Crane Company Retirement Income Plan (Frozen)
corporate plan · Crane Company · Huntington, WV
Funding History
What This Means for You
Crane Company Retirement Income Plan (Frozen) is in excellent financial health at 82% funded. This means for every dollar the plan owes in future benefits, it has 82 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 | $3.2B | $4.0B | 81.8% | $179.2M |
| 2024 | $3.1B | $3.8B | 80.8% | $207.8M |
| 2023 | $3.1B | $3.9B | 80.4% | $240.5M |
| 2022 | $2.8B | $3.7B | 76.2% | $177.0M |
| 2021 | $2.7B | $3.6B | 74.8% | $185.3M |
Frequently Asked Questions
Crane Company Retirement Income Plan (Frozen) is 82% funded, meaning it has 82 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Crane Company Retirement Income Plan (Frozen) has 9,173 total participants, including 4,299 active employees and 4,874 retirees currently receiving benefits.
Yes, Crane Company 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.