Roofers Local 364 Pension Trust
multiemployer plan · Roofers Local 364 · Nampa, ID
Funding History
What This Means for You
Roofers Local 364 Pension Trust is significantly underfunded at 46%, with $1.3B in unfunded liabilities affecting 3,710 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 | $1.1B | $2.4B | 45.5% | $43.4M |
| 2024 | $1.1B | $2.2B | 48.3% | $42.2M |
| 2023 | $1.0B | $2.1B | 48.4% | $41.0M |
| 2022 | $988.7M | $2.2B | 44.5% | $37.8M |
| 2021 | $899.8M | $1.7B | 52.1% | $39.4M |
Frequently Asked Questions
Roofers Local 364 Pension Trust is 46% funded, meaning it has 46 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Roofers Local 364 Pension Trust has 3,710 total participants, including 2,110 active employees and 1,600 retirees currently receiving benefits.
Yes, Roofers Local 364 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.