Direct Filing Entities Bulletin Tables Employee Benefits Security Administration lcoug 2019-09-24T14:58:54Z 2010-04-28T17:34:44Z 2021-01-12T15:36:19Z United States Department of Labor 16.00 English 7020 20490 0 0 False False Table 1. Number of Direct Filing Entities (DFEs), Assets, Invested Pension Plans, and Invested DFEs by type of entity, 2018 Type of Direct Filing Entity Number of Entities Total Assets (millions) 1 Number of Invested Private Pension Plans 2 Number of Invested DFEs 3 Total 9275 5964005 Common/Collective Trust 4398 2875456 27918 3487 Master Trust Investment Account 1397 2273138 2306 49 Pooled Separate Account 2946 302482 17355 869 103-12 Investment Entity 534 512930 815 242 NOTES: Number of Invested Private Pension Plans and Number of Invested DFEs are based on the Form 5500s of the investing entities and are not dependent on matching plans or DFEs to DFEs in which they invest. This table does not account for plans or DFEs who are invested through an intermediate DFE. Counts do not reflect the number of DFEs of a given type in which a plan or DFE invests. In other words, plans or DFEs that invest in more than one DFE of the same type are only counted once in that particular DFE row. Some assets held by DFEs might not belong to ERISA-covered plans. Some totals do not equal the sum of the components due to rounding. Pension plan statistics are weighted to estimate the impact of delinquent filers. This may result in non-integer plan counts and associated statistics in the underlying data. For more information on the weighted estimates, refer to the “Weights” section in the User Guide of the Form 5500 Private Pension Research File. 1 Asset amounts for each DFE reported in this table are calculated after assets are spread to the DFE that owns those assets. 2 Number of Invested Private Pension Plans includes multiple counting of plans invested in more than one type of DFE. 3 Number of Invested DFEs includes multiple counting of DFEs invested in more than one type of DFE. */ Less than $500,000 - Missing data SOURCE: 2018 Form 5500 filings.
98 600 600 90 3 R1C1:R1C5 False False Table 2. Balance Sheet of Direct Filing Entities (DFEs) by type of entity, 2018 (millions) Type of Asset Total Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total Noninterest-Bearing Cash 9478 3251 5070 52 1104 Employer Contrib. Receivable 173 15 157 - 1 Participant Contrib. Receivable 272 183 89 **/ - Other Receivables 125120 55203 56855 3689 9372 Interest-Bearing Cash 304757 193820 81045 6810 23082 U.S. Government Securities 698425 332712 235483 24043 106187 Corporate Debt Instruments: Preferred 133190 46111 78805 4161 4113 Corporate Debt Instruments: All Other 630260 254950 294725 38566 42020 Preferred Stock 28347 11545 4209 105 12488 Common Stock 2266858 1381115 689890 66311 129542 Partnership/Joint Venture Interests 228131 14085 157190 12290 44566 Real Estate (Other Than Employer Real Property) 81331 18993 17296 42928 2113 Loans (Other Than to Participants) 40272 20663 9875 6917 2816 Participant Loans 772 17 755 - - Assets in Registered Investment Companies 784327 358758 318410 95291 11868 Assets in Insurance Co. General Accounts 50059 13083 36935 1 41 Other General Investments 489526 170938 193653 1318 123617 Employer Securities 92480 13 92467 - - Employer Real Property 226 - 226 - - Buildings and Other Property Used by Plan - - - - - Total Assets 5964005 2875456 2273138 302482 512930 NOTES: This table provides an estimate of the underlying asset allocation of investments in DFEs, even if there were multiple layers of investment through various DFEs. Hence, there are no line items for interests in common/collective trusts, master trust investment accounts, pooled separate accounts or 103-12 Investment Entities. The dollar amounts of these investments are included on the line items in this table. For information on the methodology used to make these estimates, see the DFE User Guide at https://www.dol.gov/agencies/ebsa/researchers/statistics/retirement-bulletins/direct-filing-entity. Total asset amounts shown do not include the value of allocated insurance contracts described in 29 C.F.R § 2520.104-44. Some totals do not equal the sum of the components due to rounding. Some assets held by DFEs might not belong to ERISA-covered plans. **/ Less than $500,000. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
90 600 600 3 28 R29C1:R29C6 False False Table 3. Distribution of Direct Filing Entities (DFEs) by type of entity and number of private pension plans invested, 2018 Number of Private Pension Plans Invested 1 All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 9275 4398 1397 2946 534 0 2481 1462 231 563 225 1 1524 718 241 461 104 2-5 2483 837 859 656 131 6-50 2094 1113 66 842 73 51-100 384 124 - 259 1 101-200 146 63 - 83 - 201-300 53 37 - 16 - 301-400 32 9 - 23 - 401 or More 78 35 - 43 - NOTES: Number of Private Pension Plans Invested is dependent on matching the Form 5500s of investing entities with the Form 5500s of the DFEs in which those entities are investing. Therefore, due to matching issues outlined in the User Guide: Form 5500 Direct Filing Entity Bulletin: Abstract of Form 5500, these numbers are not directly comparable to those shown in Tables 1 and 9 of this document. 1 Number of Private Pension Plans Invested includes multiple counting of plans invested in more than one DFE. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
96 300 300 80 3 19 R20C1:R20C6 False False Table 4. Distribution of Direct Filing Entities (DFEs) by type of entity and number of DFEs invested, 2018 Number of DFEs Invested 1 All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 9275 4398 1397 2946 534 0 6578 2085 1349 2851 293 1 963 785 24 31 123 2-5 1086 970 6 23 87 6-50 619 529 18 41 31 51-100 21 21 - - - 101-200 6 6 - - - 201-300 2 2 - - - 301-400 - - - - - NOTES: Number of DFEs Invested is dependent on matching the Form 5500s of investing entities with the Form 5500s of the DFEs in which those entities are investing. Therefore, due to matching issues outlined in the User Guide: Form 5500 Direct Filing Entity Bulletin: Abstract of Form 5500, these numbers are not directly comparable to those shown in Tables 1 and 9 of this document. 1 Number of DFEs Invested includes multiple counting of entities invested in more than one DFE. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
96 600 600 80 3 17 R18C1:R18C6 False False Table 5. Distribution of Direct Filing Entities (DFEs) by type of entity and amount of assets, 2018 Amount of Assets All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 9275 4398 1397 2946 534 Less Than $0 1 105 94 1 6 4 None or Not Reported 255 114 88 45 8 $1-24K 284 98 11 174 1 25-49K 89 23 2 64 - 50-99K 139 37 2 99 1 100-249K 221 49 3 167 2 250-499K 268 71 8 183 6 500-999K 305 73 9 216 7 1-2.49M 549 157 18 364 10 2.5-4.9M 441 147 23 260 11 5-9.9M 538 224 26 271 17 10-24.9M 781 345 73 323 40 25-49.9M 717 366 79 230 42 50-74.9M 446 248 51 114 33 75-99.9M 336 186 32 81 37 100-149.9M 458 276 69 76 37 150-199.9M 375 220 68 52 35 200-249.9M 266 153 56 38 19 250-499.9M 854 483 204 84 83 500-999.9M 725 418 194 48 65 1-2.49B 631 375 178 28 50 2.5B or More 492 241 202 23 26 NOTES: Asset amounts for each DFE reported in this table are calculated after assets are spread to the DFE that owns those assets. Therefore, it is possible that certain DFEs may control a large amount of assets, but be categorized in this table as holding a very small amount of assets. For example, a common/collective trust that holds assets for various private pension plans may then invest the entire amount in other common/collective trusts. In this instance, the common/collective trust in which the private pension plans are investing directly will be presented here as holding all of those assets, while the common/collective trusts in which this common/collective trust subsequently invests will be reported as having very little in total assets. Some assets held by DFEs might not belong to ERISA-covered plans. The letters K, M, and B denote thousands, millions, and billions, respectively. 1 Negative asset amounts for certain DFEs are the result of over-ownership of those DFEs by other DFEs, as reported on the Form 5500 Schedule D. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
90 600 600 1 3 35 False False Table 6. Distribution of Direct Filing Entity (DFE) Assets by type of entity and number of private pension plans invested, 2018 (millions) Number of Private Pension Plans Invested 1 All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 5964005 2875456 2273138 302482 512930 0 619947 396137 143075 22751 57984 1 650671 170699 323994 6453 149524 2-5 1846028 324723 1425469 16121 79715 6-50 1864874 1203480 380599 57982 222813 51-100 362168 314912 - 44362 2894 101-200 234035 201327 - 32708 - 201-300 142124 133938 - 8186 - 301-400 31438 18365 - 13073 - 401 or More 212721 111874 - 100847 - NOTES: Asset amounts for each DFE reported in this table are calculated after assets are spread to the DFE that owns those assets. Therefore, it is possible that certain DFEs may control a large amount of assets, but be categorized in this table as holding a very small amount of assets. For example, a common/collective trust that holds assets for various private pension plans may then invest the entire amount in other common/collective trusts. In this instance, the common/collective trust in which the private pension plans are investing directly will be presented here as holding all of those assets, while the common/collective trusts in which this common/collective trust subsequently invests will be reported as having very little in total assets. Number of Private Pension Plans Invested is dependent on matching the Form 5500s of investing entities with the Form 5500s of the DFEs in which those entities are investing. Therefore, due to matching issues outlined in the User Guide: Form 5500 Direct Filing Entity Bulletin: Abstract of Form 5500, these numbers are not directly comparable to those shown in Tables 1 and 9 of this document. Some assets held by DFEs might not belong to ERISA-covered plans. Some totals do not equal the sum of the components due to rounding. 1 Number of Private Pension Plans Invested includes multiple counting of plans invested in more than one DFE. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
96 600 600 90 3 18 R19C1:R19C6 False False Table 7. Distribution of Direct Filing Entity (DFE) Assets by type of entity and number of DFEs invested, 2018 (millions) Number of DFEs Invested 1 All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 5964005 2875456 2273138 302482 512930 0 3272665 626219 2202123 202736 241587 1 453984 302513 71202 12462 67808 2-5 852790 737200 -491 13715 102367 6-50 1239007 1063967 302 73570 101168 51-100 72562 72562 - - - 101-200 37826 37826 - - - 201-300 35169 35169 - - - 301-400 - - - - - NOTES: Asset amounts for each DFE reported in this table are calculated after assets are spread to the DFE that owns those assets. Therefore, it is possible that certain DFEs may control a large amount of assets, but be categorized in this table as holding a very small amount of assets. For example, a common/collective trust that holds assets for various private pension plans may then invest the entire amount in other common/collective trusts. In this instance, the common/collective trust in which the private pension plans are investing directly will be presented here as holding all of those assets, while the common/collective trusts in which this common/collective trust subsequently invests will be reported as having very little in total assets. Number of DFEs Invested is dependent on matching the Form 5500s of investing entities with the Form 5500s of the DFEs in which those entities are investing. Therefore, due to matching issues outlined in the User Guide: Form 5500 Direct Filing Entity Bulletin: Abstract of Form 5500, these numbers are not directly comparable to those shown in Tables 1 and 9 of this document. Some assets held by DFEs might not belong to ERISA-covered plans. Some totals do not equal the sum of the components due to rounding. 1 Number of DFEs Invested includes multiple counting of entities invested in more than one DFE. */ Less than $500,000 - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
96 600 600 90 3 19 R20C1:R20C6 False False Table 8. Distribution of Direct Filing Entity (DFE) Assets by type of entity and amount of assets, 2018 (millions) Amount of Assets All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 5964005 2875456 2273138 302482 512930 Less Than $0 1 -33053 -32144 -491 -404 -15 $1-24K 2 1 **/ 1 **/ 25-49K 3 1 **/ 2 - 50-99K 10 3 **/ 7 **/ 100-249K 37 8 1 28 **/ 250-499K 97 26 3 66 2 500-999K 225 53 6 160 6 1-2.49M 913 264 29 601 19 2.5-4.9M 1587 555 79 916 37 5-9.9M 3901 1631 203 1935 132 10-24.9M 13157 5801 1238 5393 726 25-49.9M 26219 13625 2859 8235 1500 50-74.9M 27526 15447 3119 6931 2029 75-99.9M 29127 16168 2755 7023 3181 100-149.9M 56550 34282 8421 9329 4518 150-199.9M 65499 38344 11926 9130 6099 200-249.9M 59794 34423 12574 8536 4261 250-499.9M 304227 172908 72569 29178 29571 500-999.9M 511831 293833 141273 30836 45888 1-2.49B 982231 581026 282084 44043 75078 2.5B or More 3914121 1699202 1734489 140532 339898 NOTES: Asset amounts for each DFE reported in this table are calculated after assets are spread to the DFE that owns those assets. Therefore, it is possible that certain DFEs may control a large amount of assets, but be categorized in this table as holding a very small amount of assets. For example, a common/collective trust that holds assets for various private pension plans may then invest the entire amount in other common/collective trusts. In this instance, the common/collective trust in which the private pension plans are investing directly will be presented here as holding all of those assets, while the common/collective trusts in which this common/collective trust subsequently invests will be reported as having very little in total assets. Some assets held by DFEs might not belong to ERISA-covered plans. Some totals do not equal the sum of the components due to rounding. The letters K, M, and B denote thousands, millions, and billions, respectively. 1 Negative asset amounts for certain DFEs are the result of over-ownership of those DFEs by other DFEs, as reported on the Form 5500 Schedule D. **/ Less than $500,000 - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
90 600 600 3 3 37 False False Table 9. Number of Private Pension Plans and Direct Filing Entities (DFEs) Investing in DFEs by type of private pension plan or DFE, 2018 Investor Type Type of Asset Holder Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 31405 2355 18224 1057 Defined Benefit 2401 1420 1089 594 Defined Contribution 25517 886 16266 221 Common/Collective Trust 2505 - 39 28 Master Trust Investment Account 913 49 102 148 Pooled Separate Account 50 - 728 1 103-12 Investment Entity 19 - - 65 NOTES: Counts shown include multiple counting of plans and DFEs that invest in more than one type of DFE. Counts do not reflect the number of DFEs of a given type in which a plan or DFE invests. In other words, plans or DFEs that invest in more than one DFE of the same type are only counted once in that particular DFE column. Number of Invested Private Pension Plans and Number of Invested DFEs are based on the Form 5500s of the investing entities and are not dependent on matching plans or DFEs to DFEs in which they invest. This table does not account for plans or DFEs who are invested through an intermediate DFE. Some totals do not equal the sum of the components due to rounding. Pension plan statistics are weighted to estimate the impact of delinquent filers. This may result in non-integer plan counts and associated statistics in the underlying data. For more information on the weighted estimates, refer to the “Weights” section in the User Guide of the Form 5500 Private Pension Research File. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
97 600 600 80 3 17 R18C1:R18C5 False False Table 10. Private Pension Plan and Direct Filing Entity (DFE) Assets Invested in DFEs by type of private pension plan or DFE, 2018 (millions) Investor Type Type of Asset Holder Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 4354233 2269450 238752 162461 Defined Benefit 350155 1193250 40513 87158 Defined Contribution 1103899 1007684 137676 6956 Common/Collective Trust 2174702 - 27691 13986 Master Trust Investment Account 717714 68516 11436 24994 Pooled Separate Account 1985 - 21436 **/ 103-12 Investment Entity 5778 - - 29367 NOTES: This table reflects investments in DFEs as reported on the Form 5500 without correction for duplicate reporting of assets through multiple layers of investment. Additionally, some assets held by DFEs might not belong to ERISA-covered plans. For these reasons, asset amounts in this table may not be comparable to other tables in this bulletin. Some totals do not equal the sum of the components due to rounding. Pension plan statistics are weighted to estimate the impact of delinquent filers. This may result in non-integer plan counts and associated statistics in the underlying data. For more information on the weighted estimates, refer to the “Weights” section in the User Guide of the Form 5500 Private Pension Research File. **/ Less than $500,000. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
97 300 300 3 16 R17C1:R17C5 False False Table 11. Balance Sheet of Pension Plans with 100 or More Participants by type of plan, 2018 (millions) Type of Asset or Liability Total Defined Defined Benefit Contribution Assets Total Noninterest-Bearing Cash 16380 8852 7528 Employer Contrib. Receivable 79342 45416 33926 Participant Contrib. Receivable 2249 101 2148 Other Receivables 123159 59549 63610 Interest-Bearing Cash 219604 90287 129317 U.S. Government Securities 589324 363108 226216 Corporate Debt Instruments: Preferred 165659 126092 39567 Corporate Debt Instruments: All Other 644831 491277 153554 Preferred Stock 27122 16295 10828 Common Stock 1714409 749324 965084 Partnership/Joint Venture Interests 319167 301686 17482 Real Estate (Other Than Employer Real Property) 63494 50992 12502 Loans (Other Than to Participants) 27543 15280 12263 Participant Loans 76477 98 76378 Assets in Registered Investment Companies 3158191 352485 2805707 Assets in Insurance Co. General Accounts 248344 20776 227567 Other General Investments 449692 210363 239329 Employer Securities 389835 9057 380778 Employer Real Property 423 331 92 Buildings and Other Property Used by Plan 640 620 20 Other or Unspecified Assets 61885 1860 60025 Total Assets 8377770 2913849 5463921 Liabilities Benefit Claims Payable 1352 426 925 Operating Payables 6492 4564 1927 Acquisition Indebtedness 13057 1105 11952 Other Liabilities 52636 37225 15411 Total Liabilities 73536 43321 30216 Net Assets 8304234 2870528 5433705 */ Less than $500,000 NOTES: This table provides an estimate of the underlying asset allocation of investments in direct filing entities, even if there were multiple layers of investment through various DFEs. Hence, there are no line items for interests in common/collective trusts, master trust investment accounts, pooled separate accounts or 103-12 Investment Entities. The dollar amounts of these investments are included on the line items in this table. For information on the methodology used to make these estimates, see the DFE User Guide at https://www.dol.gov/agencies/ebsa/researchers/statistics/retirement-bulletins/direct-filing-entity. Total asset amounts shown do not include the value of allocated insurance contracts described in 29 C.F.R § 2520.104-44. Some totals do not equal the sum of the components due to rounding. Pension plan statistics are weighted to estimate the impact of delinquent filers. This may result in non-integer plan counts and associated statistics in the underlying data. For more information on the weighted estimates, refer to the “Weights” section in the User Guide of the Form 5500 Private Pension Research File. - Missing data SOURCE: 2018 Form 5500 filings.
80 600 600 15 3 41 R42C1:R42C4 False False Table 12. Balance Sheet Comparison of Pension Plans with 100 or More Participants original amounts compared to spread amounts by type of plan, 2018 (millions) Type of Asset or Liability Total Estimated Defined Benefit Estimated Defined Contribution Estimated Total Reported Defined Benefit Reported Defined Contribution Reported Assets Total Noninterest-Bearing Cash 16380 8852 7528 10335 4705 5630 Employer Contrib. Receivable 79342 45416 33926 79179 45279 33900 Participant Contrib. Receivable 2249 101 2148 2055 20 2035 Other Receivables 123159 59549 63610 43721 19967 23754 Interest-Bearing Cash 219604 90287 129317 81415 34571 46844 U.S. Government Securities 589324 363108 226216 197121 162749 34373 Corporate Debt Instruments: Preferred 165659 126092 39567 59857 53388 6469 Corporate Debt Instruments: All Other 644831 491277 153554 213754 191725 22029 Preferred Stock 27122 16295 10828 2093 1615 478 Common Stock 1714409 749324 965084 316345 226016 90329 Partnership/Joint Venture Interests 319167 301686 17482 155149 148757 6392 Real Estate (Other Than Employer Real Property) 63494 50992 12502 19628 18955 673 Loans (Other Than to Participants) 27543 15280 12263 5328 4339 989 Participant Loans 76477 98 76378 75820 85 75735 Assets in Common/Collective Trusts - - - 1454054 350155 1103899 Assets in Pooled Separate Accounts - - - 178189 40513 137676 Assets in Master Trusts - - - 2200934 1193250 1007684 Assets in 103-12 Investment Entities - - - 94114 87158 6956 Assets in Registered Investment Companies 3158191 352485 2805707 2452677 233305 2219372 Assets in Insurance Co. General Accounts 248344 20776 227567 198672 13393 185279 Other General Investments 449692 210363 239329 178047 78957 99090 Employer Securities 389835 9057 380778 296563 2365 294198 Employer Real Property 423 331 92 195 103 92 Buildings and Other Property Used by Plan 640 620 20 640 620 20 Other or Unspecified Assets 61885 1860 60025 61885 1860 60025 Total Assets 8377770 2913849 5463921 8377770 2913849 5463921 Liabilities Benefit Claims Payable 1352 426 925 1352 426 925 Operating Payables 6492 4564 1927 6492 4564 1927 Acquisition Indebtedness 13057 1105 11952 13057 1105 11952 Other Liabilities 52636 37225 15411 52636 37225 15411 Total Liabilities 73536 43321 30216 73536 43321 30216 Net Assets 8304234 2870528 5433705 8304234 2870529 5433705 */ Less than $500,000 NOTES: This table provides an estimate of the underlying asset allocation of investments in direct filing entities, even if there were multiple layers of investment through various DFEs. For information on the methodology used to make these estimates, see the DFE User Guide at https://www.dol.gov/agencies/ebsa/researchers/statistics/retirement-bulletins/direct-filing-entity. Total asset amounts shown do not include the value of allocated insurance contracts described in 29 C.F.R § 2520.104-44. Some totals do not equal the sum of the components due to rounding. Pension plan statistics are weighted to estimate the impact of delinquent filers. This may result in non-integer plan counts and associated statistics in the underlying data. For more information on the weighted estimates, refer to the “Weights” section in the User Guide of the Form 5500 Private Pension Research File. - Missing or not applicable. SOURCE: 2018 Form 5500 filings.
63 300 300 21 3 13 3 False False Table A1. Number of Group Insurance Arrangements (GIAs) , Total Participants, Active Participants, and Total Assets, 2008-2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Number of GIAs 126 109 98 88 92 92 85 92 93 88 85 Total Participants, End of Year (thousands) 1 1111.277 1002.6319999999999 947.97 1041.9839999999999 962.59799999999996 985.80600000000004 921.45600000000002 953.78599999999994 1055.8989999999999 1094 1189 Active Participants, End of Year (thousands) 1110.46 965.02300000000002 937.77599999999995 1032.413 955.44100000000003 978.09 915.22500000000002 941.84100000000001 1045.2439999999999 1083 1182 Total Assets (millions) 841.75199399999997 722.11886900000002 814.53277700000001 805.22600599999998 478.32568600000002 503.36366299999997 451.52387099999999 511.32640700000002 535.76194099999998 568 580 NOTES: A GIA provides benefits to the employees of two or more unaffiliated employers (not in connection with a multiemployer plan or a collectively bargained multiple-employer plan), fully insures one or more welfare plans of each participating employer, uses a trust or other entity as the holder of the insurance contracts, and uses a trust as the conduit for payment of premiums to the insurance company. Total participants, active participants, and total assets are tabulated as of the end of the plan year. 1 For the purposes of this report, includes active, retired, and separated participants, either receiving benefits or entitled to future benefits. SOURCE: Form 5500 filings.