63,525 3,606
Partnership/joint venture interests 735 724 12
Income-producing real estate 2,935 2,710 225
Nonincome-producing real estate 294 285 9
Residential loans (other than to participants) 593 513 80
Commercial loans secured by mortgages 2,193 2,083 109
Mortgage loans to participants 87 76 11
Other loans to participants 251 16 236
Other loans 1,357 1,347 10
Value of interest in common/collective trusts 21,124 19,851 1,273
Value of interest in pooled separate accounts 3,386 2,980 406
Value of interest in master trusts 604 413 191
Value of interest in 103-12 investment entities 1,177 831 346
Value of interest in registered investment companies 5,440 4,432 1,008
Value of funds held in insurance company general account 10,309 7,033 3,276
Other or unspecified general investments 8,272 6,594 1,678
Total general investments 222,185 195,827 26,359
Employer securities 611 608 3
Employer real property 3 3 2/
Unspecified investments 2/ 2/ 2/
Total noninterest-bearing cash 375 310 65
Buildings and other property used in plan operations 212 205 7
TOTAL ASSETS 226,841 199,884 26,958
LIABILITIES
Benefit claims payable 209 100 109
Operating payables 629 585 44
Acquisition indebtedness 195 186 9
Other liabilities 2,104 2,011 93
TOTAL LIABILITIES 3,137 2,882 256
NET ASSETS 223,704 197,002 26,702

1/ Includes multiemployer plans and multiple-employer collectively bargained plans.
2/ Less than $500,000.

NOTE: Total asset amounts shown exclude funds held by life insurance companies under allocated group insurance contracts for payment of retirement benefits. These funds make up roughly 10 to 15 percent of total pension fund assets.

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

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