Kraft Heinz Company Pension Plan
corporate plan · Kraft Heinz Company · Peoria, IL
Funding History
What This Means for You
Kraft Heinz Company Pension Plan is 68% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $2.1B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. PBGC coverage provides a backstop, but benefits could be reduced to PBGC maximums in a worst-case scenario. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $4.4B | $6.5B | 67.7% | $210.6M |
| 2024 | $4.4B | $7.2B | 60.2% | $218.5M |
| 2023 | $4.2B | $6.1B | 68.2% | $272.6M |
| 2022 | $3.8B | $5.3B | 71.8% | $251.6M |
| 2021 | $3.7B | $5.4B | 68.3% | $257.2M |
Frequently Asked Questions
Kraft Heinz Company Pension Plan is 68% funded, meaning it has 68 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Kraft Heinz Company Pension Plan has 55,418 total participants, including 26,969 active employees and 28,449 retirees currently receiving benefits.
Yes, Kraft Heinz Company Pension Plan 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 "moderate."
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.