Multiemployer Pension Plans

Union-negotiated pension plans covering workers across multiple companies in the same industry.

Plans

2,666,000

Participants

51.1%

Avg Funding

#	Plan Name	State	Participants	Funding Ratio	Unfunded Gap	Grade
1	National Electrical Benefit Fund (NEBF) IBEW & NECA	DC	595,000	55.1%	$11.4B	C
2	Western Conference of Teamsters Pension Trust Teamsters Western Conference	WA	590,000	81.9%	$10.2B	B
3	Plumbers & Pipefitters National Pension Fund United Association (UA)	DC	430,000	64.1%	$11.8B	C
4	Central States, Southeast & Southwest Areas Pension Fund Teamsters Central States	IL	380,000	22.0%	$33.7B	F
5	Sheet Metal Workers National Pension Fund Sheet Metal Workers International Association	VA	165,000	57.8%	$7.2B	C
6	SEIU National Industry Pension Fund Service Employees International Union	DC	112,000	48.2%	$4.3B	D
7	Laborers National (Industrial) Pension Fund LIUNA	DC	108,000	58.2%	$4.7B	C
8	United Mine Workers of America 1974 Pension Plan UMWA	DC	82,000	52.2%	$3.5B	C
9	Bakery & Confectionery Union Industry International Pension Fund BCTGM International Union	MD	67,000	38.1%	$4.5B	D
10	UFCW International Union Industry Pension Fund UFCW International	DC	46,000	42.1%	$2.8B	D
11	International Brotherhood of Boilermakers National Pension Trust Boilermakers Union	KS	34,000	62.1%	$1.5B	C
12	New York State Teamsters Conference Pension & Retirement Fund NY Teamsters Conference	NY	27,000	34.8%	$3.4B	D
13	Operating Engineers Local 324 Pension Fund IUOE Local 324	MI	16,500	68.2%	$1.0B	B
14	Teamsters Local 710 Pension Fund Teamsters Local 710	IL	13,500	30.1%	$1.5B	F

Frequently Asked Questions

What is a multiemployer pension pension plan?

Union-negotiated pension plans covering workers across multiple companies in the same industry.

How many multiemployer pension plans are there?

We track 14 multiemployer pension plans covering 2,666,000 participants.

What is the average funding ratio for multiemployer pension plans?

The average funding ratio is 51.1%. Plans above 80% are generally considered healthy.