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PensionRisk

Bakery & Confectionery Union Industry International Pension Fund vs SEIU National Industry Pension Fund

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

Bakery & Confectionery Union Industry International Pension Fund and SEIU National Industry Pension Fund are meaningfully apart on the LakeQuality pension-health rubric: Bakery & Confectionery Union Industry International Pension Fund grades D while SEIU National Industry Pension Fund grades A. Funding ratios: 42% vs 98%.

SEIU National Industry Pension Fund 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

SEIU National Industry Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 55.9 percentage points (97.7% vs 41.8%). SEIU National Industry Pension Fund covers 21,789 participants.

MetricBakery & Confectionery Union Industry International Pension FundSEIU National Industry Pension Fund
Health Score
Composite of funding ratio, trend, and PBGC risk
45/100 (D)99/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
41.8%97.7%*
Total Assets$3.0B$272.5M
Total Liabilities$7.1B$278.9M*
Unfunded Liability$4.1B$6.4M*
Participants100,40221,789
1-Year Investment Return4.6%4.9%*
Plan Typemultiemployermultiemployer
PBGC Risk Levelcriticallow
SponsorBCTGM International UnionService Employees International Union

SEIU National Industry Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 55.9 percentage points (97.7% vs 41.8%). SEIU National Industry Pension Fund covers 21,789 participants.

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