Table M-14 Funding of PBGC-Insured Plans by Industry (2003)

Industry  Average
Funding Ratio
 
Total Liabilities*
(in millions)
 
Underfunding
(in millions)
 
Overfunding
(in millions)
 
AGRICULTURE 95% $774 0.2% $55 ** $14 1.5%
MINING 64% 9,543 2.0%   3,452 1.9% *** ***
CONSTRUCTION 64% 219,764 45.2% 79,479 44.7%     184 19.1%
Building Contracting 59% 42,732 8.8% 17,338 9.8% 6 0.6%
Heavy Construction 66% 34,972 7.2% 11,774 6.6% 7 0.8%
Plumbing, Heating and Air Conditioning 62% 32,264 6.7% 12,148 6.8% 1 0.1%
Electrical Work 63% 35,336 7.3% 13,036 7.3% *** ***
Building Finishing Contractors 64% 14,172 2.9% 5,161 2.9% *** ***
Foundation, Structure and Exterior Work 66% 25,079 5.2% 8,622 4.9% 165 17.1%
Other Construction 68% 35,208 7.3% 11,400 6.4% 4 0.5%
MANUFACTURING 
68% 39,234 8.1% 12,648 7.1% 74 7.7%
Food and Tobacco Products 66% 11,574 2.3% 3,907 2.2% 19 2.0%
Apparel and Textile Products 61% 2,576 0.5% 992 0.6% *** ***
Paper and Allied Products 65% 2,637 0.5% 942 0.5% 11 1.2%
Printing and Publishing 64% 6,203 1.3% 2,250 1.3% *** ***
Furniture and Fixtures 58% 224 **   95 0.1% *** ***
Machinery and Computer Equipment 81% 7,636 1.6%   1,489 0.8% 35 3.6%
Electrical and Electronic Equipment 77% 553 0.1% 130 0.1%     3 0.4%
Other Manufacturing 64% 7,831 1.6%     2,843 1.6% 5 0.5%
TRANSPORTATION AND PUBLIC UTILITIES 
58% 114,325 23.6% 48,382 27.2% 447 46.5%
Trucking 81% 103,079 21.3% 45,270 25.5% 1 0.1%
Water Transportation 56% 4,405 0.9% 1,229 0.7% 439 45.7%
Other Transportation and Public Utilities 82% 6,842 1.4% 1,882 1.1% 7 0.7%
INFORMATION 73% 10,558 2.2% 3,623 2.0% 16 1.6%
WHOLESALE TRADE 70% 2,299 0.5% 698 0.4% 1 0.1%
RETAIL TRADE 65% 38,257 7.9% 13,596 7.7% 216 22.5%
SERVICES 68% 49,283 10.2% 15,688 8.8% 11 1.1%
Administration 63% 9,480 2.0% 3,477 2.0% 2 0.2%
Health Care 81% 10,637 2.2% 2,054 1.2% 2 0.2%
Accommodation / Food Service 65% 7,046 1.5% 2,471 1.4% *** ***
Other Services 65% 22,120 4.6% 7,687 4.3% 7 0.7%
TOTAL 
64% $484,037 100.0% $177,621 100.0% $962 100.0%
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 2003.
** Less than 0.05 of one percent.

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