1994 Private Pension Plan Bulletins Abstract of Form 5500 Annual Reports

Private Pension Plan Bulletin
Abstract of 1994 Form 5500 Annual Reports

U.S. Department of Labor
Pension and Welfare Benefits Administration
Office of Policy and Research
Number 7, Spring 1998

Introduction

This is the seventh edition of the Private Pension Plan Bulletin. The tabulations presented in this report contain final numbers based on 1994 Form 5500 filings. Reports for 1994 plan years were filed by plans for fiscal years ending anywhere from December 31, 1994 to December 30, 1995. The processing period for 1994 filings ran from August 1995 through July 1997.

Form 5500 reports are filed annually with the Internal Revenue Service (IRS). Plans covering 100 or more participants must file a Form 5500 every year containing extensive financial, participant, and actuarial data. Plans covering fewer than 100 participants are required to file a less detailed report (known as a Form 5500 C/R).

The universe for this Bulletin consists of all private pension plans for which a Form 5500 or Form 5500 C/R has been filed with the IRS in accordance with Title I of the Employee Retirement Income Security Act of 1974 (ERISA). Such plans may be defined benefit or defined contribution plans. They generally cover private wage and salary employees and are sponsored either by employers or jointly by employers and unions.

The IRS processes the reports and provides computerized edited files to the Department of Labor's Pension and Welfare Benefits Administration. To produce this Bulletin, the file of plans covering 100 or more participants is combined with a 5 percent sample of small plan filers. This combined file is subjected to additional editing and weighted to represent the universe of private pension plans covering two or more participants.

The major change from the last Bulletin is the addition of two new Tables and two new charts to Section E presenting estimates of aggregate rates of return earned by private pension plans over the 1985-94 period. The organization of this Bulletin is otherwise similar to previous ones. Key findings from the 1994 filings are summarized in the Highlights on pages 2 through 4. The tabulations are organized into five sections. Section A contains summary data on plans, participants, assets, income and expenses. Section B contains more detailed data on plans and participants, showing distributions by different size measures. Section C contains balance sheets and income statements for the major types of private pension plans. Section D contains detailed data on defined contribution plans. Section E contains historical data from 1975 to 1994.

This publication was prepared by Richard Hinz, Helen Lawrence, David McCarthy, Deloris Penic-Stevens and Daniel Beller of the Office of Policy and Research. The editors wish to acknowledge Steve Donahue and Phyllis Fernandez for valuable technical support. Although this Bulletin Is not copyrighted, proper acknowledgment would be appreciated. The recommended citation is:

United States Department of Labor, Pension and Welfare Benefits Administration. Abstract of 1994 Form 5500 Annual Reports. Private Pension Plan Bulletin No. 7, Spring 1998. Washington, DC: United States Government Printing Office, 1998.


Contents

  • Section A: Summary
    • Table A1: Number of Pension Plans, Total Participants, Active Participants, Assets, Contributions,and Benefits by type of plan, 1994
    • Table A2: Number of Participants in Pension Plans by type of plan entity, type of plan, and type of participant, 1994
    • Table A3: Balance Sheet of Pension Plans by type of plan, 1994
    • Table A4: Income Statement of Pension Plans by type of plan, 1994
    • Table A5: Assets of Pension Plans by type of plan and method of funding,1994
    • Table A6: Collective Bargaining Status of Pension Plans, Participants, and Assets by type of plan, 1994
    • Figure A1: Distribution of Pension Plans and Participants by type of plan, 1994
    • Figure A2: Active Participants in Pension Plans by type of plan, 1994
    • Figure A3: Distribution of Assets by method of funding, 1994
  • Section B: Plans and Participants
    • Table B1: Distribution of Pension Plans by participant size, 1994
    • Table B2: Distribution of Pension Plans by amount of assets, 1994
    • Table B3: Distribution of Pension Plans by industry, 1994
    • Table B4: Distribution of Participants by participant size, 1994
    • Table B5: Distribution of Participants by amount of assets, 1994
    • Table B6: Distribution of Participants by industry, 1994
    • Table B7: Distribution of Active Participants by type of plan, 1994
    • Table B8: Number of Plans by type of plan and method of funding, 1994
    • Table B9: Number of Participants by type of plan and method of funding, 1994
  • Section C: Financial
    • Table C1: Distribution of Assets by participant size, 1994
    • Table C2: Distribution of Assets by asset size, 1994
    • Table C3: Distribution of Assets by industry, 1994
    • Table C4: Balance Sheet of Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C5: Balance Sheet of Single Employer Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C6: Balance Sheet of Multiemployer Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C7: Percent Distribution of Assets of Defined Benefit Pension Plans with 100 or More Participants by type of asset and size of plan, 1994
    • Table C8: Percent Distribution of Assets of Defined Contribution Pension Plans with 100 or More Participants by type of asset and size of plan, 1994
    • Table C9: Income Statement of Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C10: Income Statement of Single Employer Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C11: Income Statement of Multiemployer Pension Plans with 100 or More Participants by type of plan, 1994
    • Table C12: Percent Distribution of Income of Defined Benefit Plans with 100 or More Participants by source of income and size of plan, 1994
    • Table C13: Percent Distribution of Income of Defined Contribution Plans with 100 or More Participants by source of income and size of plan, 1994
    • Figure C: Percent of Total Assets by Type of Plan 1994
  • Section D: Defined Contribution Plans
    • Table D1: Balance Sheet of Defined Contribution Plans with 100 or More Participants by type of plan, 1994
    • Table D2: Income Statement of Defined Contribution Plans with 100 or More Participants by type of plan, 1994
    • Table D3: Number of 401(k) Type Plans, Participants, Active Participants, Assets, Contributions, and Benefits by type of plan, 1994
    • Table D4: Number of 401(k) Type Plans by participant size and primary or supplemental status, 1994
    • Table D5: Number of Active Participants in 401(k) Type Plans by participant size and primary or supplemental status, 1994
    • Table D6: Balance Sheet of 401(k) Type Plans with 100 or More Participants by number of pension plans sponsored by employer, 1994
    • Table D7: Income Statement of 401(k) Type Plans with 100 or More Participants by number of pension plans sponsored by employer, 1994
    • Table D8: Percent Distribution of Assets in 401(k) Type Plans with 100 or More Participants by type of asset, 1985-1993
    • Table D9: Number of Employee Stock Ownership Plans (ESOPs), Participants, Active Participants, Assets, Contributions, and Benefits by type of plan, 1994
    • Table D10: Number of Employee Stock Ownership Plans (ESOPs), Total Participants, Active Participants, Assets, Contributions, and Benefits by type of ESOP, 1994
    • Table D11: Balance Sheet of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants by leveraged status, 1994
    • Table D12: Income Statement of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants by leveraged status, 1994
    • Table D13: Number of Employee Stock Ownership Plans (ESOPs) by participant size and primary or supplemental status, 1994
    • Figure D: Number of 401(k) Plans 1984-1994
  • Section E: Historical Tables
    • Table E1: Number of Pension Plans by type of plan, 1975-1994
    • Table E2: Number of Pension Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E3: Number of Pension Plans with 100 or More Participants by type of plan, 1975-1994
    • Table E4: Estimated Private Wage and Salary Worker Participation Rates Under Primary and Supplemental Pension Plans 1975-1994
    • Table E5: Number of Participants in Pension Plans by type of plan, 1975-1994
    • Table E6: Number of Participants in Pension Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E7: Number of Participants in Pension Plans with 100 or More Participants by type of plan, 1975-1994
    • Table E8: Number of Active Participants in Pension Plans by type of plan, 1975-1994
    • Table E9: Number of Active Participants in Pension Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E10: Number of Active Participants in Pension Plans with 100 or More Participants by type of plan, 1975-1994
    • Table E11: Pension Plan Assets by type of plan, 1975-1994
    • Table E12: Pension Plan Assets of Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E13: Pension Plan Assets of Plans with 100 or More Participants by type of plan, 1975-1994
    • Table E14: Pension Plan Contributions by type of plan, 1975-1994
    • Table E15: Pension Plan Contributions to Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E16: Pension Plan Contributions to Plans with 100 or More Participants by type of plan, 1975-1994
    • Table E17: Pension Plan Benefits Disbursed by type of plan, 1975-1994
    • Table E18: Pension Plan Benefits Disbursed From Plans with Fewer than 100 Participants by type of plan, 1975-1994
    • Table E19: Pension Plan Benefits Disbursed From Plans with 100 or more Participants by type of plan, 1975-1994
    • Table E20: Percent Distribution of Active Participants in Plans with 100 or More Participants by vesting status, 1975-1994
    • Table E21: Percent Distribution of Active Participants in Single Employer Plans with 100 or More Participants by vesting status, 1975-1994
    • Table E22: Percent Distribution of Active Participants in Multiemployer Plans with 100 or More Participants by vesting status, 1975-1994
    • Table E23: Number of 401(k) Type Plans, Participants, Assets, Contributions, and Benefit Payments 1984-1994
    • Table E24: Aggregate Rates of Return Earned by Pension Plans with 100 or More Participants 1985-1994
    • Table E25: Aggregate Investment Performance of Pension Plans with 100 or More Participants 1985-1994
    • Figure E1: Number of Pension Plans 1975-1994
    • Figure E2: Pension Plan Active Participants 1975-1994
    • Figure E3: Pension Coverage of Wage and Salary Workers 1975-1994
    • Figure E4: Pension Plan Assets 1975-1994
    • Figure E5: Pension Contributions and Benefits Disbursed 1975-1994
    • Figure E6: Rates of Return by type of plan, 1985-1994
    • Figure E7: Rates of Return for Single and Multiemployer Plans 1985-1994

Highlights

Assets held by private pension plans in 1994 Totaled $2.299 trillion, a slight decrease from the $2.316 trillion reported in 1993. While defined contribution (DC) plan assets increased by 1.8% in 1994 to $1.088 trillion, this increase was more than offset by a 3.0% decline in defined benefit (DB) plan assets to $1.211 trillion. This was only the second time since annual reporting under ERISA commenced in 1975 that total plan assets declined.

The 1.8% increase in DC plan assets was lead by a 9% increase in assets held by 401(k) type plans, from $616 billion in 1993 to $675 billion in 1994. Assets held in non-401(k) DC plans were down by 9% from $452 billion in 1993 to $413 billion in 1994.

In addition to the increase in 401(k) plan assets, the number of 401(k) type plans and plan participants also expanded at a robust pace. The number of 401(k) type plans increased by 13% to 175,000, with the number of active participants increasing by 9% to 25.2 million. The increase in 401(k) type plans resulted not only from the establishment of new plans, but also from the amendment of existing defined contribution plans to include a cash or deferred arrangement.

Other findings from the Form 5500 series reports filed for 1994 plan years are summarized below:

  • The count of private pension plans filing Form 5500 reports in 1994 was about 690,350, a 2% decrease from 1993. It is unclear whether this slight drop in the count of processed Form 5500 filings from 1993 to 1994 represents an actual decrease in the number of pension plans. During the processing period for 1994 forms, delays were incurred both as a result of the government shutdown during part of the last quarter of calendar year 1995 and from tight budgetary restraints imposed on the processing effort. These combined delays appear to have resulted in somewhat less than a full year’s worth of 1994 forms being processed.
  • The number of DB plans decreased by 11% to 74,400, while the number of DC plans decreased by less than .5% to 615,900. The number of DB plans has decreased each year since 1986 and the 1994 count is only 43% of the peak total of 175,000 plans in 1983.
  • Total active participants in private pension plans increased slightly from 64.7 million in 1993 to 65.0 million in 1994. The long term patterns of decreases in DB plan active participants and increases in DC plan active participants continued in 1994, with DB plan active participants decreasing by 2% to 24.6 million and DC plan active participants increasing by 2% to 40.4 million.
  • While the number of DB plan active participants has been steadily decreasing each year, the number of DB plan retirees has been increasing. In 1994, 8.4 million retired or separated participants were drawing benefits from DB plans. In DB plans over the last five years, retired participants increased from 22% to 26% of active participants, reflecting the aging of the workforce in many of the large unionized manufacturing firms where DB plans predominate.
  • The total active participant count of 25.2 million in 401(k) type plans raised the percentage of all DC active participants in 401(k) plans to 62%. Among plans with 100 or more participants, about 40% of the net increase in active participants in 1994 was due to the adoption of a 401(k) feature by DC plans which were not 401(k) plans in 1994. An additional 35% of the increase in 401(k) plan participants from 1993 to 1994 was due to the establishment of new plans, and the remaining 25% was due to an increase in participants covered by 401(k) plans existing in 1993.
  • The decrease in pension plan assets in 1994 resulted from a negative cash flow (contributions minus benefit payouts and administrative expenses) which more than offset the positive investment earnings on plan assets. The net cash flow in 1994 was -$27.0 billion. The net cash flow was -$48.6 billion for DB plans and $21.6 billion for DC plans.
  • Benefit payments from plans increased by 5% in 1994 to $163.9 billion. Benefits paid out by DB plans increased by 4% to $82.6 billion and benefit payments from DC plans increased 5% to $81.3 billion. The increase in benefit payouts from DB plans results primarily from the increase in the number of retirees receiving benefits. For DC plans, the growing coverage rate has led both to an increase in the number of retirees receiving benefits and an increase in the number of workers changing jobs and withdrawing their vested account balances.
  • Total plan contributions decreased 6% from $153.6 billion in 1993 to $144.4 billion in 1994.
  • Contributions to defined benefit plans, after a continuous increase from 1990 to 1993, decreased by 25% from $52.1 billion in 1993 to $39.0 billion in 1994. Even with the substantial decrease from 1993, the 1994 contribution Total was the second highest since 1985. The 1993 spike in contributions resulted primarily from an unusually high contribution of $15.3 billion to the General Motors Hourly Plan.
  • Defined contribution plans received $105.3 billion in contributions during 1994, a 4% increase over 1993. The percentage of total DC contributions made by plan participants has been steadily increasing over the last decade and in 1994 was about equal to employer contributions to DC plans.
  • About 91% of all employee contributions to DC plans in 1994 were paid into 401(k) type plans compared to 53% of all employer cash contributions to DC plans.
  • Among plans with 100 or more participants, the aggregate rate of return in 1994 was 2.9%. This was the lowest rate of return over the 10 year period for which rates of return have been calculated from Form 5500 reports, and was well below the average annual rate of return of 10.3% for the 1985-94 period.
  • Defined contribution plans achieved an aggregate rate of return in 1994 of 3.8% compared to 2.2% for DB plans. Among DC plans the aggregate rates of return were similar in 1994 for both single employer and multiemployer plans. Among DB plans, multiemployer plans had an aggregate rate of return of 4.5% compared to 1.8% for single employer plans.

Section A: Summary

Table A1: Number of Pension Plans, Total Participants, Active Participants, Assets, Contributions, and Benefits by type of plan, 1994

Type of Plan

Number of Plans(1)

Total Participants
(thousands)(2)

Active Participants
(thousands)(3)

Total Assets
(millions)(4)

Total Contributions
(millions)(5)

Total Benefits
(millions)(6)

Total

690,344

85,117

64,972

$2,298,556

$144,353

$163,934

Defined benefit

74,422

40,338

24,615

1,210,856

39,031

82,625

Defined contribution

615,922

44,778

40,357

1,087,700

105,322

81,309

Profit sharing and
thrift-savings

464,914

32,663

29,643

829,402

82,672

62,581

Stock bonus

2,275

3,366

2,977

65,576

5,500

4,833

Target benefit

7,807

182

173

4,560

378

407

Money purchase

118,373

4,523

4,018

98,710

8,162

7,093

Annuity-
403(b)(1)

10,726

170

150

834

142

74

Custodial account-
403(b)(7)

639

8

8

120

23

10

IRAs or annuities
(Code 408)

5,533

102

99

1,061

72

66

Other defined contribution

5,655

3,764

3,289

87,437

8,372

6,245

Footnotes
  1. Excludes plans covering only one participant.
  2. Includes active, retired, and separated vested participants not yet in pay status. The number of participants also includes double counting of workers in more than one plan.
  3. Active participants include any workers currently in employment covered by a plan and who are earning or retaining credited service under a plan. Active participants also include nonvested former employees who have not yet incurred a break in service.
  4. 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.
  5. Includes both employer and employee contributions.
  6. Amounts exclude benefits made directly by insurance carriers. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers.

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


Table A2: Number of Participants in Pension Plans by type of plan entity, type of plan, and type of participant, 1994 (numbers in thousands)

Type of Participant

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total Participants

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

Active Participants

64,972

24,615

40,357

58,889

20,215

38,674

6,083

4,400

1,682

Fully vested

45,501

16,564

28,937

41,729

14,280

27,449

3,772

2,284

1,488

Partially vested

6,022

423

5,599

5,853

301

5,552

169

122

47

Nonvested

13,448

7,628

5,820

11,307

5,634

5,673

2,141

1,994

147

Retired or separated participants receiving benefits

9,031

8,441

589

6,831

6,309

522

2,201

2,133

68

Separated participants with vested right to benefits

11,114

7,282

3,832

9,220

5,673

3,547

1,894

1,609

285

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table A3: Balance Sheet of Pension Plans by type of plan, 1994 (amounts in millions)

Type of Asset

Total

Defined Benefit

Defined Contribution

Cash

$87,156

$27,679

$59,477

Receivables

47,111

20,577

26,534

Corporate debt and equity instruments

605,764

260,995

344,769

U.S. Government securities

157,487

105,054

52,434

Real estate and mortgages (other than to participants)

18,490

11,001

7,490

Mortgage loans to participants

961

112

849

Other loans to participants

17,875

430

17,445

Other investments and assets

1,363,191

784,738

578,452

Buildings and other property used in plan operations

520

270

250

Total Assets

2,298,556

1,210,856

1,087,700

Payables

13,849

6,525

7,325

Acquisition indebtedness

17,595

479

17,116

Other liabilities

25,727

9,140

16,587

Total Liabilities

57,172

16,143

41,028

Net Assets

2,241,384

1,194,713

1,046,672

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.


Table A4: Income Statement of Pension Plans by type of plan, 1994 (amounts in millions)

Income and Expenses

Total

Defined Benefit

Defined Contribution

Income

Contributions received or receivable from:

Employers

$87,476

$37,164

$50,312

Participants

51,597

640

50,957

Others

4,702

1,114

3,587

Noncash contributions

581

113

468

Total contributions

144,353

39,031

105,322

Investment earnings(1)

43,933

21,515

22,417

Net gain (loss) on sale of assets

2,437

(1,716)

4,153

Other or unspecified income(2)

26,918

9,570

17,348

Total Income

217,641

68,401

149,240

Expenses

Benefit payments and payments to provide benefits

Direct benefits

156,871

78,950

77,921

Other benefits

7,063

3,674

3,388

Total payments

163,934

82,625

81,309

Total administrative expenses

7,397

5,021

2,377

Other or unspecified expenses

4,928

468

4,460

Total Expenses

176,260

88,113

88,146

Net Income

41,381

(19,713)

61,093

Footnotes
  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 1994 plan years.


Table A5: Assets of Pension Plans by type of plan and method of funding, 1994 (amounts in millions)

Method of Funding

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Funding arrangement for investment of assets

Total

$2,298,556

$1,210,856

$1,087,700

$2,070,804

$1,010,275

$1,060,529

$227,752

$200,581

$27,171

Trust

1,379,560

737,778

641,782

1,255,230

629,603

625,627

124,330

108,175

16,155

Insurance

7,503

5,266

2,237

7,318

5,171

2,146

185

94

91

Trust and insurance

911,362

467,800

443,562

808,125

375,488

432,637

103,237

92,312

10,925

Other

131

11

120

131

11

120

0

0

0

Funding arrangement for payment of benefits

Total

$2,298,556

$1,210,856

$1,087,700

$2,070,804

$1,010,275

$1,060,529

$227,752

$200,581

$27,171

Trust

1,405,938

697,272

708,666

1,306,569

611,205

695,365

99,369

86,067

13,302

Insurance

55,957

33,580

22,377

54,036

32,186

21,850

1,921

1,395

526

Trust and insurance

829,364

478,738

350,626

702,959

365,620

337,339

126,405

113,117

13,287

Other

7,297

1,266

6,031

7,239

1,264

5,976

57

2

55

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table A6: Collective Bargaining Status of Pension Plans, Participants, and Assets by type of plan, 1994

Collective Bargaining Status

Total
Number of Plans

Total
Total Participants (thousands)

Total
Total Assets (millions)(1)

Defined Benefit
Number of Plans

Defined Benefit
Total Participants (thousands)

Defined Benefit
Total Assets (millions)(1)

Defined Contribution
Number of Plans

Defined Contribution
Total Participants (thousands)

Defined Contribution
Total Assets (millions)(1)

Total

690,344

85,117

$2,298,556

74,422

40,338

$1,210,856

615,922

44,778

$1,087,700

Collectively bargained plans

16,710

27,140

786,256

9,098

18,886

616,720

7,613

8,253

169,536

Noncollectively bargained plans

673,634

57,977

1,512,300

65,324

21,452

594,135

608,310

36,525

918,165

Footnotes
  1. Asset amounts shown exclude funds held by life insurance companies under allocated insurance contracts for payment of retirement benefits. These funds make up roughly 10 to 15 percent of Total pension fund assets.

Note: Some collectively bargained plans cover nonbargaining unit employees under a separate non-negotiated benefit structure.

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


Figure A1. Distribution of Pension Plans and Participants by type of plan, 1994

Figure A1 - Distribution of Pension Plans and Participants by type of plan, 1994

Reference: Table A1.

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


Figure A2. Active Participants in Pension Plans by type of plan, 1994

Figure A2 - Active Participants in Pension Plans by type of plan, 1994

Reference: Table A2.

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


Figure A3. Distribution of Assets by method of funding, 1994

Figure A3 - Distribution of Assets by method of funding, 1994

Reference: Table A5.

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


Section B: Plans and Participants

Table B1: Distribution of Pension Plans by participant size, 1994

Participant Size

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)Total

Single Employer Plans(1)Defined Benefit

Single Employer Plans(1)Defined Contribution

Multiemployer Plans(2)Total

Multiemployer Plans(2)Defined Benefit

Multiemployer Plans(2)Defined Contribution

Total

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

None or not reported

48,638

6,069

42,569

48,561

6,030

42,531

77

39

39

2-9

328,814

27,278

301,536

328,790

27,255

301,535

24

23

1

10-24

134,835

10,562

124,273

134,809

10,562

124,248

26

-

26

25-49

71,274

6,272

65,002

71,246

6,249

64,996

28

22

6

50-99

45,145

6,141

39,004

44,901

6,038

38,863

244

104

140

100-249

30,768

6,420

24,348

30,308

6,192

24,115

460

227

233

250-499

12,861

3,850

9,011

12,352

3,571

8,780

509

278

231

500-999

7,562

2,829

4,733

6,956

2,472

4,484

606

357

249

1,000-2,499

5,903

2,666

3,237

5,289

2,291

2,998

614

375

239

2,500-4,999

2,162

1,043

1,119

1,885

856

1,029

277

188

90

5,000-9,999

1,241

644

597

1,087

526

560

154

117

37

10,000-19,999

635

347

288

551

281

270

84

66

18

20,000-49,999

369

208

161

317

164

153

52

44

8

50,000 or more

137

94

43

107

68

39

30

26

4

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: Excludes plans covering only one participant.

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


Table B2: Distribution of Pension Plans by amount of assets, 1994

Amount of Assets

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

None or not reported

116,679

22,812

93,867

116,562

22,736

93,827

116

76

41

$1-24K

39,535

889

38,646

39,488

882

38,606

46

6

40

25-49K

37,615

933

36,682

37,600

933

36,667

15

-

15

50-99K

58,881

2,371

56,510

58,859

2,367

56,492

22

4

18

100-249K

120,280

7,333

112,947

120,222

7,329

112,893

58

4

54

250-499K

110,645

8,195

102,449

110,580

8,163

102,418

64

33

32

500-999K

91,065

9,863

81,202

90,947

9,838

81,109

118

25

93

1-2.4M

65,863

8,926

56,937

65,586

8,830

56,757

276

96

180

2.5-4.9M

22,838

3,754

19,084

22,453

3,595

18,858

386

159

227

5-9.9M

11,598

2,752

8,846

11,152

2,504

8,649

446

248

198

10-24.9M

7,668

2,823

4,846

7,073

2,420

4,653

595

402

193

25-49.9M

3,205

1,388

1,817

2,820

1,120

1,701

384

268

116

50-74.9M

1,220

621

599

1,032

476

556

188

145

43

75-99.9M

655

318

337

568

250

318

88

68

19

100-149.9M

755

395

360

632

293

339

123

102

21

150-199.9M

389

216

174

332

167

166

57

49

8

200-249.9M

248

134

115

194

86

108

55

48

7

250-499.9M

578

322

256

512

265

247

67

58

9

500-999.9M

326

200

127

278

156

123

48

44

4

1-2.49B

211

119

92

187

96

91

24

23

1

2.5B or more

88

59

29

79

50

29

9

9

-

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Notes: Excludes plans covering only one participant. The letters K, M, and B denote thousands, millions, and billions, respectively.

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


Table B3: Distribution of Pension Plans by industry, 1994

Industry

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

Agriculture

11,683

1,270

10,413

11,671

1,261

10,410

12

9

3

Mining

4,461

690

3,771

4,455

686

3,769

6

4

2

Construction

43,735

3,947

39,788

41,739

2,880

38,859

1,996

1,067

930

Manufacturing

85,718

15,632

70,086

85,424

15,403

70,021

294

229

65

Transportation

9,536

1,162

8,374

9,320

992

8,327

217

170

47

Communications and utilities

7,551

1,744

5,807

7,537

1,736

5,801

14

8

6

Wholesale trade

49,501

4,283

45,217

49,438

4,230

45,207

63

53

10

Retail trade

56,564

4,068

52,496

56,446

3,967

52,479

118

100

17

Finance, insurance
and real estate

53,170

7,659

45,511

53,164

7,654

45,510

6

5

1

Services

322,885

20,259

302,626

322,432

20,040

302,392

453

219

234

Tax-exempt organizations

42,629

13,278

29,352

42,629

13,278

29,352

-

-

-

Industry not reported

2,910

430

2,480

2,904

428

2,476

6

2

4

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: Excludes plans covering only one participant.

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


Table B4: Distribution of Participants by participant size, 1994 (numbers in thousands)

Participant Size

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

2-9

1,379

122

1,256

1,379

122

1,256

0

0

0

10-24

1,960

161

1,799

1,959

161

1,798

1

-

1

25-49

2,372

220

2,152

2,371

219

2,152

1

1

0

50-99

3,353

440

2,913

3,334

431

2,903

18

8

10

100-249

4,716

1,032

3,684

4,639

993

3,646

77

39

38

250-499

4,484

1,359

3,124

4,299

1,257

3,042

185

103

82

500-999

5,260

1,992

3,268

4,831

1,738

3,093

430

254

175

1,000-2,499

9,112

4,122

4,990

8,131

3,520

4,611

981

602

379

2,500-4,999

7,508

3,686

3,822

6,538

3,026

3,512

970

659

310

5,000-9,999

8,643

4,508

4,134

7,590

3,705

3,885

1,053

803

250

10,000-19,999

8,723

4,771

3,951

7,579

3,880

3,699

1,144

891

253

20,000-49,999

11,620

6,426

5,194

10,026

5,068

4,958

1,594

1,358

236

50,000 or more

15,988

11,498

4,490

12,263

8,075

4,188

3,725

3,423

302

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table B5: Distribution of Participants by amount of assets, 1994 (numbers in thousands)

Amount of Assets

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

None or not reported

2,442

633

1,809

2,420

621

1,799

22

13

9

$1-24K

327

10

317

321

9

312

6

1

5

25-49K

365

9

356

364

9

354

1

-

1

50-99K

720

39

681

710

38

672

10

1

9

100-249K

1,809

151

1,658

1,796

149

1,647

13

1

12

250-499K

2,285

237

2,049

2,267

231

2,036

19

6

13

500-999K

3,166

479

2,687

3,124

472

2,653

42

7

35

1-2.4M

4,729

965

3,764

4,624

943

3,681

105

22

83

2.5-4.9M

4,135

1,091

3,044

3,974

1,030

2,944

161

61

101

5-9.9M

4,530

1,527

3,002

4,196

1,384

2,812

334

144

190

10-24.9M

7,850

3,859

3,991

7,197

3,478

3,719

653

381

272

25-49.9M

6,003

2,772

3,231

5,257

2,345

2,912

746

427

318

50-74.9M

3,590

1,848

1,742

3,030

1,485

1,545

560

363

197

75-99.9M

2,609

1,312

1,297

2,270

1,116

1,155

339

196

142

100-149.9M

3,936

1,997

1,939

3,280

1,551

1,729

656

446

210

150-199.9M

2,874

1,682

1,192

2,367

1,243

1,124

507

439

68

200-249.9M

2,432

1,346

1,086

1,820

830

990

612

516

96

250-499.9M

6,507

3,593

2,914

5,657

2,902

2,755

850

691

159

500-999.9M

7,133

4,682

2,451

5,486

3,142

2,344

1,647

1,540

107

1-2.49B

8,514

5,022

3,492

7,459

3,975

3,485

1,054

1,047

7

2.5B or more

9,158

7,083

2,075

7,319

5,244

2,075

1,840

1,840

-

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: The letters K, M, and B denote thousands, millions, and billions, respectively.

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


Table B6: Distribution of Participants by industry, 1994 (numbers in thousands)

Industry

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

Agriculture

423

164

259

403

147

256

21

17

3

Mining

916

482

434

761

334

427

155

148

7

Construction

5,367

2,990

2,377

1,383

197

1,186

3,984

2,792

1,192

Manufacturing

31,835

16,946

14,889

30,453

15,798

14,655

1,382

1,148

234

Transportation

4,306

2,396

1,910

2,857

1,065

1,792

1,449

1,331

119

Communications and utilities

5,375

2,716

2,659

5,322

2,671

2,651

53

45

8

Wholesale trade

2,939

935

2,005

2,684

691

1,993

255

244

11

Retail trade

8,749

3,394

5,355

7,508

2,270

5,238

1,241

1,124

117

Finance, insurance
and real estate

9,054

4,080

4,973

9,035

4,067

4,967

19

13

6

Services

13,848

5,110

8,738

12,237

3,836

8,401

1,611

1,274

337

Tax-exempt organizations

2,164

1,067

1,097

2,164

1,067

1,097

-

-

-

Industry not reported

141

59

82

134

54

80

7

5

2

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table B7: Distribution of Active Participants by type of plan, 1994(1) (numbers in thousands)

Type of Plan

Total Plans

Single Employer Plans(2)

Multiemployer Plans(3)

Total

64,972

58,889

6,083

Defined benefit

24,615

20,215

4,400

Defined contribution

40,357

38,674

1,682

Profit sharing and thrift-savings

29,643

29,451

193

Stock bonus

2,977

2,977

-

Target benefit

173

169

4

Money purchase

4,018

2,824

1,194

Annuity - 403(b)(1)

150

80

70

Custodial account - 403(b)(7)

8

8

-

IRAs or annuities (Code 408)

99

94

5

Other defined contribution

3,289

3,072

217

Footnotes
  1. Active participants include any workers currently in employment covered by a plan and who are earning or retaining credited service under a plan. Active participants also include nonvested former employees who have not yet incurred a break in service.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table B8: Number of Plans by type of plan and method of funding, 1994

Method of Funding

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Funding arrangement for investment of assets

Total

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

Trust

465,850

39,501

426,349

463,716

38,310

425,407

2,133

1,191

942

Insurance

20,669

5,640

15,029

20,644

5,631

15,013

25

9

16

Trust and insurance

161,512

18,331

143,180

160,510

17,688

142,822

1,001

644

358

Other

42,313

10,949

31,365

42,288

10,926

31,361

26

23

3

Funding arrangement for payment of benefits

Total

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

Trust

467,394

39,978

427,416

466,080

39,260

426,820

1,314

718

596

Insurance

49,430

8,655

40,775

49,273

8,550

40,723

157

105

52

Trust and insurance

124,258

14,545

109,713

122,579

13,525

109,054

1,680

1,020

660

Other

49,262

11,244

38,018

49,226

11,220

38,006

36

25

11

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table B9: Number of Participants by type of plan and method of funding, 1994 (numbers in thousands)

Method of Funding

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Funding arrangement for investment of assets

Total

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

Trust

52,223

25,346

26,877

46,304

20,866

25,438

5,919

4,480

1,440

Insurance

776

408

368

763

404

359

13

4

8

Trust and insurance

30,693

14,124

16,569

26,450

10,468

15,982

4,243

3,656

587

Other

1,424

460

964

1,423

458

964

2

2

(3)

Funding arrangement for payment of benefits

Total

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

Trust

51,955

24,036

27,919

47,681

20,651

27,030

4,274

3,385

889

Insurance

3,291

1,473

1,818

3,186

1,414

1,772

104

59

46

Trust and insurance

28,224

14,323

13,902

22,433

9,627

12,806

5,791

4,696

1,096

Other

1,647

507

1,140

1,640

505

1,135

8

2

6

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.
  3. Less than 1,000.

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


Section C: Financial

Table C1: Distribution of Assets by participant size, 1994 (amounts in millions)

Participant Size

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

$2,298,556

$1,210,856

$1,087,700

$2,070,804

$1,010,275

$1,060,529

$227,752

$200,581

$27,171

None or not reported(3)

3,854

2,462

1,392

3,568

2,188

1,380

286

274

12

2-9

97,857

9,999

87,858

97,602

9,744

87,858

255

255

(4)

10-24

67,069

3,653

63,415

67,064

3,653

63,410

5

-

5

25-49

50,635

3,247

47,387

50,579

3,194

47,386

55

54

2

50-99

59,141

6,023

53,118

58,832

5,908

52,924

309

115

194

100-249

77,504

16,094

61,409

75,583

14,922

60,662

1,921

1,173

748

250-499

72,507

23,297

49,211

67,969

20,032

47,937

4,539

3,265

1,274

500-999

95,510

39,036

56,475

84,535

31,216

53,319

10,975

7,820

3,155

1,000-2,499

180,317

88,151

92,166

156,006

69,508

86,498

24,311

18,643

5,668

2,500-4,999

173,639

90,976

82,663

148,034

70,755

77,279

25,605

20,221

5,384

5,000-9,999

223,124

120,440

102,684

198,669

99,806

98,863

24,455

20,634

3,821

10,000-19,999

262,528

151,203

111,326

232,714

125,220

107,494

29,814

25,983

3,831

20,000-49,999

401,527

219,007

182,521

366,189

185,734

180,455

35,338

33,273

2,065

50,000 or more

533,344

437,269

96,075

463,461

368,396

95,065

69,883

68,872

1,011

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.
  3. Form 5500 filings reporting no participants are generally final reports filed by plans which have terminated and distributed benefits to participants.
  4. Less than $500,000.

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


Table C2: Distribution of Assets by asset size, 1994 (amounts in millions)

Amount of Assets

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

$2,298,556

$1,210,856

$1,087,700

$2,070,804

$1,010,275

$1,060,529

$227,752

$200,581

$27,171

$1-24K

524

12

512

523

12

512

1

(3)

(3)

25-49K

1,395

37

1,358

1,394

37

1,358

1

-

1

50-99K

4,368

180

4,189

4,367

179

4,187

2

(3)

1

100-249K

20,298

1,274

19,024

20,287

1,273

19,014

11

1

10

250-499K

39,824

3,000

36,824

39,798

2,986

36,812

27

15

12

500-999K

64,512

7,028

57,484

64,421

7,010

57,411

91

18

72

1-2.4M

100,918

13,800

87,118

100,414

13,618

86,796

503

182

322

2.5-4.9M

78,262

13,115

65,147

76,932

12,565

64,368

1,329

551

779

5-9.9M

80,913

19,565

61,347

77,643

17,743

59,900

3,270

1,823

1,447

10-24.9M

119,417

45,190

74,227

109,753

38,620

71,134

9,663

6,570

3,093

25-49.9M

112,428

49,028

63,400

98,847

39,574

59,273

13,581

9,455

4,127

50-74.9M

74,484

37,875

36,609

62,898

28,921

33,977

11,586

8,954

2,632

75-99.9M

56,662

27,548

29,114

49,048

21,564

27,484

7,614

5,984

1,630

100-149.9M

91,979

48,320

43,658

76,934

35,929

41,005

15,045

12,392

2,653

150-199.9M

67,419

37,504

29,915

57,618

29,036

28,582

9,801

8,468

1,333

200-249.9M

55,610

29,740

25,870

43,419

19,172

24,248

12,191

10,569

1,622

250-499.9M

202,568

113,883

88,684

179,139

93,913

85,226

23,429

19,970

3,459

500-999.9M

229,484

140,537

88,947

195,601

109,350

86,251

33,883

31,187

2,696

1-2.49B

322,368

186,306

136,062

287,200

152,419

134,782

35,168

33,887

1,281

2.5B or more

575,124

436,913

138,211

524,567

386,357

138,211

50,557

50,557

-

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.
  3. Less than $500,000.

Note: The letters K, M, and B denote thousands, millions, and billions, respectively.

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


Table C3: Distribution of Assets by industry, 1994 (amounts in millions)

Industry

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

Total

$2,298,556

$1,210,856

$1,087,700

$2,070,804

$1,010,275

$1,060,529

$227,752

$200,581

$27,171

Agriculture

7,793

2,767

5,026

7,577

2,567

5,010

216

200

16

Mining

29,478

15,530

13,948

23,650

9,793

13,857

5,828

5,737

91

Construction

142,079

97,979

44,100

30,316

5,150

25,166

111,763

92,829

18,934

Manufacturing

972,537

552,994

419,544

956,665

538,675

417,990

15,873

14,319

1,554

Transportation

105,085

75,104

29,982

58,825

32,001

26,824

46,261

43,103

3,158

Communications and utilities

278,775

197,665

81,111

277,122

196,053

81,068

1,654

1,611

43

Wholesale trade

61,587

15,930

45,657

58,760

13,203

45,557

2,827

2,727

100

Retail trade

101,912

34,532

67,380

85,741

18,637

67,104

16,171

15,895

276

Finance, insurance & real estate

237,407

108,235

129,172

237,127

107,962

129,165

280

273

7

Services

321,225

84,986

236,239

294,451

61,141

233,310

26,774

23,845

2,929

Tax-exempt organizations

39,750

24,951

14,799

39,750

24,951

14,799

-

-

-

Industry not reported

926

184

742

820

142

678

106

42

64

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

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


Table C4: Balance Sheet of Pension Plans with 100 or More Participants by type of plan, 1994 (amounts in millions)

Type of Asset or Liability

Total

Defined Benefit

Defined Contribution

Assets

Receivables

Employer contributions

$20,534

$9,546

$10,988

Participant contributions

1,569

99

1,469

Income receivables

4,516

2,811

1,705

Other receivables

10,748

7,302

3,446

Less allowance for doubtful accounts

58

49

8

Total receivables (net)

37,309

19,710

17,600

General Investments

Interest-bearing cash

49,920

21,826

28,094

Certificates of deposit

4,882

1,748

3,134

U.S. Government securities

133,728

102,119

31,609

Corporate debt instruments: Preferred

30,905

21,993

8,912

Corporate debt instruments: All other

46,870

34,464

12,406

Preferred stock

10,617

2,298

8,319

Common stock

254,497

181,749

72,748

Partnership/joint venture interests

8,940

8,205

735

Income-producing real estate

6,612

5,879

732

Nonincome-producing real estate

569

467

102

Residential loans (other than to participants)

1,229

854

375

Commercial loans secured by mortgages

3,587

3,149

438

Mortgage loans to participants

602

79

523

Other loans to participants

14,393

50

14,343

Other loans

1,670

1,391

280

Value of interest in common/collective trusts

133,598

70,281

63,318

Value of interest in pooled separate accounts

56,482

31,809

24,672

Value of interest in master trusts

749,659

578,430

171,229

Value of interest in 103-12 investment entities

2,956

1,745

1,210

Value of interest in registered investment companies

133,310

26,396

106,914

Value of funds held in insurance company general account

122,764

33,453

89,312

Other or unspecified general investments

62,570

24,736

37,834

Total general investments

1,830,360

1,153,122

677,238

Employer securities

148,978

11,164

137,813

Employer real property

610

80

530

Unspecified investments

482

87

395

Total noninterest-bearing cash

2,023

1,078

945

Buildings and other property used in plan operations

238

230

8

Total Assets

2,020,001

1,185,471

834,529

Liabilities

Benefit claims payable

5,219

961

4,258

Operating payables

7,636

5,439

2,197

Acquisition indebtedness

16,667

466

16,202

Other liabilities

24,625

8,907

15,718

Total Liabilities

54,147

15,772

38,375

Net Assets

1,965,854

1,169,699

796,154

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.


Table C5: Balance Sheet of Single Employer Pension Plans with 100 or More Participants by type of plan, 1994(1) (amounts in millions)

Type of Asset or Liability

Total

Defined Benefit

Defined Contribution

Assets

Receivables

Employer contributions

$19,425

$8,647

$10,778

Participant contributions

1,554

97

1,457

Income receivables

3,269

1,733

1,535

Other receivables

9,614

6,305

3,309

Less allowance for doubtful accounts

7

3

4

Total receivables (net)

33,855

16,779

17,076

General Investments

Interest-bearing cash

40,953

14,345

26,608

Certificates of deposit

3,711

1,248

2,463

U.S. Government securities

77,258

53,636

23,623

Corporate debt instruments: Preferred

18,777

10,903

7,874

Corporate debt instruments: All other

14,922

11,225

3,697

Preferred stock

9,934

1,643

8,292

Common stock

187,367

118,224

69,142

Partnership/joint venture interests

8,205

7,482

723

Income-producing real estate

3,676

3,170

507

Nonincome-producing real estate

275

181

93

Residential loans (other than to participants)

636

341

294

Commercial loans secured by mortgages

1,395

1,066

329

Mortgage loans to participants

515

4

512

Other loans to participants

14,141

34

14,107

Other loans

313

44

270

Value of interest in common/collective trusts

112,474

50,430

62,044

Value of interest in pooled separate accounts

53,096

28,829

24,266

Value of interest in master trusts

749,055

578,017

171,038

Value of interest in 103-12 investment entities

1,779

914

865

Value of interest in registered investment companies

127,871

21,964

105,906

Value of funds held in insurance company general account

112,455

26,419

86,036

Other or unspecified general investments

69,367

27,176

42,191

Total general investments

1,608,175

957,295

650,880

Employer securities

148,367

10,557

137,810

Employer real property

607

77

530

Unspecified investments

482

87

395

Total noninterest-bearing cash

1,647

768

879

Buildings and other property used in plan operations

26

24

2

Total Assets

1,793,159

985,588

807,572

Liabilities

Benefit claims payable

5,010

861

4,149

Operating payables

7,006

4,854

2,152

Acquisition indebtedness

16,473

280

16,193

Other liabilities

22,521

6,896

15,625

Total Liabilities

51,010

12,890

38,119

Net Assets

1,742,150

972,697

769,453

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.

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.


Table C6: Balance Sheet of Multiemployer Pension Plans with 100 or More Participants by type of plan, 1994(1) (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

Footnotes
  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.


Table C7: Percent Distribution of Assets of Defined Benefit Pension Plans with 100 or More Participants by type of asset and size of plan, 1994

Type of Asset

Total

$1-.9M

$1.0M-9.9M

$10.0M-249.9M

$250.0M-999.9M

$1.0B or More

Total Assets

100

100

100

100

100

100

Cash

2

9

5

3

2

2

Receivables

2

7

3

2

2

1

U.S. Government securities

9

5

10

12

11

7

Corporate debt instruments: Preferred

2

3

2

2

2

2

Corporate debt instruments: All other

3

2

3

4

4

2

Corporate stocks

16

5

13

19

18

13

Real estate and mortgages (other than to participants)

1

(1)

(1)

1

1

1

Other loans to participants

(1)

(1)

(1)

(1)

0

0

Value of interest in common/collective trusts

6

10

11

7

6

4

Value of interest in pooled separate accounts

3

4

7

4

2

2

Value of interest in master trusts

49

20

21

35

44

58

Value of interest in registered investment companies

2

7

8

4

2

1

Value of funds held in insurance company general account

3

15

13

4

3

2

Employer securities

1

(1)

(1)

(1)

(1)

2

Other investments

3

11

5

3

3

3

Footnotes
  1. Less than one percent.

Notes: In Table heading the letters M and B denote millions and billions, respectively. Percent distributions may not add to 100 because of rounding.

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


Table C8: Percent Distribution of Assets of Defined Contribution Pension Plans with 100 or More Participants by type of asset and size of plan, 1994

Type of Asset

Total

$1-.9M

$1.0M-9.9M

$10.0M-249.9M

$250.0M-999.9M

$1.0B or More

Total Assets

100

100

100

100

100

100

Cash

4

8

7

5

3

2

Receivables

2

7

4

2

2

1

U.S. Government securities

4

3

5

5

3

2

Corporate debt instruments: Preferred

1

3

3

1

(1)

1

Corporate debt instruments: All other

1

2

2

2

1

1

Corporate stocks

10

5

8

9

10

10

Real estate and mortgages (other than to participants)

(1)

(1)

(1)

(1)

(1)

(1)

Other loans to participants

2

1

2

2

2

2

Value of interest in common/collective trusts

8

8

10

10

6

6

Value of interest in pooled separate accounts

3

14

9

3

1

1

Value of interest in master trusts

21

2

3

13

23

33

Value of interest in registered investment companies

13

18

20

19

12

4

Value of funds held in insurance company general account

11

14

13

11

10

10

Employer securities

17

3

5

12

20

23

Other investments

5

14

9

5

6

3

Footnotes
  1. Less than one percent.

Notes: In Table heading the letters M and B denote millions and billions, respectively. Percent distributions may not add to 100 because of rounding.

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


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.


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.


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

Footnotes
  1. Less than $500,000.

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


Table C12: Percent Distribution of Income of Defined Benefit Plans with 100 or More Participants by source of income and size of plan, 1994

Income and Expenses

Total

$1-.9M

$1.0M-9.9M

$10.0M-249.9M

$250.0M-999.9M

$1.0B or More

Total Income

100

100

100

100

100

100

Contributions received or receivable from:

Employers

53

85

67

58

56

47

Participants

1

1

1

1

1

1

Others

2

1

1

1

6

(1)

Total contributions

56

86

69

60

62

48

Interest earnings:

Interest-bearing cash

3

3

4

4

3

3

Certificates of deposit

(1)

(1)

(1)

(1)

(1)

(1)

U.S. Government securities

9

1

5

11

11

8

Corporate debt instruments

5

1

3

6

7

5

Mortgage loans

(1)

(1)

(1)

(1)

(1)

(1)

Other loans

(1)

(1)

(1)

(1)

(1)

(1)

Other or unspecified interest

6

5

10

7

7

4

Total interest earnings

24

11

22

28

29

20

Total dividend income

8

1

5

8

9

7

Net gain (loss) on sale of assets

(2)

(1)

3

3

(2)

(5)

Unrealized appreciation (depreciation) of assets

(8)

(3)

(9)

(10)

(13)

(3)

Net investment gain (loss) from common/collective trusts

2

1

2

2

3

1

Net investment gain (loss) from pooled separate accounts

1

(1)

2

1

(1)

1

Net investment gain (loss) from master trusts

15

(1)

2

5

10

26

Net investment gain (loss) from registered investment companies

1

1

2

2

(1)

1

Other or unspecified income

3

3

3

2

1

4

Footnotes
  1. Less than one percent.

Notes: In Table heading the letters M and B denote millions and billions, respectively. Percent distributions may not add to 100 because of rounding.

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


Table C13: Percent Distribution of Income of Defined Contribution Plans with 100 or More Participants by source of income and size of plan, 1994

Income and Expenses

Total

$1-.9M

$1.0M-9.9M

$10.0M-249.9M

$250.0M-999.9M

$1.0B or More

Total Income

100

100

100

100

100

100

Contributions received or receivable from:

Employers

30

37

36

35

28

20

Participants

40

54

44

41

40

35

Others

2

3

3

2

4

1

Total contributions

72

94

84

79

73

55

Interest earnings

Interest-bearing cash

3

1

3

3

3

2

Certificates of deposit

(1)

(1)

(1)

(1)

(1)

(1)

U.S. Government securities

1

(1)

1

2

2

1

Corporate debt instruments

1

(1)

1

1

1

1

Mortgage loans

(1)

(1)

(1)

(1)

(1)

(1)

Other loans

1

(1)

(1)

1

1

1

Other or unspecified interest

7

2

4

6

8

8

Total interest earnings

12

4

9

13

14

13

Total dividend income

7

1

3

5

8

10

Net gain (loss) on sale of assets

3

5

1

1

4

6

Unrealized appreciation (depreciation) of assets

(4)

(8)

(3)

(7)

(10)

2

Net investment gain (loss) from common/collective trusts

1

(1)

1

2

1

1

Net investment gain (loss) from pooled separate accounts

(1)

(1)

1

(1)

(1)

(1)

Net investment gain (loss) from master trusts

6

(1)

(1)

3

6

11

Net investment gain (loss) from registered investment companies

1

(1)

1

2

2

(1)

Other or unspecified income

2

3

3

2

2

2

Footnotes
  1. Less than one percent.

Notes: In Table heading the letters M and B denote millions and billions, respectively. Percent distributions may not add to 100 because of rounding.

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


Figure C. Percent of Total Assets by Type of Plan, 1994

Figure C - Percent of Total Assets by Type of Plan, 1994

Reference: Table A1.

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


Section D: Defined Contribution Plans

Table D1: Balance Sheet of Defined Contribution Plans with 100 or More Participants by type of plan, 1994 (amounts in millions)

Type of Asset or Liability

Total Defined Contribution Plans

Profit Sharing and Thrift-Savings Plans

Stock Bonus Plans

Target Benefit Plans

Money Purchase Plans

Other Defined Contribution Plans

Assets

Receivables

Employer contributions

$10,988

$8,565

$944

$33

$936

$509

Participant contributions

1,469

1,160

84

1

37

187

Income receivables

1,705

1,195

97

4

190

219

Other receivables

3,446

2,659

237

17

165

368

Less allowance for doubtful accounts

8

4

(1)

0

3

1

Total receivables (net)

17,600

13,575

1,363

54

1,325

1,283

General Investments

Interest-bearing cash

28,094

21,845

1,461

68

2,372

2,348

Certificates of deposit

3,134

2,138

96

3

639

258

U.S. Government securities

31,609

19,541

343

93

7,555

4,076

Corporate debt instruments: Preferred

8,912

7,193

40

50

1,005

623

Corporate debt instruments: All other

12,406

8,117

257

21

2,789

1,222

Preferred stock

8,319

6,877

547

2

98

795

Common stock

72,748

50,320

8,304

144

6,826

7,153

Partnership/joint venture interests

735

586

2

1

136

10

Income-producing real estate

732

299

5

(1)

221

207

Nonincome-producing real estate

102

83

3

(1)

10

6

Residential loans (other than to participants) secured by mortgages

375

247

3

(1)

113

12

Commercial loans secured by mortgages

438

246

68

(1)

46

79

Mortgage loans to participants

523

443

14

(1)

18

47

Other loans to participants

14,343

11,674

824

11

349

1,486

Other loans

280

248

1

(1)

21

9

Value of interest in common/collective trusts

63,318

52,937

1,011

116

3,085

6,169

Value of interest in pooled separate accounts

24,672

21,105

314

14

1,467

1,773

Value of interest in master trusts

171,229

135,224

11,883

590

5,090

18,443

Value of interest in 103-12 investment entities

1,210

1,011

23

0

130

46

Value of interest in registered investment companies

106,914

88,284

2,597

214

5,812

10,007

Value of funds held in insurance company general account

89,312

71,245

2,505

75

7,226

8,260

Other or unspecified general investments

37,834

29,687

1,342

25

3,039

3,742

Total general investments

677,238

529,349

31,641

1,428

48,050

66,771

Employer securities

137,813

86,428

32,057

9

836

18,484

Employer real property

530

511

18

0

(1)

1

Unspecified investments

395

243

(1)

0

151

(1)

Total noninterest-bearing cash

945

745

31

1

104

64

Buildings and other property used in plan operations

8

1

0

(1)

4

4

Total Assets

834,529

630,853

65,109

1,492

50,470

86,606

Liabilities

Benefit claims payable

4,258

2,959

547

6

274

472

Operating payables

2,197

1,147

845

1

38

166

Acquisition indebtedness

16,202

7,711

6,071

0

73

2,346

Other liabilities

15,718

8,847

3,737

7

189

2,937

Total Liabilities

38,375

20,665

11,201

13

574

5,922

Net Assets

796,154

610,188

53,909

1,479

49,895

80,684

Footnotes
  1. 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.


Table D2: Income Statement of Defined Contribution Plans with 100 or More Participants by type of plan, 1994 (amounts in millions)

Income and Expenses

Total Defined Contribution Plans

Profit Sharing and Thrift-Savings Plans

Stock Bonus Plans

Target Benefit Plans

Money Purchase Plans

Other Defined Contribution Plans

Income

Contributions received or receivable from:

Employers

$34,501

$24,112

$3,054

$121

$4,183

$3,031

Participants

45,991

38,030

2,214

13

652

5,082

Others

2,394

2,195

15

3

38

143

Noncash contributions

421

206

192

(1)

4

19

Total contributions

83,307

64,543

5,474

137

4,877

8,275

Interest earnings

Interest-bearing cash

3,100

2,328

155

4

286

328

Certificates of deposit

170

116

2

(1)

34

19

U.S. Government securities

1,658

1,076

12

4

363

204

Corporate debt instruments

1,089

749

4

3

230

103

Mortgage loans

68

48

(1)

0

14

6

Other loans

705

565

31

(1)

21

87

Other or unspecified interest

7,572

6,092

223

8

535

715

Total interest earnings

14,364

10,974

427

19

1,482

1,462

Dividends

Preferred stock

1,302

725

326

(1)

35

215

Common stock

6,489

4,569

907

7

224

782

Total dividend income

7,791

5,295

1,233

7

259

997

Rents

95

67

(1)

0

11

16

Net gain (loss) on sale of assets

3,464

2,956

343

3

146

16

Unrealized appreciation (depreciation) of assets

(4,996)

(3,525)

(1,067)

(20)

(386)

2

Net investment gain (loss) from common/collective trusts

1,295

1,098

29

(1)

67

101

Net investment gain (loss) from pooled separate accounts

535

469

(1)

(1)

37

28

Net investment gain (loss) from master trusts

6,438

5,605

(80)

48

196

669

Net investment gain (loss) from 103-12 investment entities

56

56

(1)

0

4

(4)

Net investment gain (loss) from registered investment companies

1,531

1,123

29

4

138

238

Other or unspecified income

2,185

1,678

280

6

66

155

Total Income

116,065

90,340

6,670

204

6,897

11,955

Expenses

Benefit payments and payments to provide benefits

Direct benefits

59,185

45,621

4,324

94

3,203

5,943

Payments to insurance carriers

268

113

3

3

126

24

Other benefits

816

426

267

1

38

84

Total payments

60,269

46,160

4,593

98

3,368

6,050

Interest expense

2,405

1,205

749

(1)

4

447

Administrative expenses

Salaries and allowances

49

19

2

(1)

13

13

Accounting fees

41

27

1

(1)

8

5

Actuarial fees

18

12

(1)

(1)

3

2

Contract administrator fees

138

94

4

(1)

30

10

Investment advisory and management fees

430

301

9

2

78

40

Legal fees

26

10

2

(1)

9

6

Valuation/appraisal fees

5

3

1

0

1

(1)

Trustee fees/expenses

172

134

11

(1)

13

15

Other administrative expenses

702

549

27

1

53

73

Total administrative expenses

1,583

1,149

57

4

208

165

Other or unspecified expenses

14

15

(1)

0

(1)

(1)

Total Expenses

64,271

48,529

5,399

102

3,579

6,662

Net Income

51,795

41,811

1,270

102

3,318

5,294

Footnotes
  1. Less than $500,000.

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


Table D3: Number of 401(k) Type Plans, Participants, Active Participants, Assets, Contributions, and Benefits by type of plan, 1994

Type of Plan

Number of Plans(1)

Total Participants (thousands)

Active Participants (thousands)

Total Assets (millions)

Total Contributions (millions)(2)

Total Benefits (millions)(3)

Total

174,945

27,903

25,206

$674,681

$75,878

$50,659

Profit sharing and thrift-savings

167,618

24,203

21,890

573,614

65,820

43,167

Stock bonus

239

926

816

33,334

2,791

2,501

Target benefit

42

5

5

182

30

5

Money purchase

4,165

390

369

4,621

684

339

Annuity-403(b)(1)

61

3

2

7

3

1

Custodial account-403(b)(7)

29

2

2

31

7

4

IRAs or annuities (Code 408)

126

12

11

95

15

12

Other defined contribution

2,667

2,362

2,111

62,797

6,528

4,632

Footnotes
  1. Excludes plans covering only one participant.
  2. Includes both employer and employee contributions.
  3. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.

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


Table D4: Number of 401(k) Type Plans by participant size and primary or supplemental status, 1994

Participant Size

Total

401(k) Plan is Only Plan Sponsored by Employer

Employer Sponsoring 401(k) Plan Also Sponsors Another Pension Plan(s)

Total

174,945

147,790

27,156

None or not reported

5,510

4,801

708

2-9

32,464

28,206

4,258

10-24

48,957

43,817

5,140

25-49

36,098

31,850

4,248

50-99

23,292

20,282

3,010

100-249

15,832

12,043

3,789

250-499

6,102

3,883

2,219

500-999

3,103

1,639

1,464

1,000-2,499

2,129

898

1,231

2,500-4,999

735

236

500

5,000-9,999

391

90

301

10,000-19,999

189

27

162

20,000-49,999

118

16

102

50,000 or more

24

-

24

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


Table D5: Number of Active Participants in 401(k) Type Plans by participant size and primary or supplemental status, 1994 (numbers in thousands)

Participant Size

Total

401(k) Plan is Only Plan Sponsored by Employer

Employer Sponsoring 401(k) Plan Also Sponsors Another Pension Plan(s)

Total

25,206

10,436

14,770

2-9

156

136

20

10-24

666

593

73

25-49

1,129

998

131

50-99

1,687

1,473

213

100-249

2,188

1,650

538

250-499

1,923

1,217

706

500-999

1,959

1,039

920

1,000-2,499

2,972

1,221

1,750

2,500-4,999

2,288

746

1,542

5,000-9,999

2,435

608

1,826

10,000-19,999

2,275

327

1,948

20,000-49,999

3,301

392

2,910

50,000 or more

2,227

34

2,193

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


Table D6: Balance Sheet of 401(k) Type Plans with 100 or More Participants by number of pension plans sponsored by employer, 1994 (amounts in millions)

Type of Asset or Liability

Total

401(k) Plan is Only Plan Sponsored by Employer

Employer Sponsoring 401(k) Plan Also Sponsors Another Pension Plan(s)

Assets

Receivables

Employer contributions

$5,959

$2,443

$3,516

Participant contributions

1,255

464

791

Income receivables

1,104

209

895

Other receivables

2,495

350

2,145

Less allowance for doubtful accounts

3

(1)

2

Total receivables (net)

10,811

3,466

7,346

General Investments

Interest-bearing cash

19,163

6,812

12,351

Certificates of deposit

1,778

492

1,286

U.S. Government securities

13,639

3,668

9,970

Corporate debt instruments: Preferred

5,199

1,161

4,038

Corporate debt instruments: All other

5,526

1,819

3,707

Preferred stock

1,985

226

1,759

Common stock

40,754

8,913

31,841

Partnership/joint venture interests

291

236

55

Income-producing real estate

143

106

37

Nonincome-producing real estate

40

24

16

Residential loans (other than to participants) secured by mortgages

174

42

132

Commercial loans secured by mortgages

172

87

85

Mortgage loans to participants

421

96

325

Other loans to participants

12,777

2,270

10,507

Other loans

173

66

106

Value of interest in common/collective trusts

50,925

12,605

38,320

Value of interest in pooled separate accounts

20,535

8,217

12,318

Value of interest in master trusts

138,491

8,104

130,387

Value of interest in 103-12 investment entities

699

310

389

Value of interest in registered investment companies

88,822

27,602

61,220

Value of funds held in insurance company general account

73,391

12,890

60,501

Other or unspecified general investments

25,288

7,077

18,211

Total general investments

500,385

102,824

397,561

Employer securities

95,531

5,425

90,106

Employer real property

401

324

77

Unspecified investments

91

78

13

Total noninterest-bearing cash

584

220

364

Buildings and other property used in plan operations

1

(1)

(1)

Total Assets

607,804

112,338

495,466

Liabilities

Benefit claims payable

2,619

607

2,012

Operating payables

1,452

103

1,349

Acquisition indebtedness

6,228

181

6,047

Other liabilities

11,501

310

11,191

Total Liabilities

21,800

1,201

20,599

Net Assets

586,005

111,138

474,867

Footnotes
  1. 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.


Table D7: Income Statement of 401(k) Type Plans with 100 or More Participants by number of pension plans sponsored by employer, 1994 (amounts in millions)

Income and Expenses

Total

401(k) Plan is Only Plan Sponsored by Employer

Employer Sponsoring 401(k) Plan Also Sponsors Another Pension Plan(s)

Income

Contributions received or receivable from:

Employers

$21,227

$6,270

$14,957

Participants

42,018

10,307

31,711

Others

2,053

648

1,405

Noncash contributions

189

22

167

Total contributions

65,488

17,248

48,240

Interest earnings

Interest-bearing cash

2,278

531

1,747

Certificates of deposit

93

25

69

U.S. Government securities

721

203

518

Corporate debt instruments

537

142

395

Mortgage loans

30

9

21

Other loans

616

112

504

Other or unspecified interest

5,905

901

5,004

Total interest earnings

10,180

1,921

8,259

Dividends

Preferred stock

863

60

803

Common stock

4,685

439

4,246

Total dividend income

5,548

500

5,048

Rents

44

41

4

Net gain (loss) on sale of assets

2,902

217

2,684

Unrealized appreciation (depreciation) of assets

(6,157)

(484)

(5,673)

Net investment gain (loss) from common/collective trusts

1,050

261

789

Net investment gain (loss) from pooled separate accounts

413

112

301

Net investment gain (loss) from master trusts

5,899

350

5,548

Net investment gain (loss) from 103-12 investment entities

21

15

6

Net investment gain (loss) from registered investment companies

869

441

429

Other or unspecified income

1,669

499

1,171

Total Income

87,928

21,122

66,806

Expenses

Benefit payments and payments to provide benefits

Direct benefits

43,797

8,697

35,100

Payments to insurance carriers

70

45

25

Other benefits

534

96

438

Total payments

44,401

8,838

35,563

Interest expense

1,304

20

1,284

Administrative expenses

Salaries and allowances

15

3

12

Accounting fees

22

10

12

Actuarial fees

10

5

6

Contract administrator fees

92

30

62

Investment advisory and management fees

230

104

126

Legal fees

6

3

3

Valuation/appraisal fees

2

1

1

Trustee fees/expenses

119

34

85

Other administrative expenses

353

169

184

Total administrative expenses

849

359

490

Other or unspecified expenses

2

4

(1)

Total Expenses

46,556

9,220

37,336

Net Income

41,372

11,901

29,470

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


Table D8: Percent Distribution of Assets in 401(k) Type Plans with 100 or More Participants by type of asset, 1985-1993

Type of Asset

1985

1986

1987

1988

1989

1991

1992

1993

Total

100

100

100

100

100

100

100

100

Cash

5

5

7

8

8

9

8

8

Receivables

3

3

3

3

3

3

3

3

U.S. Government securities

7

7

7

6

6

7

6

6

Corporate debt securities

6

6

6

6

5

6

4

5

Corporate stock (other than that of the plan sponsor)

23

23

21

21

22

20

20

19

Employer securities

24

19

19

17

16

16

16

16

Loans to participants

-

-

-

1

1

2

2

2

Value of funds held in insurance company general account

29

31

32

32

34

30

28

21

Value of interest in registered investment companies

2

3

3

4

4

7

12

19

Other investments and assets(1)

3

3

2

2

1

1

1

1

Footnotes
  1. Includes partnership/joint venture interests, real estate, loans (other than to participants), and miscellaneous other investments. Each year about 5 to 8 percent of Total assets are reported on the Form 5500 under other investments. An examination of a small sample of plans reporting other investments indicate that virtually all of these assets are common types of holdings such as stocks, bonds, and unallocated insurance contracts, that have been misreported. In this Table such assets have been reallocated to the appropriate categories based on the findings from the plans examined.
    - Data not available.

Notes: Excludes all ESOPs with a 401(k) type arrangement. Percent distributions may not add to 100 because of rounding.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1985-93 plan years. The distributions are tabulated from data sets created by merging the Form 5500 files with files containing financial data from pooled fund arrangements invested in by plans. In the merged data sets, the pooled fund assets reported by plans have been redistributed to the underlying asset categories. Data are not available for 1990 and 1994.


Table D9: Number of Employee Stock Ownership Plans (ESOPs), Participants, Active Participants, Assets, Contributions, and Benefits by type of plan, 1994

Type of Plan

Number of Plans(1)

Total Participants (thousands)(2)

Active Participants (thousands)

Total Assets (millions)

Total Contributions (millions)(3)

Total Benefits (millions)(4)

Total

8,736

7,403

6,571

$222,780

$15,647

$16,085

Profit sharing and thrift-savings

5,996

3,384

3,025

140,218

9,426

10,381

Stock bonus

1,758

2,863

2,548

50,408

4,035

3,729

Target benefit

3

0

0

3

0

2

Money purchase

112

39

33

771

65

34

Custodial account - 403(b)(7)

2

2

2

31

5

4

IRAs or annuities (Code 408)

54

0

0

24

1

0

Other defined contribution

812

1,114

963

31,325

2,115

1,935

Footnotes
  1. Excludes plans covering only one participant.
  2. Includes active, retired, and separated vested participants not yet in pay status. The number of participants also includes double counting of workers in more than one plan.
  3. Includes both employer and employee contributions.
  4. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.

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


Table D10: Number of Employee Stock Ownership Plans (ESOPs), Total Participants, Active Participants, Assets, Contributions, and Benefits by type of ESOP, 1994

Type of Plan

Number of Plans(1)

Total Participants (thousands)

Active Participants (thousands)

Total Assets (millions)

Total Contributions (millions)(2)

Total Benefits (millions)(3)

Total ESOPS

8,736

7,403

6,571

$222,780

$15,647

$16,085

Nonleveraged ESOPs

6,984

3,578

3,224

63,472

4,569

5,471

Leveraged ESOPs

1,753

3,824

3,346

159,308

11,078

10,614

Footnotes
  1. Excludes plans covering only one participant.
  2. Includes both employer and employee contributions.
  3. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.

Notes: A leveraged ESOP is one wherein loans are made to the ESOP in order to acquire employer stock or to refinance a prior ESOP loan with the backing of the sponsoring company's credit. The stock is placed in a suspense account and is allocated to employee accounts as the loan is paid. A nonleveraged ESOP does not acquire loans for the funding of stock allocation to employee accounts.

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


Table D11: Balance Sheet of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants by leveraged status, 1994 (amounts in millions)

Type of Asset or Liability

Total ESOPs

Nonleveraged ESOPs

Leveraged ESOPs

Assets

Receivables

Employer contributions

$2,043

$948

$1,095

Participant contributions

246

73

173

Income receivables

512

94

419

Other receivables

862

109

753

Less allowance for doubtful accounts

(1)

0

(1)

Total receivables (net)

3,664

1,224

2,440

General Investments

Interest-bearing cash

2,282

1,066

1,216

Certificates of deposit

256

35

221

U.S. Government securities

3,915

624

3,291

Corporate debt instruments: Preferred

3,737

300

3,437

Corporate debt instruments: All other

570

85

486

Preferred stock

6,801

4,952

1,850

Common stock

21,795

9,612

12,183

Partnership/joint venture interests

26

24

2

Income-producing real estate

17

16

1

Nonincome-producing real estate

5

3

2

Residential loans (other than to participants) secured by mortgages

3

3

(1)

Commercial loans secured by mortgages

70

69

1

Mortgage loans to participants

39

10

29

Other loans to participants

3,213

619

2,594

Other loans

2

1

1

Value of interest in common/collective trusts

9,671

2,551

7,120

Value of interest in pooled separate accounts

867

193

674

Value of interest in master trusts

46,129

8,232

37,896

Value of interest in 103-12 investment entities

82

82

(1)

Value of interest in registered investment companies

8,288

2,155

6,133

Value of funds held in insurance company general account

14,563

2,341

12,223

Other or unspecified general investments

4,054

1,573

2,481

Total general investments

126,386

34,544

91,841

Employer securities

86,391

22,508

63,883

Employer real property

21

4

17

Unspecified investments

(1)

(1)

(1)

Total noninterest-bearing cash

80

25

55

Buildings and other property used in plan operations

0

0

0

Total Assets

216,541

58,305

158,236

Liabilities

Benefit claims payable

1,154

565

589

Operating payables

1,786

47

1,739

Acquisition indebtedness

16,039

2,917

13,123

Other liabilities

13,563

1,094

12,469

Total Liabilities

32,543

4,622

27,920

Net Assets

183,999

53,683

130,316

Footnotes
  1. 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.


Table D12: Income Statement of Employee Stock Ownership Plans (ESOPs) with 100 or More Participants by leveraged status, 1994 (amounts in millions)

Income and Expenses

Total ESOPs

Nonleveraged ESOPs

Leveraged ESOPs

Income

Contributions received or receivable from:

Employers

$7,126

$2,177

$4,949

Participants

7,495

1,822

5,673

Others

258

49

210

Noncash contributions

269

117

151

Total contributions

15,148

4,165

10,983

Interest earnings

Interest-bearing cash

669

227

442

Certificates of deposit

16

5

11

U.S. Government securities

226

39

187

Corporate debt instruments

217

16

202

Mortgage loans

3

1

1

Other loans

182

33

149

Other or unspecified interest

820

154

666

Total interest earnings

2,133

476

1,657

Dividends

Preferred stock

1,023

95

928

Common stock

2,841

890

1,951

Total dividend income

3,863

985

2,879

Rents

(2)

(2)

(1)

Net gain (loss) on sale of assets

1,444

146

1,298

Unrealized appreciation (depreciation) of assets

(1,091)

1,365

(2,456)

Net investment gain (loss) from common/collective trusts

292

11

281

Net investment gain (loss) from pooled separate accounts

8

3

5

Net investment gain (loss) from master trusts

1,569

(86)

1,655

Net investment gain (loss) from 103-12 investment entities

(1)

(1)

0

Net investment gain (loss) from registered investment companies

296

42

253

Other or unspecified income

793

64

729

Total Income

24,454

7,169

17,285

Expenses

Benefit payments and payments to provide benefits

Direct benefits

15,020

4,908

10,112

Payments to insurance carriers

3

2

1

Other benefits

462

114

348

Total payments

15,486

5,024

10,461

Interest expense

2,363

310

2,053

Administrative expenses

Salaries and allowances

5

1

4

Accounting fees

3

1

2

Actuarial fees

1

(1)

(1)

Contract administrator fees

14

4

11

Investment advisory and management fees

25

9

16

Legal fees

3

1

2

Valuation/appraisal fees

1

1

1

Trustee fees/expenses

31

9

23

Other administrative expenses

114

17

98

Total administrative expenses

198

42

156

Other or unspecified expenses

6

6

(1)

Total Expenses

18,052

5,383

12,669

Net Income

6,402

1,786

4,616

Footnotes
  1. Less than $500,000

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


Table D13: Number of Employee Stock Ownership Plans (ESOPs) by participant size and primary or supplemental status, 1994

Participant Size

Total

ESOP Plan is Only Plan Sponsored by Employer

Employer Sponsoring ESOP Plan Also Sponsors Another Pension Plan(s)

Total

8,736

5,448

3,288

None or not reported

466

297

169

2-9

809

704

105

10-24

1,228

894

335

25-49

1,809

1,367

442

50-99

1,449

1,094

355

100-249

1,365

711

654

250-499

565

173

392

500-999

351

90

261

1,000-2,499

325

78

248

2,500-4,999

129

23

105

5,000-9,999

106

8

98

10,000-19,999

56

4

52

20,000-49,999

59

3

56

50,000 or more

20

2

18

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


Figure D. Number of 401(k) Plans 1984-1994

Figure D - Number of 401(k) Plans 1984-1994

Reference: Table E23.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1984-1994 plan years.


Section E: Historical Tables

Table E1: Number of Pension Plans by type of plan, 1975-1994

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

311,094

103,346

207,748

308,651

101,214

207,437

2,443

2,132

311

1976

359,980

113,970

246,010

357,521

111,859

245,662

2,459

2,111

348

1977

402,627

121,655

280,972

400,134

119,525

280,609

2,493

2,130

363

1978

442,998

128,407

314,591

440,443

126,238

314,205

2,555

2,169

386

1979

470,921

139,489

331,432

468,265

137,243

331,022

2,656

2,246

410

1980

488,901

148,096

340,805

486,142

145,764

340,378

2,759

2,332

427

1981

545,611

167,293

378,318

542,789

165,042

377,747

2,822

2,252

570

1982

594,456

174,998

419,458

591,417

172,662

418,755

3,039

2,336

703

1983

602,848

175,143

427,705

599,822

172,843

426,979

3,026

2,300

726

1984

604,434

168,015

436,419

601,413

165,732

435,681

3,021

2,283

738

1985

632,135

170,172

461,963

629,069

167,911

461,158

3,066

2,261

805

1986

717,627

172,642

544,985

714,563

170,431

544,132

3,063

2,210

853

1987

733,029

163,065

569,964

729,909

160,904

569,005

3,112

2,157

955

1988

729,922

145,952

583,971

726,648

143,833

582,815

3,275

2,119

1,156

1989

731,356

132,467

598,889

728,276

130,472

597,804

3,080

1,995

1,085

1990

712,308

113,062

599,245

709,404

111,251

598,153

2,904

1,812

1,092

1991

699,294

101,752

597,542

696,300

99,931

596,369

2,994

1,821

1,173

1992

708,335

88,621

619,714

705,226

86,797

618,429

3,109

1,824

1,285

1993

702,097

83,596

618,501

698,918

81,737

617,180

3,179

1,859

1,320

1994

690,344

74,422

615,922

687,158

72,555

614,603

3,186

1,867

1,319

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E2: Number of Pension Plans with Fewer Than 100 Participants by type of plan, 1975-1994

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

282,472

83,311

199,161

282,285

83,198

199,087

187

113

74

1976

329,855

93,410

236,445

329,615

93,244

236,371

240

166

74

1977

372,010

101,258

270,752

371,719

101,038

270,681

291

220

71

1978

408,665

105,474

303,191

408,401

105,323

303,078

265

151

113

1979

435,334

116,143

319,191

435,053

115,954

319,099

281

189

92

1980

451,046

123,591

327,455

450,740

123,340

327,400

306

251

55

1981

505,368

142,304

363,064

505,109

142,165

362,944

259

139

120

1982

552,258

149,600

402,658

551,899

149,391

402,508

359

309

150

1983

558,146

149,164

408,982

557,847

148,955

408,892

299

209

90

1984

558,943

142,912

416,031

558,649

142,699

415,950

293

213

81

1985

583,476

145,430

438,046

583,171

145,292

437,879

305

138

167

1986

666,669

148,168

518,501

666,424

148,005

518,419

245

163

82

1987

681,238

139,644

541,594

680,921

139,472

541,449

310

169

141

1988

675,525

123,146

552,378

675,117

122,962

552,154

408

184

224

1989

675,706

111,048

564,658

675,470

110,941

564,529

236

107

129

1990

659,144

93,821

565,323

658,848

93,730

565,118

296

91

205

1991

645,517

83,298

562,218

645,182

83,181

562,001

334

117

217

1992

650,282

69,883

580,399

649,924

69,778

580,146

358

104

253

1993

642,615

64,937

577,678

642,196

64,799

577,396

419

137

282

1994

628,707

56,322

572,385

628,307

56,134

572,173

399

188

212

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E3: Number of Pension Plans with 100 or More Participants by type of plan, 1975-1994

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

28,622

20,035

8,587

26,366

18,016

8,350

2,256

2,019

237

1976

30,125

20,560

9,565

27,906

18,615

9,291

2,219

1,945

274

1977

30,617

20,397

10,220

28,415

18,487

9,928

2,202

1,910

292

1978

34,333

22,933

11,400

32,042

20,915

11,127

2,290

2,018

273

1979

35,587

23,346

12,241

33,212

21,289

11,923

2,375

2,057

318

1980

37,855

24,505

13,350

35,402

22,424

12,978

2,453

2,081

372

1981

40,243

24,989

15,254

37,680

22,877

14,803

2,563

2,113

450

1982

42,198

25,398

16,800

39,518

23,271

16,247

2,680

2,127

553

1983

44,702

25,979

18,723

41,975

23,888

18,087

2,727

2,091

636

1984

45,491

25,103

20,388

42,763

23,033

19,731

2,728

2,070

657

1985

48,658

24,742

23,917

45,897

22,619

23,279

2,761

2,123

638

1986

50,958

24,474

26,484

48,139

22,426

25,713

2,818

2,047

771

1987

51,791

23,421

28,370

48,988

21,432

27,556

2,802

1,988

814

1988

54,397

22,805

31,593

51,530

20,870

30,661

2,867

1,935

932

1989

55,650

21,419

34,231

52,807

19,531

33,275

2,844

1,888

956

1990

53,164

19,242

33,922

50,556

17,521

33,035

2,608

1,721

887

1991

53,777

18,454

35,324

51,118

16,750

34,368

2,660

1,704

956

1992

58,053

18,738

39,315

55,302

17,019

38,283

2,751

1,719

1,032

1993

59,482

18,660

40,822

56,722

16,938

39,784

2,760

1,722

1,038

1994

61,638

18,100

43,538

58,851

16,421

42,430

2,787

1,679

1,108

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E4: Estimated Private Wage and Salary Worker Participation Rates Under Primary and Supplemental Pension Plans 1975-1994(1)(workers in thousands)

Year

Number of Wage and Salary Workers

Workers Covered by a Defined Benefit Plan
Number

Workers Covered by a Defined Benefit Plan
Percent

Workers Covered by a Primary Defined Contribution Plan
Number

Workers Covered by a Primary Defined Contribution Plan
Percent

Workers Covered by a Supplemental Defined Contribution Plan(s)
Number

Workers Covered by a Supplemental Defined Contribution Plan(s)
Percent

1975

68,104

26,817

39

3,921

6

5,948

9

1976

71,117

27,119

38

4,591

6

6,993

10

1977

73,254

27,655

38

5,141

7

7,623

10

1978

75,939

28,613

38

5,424

7

8,258

11

1979

78,058

29,008

37

5,790

7

9,368

12

1980

78,349

29,736

38

6,203

8

10,134

13

1981

80,282

29,687

37

7,224

9

10,629

13

1982

82,318

29,361

36

8,120

10

12,087

15

1983

84,410

29,576

35

9,395

11

14,191

17

1984

86,732

29,812

34

9,902

11

15,303

18

1985

88,293

28,894

33

11,550

13

16,018

18

1986

90,267

28,536

32

12,672

14

16,188

18

1987

91,559

28,347

31

13,437

15

16,110

18

1988

93,012

27,864

30

14,106

15

15,180

16

1989

94,448

27,240

29

15,485

16

15,242

16

1990

94,772

26,323

28

16,116

17

15,671

17

1991

94,959

25,701

27

17,133

18

15,287

16

1992

96,577

25,318

26

19,474

20

16,300

17

1993

97,749

25,091

26

19,780

20

16,621

17

1994

101,077

24,590

24

20,948

21

16,516

16

Footnotes
  1. For workers covered under both a defined benefit and a defined contribution plan, the defined benefit plan is designated as the primary plan unless the plan name indicates benefits are supplemental or limited to past service benefits.

SOURCES: Number of workers taken from Employment and Earnings, Bureau of Labor Statistics, U.S. Department of Labor. These numbers include both employed (full and part-time) and unemployed wage and salary workers. The number of workers in primary and supplemental plans are estimates derived from annual Form 5500 reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E5: Number of Participants in Pension Plans by type of plan, 1975-1994 (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

44,511

33,004

11,507

35,724

24,514

11,210

8,787

8,490

297

1976

47,679

34,207

13,472

39,072

25,927

13,145

8,607

8,280

327

1977

50,236

34,997

15,239

41,637

26,754

14,884

8,598

8,243

355

1978

52,371

36,103

16,268

43,665

27,762

15,903

8,707

8,341

365

1979

55,097

36,810

18,287

46,085

28,275

17,810

9,013

8,536

477

1980

57,903

37,979

19,924

48,910

29,555

19,354

8,993

8,423

570

1981

60,564

38,903

21,661

51,326

30,331

20,995

9,238

8,572

666

1982

63,243

38,633

24,610

54,105

30,289

23,816

9,138

8,343

794

1983

69,147

40,025

29,122

59,645

31,405

28,240

9,501

8,620

881

1984

73,895

40,980

32,915

64,244

32,329

31,915

9,651

8,651

1,000

1985

74,665

39,692

34,973

65,414

31,436

33,978

9,251

8,256

995

1986

76,672

39,989

36,682

67,069

31,676

35,392

9,603

8,313

1,290

1987

78,223

39,958

38,265

68,550

31,650

36,900

9,673

8,308

1,365

1988

77,685

40,722

36,963

67,734

32,386

35,348

9,951

8,336

1,615

1989

76,405

39,958

36,447

65,964

31,248

34,716

10,441

8,710

1,731

1990

76,924

38,832

38,091

67,003

30,522

36,481

9,921

8,311

1,611

1991

77,662

39,027

38,634

67,583

30,683

36,900

10,079

8,344

1,735

1992

81,914

39,531

42,383

71,783

31,395

40,388

10,131

8,136

1,995

1993

83,870

40,267

43,603

73,770

32,151

41,619

10,100

8,116

1,983

1994

85,117

40,338

44,778

74,940

32,197

42,743

10,177

8,142

2,035

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E6: Number of Participants in Pension Plans With Fewer Than 100 Participants by type of plan, 1975-1994 (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

4,080

1,552

2,528

4,066

1,543

2,524

14

9

4

1976

4,660

1,795

2,865

4,648

1,787

2,861

12

8

4

1977

5,116

1,993

3,124

5,104

1,985

3,120

12

8

4

1978

5,143

1,828

3,316

5,127

1,820

3,307

16

7

9

1979

5,389

1,802

3,587

5,372

1,792

3,580

17

10

7

1980

5,741

1,995

3,746

5,725

1,980

3,744

17

15

2

1981

6,298

2,154

4,143

6,283

2,148

4,135

15

6

9

1982

6,877

2,155

4,722

6,854

2,144

4,710

23

11

12

1983

6,872

2,154

4,718

6,855

2,144

4,711

17

10

7

1984

6,886

2,013

4,873

6,869

2,013

4,856

17

12

5

1985

7,553

2,059

5,495

7,537

2,052

5,486

16

8

9

1986

7,926

2,033

5,893

7,914

2,025

5,889

12

8

4

1987

8,413

2,008

6,405

8,400

2,000

6,400

13

8

5

1988

8,345

1,720

6,625

8,329

1,713

6,616

16

8

9

1989

8,200

1,396

6,804

8,188

1,392

6,796

12

4

8

1990

8,268

1,279

6,989

8,251

1,275

6,976

17

4

13

1991

8,441

1,226

7,215

8,424

1,218

7,206

17

8

8

1992

9,076

1,129

7,946

9,059

1,125

7,934

17

5

12

1993

9,087

1,030

8,057

9,067

1,024

8,043

20

6

14

1994

9,152

944

8,208

9,132

935

8,197

20

9

11

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E7: Number of Participants in Pension Plans With 100 or More Participants by type of plan, 1975-1994 (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

40,431

31,452

8,979

31,658

22,971

8,686

8,773

8,480

293

1976

43,019

32,412

10,607

34,424

24,140

10,284

8,595

8,272

323

1977

45,120

33,004

12,115

36,533

24,769

11,764

8,586

8,235

351

1978

47,228

34,275

12,953

38,537

25,941

12,596

8,691

8,334

357

1979

49,708

35,008

14,700

40,713

26,483

14,230

8,996

8,526

470

1980

52,162

35,984

16,178

43,185

27,575

15,610

8,977

8,408

568

1981

54,266

36,748

17,518

45,043

28,183

16,861

9,223

8,565

657

1982

56,366

36,446

19,920

47,248

28,112

19,136

9,118

8,332

785

1983

62,275

37,871

24,404

52,790

29,261

23,529

9,485

8,610

875

1984

67,009

38,967

28,042

57,375

30,316

27,059

9,634

8,640

995

1985

67,112

37,633

29,478

57,877

29,384

28,493

9,235

8,248

986

1986

68,746

37,956

30,790

59,155

29,651

29,503

9,591

8,305

1,286

1987

69,810

37,950

31,860

60,150

29,650

30,500

9,660

8,300

1,360

1988

69,340

39,002

30,338

59,404

30,673

28,732

9,935

8,326

1,606

1989

68,205

38,562

29,643

57,776

29,856

27,920

10,429

8,705

1,724

1990

68,655

37,553

31,102

58,752

29,247

29,505

9,904

8,306

1,598

1991

69,221

37,801

31,420

59,157

29,465

29,694

10,063

8,336

1,727

1992

72,838

38,402

34,436

62,724

30,270

32,454

10,114

8,132

1,982

1993

74,783

39,237

35,546

64,703

31,127

33,576

10,080

8,110

1,969

1994

75,964

39,394

36,570

65,807

31,262

34,546

10,157

8,133

2,024

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E8: Number of Active Participants in Pension Plans by type of plan, 1975-1994(1) (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(2)
Total

Single Employer Plans(2)
Defined Benefit

Single Employer Plans(2)
Defined Contribution

Multiemployer Plans(3)
Total

Multiemployer Plans(3)
Defined Benefit

Multiemployer Plans(3)
Defined Contribution

1975

38,431

27,214

11,217

31,079

20,129

10,950

7,353

7,086

267

1976

40,723

27,520

13,203

33,627

20,728

12,899

7,096

6,792

304

1977

42,659

28,058

14,600

35,681

21,414

14,267

6,977

6,644

333

1978

44,664

29,036

15,628

37,717

22,433

15,284

6,947

6,603

344

1979

46,929

29,440

17,489

39,799

22,757

17,041

7,130

6,683

447

1980

49,026

30,133

18,893

42,079

23,705

18,374

6,947

6,428

519

1981

50,826

30,082

20,743

43,821

23,701

20,120

7,005

6,381

623

1982

53,204

29,756

23,448

46,344

23,630

22,714

6,860

6,126

734

1983

57,808

29,964

27,844

50,911

23,877

27,034

6,897

6,087

810

1984

60,775

30,172

30,603

54,044

24,315

29,729

6,732

5,857

875

1985

62,268

29,024

33,244

55,778

23,465

32,313

6,491

5,559

931

1986

63,290

28,670

34,620

56,723

23,270

33,453

6,566

5,400

1,167

1987

63,392

28,432

34,959

56,846

23,170

33,676

6,546

5,262

1,284

1988

62,142

28,081

34,062

55,464

22,867

32,596

6,678

5,213

1,465

1989

61,294

27,304

33,990

54,300

21,892

32,408

6,994

5,412

1,582

1990

61,831

26,344

35,488

55,409

21,386

34,022

6,422

4,957

1,465

1991

61,517

25,747

35,771

55,048

20,833

34,215

6,469

4,914

1,555

1992

64,231

25,362

38,868

57,940

20,771

37,170

6,290

4,592

1,699

1993

64,746

25,127

39,619

58,596

20,670

37,926

6,150

4,458

1,692

1994

64,972

24,615

40,357

58,889

20,215

38,674

6,083

4,400

1,682

Footnotes
  1. Active participants include any workers currently in employment covered by a plan and who are earning or retaining credited service under a plan. Active participants also include nonvested former employees who have not yet incurred a break in service.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: The number of participants includes double counting of workers in more than one plan.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E9: Number of Active Participants in Pension Plans with Fewer than 100 Participants by type of plan, 1975-1994 (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

4,032

1,524

2,508

4,018

1,514

2,504

14

10

4

1976

4,527

1,704

2,823

4,516

1,697

2,819

12

8

4

1977

4,885

1,835

3,050

4,874

1,828

3,046

11

7

4

1978

4,934

1,675

3,259

4,918

1,668

3,250

16

7

9

1979

5,103

1,641

3,462

5,087

1,632

3,455

16

8

7

1980

5,406

1,828

3,578

5,392

1,816

3,576

14

12

2

1981

5,996

1,957

4,039

5,982

1,952

4,031

14

5

8

1982

6,463

1,974

4,489

6,447

1,966

4,481

16

8

8

1983

6,381

1,861

4,520

6,365

1,852

4,513

15

9

6

1984

6,591

1,841

4,750

6,576

1,831

4,745

16

11

5

1985

7,227

1,880

5,348

7,213

1,874

5,340

14

6

8

1986

7,583

1,849

5,734

7,573

1,843

5,731

10

7

3

1987

7,793

1,672

6,121

7,778

1,666

6,113

15

6

8

1988

7,715

1,525

6,189

7,699

1,519

6,180

16

6

10

1989

8,033

1,301

6,731

8,022

1,297

6,725

11

4

7

1990

7,944

1,162

6,783

7,928

1,158

6,770

16

4

13

1991

8,183

1,114

7,069

8,167

1,107

7,061

16

7

9

1992

7,707

1,022

7,685

8,692

1,019

7,673

15

4

12

1993

8,727

935

7,792

8,709

930

7,779

18

5

13

1994

8,790

856

7,935

8,771

847

7,924

19

9

10

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: The number of participants includes double counting of workers in more than one plan.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E10: Number of Active Participants in Pension Plans with 100 or More Participants by type of plan, 1975-1994 (numbers in thousands)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

34,399

25,691

8,709

27,061

18,615

8,446

7,338

7,076

263

1976

36,195

25,815

10,380

29,111

19,031

10,080

7,084

6,784

300

1977

37,774

26,223

11,551

30,807

19,586

11,221

6,966

6,637

329

1978

39,730

27,361

12,369

32,798

20,765

12,033

6,931

6,596

335

1979

41,826

27,779

14,027

34,712

21,125

13,586

7,115

6,675

440

1980

43,620

28,305

15,315

36,687

21,889

14,798

6,933

6,416

517

1981

44,830

28,125

16,704

37,839

21,749

16,090

6,991

6,376

615

1982

46,741

27,782

18,959

39,897

21,664

18,233

6,844

6,118

726

1983

51,428

28,104

23,324

44,546

22,025

22,520

6,882

6,078

804

1984

54,184

28,331

25,853

47,468

22,484

24,984

6,716

5,846

870

1985

55,041

27,145

27,896

48,564

21,591

26,973

6,476

5,553

923

1986

55,706

26,820

28,886

49,150

21,427

27,723

6,556

5,393

1,163

1987

55,599

26,760

28,838

49,067

21,504

27,563

6,531

5,256

1,275

1988

54,428

26,555

27,872

47,765

21,348

26,417

6,663

5,207

1,456

1989

53,262

26,004

27,258

46,278

20,595

25,683

6,983

5,409

1,574

1990

53,887

25,182

28,705

47,481

20,228

27,252

6,406

4,954

1,453

1991

53,334

24,633

28,701

46,881

19,726

27,155

6,453

4,907

1,546

1992

55,224

24,340

31,184

49,249

19,752

29,497

6,275

4,588

1,687

1993

56,019

24,192

31,827

49,887

19,739

30,148

6,132

4,453

1,679

1994

56,181

23,759

32,422

50,118

19,368

30,750

6,064

4,392

1,672

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: The number of participants includes double counting of workers in more than one plan.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E11: Pension Plan Assets by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$259,963

$185,950

$74,013

$237,308

$163,984

$73,323

$22,655

$21,966

$687

1976

298,440

216,283

82,157

271,583

190,389

81,194

26,857

25,894

963

1977

325,074

233,609

91,465

295,179

204,781

90,399

29,895

28,829

1,066

1978

377,195

272,684

104,511

343,183

239,884

103,299

34,012

32,800

1,211

1979

445,430

319,595

125,835

404,724

280,326

124,398

40,706

39,269

1,437

1980

563,551

401,455

162,096

514,583

353,967

160,616

48,968

47,488

1,480

1981

628,916

444,376

184,540

572,101

389,846

182,615

56,814

54,890

1,924

1982

788,987

553,419

235,567

716,281

483,536

232,744

72,706

69,883

2,823

1983

923,470

642,359

281,111

843,693

566,369

277,323

79,777

75,990

3,788

1984

1,044,592

700,669

343,922

947,373

608,703

338,670

97,212

91,966

5,246

1985

1,252,739

826,117

426,622

1,136,417

716,107

420,310

116,322

110,010

6,312

1986

1,382,910

895,073

487,837

1,251,034

772,205

478,830

131,876

122,868

9,008

1987

1,402,488

877,269

525,219

1,266,694

751,475

515,219

135,794

125,794

10,000

1988

1,503,635

911,982

591,653

1,351,845

772,381

579,464

151,790

139,601

12,189

1989

1,675,597

987,971

687,626

1,505,319

832,148

673,171

170,278

155,822

14,455

1990

1,674,139

961,904

712,236

1,496,300

798,167

698,133

177,839

163,737

14,102

1991

1,936,271

1,101,987

834,284

1,743,190

926,424

816,766

193,080

175,562

17,518

1992

2,094,087

1,146,798

947,289

1,879,033

955,621

923,412

215,053

191,177

23,877

1993

2,316,272

1,248,180

1,068,092

2,091,468

1,049,915

1,041,553

224,804

198,265

26,540

1994

2,298,556

1,210,856

1,087,700

2,070,804

1,010,275

1,060,529

227,752

200,581

27,171

Footnotes
  1. Asset amounts shown exclude funds held by life insurance companies under allocated group insurance contracts for payment of retirement benefits. These excluded funds make up roughly 10 to l5 percent of Total private pension plan assets.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E12: Pension Plan Assets of Plans with Fewer than 100 Participants by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$32,308

$8,781

$23,527

$32,272

$8,747

$23,524

$37

$34

$2

1976

35,369

10,329

25,039

35,233

10,223

25,010

136

107

29

1977

42,953

12,459

30,494

42,828

12,368

30,463

124

92

32

1978

52,023

15,661

36,362

51,727

15,471

36,255

297

190

106

1979

64,021

19,498

44,523

63,725

19,271

44,453

296

227

69

1980

86,785

31,498

55,287

86,101

30,872

55,229

684

626

58

1981

104,006

38,792

65,214

103,220

38,081

65,139

785

711

74

1982

129,263

46,971

82,292

128,895

46,649

82,246

369

323

46

1983

155,214

60,594

94,620

154,626

60,064

94,562

588

530

58

1984

176,847

62,904

113,943

176,103

62,231

113,873

743

673

70

1985

211,665

67,745

143,920

210,666

66,878

143,789

999

867

132

1986

232,718

66,276

166,442

231,481

65,132

166,350

1,237

1,143

93

1987

228,244

65,232

163,012

227,048

64,277

162,771

1,196

955

241

1988

240,867

54,652

186,215

239,393

53,389

186,004

1,474

1,263

211

1989

236,459

44,570

191,889

236,016

44,243

191,773

443

327

116

1990

242,068

44,192

197,876

241,224

43,599

197,624

844

592

252

1991

264,329

40,161

224,168

263,967

40,033

223,934

362

128

234

1992

261,359

30,396

230,963

260,922

30,199

230,723

437

197

239

1993

291,912

33,166

258,746

291,238

32,770

258,468

675

396

278

1994

278,555

25,384

253,171

277,644

24,687

252,958

911

698

213

Footnotes
  1. Asset amounts shown exclude funds held by life insurance companies under allocated group insurance contracts for payment of retirement benefits. These excluded funds make up roughly 10 to l5 percent of Total private pension plan assets.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E13: Pension Plan Assets of Plans with 100 or More Participants by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$227,655

$177,169

$50,486

$205,036

$155,237

$49,799

$22,619

$21,932

$687

1976

263,071

205,954

57,118

236,350

180,166

56,184

26,721

25,787

934

1977

282,121

221,150

60,971

252,350

192,413

59,936

29,771

28,737

1,034

1978

325,172

257,023

68,149

291,456

224,413

67,044

33,715

32,610

1,105

1979

381,409

300,097

81,312

340,999

261,055

79,945

40,410

39,042

1,368

1980

476,766

369,957

106,809

428,482

323,095

105,387

48,284

46,862

1,422

1981

524,910

405,584

119,326

468,881

351,405

117,476

56,029

54,179

1,850

1982

659,724

506,448

153,276

587,386

436,887

150,499

72,337

69,560

2,777

1983

768,256

581,765

186,491

689,066

506,305

182,761

79,190

75,460

3,730

1984

867,745

637,765

229,979

771,270

546,472

224,797

96,469

91,293

5,176

1985

1,041,074

758,372

282,702

925,751

649,229

276,521

115,523

109,143

6,180

1986

1,150,192

828,797

321,395

1,019,553

707,073

312,480

130,639

121,725

8,915

1987

1,174,244

812,037

362,207

1,039,646

687,198

352,448

134,598

124,839

9,759

1988

1,262,768

857,330

405,438

1,112,452

718,992

393,460

150,316

138,338

11,978

1989

1,439,138

943,401

495,737

1,269,303

787,905

481,398

169,835

155,496

14,339

1990

1,432,072

917,712

514,360

1,255,076

754,567

500,509

176,995

163,145

13,851

1991

1,671,942

1,061,826

610,116

1,479,224

886,391

592,832

192,718

175,434

17,284

1992

1,832,728

1,116,401

716,326

1,618,111

925,422

692,689

214,617

190,979

23,637

1993

2,024,360

1,215,014

809,346

1,800,230

1,017,145

783,085

224,130

197,869

26,261

1994

2,020,001

1,185,471

834,529

1,793,159

985,588

807,572

226,841

199,884

26,958

Footnotes
  1. Asset amounts shown exclude funds held by life insurance companies under allocated group insurance contracts for payment of retirement benefits. These excluded funds make up roughly 10 to l5 percent of Total private pension plan assets.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E14: Pension Plan Contributions by type of plan, 1975-1994 (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$37,061

$24,242

$12,819

$32,970

$20,268

$12,207

$4,091

$3,974

$117

1976

42,780

28,540

14,240

38,161

24,073

14,088

4,619

4,467

152

1977

47,061

31,197

15,864

41,931

26,229

15,702

5,130

4,968

162

1978

55,943

37,591

18,353

49,793

31,602

18,191

6,151

5,989

162

1979

61,279

40,585

20,694

54,217

33,738

20,479

7,061

6,847

214

1980

66,157

42,626

23,531

58,718

35,524

23,194

7,439

7,102

337

1981

75,374

46,985

28,389

67,191

39,187

28,004

8,183

7,798

385

1982

79,502

48,438

31,064

71,320

40,807

30,513

8,182

7,631

551

1983

82,447

46,313

36,134

74,022

38,677

35,345

8,425

7,636

789

1984

90,625

47,197

43,428

81,553

38,990

42,563

9,072

8,207

865

1985

95,188

41,996

53,192

85,927

33,794

52,133

9,261

8,202

1,059

1986

91,503

33,161

58,342

82,190

25,142

57,049

9,313

8,020

1,293

1987

92,070

29,793

62,277

82,834

21,993

60,841

9,235

7,800

1,436

1988

91,248

26,300

64,948

81,612

18,352

63,261

9,636

7,948

1,688

1989

97,920

24,723

73,197

88,049

16,684

71,365

9,871

8,039

1,832

1990

98,792

23,026

75,766

89,834

15,709

74,125

8,958

7,317

1,641

1991

111,124

30,146

80,978

102,224

22,952

79,272

8,899

7,194

1,705

1992

128,795

35,174

93,621

119,682

27,964

91,718

9,114

7,210

1,904

1993

153,642

52,123

101,519

143,944

44,521

99,423

9,698

7,602

2,096

1994

144,353

39,031

105,322

133,844

30,829

103,015

10,509

8,203

2,307

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: Includes both employer and employee contributions.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E15: Pension Plan Contributions to Plans with Fewer Than 100 Participants by type of plan, 1975-1994 (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$6,504

$1,775

$4,729

$6,502

$1,733

$4,728

$3

$2

$1

1976

7,156

2,295

4,861

7,136

2,278

4,858

20

17

3

1977

8,236

2,616

5,620

8,213

2,598

5,615

22

18

5

1978

9,644

3,303

6,342

9,602

3,271

6,330

43

31

12

1979

11,542

4,323

7,219

11,495

4,290

7,205

46

33

13

1980

13,545

5,870

7,675

13,490

5,830

7,660

55

40

15

1981

16,406

7,163

9,242

16,304

7,079

9,225

101

84

17

1982

16,094

7,672

9,422

16,047

7,641

9,406

47

31

16

1983

17,357

7,593

9,764

17,288

7,537

9,751

69

56

13

1984

18,561

7,850

10,712

18,487

7,788

10,700

74

62

12

1985

21,575

7,404

14,171

21,489

7,339

14,150

86

65

21

1986

21,543

5,659

15,884

21,475

5,607

15,868

68

52

16

1987

19,963

4,296

15,667

19,895

4,239

15,656

67

57

11

1988

18,964

3,015

15,948

18,909

2,981

15,929

54

34

20

1989

20,995

2,763

18,232

20,961

2,742

18,219

34

21

13

1990

21,687

2,608

19,079

21,642

2,590

19,052

44

18

26

1991

21,908

2,420

19,488

21,881

2,413

19,468

27

7

21

1992

25,214

2,229

22,985

25,185

2,223

22,962

29

6

23

1993

25,959

2,451

23,508

25,904

2,418

23,486

55

33

22

1994

23,933

1,918

22,015

23,688

1,693

21,995

245

225

20

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: Includes both employer and employee contributions.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E16: Pension Plan Contributions to Plans with 100 or More Participants by type of plan, 1975-1994 (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$30,557

$22,466

$8,090

$26,468

$18,494

$7,974

$4,088

$3,972

$116

1976

35,624

26,245

9,379

31,025

21,795

9,230

4,599

4,450

149

1977

38,825

28,580

10,244

33,718

23,631

10,087

5,107

4,950

157

1978

46,299

34,288

12,010

40,191

28,331

11,861

6,108

5,958

150

1979

49,737

36,262

13,475

42,722

29,448

13,274

7,015

6,814

201

1980

52,612

36,756

15,856

45,228

29,694

15,534

7,384

7,062

322

1981

58,968

39,822

19,147

50,887

32,108

18,779

8,082

7,714

368

1982

62,408

40,766

21,642

54,273

33,166

21,108

8,135

7,600

535

1983

65,090

38,720

26,370

56,734

31,140

25,594

8,356

7,580

776

1984

72,064

39,347

32,717

63,066

31,203

31,863

8,997

8,145

853

1985

73,613

34,592

39,021

64,438

26,455

37,983

9,175

8,137

1,038

1986

69,960

27,502

42,458

60,715

19,535

41,180

9,245

7,968

1,277

1987

72,107

25,497

46,610

62,939

17,754

45,185

9,168

7,743

1,425

1988

72,286

23,285

49,000

62,703

15,371

47,332

9,582

7,914

1,668

1989

76,925

21,960

54,965

67,088

13,942

53,146

9,837

8,018

1,819

1990

77,105

20,418

56,687

68,192

13,119

55,073

8,914

7,299

1,614

1991

89,215

27,726

61,489

80,343

20,539

59,804

8,872

7,187

1,684

1992

103,581

32,945

70,636

94,497

25,741

68,756

9,084

7,204

1,880

1993

127,683

49,672

78,011

118,040

42,103

75,937

9,643

7,569

2,074

1994

120,420

37,113

83,307

110,155

29,135

81,020

10,265

7,978

2,287

Footnotes
  1. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  2. Includes multiemployer plans and multiple-employer collectively bargained plans.

Note: Includes both employer and employee contributions.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E17: Pension Plan Benefits Disbursed by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$19,065

$12,903

$6,161

$16,559

$10,457

$6,102

$2,505

$2,446

$60

1976

20,980

13,994

6,986

18,008

11,101

6,907

2,972

2,893

79

1977

22,950

15,249

7,702

19,957

12,353

7,604

2,993

2,896

98

1978

26,516

17,661

8,855

23,333

14,485

8,748

3,283

3,176

108

1979

28,680

18,688

9,991

25,272

15,386

9,886

3,408

3,302

106

1980

35,280

22,148

13,132

31,485

18,524

12,961

3,795

3,624

171

1981

44,753

27,334

17,420

40,281

22,987

17,294

4,473

4,347

125

1982

55,307

33,875

21,432

50,219

28,957

21,263

5,088

4,918

170

1983

65,333

36,976

28,357

59,547

31,507

28,040

5,786

5,469

317

1984

79,086

46,513

32,573

72,510

40,269

32,241

6,576

6,244

332

1985

101,898

54,466

47,432

94,792

47,801

46,991

7,106

6,665

441

1986

130,483

67,974

62,509

122,613

60,612

62,000

7,870

7,361

579

1987

122,254

66,241

56,013

113,834

58,345

55,489

8,420

7,896

524

1988

118,645

60,450

58,195

109,446

51,910

57,535

9,200

8,540

660

1989

132,049

66,707

65,342

121,750

57,236

64,514

10,299

9,471

828

1990

129,405

66,363

63,042

118,227

56,079

62,147

11,178

10,284

894

1991

135,552

71,503

64,048

123,986

61,081

62,904

11,566

10,422

1,144

1992

152,441

77,853

74,588

139,247

66,287

72,960

13,194

11,566

1,628

1993

156,305

79,093

77,212

142,471

66,847

75,625

13,834

12,246

1,587

1994

163,934

82,625

81,309

149,035

69,417

79,617

14,899

13,207

1,692

Footnotes
  1. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E18: Pension Plan Benefits Disbursed From Plans with Fewer than 100 Participants by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$2,147

$886

$1,261

$2,143

$882

$1,261

$4

$4

$1

1976

2,407

931

1,476

2,395

921

1,474

12

10

2

1977

2,720

1,043

1,678

2,683

1,007

1,675

38

35

2

1978

3,387

1,292

2,095

3,356

1,271

2,085

31

21

10

1979

3,614

1,442

2,171

3,586

1,420

2,166

28

23

5

1980

5,123

2,076

3,047

5,086

2,044

3,042

37

32

5

1981

6,991

2,789

4,203

6,940

2,740

4,200

52

49

2

1982

10,736

5,782

4,954

10,679

5,736

4,943

56

46

10

1983

11,649

4,213

7,436

11,580

4,149

7,431

70

65

6

1984

14,311

6,290

8,021

14,237

6,225

8,012

74

65

9

1985

22,493

8,936

13,557

22,403

8,872

13,531

90

63

26

1986

38,484

14,730

24,527

38,355

14,604

23,749

129

125

5

1987

34,584

14,796

19,788

34,425

14,665

19,760

159

131

28

1988

33,718

12,069

21,649

33,657

12,018

21,639

61

51

10

1989

37,063

12,369

24,694

36,914

12,252

24,662

149

117

32

1990

34,238

10,798

23,439

34,098

10,737

23,361

139

61

78

1991

30,601

9,489

21,112

30,532

9,448

21,083

69

41

28

1992

30,763

7,929

22,834

30,720

7,912

22,808

43

17

26

1993

29,230

6,660

22,570

29,129

6,582

22,547

100

77

23

1994

25,900

4,860

21,040

25,743

4,737

21,007

157

124

33

Footnotes
  1. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E19: Pension Plan Benefits Disbursed From Plans with 100 or More Participants by type of plan, 1975-1994(1) (amounts in millions)

Year

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer Plans(1)
Total

Single Employer Plans(1)
Defined Benefit

Single Employer Plans(1)
Defined Contribution

Multiemployer Plans(2)
Total

Multiemployer Plans(2)
Defined Benefit

Multiemployer Plans(2)
Defined Contribution

1975

$16,918

$12,017

$4,901

$14,416

$9,575

$4,841

$2,501

$2,442

$60

1976

18,573

13,063

5,510

15,613

10,180

5,433

2,960

2,883

77

1977

20,230

14,206

6,024

17,274

11,345

5,929

2,956

2,860

95

1978

23,129

16,369

6,760

19,877

13,214

6,663

3,252

3,155

97

1979

25,066

17,246

7,820

21,686

13,966

7,720

3,380

3,279

101

1980

30,157

20,072

10,085

26,399

16,480

9,919

3,758

3,592

166

1981

37,762

24,545

13,217

33,341

20,247

13,094

4,421

4,298

123

1982

44,571

28,093

16,478

39,540

23,221

16,319

5,032

4,872

160

1983

55,693

32,763

22,920

47,967

27,358

20,609

5,715

5,404

311

1984

64,775

40,223

24,552

58,273

34,044

24,229

6,502

6,179

322

1985

79,405

45,530

33,875

72,389

38,929

33,460

7,016

6,602

415

1986

91,999

53,244

38,754

84,258

46,008

38,250

7,741

7,236

504

1987

87,680

51,445

36,225

79,409

43,680

35,729

8,262

7,765

496

1988

84,926

48,381

36,546

75,787

39,892

35,896

9,139

8,489

650

1989

94,987

54,339

40,648

84,836

44,984

39,852

10,151

9,355

796

1990

95,167

55,564

39,603

84,128

45,342

38,786

11,039

10,222

816

1991

104,951

62,014

42,937

93,454

51,633

41,821

11,497

10,381

1,116

1992

121,678

69,924

51,755

108,527

58,374

50,153

13,151

11,549

1,602

1993

127,076

72,433

54,643

113,342

60,264

53,078

13,734

12,169

1,565

1994

138,034

77,764

60,269

123,291

64,681

58,611

14,742

13,084

1,659

Footnotes
  1. Amounts shown include both benefits paid directly from trust and premium payments made by plans to insurance carriers. Amounts exclude benefits made directly by insurance carriers.
  2. Includes single employer plans, plans of controlled groups of corporations, and multiple-employer noncollectively bargained plans.
  3. Includes multiemployer plans and multiple-employer collectively bargained plans.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E20: Percent Distribution of Active Participants in Plans with 100 or More Participants by vesting status, 1975-1994

Year

All Plans
Total

All Plans
Fully Vested

All Plans
Partially Vested

All Plans
Not Vested

Defined Benefit Plans
Total

Defined Benefit Plans
Fully Vested

Defined Benefit Plans
Partially Vested

Defined Benefit Plans
Not Vested

Defined Contribution Plans
Total

Defined Contribution Plans
Fully Vested

Defined Contribution Plans
Partially Vested

Defined Contribution Plans
Not Vested

1975

100

38

(1)

62

100

36

(1)

64

100

44

(1)

56

1977

100

46

12

43

100

40

6

55

100

59

24

17

1978

100

46

12

43

100

40

6

55

100

58

25

17

1979

100

46

12

42

100

40

6

54

100

58

25

17

1980

100

45

12

42

100

38

6

56

100

58

25

17

1981

100

46

13

41

100

40

6

55

100

58

25

17

1982

100

48

13

39

100

41

5

54

100

60

24

17

1983

100

53

12

35

100

43

5

52

100

65

21

14

1984

100

55

12

32

100

44

6

51

100

68

20

13

1985

100

57

12

31

100

44

5

51

100

69

19

12

1986

100

58

12

30

100

45

5

50

100

70

19

11

1987

100

58

12

30

100

46

5

49

100

69

19

12

1988

100

60

11

30

100

49

4

47

100

69

18

13

1989

100

65

9

26

100

58

2

40

100

71

14

14

1990

100

67

9

24

100

60

2

38

100

72

14

14

1991

100

67

9

24

100

61

2

37

100

71

14

15

1992

100

68

10

22

100

64

2

34

100

71

14

15

1993

100

69

10

21

100

66

2

32

100

72

14

14

1994

100

70

9

21

100

67

2

31

100

72

14

14

Footnotes
  1. The percentage of partially vested participants is not available for 1975. These participants are included in the not vested category.

Note: Data not available for 1976.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E21: Percent Distribution of Active Participants in Single Employer Plans with 100 or More Participants by vesting status, 1975-1994

Year

All Plans
Total

All Plans
Fully Vested

All Plans
Partially Vested

All Plans
Not Vested

Defined Benefit Plans
Total

Defined Benefit Plans
Fully Vested

Defined Benefit Plans
Partially Vested

Defined Benefit Plans
Not Vested

Defined Contribution Plans
Total

Defined Contribution Plans
Fully Vested

Defined Contribution Plans
Partially Vested

Defined Contribution Plans
Not Vested

1975

100

39

(1)

61

100

38

(1)

62

100

43

(1)

57

1977

100

47

12

40

100

41

5

53

100

58

24

18

1978

100

47

12

40

100

41

5

53

100

57

25

18

1979

100

48

13

39

100

41

6

53

100

58

26

17

1980

100

47

14

39

100

40

6

54

100

58

25

17

1981

100

48

14

38

100

41

5

54

100

57

26

17

1982

100

49

14

36

100

42

5

53

100

59

25

17

1983

100

54

14

33

100

43

6

51

100

64

22

14

1984

100

56

14

30

100

44

6

50

100

67

20

13

1985

100

57

14

29

100

43

6

51

100

68

20

12

1986

100

58

14

28

100

44

6

50

100

70

19

11

1987

100

58

13

28

100

46

6

49

100

68

20

12

1988

100

60

12

28

100

50

4

46

100

68

19

13

1989

100

67

10

24

100

61

2

37

100

71

15

14

1990

100

68

9

23

100

62

2

36

100

72

14

14

1991

100

68

10

22

100

65

2

33

100

70

15

15

1992

100

69

10

21

100

67

2

32

100

70

15

15

1993

100

70

10

19

100

69

2

29

100

71

15

14

1994

100

71

10

19

100

71

1

28

100

71

14

15

Footnotes
  1. The percentage of partially vested participants is not available for 1975. These participants are included in the not vested category.

Note: Data not available for 1976.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E22: Percent Distribution of Active Participants in Multiemployer Plans with 100 or More Participants by vesting status, 1975-1994

Year

All Plans
Total

All Plans
Fully Vested

All Plans
Partially Vested

All Plans
Not Vested

Defined Benefit Plans
Total

Defined Benefit Plans
Fully Vested

Defined Benefit Plans
Partially Vested

Defined Benefit Plans
Not Vested

Defined Contribution Plans
Total

Defined Contribution Plans
Fully Vested

Defined Contribution Plans
Partially Vested

Defined Contribution Plans
Not Vested

1975

100

34

(1)

66

100

31

(1)

69

100

83

(1)

17

1977

100

36

7

57

100

34

7

59

100

88

4

8

1978

100

37

7

56

100

34

7

59

100

90

4

7

1979

100

38

7

55

100

35

7

59

100

90

4

7

1980

100

35

6

59

100

32

6

63

100

78

3

19

1981

100

41

6

53

100

36

6

57

100

88

3

9

1982

100

42

4

53

100

38

4

58

100

82

3

15

1983

100

47

4

48

100

42

5

54

100

86

3

11

1984

100

48

5

47

100

42

6

52

100

87

2

12

1985

100

51

3

46

100

45

4

52

100

89

2

9

1986

100

53

3

44

100

46

3

51

100

88

2

10

1987

100

53

4

43

100

45

3

52

100

86

6

9

1988

100

55

3

42

100

46

3

52

100

89

2

8

1989

100

54

2

44

100

45

2

53

100

86

2

12

1990

100

57

2

41

100

48

3

50

100

87

2

11

1991

100

57

3

40

100

47

3

50

100

88

2

11

1992

100

59

3

37

100

50

4

46

100

84

2

14

1993

100

61

3

36

100

52

3

45

100

85

3

12

1994

100

62

3

35

100

52

3

45

100

88

3

9

Footnotes
  1. The percentage of partially vested participants is not available for 1975. These participants are included in the not vested category.

Note: Data not available for 1976.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-94 plan years.


Table E23: Number of 401(k) Type Plans, Participants, Assets, Contributions, and Benefit Payments 1984-1994

Year

Number of Plans

Active Participants
(thousands)

Assets
(millions)

Contributions
(millions)

Benefits
(millions)

1984

17,303

7,540

$91,754

$16,291

$10,617

1985

29,869

10,339

143,939

24,322

16,399

1986

37,420

11,559

182,784

29,226

22,098

1987

45,054

13,131

215,477

33,185

22,215

1988

68,121

15,203(1)

276,995

39,412

25,235

1989

83,301

17,337(1)

357,015

46,081

30,875

1990

97,614

19,548

384,854

48,998

32,028

1991

111,394

19,126

440,259

51,533

32,734

1992

139,704

22,404

552,959

64,345

43,166

1993

154,527

23,138

616,316

69,322

44,206

1994

174,945

25,206

674,681

75,878

50,659

Footnotes
  1. Includes some employees who are eligible to participate in the plan but have not elected to join.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1984-94 plan years.


Table E24: Aggregate Rates of Return Earned by Pension Plans with 100 or More Participants 1985-1994

Year(1)

Total Plans
Total

Total Plans
Defined Benefit

Total Plans
Defined Contribution

Single Employer
Total

Single Employer
Defined Benefit

Single Employer
Defined Contribution

Multiemployer
Total

Multiemployer
Defined Benefit

Multiemployer
Defined Contribution

1985

19.6%

20.1%

18.4%

20.0%

20.6%

18.5%

16.8%

17.0%

12.7%

1986

13.9

14.1

13.3

14.1

14.4

13.4

12.5

12.6

10.3

1987

4.6

4.4

4.8

4.7

4.6

4.8

3.7

3.5

6.4

1988

12.4

12.1

13.1

12.6

12.2

13.2

11.6

11.8

9.5

1989

11.2

12.1

9.4

11.9

13.2

9.7

6.0

6.4

1.8

1990

-

3.5

3.5

3.1

2.8

3.4

6.8

6.7

7.4

1991

17.5

18.8

15.1

17.8

19.6

15.2

14.9

15.2

12.0

1992

8.8

8.3

9.8

8.8

8.0

9.8

9.3

9.4

8.7

1993

10.2

10.5

9.8

10.6

11.1

9.9

7.4

7.5

6.2

1994

2.9

2.2

3.8

2.7

1.8

3.8

4.4

4.5

3.9

Geometric Mean(2)

1985-1994

10.3

10.5

10.0

10.5

10.7

10.1

9.3

9.4

7.9

1990-1994

8.5

8.5

8.3

8.5

8.5

8.3

8.6

8.7

7.6

1992-1994

7.3

7.0

7.8

7.3

6.9

7.8

7.2

7.3

6.2

Standard Deviation(3)

1985-1994

5.4

5.8

4.7

5.6

6.2

4.8

4.2

4.3

3.3

1990-1994

5.3

5.9

4.3

5.6

6.4

4.4

3.5

3.6

2.7

1992-1994

3.2

3.5

2.8

3.4

3.9

2.8

2.0

2.0

1.9

Footnotes
  1. The 1994 row, for example, represents all plan years that began in 1994. About 77 percent of these plan years began on January 1, 1994.
  2. Computed by adding one to the aggregate rate of return for each of the n years, taking the product of the sums, and taking the nth root of the product, and subtracting one.
  3. Standard deviation formula uses a denominator definition of N, not N-1.

Note: Rates of return have been derived directly from Tables C4-C11 and from similar published summary Tables for prior years. The rate of return formula is the same as that described in Chapter 12 of the 1989 DOL volume entitled "Trends in Pensions," except that the return formula used here refines the treatment of receivables. The receivable line item called "income receivables," which first appeared on the 1988 form, is not deducted from Total assets because such assets may produce investment income. Because the Form 5500 does not provide information on the timing of cash flows during the year, a time weighted rate of return cannot be derived. The formula used assumes that all cash flows occur in the middle of the plans' reporting period. The formula makes no adjustment for reporting periods other than one year, which are reported on approximately 3 percent of Form 5500 filings.


Table E25: Aggregate Investment Performance of Pension Plans with 100 or More Participants 1985-1994 (amounts in millions)

Year

Investable(1) Assets

Investment Income(2)

Appreciation
Realized

Appreciation
Unrealized

Appreciation
Total

Total DFE(3) Income

Total Return(4)

Total Rate of Return(5)

Rate of Growth of Investable Assets

1985

$852,433

$49,936

$41,170

$68,007

$109,177

$8,042

$167,155

19.6%

-

1986

1,007,303

55,572

65,830

15,924

81,754

2,922

140,248

13.9

18.2%

1987

1,118,764

58,359

49,825

(58,758)

(8,933)

1,511

50,937

4.6

11.1

1988

1,135,950

47,509

13,609

30,597

44,206

49,613

141,328

12.4

1.5

1989

1,268,455

12,484

23,197

38,963

62,160

67,305

141,949

11.2

11.7

1990

1,395,262

49,855

1,995

(16,810)

(14,815)

13,866

48,906

3.5

10.0

1991

1,411,538

49,457

15,435

73,766

89,201

108,288

246,946

17.5

1.2

1992

1,658,785

45,325

9,126

30,378

39,504

61,706

146,535

8.8

17.5

1993

1,808,728

45,340

15,142

30,099

45,241

93,800

184,381

10.2

9.0

1994

1,961,820

43,012

1,871

(10,567)

(8,696)

22,283

56,599

2.9

8.5

Geometric Mean

 

 

 

 

 

 

 

10.3

9.7

Footnotes

Figure E1. Number of Pension Plans 1975-1994

Figure E1 - Number of Pension Plans 1975-1994

Reference: Table E1.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-1994 plan years.


Figure E2. Pension Plan Active Participants 1975-1994

Figure E2 - Pension Plan Active Participants 1975-1994

Reference: Table E8.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-1994 plan years.


Figure E3. Pension Coverage of Wage and Salary Workers 1975-1994

Figure E3 - Pension Coverage of Wage and Salary Workers 1975-1994

Reference: Table E4.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-1994 plan years, and Employment and Earnings, Bureau of Labor Statistics, U.S. Department of Labor.


Figure E4. Pension Plan Assets 1975-1994

Figure E4 - Pension Plan Assets 1975-1994

Reference: Table E11.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-1994 plan years.

Note: As shown, total asset amounts exclude funds held by life insurance companies under allocated group insurance contracts. These excluded funds equal 10 to 15 percent of pension assets.


Figure E5. Pension Contributions and Benefits Disbursed 1975-1994

Figure E5 - Pension Contributions and Benefits Disbursed 1975-1994

Reference: Table E24.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1975-1994 plan years.


Figure E6. Rates of Return by type of plan, 1985-1994

Figure E6 - Rates of Return by type of plan, 1985-1994

Reference: Table E24.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1984-1994 plan years.


Figure E7. Rates of Return for Single and Multiemployer Plans 1985-1994

Figure E7 - Rates of Return for Single and Multiemployer Plans 1985-1994

Reference: Table E24.

Source: Form 5500 series reports filed with the Internal Revenue Service for 1984-1994 plan years.

  1. Average of beginning-of-year and end-of-year levels of all assets except contributions receivable and value of buildings and other property used in plan operations minus one-half of Total return.
  2. Sum of interest, dividends, rents, and (for years 1985-87) royalties.
  3. DFE means direct filing entities including common/collective trusts, pooled separate accounts, master trusts, 103-12 investment entities, and registered investment companies.
  4. Sum of investment income, Total appreciation, and Total DFE income.
  5. Total return as a percentage of average invesTable assets. See note for previous Table.