Table M-12
| Funding Ratio | Participants (in thousands) | Total Liabilities * (in millions) | Underfunding (in millions) | Overfunding (in millions) | ||||
|---|---|---|---|---|---|---|---|---|
| Under 40% | 86 | 0.9% | $2,172 | 0.6% | $1,506 | 2.3% | --- | --- |
| 40% - 49% | 260 | 2.8% | 7,994 | 2.1% | 4,102 | 6.2% | --- | --- |
| 50% - 59% | 632 | 6.7% | 42,748 | 11.4% | 17,871 | 27.0% | --- | --- |
| 60% - 69% | 463 | 4.9% | 24,808 | 6.6% | 8,685 | 13.1% | --- | --- |
| 70% - 79% | 1,341 | 14.2% | 51,510 | 13.7% | 12,681 | 19.2% | --- | --- |
| 80% - 89% | 2,987 | 31.7% | 120,604 | 32.1% | 18,467 | 27.9% | --- | --- |
| 90% - 99% | 1,305 | 13.9% | 59,613 | 15.9% | 2,784 | 4.2% | --- | --- |
| 100% - 109% | 1,413 | 15.0% | 40,933 | 10.9% | --- | --- | $1,603 | 20.6% |
| 110% - 119% | 471 | 5.0% | 12,240 | 3.3% | --- | --- | 1,802 | 23.2% |
| 120% - 129% | 306 | 3.3% | 8,932 | 2.4% | --- | --- | 2,191 | 28.2% |
| 130% - 139% | 49 | 0.5% | 1,284 | 0.3% | --- | --- | 458 | 5.9% |
| 140% - 149% | 68 | 0.7% | 2,400 | 0.6% | --- | --- | 1,050 | 13.5% |
| 150% and over | 33 | 0.4% | 431 | 0.1% | --- | --- | 659 | 8.5% |
| TOTAL | 9,416 | 100.0% | $375,668 | 100.0% | $66,095 | 100.0% | $7,763 | 100.0% |
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans with 100 or more participants.
*Vested liabilities have been adjusted to an interest rate that, along with the GAM-83 mortality table, reflects the cost to purchase an annuity at the beginning of 1999.