Operating Engineers Local 324 Pension Fund vs International Brotherhood of Boilermakers National Pension Trust
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund and International Brotherhood of Boilermakers National Pension Trust are meaningfully apart on the LakeQuality pension-health rubric: Operating Engineers Local 324 Pension Fund grades A while International Brotherhood of Boilermakers National Pension Trust grades B. Funding ratios: 105% vs 71%.
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 International Brotherhood of Boilermakers National Pension Trust at 79/100 (B). Funding ratios differ by 33.7 percentage points (105.1% vs 71.4%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | International Brotherhood of Boilermakers National Pension Trust |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 79/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 71.4% |
| Total Assets | $24.8B | $139.8M |
| Total Liabilities | $23.6B | $195.7M* |
| Unfunded Liability | $0* | $55.9M |
| Participants | 230,039 | 729 |
| 1-Year Investment Return | 5.7%* | 5.5% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | moderate |
| Sponsor | IUOE Local 324 | Boilermakers Union |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to International Brotherhood of Boilermakers National Pension Trust at 79/100 (B). Funding ratios differ by 33.7 percentage points (105.1% vs 71.4%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
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