Us_1Assets in American private defined benefit pension plans took a step backward in 2005, dropping 2% to $1.769 trillion, according to the Federal Reserve Board’s flow of funds data. This was the first drop since 2002, when total assets for U.S. private defined benefit plans plummeted 16% to $1.409 trillion. Since then, assets increased by 19% in 2003 and 8% in 2004.  Total retirement assets — including private defined contribution plans and local government, state and federal defined benefit plans — increased by 3% to $8.41 trillion from $8.15 trillion in 2004.
Defined benefit assets drop