Table 2 
Trusteed pension funds: Revenue and expenditures 

Trusteed pension funds: Revenue and expenditures
  Fourth quarter 2018r First quarter 2019p Fourth quarter 2018 to first quarter 2019
  millions of dollarsmillions of dollars % change
Total revenue 50,861 49,078 -3.5
Revenue from contributions 16,867 14,613 -13.4
Investment income 19,354 12,937 -33.2
Net profit on sale of securities 12,662 20,036 58.2
Miscellaneous revenue 1,733 1,304 -24.8
Revenue, funds under $10 million 245 188 -23.3
Total expenditures 33,634 22,791 -32.2
Pension payments out of funds 17,252 16,080 -6.8
Cost of pensions purchased 154 123 -20.1
Cash withdrawals 2,574 2,329 -9.5
Administration costs 2,084 1,688 -19.0
Net loss on sale of securities 8,787 110 -98.7
Other expenditures 2,654 2,362 -11.0
Expenditures, funds under $10 million 129 99 -23.3
Net income 17,227 26,288 52.6
r
revised
p
preliminary
Source(s):
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