Worthington Industries Employees Pension Plan
corporate plan · Worthington Industries · New York City, NY
Funding History
What This Means for You
Worthington Industries Employees Pension Plan is in excellent financial health at 89% funded. This means for every dollar the plan owes in future benefits, it has 89 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 | $4.2B | $4.7B | 88.9% | $334.9M |
| 2024 | $4.0B | $4.5B | 88.4% | $270.4M |
| 2023 | $3.8B | $4.2B | 90.2% | $319.9M |
| 2022 | $3.7B | $4.2B | 88.1% | $263.0M |
| 2021 | $3.6B | $4.4B | 82.5% | $264.6M |
Frequently Asked Questions
Worthington Industries Employees Pension Plan is 89% funded, meaning it has 89 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Worthington Industries Employees Pension Plan has 15,767 total participants, including 6,915 active employees and 8,852 retirees currently receiving benefits.
Yes, Worthington Industries 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.