Bricklayers Local 335 Pension Trust
multiemployer plan · Bricklayers Local 335 · Meridian, ID
Funding History
What This Means for You
Bricklayers Local 335 Pension Trust is significantly underfunded at 60%, with $1.3B in unfunded liabilities affecting 4,753 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.0B | $3.3B | 59.9% | $92.0M |
| 2024 | $1.9B | $3.2B | 58.1% | $88.2M |
| 2023 | $1.9B | $3.0B | 62.7% | $103.8M |
| 2022 | $1.7B | $3.1B | 54.8% | $101.3M |
| 2021 | $1.7B | $2.5B | 67.8% | $112.2M |
Frequently Asked Questions
Bricklayers Local 335 Pension Trust is 60% funded, meaning it has 60 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Bricklayers Local 335 Pension Trust has 4,753 total participants, including 2,660 active employees and 2,093 retirees currently receiving benefits.
Yes, Bricklayers Local 335 Pension Trust 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 "high."
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.