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TABLE C9

Income Statement of 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 $69,804 $35,304 $34,501
Participants 46,587 595 45,991
Others 3,497 1,103 2,394
Noncash contributions 533 111 421
Total contributions 120,420 37,113 83,307
Interest earnings
Interest-bearing cash 5,208 2,108 3,100
Certificates of deposit 274 104 170
U.S. Government securities 7,563 5,904 1,658
Corporate debt instruments 4,685 3,596 1,089
Mortgage loans 330 262 68
Other loans 762 57 705
Other or unspecified interest 11,510 3,937 7,572
Total interest earnings 30,332 15,968 14,364
Dividends
Preferred stock 1,551 249 1,302
Common stock 11,381 4,892 6,489
Total dividend income 12,933 5,141 7,791
Rents 297 203 95
Net gain (loss) on sale of assets 1,518 (1,946) 3,464
Unrealized appreciation (depreciation) of assets (10,397) (5,401) (4,996)
Net investment gain (loss) from common/collective trusts 2,326 1,030 1,295
Net investment gain (loss) from pooled separate accounts 1,124 589 535
Net investment gain (loss) from master trusts 16,633 10,194 6,438
Net investment gain (loss) from 103-12 investment entities 164 108 56
Net investment gain (loss) from registered investment companies 2,183 652 1,531
Other or unspecified income 3,797 1,611 2,185
TOTAL INCOME 181,329 65,263 116,065
EXPENSES
Benefit payments and payments to provide benefits
Direct benefits 133,912 74,726 59,185
Payments to insurance carriers 2,786 2,518 268
Other benefits 1,336 520 816
Total payments 138,034 77,764 60,269
Interest expense 2,420 15 2,405
Administrative expenses
Salaries and allowances 244 196 49
Accounting fees 110 69 41
Actuarial fees 349 331 18
Contract administrator fees 437 299 138
Investment advisory and management fees 2,480 2,050 430
Legal fees 134 107 26
Valuation/appraisal fees 11 5 5
Trustee fees/expenses 507 335 172
Other administrative expenses 1,989 1,286 702
Total administrative expenses 6,261 4,678 1,583
Other or unspecified expenses 16 2 14
TOTAL EXPENSES 146,730 82,460 64,271
NET INCOME 34,598 (17,196) 51,795

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

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