Sherwin-Williams Employees Pension Plan
corporate plan · Sherwin-Williams · Jackson, MS
Funding History
What This Means for You
Sherwin-Williams Employees Pension Plan is 60% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $516.3M 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 | $774.0M | $1.3B | 60.0% | $25.2M |
| 2024 | $766.9M | $1.2B | 63.2% | $26.8M |
| 2023 | $709.6M | $1.2B | 58.9% | $29.3M |
| 2022 | $667.5M | $1.0B | 64.9% | $28.6M |
| 2021 | $656.9M | $1.1B | 59.9% | $28.5M |
Frequently Asked Questions
Sherwin-Williams Employees Pension Plan is 60% funded, meaning it has 60 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Sherwin-Williams Employees Pension Plan has 7,983 total participants, including 3,360 active employees and 4,623 retirees currently receiving benefits.
Yes, Sherwin-Williams 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 "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.