Operating Engineers Local 324 Pension Fund vs National Electrical Benefit Fund (NEBF)
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund and National Electrical Benefit Fund (NEBF) are meaningfully apart on the LakeQuality pension-health rubric: Operating Engineers Local 324 Pension Fund grades A while National Electrical Benefit Fund (NEBF) grades A. Funding ratios: 105% vs 74%.
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 National Electrical Benefit Fund (NEBF) at 80/100 (A). Funding ratios differ by 30.9 percentage points (105.1% vs 74.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | National Electrical Benefit Fund (NEBF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 80/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 74.3% |
| Total Assets | $24.8B | $1.5B |
| Total Liabilities | $23.6B | $2.0B* |
| Unfunded Liability | $0* | $523.2M |
| Participants | 230,039 | 18,619 |
| 1-Year Investment Return | 5.7%* | 5.2% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | moderate |
| Sponsor | IUOE Local 324 | IBEW & NECA |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to National Electrical Benefit Fund (NEBF) at 80/100 (A). Funding ratios differ by 30.9 percentage points (105.1% vs 74.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
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