Operating Engineers Local 324 Pension Fund vs SEIU National Industry Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund (A) and SEIU National Industry Pension Fund (A) are close on the LakeQuality rubric. Funding ratios sit at 105% and 98% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to SEIU National Industry Pension Fund at 99/100 (A). Funding ratios differ by 7.4 percentage points (105.1% vs 97.7%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | SEIU National Industry Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 99/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 97.7% |
| Total Assets | $24.8B | $272.5M |
| Total Liabilities | $23.6B | $278.9M* |
| Unfunded Liability | $0* | $6.4M |
| Participants | 230,039 | 21,789 |
| 1-Year Investment Return | 5.7%* | 4.9% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | IUOE Local 324 | Service Employees International Union |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to SEIU National Industry Pension Fund at 99/100 (A). Funding ratios differ by 7.4 percentage points (105.1% vs 97.7%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
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