Table M-14 Funding of PBGC-Insured Plans by Industry (2001)

Industry  Average
Funding Ratio
 
Total Liabilities*
(in millions)
 
Underfunding
(in millions)
 
Overfunding
(in millions)
 
AGRICULTURE 120% $725 0.2% $29 0.1% $172 1.2%
MINING 96% 7,859 2.0%   361 0.7%     12 0.1%
CONSTRUCTION 91%   174,333 45.2% 20,591 42.5% 5,181 36.4%
General Contracting 89%     19,509 5.1% 2,396 5.0% 308 2.2%
Heavy Construction 98%     26,433 6.9% 1,822 3.8% 1,224 8.6%
Plumbing, Heating and Air Conditioning 88%     25,108 6.5% 3,736 7.7% 602 4.2%
Electrical Work 91%     26,962 7.0% 2,773 5.7% 267 1.9%
Masonry, Brick and Stonework 89% 6,405 1.7% 917 1.9% 195 1.4%
Carpentry 94%     24,156 6.3% 2,654 5.5% 1,130 7.9%
Roofing and Sheet Metal Work 80%     11,080 2.9% 2,872 5.9% 601 4.2%
Other Construction 93%     34,680 9.0% 3,420 7.1% 855 6.0%
MANUFACTURING 
98% 32,316 8.4% 2,284 4.7% 1,751 12.3%
Food and Tobacco Products 97%     10,067 2.6% 557 1.2% 233 1.6%
Apparel and Textile Products 91% 1,383 0.4% 134 0.3%   10 0.1%
Paper and Allied Products 92% 1,913 0.5% 211 0.4%   53 0.4%
Printing and Publishing 92% 5,236 1.4% 514 1.1%   91 0.6%
Furniture and Fixtures 82% 189 **     35 0.1%     1 **  
Machinery and Computer Equipment 117% 6,130 1.6%   48 0.1% 1,060 7.4%
Electrical and Electronic Equipment 106% 410 0.1%     8 **     33 0.2%
Other Manufacturing 93% 6,989 1.8% 777 1.6% 269 1.9%
TRANSPORTATION AND PUBLIC UTILITIES 
83% 91,263 23.7% 17,370 35.9% 2,199 15.4%
Trucking 81%     80,546 20.9%     16,034 33.1% 1,121 7.9%
Water Transportation 104% 4,647 1.2% 778 1.6% 953 6.7%
Other Transportation and Public Utilities 93% 6,070 1.6% 558 1.2% 125 0.9%
INFORMATION 98% 6,053 1.6%   327 0.7%   184 1.3%
WHOLESALE TRADE 91% 3,184 0.8%   442 0.9%   155 1.1%
RETAIL TRADE 93% 30,005 7.8% 2,965 6.1%   956 6.7%
SERVICES 99% 39,534 10.3% 4,044 8.4% 3,637 25.5%
Administration 83% 6,900 1.8% 1,307 2.7% 163 1.1%
Health Care 121% 8,303 2.2% 171 0.4% 1,942 13.6%
Accommodation / Food Service 98% 5,510 1.4% 645 1.3% 538 3.8%
Other Services 95%     18,821 4.9% 1,921 4.0% 994 7.0%
TOTAL 
91% $385,272 100.0% $48,412 100.0% $14,249 100.0%
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans.
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 2001.
** Less than 0.05 of one percent.

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