Plumbers & Pipefitters National Pension Fund vs Raytheon Company Pension Plan for Salaried Employees
Side-by-side pension health comparison from DOL and public plan data
Plumbers & Pipefitters National Pension Fund and Raytheon Company Pension Plan for Salaried Employees are meaningfully apart on the LakeQuality pension-health rubric: Plumbers & Pipefitters National Pension Fund grades C while Raytheon Company Pension Plan for Salaried Employees grades A. Funding ratios: 64% vs 106%.
Raytheon Company Pension Plan for Salaried Employees 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
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 42.0 percentage points (106.1% vs 64.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | Raytheon Company Pension Plan for Salaried Employees |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 106.1%* |
| Total Assets | $21.0B | $43.8B |
| Total Liabilities | $32.8B* | $41.3B |
| Unfunded Liability | $11.8B | $0* |
| Participants | 430,000 | 288,395 |
| 1-Year Investment Return | 5.5% | 7.3%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | high | low |
| Sponsor | United Association (UA) | RTX Corporation |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 42.0 percentage points (106.1% vs 64.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.