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PensionRisk

Bakery & Confectionery Union Industry International Pension Fund vs National Electrical Benefit Fund (NEBF)

Side-by-side pension health comparison from DOL and public plan data

Bakery & Confectionery Union Industry International Pension Fund and National Electrical Benefit Fund (NEBF) are meaningfully apart on the LakeQuality pension-health rubric: Bakery & Confectionery Union Industry International Pension Fund grades D while National Electrical Benefit Fund (NEBF) grades A. Funding ratios: 42% vs 74%.

National Electrical Benefit Fund (NEBF) comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.

Verdict

National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 80/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 32.5 percentage points (74.3% vs 41.8%). National Electrical Benefit Fund (NEBF) covers 18,619 participants.

MetricBakery & Confectionery Union Industry International Pension FundNational Electrical Benefit Fund (NEBF)
Health Score
Composite of funding ratio, trend, and PBGC risk
45/100 (D)80/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
41.8%74.3%*
Total Assets$3.0B$1.5B
Total Liabilities$7.1B$2.0B*
Unfunded Liability$4.1B$523.2M*
Participants100,40218,619
1-Year Investment Return4.6%5.2%*
Plan Typemultiemployermultiemployer
PBGC Risk Levelcriticalmoderate
SponsorBCTGM International UnionIBEW & NECA

National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 80/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 32.5 percentage points (74.3% vs 41.8%). National Electrical Benefit Fund (NEBF) covers 18,619 participants.

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