Plumbers & Pipefitters National Pension Fund vs General Motors Hourly-Rate Employees Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Verdict
General Motors Hourly-Rate Employees Pension Plan has a stronger Pension Health Score of 78/100 (B) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 16.0 percentage points (80.1% vs 64.1%). General Motors Hourly-Rate Employees Pension Plan covers 302,000 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | General Motors Hourly-Rate Employees Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 78/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 80.1%* |
| Total Assets | $21.0B | $66.5B |
| Total Liabilities | $32.8B* | $83.0B |
| Unfunded Liability | $11.8B* | $16.5B |
| Participants | 430,000 | 302,000 |
| 1-Year Investment Return | 5.5% | 7.2%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | high | low |
| Sponsor | United Association (UA) | General Motors |
General Motors Hourly-Rate Employees Pension Plan has a stronger Pension Health Score of 78/100 (B) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 16.0 percentage points (80.1% vs 64.1%). General Motors Hourly-Rate Employees Pension Plan covers 302,000 participants.