Table S-48
Funding of PBGC-Insured Plans by Industry (2003)
Single-Employer Program
| Industry |
Average Funding Ratio |
Total Liabilities * (in millions) |
Underfunding (in millions) |
Overfunding (in millions) |
| AGRICULTURE, MINING AND CONSTRUCTION |
79% |
$23,104 |
1.4% |
$5,371 |
1.7% |
$491 |
1.0% |
| MANUFACTURING |
84% |
872,500 |
53.7% |
159,235 |
50.9% |
19,624 |
40.9% |
| Chemical and Allied Products |
80% |
96,415 |
5.9% |
19,873 |
6.4% |
733 |
1.5% |
| Computer and Electronic Products |
95% |
99,543 |
6.1% |
12,959 |
4.1% |
8,098 |
16.9% |
| Electrical Equipment |
94% |
68,908 |
4.2% |
7,461 |
2.4% |
3,105 |
6.5% |
| Fabricated Metal Products |
75% |
24,094 |
1.5% |
6,188 |
2.0% |
277 |
0.5% |
| Food and Tobacco Products |
81% |
46,062 |
2.8% |
9,312 |
3.0% |
384 |
0.8% |
| Machinery |
81% |
42,455 |
2.6% |
8,723 |
2.8% |
552 |
1.1% |
| Motor Vehicle Equipment |
85% |
174,999 |
10.8% |
25,954 |
8.3% |
31 |
0.1% |
| Paper Manufacturing |
81% |
30,333 |
1.9% |
6,660 |
2.1% |
949 |
2.0% |
| Petroleum and Coal Products |
78% |
34,657 |
2.1% |
8,064 |
2.6% |
444 |
0.9% |
| Primary Metals |
76% |
35,975 |
2.2% |
9,639 |
3.1% |
835 |
1.7% |
| Other Manufacturing |
82% |
219,059 |
13.5% |
44,402 |
14.2% |
4,266 |
8.9% |
| TRANSPORTATION AND PUBLIC UTILITIES |
77% |
178,449 |
11.0% |
44,904 |
14.4% |
4,080 |
8.5% |
| Air Transportation |
60% |
59,151 |
3.6% |
23,582 |
7.5% |
38 |
0.1% |
| Other Transportation |
82% |
19,862 |
1.2% |
4,085 |
1.3% |
583 |
1.2% |
| Public Utilities |
86% |
99,436 |
6.1% |
17,237 |
5.5% |
3,459 |
7.2% |
| INFORMATION |
97% |
141,702 |
8.7% |
17,676 |
5.7% |
13,313 |
27.7% |
| WHOLESALE TRADE |
81% |
22,896 |
1.4% |
4,728 |
1.5% |
472 |
1.0% |
| RETAIL TRADE |
71% |
32,459 |
2.0% |
9,645 |
3.1% |
371 |
0.8% |
| FINANCE, INSURANCE AND REAL ESTATE |
87% |
153,771 |
9.5% |
26,208 |
8.4% |
5,771 |
12.0% |
| SERVICES |
79% |
182,622 |
11.3% |
41,688 |
13.3% |
3,462 |
7.2% |
| Health Care |
74% |
66,403 |
4.1% |
17,809 |
5.7% |
417 |
0.9% |
| Other Services |
82% |
116,526 |
7.2% |
23,879 |
7.6% |
3,044 |
6.3% |
| NON-PROFIT ORGANIZATIONS |
84% |
16,689 |
1.0% |
3,180 |
1.0% |
451 |
0.9% |
| TOTAL |
84% |
$1,624,499 |
100.0% |
$312,634 |
100.0% |
$48,036 |
100.0% |
Source: Internal Revenue Service Form 5500 Series Filings for single-employer
plans.
Due to rounding of individual items, percentages may not add up to 100 percent.
Industry classifications are now based on principal business activity codes 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 2003.
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