Brake.Ryan Luke Coughlan 2019-09-24T14:58:54Z 2010-04-28T17:34:44Z 2023-08-03T23:33:39Z EBSA 16.00 0x0101009592D5DB7F511A4CB595E0EB258E90D9 21600 18600 32767 32767 False False Table 1. Number of Direct Filing Entities (DFEs), Assets, Invested Pension Plans, and Invested DFEs by type of entity, 2021 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 10058 8581644 Common/Collective Trust 5088 4672597 30540 3836 Master Trust Investment Account 1310 3039716 2001 43 Pooled Separate Account 3138 394581 16739 764 103-12 Investment Entity 522 474749 797 247 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 the DFEs in which they invest. This table does not account for plans or DFEs that 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. 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. Assets are tabulated as of the end of the plan year. 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: 2021 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, 2021 (millions) Type of Asset Total Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total Noninterest-Bearing Cash 16297 8024 6005 52 2216 Employer Contrib. Receivable 43 16 12 **/ 15 Participant Contrib. Receivable **/ - **/ **/ - Other Receivables 171568 94973 64173 3330 9092 Interest-Bearing Cash 505926 381524 97176 8437 18789 U.S. Government Securities 918597 480986 330519 19475 87617 Corporate Debt Instruments: Preferred 149222 62072 77126 5356 4668 Corporate Debt Instruments: All Other 823543 336531 389012 45650 52350 Preferred Stock 26071 9193 4684 198 11997 Common Stock 3715101 2451384 1019807 96780 147130 Partnership/Joint Venture Interests 327989 20983 217313 20058 69635 Real Estate (Other Than Employer Real Property) 87570 19050 17759 48109 2651 Loans (Other Than to Participants) 50086 25637 9709 10758 3982 Participant Loans 328 24 304 **/ - Assets in Registered Investment Companies 1206068 629341 417446 135449 23833 Assets in Insurance Co. General Accounts 44714 4075 40597 3 39 Other General Investments 429046 148760 238624 926 40736 Employer Securities 109209 24 109185 - - Employer Real Property 264 - 264 - - Buildings and Other Property Used by Plan 1 - 1 - - Total Assets 8581644 4672597 3039716 394581 474749 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. 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 90 600 600 85 3 1 R2C1:R2C6 False False Table 3. Distribution of Direct Filing Entities (DFEs) by type of entity and number of private pension plans invested, 2021 Number of Private Pension Plans Invested ¹ All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 10058 5088 1310 3138 522 0 2844 1701 227 683 233 1 1477 696 221 476 84 2-5 2711 1053 820 702 136 6-50 2343 1284 42 952 65 51-100 332 158 - 170 4 101-200 181 96 - 85 - 201-300 63 41 - 22 - 301-400 20 9 - 11 - 401 or More 87 50 - 37 - Per Plan Statistics Mean Number of Private Pension Plans Invested 21.22 23.51 1.95 28.57 3.04 Median Number of Private Pension Plans Invested 2 2 2 3 1 Maximum Number of Private Pension Plans Invested 2710 2196 13 2710 92 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. 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: 2021 Form 5500 filings. 96 300 300 80 3 1 R2C1:R2C6 False False Table 4. Distribution of Direct Filing Entities (DFEs) by type of entity and number of DFEs invested, 2021 Number of DFEs Invested ¹ All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 10058 5088 1310 3138 522 0 7083 2529 1233 3043 278 1 1132 896 57 37 142 2-5 1086 984 2 20 80 6-50 709 632 18 37 22 51-100 34 33 - 1 - 101-200 12 12 - - - 201-300 2 2 - - - 301-400 - - - - - Per Plan Statistics Mean Number of DFEs Invested 1.92 3.43 0.18 0.32 1.1599999999999999 Median Number of DFEs Invested 0 1 0 0 0 Maximum Number of DFEs Invested 218 218 11 51 23 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. 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: 2021 Form 5500 filings. 96 600 600 80 3 1 R2C1:R2C6 False False Table 5. Distribution of Direct Filing Entities (DFEs) by type of entity and amount of assets, 2021 Amount of Assets All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 10058 5088 1310 3138 522 Less Than $0 ¹ 127 119 2 4 2 None or Not Reported 320 141 67 105 7 $1-24K 308 138 12 158 - 25-49K 100 60 1 38 1 50-99K 122 50 5 67 - 100-249K 252 81 12 157 2 250-499K 252 68 6 175 3 500-999K 329 105 8 206 10 1-2.49M 584 188 20 362 14 2.5-4.9M 521 173 17 326 5 5-9.9M 571 200 22 335 14 10-24.9M 824 339 57 383 45 25-49.9M 709 375 71 221 42 50-74.9M 435 247 45 110 33 75-99.9M 322 198 30 73 21 100-149.9M 512 319 56 103 34 150-199.9M 319 201 41 53 24 200-249.9M 276 155 54 36 31 250-499.9M 914 562 164 110 78 500-999.9M 808 505 187 50 66 1-2.49B 769 479 199 35 56 2.5B or More 684 385 234 31 34 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 are 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 90 600 600 3 11 False False Table 6. Distribution of Direct Filing Entity (DFE) Assets by type of entity and number of private pension plans invested, 2021 (millions) Number of Private Pension Plans Invested ¹ All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 8581644 4672597 3039716 394581 474749 0 803226 522180 182538 32084 66423 1 780413 266258 427654 8738 77763 2-5 2842160 662958 2024076 25630 129496 6-50 2473239 1804713 405448 74180 188898 51-100 538667 468280 - 58218 12169 101-200 480151 450639 - 29513 - 201-300 187847 161334 - 26513 - 301-400 30676 7809 - 22867 - 401 or More 445264 328426 - 116838 - 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 are 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. 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 96 600 600 3 1 R2C1:R2C6 False False Table 7. Distribution of Direct Filing Entity (DFE) Assets by type of entity and number of DFEs invested, 2021 (millions) Number of DFEs Invested ¹ All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 8581644 4672597 3039716 394581 474749 0 4535901 1045963 3032063 234513 223362 1 551718 414125 7278 25418 104896 2-5 1170209 1022291 **/ 49244 98674 6-50 2104698 1972090 376 84415 47816 51-100 99318 98328 - 991 - 101-200 76133 76133 - - - 201-300 43667 43667 - - - 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 are 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. 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: 2021 Form 5500 filings. 96 600 600 3 1 R2C1:R2C6 False False Table 8. Distribution of Direct Filing Entity (DFE) Assets by type of entity and amount of assets, 2021 (millions) Amount of Assets All Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 8581644 4672597 3039716 394581 474749 Less Than $0 ¹ -31060 -30711 **/ -251 -99 $1-24K 2 1 **/ 1 - 25-49K 3 2 **/ 1 **/ 50-99K 9 4 **/ 5 - 100-249K 43 14 2 27 **/ 250-499K 92 25 2 64 1 500-999K 243 78 5 152 8 1-2.49M 976 313 35 605 23 2.5-4.9M 1916 640 63 1199 15 5-9.9M 4121 1434 169 2418 100 10-24.9M 13696 5684 1027 6214 770 25-49.9M 25809 13757 2534 7987 1530 50-74.9M 26670 15229 2786 6714 1941 75-99.9M 28095 17206 2615 6418 1856 100-149.9M 63873 39790 6932 12912 4240 150-199.9M 55527 35136 7105 9129 4157 200-249.9M 61369 34187 12270 7975 6936 250-499.9M 332097 202913 61782 39440 27963 500-999.9M 580019 362322 137409 34207 46081 1-2.49B 1208089 739785 326280 54788 87235 2.5B or More 6210056 3234789 2478700 204576 291991 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 are 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 90 600 600 3 1 R2C1:R2C6 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, 2021 Investor Type Type of Asset Holder Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 34376 2044 17503 1044 Defined Benefit 2413 1160 951 569 Defined Contribution 28127 841 15788 228 Common/Collective Trust 2895 1 41 42 Master Trust Investment Account 909 42 90 122 Pooled Separate Account 14 - 633 - 103-12 Investment Entity 18 - - 83 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. 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 that 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: 2021 Form 5500 filings. 97 600 600 80 3 48 3 False False Table 10. Private Pension Plan and Direct Filing Entity (DFE) Assets Invested in DFEs by type of private pension plan or DFE, 2021 (millions) Investor Type Type of Asset Holder Common/Collective Trust Master Trust Investment Account Pooled Separate Account 103-12 Investment Entity Total 7434725 3007498 325254 209543 Defined Benefit 499186 1463800 43523 130291 Defined Contribution 2182281 1456948 196761 7925 Common/Collective Trust 3627501 **/ 37978 19893 Master Trust Investment Account 1117093 86750 14928 24762 Pooled Separate Account 3158 - 32064 - 103-12 Investment Entity 5506 - - 26672 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 97 300 300 3 9 2 False False Table 11. Balance Sheet of Pension Plans with 100 or More Participants by type of plan, 2021 (millions) Type of Asset or Liability Total Defined Defined Benefit Contribution Assets Total Noninterest-Bearing Cash 24424 11982 12442 Employer Contrib. Receivable 65778 27167 38611 Participant Contrib. Receivable 2779 14 2765 Other Receivables 144334 61972 82362 Interest-Bearing Cash 283061 113149 169912 U.S. Government Securities 781197 449554 331643 Corporate Debt Instruments: Preferred 190754 139499 51255 Corporate Debt Instruments: All Other 840860 636366 204494 Preferred Stock 22574 15768 6806 Common Stock 2816205 934409 1881796 Partnership/Joint Venture Interests 491777 463232 28546 Real Estate (Other Than Employer Real Property) 69621 52481 17140 Loans (Other Than to Participants) 32386 17502 14884 Participant Loans 72526 99 72426 Assets in Registered Investment Companies 4719727 423873 4295854 Assets in Insurance Co. General Accounts 262586 17731 244855 Other General Investments 573780 221783 351997 Employer Securities 504187 11266 492921 Employer Real Property 442 396 46 Buildings and Other Property Used by Plan 782 760 22 Other or Unspecified Assets 87048 1680 85368 Total Assets 11986830 3600684 8386146 Liabilities Benefit Claims Payable 3189 961 2228 Operating Payables 7439 5814 1625 Acquisition Indebtedness 17155 1361 15793 Other Liabilities 60579 37249 23330 Total Liabilities 88362 45386 42976 Net Assets 11898469 3555298 8343171 */ Less than $500,000 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. 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 80 600 600 85 3 47 7 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, 2021 (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 24424 11982 12442 14709 5991 8718 Employer Contrib. Receivable 65778 27167 38611 65749 27147 38602 Participant Contrib. Receivable 2779 14 2765 2779 14 2765 Other Receivables 144334 61972 82362 36607 20305 16302 Interest-Bearing Cash 283061 113149 169912 92515 37989 54526 U.S. Government Securities 781197 449554 331643 211676 175222 36455 Corporate Debt Instruments: Preferred 190754 139499 51255 75430 67783 7647 Corporate Debt Instruments: All Other 840860 636366 204494 264212 240719 23493 Preferred Stock 22574 15768 6806 1770 1194 576 Common Stock 2816205 934409 1881796 395740 261416 134324 Partnership/Joint Venture Interests 491777 463232 28546 232068 220367 11701 Real Estate (Other Than Employer Real Property) 69621 52481 17140 19590 18872 718 Loans (Other Than to Participants) 32386 17502 14884 5884 4534 1350 Participant Loans 72526 99 72426 72195 69 72126 Assets in Common/Collective Trusts - - - 2681466 499186 2182281 Assets in Pooled Separate Accounts - - - 240284 43523 196761 Assets in Master Trusts - - - 2920748 1463800 1456948 Assets in 103-12 Investment Entities - - - 138216 130291 7925 Assets in Registered Investment Companies 4719727 423873 4295854 3571880 275637 3296243 Assets in Insurance Co. General Accounts 262586 17731 244855 219064 14055 205009 Other General Investments 573780 221783 351997 237391 87374 150017 Employer Securities 504187 11266 492921 398849 2626 396223 Employer Real Property 442 396 46 179 133 46 Buildings and Other Property Used by Plan 782 760 22 782 760 22 Other or Unspecified Assets 87048 1680 85368 87048 1680 85368 Total Assets 11986830 3600684 8386146 11986830 3600684 8386146 Liabilities Benefit Claims Payable 3189 961 2228 3189 961 2228 Operating Payables 7439 5814 1625 7439 5814 1625 Acquisition Indebtedness 17155 1361 15793 17155 1361 15793 Other Liabilities 60579 37249 23330 60579 37249 23330 Total Liabilities 88362 45386 42976 88362 45386 42976 Net Assets 11898469 3555298 8343171 11898469 3555298 8343171 */ Less than $500,000 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. 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. Assets are tabulated as of the end of the plan year. 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: 2021 Form 5500 filings. 63 300 300 3 49 R50C1:R50C7 False False