Funding of PBGC-Insured Plans by Industry (1999) Single-Employer Program

Table S-29
Industry Average Funding Ratio Total Liabilities * (in millions) Underfunding (in millions) Overfunding (in millions)
AGRICULTURE, MINING AND CONSTRUCTION 113% $20,695 1.4% $1,121 1.7% $3,830 1.5%
MANUFACTURING 108% 760,424 52.9% 41,432 62.3% 101,320 40.3%
Chemical and Allied Products 107% 65,826 4.6% 3,565 5.4% 8,371 3.3%
Computer and Electronic Products 119% 79,988 5.6% 1,079 1.6% 16,167 6.4%
Electrical Equipment 124% 65,661 4.6% 1,591 2.4% 17,442 6.9%
Fabricated Metal Products 106% 24,822 1.7% 1,786 2.7% 3,242 1.3%
Food and Tobacco Products 103% 43,926 3.1% 3,157 4.7% 4,598 1.8%
Machinery 104% 38,694 2.7% 2,199 3.3% 3,767 1.5%
Motor Vehicle Equipment 96% 148,340 10.3% 13,856 20.8% 7,666 3.0%
Paper Manufacturing 111% 28,399 2.0% 1,298 2.0% 4,428 1.8%
Petroleum and Coal Products 109% 33,054 2.3% 1,550 2.3% 4,368 1.7%
Primary Metals 102% 50,625 3.5% 4,214 6.3% 5,036 2.0%
Other Manufacturing 111% 181,089 12.6% 7,137 10.7% 26,236 10.4%
TRANSPORTATION AND PUBLIC UTILITIES 116% 150,575 10.5% 5,752 8.6% 29,298 11.6%
Air Transportation 98% 41,752 2.9% 2,964 4.5% 2,167 0.9%
Other Transportation 109% 17,346 1.2% 876 1.3% 2,421 1.0%
Public Utilities 125% 91,477 6.4% 1,912 2.9% 24,710 9.8%
INFORMATION 131% 175,264 12.2% 2,912 4.4% 56,382 22.4%
WHOLESALE TRADE 124% 16,620 1.2% 890 1.3% 4,850 1.9%
RETAIL TRADE 101% 24,893 1.7% 2,818 4.2% 3,107 1.2%
FINANCE, INSURANCE AND REAL ESTATE 122% 126,359 8.8% 3,006 4.5% 30,521 12.1%
SERVICES 108% 145,234 10.1% 7,786 11.7% 19,379 7.7%
Health Care 106% 51,483 3.6% 3,433 5.2% 6,359 2.5%
Other Services 109% 93,751 6.5% 4,353 6.5% 13,020 5.2%
NON-PROFIT ORGANIZATIONS 113% 16,438 1.1% 780 1.2% 2,988 1.2%
TOTAL 113% $1,436,502 100.0% $66,495 100.0% $251,675 100.0%

Source: Internal Revenue Service Form 5500 Series Filings for single-employer plans with 100 or more participants.
Due to rounding of individual items, percentages may not add up to 100 percent.
Industry classifications are now based on principal business activity code used in the North American Industry Classification System. Therefore, the results in this table may not be directly comparable with those in previous years.
* 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.

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