Sheet Metal Workers National Pension Fund vs Boeing Company Employee Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and Boeing Company Employee Retirement Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 83% and 92% 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
Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 9.4 percentage points (92.0% vs 82.6%). Boeing Company Employee Retirement Plan covers 118,601 participants.
| Metric | Sheet Metal Workers National Pension Fund | Boeing Company Employee Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 91/100 (A) | 96/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.6% | 92.0%* |
| Total Assets | $7.5B | $25.0B |
| Total Liabilities | $9.1B* | $27.2B |
| Unfunded Liability | $1.6B* | $2.2B |
| Participants | 148,965 | 118,601 |
| 1-Year Investment Return | 5.3% | 6.7%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | low | low |
| Sponsor | Sheet Metal Workers International Association | Boeing Company |
Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 9.4 percentage points (92.0% vs 82.6%). Boeing Company Employee Retirement Plan covers 118,601 participants.
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