U.S. corporate defined benefit and defined contribution plans had combined assets of $8.064 trillion as of March 31, up 1.1% from three months earlier and an 8.6% increase from a year earlier, according to the Federal Reserve’s Financial Accounts of the United States report issued on Thursday.

Defined benefit plan assets totaled $3.081 trillion as of March 31, up 0.4% from Dec. 31, while defined contribution plan assets totaled $4.983 trillion, up 1.6% from three months earlier.

As of March 31, state and local government retirement plan assets totaled $4.892 trillion, a 0.9% increase over three months earlier and a 4.1% increase over a year ago.

Federal government retirement fund assets totaled $3.56 trillion, up 0.8% from Dec. 31 and up 4.3% from March 31, 2013.

Equities in corporate defined benefit pension plans totaled $2.517 trillion, up 1.3% from the three months earlier and up 14.1% from a year ago.

At the end of 2013, the report showed $7.974 trillion in U.S. corporate DB and DC plan assets, a 12% increase over the end of 2012. Assets in state and local government retirement plans at the end of 2013 totaled $4.846 trillion, an increase of 4.2% over the end of 2012.

Source: Pensions & Investments