Plumbers & Pipefitters National Pension Fund vs National Electrical Benefit Fund (NEBF)
Side-by-side pension health comparison from DOL and public plan data
Plumbers & Pipefitters National Pension Fund and National Electrical Benefit Fund (NEBF) are meaningfully apart on the LakeQuality pension-health rubric: Plumbers & Pipefitters National Pension Fund grades C while National Electrical Benefit Fund (NEBF) grades A. Funding ratios: 64% vs 74%.
National Electrical Benefit Fund (NEBF) 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
National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 80/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 10.2 percentage points (74.3% vs 64.1%). National Electrical Benefit Fund (NEBF) covers 18,619 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | National Electrical Benefit Fund (NEBF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 80/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 74.3%* |
| Total Assets | $21.0B | $1.5B |
| Total Liabilities | $32.8B | $2.0B* |
| Unfunded Liability | $11.8B | $523.2M* |
| Participants | 430,000 | 18,619 |
| 1-Year Investment Return | 5.5%* | 5.2% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | high | moderate |
| Sponsor | United Association (UA) | IBEW & NECA |
National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 80/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 10.2 percentage points (74.3% vs 64.1%). National Electrical Benefit Fund (NEBF) covers 18,619 participants.
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