Plumbers & Pipefitters National Pension Fund vs Laborers National (Industrial) Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Plumbers & Pipefitters National Pension Fund and Laborers National (Industrial) Pension Fund are meaningfully apart on the LakeQuality pension-health rubric: Plumbers & Pipefitters National Pension Fund grades C while Laborers National (Industrial) Pension Fund grades A. Funding ratios: 64% vs 99%.
Laborers National (Industrial) 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
Laborers National (Industrial) Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 34.5 percentage points (98.6% vs 64.1%). Laborers National (Industrial) Pension Fund covers 44,923 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | Laborers National (Industrial) Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 99/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 98.6%* |
| Total Assets | $21.0B | $4.9B |
| Total Liabilities | $32.8B | $5.0B* |
| Unfunded Liability | $11.8B | $71.8M* |
| Participants | 430,000 | 44,923 |
| 1-Year Investment Return | 5.5%* | 5.3% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | high | low |
| Sponsor | United Association (UA) | LIUNA |
Laborers National (Industrial) Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 34.5 percentage points (98.6% vs 64.1%). Laborers National (Industrial) Pension Fund covers 44,923 participants.
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