U.S. corporate defined benefit and defined contribution plans had combined assets of $6.584 trillion as of Dec. 31, down 0.27% or $18 billion from the previous quarter, according to the Federal Reserve's Flow of Funds report issued Thursday.
Corporate retirement assets at year-end were up $497 billion, or 8.16%, from a year earlier.
The value of equities in corporate retirement plans dropped 1.8% from the previous quarter to $2.218 trillion in Q4, but that amount was an increase of 10.6% from a year earlier. The value of bonds increased 0.73% in the latest quarter to $441.5 billion, which was also a slight increase of 0.14% from a year earlier.
Corporate defined benefit plans had $2.332 trillion in assets as of Dec. 31, and defined contribution plans had $4.252 trillion. DB plan assets dipped 0.51% over the previous quarter, while defined contribution assets dipped just 0.14%.
