RBC Bearings Employees Pension Plan
corporate plan · RBC Bearings · Greenville, SC
Funding History
What This Means for You
RBC Bearings Employees Pension Plan is in good financial health at 90% funded. This means for every dollar the plan owes in future benefits, it has 90 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 | $4.0B | $4.5B | 90.1% | $171.2M |
| 2024 | $3.8B | $4.5B | 84.7% | $210.2M |
| 2023 | $3.8B | $4.2B | 90.3% | $166.9M |
| 2022 | $3.6B | $4.2B | 87.3% | $208.3M |
| 2021 | $3.3B | $3.6B | 92.2% | $205.3M |
Frequently Asked Questions
RBC Bearings Employees Pension Plan is 90% funded, meaning it has 90 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
RBC Bearings Employees Pension Plan has 32,113 total participants, including 15,982 active employees and 16,131 retirees currently receiving benefits.
Yes, RBC Bearings Employees 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 "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.