A.O. Smith Corporation Retirement Income Plan (Frozen)
corporate plan · A.O. Smith Corporation · Frankfort, KY
Funding History
What This Means for You
A.O. Smith Corporation Retirement Income Plan (Frozen) is in good financial health at 81% funded. This means for every dollar the plan owes in future benefits, it has 81 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $3.3B | $4.1B | 80.8% | $124.0M |
| 2024 | $3.2B | $3.8B | 84.9% | $122.7M |
| 2023 | $3.0B | $3.5B | 87.7% | $96.7M |
| 2022 | $3.0B | $3.9B | 76.6% | $107.1M |
| 2021 | $2.8B | $3.4B | 82.0% | $92.1M |
Frequently Asked Questions
A.O. Smith Corporation Retirement Income Plan (Frozen) is 81% funded, meaning it has 81 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
A.O. Smith Corporation Retirement Income Plan (Frozen) has 29,690 total participants, including 16,755 active employees and 12,935 retirees currently receiving benefits.
Yes, A.O. Smith Corporation Retirement Income Plan (Frozen) is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "low."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.