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PensionRisk

SEIU National Industry Pension Fund vs National Electrical Benefit Fund (NEBF)

Side-by-side pension health comparison from DOL and public plan data

SEIU National Industry Pension Fund (A) and National Electrical Benefit Fund (NEBF) (A) are close on the LakeQuality rubric. Funding ratios sit at 98% and 74% 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

SEIU National Industry Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to National Electrical Benefit Fund (NEBF) at 80/100 (A). Funding ratios differ by 23.5 percentage points (97.7% vs 74.3%). SEIU National Industry Pension Fund covers 21,789 participants.

MetricSEIU National Industry Pension FundNational Electrical Benefit Fund (NEBF)
Health Score
Composite of funding ratio, trend, and PBGC risk
99/100 (A)*80/100 (A)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
97.7%*74.3%
Total Assets$272.5M$1.5B
Total Liabilities$278.9M*$2.0B
Unfunded Liability$6.4M*$523.2M
Participants21,78918,619
1-Year Investment Return4.9%5.2%*
Plan Typemultiemployermultiemployer
PBGC Risk Levellowmoderate
SponsorService Employees International UnionIBEW & NECA

SEIU National Industry Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to National Electrical Benefit Fund (NEBF) at 80/100 (A). Funding ratios differ by 23.5 percentage points (97.7% vs 74.3%). SEIU National Industry Pension Fund covers 21,789 participants.

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