Iowa Public Employees Retirement System (IPERS) vs Operating Engineers Local 324 Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 20.3 percentage points (105.1% vs 84.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Iowa Public Employees Retirement System (IPERS) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 84.8% | 105.1%* |
| Total Assets | $35.5B | $24.8B |
| Total Liabilities | $41.9B | $23.6B* |
| Unfunded Liability | $6.4B | $0* |
| Participants | 372,000 | 230,039 |
| 1-Year Investment Return | 6.4%* | 5.7% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | State of Iowa | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 20.3 percentage points (105.1% vs 84.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.