Table M-13
| Industry | Average Funding Ratio | Total Liabilities * (in millions) | Underfunding (in millions) | Overfunding (in millions) | |||
|---|---|---|---|---|---|---|---|
| AGRICULTURE | 100% | $748 | 0.2% | $46 | 0.1% | $46 | 0.6% |
| MINING | 83% | 9,461 | 2.5% | 1,606 | 2.4% | 17 | 0.2% |
| CONSTRUCTION | 86% | 165,897 | 44.2% | 25,612 | 38.8% | 2,286 | 29.4% |
| General Contracting | 86% | 22,189 | 5.9% | 3,212 | 4.9% | 208 | 2.7% |
| Heavy Construction | 92% | 21,612 | 5.8% | 2,012 | 3.0% | 202 | 2.6% |
| Plumbing, Heating and Air Conditioning | 86% | 22,642 | 6.0% | 3,557 | 5.4% | 316 | 4.1% |
| Electrical Work | 84% | 25,185 | 6.7% | 4,374 | 6.6% | 393 | 5.1% |
| Masonry, Brick and Stonework | 85% | 6,195 | 1.6% | 1,051 | 1.6% | 115 | 1.5% |
| Carpentry | 87% | 22,563 | 6.0% | 3,200 | 4.8% | 335 | 4.3% |
| Roofing and Sheet Metal Work | 75% | 10,476 | 2.8% | 2,933 | 4.4% | 306 | 3.9% |
| Other Construction | 86% | 35,034 | 9.3% | 5,273 | 8.0% | 410 | 5.3% |
| MANUFACTURING | 91% | 32,560 | 8.7% | 3,991 | 6.0% | 1,158 | 14.9% |
| Food and Tobacco Products | 90% | 9,954 | 2.6% | 1,187 | 1.8% | 227 | 2.9% |
| Apparel and Textile Products | 76% | 1,736 | 0.5% | 423 | 0.6% | 3 | ** |
| Paper and Allied Products | 90% | 1,945 | 0.5% | 288 | 0.4% | 84 | 1.1% |
| Printing and Publishing | 84% | 5,170 | 1.4% | 864 | 1.3% | 51 | 0.7% |
| Furniture and Fixtures | 113% | 1,176 | 0.3% | 41 | 0.1% | 197 | 2.5% |
| Machinery and Computer Equipment | 106% | 5,154 | 1.4% | 67 | 0.1% | 365 | 4.7% |
| Electrical and Electronic Equipment | 97% | 996 | 0.3% | 60 | 0.1% | 34 | 0.4% |
| Other Manufacturing | 87% | 6,428 | 1.7% | 1,062 | 1.6% | 197 | 2.5% |
| TRANSPORTATION AND PUBLIC UTILITIES | 72% | 91,996 | 24.5% | 26,837 | 40.6% | 969 | 12.5% |
| Trucking | 69% | 79,725 | 21.2% | 24,720 | 37.4% | 241 | 3.1% |
| Water Transportation | 91% | 7,765 | 2.1% | 1,380 | 2.1% | 669 | 8.6% |
| Other Transportation and Public Utilities | 85% | 4,506 | 1.2% | 738 | 1.1% | 59 | 0.8% |
| INFORMATION | 92% | 8,947 | 2.4% | 744 | 1.1% | 28 | 0.4% |
| WHOLESALE TRADE | 83% | 3,480 | 0.9% | 674 | 1.0% | 73 | 0.9% |
| RETAIL TRADE | 95% | 27,526 | 7.3% | 2,307 | 3.5% | 965 | 12.4% |
| SERVICES | 94% | 35,053 | 9.3% | 4,278 | 6.5% | 2,220 | 28.6% |
| Administration | 84% | 7,415 | 2.0% | 1,227 | 1.9% | 51 | 0.7% |
| Health Care | 111% | 7,548 | 2.0% | 345 | 0.5% | 1,181 | 15.2% |
| Accomodation / Food Service | 87% | 3,394 | 0.9% | 689 | 1.0% | 257 | 3.3% |
| Other Services | 92% | 16,696 | 4.4% | 2,016 | 3.1% | 731 | 9.4% |
| TOTAL | 84% | $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.
Due to aggregation and rounding of individual items, totals may not add up to totals in other tables and percentages may not add up to 100 percent.
*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.
** Less than 0.05 of one percent.