Operating Engineers Local 324 Pension Fund vs Bakery & Confectionery Union Industry International Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund and Bakery & Confectionery Union Industry International Pension Fund are meaningfully apart on the LakeQuality pension-health rubric: Operating Engineers Local 324 Pension Fund grades A while Bakery & Confectionery Union Industry International Pension Fund grades D. Funding ratios: 105% vs 42%.
Operating Engineers Local 324 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
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 63.3 percentage points (105.1% vs 41.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | Bakery & Confectionery Union Industry International Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 45/100 (D) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 41.8% |
| Total Assets | $24.8B | $3.0B |
| Total Liabilities | $23.6B | $7.1B* |
| Unfunded Liability | $0* | $4.1B |
| Participants | 230,039 | 100,402 |
| 1-Year Investment Return | 5.7%* | 4.6% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | critical |
| Sponsor | IUOE Local 324 | BCTGM International Union |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 63.3 percentage points (105.1% vs 41.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
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