Hexcel Corporation Retirement Income Plan (Frozen)
corporate plan · Hexcel Corporation · Tallahassee, FL
Funding History
What This Means for You
Hexcel Corporation Retirement Income Plan (Frozen) is in excellent financial health at 92% funded. This means for every dollar the plan owes in future benefits, it has 92 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 | $801.6M | $869.6M | 92.2% | $52.0M |
| 2024 | $787.9M | $913.0M | 86.3% | $47.8M |
| 2023 | $741.4M | $775.5M | 95.6% | $56.7M |
| 2022 | $722.2M | $846.6M | 85.3% | $49.5M |
| 2021 | $684.8M | $778.1M | 88.0% | $51.4M |
Frequently Asked Questions
Hexcel Corporation Retirement Income Plan (Frozen) is 92% funded, meaning it has 92 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Hexcel Corporation Retirement Income Plan (Frozen) has 15,526 total participants, including 10,062 active employees and 5,464 retirees currently receiving benefits.
Yes, Hexcel 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.