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Income Statement of Pension
Plans by type of plan, 1997 (amounts in millions) |
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| Income and Expenses | Total | Defined Benefit | Defined Contribution |
| INCOME | |||
| Contributions received or receivable from: | |||
| Employers | $90,523 | $28,271 | $62,252 |
| Participants | 77,494 | 639 | 76,855 |
| Others | 8,883 | 866 | 8,017 |
| Noncash contributions | 1,042 | 86 | 956 |
| Total contributions | 177,940 | 39,862 | 148,078 |
| Investment earnings 1/ | 54,553 | 27,674 | 26,879 |
| Net gain (loss) on sale of assets | 59,682 | 35,534 | 24,148 |
| Other or unspecified income 2/ | 438,508 | 197,066 | 241,442 |
| TOTAL INCOME | 730,683 | 290,136 | 440,547 |
| a | |||
| EXPENSES | |||
| Benefit payments and payments to provide benefits | |||
| Direct benefits | 224,040 | 93,120 | 130,920 |
| Other benefits | 8,439 | 4,093 | 4,346 |
| Total payments | 232,479 | 97,213 | 135,266 |
| Total administrative expenses | 9,645 | 6,728 | 2,917 |
| Other or unspecified expenses | 4,216 | 451 | 3,766 |
| TOTAL EXPENSES | 246,341 | 104,391 | 141,949 |
| NET INCOME | 484,343 | 185,744 | 298,598 |
| 1/ Includes interest earnings, dividends, and rents. |
| 2/ Includes net gain (loss) from pooled funds, unrealized appreciation (depreciation) of assets, and miscellaneous other income items. |
| SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1997. |
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