Updated May 2026 · DOL Form 5500 + PBGC
Terminated Plans
Plans that have been wound down. Assets have been distributed or transferred to PBGC for benefit guarantees.
0 terminated plans tracked, covering 0 active and retired participants with an average funding ratio of 0.0% at termination. Some have transferred to PBGC trusteeship; others have wound down through annuity purchases.
Terminated pension plans have closed out new accruals and are winding down. 0 plans hold this status.
Plan status affects participant decisions: an active plan is still building benefits; a frozen plan is paying out what was already earned; a terminated or critical plan signals heightened benefit-modification risk.
What "Terminated" Means in Practice
A terminated plan has been wound down. Assets are typically distributed through annuity purchases or, for corporate single-employer plans that terminated underfunded, transferred to PBGC, which assumes responsibility for paying benefits up to the statutory annual maximum. PBGC publishes its own list of trusteed plans at pbgc.gov.
The 0 listed plans report no aggregate unfunded liability — assets meet or exceed accrued obligations at each plan's assumed discount rate. Status data comes from DOL EBSA Form 5500 datasets and PBGC publications.
Status designations can change between valuation cycles. A plan that emerges from critical status through a Rehabilitation Plan moves out of this list; a plan that freezes new accruals during the year shows up under Frozen at the next reporting cycle. Public plan status data — for plans not subject to ERISA — comes from the Public Plans Database compilation of each system's ACFR.
Plans Currently Listed
| # | Plan Name | Type | State | Participants | Funding Ratio | Unfunded Gap | Grade |
|---|
How Status Is Determined
For ERISA-covered private and multiemployer plans, status flags come directly from the plan's Form 5500 filing, with PBGC publishing supplemental data for plans in at-risk or critical status. For terminated plans, PBGC publishes a list of trusteed plans separately. For public plans, status comes from each system's ACFR. The Pension Health Score on this page combines funding ratio (50%), 3-year funding trend (30%), and PBGC risk (20%) — see the methodology.
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Frequently Asked Questions
What does "Terminated" status mean?
Plans that have been wound down. Assets have been distributed or transferred to PBGC for benefit guarantees. A terminated plan has been wound down. Assets are typically distributed through annuity purchases or, for corporate single-employer plans that terminated underfunded, transferred to PBGC, which assumes responsibility for paying benefits up to the statutory annual maximum. PBGC publishes its own list of trusteed plans at pbgc.gov.
How many terminated plans are there?
PensionRisk currently tracks 0 terminated plans, with the top 0 listed below by participant count and unfunded liability.
What happens to my benefit if my plan is terminated?
For corporate single-employer plans that terminate underfunded, PBGC assumes the plan and pays guaranteed benefits up to the statutory annual maximum, which varies by retirement age. Standard terminations (sufficient assets) wind down through annuity purchases. Public plan terminations are rare and governed by state law.
Where does this status data come from?
Plan status designations come from DOL EBSA Form 5500 filings (Schedule SB or MB), PBGC publications for trusteed terminated plans and the agency's at-risk designations, and the Boston College Public Plans Database for state and municipal plans. The current dataset reflects filings available as of May 2026.
Is this investment advice?
No. PensionRisk is a data and education site. We explain plan status designations and what they mean for participants, but we do not recommend specific investment actions, predict whether plans will recover, or advise on lump-sum-vs-annuity decisions. For plan-specific concerns, review your most recent Annual Funding Notice and consult a fee-only fiduciary advisor.
0 terminated plans tracked, covering 0 active and retired participants with an average funding ratio of 0.0% at termination. Some have transferred to PBGC trusteeship; others have wound down through annuity purchases.