Funding Ratio | Plans | Participants (in thousands) |
Total Liabilities*
(in millions) |
Underfunding
(in millions) |
Overfunding (in millions) |
|||||
---|---|---|---|---|---|---|---|---|---|---|
Under 40% | 15 | 0.9% | 82 | 0.9% | $2,103 | 0.5% | $1,537 | 3.2% | --- | --- |
40% - 49% | 13 | 0.8% | 16 | 0.2% | 527 | 0.1% | 287 | 0.6% | --- | --- |
50% - 59% | 33 | 1.9% | 340 | 3.6% | 12,956 | 3.4% | 5,877 | 12.1% | --- | --- |
60% - 69% | 91 | 5.4% | 815 | 8.7% | 49,259 | 12.8% | 16,189 | 33.4% | --- | --- |
70% - 79% | 207 | 12.1% | 747 | 7.9% | 42,454 | 11.0% | 10,367 | 21.4% | --- | --- |
80% - 89% | 356 | 20.9% | 1,956 | 20.8% | 74,432 | 19.3% | 10,791 | 22.3% | --- | --- |
90% - 99% | 350 | 20.5% | 2,315 | 24.6% | 88,977 | 23.1% | 3,363 | 6.9% | --- | --- |
100% - 109% | 263 | 15.4% | 1,494 | 15.9% | 62,368 | 16.2% | --- | --- | $2,435 | 17.1% |
110% - 119% | 167 | 9.8% | 903 | 9.6% | 30,254 | 7.9% | --- | --- | 4,202 | 29.5% |
120% - 129% | 94 | 5.5% | 268 | 2.8% | 8,761 | 2.3% | --- | --- | 2,068 | 14.5% |
130% - 139% | 45 | 2.6% | 319 | 3.4% | 8,603 | 2.2% | --- | --- | 2,906 | 20.4% |
140% - 149% | 30 | 1.7% | 79 | 0.8% | 1,762 | 0.5% | --- | --- | 749 | 5.3% |
150% and over | 49 | 2.5% | 88 | 0.9% | 2,816 | 0.7% | --- | --- | 1,888 | 13.3% |
TOTAL | 1,707 | 100.0% | 9,422 | 100.0% | $385,272 | 100.0% | $48,412 | 100.0% | $14,249 | 100.0% |
UNDERFUNDED | 1,065 | 62.4% | 6,271 | 66.6% | $270,708 | 70.3% | $48,412 | 100.0% | --- | --- |
OVERFUNDED | 642 | 37.6% | 3,151 | 33.4% | $114,564 | 29.7% | --- | --- | $7,763 | 100.0% |
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer
plans.
* 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 2001.