| Funding Ratio | Plans | Participants (in thousands) |
Total Liabilities*
(in millions) |
Underfunding
(in millions) |
Overfunding (in millions) |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| Less than 40% | 41 | 2.5% | 296 | 3.1% | $11,366 | 2.3% | $7,436 | 4.2% | --- | --- |
| 40% - 49% | 111 | 6.9% | 1,061 | 10.9% | 79,177 | 16.4% | 44,368 | 25.0% | --- | --- |
| 50% - 59% | 319 | 19.8% | 1,879 | 19.4% | 93,012 | 19.2% | 40,969 | 23.1% | --- | --- |
| 60% - 69% | 451 | 28.0% | 2,899 | 29.9% | 153,414 | 31.7% | 53,171 | 29.9% | --- | --- |
| 70% - 79% | 356 | 22.1% | 2,196 | 22.6% | 100,445 | 20.8% | 25,789 | 14.5% | --- | --- |
| 80% - 89% | 198 | 12.3% | 882 | 9.1% | 29,720 | 6.1% | 4,878 | 2.7% | --- | --- |
| 90% - 99% | 85 | 5.3% | 372 | 3.8% | 13,071 | 2.7% | 1,010 | 0.6% | --- | --- |
| 100% - 109% | 18 | 1.1% | 35 | 0.4% | 1,576 | 0.3% | --- | --- | $38 | 4.0% |
| 110% - 119% | 10 | 0.6% | 9 | 0.1% | 226 | ** | --- | --- | 36 | 3.7% |
| 120% - 129% | 12 | 0.7% | 32 | 0.3% | 1,745 | 0.4% | --- | --- | 444 | 46.2% |
| 130% - 139% | 2 | 0.1% | 1 | ** | 11 | ** | --- | --- | 3 | 0.3% |
| 140% - 149% | 3 | 0.2% | 1 | ** | 20 | ** | --- | --- | 9 | 0.9% |
| 150% or more | 6 | 0.4% | 35 | 0.4% | 253 | 0.1% | --- | --- | 431 | 44.8% |
| TOTAL | 1,612 | 100.0% | 9,699 | 100.0% | $484,037 | 100.0% | $177,621 | 100.0% | $962 | 100.0% |
| UNDERFUNDED | 1,561 | 96.8% | 9,585 | 98.8% | $480,205 | 99.2% | $177,621 | 100.0% | --- | --- |
| OVERFUNDED | 51 | 3.2% | 113 | 1.2% | $3,831 | 0.8% | --- | --- | $962 | 100.0% |
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer
plans.
Due to aggregation and rounding of individual items, numbsers may not add to totals and percentages may not add up to 100%.
* 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 2003.
** Less than 0.05 of one percent.