Plumbers & Pipefitters National Pension Fund vs Bakery & Confectionery Union Industry International Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Plumbers & Pipefitters National Pension Fund (C) and Bakery & Confectionery Union Industry International Pension Fund (D) are close on the LakeQuality rubric. Funding ratios sit at 64% and 42% 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
Plumbers & Pipefitters National Pension Fund has a stronger Pension Health Score of 56/100 (C) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 22.3 percentage points (64.1% vs 41.8%). Plumbers & Pipefitters National Pension Fund covers 430,000 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | Bakery & Confectionery Union Industry International Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C)* | 45/100 (D) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1%* | 41.8% |
| Total Assets | $21.0B | $3.0B |
| Total Liabilities | $32.8B | $7.1B* |
| Unfunded Liability | $11.8B | $4.1B* |
| Participants | 430,000 | 100,402 |
| 1-Year Investment Return | 5.5%* | 4.6% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | high | critical |
| Sponsor | United Association (UA) | BCTGM International Union |
Plumbers & Pipefitters National Pension Fund has a stronger Pension Health Score of 56/100 (C) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 22.3 percentage points (64.1% vs 41.8%). Plumbers & Pipefitters National Pension Fund covers 430,000 participants.
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