2020 Pension Insurance Data Tables 

PENSION INSURANCE DATA TABLE LISTING 

 

 

Overview 

PBGC Pension Data at a Glance 

Prior Year's Data Tables 

Supplemental Reports for PBGC's Single-Employer & Multiemployer Programs 

Analysis of Single-Employer Pension Plan Partial Risk Transfers (October 2020) 

Benefit Provisions in Multiemployer Defined Benefit Pension Plans (October 2020) 

2017 Multiemployer Administrative Expense Supplement 

PBGC's Single-Employer Guarantee Outcomes (May 2019) 

Orphan and Inactive Participants in Multiemployer Plans, 2015 Plan Year Reporting (August 2019) 

PBGC's Single-Employer Program 

Summary Tables 

S-1 Net Financial Position (1980-2021) 

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2021) 

Claims Tables 

S-3 PBGC Terminations and Claims (1975-2020) 

S-4 PBGC Claims (1975-2020) 

S-5 Top 10 Firms Presenting Claims (1975-2020) 

S-6 PBGC Trusteed Terminations by Fiscal Year and Claim Size (1975-2020) 

S-7 PBGC Claims by Fiscal Year and Claim Size (1975-2020) 

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2020) 

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2020) 

S-10 PBGC Trusteed Plans by Claim Size and Funded Ratio (1975-2020) 

S-11 PBGC Claims by Size of Claim and Funded Ratio (1975-2020) 

S-12 Average Claim per Vested Participant by Plan Size (1975-2020) 

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2020) 

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2020) 

S-15 PBGC Trusteed Plans by Claim Size and Plan Size (1975-2020) 

S-16 PBGC Claims by Claim Size and Plan Size (1975-2020) 

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2020) 

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2020) 

S-19 PBGC Claims by Industry (1975-2020) 

Guaranteed Payments Tables 

S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2020) 

S-21 PBGC Payees and Benefit Payments by Year of Plan Termination (Fiscal Year 2020) 

S-22 PBGC Payees and Benefit Payments by Trusteed Plan Size (Fiscal Year 2020) 

S-23 Total PBGC Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2020) 

S-24 PBGC Retired Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2020) 

S-25 PBGC Beneficiary Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2020) 

S-26 Total PBGC Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2020) 

S-27 PBGC Retired Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2020) 

S-28 PBGC Beneficiary Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2020) 

S-29 PBGC Payees and Benefit Payments by Industry (Fiscal Year 2020) 

Covered Plan Information Tables 

S-30 PBGC-Insured Plan Participants (1980-2021) 

S-31 PBGC-Insured Plans (1980-2021) 

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2019) 

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and Salary Workers (1980-2019) 

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2019) 

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2019) 

S-36 PBGC-Insured Plans by Status of Benefit Accruals and Participation Freeze (2008-2019) 

S-37 Active Participants in PBGC-Insured Plans by Status of Benefit Accruals and Whether a Plan is Open to New Entrants (2008-2019) 

2020 Data Tables 
2020 Pension Insurance Data Tables 

PENSION INSURANCE DATA TABLE LISTING 

 

 

Premium Tables 

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2019) 

S-39 PBGC's Historical Premium Rates (1974-2023) 

S-40 PBGC Premium Revenue (1980-2021) 

S-41 PBGC Premium Revenue by Plan Size and Premium Type (2019) 

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2019) 

S-43 PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2019) 

Covered Plan Information Tables 

S-44 Aggregate Funding of PBGC-Insured Plans (1980-2019) 

S-45 Aggregate Funding of Underfunded PBGC-Insured Plans (1980-2019) 

S-46 Aggregate Funding of Overfunded PBGC-Insured Plans (1980-2019) 

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2019) 

S-48 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2019) 

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2020) 

S-50 Funding of PBGC-Insured Plans by Industry (2019) 

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2019) 

Summary Tables 

S-52 PBGC Pension Data by Region and State (2020) 

S-53 PBGC Maximum Guaranteed Benefits (1990-2023) 

Covered Plan Information Tables 

S-54 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans (2015-2020 Premium Reporting) 

S-55 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size (2019/2020 Premium Reporting) 

S-56 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size - Hard Frozen Plans 

(2019/2020 Premium Reporting) 

S-57 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size - Plans with No Benefit Accrual

 or Participation Freeze (2019/2020 Premium Reporting) 

S-58 Estimated Partial Risk Transfer Activity in PBGC-Insured Plans by Industry (2019/2020 Premium Reporting) 

S-59 Estimated Cumulative Partial Risk Transfer Activity in PBGC-Insured Plans (2016-2020 Premium Reporting) 

PBGC's Multiemployer Program 

Summary Tables 

M-1 Net Financial Position (1980-2021) 

M-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2021) 

Guarantee Payments Tables 

M-3 PBGC Payees and Benefit Payments (Pre-MPPAA Plans, 1980-2020) 

M-4 PBGC Financial Assistance to Insolvent Plans (Post-MPPAA Plans, 1981-2020) 

Covered Plan Information Tables 

M-5 PBGC-Insured Plan Participants (1980-2021) 

M-6 PBGC-Insured Plans (1980-2021) 

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2019) 

M-8 PBGC-Insured Plans and Participants by Industry (2019) 

M-9 Aggregate Funding of PBGC-Insured Plans (1980-2019) 

M-10 Aggregate Funding of Underfunded PBGC-Insured Plans (1980-2019) 

M-11 Aggregate Funding of Overfunded PBGC-Insured Plans (1980-2019) 

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2019) 

M-13 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2019) 

M-14 Funding of PBGC-Insured Plans by Industry (2019) 

Summary Tables 

M-15 PBGC Maximum Guaranteed Benefits (1980-2023) 

M-16 PBGC's Historical Premium Rates (1974-2023) 

Covered Plan Information Tables - Multiemployer Supplement 

M-17 Participants by Plan Zone Status and Participant Status (2009-2019) 

M-18 Plans by Plan Zone Status (2009-2019) 

M-19 Administrative Expenses per Participant by Industry and Zone (2009-2019) 

M-20 Administrative Expenses as a Percent of Benefits Paid by Industry and Zone (2009-2019) 

2020 Data Tables 
 

 

2020 Pension Insurance Data Tables 

OVERVIEW 

The Pension Benefit Guaranty Corporation (PBGC) was established by the Employee Retirement Income Security Act of 

1974 (ERISA) to ensure that participants in defined benefit pension plans receive their pensions if their plans terminate 

without sufficient assets to pay promised benefits. The PBGC administers separate insurance programs to protect 

participants in single-employer and multiemployer plans. 

The PBGC has annually published Pension Insurance Data Books and Tables since 1996 to present detailed statistics on 

PBGC-insured single-employer and multiemployer defined benefit plans which include various breakdowns of PBGC 

claims, guaranteed benefit payments, and summaries of PBGC operations. They also include various breakdowns of the 

number of PBGC-insured defined benefit plans, number of plan participants, hybrid plans, frozen plans, premium 

revenue, plan funding, and risk transfer activity. Some of the breakdowns are by industry, location, plan size, and plan 

funded status. The information, which sometimes goes back as far as 1975, is one of the most comprehensive and 

valuable sources of information on employer-sponsored defined benefit plans available to the public. 

The information shown in the Pension Data Tables provides current and historical information that allows the reader to 

identify trends in PBGC-insured defined benefit plans and is commonly used for research and to inform policy makers 

involved with new retirement legislation. The data tables are used by policy makers, academia, plan sponsors, and 

professionals. 

Current and prior years’ collection of Data Tables are available on the PBGC’s website at: 

www.pbgc.gov/prac/data-books.html 

Note that any references to Fiscal Year in the data tables are associated with PBGC's fiscal year from October 1 through 

September 30, unless otherwise noted. 

Major Data Sources and Availability 

There are three major data sources used for the PBGC Data Tables – Form 5500 filings, PBGC Premium filings and the 

PBGC itself for operational data. Due to the differing availability of source data, which is outlined below, and to provide the 

most recent data whenever possible, each data table may have different end years. 

- Form 5500 filings are due by the last day of the 7th month after the plan year ends. If a filing extension is requested,

 this due date is extended 21⁄2 months. 

- PBGC Premium filings are due by the 15th day of the 10th full calendar month in the plan year. 

- PBGC operational data (financial and benefit payment) is generally available at the end of PBGC’s fiscal year. 

2020 Data Tables 
 

 

 

 

 

 

 

 

-

PBGC DATA BOOK AT A GLANCE 

Revised 12/20/2023 

Single Employer Multiemployer Combined 

Program Program Programs 

($ in millions) ($ in millions) ($ in millions) 

Fiscal Year 2020: 

Net Financial Position $15,478 ($63,749) ($48,271) 

Total Assets $143,472 $3,144 $146,616 

Total Liabilities $127,994 $66,893 $194,887 

Premium Revenue1 $5,663 $322 $5,985 

Number of Insured Plans 23,198 1,369 24,567 

Number of Insured Participants 23.5 million 10.9 million 34.3 million 

Change in number of plans Trusteed or Pending Trusteeship2 66 N/A 66 

Change in Claims3 

Total Number of Payees 

$1,738 N/A $1,738 

Paid Directly 988,144 14 988,158 

Paid Indirectly Through Financial Assistance 

Total Benefit Payments 

N/A 79,600 79,600 

Paid Directly to Payees $6,126 4 --- $6,126 

Financial Assistance Granted5 N/A $173 $173 

Number of Plans Receiving Financial Assistance5 N/A 95 95 

Fiscal Years 1975-2020 

Plans Trusteed or Pending Trusteeship 5,031 10 5,041 

Amount of Claims3 $54,308 $31 $54,339 

Number of Plans Receiving Financial Assistance N/A 124 124 

Total Amount of Financial Assistance Granted N/A $1,808 $1,808 

1 Beginning in FY 2009, PBGC started to report premium income net of bad debt expense for premium, interest, and penalties. 

2 In FY 2014, this item was renamed to more accurately reflect the figure presented. It was previously referred to as "New Plans Trusteed or Pending Trusteeship". 

3 For purposes of this chart, claims are defined to include the excess of liabilities over assets without regard to recoveries from plan sponsors. 

4 Less than $500,000. 

5 Includes one plan and payments made due to PBGC's first facilitated merger under MPRA. 

Sources: PBGC Pension Insurance Data Book Tables S-1, S-2, S-3, S-20, S-21, S-30, S-31, M-1, M-2, M-3, M-4, M-5 and M-6. 

Notes: 

- Due to rounding of individual items, numbers may not add up exactly across columns. 

2020 Data Tables 
1995 

2000 

2005 

2010 

2015 

2020 

-

Table S-1 

Net Financial Position (1980-2021) 

PBGC SINGLE EMPLOYER PROGRAM 

Assets Liabilities Fiscal Year ($ millions) ($ millions)

 Net Position 

($ millions) 

1980 $430 $524 

1985 $1,155 $2,480 

1990 $2,797 $4,710 

$10,371 $10,686 

1996 $12,043 $11,174 

1997 $15,314 $11,833 

1998 $17,631 $12,619 

1999 $18,431 $11,393 

$20,830 $11,126 

2001 $21,768 $14,036 

2002 $25,430 $29,068 

2003 $34,016 $45,254 

2004 $38,993 $62,298 

$56,470 $79,246 

2006 $59,972 $78,114 

2007 $67,241 $80,352 

2008 $64,612 $75,290 

2009 $68,736 $89,813 

$77,463 $99,057 

2011 $78,960 $102,226 

2012 $82,973 $112,115 

2013 $83,227 $110,608 

2014 $88,013 $107,351 

$85,735 $109,800 

2016 $97,342 $117,922 

2017 $106,196 $117,110 

2018 $109,941 $107,502 

2019 $128,068 $119,412 

$143,472 $127,994 

2021 $150,692 $119,755 

($95) 

($1,325) 

($1,913) 

($315) 

$869 

$3,481 

$5,012 

$7,038 

$9,704 

$7,732 

($3,638) 

($11,238) 

($23,305) 

($22,776) 

($18,142) 

($13,111) 

($10,678) 

($21,077) 

($21,594) 

($23,266) 

($29,142) 

($27,381) 

($19,338) 

($24,065) 

($20,580) 

($10,914) 

$2,439 

$8,656 

$15,478 

$30,937 

Source: PBGC Annual Reports 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-2 

PBGC Premium Revenue, Benefit Payments,

and Expenses (1980-2021) 

Total Administrative & Premiums Less Benefit Premium Investment Benefits Paid Fiscal Year Payments Revenue Expenses and Expenses ($ millions) ($ millions) ($ millions) ($ millions) 

1980 $71 $37 $20 $14 

1985 $82 $170 $33 ($121) 

1990 $659 $369 $63 $227 

1995 $838 $761 $138 ($61) 

1996 $1,146 $790 $150 $206 

1997 $1,067 $823 $155 $89 

1998 $966 $847 $158 ($39) 

1999 $902 $901 $161 ($160) 

2000 $807 $902 $167 ($262) 

2001 $821 $1,042 $184 ($405) 

2002 $787 $1,537 $225 ($975) 

2003 $948 $2,488 $290 ($1,830) 

2004 $1,458 $3,006 $288 ($1,836) 

2005 $1,451 $3,685 $342 ($2,576) 

2006 $1,442 $4,082 $405 ($3,045) 

2007 $1,476 $4,266 $378 ($3,168) 

2008 $1,340 $4,292 $400 ($3,352)

 2009* $1,822 $4,478 $417 ($3,073) 

2010 $2,231 $5,467 $449 ($3,685) 

2011 $2,072 $5,340 $424 ($3,692) 

2012 $2,642 $5,384 $443 ($3,185) 

2013 $2,943 $5,449 $434 ($2,940) 

2014 $3,812 $5,522 $464 ($2,174) 

2015 $4,138 $5,570 $446 ($1,878) 

2016 $6,379 $5,659 $465 $255 

2017 $6,739 $5,699 $481 $559 

2018 $5,518 $5,792 $489 ($763) 

2019 $6,352 $6,020 $488 ($156) 

2020 $5,663 $6,126 $538 ($1,001) 

2021 $4,511 $6,440 $559 ($2,488) 

* Beginning in 2009, PBGC has reported premium income net of bad debt expense for premium, interest, and penalties. 

Source: PBGC Annual Reports 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
-

Standard 

Terminations 

Filings 

Trusteed 

Terminations1 

Assets 

($ millions) 

Liabilities 

($ millions) 

Claims 

($ millions) 

Recoveries 

($ millions) 

Net 

Claims 

($ millions) 

1975 - 1979 7,955 586 $145 $397 $252 $56 $196 

1980 - 1984 28,025 622 515 1,257 $743 158 585 

1985 - 1989 42,599 537 650 2,351 $1,702 161 1,541 

1990 - 1994 24,171 694 2,275 5,117 $2,842 449 2,393 

1995 - 1999 15,089 444 1,414 2,197 $783 78 705 

2000 1,892 74 267 367 $101 15 86 

2001 1,748 117 2,535 3,686 $1,151 185 965 

2002 1,452 186 4,520 8,309 $3,790 272 3,517 

2003 1,203 172 6,934 13,409 $6,474 210 6,264 

2004 1,198 164 2,832 6,096 $3,263 537 2,727 

2005 1,108 129 10,299 21,565 $11,266 1,799 9,467 

2006 1,247 89 2,372 4,597 $2,224 1,329 895 

2007 1,233 78 630 974 $344 31 313 

2008 1,405 82 536 816 $279 44 235 

2009 1,294 193 10,094 17,363 $7,269 1,299 5,970 

2010 1,308 156 1,327 2,489 $1,162 182 980 

2011 1,400 100 852 1,521 $670 77 593 

2012 1,332 118 797 1,708 $911 84 827 

2013 1,481 97 1,441 2,862 $1,421 150 1,271 

2014 1,373 67 1,093 1,879 $785 137 649 

2015 1,197 53 693 1,408 $715 65 650 

2016 1,225 74 1,248 2,228 $981 32 948 

2017 1,350 51 477 968 $491 41 450 

2018 1,468 56 2,523 3,964 $1,441 444 997 

2019 1,500 49 3,007 4,591 $1,584 58 1,526 

2020 1,597 43 3,212 4,876 $1,665 6 1,659

 Total 146,850 5,031 $62,688 $116,996 $54,308 $7,899 $46,409 

Number of Plans Trusteed Termination Data 

Fiscal 

Year 

PBGC SINGLE EMPLOYER PROGRAM 

Table S-3 

PBGC Terminations and Claims (1975-2020) Revised 7/21/2023 

1 Trusteed terminations include plans pending trusteeship. Results reported in most recent years are subject to change upon trusteeship finalization. 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

- Claims figures shown in this table are calculated on a plan basis and identified with fiscal year of plan termination for each plan. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Values presented for Claims are the difference between liabilities and assets unless noted as Net Claims, which also consider recoveries from trusteed plans. 

- The annual numbers of trusteed terminations shown in this table may differ from those reported elsewhere as they reflect the fiscal year of plan termination rather than the 

fiscal year in which the loss was incurred. 

2020 Data Tables 
 

 

-

Table S-4 

PBGC Claims (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Fiscal Year Claims Claims of Top 10 Firms and 

Percent of Total Annual Claims 

Other Claims and 

Percent of Total Annual Claims 

1975 - 1979 $252,206,144 

1980 - 1984 742,708,476 

1985 - 1989 1,701,718,995 

1990 - 1994 2,841,766,851 

1995 - 1999 782,765,480 

2000 100,947,847 

2001 1,150,650,416 

2002 3,789,520,834 

2003 6,474,349,225 

2004 3,263,342,329 

2005 11,266,000,935 

2006 2,224,120,821 

2007 344,047,873 

2008 279,252,519 

2009 7,268,844,774 

2010 1,162,166,076 

2011 669,743,212 

2012 911,182,867 

2013 1,420,665,444 

2014 785,461,186 

2015 714,689,638 

2016 980,910,833 

2017 491,377,886 

2018 1,441,391,303 

2019 1,584,018,785 

2020 1,664,617,433 

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

2,081,361,846 54.9% 

5,550,023,176 85.7% 

52,103,413 1.6% 

9,486,441,042 84.2% 

1,717,326,477 77.2% 

--- ---

--- ---

4,820,202,482 66.3% 

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

915,755,699 63.5% 

1,386,568,232 87.5% 

1,032,923,708 62.1% 

$252,206,144 100.0% 

742,708,476 100.0% 

1,701,718,995 100.0% 

2,841,766,851 100.0% 

782,765,480 100.0% 

100,947,847 100.0% 

1,150,650,416 100.0% 

1,708,158,988 45.1% 

924,326,050 14.3% 

3,211,238,916 98.4% 

1,779,559,894 15.8% 

506,794,344 22.8% 

344,047,873 100.0% 

279,252,519 100.0% 

2,448,642,293 33.7% 

1,162,166,076 100.0% 

669,743,212 100.0% 

911,182,867 100.0% 

1,420,665,444 100.0% 

785,461,186 100.0% 

714,689,638 100.0% 

980,910,833 100.0% 

491,377,886 100.0% 

525,635,604 36.5% 

197,450,553 12.5% 

631,693,725 37.9% 

Total $54,308,468,182 $27,042,706,074 49.8% $27,265,762,108 50.2% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

- For purposes of this chart, claims are defined to include the excess of liabilities over assets without regard to recoveries from plan sponsors. 

- Annual claims for Top 10 firms are summations of all claims in that fiscal year associated with the Top 10 firms. See Table S-5 for a list of the Top 10 

firms with the largest claim values. 

- Values presented for Claims are the difference between liabilities and assets. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

2020 Data Tables 
 

 

 

 

 

 

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Table S-5 

Top 10 Firms Presenting Claims (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Fiscal Year(s) Number of Claims Top 10 Firms of Plan Plans (by firm) Termination(s) 

Vested 

Participants 

Average 

Claim Per Percent of 

Vested Total Claims 

Participant 

1. United Airlines 4 2005 $7,304,186,215 

2. Delphi 6 2009 4,820,202,482 

3. Bethlehem Steel 1 2003 3,702,771,656 

4. US Airways 4 2003, 2005 2,708,976,606 

5. LTV Steel1 6 2002, 2003, 2004 2,134,985,884 

6. Delta Air Lines 1 2006 1,717,326,477 

7. Sears Holdings 2 2019 1,386,568,232 

8. National Steel 7 2003 1,319,009,116 

9. McClatchy Co. 1 2020 1,032,923,708 

10. Avaya 1 2018 915,755,699 

122,483 

66,614 

92,174 

60,585 

83,782 

13,237 

92,683 

35,152 

24,056 

7,978 

$59,634 13.4% 

72,360 8.9% 

40,172 6.8% 

44,714 5.0% 

25,483 3.9% 

129,737 3.2% 

14,960 2.6% 

37,523 2.4% 

42,938 1.9% 

114,785 1.7% 

Top 10 Total 33 $27,042,706,074 598,744 $45,166 49.8% 

All Other Total 4,998 27,265,762,108 1,885,598 14,460 50.2% 

Total 5,031 $54,308,468,182 2,484,342 $21,860 100.0% 

1

 Does not include 1986 termination of a Republic Steel plan sponsored by LTV. 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

- Values presented for Claims are the difference between liabilities and assets. 

- Data in this table have been calculated on a firm basis and, except as noted, include all trusteed plans of each firm. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers and percentages may not add up to totals. 

- Vested participant count is as of the date of plan termination. 

2020 Data Tables 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-6 

PBGC Trusteed Terminations by Fiscal Year and Claim Size (1975-2020) 

Size of Claim 

Fiscal Total Percent 

Year $1 - $9 $10 - $99 $100 - $999 Plans of Total < $1 Million ≥ $1 Billion Million Million Million 

1975 - 1979 545 36 5 --- --- 586 11.6% 

1980 - 1984 539 65 18 --- --- 622 12.4% 

1985 - 1989 450 67 15 5 --- 537 10.7% 

1990 - 1994 534 137 17 6 --- 694 13.8% 

1995 - 1999 310 118 16 --- --- 444 8.8% 

2000 - 2004 360 245 83 23 2 713 14.2% 

2005 - 2009 237 245 70 12 7 571 11.3% 

2010 71 64 19 2 --- 156 3.1% 

2011 33 51 16 --- --- 100 2.0% 

2012 46 56 14 2 --- 118 2.3% 

2013 33 41 20 3 --- 97 1.9% 

2014 20 32 14 1 --- 67 1.3% 

2015 16 28 7 2 --- 53 1.1% 

2016 31 29 11 3 --- 74 1.5% 

2017 17 26 7 1 --- 51 1.0% 

2018 18 29 7 2 --- 56 1.1% 

2019 20 23 4 2 --- 49 1.0% 

2020 11 21 8 2 1 43 0.9% 

Total Plans 3,291 1,313 351 66 10 5,031 

Percent of Total 65.4% 26.1% 7.0% 1.3% 0.2% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values used for Claims are the difference between liabilities and assets. 

- Values and distributions are subject to change as PBGC completes reviews and establishes termination dates. 

2020 Data Tables 
 

 

 

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Table S-7 

PBGC Claims by Fiscal Year and Claim Size (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Size of Claim 

Fiscal 

Year $1 - $9 $10 - $99 $100 - $999 < $1 Million Million Million Million 

1975 - 1979 $62,193,304 $89,626,004 $100,386,835 ---

1980 - 1984 80,296,905 191,956,080 470,455,491 ---

1985 - 1989 74,853,436 219,557,666 424,362,735 982,945,158 

1990 - 1994 125,482,376 449,076,661 447,349,948 1,819,857,866 

1995 - 1999 94,422,498 307,763,075 380,579,908 ---

2000 - 2004 120,203,102 810,724,273 2,445,619,525 6,005,486,575 

2005 - 2009 93,358,095 794,995,111 2,189,981,620 4,503,883,282 

2010 31,224,955 201,619,593 559,181,825 370,139,703 

2011 17,370,532 143,508,212 508,864,468 ---

2012 18,442,665 180,399,375 494,795,459 217,545,368 

2013 17,610,236 136,708,247 589,247,971 677,098,990 

2014 10,828,698 96,948,354 405,047,297 272,636,836 

2015 7,113,342 102,007,794 132,253,380 473,315,122 

2016 13,494,640 93,999,753 388,130,871 485,285,568 

2017 6,916,921 73,053,971 247,357,766 164,049,229 

2018 8,510,085 96,653,578 271,862,166 1,064,365,474 

2019 10,039,465 96,988,133 90,422,955 1,386,568,232 

2020 5,233,157 68,846,497 245,014,940 312,599,130 

≥ $1 Billion 

---

---

---

---

---

5,396,777,176 

13,800,048,815 

---

---

---

---

---

---

---

---

---

---

1,032,923,708 

Total Percent 

Claims of Total 

$252,206,144 0.5% 

742,708,476 1.4% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,651 27.2% 

21,382,266,923 39.4% 

1,162,166,076 2.1% 

669,743,212 1.2% 

911,182,867 1.7% 

1,420,665,444 2.6% 

785,461,186 1.4% 

714,689,638 1.3% 

980,910,833 1.8% 

491,377,886 0.9% 

1,441,391,303 2.7% 

1,584,018,785 2.9% 

1,664,617,433 3.1% 

Total $797,594,412 $4,154,432,377 $10,390,915,160 $18,735,776,533 

Percent of Total 1.5% 7.6% 19.1% 34.5% 

$20,229,749,699 

37.2% 

$54,308,468,182 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

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PBGC SINGLE -EMPLOYER PROGRAM 

Table S-8 

PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2020) 

Funded Ratio Fiscal Total Percent 

Year Plans of Total < 25% 25% 49% 50% 74% ≥ 75% 

1975 - 1979 163 149 127 147 586 11.6% 

1980 - 1984 220 134 135 133 622 12.4% 

1985 - 1989 170 112 127 128 537 10.7% 

1990 - 1994 189 153 181 171 694 13.8% 

1995 - 1999 117 102 139 86 444 8.8% 

2000 - 2004 118 201 248 146 713 14.2% 

2005 - 2009 107 159 225 80 571 11.3% 

2010 31 42 77 6 156 3.1% 

2011 21 32 45 2 100 2.0% 

2012 30 54 29 5 118 2.3% 

2013 28 37 31 1 97 1.9% 

2014 15 20 29 3 67 1.3% 

2015 13 21 19 --- 53 1.1% 

2016 20 30 22 2 74 1.5% 

2017 19 11 18 3 51 1.0% 

2018 13 11 29 3 56 1.1% 

2019 8 16 21 4 49 1.0% 

2020 6 12 20 5 43 0.9% 

Total 1,288 1,296 1,522 925 5,031 

Percent of Total 25.6% 25.8% 30.2% 18.4% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

 

 

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Table S-9 

PBGC Claims by Fiscal Year and Funded Ratio (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Funded Ratio Fiscal 

Year < 25% 25% 49% 50% 74% ≥ 75% 

Total Percent of 

Claims Total 

1975 - 1979 $170,657,342 $54,478,604 $21,092,605 $5,977,592 

1980 - 1984 303,021,991 308,873,598 119,950,576 10,862,310 

1985 - 1989 877,097,798 676,465,405 141,070,803 7,084,990 

1990 - 1994 1,663,873,816 326,486,171 767,438,470 83,968,394 

1995 - 1999 102,863,894 184,613,708 339,689,572 155,598,306 

2000 - 2004 714,372,252 7,964,811,032 5,914,608,249 185,019,119 

2005 - 2009 232,609,310 9,446,846,106 11,539,055,539 163,755,968 

2010 52,559,563 283,845,184 823,427,883 2,333,446 

2011 110,537,876 200,425,551 355,674,797 3,104,987 

2012 46,599,374 635,638,924 216,188,799 12,755,770 

2013 159,326,049 345,700,519 915,638,875 ---

2014 28,197,520 164,464,980 589,640,955 3,157,730 

2015 28,671,771 478,917,552 207,100,315 ---

2016 29,269,831 353,624,558 592,179,853 5,836,591 

2017 43,224,109 252,075,296 195,939,144 139,337 

2018 19,031,897 60,360,708 1,341,938,478 20,060,220 

2019 13,419,112 39,556,658 1,524,473,106 6,569,909 

2020 6,865,513 24,707,516 1,390,175,087 242,869,316 

$252,206,144 0.5% 

742,708,476 1.4% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,651 27.2% 

21,382,266,923 39.5% 

1,162,166,076 2.1% 

669,743,212 1.2% 

911,182,867 1.7% 

1,420,665,444 2.6% 

785,461,186 1.4% 

714,689,638 1.3% 

980,910,833 1.8% 

491,377,886 0.9% 

1,441,391,303 2.7% 

1,584,018,785 2.9% 

1,664,617,433 3.1% 

Total $4,602,199,018 $21,801,892,071 $26,995,283,107 $909,093,986 

Percent of Total 8.5% 40.1% 49.7% 1.7% 

$54,308,468,182 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities and assets. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

 

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PBGC SINGLE -EMPLOYER PROGRAM 

Table S-10 

PBGC Trusteed Plans by Claim Size and Funded Ratio (1975-2020) 

Size of Claim Percent Funded Total of Ratio $1 $9 $10 $99 $100 $999 Plans < $1 Million ≥ $1 Billion Total Million Million Million 

< 25% 

25% - 49% 

50% - 74% 

≥ 75%

936 297 46 9 ---

717 424 127 24 4 

815 505 164 32 6 

823 87 14 1 ---

1,288 25.6% 

1,296 25.8% 

1,522 30.2% 

925 18.4% 

Total 3,291 1,313 351 66 10 5,031 

Percent of Total 65.4% 26.1% 7.0% 1.3% 0.2% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities and assets. 

- Claims values and distributions are subject to change as PBGC completes reviews. 

2020 Data Tables 
 

 

 

 

 

 

 

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PBGC SINGLE -EMPLOYER PROGRAM 

Table S-11 

PBGC Claims by Claim Size and Funded Ratio (1975-2020) 

Size of Claim Funded Total Percent 

Ratio $1 $9 $10 $99 $100 $999 Claims of Total < $1 Million ≥ $1 Billion Million Million Million 

< 25% $267,052,862 $794,408,867 $1,243,359,092 $2,297,378,197 --- $4,602,199,018 8.5% 

25% - 49% 218,311,364 1,398,693,610 3,929,178,280 6,785,473,973 9,470,234,844 21,801,892,071 40.1% 

50% - 74% 232,728,662 1,709,094,602 4,843,022,905 9,450,922,083 10,759,514,855 26,995,283,107 49.7% 

≥ 75% 79,501,524 252,235,298 375,354,884 202,002,280 --- 909,093,986 1.7% 

Total $797,594,412 $4,154,432,377 $10,390,915,160 $18,735,776,533 $20,229,749,699 $54,308,468,182 

Percent of Total 1.5% 7.6% 19.1% 34.5% 37.3% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities and assets. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-12 

Average Claim per Vested Participant by Plan Size (1975-2020) 

Claims Average 1 

Claims Average 

(2020 Dollars) Claim Per Number of Plan Vested Number of Claim Per Vested Participants Participants Plans Vested Percent Percent Amount Amount Participant Participant of Total of Total (2020 Dollars) 

< 100 107,115 2,986 

100-999 535,299 1,687 

1,000-4,999 557,816 275 

5,000-9,999 312,620 43 

≥ 10,000 971,492 40 

$1,307,839,968 2.4% $12,210 

6,075,668,157 11.2% 11,350 

9,354,932,388 17.2% 16,771 

7,549,155,423 13.9% 24,148 

30,020,872,246 55.3% 30,902 

$1,867,675,023 2.5% $17,436 

9,049,765,611 12.1% $16,906 

13,525,784,267 18.1% $24,248 

10,283,999,618 13.8% $32,896 

40,005,541,184 53.5% $41,179 

Total 2,484,342 5,031 $54,308,468,182 100.0% $21,860 $74,732,765,703 100.0% $30,082 

1

 Adjusted Claims are calculated using Consumer Price Index - Urban Consumers for the fiscal year. 

Sources: PBGC Fiscal Year Closing File and Bureau of Labor Statistics 

Notes: 

- Values presented for Claims are the difference between liabilities and assets. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Claim calculations represent aggregated and average counts of plans, claims, and participants over the stated period. 

- The number of vested participants and claim values are calculated as of date of plan termination. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

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-

Table S-13 

PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Number of Plan Participants Fiscal 

Year < 25 25 99 100 999 1,000 4,999 5,000 9,999 ≥ 10,000

Total Percent 

Plans of Total 

1975 - 1979 193 223 159 11 --- ---

1980 - 1984 192 241 169 20 --- ---

1985 - 1989 156 201 161 14 4 1 

1990 - 1994 157 253 259 21 1 3 

1995 - 1999 98 164 147 31 3 1 

2000 - 2004 115 196 312 61 17 12 

2005 - 2009 117 155 219 57 5 18 

2010 38 53 53 10 2 ---

2011 22 34 34 10 --- ---

2012 37 38 36 6 1 ---

2013 30 32 25 8 2 ---

2014 14 24 24 4 --- 1 

2015 18 15 17 2 1 ---

2016 31 17 19 4 2 1 

2017 17 18 10 6 --- ---

2018 16 19 17 2 2 ---

2019 17 13 13 3 1 2 

2020 13 9 13 5 2 1 

586 11.6% 

622 12.4% 

537 10.7% 

694 13.8% 

444 8.8% 

713 14.2% 

571 11.3% 

156 3.1% 

100 2.0% 

118 2.3% 

97 1.9% 

67 1.3% 

53 1.1% 

74 1.5% 

51 1.0% 

56 1.1% 

49 1.0% 

43 0.9% 

Total 1,281 1,705 1,687 275 43 40 

Percent of Total 25.4% 33.9% 33.5% 5.5% 0.9% 0.8% 

5,031 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Distributions are subject to change as PBGC completes reviews and establishes termination dates. 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

 

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Table S-14 

PBGC Claims by Fiscal Year and Plan Size (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Number of Plan Participants 

Fiscal Year 

Fewer Than 25 25 - 99 100 - 999 1,000 - 4,999 5,000 - 9,999 10,000 or More 

Total Percent 

Claims of Total 

1975 - 1979 $6,246,624 $20,790,881 $131,536,741 $93,631,897 

1980 - 1984 15,035,091 40,190,162 257,320,102 430,163,121 

1985 - 1989 8,553,517 42,641,408 307,011,427 360,567,484 

1990 - 1994 15,556,117 72,912,208 561,516,393 883,782,003 

1995 - 1999 14,384,359 64,070,825 291,527,452 281,353,421 

2000 - 2004 22,619,910 130,523,563 1,302,320,115 2,355,029,204 

2005 - 2009 51,875,534 138,169,633 992,575,135 1,691,776,612 

2010 12,695,515 68,611,391 352,796,990 402,908,768 

2011 18,762,573 48,913,969 222,345,400 379,721,270 

2012 23,835,952 75,889,482 337,838,574 361,237,869 

2013 32,857,817 70,792,874 262,060,419 484,554,721 

2014 11,533,652 45,753,529 241,527,381 214,009,788 

2015 13,749,350 31,294,421 163,830,816 149,744,491 

2016 18,427,027 33,185,474 185,100,644 258,912,121 

2017 16,324,824 29,281,657 70,865,040 374,906,366 

2018 12,961,478 33,192,442 186,187,616 223,131,023 

2019 13,510,749 25,868,101 98,977,420 59,094,283 

2020 10,598,686 16,229,173 110,330,492 350,407,947 

---

---

738,503,990 

62,798,863 

102,443,025 

3,045,986,954 

743,816,843 

325,153,412 

---

112,380,990 

570,399,612 

---

356,070,561 

361,555,002 

---

985,918,743 

---

144,127,426 

---

---

244,441,168 

1,245,201,267 

28,986,398 

7,922,330,904 

17,764,053,167 

---

---

---

---

272,636,836 

---

123,730,566 

---

---

1,386,568,232 

1,032,923,708 

$252,206,144 0.5% 

742,708,476 1.4% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,651 27.2% 

21,382,266,923 39.5% 

1,162,166,076 2.1% 

669,743,212 1.2% 

911,182,867 1.7% 

1,420,665,444 2.6% 

785,461,186 1.4% 

714,689,638 1.3% 

980,910,833 1.8% 

491,377,886 0.9% 

1,441,391,303 2.7% 

1,584,018,785 2.9% 

1,664,617,433 3.1% 

Total $319,528,774 $988,311,194 $6,075,668,157 $9,354,932,388 

Percent of Total 0.6% 1.8% 11.2% 17.2% 

$7,549,155,423 

13.9% 

$30,020,872,246 

55.3% 

$54,308,468,182 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities and assets unless noted as Net Claims, which also consider recoveries from trusteed plans. 

- Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

 

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PBGC SINGLE -EMPLOYER PROGRAM 

Table S-15 

PBGC Trusteed Plans by Claim Size and Plan Size (1975-2020) 

Claim Size 

Number of Plan Total Percent 

Participants $1 $9 $10 $99 $100 $999 Plans of Total < $1 Million ≥ $1 Billion Million Million Million 

< 25 1,205 76 --- --- --- 1,281 25.5% 

25 - 99 1,404 298 3 --- --- 1,705 33.8% 

100 - 999 668 868 151 --- --- 1,687 33.5% 

1,000 - 4,999 13 70 174 18 --- 275 5.5% 

5,000 - 9,999 1 1 16 25 --- 43 0.9% 

≥ 10,000 --- --- 7 23 10 40 0.8% 

Total 3,291 1,313 351 66 10 5,031 

Percent of Total 65.4% 26.1% 7.0% 1.3% 0.2% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

2020 Data Tables 
 

 

 

 

 

- - -

-

Table S-16 

PBGC Claims by Claim Size and Plan Size (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Claim Size 

Number of Plan 

Participants $1 $9 $10 $99 $100 $999 < $1 Million Million Million Million ≥ $1 Billion 

Total Percent 

Claims of Total 

< 25 $186,815,752 $132,713,022 --- ---

25 - 99 348,979,085 606,651,672 32,680,436 ---

100 - 999 255,382,484 3,064,093,444 2,756,192,229 ---

1,000 - 4,999 6,417,091 344,553,404 6,380,883,043 2,623,078,851 

5,000 - 9,999 --- 6,420,835 882,315,843 6,660,418,745 

≥ 10,000 --- --- 338,843,609 9,452,278,938 

---

---

---

---

---

20,229,749,699 

$319,528,774 0.6% 

988,311,194 1.8% 

6,075,668,157 11.2% 

9,354,932,388 17.2% 

7,549,155,423 13.9% 

30,020,872,246 55.3% 

Total $797,594,412 $4,154,432,377 $10,390,915,160 $18,735,776,533 

Percent of Total 1.5% 7.6% 19.1% 34.5% 

$20,229,749,699 

37.3% 

$54,308,468,182 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities and assets unless noted as Net Claims, which also consider recoveries from trusteed plans. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

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PBGC SINGLE -EMPLOYER PROGRAM 

Table S-17 

PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2020) 

Funded Ratio Number of Plan Total Percent 

Participants Plans of Total < 25% 25% 49% 50% 74% ≥ 75% 

< 25 491 284 233 273 1,281 25.5% 

25-99 485 454 453 313 1,705 33.9% 

100-999 273 448 676 290 1,687 33.5% 

1,000-4,999 34 83 118 40 275 5.5% 

5,000-9,999 4 16 18 5 43 0.9% 

≥ 10,000 1 11 24 4 40 0.8% 

Total 1,288 1,296 1,522 925 5,031 

Percent of Total 25.6% 25.8% 30.2% 18.4% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

- -

-

Table S-18 

PBGC Claims by Funded Ratio and Plan Size (1975-2020) 

PBGC SINGLE EMPLOYER PROGRAM 

Funded Ratio Number of Plan 

Participants < 25% 25% 49% 50% 74% ≥ 75% 

Total Percent 

Claims of Total 

< 25 $171,967,433 $93,616,238 $50,037,827 $3,907,275 

25-99 360,750,560 351,872,834 249,896,273 25,791,527 

100-999 893,950,612 2,201,545,506 2,743,456,734 236,715,305 

1,000-4,999 1,569,454,254 3,375,307,872 4,044,788,643 365,381,620 

5,000-9,999 826,538,771 3,035,656,882 3,524,266,235 162,693,535 

≥ 10,000 779,537,388 12,743,892,738 16,382,837,395 114,604,725 

$319,528,774 0.6% 

988,311,194 1.8% 

6,075,668,157 11.2% 

9,354,932,388 17.2% 

7,549,155,423 13.9% 

30,020,872,246 55.3% 

Total $4,602,199,018 $21,801,892,071 $26,995,283,107 $909,093,986 

Percent of Total 8.5% 40.1% 49.7% 1.7% 

$54,308,468,182 

100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities. 

- Claim values and distributions are subject to change as PBGC completes reviews. 

- Due to rounding of individual items, numbers may not add up to totals. 

2020 Data Tables 
 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-19 

PBGC Claims by Industry (1975-2020) 

Industry Total Claims Plans Vested Participants 

AGRICULTURE, MINING, AND CONSTRUCTION $832,923,936 1.5% 296 5.9% 48,680 2.0% 

MANUFACTURING 28,785,570,856 53.0% 2,925 58.1% 1,387,424 55.8% 

Chemical and Allied Products 336,773,829 0.6% 63 1.3% 17,683 0.7% 

Computer and Electronic Products 796,606,256 1.5% 79 1.6% 39,110 1.6% 

Electrical Equipment 127,267,608 0.2% 77 1.5% 14,191 0.6% 

Fabricated Metal Products 1,868,796,492 3.4% 690 13.7% 136,064 5.5% 

Food and Tobacco Products 540,016,364 1.0% 187 3.7% 63,751 2.6% 

Machinery Manufacturing 1,515,134,681 2.8% 301 6.0% 103,443 4.2% 

Motor Vehicle Equipment 5,489,242,923 10.1% 127 2.5% 131,506 5.3% 

Paper Manufacturing 557,280,966 1.0% 130 2.6% 29,170 1.2% 

Petroleum and Coal Products 61,349,240 0.1% 16 0.3% 5,609 0.2% 

Primary Metals 12,609,281,525 23.2% 361 7.2% 430,303 17.3% 

Other Manufacturing 4,883,820,972 9.0% 894 17.8% 416,594 16.8% 

TRANSPORTATION AND PUBLIC UTILITIES 14,461,808,160 26.6% 216 4.3% 380,032 15.3% 

Air Transportation 14,017,184,671 25.8% 44 0.9% 340,749 13.7% 

Other Transportation 441,287,304 0.8% 162 3.2% 38,877 1.6% 

Public Utilities 3,336,185 * 10 0.2% 406 * 

INFORMATION 2,465,284,505 4.5% 80 1.6% 53,856 2.2% 

WHOLESALE TRADE 632,248,279 1.2% 309 6.1% 46,028 1.9% 

RETAIL TRADE 2,569,497,269 4.7% 360 7.2% 279,448 11.2% 

FINANCE, INSURANCE, AND REAL ESTATE 1,111,317,183 2.0% 172 3.4% 85,102 3.4% 

SERVICES 3,239,330,008 6.0% 589 11.7% 195,260 7.9% 

Health Care 1,920,350,897 3.5% 182 3.6% 118,360 4.8% 

Other Services 1,318,979,111 2.4% 407 8.1% 76,900 3.1% 

NON-PROFIT ORGANIZATIONS 210,487,985 0.4% 84 1.7% 8,512 0.3% 

TOTAL $54,308,468,182 100.0% 5,031 100.0% 2,484,342 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Values presented for Claims are the difference between liabilities. 

- Values and distributions are subject to change as PBGC completes reviews. 

- Industry classifications for PBGC claims are based on the principal business activity codes used in the North American Industry Classification System. 

- Due to rounding of individual items, numbers and percentages may not add up to totals. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-20 

PBGC Benefit Payments, Payees, and Deferred Payees (1980-2020) 

Periodic Pension Payments Lump-Sum Payments 1 All Payments 

Fiscal Payees Average Median Payees Average Payees 2 Deferred

Year Total Total Total in Year Benefit Benefit in Year Payment in Year Payees ($ millions) ($ millions) ($ millions) (thousands) Payment3 Payment3 (thousands) (per payee) (thousands) (thousands) 

1980 $34 28 $124 $91 $3 2 $1,623 $37 30 25 

1985 $166 75 $226 $128 $4 2 $1,782 $170 77 92 

1990 $356 110 $262 $184 $13 6 $2,437 $369 116 85 

1995 $739 182 $344 $232 $22 6 $3,335 $761 187 163 

1996 $770 199 $328 $225 $20 7 $2,757 $790 206 182 

1997 $800 204 $316 $212 $23 9 $2,629 $823 213 202 

1998 $826 208 $313 $208 $21 9 $2,198 $847 216 213 

1999 $844 214 $311 $208 $56 16 $3,553 $901 229 225 

2000 $831 226 $309 $206 $71 19 $3,726 $902 243 226 

2001 $954 266 $325 $208 $88 18 $4,817 $1,042 283 246 

2002 $1,458 343 $383 $242 $79 21 $3,757 $1,537 362 326 

2003 $2,401 457 $453 $275 $87 22 $4,220 $2,488 477 375 

2004 $2,918 517 $475 $281 $88 21 $4,229 $3,006 533 424 

2005 $3,607 683 $487 $286 $78 17 $4,633 $3,685 698 489 

2006 $4,011 612 $531 $296 $71 13 $5,145 $4,082 622 520 

2007 $4,179 630 $539 $281 $87 17 $5,154 $4,266 645 534 

2008 $4,211 639 $534 $289 $81 17 $4,828 $4,292 653 495 

2009 $4,409 743 $598 $305 $69 12 $4,289 $4,478 754 565 

2010 $5,361 746 $594 $316 $106 16 $6,661 $5,467 758 614 

2011 $5,172 775 $579 $287 $168 48 $3,517 $5,340 781 595 

2012 $5,299 781 $559 $284 $85 39 $2,198 $5,384 786 590 

2013 $5,386 799 $539 $283 $63 39 $1,600 $5,449 801 600 

2014 $5,436 812 $539 $283 $86 39 $2,014 $5,522 815 488 

2015 $5,486 825 $536 $279 $84 40 $2,054 $5,570 828 560 

2016 $5,545 837 $535 $278 $113 36 $3,031 $5,659 842 559 

2017 $5,578 839 $535 $278 $121 40 $2,535 $5,699 842 552 

2018 $5,704 861 $533 $278 $87 39 $2,252 $5,792 864 542 

2019 $5,917 886 $534 $279 $103 41 $2,481 $6,020 890 555 

2020 $6,033 983 $536 $280 $93 38 $2,468 $6,126 988 557 

1

 Lump-sum payments include cash-outs of pensions with de minimis present values and back payments to current pensioners. 

2

 Since some payees received both pensions and lump-sum payments, total number of payees may be less than the sum of pensioners and lump-sum recipients. 

3

 Average and median benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: PBGC Fiscal Year Closing File 

Notes: 

- Excludes participants in plans that are in probable termination status as of end of fiscal year. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-21 

PBGC Payees and Benefit Payments by Year of Plan Termination 

(Fiscal Year 2020) Revised 7/21/2023 

Fiscal Year Benefit Payments Average Median Deferred 

of Plan 2020 Payees in 2020 Benefit Benefit Payees 

Termination ($ millions) Payment1 Payment1 in 2020 

Prior to 1980 1,633 0.2% $2 0.0% $118 $82 504 

1980 to 1984 10,494 1.1% 24 0.4% 210 155 1,534 

1985 to 1989 20,583 2.1% 67 1.1% 293 193 1,501 

1990 to 1994 68,723 7.0% 274 4.5% 377 233 7,114 

1995 6,363 0.6% 24 0.4% 348 177 1,626 

1996 7,647 0.8% 22 0.4% 256 139 33,334 

1997 11,355 1.1% 39 0.6% 322 202 3,439 

1998 4,145 0.4% 14 0.2% 366 175 3,898 

1999 9,499 1.0% 32 0.5% 360 177 8,513 

2000 6,860 0.7% 22 0.4% 307 151 2,218 

2001 44,834 4.5% 252 4.1% 474 264 10,764 

2002 80,878 8.2% 438 7.1% 449 257 14,980 

2003 84,502 8.6% 760 12.4% 731 393 17,113 

2004 62,877 6.4% 326 5.3% 457 239 21,418 

2005 115,770 11.7% 1,118 18.2% 818 475 79,285 

2006 21,296 2.2% 278 4.5% 1,130 441 11,698 

2007 13,445 1.4% 57 0.9% 369 192 15,778 

2008 10,118 1.0% 52 0.8% 450 229 5,364 

2009 120,467 12.2% 1,051 17.1% 732 413 73,835 

2010 26,596 2.7% 146 2.4% 522 268 30,219 

2011 14,063 1.4% 80 1.3% 517 275 20,026 

2012 12,930 1.3% 80 1.3% 650 259 20,170 

2013 19,312 2.0% 136 2.2% 760 363 16,237 

2014 20,375 2.1% 90 1.5% 480 192 26,627 

2015 11,034 1.1% 67 1.1% 690 306 13,820 

2016 17,546 1.8% 101 1.7% 658 247 23,840 

2017 6,324 0.6% 39 0.6% 544 233 12,340 

2018 14,686 1.5% 204 3.3% 1,159 701 11,389 

2019 6,029 0.6% 20 0.3% 470 264 39,559 

2020 474 0.0% 1 0.0% 856 511 28,464 

Subtotal 850,858 86.1% $5,816 95.0% $600 $289 556,607

 Recently Terminated 137,286 13.9% 309 5.0% n/a n/a n/a Plans 

Total 988,144 100.0% $6,126 100.0% n/a n/a 556,607 

1

 Average and median benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Some recently terminated plans are still in the process of being added to PPS. Because it is possible that some of those plans may have terminated 

before the current fiscal year, all terminated plans that are not yet in PPS are shown as a separate line item. 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-22 

PBGC Payees and Benefit Payments by Trusteed Plan Size 

(Fiscal Year 2020) 

Number Average Median 

Periodic Payments of Plan Periodic Payees Benefit Benefit ($ millions) Participants Payment1 Payment1 

Fewer than 100 27,318 2.8% $118 2.0% $386 $197 

100 - 499 103,066 10.5% 384 6.4% $331 $199 

500 - 999 71,316 7.3% 297 4.9% $374 $219 

1,000 - 4,999 226,757 23.0% 1,035 17.2% $399 $230 

5,000 - 9,999 136,860 13.9% 949 15.7% $606 $305 

10,000 - 24,999 196,708 20.0% 1,459 24.2% $646 $297 

25,000 or More 221,059 22.5% 1,791 29.7% $702 $501 

Total 983,084 100.0% $6,033 100.0% $536 $280 

1

 Average and median benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

- Beginning with the 2016 data tables, plan size was determined as of the Date of Plan Trusteeship. Prior to the 2016 Tables, plan size had been based on 

current participant counts. 

2020 Data Tables 
 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-23 

Total PBGC Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2020) 

Total Payees Male Female 

Age Average Average Average Periodic Periodic Periodic Benefit Benefit Benefit Payees Payees Payees Payment1 Payment1 Payment1 

Younger than 60 26,626 2.7% $330 13,166 2.4% $362 13,460 3.0% $298 

60 - 64 78,251 8.0% $451 43,502 8.0% $519 34,749 7.9% $365 

65 - 69 193,268 19.7% $548 113,761 21.1% $626 79,507 18.0% $438 

70 - 74 229,217 23.3% $573 131,499 24.4% $668 97,718 22.0% $445 

75 - 79 183,807 18.7% $579 105,646 19.5% $708 78,161 17.7% $405 

80 - 84 130,131 13.2% $564 70,561 13.0% $762 59,570 13.5% $330 

85 and Older 141,784 14.4% $465 62,740 11.6% $717 79,044 17.9% $265 

Total 983,084 100.0% $536 540,875 100.0% $666 442,209 100.0% $378 

1

 Average benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

- Ages are calculated as of the last day of the fiscal year. 

2020 Data Tables 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-24 

PBGC Retired Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2020) 

Total Retirees Male Female 

Age Average Average Average Periodic Periodic Periodic Benefit Benefit Benefit Payees Payees Payees Payment1 Payment1 Payment1 

Younger than 60 18,742 2.3% $347 11,607 2.2% $376 7,135 2.5% $299 

60 - 64 67,612 8.3% $470 42,628 8.1% $524 24,984 8.7% $378 

65 - 69 174,005 21.3% $569 112,213 21.2% $631 61,792 21.6% $457 

70 - 74 201,359 24.7% $601 129,337 24.4% $674 72,022 25.2% $470 

75 - 79 154,278 18.9% $623 103,561 19.6% $717 50,717 17.7% $430 

80 - 84 101,592 12.5% $635 68,991 13.0% $774 32,601 11.4% $341 

85 and Older 98,184 12.0% $552 61,144 11.5% $731 37,040 12.9% $257 

Total 815,772 100.0% $580 529,481 100.0% $674 286,291 100.0% $406 

1

 Average benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

- Ages are calculated as of the last day of the fiscal year. 

2020 Data Tables 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-25 

PBGC Beneficiary Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2020) 

Total Beneficiaries Male Female 

Age Average Average Average Periodic Periodic Periodic Benefit Benefit Benefit Payees Payees Payees Payment1 Payment1 Payment1 

Younger than 60 7,884 4.7% $290 1,559 13.7% $264 6,325 4.1% $296 

60 - 64 10,639 6.4% $325 874 7.7% $246 9,765 6.3% $333 

65 - 69 19,263 11.5% $360 1,548 13.6% $263 17,715 11.4% $369 

70 - 74 27,858 16.7% $366 2,162 18.9% $287 25,696 16.5% $373 

75 - 79 29,529 17.6% $350 2,085 18.3% $275 27,444 17.6% $357 

80 - 84 28,539 17.1% $311 1,570 13.8% $244 26,969 17.3% $317 

85 and Older 43,600 26.0% $268 1,596 14.0% $180 42,004 26.8% $272 

Total 167,312 100.0% $321 11,394 100.0% $254 155,918 100.0% $327 

1

 Average benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

- Ages are calculated as of the last day of the fiscal year. 

2020 Data Tables 
Periodic Payments 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-26 

Total PBGC Payees and Benefit Payments by 

Monthly Payment Size (Fiscal Year 2020) 

Monthly Payment Periodic Payees ($ millions) 

Less than $50 45,503 4.6% $6 0.1% 

$50 - $99 124,837 12.7% 109 1.8% 

$100 - $149 117,711 12.0% 166 2.7% 

$150 - $199 92,501 9.4% 183 3.0% 

$200 - $249 75,532 7.7% 193 3.2% 

$250 - $299 56,217 5.7% 176 2.9% 

$300 - $349 50,208 5.1% 186 3.1% 

$350 - $399 37,911 3.9% 162 2.7% 

$400 - $449 35,788 3.6% 173 2.9% 

$450 - $499 28,136 2.9% 152 2.5% 

$500 - $549 26,251 2.7% 157 2.6% 

$550 - $599 21,435 2.2% 141 2.3% 

$600 - $749 52,593 5.4% 403 6.7% 

$750 - $999 60,175 6.1% 597 9.9% 

$1,000 - $1,499 82,931 8.4% 1,180 19.6% 

$1,500 - $1,999 40,335 4.1% 796 13.2% 

$2,000 - $2,499 15,002 1.5% 385 6.4% 

$2,500 or More 20,018 2.0% 869 14.4% 

Total 983,084 100.0% $6,033 100.0% 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
Retiree Periodic Payments 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-27 

PBGC Retired Payees and Benefit Payments by 

Monthly Payment Size (Fiscal Year 2020) 

Monthly Payment Periodic Retirees ($ millions) 

Less Than $50 31,346 3.8% $4 0.1% 

$50 - $99 87,345 10.7% 76 1.4% 

$100 - $149 91,467 11.2% 130 2.4% 

$150 - $199 75,603 9.3% 151 2.8% 

$200 - $249 63,842 7.8% 164 3.0% 

$250 - $299 47,232 5.8% 148 2.7% 

$300 - $349 42,694 5.2% 158 2.9% 

$350 - $399 32,412 4.0% 139 2.6% 

$400 - $449 30,914 3.8% 150 2.8% 

$450 - $499 24,314 3.0% 132 2.4% 

$500 - $549 22,758 2.8% 137 2.5% 

$550 - $599 18,695 2.3% 123 2.3% 

$600 - $749 46,067 5.7% 354 6.5% 

$750 - $999 52,877 6.5% 526 9.7% 

$1,000 - $1,499 76,764 9.4% 1,098 20.2% 

$1,500 - $1,999 38,518 4.7% 762 14.0% 

$2,000 - $2,499 14,111 1.7% 362 6.7% 

$2,500 or More 18,813 2.3% 821 15.1% 

Total 815,772 100.0% $5,434 100.0% 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
Beneficiary Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-28 

PBGC Beneficiary Payees and Benefit Payments by

Monthly Payment Size (Fiscal Year 2020) 

Monthly Payment Periodic Beneficiaries ($ millions) 

Less Than $50 14,157 8.4% $2 0.3% 

$50 - $99 37,492 22.4% 33 5.5% 

$100 - $149 26,244 15.7% 35 5.9% 

$150 - $199 16,898 10.1% 32 5.4% 

$200 - $249 11,690 7.0% 29 4.9% 

$250 - $299 8,985 5.4% 28 4.6% 

$300 - $349 7,514 4.5% 27 4.5% 

$350 - $399 5,499 3.3% 23 3.8% 

$400 - $449 4,874 2.9% 23 3.8% 

$450 - $499 3,822 2.3% 20 3.4% 

$500 - $549 3,493 2.1% 20 3.4% 

$550 - $599 2,740 1.6% 18 3.0% 

$600 - $749 6,526 3.9% 49 8.2% 

$750 - $999 7,298 4.4% 71 11.9% 

$1,000 - $1,499 6,167 3.7% 82 13.7% 

$1,500 - $1,999 1,817 1.1% 35 5.8% 

$2,000 - $2,499 891 0.5% 22 3.7% 

$2,500 or More 1,205 0.7% 49 8.1% 

Total 167,312 100.0% $599 100.0% 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
Average Median 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-29 

PBGC Payees and Benefit Payments by Industry (Fiscal Year 2020) Revised 7/21/2023 

Industry Periodic Payees Periodic Payments Benefit Benefit 

Payment1 Payment1 

AGRICULTURE, MINING, AND CONSTRUCTION 20,052 2.0% $101,029,445 1.7% $522 $276 

MANUFACTURING 591,374 60.2% 3,160,799,071 52.4% $515 $256 

Chemical and Allied Products 9,356 1.0% 45,328,937 0.8% $687 $272 

Computer and Electronic Products 15,466 1.6% 89,791,358 1.5% $577 $294 

Electrical Equipment 4,817 0.5% 15,943,722 0.3% $341 $197 

Fabricated Metal Products 53,676 5.5% 204,275,943 3.4% $389 $220 

Food and Tobacco Products 13,836 1.4% 39,887,079 0.7% $319 $165 

Machinery and Computer Equipment 35,482 3.6% 166,192,716 2.8% $451 $233 

Motor Vehicle Equipment 81,511 8.3% 755,820,413 12.5% $846 $587 

Paper Manufacturing 23,082 2.3% 128,865,692 2.1% $585 $309 

Petroleum and Coal Products 2,659 0.3% 7,848,564 0.1% $304 $171 

Primary Metals 199,827 20.3% 1,231,650,165 20.4% $564 $333 

Other Manufacturing 151,662 15.4% 475,194,483 7.9% $330 $153 

TRANSPORTATION AND PUBLIC UTILITIES 179,181 18.2% 1,714,957,826 28.4% $908 $487 

Air Transportation 167,695 17.1% 1,658,105,202 27.5% $936 $509 

Other Transportation 11,419 1.2% 56,607,237 0.9% $493 $234 

Public Utilities 67 * 245,387 * $350 $235 

INFORMATION 15,737 1.6% 188,999,226 3.1% $1,068 $493 

WHOLESALE TRADE 16,195 1.6% 69,804,744 1.2% $495 $238 

RETAIL TRADE 55,797 5.7% 176,969,893 2.9% $369 $176 

FINANCE, INSURANCE, AND REAL ESTATE 30,418 3.1% 212,665,127 3.5% $744 $367 

SERVICES 71,632 7.3% 390,306,098 6.5% $604 $286 

Health Care 44,791 4.6% 244,753,861 4.1% $603 $309 

Other Services 26,841 2.7% 145,552,237 2.4% $602 $243 

NON-PROFIT ORGANIZATIONS 2,698 0.3% 17,163,975 0.3% $655 $339 

TOTAL 983,084 100.0% $6,032,695,405 100.0% $536 $280 

* Less than 0.05 of one percent. 

1

 Average and median benefit values are determined using reported benefit payment amounts and include one-time payments. 

Source: Based primarily on data provided by the PBGC’s Payment System (PPS). 

Notes: 

- Due to rounding of individual items, numbers and percentages may not add up to totals. 

- Industry classifications are based on principal business activity code used in the North American Industry Classification System. 

- "Other Manufacturing" includes "Apparel and Textile Mill Products" and "Rubber and Miscellaneous Plastics", which have been broken out in previous versions of this table prior to 2018. 

2020 Data Tables 
 

-

Table S-30 

PBGC-Insured Plan Participants (1980-2021) 

PBGC SINGLE EMPLOYER PROGRAM 

Revised 12/20/2023 

Total Plans with Plans with Plans with 

Insured 10,000 or More 5,000-9,999 1,000-4,999 Year Participants Participants Participants Participants 

(thousands) (thousands) (thousands) (thousands) 

Plans with 

250-999 

Participants 

(thousands) 

Plans with 

100-249 

Participants 

(thousands) 

Plans with Plans with 

25-99 Fewer Than 

Participants 25 Participants 

(thousands) (thousands) 

1980 27,518 12,044 2,833 5,776 

1985 29,809 12,724 3,164 6,579 

1990 31,633 14,336 3,351 6,989 

1995 32,634 16,934 3,771 6,908 

1996 32,724 17,076 3,843 6,896 

1997 33,214 18,046 3,787 6,767 

1998 33,545 18,568 3,905 6,719 

1999 33,804 19,591 3,869 6,355 

2000 34,108 20,337 3,738 6,225 

2001 34,342 21,100 3,661 6,045 

2002 34,248 21,573 3,537 5,846 

2003 34,405 21,947 3,609 5,682 

2004 34,523 22,378 3,603 5,491 

2005 34,232 22,293 3,607 5,373 

2006 33,933 22,143 3,705 5,196 

2007 33,892 22,149 3,756 5,149 

2008 33,888 22,251 3,703 5,164 

2009 33,833 22,452 3,637 5,105 

2010 33,447 22,555 3,504 4,903 

2011 33,388 22,811 3,447 4,752 

2012 32,516 22,313 3,417 4,566 

2013 31,900 21,913 3,353 4,468 

2014 30,926 21,231 3,275 4,366 

2015 29,830 20,389 3,274 4,174 

2016 28,626 19,522 3,099 4,079 

2017 27,510 18,838 2,941 3,885 

2018 26,215 17,862 2,726 3,787 

2019 24,654 16,661 2,550 3,679 

2020 23,482 15,875 2,444 3,484 

2021 22,679 15,625 2,182 3,293 

3,852 

4,032 

4,064 

3,136 

3,128 

3,008 

2,883 

2,662 

2,569 

2,408 

2,263 

2,164 

2,083 

2,013 

1,974 

1,929 

1,888 

1,800 

1,689 

1,617 

1,499 

1,468 

1,409 

1,356 

1,307 

1,246 

1,234 

1,158 

1,098 

1,022 

1,436 

1,585 

1,429 

1,062 

1,005 

919 

847 

776 

733 

673 

605 

593 

565 

550 

530 

523 

504 

480 

452 

434 

407 

393 

370 

358 

341 

319 

311 

304 

288 

266 

1,064 513 

1,164 561 

1,023 441 

625 198 

591 185 

527 160 

476 147 

422 130 

387 119 

346 110 

322 102 

310 100 

304 100 

297 98 

289 96 

289 97 

282 96 

266 93 

254 89 

241 85 

233 82 

225 80 

205 71 

203 76 

198 80 

196 85 

203 92 

205 97 

197 96 

195 96 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

-

Table S-31 

PBGC-Insured Plans (1980-2021) 

PBGC SINGLE EMPLOYER PROGRAM 

Revised 12/20/2023 

Insured Plans Total Insured Plans with 10,000 Year Insured with 5,000-9,999 or More Plans Participants Participants 

Insured Plans 

with 1,000-4,999 

Participants 

Insured Plans 

with 250-999 

Participants 

Insured Plans 

with 100-249 

Participants 

Insured Plans Insured Plans 

with 25-99 with Fewer than 

Participants 25 Participants 

1980 95,439 349 365 

1985 112,208 354 435 

1990 91,899 458 477 

1995 53,589 528 559 

1996 48,748 531 556 

1997 43,902 563 550 

1998 41,462 570 565 

1999 37,536 603 555 

2000 35,373 621 531 

2001 32,954 644 522 

2002 31,229 632 505 

2003 30,611 621 514 

2004 30,148 627 510 

2005 29,605 618 509 

2006 28,923 592 525 

2007 29,255 595 533 

2008 28,876 591 524 

2009 27,797 595 514 

2010 26,377 570 492 

2011 25,607 580 488 

2012 24,215 568 484 

2013 23,399 561 471 

2014 22,344 545 462 

2015 22,166 522 464 

2016 22,333 500 440 

2017 22,520 489 419 

2018 23,371 479 389 

2019 23,694 447 365 

2020 23,198 445 350 

2021 23,908 431 311 

2,858 

3,125 

3,400 

3,308 

3,280 

3,199 

3,139 

2,933 

2,875 

2,787 

2,671 

2,569 

2,478 

2,404 

2,337 

2,336 

2,339 

2,311 

2,200 

2,142 

2,053 

1,997 

1,951 

1,864 

1,800 

1,712 

1,662 

1,608 

1,511 

1,427 

7,439 

8,230 

8,085 

6,743 

6,217 

5,962 

5,693 

5,271 

5,056 

4,757 

4,461 

4,238 

4,083 

3,935 

3,850 

3,768 

3,700 

3,534 

3,313 

3,189 

2,976 

2,903 

2,771 

2,653 

2,559 

2,451 

2,417 

2,248 

2,132 

1,991 

8,512 

10,003 

8,976 

6,850 

6,225 

5,734 

5,255 

4,803 

4,536 

4,154 

3,742 

3,662 

3,483 

3,379 

3,272 

3,204 

3,090 

2,960 

2,777 

2,681 

2,506 

2,423 

2,266 

2,173 

2,075 

1,944 

1,885 

1,838 

1,749 

1,620 

19,069 56,847 

22,609 67,452 

19,464 51,039 

11,674 23,927 

10,931 21,008 

9,822 18,072 

8,788 17,452 

7,779 15,592 

7,150 14,604 

6,335 13,755 

5,875 13,343 

5,705 13,302 

5,616 13,351 

5,493 13,267 

5,341 13,006 

5,352 13,467 

5,253 13,379 

4,977 12,906 

4,796 12,229 

4,561 11,966 

4,408 11,220 

4,260 10,784 

3,871 10,478 

3,868 10,622 

3,797 11,162 

3,789 11,716 

3,953 12,586 

4,037 13,151 

3,933 13,078 

3,892 14,236 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-32 

PBGC-Insured Plan Participants by Participant Status 

(1980-2019) 

Active Retired Separated Vested Plan Year Participants Participants Participants 

1980 77.6% 16.0% 6.4% 

1985 72.2% 18.7% 9.1% 

1990 68.1% 19.4% 12.6% 

1995 57.8% 22.9% 19.3% 

1996 55.3% 23.0% 21.8% 

1997 54.7% 23.7% 21.5% 

1998 54.2% 23.8% 22.0% 

1999 53.7% 23.9% 22.4% 

2000 51.9% 24.4% 23.7% 

2001 51.3% 24.6% 24.1% 

2002 49.8% 25.2% 25.0% 

2003 48.6% 25.4% 26.0% 

2004 47.2% 26.1% 26.7% 

2005 45.7% 26.6% 27.6% 

2006 44.8% 27.1% 28.1% 

2007 43.5% 27.8% 28.7% 

2008 43.3% 28.0% 28.7% 

2009 40.2% 29.4% 30.4% 

2010 38.5% 30.9% 30.6% 

2011 37.8% 31.7% 30.5% 

2012 36.9% 33.3% 29.8% 

2013 36.9% 32.9% 30.2% 

2014 36.1% 35.3% 28.6% 

2015 35.8% 35.7% 28.6% 

2016 36.4% 36.0% 27.6% 

2017 34.9% 37.7% 27.4% 

2018 34.9% 37.9% 27.2% 

2019 34.7% 38.3% 27.0% 

Source: Form 5500 Filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

 

1990

1995

2000

2005

2010

2015

- -

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-33 

PBGC-Insured Active Participants as a Percent of Private-Sector 

Wage and Salary Workers (1980-2019) 

Private-Sector Wage Percentage of Private-Sector Wage and Salary Workers 

Year and Salary Workers Single Employer Multiemployer Total PBGC Insured 

(thousands) Active Participants Active Participants Active Participants 

1980 74,095 28.8% 8.2% 37.0% 

1985 82,180 26.2% 6.6% 32.8% 

89,614 24.0% 5.6% 29.6% 

1991 88,875 23.8% 5.4% 29.1% 

1992 90,372 22.8% 5.2% 28.0% 

1993 92,399 21.6% 5.0% 26.6% 

1994 95,595 20.7% 4.7% 25.4% 

96,429 19.6% 4.7% 24.2% 

1996 98,896 18.3% 4.6% 22.9% 

1997 101,999 17.8% 4.5% 22.3% 

1998 103,698 17.5% 4.4% 21.9% 

1999 105,707 17.2% 4.3% 21.5% 

108,097 16.4% 4.3% 20.7% 

2001 106,747 16.5% 4.4% 20.9% 

2002 106,687 16.0% 4.3% 20.3% 

2003 108,331 15.4% 4.2% 19.7% 

2004 109,462 14.9% 4.1% 19.0% 

112,422 13.9% 4.0% 17.9% 

2006 114,520 13.3% 3.9% 17.2% 

2007 115,524 12.8% 3.9% 16.6% 

2008 112,265 13.1% 4.0% 17.0% 

2009 107,103 12.7% 4.0% 16.7% 

108,986 11.8% 3.7% 15.6% 

2011 110,672 11.4% 3.6% 15.0% 

2012 112,600 10.7% 3.4% 14.0% 

2013 114,932 10.2% 3.3% 13.6% 

2014 117,698 9.5% 3.2% 12.7% 

119,565 8.9% 3.1% 12.0% 

2016 121,090 8.6% 3.1% 11.8% 

2017 123,096 7.8% 3.1% 10.9% 

2018 126,013 7.3% 3.1% 10.3% 

2019 127,603 6.7% 3.1% 9.8% 

Sources: PBGC Pension Insurance Data Book Tables S-30, S-32, M-5 and M-7 and data on employed wage and salary workers from Labor Force 

Statistics from the Current Population Survey (Bureau of Labor Statistics, U.S. Department of Labor). 

Notes: 

- Due to rounding of individual items, percentages may not add up across columns. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-34 

PBGC-Insured Hybrid Plans by Plan Size (2001-2019) 

Insured Plans with Insured Plans with Insured Plans with Total Insured Plans 

Beginning 5,000 or More Participants 1,000-4,999 Participants Fewer Than 1,000 Participants 

of Year Total Hybrid Percent Total Hybrid Percent Total Hybrid Percent Total Hybrid Percent 

Plans Plans Hybrid Plans Plans Hybrid Plans Plans Hybrid Plans Plans Hybrid 

2001 32,954 1,227 3.7% 1,166 256 22.0% 2,787 290 10.4% 29,001 681 2.4% 

2002 31,229 1,308 4.2% 1,137 263 23.1% 2,671 310 11.6% 27,421 735 2.7% 

2003 30,611 1,541 5.0% 1,135 303 26.7% 2,569 326 12.7% 26,907 912 3.4% 

2004 30,148 1,756 5.8% 1,137 342 30.1% 2,478 338 13.6% 26,533 1,076 4.1% 

2005 29,605 1,944 6.6% 1,127 342 30.4% 2,404 331 13.8% 26,074 1,271 4.9% 

2006 28,923 2,116 7.3% 1,117 352 31.5% 2,337 347 14.9% 25,469 1,417 5.6% 

2007 29,255 2,439 8.3% 1,128 356 31.6% 2,336 350 15.0% 25,791 1,733 6.7% 

2008 28,876 3,396 11.8% 1,115 357 32.0% 2,339 357 15.3% 25,422 2,682 10.6% 

2009 27,797 3,251 11.7% 1,109 376 33.9% 2,311 364 15.8% 24,377 2,511 10.3% 

2010 26,377 3,606 13.7% 1,062 389 36.6% 2,200 371 16.9% 23,115 2,846 12.3% 

2011 25,607 3,996 15.6% 1,068 392 36.7% 2,142 376 17.6% 22,397 3,228 14.4% 

2012 24,215 4,334 17.9% 1,052 399 37.9% 2,053 375 18.3% 21,110 3,560 16.9% 

2013 23,399 4,814 20.6% 1,032 407 39.4% 1,997 383 19.2% 20,370 4,024 19.8% 

2014 22,344 5,159 23.1% 1,007 401 39.8% 1,951 381 19.5% 19,386 4,377 22.6% 

2015 22,166 5,442 24.6% 986 365 37.0% 1,864 368 19.7% 19,316 4,709 24.4% 

2016 22,333 6,323 28.3% 940 383 40.7% 1,800 375 20.8% 19,593 5,565 28.4% 

2017 22,520 7,261 32.2% 908 379 41.7% 1,712 367 21.4% 19,900 6,515 32.7% 

2018 23,371 8,366 35.8% 868 379 43.7% 1,662 370 22.3% 20,841 7,617 36.5% 

2019 23,694 8,914 37.6% 812 361 44.5% 1,608 362 22.5% 21,274 8,191 38.5% 

Source: Form 5500 Filings 

Notes: 

- Hybrid plans incorporate elements of both defined benefit and defined contribution plans but are treated as defined benefit plans. They often express benefits in terms of an account balance. The two most 

common types of hybrid plans are Cash Balance Plans and Pension Equity Plans. For hybrid plans converted from traditional defined benefit plans, not all participants receive benefits based on the hybrid plan 

design. 

- Due to rounding of individual items, percentages may not add up across columns. 

2020 Data Tables 
 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-35 

PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2019) 

Insured Plans with Insured Plans with Insured Plans with Total Insured Plans 5,000 or More Participants 1,000-4,999 Participants Fewer Than 1,000 Participants 

Beginning Participants Participants Participants Participants of Year Total Percent Total Percent Total Percent Total Percent in Hybrid in Hybrid in Hybrid in Hybrid Participants Hybrid Participants Hybrid Participants Hybrid Participants Hybrid Plans Plans Plans Plans (thousands ) (thousands ) (thousands ) (thousands ) (thousands) (thousands) (thousands) (thousands) 

2001 34,342 7,034 20.5% 24,761 6,180 25.0% 6,045 698 11.5% 3,536 156 4.4% 

2002 34,248 7,915 23.1% 25,110 6,999 27.9% 5,846 763 13.1% 3,292 153 4.6% 

2003 34,406 8,475 24.6% 25,556 7,530 29.5% 5,682 789 13.9% 3,168 156 4.9% 

2004 34,523 9,993 28.9% 25,981 8,979 34.6% 5,491 837 15.2% 3,051 177 5.8% 

2005 34,232 10,333 30.2% 25,900 9,328 36.0% 5,373 821 15.3% 2,959 184 6.2% 

2006 33,933 10,326 30.4% 25,848 9,284 35.9% 5,196 853 16.4% 2,889 189 6.5% 

2007 33,892 10,921 32.2% 25,905 9,842 38.0% 5,149 874 17.0% 2,838 205 7.2% 

2008 33,888 10,687 31.5% 25,954 9,569 36.9% 5,164 878 17.0% 2,770 240 8.7% 

2009 33,833 11,601 34.3% 26,089 10,473 40.1% 5,105 896 17.6% 2,639 232 8.8% 

2010 33,446 12,489 37.3% 26,059 11,343 43.5% 4,903 905 18.5% 2,484 241 9.7% 

2011 33,388 12,642 37.9% 26,259 11,486 43.7% 4,752 914 19.2% 2,377 242 10.2% 

2012 32,517 12,468 38.3% 25,730 11,329 44.0% 4,566 900 19.7% 2,221 239 10.8% 

2013 31,900 12,843 40.3% 25,266 11,644 46.1% 4,468 941 21.1% 2,166 258 11.9% 

2014 30,927 12,508 40.4% 24,506 11,323 46.2% 4,366 934 21.4% 2,055 251 12.2% 

2015 29,830 11,356 38.1% 23,663 10,159 42.9% 4,174 934 22.4% 1,993 263 13.2% 

2016 28,626 11,770 41.1% 22,622 10,553 46.6% 4,079 950 23.3% 1,925 267 13.9% 

2017 27,510 11,571 42.1% 21,779 10,365 47.6% 3,885 936 24.1% 1,846 270 14.6% 

2018 26,215 11,390 43.4% 20,588 10,157 49.3% 3,787 944 24.9% 1,840 289 15.7% 

2019 24,654 10,832 43.9% 19,211 9,621 50.1% 3,679 918 25.0% 1,764 293 16.6% 

Source: Form 5500 Filings 

Notes: 

- Hybrid plans incorporate elements of both defined benefit and defined contribution plans but are treated as defined benefit plans. They often express benefits in terms of an account balance. The two most common types of hybrid 

plans are Cash Balance Plans and Pension Equity Plans. Because most hybrid plans converted from traditional defined benefit plans, not all participants will receive benefits based on the hybrid plan design. 

- Due to rounding of individual items, numbers may not add up across columns and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-36 

PBGC-Insured Plans by Status of Benefit Accruals and 

Participation Freeze (2008-2019) 

Plans With Benefit Accrual or Plan Participation Freeze Provision 

Beginning of Accruals Partially-Frozen Partially-Frozen Total Accrual No Accrual or 

Plan Year Hard- Continue, But and Closed to and Open to or Participation Participation Total Frozen 1 Closed to New 

New Entrants 2 New Entrants 2 Freeze Freeze Entrants 

Number of Plans 

2008 6,072 1,053 574 360 8,059 20,817 28,876 

2009 7,143 1,158 655 390 9,346 18,451 27,797 

2010 7,722 1,171 675 408 9,976 16,401 26,377 

2011 7,738 1,362 740 380 10,220 15,387 25,607 

2012 7,387 1,382 684 328 9,781 14,434 24,215 

2013 6,954 1,351 649 316 9,270 14,129 23,399 

2014 6,182 1,222 617 264 8,285 14,059 22,344 

2015 5,826 1,192 615 255 7,888 14,278 22,166 

2016 5,747 1,126 586 233 7,692 14,641 22,333 

2017 5,539 1,106 602 232 7,479 15,041 22,520 

2018 5,697 1,115 613 237 7,662 15,709 23,371 

2019 5,755 1,060 613 224 7,652 16,042 23,694 

Percent of Plans 

2008 21.0% 3.6% 2.0% 1.2% 27.9% 72.1% 100.0% 

2009 25.7% 4.2% 2.4% 1.4% 33.6% 66.4% 100.0% 

2010 29.3% 4.4% 2.6% 1.5% 37.8% 62.2% 100.0% 

2011 30.2% 5.3% 2.9% 1.5% 39.9% 60.1% 100.0% 

2012 30.5% 5.7% 2.8% 1.4% 40.4% 59.6% 100.0% 

2013 29.7% 5.8% 2.8% 1.4% 39.6% 60.4% 100.0% 

2014 27.7% 5.5% 2.8% 1.2% 37.1% 62.9% 100.0% 

2015 26.3% 5.4% 2.8% 1.2% 35.6% 64.4% 100.0% 

2016 25.7% 5.0% 2.6% 1.0% 34.4% 65.6% 100.0% 

2017 24.6% 4.9% 2.7% 1.0% 33.2% 66.8% 100.0% 

2018 24.4% 4.8% 2.6% 1.0% 32.8% 67.2% 100.0% 

2019 24.3% 4.5% 2.6% 0.9% 32.3% 67.7% 100.0% 

1 Hard frozen plans are those where no active participants are receiving future benefit accruals. 

2 Includes plans where a combination of participation, service or pay are frozen and the plan is not Hard Frozen. 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, percentages may not add up across columns. 

2020 Data Tables 
Complete or Partial Accrual Freeze No Accrual Freeze 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-37 

Active Participants in PBGC-Insured Plans by Status of Benefit Accruals

and Whether a Plan is Open to New Entrants (2008-2019) Revised 12/20/2023 

Beginning of Plan Total Active Accruals Partially Accruals Partially Sub-Total Plan Closed Sub-Total Year Hard- Plan Open to Participants Frozen and Closed Frozen and Open (Active Participants to New (Active Participants Frozen New Entrants 1 

Entrants in Non-Frozen Plans) to New Entrants 2 to New Entrants 2 in Frozen Plans) 

Number of Active Participants (thousands) 

2008 1,202 819 521 2,542 1,357 10,586 11,943 14,485 

2009 1,418 736 468 2,622 1,361 9,649 11,011 13,633 

2010 1,728 969 554 3,250 1,425 8,943 10,368 13,618 

2011 1,533 1,040 585 3,158 1,447 8,017 9,463 12,621 

2012 1,646 1,016 564 3,226 1,491 7,281 8,772 11,998 

2013 2,065 1,063 694 3,822 1,473 6,476 7,949 11,771 

2014 1,975 1,045 637 3,657 1,256 6,244 7,500 11,157 

2015 2,055 1,120 643 3,818 1,271 5,573 6,844 10,662 

2016 2,226 1,042 763 4,031 1,177 5,234 6,411 10,442 

2017 1,882 1,095 629 3,606 1,055 4,944 5,999 9,605 

2018 1,782 974 706 3,462 1,015 4,672 5,687 9,149 

2019 1,659 937 659 3,255 1,054 4,262 5,316 8,571 

Percent of Active Participants 

2008 8.3% 5.7% 3.6% 17.5% 9.4% 73.1% 82.5% 100.0% 

2009 10.4% 5.4% 3.4% 19.2% 10.0% 70.8% 80.8% 100.0% 

2010 12.7% 7.1% 4.1% 23.9% 10.5% 65.7% 76.1% 100.0% 

2011 12.1% 8.2% 4.6% 25.0% 11.5% 63.5% 75.0% 100.0% 

2012 13.7% 8.5% 4.7% 26.9% 12.4% 60.7% 73.1% 100.0% 

2013 17.5% 9.0% 5.9% 32.5% 12.5% 55.0% 67.5% 100.0% 

2014 17.7% 9.4% 5.7% 32.8% 11.3% 56.0% 67.2% 100.0% 

2015 19.3% 10.5% 6.0% 35.8% 11.9% 52.3% 64.2% 100.0% 

2016 21.3% 10.0% 7.3% 38.6% 11.3% 50.1% 61.4% 100.0% 

2017 19.6% 11.4% 6.5% 37.5% 11.0% 51.5% 62.5% 100.0% 

2018 19.5% 10.6% 7.7% 37.8% 11.1% 51.1% 62.2% 100.0% 

2019 19.4% 10.9% 7.7% 38.0% 12.3% 49.7% 62.0% 100.0% 

1

 Hard frozen plans are those where no active participants are receiving future benefit accruals. 

2

 Includes plans where a combination of participation, service or pay are frozen and the plan is not Hard Frozen. 

Sources: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns and percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-38 

PBGC-Insured Plans, Participants and Premiums by Industry (2019) 

Number of Insured Participants Premiums 1 

Industry Insured Plans (thousands) ($ millions) 

AGRICULTURE, MINING, AND CONSTRUCTION 2,720 11.5% 418 1.7% $137 2.1% 

MANUFACTURING 4,174 17.6% 10,020 40.6% 2,989 46.9% 

Chemical and Allied Products 397 1.7% 1,232 5.0% 408 6.4% 

Computer and Electronic Products 177 0.7% 677 2.7% 201 3.2% 

Electrical Equipment 208 0.9% 894 3.6% 420 6.6% 

Fabricated Metal Products 623 2.6% 305 1.2% 95 1.5% 

Food, Beverage and Tobacco Products 413 1.7% 931 3.8% 199 3.1% 

Machinery Manufacturing 387 1.6% 637 2.6% 183 2.9% 

Motor Vehicle Equipment 162 0.7% 1,257 5.1% 268 4.2% 

Paper Manufacturing 123 0.5% 306 1.2% 103 1.6% 

Petroleum and Coal Products 84 0.4% 438 1.8% 66 1.0% 

Primary Metals 241 1.0% 320 1.3% 143 2.2% 

Other Manufacturing 1,359 5.7% 3,023 12.3% 902 14.2% 

TRANSPORTATION AND PUBLIC UTILITIES 823 3.5% 2,302 9.3% 705 11.1% 

Air Transportation 54 0.2% 542 2.2% 211 3.3% 

Other Transportation 466 2.0% 750 3.0% 142 2.2% 

Public Utilities 303 1.3% 1,010 4.1% 352 5.5% 

INFORMATION 603 2.5% 1,619 6.6% 427 6.7% 

WHOLESALE TRADE 1,881 7.9% 549 2.2% 122 1.9% 

RETAIL TRADE 1,139 4.8% 767 3.1% 117 1.8% 

FINANCE, INSURANCE, AND REAL ESTATE 4,173 17.6% 3,510 14.2% 474 7.4% 

SERVICES 7,629 32.2% 5,318 21.6% 1,341 21.1% 

Health Care 1,843 7.8% 2,748 11.1% 720 11.3% 

Other Services 5,786 24.4% 2,570 10.4% 622 9.8% 

NON-PROFIT ORGANIZATIONS 552 2.3% 151 0.6% 58 0.9% 

TOTAL 23,694 100.0% 24,654 100.0% $6,370 100.0% 

1 Beginning in 2016 Data Tables, this figure excludes termination premium revenues. 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers and percentages may not add up to totals. 

- Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

2020 Data Tables 
 

 

 

 

-

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-39 

PBGC's Historical Premium Rates (1974-2023) 

Premium for Certain Flat-Rate Premium Variable-Rate Premium 1 

Terminated Plans 

Plan Year(s) Beginning Rate per $1,000 of Per Participant Rate per Participant Rate per Participant Unfunded Vested 

Cap 2 (applicable for three years) Liabilities 4 

September 2, 1974 - December 31, 1977 $1.00 -- -- --

1978 - 1985 $2.60 -- -- --

1986 - 1987 $8.50 -- -- --

1988 - 1990 $16.00 $6.00 $34 --

1991 - 1993 $19.00 $9.00 $53 --

1994 - 1997 $19.00 $9.00 $533 --

1998 - 2005 $19.00 $9.00 No cap --

2006 $30.00 $9.00 No cap $1,250 

2007 $31.00 $9.00 No cap $1,250 

2008 $33.00 $9.00 No cap $1,250 

2009 $34.00 $9.00 No cap $1,250 

2010 - 2012 $35.00 $9.00 No cap $1,250 

2013 $42.00 $9.00 $400 $1,250 

2014 $49.00 $14.00 $412 $1,250 

2015 $57.00 $24.00 $418 $1,250 

2016 $64.00 $30.00 $500 $1,250 

2017 $69.00 $34.00 $517 $1,250 

2018 $74.00 $38.00 $523 $1,250 

2019 $80.00 $43.00 $541 $1,250 

2020 $83.00 $45.00 $561 $1,250 

2021 $86.00 $46.00 $582 $1,250 

2022 $88.00 $48.00 $598 $1,250 

2023 $96.00 $52.00 $652 $1,250 

1

 For plan years beginning in 1990 – 2007, plans that satisfied specified criteria regarding contribution requirements were exempt from the Variable Rate Premium (VRP). 

2 For plan years beginning after 2006, plans sponsored by small employers (generally fewer than 25 employees) qualify for an alternative cap (i.e., $5 times the square of the 

number of plan participants). For such plans, the maximum VRP owed is the lesser of the small-employer cap and the general VRP cap shown above. 

3

 The Retirement Protection Act of 1994 phased out the $53 per-participant cap on VRP subject to a three-year transition period. During the transition period, (i.e., for plan years 

beginning between 7/1/1994 and 6/30/1996), the VRP per-participant cap was equal to $53 plus a percentage of the difference between the uncapped per-participant VRP and 

$53. For the 1997 plan year, the VRP cap only applied to Regulated Public Utility Plans. MAP-21 re-established a cap on the VRP that was first applied to plan years beginning in 

2013. 

4

 For plan years after 2023, inflationary indexing of the VRP rate is eliminated and the rate is frozen at $52 per $1,000 of unfunded vested liabilities. 

2020 Data Tables 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-40 

PBGC Premium Revenue (1980-2021) 

Termination Premium, Flat-Rate Variable-Rate Total Net of Bad Debt Fiscal Year Premium Premium Premium Expense 1 

($ millions) ($ millions) ($ millions) ($ millions) 

1980 $71 100.0% --- --- --- --- $71 

1985 $82 100.0% --- --- --- --- $82 

1990 $509 77.2% $150 22.8% --- --- $659 

1995 $587 70.0% $251 30.0% --- --- $838 

1996 $600 52.4% $546 47.6% --- --- $1,146 

1997 $646 60.5% $421 39.5% --- --- $1,067 

1998 $642 66.5% $324 33.5% --- --- $966 

1999 $611 67.7% $291 32.3% --- --- $902 

2000 $661 81.9% $146 18.1% --- --- $807 

2001 $674 82.1% $147 17.9% --- --- $821 

2002 $654 83.1% $133 16.9% --- --- $787 

2003 $647 68.2% $301 31.8% --- --- $948 

2004 $654 44.9% $804 55.1% --- --- $1,458 

2005 $664 45.8% $787 54.2% --- --- $1,451 

2006 $892 61.9% $550 38.1% --- --- $1,442 

2007 $1,057 71.6% $358 24.3% $61 4.1% $1,476 

2008 $1,104 78.7% $241 17.2% $57 4.1% $1,402 

2009 $1,126 61.8% $696 38.2% --- --- $1,822 

2010 $1,188 53.2% $1,043 46.8% --- --- $2,231 

2011 $1,143 55.2% $929 44.8% --- --- $2,072 

2012 $1,123 42.5% $1,495 56.6% $24 0.9% $2,642 

2013 $1,275 43.3% $1,580 53.7% $88 3.0% $2,943 

2014 $1,379 36.2% $2,439 64.0% ($6) -0.2% $3,812 

2015 $1,556 37.6% $2,565 62.0% $17 0.4% $4,138 

2016 $1,744 27.3% $4,639 72.7% ($4) -0.1% $6,379 

2017 $1,785 26.5% $4,948 73.4% $6 0.1% $6,739 

2018 $1,804 32.7% $3,702 67.1% $12 0.2% $5,518 

2019 $1,882 29.6% $4,488 70.7% ($18) -0.3% $6,352 

2020 $1,874 33.1% $3,770 66.6% $19 0.3% $5,663 

2021 $1,829 40.5% $2,628 58.3% $54 1.2% $4,511 

1 Beginning in 2009, PBGC began reporting premium income net of bad debt expense for premium, interest, and penalties. These 

components are combined with any termination premiums collected. 

Source: Annual Report 

Notes: 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-41 

PBGC Premium Revenue by Plan Size and Premium Type (2019) 

Number of Plan Flat-Rate Premium Variable-Rate Premium Total Premium 1 

Participants ($ millions) ($ millions) ($ millions) 

Fewer than 100 

100 - 499 

500 - 999 

1,000 - 2,499 

2,500 - 4,999 

5,000 - 9,999 

10,000 or more 

$25 1.3% 

58 3.1% 

54 2.9% 

121 6.4% 

154 8.2% 

192 10.2% 

1,279 68.0% 

$41 0.9% 

171 3.8% 

172 3.8% 

383 8.5% 

453 10.1% 

533 11.9% 

2,735 60.9% 

$66 1.0% 

228 3.6% 

226 3.5% 

504 7.9% 

606 9.5% 

725 11.4% 

4,015 63.0% 

Total $1,882 100.0% $4,488 100.0% $6,370 100.0% 

Percent of Total 2 29.5% 70.5% 100.0% 

1

 Excludes termination premium revenues. 

2

 "Percent of Total" represents the proportion of total premiums made up of the flat-rate and variable-rate premiums, respectively. 

Sources: PBGC Premium Filings and Annual Report 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

--- ---

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-42 

PBGC-Insured Plans and Participants by Total Premium Paid (2019) 

Percent of Percent of Variable-Rate Premium (VRP) Number of Percent of All Participants Participants Percent of All Plans Paying Expressed on a Participant Basis Plans Plans (thousands) in Plans Participants VRP Paying VRP 

No Variable-Rate Premium Paid 

Total Variable-Rate Premium Payers 

$0.01 - $49.99 

$50.00 - $99.99 

$100.00 - $199.99 

$200.00 - $299.99 

$300.00 - $399.99 

$400.00 - VRP Cap 

VRP Capped at $541.00 

11,482 --- 48.5% 

12,212 100.0% 51.5% 

4,893 40.1% 20.7% 

1,603 13.1% 6.8% 

1,166 9.5% 4.9% 

751 6.1% 3.2% 

619 5.1% 2.6% 

617 5.1% 2.6% 

2,563 21.0% 10.8% 

11,280 --- 45.8% 

13,374 100.0% 54.2% 

806 6.0% 3.3% 

820 6.1% 3.3% 

2,006 15.0% 8.1% 

1,566 11.7% 6.4% 

1,205 9.0% 4.9% 

1,029 7.7% 4.2% 

5,942 44.4% 24.1% 

Total 23,694 100.0% 24,654 100.0% 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
 

 

 

 

 

 

-

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-43 

PBGC-Insured Plans and Participants by Variable-Rate Premium Status 

(1992-2019)1 

Plan Year 

Percentage of Variable-Rate Premium Spot Rates 2 

Percentage of Participants in Plans Paying Pre PPA Single Standard Method 3 

Plans Paying Variable-Rate Discount Rate Variable-Rate First Second Third 

Premium Premium Segment 4 Segment 4 Segment 4 

1992 30.8% 27.4% 6.16% 

1993 36.4% 24.9% 5.95% 

1994 43.1% 34.2% 5.00% 

1995 38.5% 23.8% 6.30% 

1996 46.8% 32.1% 4.85% 

1997 37.0% 19.4% 5.24% 

1998 35.6% 16.6% 5.09% 

1999 35.1% 13.2% 4.30% 

2000 28.0% 7.4% 5.40% 

2001 33.5% 8.0% 4.67% 

2002 35.7% 9.8% 5.48% 

2003 45.1% 17.2% 4.92% 

2004 50.0% 33.1% 4.94% 

2005 48.3% 32.5% 4.73% 

2006 38.3% 14.4% 4.86% 

2007 24.5% 11.0% 5.75% 

2008 33.4% 23.7% 4.93% 6.13% 6.69% 

2009 41.7% 46.9% 6.72% 7.12% 6.36% 

2010 53.3% 53.7% 2.35% 5.65% 6.45% 

2011 53.9% 54.2% 1.98% 5.23% 6.52% 

2012 60.7% 62.5% 2.07% 4.45% 5.24% 

2013 60.8% 62.4% 1.00% 3.57% 4.77% 

2014 51.2% 60.7% 1.25% 4.57% 5.60% 

2015 48.5% 58.3% 1.48% 3.77% 4.79% 

2016 52.4% 65.2% 1.82% 4.12% 5.01% 

2017 48.9% 56.8% 2.04% 4.03% 4.82% 

2018 43.5% 45.1% 2.33% 3.55% 4.11% 

2019 51.5% 54.2% 3.38% 4.32% 4.69% 

1 Excludes plans paying PBGC Termination Premium. 

2 Interest rates used to value a vested benefits for PBGC variable-rate premium purposes for plans with premium payment years beginning in January of the respective year. 

3 Standard Method rates are shown for illustrative purposes. See pbgc.gov for a complete description of the rates used for the Alternative Method. 

4 Beginning in 2008, plans were required to use spot segment interest rates published by the IRS for calculating a plan's vested liabilities to determine variable-rate premiums. 

The first segment rate is used to value benefits expected to be paid in the first 5 years, the second segment rate is used to value benefits expected to be paid in the next 15 

years, and the third segment rate is used to value benefits expected to be paid thereafter. 

Source: PBGC Premium Filings 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-44 

Aggregate Funding of PBGC-Insured Plans (1980-2019) 

Beginning 

of Year 

Assets Liabilities 1 Underfunding Overfunding Assumed Funding Ratio ($ millions) ($ millions) ($ millions) ($ millions) Discount Rate 

1980 $259,810 $212,072 123% $20,156 $67,894 8.50% 

1985 $500,673 $308,617 162% $11,182 $203,238 9.75% 

1990 $837,131 $604,047 139% $35,689 $268,773 7.25% 

1991 $848,251 $687,896 123% $34,485 $194,840 7.25% 

1992 $915,722 $771,421 119% $47,528 $191,829 6.25% 

1993 $951,972 $844,803 113% $59,622 $166,791 6.40% 

1994 $1,001,129 $936,698 107% $75,569 $140,000 5.65% 

1995 $1,032,503 $887,730 116% $37,278 $182,050 7.15% 

1996 $1,198,221 $1,134,194 106% $83,071 $147,098 5.30% 

1997 $1,368,188 $1,192,222 115% $47,906 $223,871 5.80% 

1998 $1,491,488 $1,284,725 116% $49,242 $256,005 5.40% 

1999 $1,692,755 $1,455,469 116% $54,237 $291,524 5.30% 

2000 $1,836,184 $1,271,347 144% $6,566 $571,403 7.00% 

2001 $1,714,534 $1,374,416 125% $38,564 $378,682 6.40% 

2002 $1,444,777 $1,435,558 101% $142,573 $151,793 5.70% 

2003 $1,372,490 $1,620,607 85% $298,996 $50,879 5.00% 

2004 $1,590,057 $1,860,514 85% $321,831 $51,373 4.00% 

2005 $1,728,856 $1,946,593 89% $282,953 $65,215 3.90% 

2006 $1,840,181 $1,910,563 96% $185,883 $115,502 4.50% 

2007 $2,006,652 $1,930,465 104% $113,806 $189,993 4.99% 

2008 $2,035,275 $1,889,057 108% $84,932 $231,150 5.37% 

2009 $1,561,308 $1,945,001 80% $414,303 $30,610 5.38% 

2010 $1,784,273 $2,204,591 81% $448,954 $28,637 4.52% 

2011 $2,019,906 $2,377,262 85% $396,346 $38,990 4.26% 

2012 $2,050,785 $2,858,971 72% $823,419 $15,233 2.95% 

2013 $2,166,151 $2,908,473 74% $758,571 $16,249 2.68% 

2014 $2,285,984 $2,642,397 87% $399,306 $42,893 3.54% 

2015 $2,350,663 $2,979,124 79% $649,168 $20,708 2.46% 

2016 $2,236,296 $2,846,388 79% $625,350 $15,259 2.81% 

2017 $2,235,459 $2,822,475 79% $602,970 $15,955 2.55% 

2018 $2,470,494 $3,008,454 82% $560,146 $22,186 2.22% 

2019 $2,308,452 $2,772,811 83% $492,287 $27,928 3.01% 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown, as of the beginning of the calendar year, based 

on an assumed mortality table and durations. The liabilities are an estimate of the cost to purchase an annuity. 

Sources: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-45 

Aggregate Funding of Underfunded PBGC-Insured Plans 

(1980-2019) 

Beginning Assets Liabilities 1 Underfunding Funding Assumed 

of Year ($ millions) ($ millions) ($ millions) Ratio Discount Rate 

1980 $53,840 $73,996 $20,156 73% 8.50% 

1985 $28,722 $39,904 $11,182 72% 9.75% 

1990 $95,068 $130,758 $35,689 73% 7.25% 

1991 $147,301 $181,786 $34,485 81% 7.25% 

1992 $172,372 $219,900 $47,528 78% 6.25% 

1993 $215,695 $275,317 $59,622 78% 6.40% 

1994 $308,516 $384,085 $75,569 80% 5.65% 

1995 $218,493 $255,771 $37,278 85% 7.15% 

1996 $493,597 $576,668 $83,071 86% 5.30% 

1997 $353,823 $401,729 $47,906 88% 5.80% 

1998 $358,514 $407,756 $49,242 88% 5.40% 

1999 $413,446 $467,683 $54,237 88% 5.30% 

2000 $63,218 $69,784 $6,566 91% 7.00% 

2001 $308,514 $347,078 $38,564 89% 6.40% 

2002 $778,351 $920,925 $142,573 85% 5.70% 

2003 $1,069,966 $1,368,962 $298,996 78% 5.00% 

2004 $1,229,811 $1,551,642 $321,831 79% 4.00% 

2005 $1,197,558 $1,480,512 $282,953 81% 3.90% 

2006 $971,052 $1,156,935 $185,883 84% 4.50% 

2007 $815,236 $929,042 $113,806 88% 4.99% 

2008 $698,799 $783,731 $84,932 89% 5.37% 

2009 $1,376,306 $1,790,608 $414,303 77% 5.38% 

2010 $1,576,485 $2,025,439 $448,954 78% 4.52% 

2011 $1,694,339 $2,090,685 $396,346 81% 4.26% 

2012 $1,935,907 $2,759,325 $823,419 70% 2.95% 

2013 $2,067,202 $2,825,773 $758,571 73% 2.68% 

2014 $1,949,946 $2,349,252 $399,306 83% 3.54% 

2015 $2,179,429 $2,828,597 $649,168 77% 2.46% 

2016 $2,107,030 $2,732,380 $625,350 77% 2.81% 

2017 $2,087,057 $2,690,027 $602,970 78% 2.55% 

2018 $2,210,767 $2,770,913 $560,146 80% 2.22% 

2019 $2,029,099 $2,521,386 $492,287 81% 3.01% 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown, as of the 

beginning of the calendar year, based on an assumed mortality table and durations. The liabilities are an estimate of the cost to 

purchase an annuity. 

Sources: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-46 

Aggregate Funding of Overfunded PBGC-Insured Plans 

(1980-2019) 

Beginning Assets Liabilities 1 Overfunding Funding Assumed 

of Year ($ millions) ($ millions) ($ millions) Ratio Discount Rate 

1980 $205,970 $138,076 $67,894 149% 8.50% 

1985 $471,951 $268,713 $203,238 176% 9.75% 

1990 $742,063 $473,289 $268,773 157% 7.25% 

1991 $700,950 $506,110 $194,840 139% 7.25% 

1992 $743,350 $551,520 $191,829 135% 6.25% 

1993 $736,277 $569,486 $166,791 129% 6.40% 

1994 $692,613 $552,613 $140,000 125% 5.65% 

1995 $814,009 $631,959 $182,050 129% 7.15% 

1996 $704,624 $557,526 $147,098 126% 5.30% 

1997 $1,014,365 $790,494 $223,871 128% 5.80% 

1998 $1,132,974 $876,969 $256,005 129% 5.40% 

1999 $1,279,309 $987,785 $291,524 130% 5.30% 

2000 $1,772,966 $1,201,563 $571,403 148% 7.00% 

2001 $1,406,020 $1,027,338 $378,682 137% 6.40% 

2002 $666,426 $514,633 $151,793 130% 5.70% 

2003 $302,524 $251,645 $50,879 120% 5.00% 

2004 $360,246 $308,872 $51,373 117% 4.00% 

2005 $531,297 $466,082 $65,215 114% 3.90% 

2006 $869,129 $753,627 $115,502 115% 4.50% 

2007 $1,191,416 $1,001,423 $189,993 119% 4.99% 

2008 $1,336,476 $1,105,326 $231,150 121% 5.37% 

2009 $185,002 $154,393 $30,610 120% 5.38% 

2010 $207,789 $179,152 $28,637 116% 4.52% 

2011 $325,567 $286,577 $38,990 114% 4.26% 

2012 $114,878 $99,646 $15,233 115% 2.95% 

2013 $98,949 $82,700 $16,249 120% 2.68% 

2014 $336,038 $293,145 $42,893 115% 3.54% 

2015 $171,234 $150,526 $20,708 114% 2.46% 

2016 $129,266 $114,007 $15,259 113% 2.81% 

2017 $148,403 $132,448 $15,955 112% 2.55% 

2018 $259,727 $237,541 $22,186 109% 2.22% 

2019 $279,353 $251,425 $27,928 111% 3.01% 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown, as of the 

beginning of the calendar year, based on an assumed mortality table and durations. The liabilities are an estimate of the cost to 

purchase an annuity. 

Sources: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-47 

Concentration of Underfunding in PBGC-Insured Plans 

(1990-2019) 

Total 10 Plans With the Next 40 Plans' All Other Plans' Beginning Underfunding 1 Highest Underfunding Underfunding Underfunding of Year 

($ millions) ($ millions) ($ millions) ($ millions) 

1990 $35,689 $14,119 39.6% $6,487 18.2% $15,083 42.3% 

1991 $34,485 $14,067 40.8% $6,884 20.0% $13,534 39.3% 

1992 $47,528 $21,610 45.5% $7,818 16.5% $18,100 38.1% 

1993 $59,622 $25,894 43.4% $9,337 15.7% $24,392 40.9% 

1994 $75,569 $28,658 37.9% $10,310 13.6% $36,601 48.4% 

1995 $37,278 $6,535 17.5% $7,921 21.3% $22,822 61.2% 

1996 $83,071 $13,850 16.7% $16,410 19.8% $52,810 63.6% 

1997 $47,906 $7,751 16.2% $8,473 17.7% $31,682 66.1% 

1998 $49,242 $14,432 29.3% $6,942 14.1% $27,868 56.6% 

1999 $54,237 $11,500 21.2% $9,018 16.6% $33,719 62.2% 

2000 $6,566 $1,631 24.8% $1,077 16.4% $3,858 58.8% 

2001 $38,564 $12,776 33.1% $7,254 18.8% $18,534 48.1% 

2002 $142,573 $33,691 23.6% $25,933 18.2% $82,949 58.2% 

2003 $298,996 $34,922 11.7% $59,169 19.8% $204,905 68.5% 

2004 $321,831 $34,899 10.8% $62,414 19.4% $224,517 69.8% 

2005 $282,953 $29,255 10.3% $50,825 18.0% $202,874 71.7% 

2006 $185,883 $23,881 12.9% $31,663 17.0% $130,339 70.1% 

2007 $113,806 $16,621 14.6% $20,358 17.9% $76,827 67.5% 

2008 $84,932 $19,242 22.7% $15,397 18.1% $50,293 59.2% 

2009 $414,303 $55,607 13.4% $76,158 18.4% $282,538 68.2% 

2010 $448,954 $63,561 14.2% $79,670 17.8% $305,723 68.1% 

2011 $396,346 $59,146 14.9% $67,937 17.1% $269,263 67.9% 

2012 $823,419 $126,148 15.3% $148,347 18.0% $548,924 66.7% 

2013 $758,571 $113,523 15.0% $143,041 18.9% $502,007 66.2% 

2014 $399,306 $67,242 16.8% $76,984 19.3% $255,081 63.9% 

2015 $649,168 $107,630 16.6% $127,262 19.6% $414,276 63.8% 

2016 $625,350 $105,735 16.9% $119,889 19.2% $399,726 63.9% 

2017 $602,970 $106,319 17.6% $119,078 19.8% $377,573 62.6% 

2018 $560,146 $97,543 17.4% $102,927 18.4% $359,676 64.2% 

2019 $492,287 $86,428 17.6% $91,508 18.6% $314,351 63.9% 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown in Table S-46, as of the beginning 

of the calendar year, based on an assumed mortality table and durations. The liabilities are an estimate of the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

 

 

--- ---

--- ---

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-48 

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2019) 

Participants Liabilities 1 Total Underfunding Total Overfunding Funding Ratio Plans 

(thousands) ($ millions) ($ millions) ($ millions) 

Less than 40% 94 0.4% 8 0.0% $579 0.0% $385 0.1% --- ---

40% - 49% 209 0.9% 30 0.1% 2,454 0.1% 1,299 0.3% --- ---

50% - 59% 1,415 6.0% 649 2.6% 72,760 2.6% 31,178 6.3% --- ---

60% - 69% 4,424 18.7% 2,858 11.6% 343,388 12.4% 117,472 23.9% --- ---

70% - 79% 5,933 25.0% 5,878 23.8% 726,750 26.2% 182,194 37.0% --- ---

80% - 89% 4,460 18.8% 8,212 33.3% 854,158 30.8% 129,261 26.3% --- ---

90% - 99% 2,444 10.3% 4,397 17.8% 521,296 18.8% 30,499 6.2% --- ---

100% - 109% 2,396 10.1% 1,675 6.8% 159,873 5.8% --- --- $7,338 26.3% 

110% - 119% 685 2.9% 615 2.5% 62,217 2.2% --- --- 8,352 29.9% 

120% - 129% 393 1.7% 122 0.5% 12,689 0.5% --- --- 3,096 11.1% 

130% - 139% 209 0.9% 100 0.4% 7,288 0.3% --- --- 2,497 8.9% 

140% - 149% 143 0.6% 16 0.1% 719 0.0% --- --- 319 1.1% 

150% or More 889 3.8% 94 0.4% 8,639 0.3% --- --- 6,326 22.7% 

Total 23,694 100.0% 24,654 100.0% $2,772,811 100.0% $492,287 100.0% $27,928 100.0% 

Underfunded 18,979 80.1% 22,032 89.4% $2,521,386 90.9% $492,287 100.0% 

Overfunded 4,715 19.9% 2,622 10.6% $251,425 9.1% $27,928 100.0% 

1 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown in table S-46, as of the beginning of the calendar year, based on an assumed 

mortality table and durations. The liabilities are an estimate of the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-49 

Various Measures of Underfunding in 

PBGC-Insured Plans (1992-2020)

(A) (B) (C) (D) 

Form 5500 Variable-Rate Reasonably Total in PBGC- Year 

Filings 1 Premium Filings 2 Possible Plans 3 Insured Plans 4 

($ billions) ($ billions) ($ billions) ($ billions) 

1992 $47.53 $31.67 $12.36 $74.00 

1993 $59.62 $31.67 $13.06 $84.20 

1994 $75.57 $34.11 $18.23 $109.30 

1995 $37.28 $27.89 $14.56 $61.70 

1996 $83.07 $60.67 $22.47 $94.50 

1997 $47.91 $46.78 $20.73 $99.60 

1998 $49.24 $36.00 $15.38 $87.80 

1999 $54.23 $32.33 $17.50 $104.70 

2000 $6.57 $16.22 $3.79 $22.80 

2001 $38.56 $16.33 $9.54 $39.40 

2002 $142.57 $14.78 $34.10 $163.90 

2003 $299.00 $33.44 $83.92 $419.70 

2004 $321.83 $89.33 $95.67 $452.10 

2005 $282.95 $87.44 $108.04 $431.80 

2006 $185.88 $61.11 $73.30 $313.80 

2007 $114.65 $39.78 $65.67 $225.10 

2008 $84.93 $26.78 $46.73 $150.00 

2009 $414.16 $77.33 $167.86 $478.90 

2010 $448.95 $115.90 $169.74 $514.06 

2011 $396.35 $103.22 $227.12 $462.80 

2012 $823.42 $166.11 $294.63 $903.48 

2013 $758.57 $190.88 $292.21 $831.72 

2014 $399.30 $161.45 $167.11 $452.94 

2015 $649.17 $186.63 $217.70 $712.56 

2016 $625.35 $234.37 $223.28 $682.17 

2017 $602.97 $202.55 $238.19 $657.12 

2018 $560.15 $144.84 $175.44 $619.20 

2019 $492.29 $144.79 $154.67 $541.62 

2020 --- $206.05 $176.19 ---

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown in 

table S-46, as of the beginning of the calendar year, based on an assumed mortality table and durations. The liabilities 

are an estimate of the cost to purchase an annuity. 

2

 Unfunded vested liability data used to calculate the PBGC variable-rate premium. 

3

 Underfunding associated with plans deemed Reasonably Possible by PBGC. Reasonably Possible plans are generally 

those with less than investment grade bond ratings. 

4

 Estimated total liabilities (vested & nonvested) as reported on the Form 5500 with the same discount rate adjustment 

described in (A) above. 

Source: Form 5500 filings and PBGC Annual Report 

Notes: 

- Columns (A), (B) and (D) represent the universe of PBGC-insured plans. The number of plans included in column (C) 

may differ from year to year. 

2020 Data Tables 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-50 

Funding of PBGC-Insured Plans by Industry (2019) 

Industry Liabilities 1 Total Underfunding Total Overfunding Industry Funding Ratio ($ millions) ($ millions) ($ millions) 

AGRICULTURE, MINING, AND CONSTRUCTION 78.7% $35,176 1.3% $7,741 1.6% $248 0.9% 

MANUFACTURING 82.5% 1,239,483 44.7% 225,815 45.9% 8,913 31.9% 

Chemical and Allied Products 81.9% 179,185 6.5% 33,479 6.8% 1,032 3.7% 

Computer and Electronic Products 88.3% 76,556 2.8% 12,580 2.6% 3,627 13.0% 

Electrical Equipment 75.1% 122,800 4.4% 30,908 6.3% 361 1.3% 

Fabricated Metal Products 78.9% 25,817 0.9% 5,563 1.1% 105 0.4% 

Food and Tobacco Products 86.7% 96,366 3.5% 13,180 2.7% 337 1.2% 

Machinery Manufacturing 89.6% 60,393 2.2% 8,531 1.7% 2,249 8.1% 

Motor Vehicle Equipment 87.8% 161,430 5.8% 20,151 4.1% 445 1.6% 

Paper Manufacturing 81.2% 27,427 1.0% 5,218 1.1% 71 0.3% 

Petroleum and Coal Products 84.0% 69,899 2.5% 11,210 2.3% 16 0.1% 

Primary Metals 73.1% 31,006 1.1% 8,370 1.7% 20 0.1% 

Other Manufacturing 80.4% 388,604 14.0% 76,625 15.6% 649 2.3% 

TRANSPORTATION AND PUBLIC UTILITIES 79.2% 362,531 13.1% 76,272 15.5% 1,037 3.7% 

Air Transportation 72.5% 79,559 2.9% 21,868 4.4% 4 0.0% 

Other Transportation 83.2% 72,053 2.6% 12,411 2.5% 301 1.1% 

Public Utilities 80.4% 210,920 7.6% 41,992 8.5% 731 2.6% 

INFORMATION 81.6% 165,518 6.0% 30,489 6.2% 115 0.4% 

WHOLESALE TRADE 83.0% 45,832 1.7% 8,370 1.7% 591 2.1% 

RETAIL TRADE 82.0% 35,214 1.3% 6,386 1.3% 55 0.2% 

FINANCE, INSURANCE AND REAL ESTATE 93.7% 334,695 12.1% 32,796 6.7% 11,754 42.1% 

SERVICES 82.2% 531,184 19.2% 99,435 20.2% 4,904 17.6% 

Health Care 78.4% 217,749 7.9% 47,136 9.6% 156 0.6% 

Other Services 84.8% 313,435 11.3% 52,299 10.6% 4,748 17.0% 

NON-PROFIT ORGANIZATIONS 79.9% 23,177 0.8% 4,982 1.0% 312 1.1% 

TOTAL 83.3% $2,772,811 100.0% $492,287 100.0% $27,928 100.0% 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown on table S-46, as of the beginning of the calendar year, based on an 

assumed mortality table and durations. The liabilities are an estimate of the cost to purchase an annuity. 

Sources: Form 5500 filings 

Notes: 

- Due to rounding of individual items, numbers and percentages may not add up to totals. 

- Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-51 

Pension Funding Data for PBGC-Insured Plans by Region and State (2019) 

Overfunded Underfunded Total 

Region / State Assets Liabilities 1 Overfunding Assets Liabilities 1 Underfunding Assets Liabilities 1 

($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) 

NEW ENGLAND $26,158 $23,484 $2,674 $145,816 $181,406 $35,590 $171,974 $204,889 

Connecticut 881 845 35 71,117 87,304 16,187 71,998 88,150 

Maine 184 139 45 3,745 5,254 1,509 3,929 5,394 

Massachusetts 2,193 1,834 359 58,624 73,433 14,809 60,817 75,267 

New Hampshire 106 96 10 2,566 3,600 1,034 2,673 3,696 

Rhode Island 22,676 20,459 2,217 8,633 10,435 1,803 31,309 30,894 

Vermont 119 111 8 1,130 1,378 248 1,249 1,489 

MID-ATLANTIC $94,326 $84,116 $10,210 $642,971 $806,328 $163,357 $737,297 $890,444 

Delaware 20 16 4 19,025 24,440 5,415 19,045 24,456 

District of Columbia 147 143 4 13,231 16,450 3,219 13,378 16,593 

Maryland 698 498 201 46,389 67,085 20,696 47,087 67,583 

New Jersey 58,775 53,110 5,664 159,535 189,894 30,359 218,310 243,005 

New York 16,587 15,260 1,327 225,839 274,004 48,165 242,426 289,264 

Pennsylvania 10,661 9,923 737 86,015 110,542 24,527 96,675 120,465 

Virginia 7,245 4,982 2,263 91,576 121,895 30,320 98,820 126,877 

West Virginia 194 184 10 1,362 2,017 656 1,555 2,201 

SOUTHEAST $29,057 $25,298 $3,759 $257,680 $323,005 $65,325 $286,737 $348,303 

Alabama 1,718 1,653 65 5,194 6,383 1,189 6,912 8,037 

Arkansas 142 113 29 1,391 1,923 532 1,532 2,036 

Florida 5,053 4,218 835 27,242 35,453 8,211 32,295 39,670 

Georgia 2,825 2,594 231 107,737 133,182 25,445 110,562 135,776 

Kentucky 417 363 55 8,096 9,955 1,859 8,514 10,318 

Louisiana 807 696 111 7,405 10,704 3,299 8,213 11,400 

Mississippi 1,136 1,026 111 1,493 1,853 359 2,630 2,878 

North Carolina 11,531 9,628 1,903 41,322 49,676 8,354 52,853 59,304 

South Carolina 475 407 67 9,674 13,223 3,549 10,148 13,630 

Tennessee 4,952 4,600 352 48,126 60,654 12,528 53,078 65,254 

GREAT LAKES $72,475 $66,301 $6,174 $552,923 $675,397 $122,474 $625,397 $741,698 

Illinois 49,486 45,632 3,854 167,531 213,786 46,255 217,017 259,418 

Indiana 3,353 3,088 265 22,592 27,525 4,933 25,945 30,613 

Michigan 3,017 2,589 427 170,346 203,072 32,726 173,362 205,661 

Minnesota 5,061 4,484 577 85,823 99,182 13,359 90,884 103,666 

Ohio 4,854 4,388 466 75,318 93,988 18,670 80,172 98,377 

Wisconsin 6,705 6,119 585 31,313 37,844 6,531 38,017 43,963 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-51 

Pension Funding Data for PBGC-Insured Plans by Region and State (2019) 

Overfunded Underfunded Total 

Region / State Assets Liabilities 1 Overfunding Assets Liabilities 1 Underfunding Assets Liabilities 1 

($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) 

MIDWEST $10,470 $9,553 $917 $52,410 $66,058 $13,648 $62,880 $75,611 

Iowa 479 439 40 9,650 11,582 1,932 10,129 12,021 

Kansas 1,516 1,322 194 5,812 7,759 1,947 7,328 9,081 

Missouri 4,443 4,008 435 27,385 34,819 7,433 31,829 38,827 

Nebraska 40 30 11 1,017 1,324 308 1,057 1,354 

North Dakota 3,979 3,747 232 7,802 9,585 1,783 11,781 13,332 

South Dakota 12 8 5 744 989 245 756 996 

SOUTHWEST $30,557 $27,796 $2,761 $195,440 $247,430 $51,989 $225,998 $275,226 

Arizona 246 205 41 10,121 13,135 3,014 10,367 13,340 

New Mexico 101 87 14 11,152 14,566 3,415 11,253 14,654 

Oklahoma 83 74 9 4,749 6,064 1,315 4,832 6,138 

Texas 30,127 27,429 2,697 169,419 213,664 44,245 199,546 241,094 

ROCKY MOUNTAIN $348 $279 $69 $24,809 $30,521 $5,712 $25,157 $30,800 

Colorado 110 89 22 6,051 7,992 1,941 6,161 8,081 

Idaho 93 65 28 3,986 5,310 1,325 4,078 5,375 

Montana 6 5 1 676 958 282 682 963 

Nevada 24 18 6 2,490 3,239 749 2,514 3,258 

Utah 93 85 8 11,495 12,880 1,385 11,588 12,965 

Wyoming 22 16 5 111 142 30 133 158 

PACIFIC $15,932 $14,568 $1,364 $151,498 $183,546 $32,048 $167,430 $198,114 

Alaska 224 186 39 398 576 178 623 762 

California 12,102 11,218 885 126,007 151,192 25,185 138,109 162,409 

Hawaii 128 122 6 4,356 5,520 1,164 4,484 5,642 

Oregon 613 572 41 7,962 10,358 2,396 8,575 10,930 

Washington 2,864 2,471 393 12,775 15,900 3,125 15,639 18,370 

PUERTO RICO --- --- --- $2,161 $3,058 $897 $2,161 $3,058 

OTHER U.S. TERRITORIES --- --- --- $75 $87 $12 $75 $87 

FOREIGN COUNTRIES $31 $30 $1 $3,317 $4,550 $1,233 $3,348 $4,580 

TOTAL $279,353 $251,425 $27,928 $2,029,099 $2,521,386 $492,287 $2,308,452 $2,772,811 

1

 Liabilities represent vested liabilities reported and have been adjusted to reflect the assumed discount rate shown on table S-46, as of the beginning of the calendar year, based on an assumed mortality 

table and durations. The liabilities are an estimate of the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals or across columns. 

- Funding data is categorized by the state or country of the plan administrator reported on Form 5500. 

2020 Data Tables 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-52 

PBGC Pension Data by Region and State (2020)1 Revised 12/20/2023 

Claims 1975-2020 2020 Coverage 2020 Benefits Paid 2 

Region / State Average Monthly Plans Claims Plans Participants Payees Payments Pension3 

NEW ENGLAND 530 $1,535,094,316 1,364 2,294,211 43,747 $254,032,053 $504 

Connecticut 159 307,022,826 482 1,104,717 9,539 50,118,160 455 

Maine 21 130,037,237 59 66,489 4,081 25,363,319 544 

Massachusetts 259 895,702,729 615 693,718 19,482 119,711,755 533 

New Hampshire 33 72,645,700 76 33,563 6,019 35,205,450 505 

Rhode Island 48 115,204,479 87 383,741 2,505 13,876,447 478 

Vermont 10 14,481,345 45 11,983 2,121 9,756,922 403 

MID-ATLANTIC 1,625 $16,231,142,561 6,486 7,033,664 231,440 $1,379,092,308 $516 

Delaware 20 53,472,906 67 129,195 2,872 18,799,214 570 

District of Columbia 68 183,388,437 176 110,749 587 4,201,946 622 

Maryland 85 193,528,138 441 394,464 17,330 127,969,835 642 

New Jersey 282 1,819,941,345 1,181 1,954,194 26,381 166,613,477 553 

New York 575 3,706,930,677 2,988 2,073,451 57,125 359,865,541 542 

Pennsylvania 461 6,304,059,304 1,093 1,420,706 86,282 486,137,956 489 

Virginia 77 3,061,920,345 451 928,511 24,588 120,512,187 424 

West Virginia 57 907,901,411 89 22,394 16,275 94,992,152 506 

SOUTHEAST 527 $6,267,514,699 3,064 3,297,012 257,674 $1,394,024,541 $466 

Alabama 39 227,579,187 177 81,756 24,065 113,183,280 410 

Arkansas 25 46,202,987 75 21,463 4,948 20,941,763 364 

Florida 126 1,128,823,766 1,025 382,565 67,990 470,928,608 591 

Georgia 90 2,533,936,307 527 1,303,333 35,309 204,057,142 500 

Kentucky 35 124,397,230 215 117,316 11,463 47,439,493 358 

Louisiana 30 100,212,395 135 165,977 6,900 34,494,833 430 

Mississippi 15 78,620,939 79 26,606 9,323 45,613,403 423 

North Carolina 63 553,809,683 419 597,679 48,737 231,624,920 409 

South Carolina 27 173,868,723 161 81,363 23,184 103,313,954 390 

Tennessee 77 1,300,063,483 251 518,954 25,755 122,427,145 412 

GREAT LAKES 1,472 $24,378,822,605 4,176 6,179,339 265,682 $1,749,277,105 $568 

Illinois 351 10,680,085,109 1,161 1,877,631 48,558 319,856,165 569 

Indiana 139 1,589,877,470 330 276,574 39,514 300,507,937 655 

Michigan 393 6,228,190,298 695 1,459,542 57,925 399,228,380 596 

Minnesota 48 210,914,963 410 993,865 10,674 63,323,480 515 

Ohio 434 4,842,014,455 1,209 1,188,681 91,427 556,222,919 523 

Wisconsin 107 827,740,310 371 383,046 17,584 110,138,224 543 

2020 Data Tables 
 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-52 

PBGC Pension Data by Region and State (2020)1 Revised 12/20/2023 

Claims 1975-2020 2020 Coverage 2020 Benefits Paid 2 

Region / State Average Monthly Plans Claims Plans Participants Payees Payments Pension3 

MIDWEST 190 $1,295,104,000 721 680,567 34,362 $187,081,853 $470 

Iowa 63 148,503,156 168 117,948 6,149 19,099,769 269 

Kansas 17 400,795,567 91 99,539 6,493 51,159,063 688 

Missouri 98 733,588,760 303 338,154 18,693 99,861,941 461 

Nebraska 10 11,844,575 94 104,807 1,987 11,129,467 477 

North Dakota 1 119,183 43 8,029 213 778,955 341 

South Dakota 1 252,760 22 12,090 827 5,052,658 526 

SOUTHWEST 224 $1,709,819,165 1,726 1,901,540 50,157 $323,748,313 $561 

Arizona 37 77,984,917 349 111,030 13,483 102,611,255 654 

New Mexico 9 25,958,358 67 35,344 2,470 13,942,187 486 

Oklahoma 27 53,771,904 115 54,278 5,063 24,817,676 426 

Texas 151 1,552,103,986 1,195 1,700,888 29,141 182,377,195 547 

ROCKY MOUNTAIN 63 $311,109,198 703 304,427 26,181 $236,500,961 $780 

Colorado 23 217,108,061 311 101,329 12,954 132,459,082 878 

Idaho 8 12,748,590 64 64,472 2,693 17,272,158 569 

Montana 5 2,934,400 34 5,967 892 7,342,248 703 

Nevada 13 3,420,536 131 18,398 5,961 49,736,160 722 

Utah 12 73,784,496 134 112,785 3,145 25,250,889 691 

Wyoming 2 1,113,114 29 1,476 536 4,440,424 727 

PACIFIC 379 $2,550,048,008 4,901 1,731,853 75,299 $590,565,771 $684 

Alaska 4 50,534,607 30 3,446 742 4,584,260 536 

California 285 1,917,772,560 4,209 1,399,571 50,998 389,965,216 665 

Hawaii 28 154,047,654 142 47,478 5,358 47,128,291 752 

Oregon 26 90,908,184 223 122,344 5,903 39,329,728 620 

Washington 36 336,785,004 297 159,014 12,298 109,558,276 768 

PUERTO RICO 15 $25,199,672 10 24,294 3,414 $10,490,859 $257 

OTHER U.S. TERRITORIES --- --- 9 1,233 150 $516,020 $308 

FOREIGN COUNTRIES 6 $4,613,958 38 34,225 38 $220,102 $432 

TOTAL 5,031 $54,308,468,182 23,198 23,482,365 988,144 $6,125,549,886 $536 

1 Claims and plan coverage data are categorized by the state or country of the plan administrator reported on Form 5500. Benefit payment data is categorized by the residence of the plan 

participant. 

2 Benefits include both annuity payments and lump sum payments. 

3 Average monthly pension amounts are determined using reported benefit payment amounts and include one-time payments. 

Sources: PBGC Fiscal Year Closing File, PBGC Case Management System, PBGC Premium Filings, PBGC Participant System, and fiscal year calculations. 

Notes: 

Benefit data presented in this table are based primarily on data provided by the PBGC’s Payment System (PPS). 

Due to rounding of individual items, numbers may not add up to totals. 

2020 Data Tables 
 

 

 

 

 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-53 

PBGC Maximum Guaranteed Benefits 

(1990-2023) 

Calendar Year of Maximum Monthly Maximum Annual 

Plan Termination Guarantee Guarantee 

1990 $2,164.77 $25,977.24 

1991 $2,250.00 $27,000.00 

1992 $2,352.27 $28,227.24 

1993 $2,437.50 $29,250.00 

1994 $2,556.82 $30,681.84 

1995 $2,573.86 $30,886.32 

1996 $2,642.05 $31,704.60 

1997 $2,761.36 $33,136.32 

1998 $2,880.68 $34,568.16 

1999 $3,051.14 $36,613.68 

2000 $3,221.59 $38,659.08 

2001 $3,392.05 $40,704.60 

2002 $3,579.55 $42,954.60 

2003 $3,664.77 $43,977.24 

2004 $3,698.86 $44,386.32 

2005 $3,801.14 $45,613.68 

2006 $3,971.59 $47,659.08 

2007 $4,125.00 $49,500.00 

2008 $4,312.50 $51,750.00 

2009 $4,500.00 $54,000.00 

2010 $4,500.00 $54,000.00 

2011 $4,500.00 $54,000.00 

2012 $4,653.41 $55,840.92 

2013 $4,789.77 $57,477.24 

2014 $4,943.18 $59,318.16 

2015 $5,011.36 $60,136.32 

2016 $5,011.36 $60,136.32 

2017 $5,369.32 $64,431.84 

2018 $5,420.45 $65,045.40 

2019 $5,607.95 $67,295.40 

2020 $5,812.50 $69,750.00 

2021 $6,034.09 $72,409.08 

2022 $6,204.55 $74,454.60 

2023 $6,750.00 $81,000.00 

Notes: 

- The Employee Retirement Income Security Act of 1974 (ERISA) mandates that the maximum guaranteed benefit 

be adjusted annually based on changes in the Social Security wage base. 

- The maximum guaranteed benefit shown above is payable as a straight life annuity and applies to workers who 

retire at age 65. The maximum guaranteed benefit is increased for retirement after age 65 and reduced for 

retirement before age 65. The maximum guaranteed benefit is also adjusted for benefit payment forms other than 

a straight life annuity. 

- In some instances, where a pension plan has adequate resources or PBGC recovers sufficient amounts, a 

participant may receive benefits in excess of the maximum guaranteed benefit. 

- The Pension Protection Act of 2006 provides that if a plan terminates while the sponsor is in a bankruptcy 

entered into after September 16, 2006, the applicable guarantees will generally be those for the year the sponsor 

entered bankruptcy regardless of the year the plan actually terminates. 

2020 Data Tables 
Lump Sum (LS) Windows Annuity Purchases 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-54 

Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans 

(2015-2020 Premium Reporting1) Revised 12/20/2023 

for Terminated Vested Participants (TVs) (Outside the Course of Routine Plan Operations) Premium 

Reporting Percent of Retirees Percent of TVs Number of Percent of Percent of TVs Acceptance Rate Number of Plans Percent of 

Year Annuitized Annuitized 1 

Plans Offering Plans Offering Offered a LS (Percent Offered a LS that Purchasing Plans Purchasing (In Plans Purchasing (In Plans Purchasing LS Windows LS Windows (In Plans with LS Windows) Accepted Offer) Annuities Annuities Annuities for Retirees) Annuities for TVs) 

2015 932 4.0% 65.0% 49.0% 91 0.4% 40.0% 3.0% 

2016 584 2.0% 62.0% 47.0% 76 0.3% 48.0% 18.0% 

2017 769 3.0% 66.0% 45.0% 159 0.6% 50.0% 17.0% 

2018 446 1.8% 56.7% 42.1% 213 0.9% 43.9% 15.3% 

2019 / 2020 471 1.8% 61.6% 39.1% 315 1.2% 45.0% 15.6% 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days before the premium filing was submitted. 

Subsequent premium filings have reporting windows that generally cover a 12-month period beginning from the ending period of the prior premium filing. Beginning with the 2020 premium reporting year, the reporting period was 

changed to the prior plan year (e.g., 2020 premium filings contain risk transfer information for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period 

beginning from the ending period of the 2018 premium filing. 

The data presented for the 2015 and 2019/2020 premium reporting years represent periods in excess of 12 months. Lump sums paid to retirees that were reported in the 2015 premium filings have been omitted in order to provide 

information comparable to subsequent years. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in the course of routine plan operations, in conjunction 

with a plan termination, upon a participant’s separation from service, under mandatory cash-out provisions, or as part of an incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased 

in the course of routine plan operations, purchased in conjunction with a plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

- Lump sum windows and annuity purchases reported in the premium filing for a plan year may have occurred in either that plan year or the previous plan year. The denominators used to determine the percent of terminated vested 

participants offered lump sums and the percent of annuity purchases for retired participants or terminated vested participants were adjusted to account for reporting periods covering portions of two plan years. 

- The Plan Year is based on the calendar year in which the plan year began. 

2020 Data Tables 
 

Table S-55

Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size (2019)

Single-Employer Program

PBGC SINGLE -EMPLOYER PROGRAM 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) 

in Plans Offering Lump Sum (LS) Windows 

Table S-55 

Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size 

(2019/2020 Premium Reporting1) Revised 12/20/2023 

Annuity Purchases Average Total (Outside the Course of Routine Plan Operations) Participant 

Percent of TVs Percent of Retirees Percent of TVs Reduction in Plans Plan Size Acceptance Rate Number of Percent of Number of Plans Percent of Plans with Partial Risk Offered a LS (Percent of TVs Annuitized Annuitized Plans Offering Plans Offering Purchasing Purchasing Transfer Activity (In Plans with Offered a LS that (In Plans Purchasing (In Plans Purchasing LS Windows LS windows Annuities Annuities LS Windows) Accepted Offer) Annuities for Retirees) Annuities for TVs) 

Fewer than 100 49 0.2% 79.2% 56.6% 34 0.2% 57.6% 36.2% 26.6% 

100 - 499 128 4.1% 81.1% 54.2% 60 1.9% 63.3% 23.8% 22.1% 

500 - 999 68 7.0% 80.0% 45.8% 34 3.5% 47.4% 19.5% 16.8% 

1,000 - 2,499 78 7.9% 78.9% 46.4% 52 5.2% 60.0% 14.3% 20.2% 

2,500 - 4,999 44 7.8% 68.2% 43.1% 46 8.2% 57.9% 44.2% 20.6% 

5,000 - 9,999 41 11.4% 77.6% 42.6% 36 10.0% 58.2% 14.8% 20.4% 

10,000 or more 63 13.9% 58.7% 37.7% 53 11.7% 41.5% 10.1% 14.5% 

All SE Plans 471 1.8% 61.6% 39.1% 315 1.2% 45.0% 15.6% 20.1% 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days before the premium filing was submitted. Subsequent premium filings have reporting 

windows that generally cover a 12-month period beginning from the ending period of the prior premium filing. Beginning with the 2020 premium reporting year, the reporting period was changed to the prior plan year (e.g., 2020 premium filings contain risk transfer 

information for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period beginning from the ending period of the 2018 premium filing. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in the course of routine plan operations, in conjunction with a plan termination, upon a 

participant’s separation from service, under mandatory cash-out provisions, or as part of an incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased in the course of routine plan operations, purchased in conjunction with 

a plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

- Lump sum windows and annuity purchases reported in the premium filing for a plan year may have occurred in either that plan year or the previous plan year. The denominators used to determine the percent of terminated vested participants offered lump sums and the 

percent of annuity purchases for retired participants or terminated vested participants were adjusted to account for reporting periods covering portions of two plan years. 

- Average Total Participant Reduction is derived by first calculating the declines for plans with partial risk transfer activity then finding the average of the plan reductions. This metric is meant to give a sense of the magnitude of the proportion of a plans participants for 

whom PBGC coverage has been removed through risk transfer activity. 

2020 Data Tables 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) 

in Plans Offering Lump Sum (LS) Windows 

Table S-56 

Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size -

Hard-Frozen Plans (2019/2020 Premium Reporting1) Revised 12/20/2023 

Annuity Purchases Average Total (Outside the Course of Routine Plan Operations) Participant 

Percent of TVs Percent of Retirees Percent of TVs Reduction in Plans Plan Size Acceptance Rate Number of Percent of Number of Plans Percent of Plans with Partial Risk Offered a LS (Percent of TVs Annuitized Annuitized Plans Offering Plans Offering Purchasing Purchasing Transfer Activity (In Plans with Offered a LS that (In Plans Purchasing (In Plans Purchasing LS Windows LS windows Annuities Annuities LS Windows) Accepted Offer) Annuities for Retirees) Annuities for TVs) 

Fewer than 100 29 0.8% 83.8% 58.5% 24 0.7% 59.2% 45.3% 30.9% 

100 - 499 81 5.6% 81.0% 56.0% 39 2.7% 64.0% 17.0% 23.9% 

500 - 999 42 8.6% 78.9% 47.5% 23 4.7% 49.0% 19.5% 18.6% 

1,000 - 2,499 43 9.5% 76.7% 48.0% 28 6.2% 62.7% 13.7% 20.9% 

2,500 - 4,999 19 7.4% 60.2% 39.3% 22 8.6% 54.5% 61.6% 21.8% 

5,000 - 9,999 15 10.3% 80.1% 42.9% 16 11.0% 63.4% 23.8% 23.4% 

10,000 or more 20 18.0% 40.8% 34.5% 17 15.3% 36.9% 24.9% 16.3% 

Hard Frozen Plans 249 3.9% 49.3% 38.6% 169 2.6% 42.0% 24.1% 22.6% 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days before the premium filing was submitted. Subsequent premium filings have reporting 

windows that generally cover a 12-month period beginning from the ending period of the prior premium filing. Beginning with the 2020 premium reporting year, the reporting period was changed to the prior plan year (e.g., 2020 premium filings contain risk transfer 

information for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period beginning from the ending period of the 2018 premium filing. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in the course of routine plan operations, in conjunction with a plan termination, upon a 

participant’s separation from service, under mandatory cash-out provisions, or as part of an incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased in the course of routine plan operations, purchased in conjunction with 

a plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

- Lump sum windows and annuity purchases reported in the premium filing for a plan year may have occurred in either that plan year or the previous plan year. The denominators used to determine the percent of terminated vested participants offered lump sums and the 

percent of annuity purchases for retired participants or terminated vested participants were adjusted to account for reporting periods covering portions of two plan years. 

- Average Total Participant Reduction is derived by first calculating the declines for plans with partial risk transfer activity then finding the average of the plan reductions. This metric is meant to give a sense of the magnitude of the proportion of a plan's participants for 

whom PBGC coverage has been removed through Partial Risk Transfer Activity. 

- Hard-frozen plans are plans where no participants are receiving new benefit accruals. 

2020 Data Tables 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) 

in Plans Offering Lump Sum (LS) Windows 

Table S-57 

Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size -

Plans with No Benefit Accrual or Participation Freeze (2019/2020 Premium Reporting1) Revised 12/20/2023 

Annuity Purchases Average Total (Outside the Course of Routine Plan Operations) Participant 

Percent of TVs Percent of Retirees Percent of TVs Reduction in Plans Plan Size Acceptance Rate Number of Percent of Number of Plans Percent of Plans with Partial Risk Offered a LS (Percent of TVs Annuitized Annuitized Plans Offering Plans Offering Purchasing Purchasing Transfer Activity (In Plans with Offered a LS that (In Plans Purchasing (In Plans Purchasing LS Windows LS windows Annuities Annuities LS Windows) Accepted Offer) Annuities for Retirees) Annuities for TVs) 

Fewer than 100 12 0.1% 71.2% 47.0% 9 0.1% 52.6% 5.8% 21.6% 

100 - 499 21 2.0% 83.9% 44.4% 13 1.2% 51.4% 43.9% 18.1% 

500 - 999 7 3.3% 76.4% 34.8% 3 1.4% 91.9% 0.0% 13.0% 

1,000 - 2,499 13 5.9% 73.4% 41.4% 11 5.0% 53.4% 0.0% 17.3% 

2,500 - 4,999 4 3.5% 56.3% 46.2% 5 4.3% 74.4% 0.0% 26.3% 

5,000 - 9,999 12 12.4% 74.6% 44.8% 7 7.2% 42.8% 0.3% 11.6% 

10,000 or more 17 10.4% 67.5% 35.3% 19 11.7% 41.7% 5.7% 12.5% 

Total 86 0.5% 68.4% 36.7% 67 0.4% 43.3% 5.5% 16.5% 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days before the premium filing was submitted. Subsequent premium filings have reporting 

windows that generally cover a 12-month period beginning from the ending period of the prior premium filing. Beginning with the 2020 premium reporting year, the reporting period was changed to the prior plan year (e.g., 2020 premium filings contain risk transfer 

information for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period beginning from the ending period of the 2018 premium filing. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in the course of routine plan operations, in conjunction with a plan termination, upon a 

participant’s separation from service, under mandatory cash-out provisions, or as part of an incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased in the course of routine plan operations, purchased in conjunction with 

a plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

- Lump sum windows and annuity purchases reported in the premium filing for a plan year may have occurred in either that plan year or the previous plan year. The denominators used to determine the percent of terminated vested participants offered lump sums and the 

percent of annuity purchases for retired participants or terminated vested participants were adjusted to account for reporting periods covering portions of two plan years. 

- Average Total Participant Reduction is derived by first calculating the declines for plans with partial risk transfer activity then finding the average of the plan reductions. This metric is meant to give a sense of the magnitude of the proportion of a plan's participants for 

whom PBGC coverage has been removed through Partial Risk Transfer Activity. 

2020 Data Tables 
 

-

Table S-58 

Estimated Partial Risk Transfer Activity in PBGC-Insured Plans by Industry 

(2019/2020 Premium Reporting1) 

PBGC SINGLE EMPLOYER PROGRAM 

Lump Sum (LS) Window for 

Terminated Vested Participants (TVs) 

Revised 12/20/2023 

Annuity Purchases 

(Outside the Course of Routine Plan Operations) 

Percent of TVs Acceptance Rate Percent of Percent of Number of Percent of Plans Number of Plans Percent of 

Industry Offered a LS (Percent of Participants Retirees Annuitized TVs Annuitized Plans Offering Offering LS Purchasing Plans Purchasing (In Plans with LS Offered a LS that (In Plans Purchasing (In Plans Purchasing LS Windows Windows Annuities Annuities Windows) Accepted Offer) Annuities for Retirees) Annuities for TVs) 

AGRICULTURE, MINING, AND CONSTRUCTION 28 90.3% 65.8% 57.2% 9 29.0% 38.4% 0.0% 

MANUFACTURING 182 65.5% 69.3% 39.3% 129 46.4% 46.3% 12.6% 

Chemical and Allied Products 25 71.4% 19.7% 36.0% 15 42.9% 34.7% 4.8% 

Computer & Electronics 10 76.9% 79.9% 29.9% 5 38.5% 34.6% 4.7% 

Electrical Equipment 12 66.7% 77.2% 37.4% 7 38.9% 27.4% 36.7% 

Fabricated Metal Products 17 68.0% 81.5% 53.6% 10 40.0% 31.2% 0.0% 

Food, Beverage and Tobacco Products 24 75.0% 62.9% 45.9% 9 28.1% 68.6% 40.0% 

Machinery Manufacturing 15 45.5% 82.8% 45.3% 21 63.6% 67.5% 37.5% 

Motor Vehicle Equipment 16 72.7% 79.6% 37.1% 10 45.5% 49.6% 0.0% 

Paper Manufacturing 12 70.6% 83.8% 41.1% 8 47.1% 76.5% 2.5% 

Petroleum and Coal Products 2 33.3% 44.0% 81.8% 4 66.7% 68.6% 0.0% 

Primary Metals 9 60.0% 87.4% 51.2% 8 53.3% 62.4% 0.0% 

Other Manufacturing 40 64.5% 84.6% 40.4% 32 51.6% 42.8% 6.7% 

TRANSPORTATION AND PUBLIC UTILITIES 23 48.9% 73.2% 33.1% 27 57.4% 36.0% 3.4% 

Air Transportation 5 100.0% 82.3% 38.8% 0 0.0% 0.0% 0.0% 

Other Transportation 7 46.7% 74.5% 32.4% 9 60.0% 46.0% 0.0% 

Public Utilities 11 40.7% 56.9% 35.1% 18 66.7% 34.9% 3.4% 

INFORMATION 17 60.7% 66.5% 38.5% 12 42.9% 41.5% 12.6% 

WHOLESALE TRADE 15 51.7% 84.0% 32.0% 17 58.6% 52.7% 49.3% 

RETAIL TRADE 9 64.3% 20.7% 50.4% 5 35.7% 55.2% 0.0% 

FINANCE, INSURANCE AND REAL ESTATE 61 70.9% 56.7% 35.3% 30 34.9% 42.3% 16.7% 

SERVICES 111 63.4% 46.8% 42.1% 78 44.6% 42.0% 22.4% 

Health Care 57 60.0% 74.8% 38.8% 44 46.3% 54.5% 25.1% 

Other Services 54 67.5% 36.1% 44.7% 34 42.5% 35.5% 19.8% 

NON-PROFIT ORGANIZATIONS 25 80.6% 79.1% 47.8% 8 25.8% 55.3% 21.1% 

TOTAL 471 1.8% 61.6% 39.1% 315 1.2% 45.0% 15.6% 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days before the premium filing was submitted. Subsequent premium filings have reporting 

windows that generally cover a 12-month period beginning from the ending period of the prior premium filing. Beginning with the 2020 premium reporting year, the reporting period was changed to the prior plan year (e.g., 2020 premium filings contain risk transfer 

information for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period beginning from the ending period of the 2018 premium filing. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in the course of routine plan operations, in conjunction with a plan termination, upon a 

participant’s separation from service, under mandatory cash-out provisions, or as part of an incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased in the course of routine plan operations, purchased in conjunction with a 

plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

- Lump sum windows and annuity purchases reported in the premium filing for a plan year may have occurred in either that plan year or the previous plan year. The denominators used to determine the percent of terminated vested participants offered lump sums and the 

percent of annuity purchases for retired participants or terminated vested participants were adjusted to account for reporting periods covering portions of two plan years. 

2020 Data Tables 
 

-

Lump Sum Offers Annuity Purchases Total Participants 

PBGC SINGLE EMPLOYER PROGRAM 

Table S-59 

Estimated Cumulative Partial Risk Transfer Activity in 

PBGC-Insured Plans (2016-2020 Premium Reporting1) Revised 12/20/2023 

Lumps Sum Premium Made to Terminated (Outside the Course of No Longer Offers Accepted Reporting Years Vested Participants Routine Plan Operations) Protected by PBGC (millions) (millions) (millions) (millions) 

2016 - 2020 2.68 1.16 1.34 2.50 

1 For the initial data collection period (2015 premium filing year), an extended reporting window was established that generally covered a 19.5-month reporting period ending 60 days 

before the premium filing was submitted. Subsequent premium filings have reporting windows that generally cover a 12-month period beginning from the ending period of the prior 

premium filing. Beginning with the 2020 premium reporting year, the reporting period was changed to the prior plan year (e.g., 2020 premium filings contain risk transfer information 

for the 2019 plan year). Hence the information shown for the 2019/2020 premium reporting year generally covers a 16.5-month period beginning from the ending period of the 2018 

premium filing. 

Source: PBGC Premium Filings 

Notes: 

- Partial Risk Transfer Activity refers to risk transfers reported on premium filing forms in connection with lump sum windows or annuity purchases. Lump sums offered or paid in 

the course of routine plan operations, in conjunction with a plan termination, upon a participant’s separation from service, under mandatory cash-out provisions, or as part of an 

incentive program to encourage active participants to retire early are excluded. Annuity contracts purchased in the course of routine plan operations, purchased in conjunction with 

a plan termination, or that remain an asset of the plan as a “buy-in” are also excluded. 

2020 Data Tables 
 

1995

2000

2005

2010

2015

2020

Table M-1 

Net Financial Position (1980-2021) 

PBGC MULTIEMPLOYER PROGRAM 

Assets Liabilities Fiscal Year ($ millions) ($ millions) 

Net Positions 

($ millions) 

1980 $21 $30 

1985 $78 $52 

1990 $190 $58 

$477 $285 

1996 $505 $381 

1997 $596 $377 

1998 $745 $404 

1999 $692 $493 

$694 $427 

2001 $807 $691 

2002 $944 $786 

2003 $1,000 $1,261 

2004 $1,070 $1,306 

$1,160 $1,495 

2006 $1,166 $1,905 

2007 $1,197 $2,152 

2008 $1,327 $1,800 

2009 $1,459 $2,328 

$1,628 $3,064 

2011 $1,739 $4,509 

2012 $1,807 $7,044 

2013 $1,719 $9,977 

2014 $1,769 $44,203 

$1,924 $54,208 

2016 $2,204 $61,037 

2017 $2,262 $67,314 

2018 $2,311 $56,187 

2019 $2,858 $68,024 

$3,144 $66,893 

2021 $3,512 $3,031 

($9) 

$27 

$132 

$192 

$124 

$219 

$341 

$199 

$267 

$116 

$158 

($261) 

($236) 

($335) 

($739) 

($955) 

($473) 

($869) 

($1,436) 

($2,770) 

($5,237) 

($8,258) 

($42,434) 

($52,284) 

($58,833) 

($65,052) 

($53,876) 

($65,166) 

($63,749) 

$481 

Source: PBGC Annual Reports 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-2 

PBGC Premium Revenue, Benefit Payments, and Expenses 

(1980-2021) 

Total Administrative & Premiums Less Benefit Net Financial Premium Investment Benefits, Fiscal Year Payments Assistance (FA) Revenue Expenses FA and Expenses ($ millions) ($ millions) ($ millions) ($ millions) ($ millions) 

1980 $5 $4 * $2 ($2) 

1985 $14 $4 * $4 $7 

1990 $21 $2 * $2 $17 

1995 $22 $2 $4 * $16 

1996 $22 $2 $4 * $16 

1997 $23 $1 $4 * $18 

1998 $23 $1 $2 * $20 

1999 $23 $1 $19 * $3 

2000 $24 $1 $91 * ($68) 

2001 $24 $1 $5 * $18 

2002 $25 $1 $5 * $19 

2003 $25 $1 $5 * $19 

2004 $27 $1 $10 * $16 

2005 $26 $1 $14 * $12 

2006 $58 $1 $70 * ($13) 

2007 $81 * $72 * $9 

2008 $90 * $85 * $5 

2009 1 $95 * $86 * $9 

2010 $93 * $97 $12 ($16) 

2011 $92 * $114 $14 ($36) 

2012 $92 * $95 $20 ($23) 

2013 $110 * $89 $25 ($4) 

2014 $122 * $97 $18 $7 

2015 $212 * $103 $32 $77 

2016 $282 * $113 $39 $130 

2017 $291 * $141 $42 $108 

2018 $292 * $153 $41 $98 

2019 $310 * $160 $40 $110 

2020 $322 * $173 $42 $107 

2021 $331 * $230 $8 $93 

1

 Beginning in FY 2009, PBGC reports premium income net of bad debt expense for premium, interest, and penalties. 

* Less than $500,000. 

Source: PBGC Annual Reports 

Notes: 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
PBGC MULTIEMPLOYER PROGRAM 

Table M-3 

PBGC Payees and Benefit Payments 

(pre-MPPAA Plans, 1980-2020) Revised 7/21/2023 

Periodic Pension Payments Fiscal Periodic Payees 

Year in Year1 Total Average Benefit Median Benefit 

($ millions) Payment2 Payment2 

1980 4,100 $4 $77 $45 

1985 3,100 $4 $91 $45 

1990 2,170 $2 $97 $50 

1995 1,300 $2 $102 $55 

1996 1,130 $2 $104 $55 

1997 1,000 $1 $102 $55 

1998 855 $1 $104 $55 

1999 738 $1 $106 $62 

2000 626 $1 $109 $62 

2001 510 $1 $112 $77 

2002 463 $1 $114 $82 

2003 389 $1 $117 $90 

2004 324 $1 $135 $115 

2005 279 $1 $120 $102 

2006 238 * $120 $105 

2007 203 * $126 $114 

2008 166 * $127 $114 

2009 134 * $127 $114 

2010 110 * $136 $150 

2011 97 * $137 $150 

2012 74 * $139 $150 

2013 61 * $134 $150 

2014 50 * $138 $150 

2015 39 * $137 $150 

2016 31 * $130 $115 

2017 23 * $128 $115 

2018 15 * $105 $74 

2019 12 * $105 $76 

2020 14 * $122 $128 

1

 These payees were in the 10 multiemployer plans PBGC trusteed prior to October 1980. The Multiemployer Pension Plan Amendments 

Act of 1980 (MPPAA) changed PBGC's responsibility from trusteeship of troubled plans to providing financial assistance (loans) to 

insolvent multiemployer plans. 

2

 Average and median benefit values are determined using reported benefit payment amounts and include one-time payments. 

*Less than $500,000. 

Notes: 

- This table is based primarily on data provided by the PBGC’s Payment System (PPS). 

2020 Data Tables 
3

Table M-4 

PBGC Financial Assistance to Insolvent Plans 

(Post-MPPAA Plans, 1981-2020) 

PBGC MULTIEMPLOYER PROGRAM 

Total Plans Plans Amount of Amount of Receiving Year Receiving Financial Lump-Sum Payment a Lump-Sum Financial Assistance ($ millions) Payment 2 

Assistance 1 ($ millions) 

 Plans 

Receiving 

Periodic 

Payments 1 

Repayments 

Amount of of Past 

Periodic Payments Financial 

($ millions) Assistance 3 

($ millions) 

1981 - 1994 7 $3 0 $0 

1995 9 4 0 0 

1996 12 4 0 0 

1997 14 4 0 0 

1998 18 5 0 0 

1999 21 19 1 14 

2000 21 91 2 87 

2001 22 5 14 0 

2002 23 5 0 0 

2003 24 5 1 0 

2004 27 10 14 0 

2005 29 14 14 1 

2006 33 70 1 0 

2007 36 72 34 1 

2008 42 85 55 6 

2009 44 436 86 7 

2010 50 97 77 10 

2011 49 114 55 14 

2012 49 95 5 1 

2013 44 89 0 0 

2014 53 97 0 0 

2015 58 103 2 1 

2016 65 113 0 0 

2017 72 141 0 0 

2018 818 153 1 1 

2019 89 160 4 0 

2020 949 164 0 0 

7 

9 

12 

14 

18 

20 

19 

22 

23 

23 

27 

28 

32 

36 

40 

41 

44 

47 

44 

44 

53 

57 

65 

72 

78 

85 

94 

$3 $0 

4 0 

4 0 

4 0 

5 3 

5 0 

5 0 

4 0 

5 0 

5 0 

10 0 

13 0 

70 0 

71 0 

79 0 

78 0 

87 0 

100 0 

94 0 

89 0 

97 0 

101 0 

113 0 

141 0 

152 0 

160 0 

164 0 

Total 10 124 $1,808 44 $143 102 $1,663 $3 

1

 A number of plans received financial assistance in more than one year. 

2

 Lump-sum payments were made to these insolvent multiemployer plans to facilitate mergers and closeouts.

 Only one plan has repaid any of its past financial assistance. That plan repaid only the principal amount of the loans it received. 

4

 These plans received periodic payments before receiving lump-sum payments. 

5

 Three of these five plans received periodic payments before receiving lump-sum payments. 

6

 Two of these plans received small lump-sum payments to finalize closeouts initiated in 2008. These two plans are not included with plans receiving a lump-sum payment for 

2009. 

7

 Six of these seven plans received periodic payments before receiving lump-sum payments. 

8

 Two additional plans received small lump-sum payments to finalize closeouts initiated in prior years. These two plans are not included with plans receiving a lump-sum for 

9

 Excludes payments made due to PBGC's first facilitated merger under MPRA. 

10 Because a number of plans received financial assistance in multiple years, and the totals represent the historical count of plans that have ever received financial assistance, the 

plan totals are not a sum of the yearly data. 

Sources: PBGC Annual Reports and internal calculations. 

2020 Data Tables 
Year Total Insured 

Participants 

In Plans with 

10,000 or More 

Participants 

In Plans with 

5,000-9,999 

Participants 

In Plans with 

2,500-4,999 

Participants 

In Plans with 

1,000-2,499 

Participants 

In Plans with 

500-999 

Participants 

In Plans with 

250-499 

Participants 

In Plans with 

Fewer than 250 

Participants 

1980 7,996 5,072 925 751 731 299 147 71 

1985 8,208 5,376 857 761 729 283 136 66 

1990 8,533 5,731 891 757 695 290 121 48 

1995 8,632 5,986 855 709 661 264 112 45 

1996 8,649 5,976 904 713 636 266 106 48 

1997 8,741 6,058 906 718 641 263 110 44 

1998 8,876 6,212 930 675 650 259 108 42 

1999 8,990 6,323 935 666 663 260 104 39 

2000 9,132 6,464 953 683 640 261 97 35 

2001 9,423 6,776 927 733 617 240 96 33 

2002 9,630 6,970 930 739 647 227 87 29 

2003 9,699 7,127 885 715 642 228 75 27 

2004 9,828 7,248 897 723 643 217 74 26 

2005 9,887 7,286 938 709 631 224 74 25 

2006 9,911 7,320 944 709 627 219 68 24 

2007 10,031 7,504 884 696 644 212 67 24 

2008 10,170 7,589 930 716 639 205 67 24 

2009 10,397 7,864 907 708 628 203 64 23 

2010 10,414 7,921 895 701 612 199 63 23 

2011 10,281 7,867 827 699 600 202 64 22 

2012 10,373 7,972 823 689 607 200 61 21 

2013 10,399 7,971 835 700 613 202 58 21 

2014 10,304 7,910 827 693 586 207 59 22 

2015 10,305 7,944 822 667 601 192 59 21 

2016 10,465 8,141 780 693 589 184 60 18 

2017 10,565 8,256 768 708 580 179 55 19 

2018 10,633 8,327 794 677 579 180 57 19 

2019 10,760 8,419 823 682 585 177 55 19 

2020 10,863 8,522 819 679 596 175 53 19 

2021 10,896 8,565 850 653 583 175 50 20 

Number of Participants (in thousands) 

PBGC MULTIEMPLOYER PROGRAM 

Table M-5 

PBGC-Insured Plan Participants (1980 -2021) 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals. 

2020 Data Tables 
Table M-6 

PBGC-Insured Plans (1980-2021) 

PBGC MULTIEMPLOYER PROGRAM 

Plans with Plans with Total Insured Year 10,000 or More 5,000-9,999 Plans Participants Participants Plans with 

2,500-4,999 

Participants 

Plans with 

1,000-2,499 

Participants 

Plans with 

500-999 

Participants 

Plans with Plans with 

250-499 Fewer than 250 

Participants Participants 

1980 2,244 120 131 

1985 2,188 137 124 

1990 1,983 140 127 

1995 1,879 144 123 

1996 1,876 143 132 

1997 1,846 145 131 

1998 1,817 147 136 

1999 1,800 149 137 

2000 1,744 152 138 

2001 1,707 159 133 

2002 1,671 163 133 

2003 1,612 166 129 

2004 1,586 166 129 

2005 1,571 164 134 

2006 1,538 162 132 

2007 1,522 167 124 

2008 1,517 167 130 

2009 1,488 170 128 

2010 1,475 168 126 

2011 1,461 172 116 

2012 1,448 174 117 

2013 1,435 171 115 

2014 1,425 168 114 

2015 1,396 167 114 

2016 1,375 171 109 

2017 1,374 176 108 

2018 1,373 177 114 

2019 1,377 177 117 

2020 1,369 178 116 

2021 1,363 178 121 

211 

216 

214 

205 

206 

206 

193 

189 

197 

210 

212 

206 

208 

204 

203 

197 

205 

202 

199 

198 

196 

195 

195 

186 

195 

200 

192 

193 

191 

186 

452 

459 

428 

409 

400 

401 

400 

403 

388 

377 

397 

391 

393 

381 

380 

388 

388 

381 

372 

366 

368 

370 

355 

363 

364 

361 

358 

362 

365 

353 

420 

402 

402 

368 

373 

365 

357 

357 

357 

327 

316 

321 

305 

309 

305 

293 

283 

278 

273 

277 

274 

277 

283 

262 

250 

249 

246 

244 

241 

243 

404 506 

376 474 

332 340 

303 327 

287 335 

296 302 

290 294 

279 286 

258 254 

254 247 

233 217 

202 197 

198 187 

195 184 

184 172 

177 176 

176 168 

169 160 

169 168 

170 162 

165 154 

157 150 

158 152 

156 148 

160 126 

147 133 

151 135 

146 138 

140 138 

131 151 

Source: PBGC Premium Filings 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals. 

2020 Data Tables 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-7 

PBGC-Insured Plan Participants by 

Participant Status (1980-2019) 

Active Retired Separated Vested Year Participants Participants Participants 

1980 75.9% 17.7% 6.5% 

1985 66.1% 22.6% 11.4% 

1990 58.6% 25.2% 16.2% 

1995 52.4% 28.9% 18.7% 

1996 52.1% 29.1% 18.8% 

1997 52.2% 28.9% 18.9% 

1998 51.2% 30.4% 18.3% 

1999 50.9% 30.5% 18.6% 

2000 51.1% 30.1% 18.7% 

2001 49.5% 29.6% 20.9% 

2002 48.1% 29.7% 22.2% 

2003 47.1% 30.2% 22.8% 

2004 46.0% 30.8% 23.2% 

2005 45.7% 30.8% 23.5% 

2006 45.3% 30.9% 23.8% 

2007 44.6% 30.9% 24.5% 

2008 43.8% 32.0% 24.2% 

2009 41.3% 32.1% 26.7% 

2010 1 39.1% 33.1% 27.7% 

2011 38.3% 33.7% 27.9% 

2012 36.6% 35.1% 28.3% 

2013 36.8% 35.3% 27.9% 

2014 36.3% 35.3% 28.4% 

2015 36.1% 35.5% 28.4% 

2016 36.4% 35.4% 28.2% 

2017 36.3% 35.7% 28.0% 

2018 36.4% 35.9% 27.7% 

2019 36.4% 36.1% 27.5% 

1

 2010 figures are estimates from PBGC internal calculations. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, percentages may not add up to 100%. 

2020 Data Tables 
PBGC MULTIEMPLOYER PROGRAM 

Table M-8 

PBGC-Insured Plans and Participants

by Industry (2019) Revised 12/20/2023 

Industry Insured Plans Insured Participants 

AGRICULTURE 8 0.6% 19,587 0.2% 

MINING 4 0.3% 94,480 0.9% 

CONSTRUCTION 762 55.3% 4,042,519 37.6% 

Building Construction 5.4% 75 4.9% 529,897 

Heavy Construction 4.6% 63 5.5% 595,051 

Plumbing, Heating, and Air Conditioning 10.7% 148 2.8% 301,229 

Electrical Work 9.0% 124 8.5% 910,423 

Building Finishing Contractors 4.4% 60 4.0% 430,282 

Foundation, Structure, and Exterior Work 12.7% 175 7.0% 755,559 

Other Construction 8.5% 117 4.8% 520,078 

MANUFACTURING 142 10.3% 1,030,900 9.6% 

Food and Tobacco Products 2.2% 30 1.9% 208,510 

Apparel and Textile Products 0.4% 6 0.3% 27,785 

Paper and Allied Products 0.4% 5 0.7% 76,984 

Printing and Publishing 1.6% 22 1.1% 120,510 

Machinery and Computer Equipment 0.3% 4 2.7% 288,041 

Electrical and Electronic Equipment 0.5% 7 0.1% 5,763 

Furniture and Fixtures 0.3% 4 0.1% 6,446 

Other Manufacturing 4.6% 64 2.8% 296,861 

TRANSPORTATION AND PUBLIC UTILITIES 143 10.4% 1,575,270 14.6% 

Trucking 5.7% 78 13.2% 1,415,556 

Water Transportation 3.1% 43 1.0% 102,321 

Other Transportation and Public Utilities 1.6% 22 0.5% 57,393 

INFORMATION 2.5% 34 2.6% 275,733 

WHOLESALE TRADE 1.8% 25 0.5% 50,968 

RETAIL TRADE 5.8% 80 14.4% 1,550,734 

SERVICES 179 13.0% 2,119,500 19.7% 

Administrative/Support 2.8% 39 3.3% 356,070 

Health Care/Social Assistance 1.2% 17 5.3% 573,901 

Accommodation/Food Service 2.1% 29 6.3% 682,814 

Other Services 94 6.8% 506,715 4.7% 

TOTAL 1,377 100.0% 10,759,691 100.0% 

Source: Form 5500 filings 

Notes: 

- Due to rounding of individual items, percentages may not add up to totals. 

- Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

However, whenever a sponsor indicated its activity as "Insurance & Employee Benefit Funds," a code covering the principal activity of plan 

participants was determined and substituted. 

2020 Data Tables 
Table M-9 

Aggregate Funding of PBGC-Insured 

Plans1 (1980-2019) 

PBGC MULTIEMPLOYER PROGRAM 

Revised 12/20/2023 

Beginning Assets Liabilities2 Funding 

of Year ($ millions) ($ millions) Ratio 

Underfunding 

($ millions) 

Assumed Overfunding Discount ($ millions) Rate 

1980 $40,363 $52,123 77% 

1985 $88,182 $75,942 116% 

1990 $166,348 $156,149 107% 

1991 $165,734 $160,370 103% 

1992 $184,670 $187,829 98% 

1993 $197,461 $202,177 98% 

1994 $206,625 $225,982 91% 

1995 $209,947 $218,458 96% 

1996 $238,571 $270,551 88% 

1997 $268,471 $287,569 93% 

1998 $304,158 $331,017 92% 

1999 $320,704 $351,021 91% 

2000 $356,659 $339,741 105% 

2001 $351,108 $385,272 91% 

2002 $330,104 $429,329 77% 

2003 $308,678 $486,845 63% 

2004 $347,471 $556,018 62% 

2005 $372,404 $598,551 62% 

2006 $388,962 $588,629 66% 

2007 $430,091 $621,289 69% 

2008 $440,132 $648,069 68% 

2009 $326,940 $672,513 49% 

2010 $366,333 $756,999 48% 

2011 $398,263 $798,963 50% 

2012 $392,245 $964,299 41% 

2013 $422,942 $1,033,758 41% 

2014 $467,985 $962,902 49% 

2015 $478,227 $1,116,058 43% 

2016 $466,984 $1,105,495 42% 

2017 $495,845 $1,168,460 42% 

2018 $540,253 $1,296,964 42% 

2019 $528,597 $1,205,105 44% 

$17,887 

$6,432 

$11,574 

$13,068 

$17,835 

$19,864 

$29,193 

$22,726 

$40,019 

$32,549 

$39,497 

$44,379 

$21,135 

$48,412 

$102,469 

$178,915 

$209,181 

$226,717 

$200,701 

$192,849 

$210,167 

$345,788 

$391,027 

$401,080 

$572,228 

$611,115 

$495,712 

$638,122 

$638,760 

$672,987 

$756,987 

$676,790 

$6,126 8.50% 

$18,672 9.75% 

$21,773 7.25% 

$18,432 7.25% 

$14,676 6.25% 

$15,148 6.40% 

$9,837 5.65% 

$14,216 7.15% 

$8,039 5.30% 

$13,452 5.80% 

$12,638 5.40% 

$14,063 5.30% 

$38,054 7.00% 

$14,249 6.40% 

$3,245 5.70% 

$748 5.00% 

$634 4.00% 

$569 3.90% 

$1,034 4.50% 

$1,651 4.99% 

$2,230 5.37% 

$215 5.38% 

$360 4.52% 

$380 4.26% 

$174 2.95% 

$299 2.68% 

$795 3.54% 

$290 2.46% 

$248 2.81% 

$372 2.55% 

$276 2.22% 

$281 3.01% 

1 Data presented excludes plans currently receiving PBGC Financial Assistance. 

2

 Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to reflect an interest 

rate, as of the beginning of the calendar year, that estimates the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-10 

Aggregate Funding of Underfunded 

PBGC-Insured Plans1 (1980-2019) Revised 12/20/2023 

Beginning Assets Liabilities2 Underfunding Funded Assumed 

of Year ($ millions) ($ millions) ($ millions) Ratio Discount Rate 

1980 $24,819 $42,706 $17,887 58% 8.50% 

1985 $22,813 $29,246 $6,432 78% 9.75% 

1990 $56,512 $68,086 $11,574 83% 7.25% 

1991 $62,563 $75,631 $13,068 83% 7.25% 

1992 $93,790 $111,625 $17,835 84% 6.25% 

1993 $95,331 $115,195 $19,864 83% 6.40% 

1994 $128,718 $157,911 $29,193 82% 5.65% 

1995 $118,707 $141,434 $22,726 84% 7.15% 

1996 $168,347 $208,366 $40,019 81% 5.30% 

1997 $152,633 $185,182 $32,549 82% 5.80% 

1998 $180,084 $219,582 $39,498 82% 5.40% 

1999 $206,568 $250,947 $44,379 82% 5.30% 

2000 $110,729 $131,864 $21,135 84% 7.00% 

2001 $222,296 $270,708 $48,412 82% 6.40% 

2002 $295,338 $397,807 $102,469 74% 5.70% 

2003 $304,027 $482,942 $178,915 63% 5.00% 

2004 $342,777 $551,959 $209,182 62% 4.00% 

2005 $368,382 $595,099 $226,717 62% 3.90% 

2006 $381,439 $582,139 $200,701 66% 4.50% 

2007 $416,689 $609,537 $192,849 68% 4.99% 

2008 $410,109 $620,276 $210,167 66% 5.37% 

2009 $325,936 $671,725 $345,788 49% 5.38% 

2010 $364,674 $755,701 $391,027 48% 4.52% 

2011 $395,062 $796,142 $401,080 50% 4.26% 

2012 $391,729 $963,957 $572,228 41% 2.95% 

2013 $422,122 $1,033,237 $611,115 41% 2.68% 

2014 $462,543 $958,255 $495,712 48% 3.54% 

2015 $477,342 $1,115,464 $638,122 43% 2.46% 

2016 $466,314 $1,105,074 $638,760 42% 2.81% 

2017 $494,709 $1,167,696 $672,987 42% 2.55% 

2018 $539,399 $1,296,386 $756,987 42% 2.22% 

2019 $525,338 $1,202,127 $676,790 44% 3.01% 

1 Data presented excludes plans currently receiving PBGC Financial Assistance. 

2

 Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to 

reflect an interest rate, as of the beginning of the calendar year, that estimates the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-11 

Aggregate Funding of Overfunded 

PBGC-Insured Plans1 (1980-2019) Revised 12/20/2023 

Beginning Assets Liabilities2 Overfunding Funded Assumed 

of Year ($ millions) ($ millions) ($ millions) Ratio Discount Rate 

1980 $15,543 $9,417 $6,126 165% 8.50% 

1985 $65,368 $46,697 $18,672 140% 9.75% 

1990 $109,836 $88,062 $21,773 125% 7.25% 

1991 $103,171 $84,739 $18,432 122% 7.25% 

1992 $90,880 $76,204 $14,676 119% 6.25% 

1993 $102,130 $86,981 $15,148 117% 6.40% 

1994 $77,907 $68,070 $9,837 114% 5.65% 

1995 $91,240 $77,024 $14,216 118% 7.15% 

1996 $70,224 $62,185 $8,039 113% 5.30% 

1997 $115,838 $102,386 $13,452 113% 5.80% 

1998 $124,073 $111,435 $12,638 111% 5.40% 

1999 $114,136 $100,074 $14,063 114% 5.30% 

2000 $245,930 $207,877 $38,054 118% 7.00% 

2001 $128,812 $114,564 $14,249 112% 6.40% 

2002 $34,766 $31,522 $3,245 110% 5.70% 

2003 $4,651 $3,903 $748 119% 5.00% 

2004 $4,694 $4,060 $634 116% 4.00% 

2005 $4,021 $3,452 $569 116% 3.90% 

2006 $7,523 $6,489 $1,034 116% 4.50% 

2007 $13,402 $11,752 $1,651 114% 4.99% 

2008 $30,022 $27,793 $2,230 108% 5.37% 

2009 $1,004 $789 $215 127% 5.38% 

2010 $1,659 $1,298 $360 128% 4.52% 

2011 $3,202 $2,821 $380 113% 4.26% 

2012 $516 $342 $174 151% 2.95% 

2013 $820 $521 $299 157% 2.68% 

2014 $5,442 $4,647 $795 117% 3.54% 

2015 $885 $594 $290 149% 2.46% 

2016 $670 $421 $248 159% 2.81% 

2017 $1,136 $764 $372 149% 2.55% 

2018 $854 $578 $276 148% 2.22% 

2019 $3,259 $2,978 $281 109% 3.01% 

1 Data presented excludes plans currently receiving PBGC Financial Assistance. 

2

 Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to 

reflect an interest rate, as of the beginning of the calendar year, that estimates the cost to purchase an annuity. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

2020 Data Tables 
 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-12 

Concentration of Underfunding in PBGC-Insured Plans1 

(1990-2019) Revised 12/20/2023 

Total 10 Plans with the Highest Next 40 Plans' All Other Plans' 

Plan Year Underfunding Underfunding Underfunding Underfunding 

($ millions) ($ millions) ($ millions) ($ millions) 

1990 $11,574 $6,760 58.4% $2,791 24.1% $2,023 17.5% 

1991 $13,068 $7,906 60.5% $3,123 23.9% $2,038 15.6% 

1992 $17,835 $9,500 53.3% $4,411 24.7% $3,923 22.0% 

1993 $19,864 $10,348 52.1% $4,927 24.8% $4,590 23.1% 

1994 $29,193 $13,575 46.5% $7,012 24.0% $8,606 29.5% 

1995 $22,726 $11,340 49.9% $6,236 27.4% $5,150 22.7% 

1996 $40,019 $16,157 40.4% $10,900 27.2% $12,962 32.4% 

1997 $32,549 $14,666 45.1% $8,166 25.1% $9,717 29.9% 

1998 $39,497 $17,532 44.4% $9,375 23.7% $12,590 31.9% 

1999 $44,379 $19,244 43.4% $10,675 24.1% $14,459 32.6% 

2000 $21,135 $11,493 54.4% $5,255 24.9% $4,387 20.8% 

2001 $48,412 $20,032 41.4% $11,193 23.1% $17,187 35.5% 

2002 $102,469 $34,276 33.5% $24,641 24.1% $43,552 42.5% 

2003 $178,915 $57,902 32.4% $40,600 22.7% $80,413 44.9% 

2004 $209,181 $63,736 30.5% $48,901 23.4% $96,544 46.2% 

2005 $226,717 $68,829 30.4% $52,710 23.3% $105,178 46.4% 

2006 $200,701 $62,461 31.1% $47,822 23.8% $90,418 45.1% 

2007 $192,849 $59,583 30.9% $47,345 24.6% $85,920 44.6% 

2008 $210,167 $58,100 27.6% $55,648 26.5% $96,419 45.9% 

2009 $345,788 $94,545 27.3% $90,896 26.3% $160,347 46.4% 

2010 $391,027 $106,143 27.1% $102,595 26.2% $182,288 46.6% 

2011 $401,080 $108,541 27.1% $108,402 27.0% $184,137 45.9% 

2012 $572,228 $153,240 26.8% $153,269 26.8% $265,719 46.4% 

2013 $611,115 $164,733 27.0% $165,036 27.0% $281,346 46.0% 

2014 $495,712 $136,350 27.5% $136,095 27.4% $223,267 45.0% 

2015 $638,122 $173,391 27.2% $174,980 27.4% $289,751 45.4% 

2016 $638,761 $175,541 27.5% $175,311 27.5% $287,909 45.1% 

2017 $672,987 $187,183 27.8% $184,617 27.4% $301,187 44.8% 

2018 $756,987 $205,557 27.2% $208,144 27.5% $343,286 45.3% 

2019 $676,790 $188,430 27.8% $183,277 27.1% $305,082 45.1% 

1 Data presented excludes plans currently receiving PBGC Financial Assistance. 

Source: Form 5500 filings 

Notes: 

- Data for plan years prior to 1999 include only plans with 100 or more participants. 

- Due to rounding of individual items, numbers may not add up across columns. 

- Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to reflect an interest rate, as 

of the beginning of the calendar year, that estimates the cost to purchase an annuity. 

2020 Data Tables 
PBGC MULTIEMPLOYER PROGRAM 

Table M-13 

Plans, Participants, and Funding of PBGC-Insured Plans 

by Funding Ratio (2019) Revised 12/20/2023 

Liabilities1 Underfunding Overfunding Funding Ratio Plans Participants ($ millions) ($ millions) ($ millions) 

Terminated Booked Plans2 65 4.7% 73,784 0.7% $3,458 0.3% $1,913 0.3% --- ---

Ongoing Plans 

Less Than 40% 287 20.8% 3,409,043 31.7% $404,675 33.6% $278,395 41.1% --- ---

40% - 49% 380 27.6% 3,808,883 35.4% 416,566 34.6% 232,122 34.3% --- ---

50% - 59% 328 23.8% 2,761,896 25.7% 315,335 26.2% 144,391 21.3% --- ---

60% - 69% 151 11.0% 385,528 3.6% 49,011 4.1% 17,411 2.6% --- ---

70% - 79% 40 2.9% 55,931 0.5% 5,624 0.5% 1,544 0.2% --- ---

80% - 89% 22 1.6% 112,989 1.1% 5,473 0.5% 938 0.1% --- ---

90% - 99% 6 0.4% 23,553 0.2% 1,986 0.2% 75 * --- ---

100% - 109% 5 0.4% 25,709 0.2% 2,578 0.2% --- --- $8 2.9% 

110% - 119% 1 0.1% 75 * 10 * --- --- 1 0.5% 

120% - 129% --- --- --- --- --- --- --- --- --- ---

130% - 139% 2 0.1% 2,045 * 22 * --- --- 9 3.0% 

140% - 149% --- --- --- --- --- --- --- --- --- ---

150% or More 5 0.4% 4,163 * 368 * --- --- 263 93.5% 

Total (Terminated/Ongoing Plans) 1,292 100.0% 10,663,599 100.0% $1,205,105 100.0% $676,790 100.0% $281 100.0% 

Total for underfunded plans 1,279 99.0% 10,631,607 99.7% $1,202,127 99.8% $676,790 100.0% --- ---

Total for overfunded plans 13 1.0% 31,992 0.3% $2,978 0.2% --- --- $281 100.0% 

Receiving Financial Assistance3 85 96,092 $2,807 $2,807 ---

1 Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to reflect an interest rate, as of the beginning of the calendar year, that estimates the cost to 

purchase an annuity. 

2

 Terminated Booked plans are plans that are expected to become insolvent and whose liabilities have been included in PBGC's financial position and liabilities. However they are not yet insolvent and may never require 

assistance. Assets are taken from the Schedule H and liabilities are estimated based on Present Values of outstanding liabilities. 

3

 Beginning in the 2018 data tables, both the Liability and Underfunding for Financial Assistance Plans are taken from the PBGC Annual Report. This amount represents the liability net of any de minimis assets and are on 

a fiscal year basis, while other liabilities shown are reported on a plan year basis. Previously these values were taken from Form 5500 Schedule MB filings. 

4

 Amounts are less than $500,000 and therefore, display as zero because of rounding. 

* Less than 0.05 of one percent. 

Source: Form 5500 filings 

Notes: 

- Due to aggregation and rounding of individual items, numbers may not add up to total and percentages may not add up to 100%. 

2020 Data Tables 
PBGC MULTIEMPLOYER PROGRAM 

Table M-14 

Funding of PBGC-Insured Plans by Industry1 (2019) Revised 12/20/2023 

Aggregate Liabilities2 Underfunding Overfunding Industry Funding ($ millions) ($ millions) ($ millions) Ratio 

AGRICULTURE 53.6% $869 0.1% $403 0.1% --- ---

MINING 27.2% 9,393 0.8% 6,989 1.0% $148 52.6% 

CONSTRUCTION 46.1% 606,586 50.3% 327,137 48.3% 13 4.8% 

Building Construction 44.4% 91,379 7.6% 50,778 7.5% 1 0.2% 

Heavy Construction 49.1% 101,030 8.4% 51,448 7.6% --- ---

Plumbing, Heating, and Air Conditioning 50.7% 60,633 5.0% 29,898 4.4% --- ---

Electrical Work 46.6% 93,234 7.7% 49,822 7.4% --- ---

Building Finishing Contractors 42.8% 61,008 5.1% 34,919 5.2% 4 1.6% 

Foundation, Structure, and Exterior Work 44.5% 108,764 9.0% 60,331 8.9% --- ---

Other Construction 44.8% 90,539 7.5% 49,941 7.4% 8 3.0% 

MANUFACTURING 41.6% 78,359 6.5% 45,750 6.8% 67 23.9% 

Food and Tobacco Products 37.0% 19,376 1.6% 12,200 1.8% 3 0 0.2% 

Apparel and Textile Products 34.8% 34 * 22 * --- ---

Paper and Allied Products 33.5% 5,197 0.4% 3,455 0.5% --- ---

Printing and Publishing 29.9% 6,861 0.6% 4,809 0.7% --- ---

Furniture and Fixtures 46.3% 262 * 141 * --- ---

Machinery and Computer Equipment 45.9% 25,356 2.1% 13,728 2.0% --- ---

Electrical and Electronic Equipment 58.9% 405 * 167 * --- ---

Other Manufacturing 46.5% 20,867 1.7% 11,228 1.7% 67 23.7% 

TRANSPORTATION AND PUBLIC UTILITIES 41.3% 227,733 18.9% 133,748 19.8% 49 17.3% 

Trucking 38.7% 198,170 16.4% 121,480 18.0% --- ---

Water Transportation 61.2% 23,786 2.0% 9,270 1.4% 49 17.3% 

Other Transportation and Public Utilities 48.1% 5,778 0.5% 2,998 0.4% --- ---

INFORMATION 36.6% 32,240 2.7% 20,453 3.0% 3 0 0.1% 

WHOLESALE TRADE 55.4% 3,481 0.3% 1,553 0.2% --- ---

RETAIL TRADE 40.3% 85,143 7.1% 50,865 7.5% 1 0.5% 

SERVICES 32.1% 161,399 13.4% 89,799 13.3% 3 1.0% 

Administrative/Support 42.9% 26,150 2.2% 14,935 2.2% --- ---

Health Care/Social Assistance 44.2% 46,361 3.8% 25,877 3.8% --- ---

Accommodative/Food Service 44.2% 20,738 1.7% 11,566 1.7% 2 0.7% 

Other Services 45.1% 68,150 5.7% 37,420 5.5% 1 0.3% 

TOTAL 43.9% $1,205,203 100.0% $676,697 100.0% $281 100.0% 

1 Data presented excludes plans currently receiving PBGC Financial Assistance. 

2

 Liabilities represent vested liabilities and have been adjusted annually, based on an assumed mortality table and durations, to reflect an interest rate, as of the beginning of the 

calendar year, that estimates the cost to purchase an annuity. 

3

 Amounts are less than $500,000 and therefore display as zero because of rounding. 

* Less than 0.05 of one percent. 

Source: Form 5500 filings 

Notes: 

- Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%. 

2020 Data Tables 
 

Table M-15 

PBGC Maximum Guaranteed Benefits (1980-2023) 

PBGC MULTIEMPLOYER PROGRAM 

Date of Plan Insolvency Monthly Benefit Formula 

Maximum Monthly Maximum Annual 

Guarantee Guarantee 

(30 Years of Service) 1 (30 Years of Service) 1 

The participant's years of service multiplied by the sum of 

(a) and (b), where:

September 27, 1980 to 

December 21, 2000 (a) 100% of the first $5 of the monthly benefit accrual rate

 (b) 75% of the next $15 of the monthly benefit accrual rate 

$487.50 $5,850.00 

The participant's years of service multiplied by the sum of 

(a) and (b), where:

On or after December 22, 2000 2 

 (a) 100% of the first $11 of the monthly benefit accrual rate

 (b) 75% of the next $33 of the monthly benefit accrual rate 

$1,072.50 $12,870.00 

1

 The formula presumes that the workers' monthly benefits are calculated by multiplying the monthly benefit accrual rate (a plan-specified dollar amount) times years of service. If the 

monthly benefit accrual rate prior to December 22, 2000, was less than $20 per year of service or if the accrual rate after December 21, 2000 is less than $44 per year of service then 

the maximum benefit guarantee for a participant with 30 years of service will be lower than the amounts shown. Note that there is no cap on applicable years of service; 30 years 

was selected for illustrative purposes only. 

2

 The increased guarantee does not apply to multiemployer plans that received financial aid from PBGC between December 22, 1999, and December 21, 2000. The original, lower 

monthly benefit guarantee continues to apply to participants in these plans. 

2020 Data Tables 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-16 

PBGC Historical Premium Rates (1974-2023) 

Premium Rate For Plan Years Beginning (per participant) 

September 2, 1974 - August 31, 1979 $0.50 

$0.50 for plan years beginning in September, 1979, 

September 1, 1979 - September 26, 1980 growing gradually to $1.00 for plan years beginning 

September 1, 1980 to September 26, 1980 

September 27, 1980 - September 26, 1984 $1.40 

September 27, 1984 - September 26, 1986 $1.80 

September 27, 1986 - September 26, 1988 $2.20 

September 27, 1988 - December 31, 2005 $2.60 

2006 - 2007 $8.00 1 

2008 - 2012 $9.00 1 

2013 $12.00 

2014 $12.00 

2015 $26.00 

2016 $27.00 

2017 $28.00 

2018 $28.00 

2019 $29.00 

2020 $30.00 

2021 $31.00 

2022 $32.00 

2023 $35.00 

1

 Beginning in 2007, this amount is adjusted annually based on changes in the national average wage index (as defined in section 209(k)(1) of the 

Social Security Act). The adjusted premium rate is rounded to the nearest multiple of $1. Premium amounts for 2013 and again for 2015 were reset as 

a result of legislation, and continue to be adjusted (from that higher level). 

Notes: 

Under the American Resue Plan Act of 2021, for plan years beginning after December 31, 2030, the premium rate will increase to $52 per participant. 

2020 Data Tables 
 

 

 

Table M-17 

Participants by Plan Zone Status and Participant Status1 (2009-2019) 

PBGC MULTIEMPLOYER PROGRAM 

Percentage of Participants within Zone Status Zone Status/Participant Type 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 

 Critical & Declining 

Active n/a n/a n/a n/a n/a n/a 15.3% 16.2% 16.1% 14.3% 14.8% 

In Pay n/a n/a n/a n/a n/a n/a 52.1% 51.7% 52.2% 52.5% 52.3% 

Separated Vested n/a n/a n/a n/a n/a n/a 32.6% 32.1% 31.7% 33.2% 32.9% 

Total Participants n/a n/a n/a n/a n/a n/a 1,166,554 

Percent of System n/a n/a n/a n/a n/a n/a 11.3% 

1,292,774 

12.5% 

1,257,156 1,298,375 1,312,051 

12.1% 12.4% 12.3% 

 Critical 

Active 38.9% 34.1% 31.3% 29.8% 29.3% 27.1% 32.6% 32.1% 30.4% 31.0% 30.5% 

In Pay 32.6% 34.7% 36.3% 38.1% 38.3% 40.5% 34.5% 34.4% 35.6% 34.9% 36.0% 

Separated Vested 28.5% 31.2% 32.5% 32.1% 32.0% 32.4% 32.9% 33.5% 34.0% 34.1% 33.5% 

Total Participants 3,901,690 3,944,404 3,474,996 3,478,525 3,648,059 3,445,697 2,188,213 

Percent of System 37.9% 38.7% 34.3% 34.5% 35.3% 33.9% 21.2% 

2,143,766 

20.7% 

2,148,040 1,882,450 2,248,130 

20.6% 17.9% 21.1% 

 Seriously Endangered 

Active 36.1% 28.2% 20.2% 20.4% 13.7% 37.0% 40.3% 45.0% 42.2% 43.5% 40.4% 

In Pay 38.3% 53.4% 63.7% 65.3% 76.5% 41.6% 43.5% 30.5% 37.4% 35.1% 36.8% 

Separated Vested 25.6% 18.4% 16.0% 14.2% 9.8% 21.3% 16.2% 24.5% 20.5% 21.4% 22.8% 

Total Participants 1,470,071 334,892 197,775 192,656 138,096 5,386 24,773 

Percent of System 14.3% 3.3% 2.0% 1.9% 1.3% 0.1% 0.2% 

29,670 

0.3% 

96,347 85,899 127,651 

0.9% 0.8% 1.2% 

 Endangered 

Active 47.7% 46.4% 41.9% 41.5% 39.1% 39.9% 38.3% 38.5% 40.1% 39.1% 40.0% 

In Pay 30.9% 32.5% 35.4% 36.0% 37.9% 36.3% 37.0% 37.7% 37.0% 38.6% 38.4% 

Separated Vested 21.4% 21.1% 22.7% 22.5% 23.0% 23.8% 24.7% 23.7% 22.9% 22.2% 21.6% 

Total Participants 1,791,794 1,343,543 1,182,836 1,304,796 1,339,856 1,176,225 1,154,551 

Percent of System 17.4% 13.2% 11.7% 12.9% 13.0% 11.6% 11.2% 

1,020,714 

9.9% 

915,694 1,070,762 898,414 

8.8% 10.2% 8.5% 

 Neither Endangered or Critical 

Active 46.0% 43.2% 42.2% 42.1% 42.2% 41.5% 42.4% 42.2% 42.0% 42.1% 42.8% 

In Pay 29.8% 31.0% 31.5% 30.7% 31.0% 31.8% 31.6% 31.8% 32.0% 32.3% 32.2% 

Separated Vested 24.3% 25.7% 26.3% 27.2% 26.7% 26.8% 26.1% 26.1% 26.0% 25.6% 25.0% 

Total Participants 3,120,860 4,560,589 5,285,045 5,119,835 5,217,433 5,548,105 5,784,268 

Percent of System 30.4% 44.8% 52.1% 50.7% 50.4% 54.5% 56.1% 

5,869,272 

56.7% 

6,001,649 6,158,390 6,046,685 

57.6% 58.7% 56.9% 

1

 Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status. 

Source: Form 5500 filings 

Notes: 

- In 2015, the Critical & Declining (C&D) status was introduced as a subset of the Critical status under MPRA 2014. 

2020 Data Tables 
 

 

 

 

 

Table M-18 

Plans by Plan Zone Status (2009-2019) 

PBGC MULTIEMPLOYER PROGRAM 

Zone Status 

2009 2010 2011 2012 

Plan Risk Status by Year (plan count) 

2013 2014 2015 2016 2017 2018 2019 

 Critical & Declining n/a n/a n/a n/a n/a n/a 84 108 114 113 110 

 Critical 439 385 322 329 343 323 215 213 191 169 173 

 Seriously Endangered 128 48 18 20 13 5 5 5 4 2 7 

 Endangered 298 228 212 228 206 163 150 136 129 124 113 

 Neither Endangered or Critical 485 672 770 727 728 788 802 780 796 815 805 

Total Classifiable Ongoing Plans1 1,350 1,333 1,322 1,304 1,290 1,279 1,256 1,242 1,234 1,223 1,208 

Zone Status 

2009 2010 2011 2012 

Plan Risk Status by Year (% of plans) 

2013 2014 2015 2016 2017 2018 2019 

 Critical & Declining n/a n/a n/a n/a n/a n/a 6.7% 8.7% 9.2% 9.2% 9.1% 

 Critical 32.5% 28.9% 24.4% 25.2% 26.6% 25.3% 17.1% 17.2% 15.5% 13.8% 14.3% 

 Seriously Endangered 9.5% 3.6% 1.4% 1.5% 1.0% 0.4% 0.4% 0.4% 0.3% 0.2% 0.6% 

 Endangered 22.1% 17.1% 16.0% 17.5% 16.0% 12.7% 11.9% 11.0% 10.5% 10.1% 9.4% 

 Neither Endangered or Critical 35.9% 50.4% 58.3% 55.8% 56.4% 61.6% 63.9% 62.8% 64.5% 66.6% 66.6% 

Total System 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 

1 Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status. 

Source: Form 5500 filings 

Notes: 

- In 2015, the Critical & Declining (C&D) status was introduced as a subset of the Critical status under MPRA 2014. 

2020 Data Tables 
 

 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-19 

Administrative Expenses per Participant by Industry

and Zone Status1 (2009-2019) 

Administrative Expense per Participant (median, unadjusted dollars) 

 Industry/Zone Status 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 

CONSTRUCTION 

 Critical & Declining n/a n/a n/a n/a n/a n/a $336 $362 $412 $369 $343 

 Critical $264 $265 $273 $258 $269 $277 $279 $291 $270 $302 $305 

 Seriously Endangered $240 $219 $193 $352 $310 $329 $273 $227 $164 $144 $148 

 Endangered $227 $253 $250 $246 $249 $251 $267 $261 $251 $251 $238 

 Neither Endangered or Critical $228 $228 $231 $229 $238 $247 $261 $253 $262 $260 $260 

All Construction $235 $239 $241 $242 $250 $252 $267 $265 $265 $266 $264 

MANUFACTURING 

 Critical & Declining n/a n/a n/a n/a n/a n/a $199 $162 $232 $188 $222 

 Critical $171 $181 $169 $182 $180 $182 $212 $234 $237 $256 $212 

 Seriously Endangered $133 $160 $245 $180 $194 $252 n/a n/a n/a n/a n/a 

 Endangered $180 $248 $163 $201 $182 $152 $189 $187 $179 $204 $204 

 Neither Endangered or Critical $172 $182 $197 $182 $186 $195 $197 $235 $223 $205 $219 

All Manufacturing $170 $181 $184 $182 $186 $185 $202 $210 $219 $206 $217 

TRANSPORTATION 

 Critical & Declining n/a n/a n/a n/a n/a n/a $365 $303 $302 $279 $250 

 Critical $199 $212 $230 $223 $206 $208 $220 $219 $222 $235 $211 

 Seriously Endangered $224 $342 $741 $207 $311 n/a n/a n/a n/a n/a $1,575 

 Endangered $316 $283 $263 $285 $289 $256 $311 $253 $225 $210 $172 

 Neither Endangered or Critical $304 $262 $273 $283 $298 $295 $290 $303 $304 $311 $321 

All Transportation $240 $245 $263 $258 $258 $267 $296 $288 $292 $279 $273 

OTHER INDUSTRIES 

 Critical & Declining n/a n/a n/a n/a n/a n/a $232 $225 $237 $232 $241 

 Critical $149 $148 $137 $147 $157 $163 $147 $139 $141 $134 $166 

 Seriously Endangered $176 $152 $253 $230 $274 $415 $423 $126 $215 $271 $143 

 Endangered $201 $180 $173 $206 $158 $153 $170 $229 $173 $197 $267 

 Neither Endangered or Critical $184 $188 $195 $188 $198 $195 $210 $203 $209 $211 $243 

All Other Industries $165 $168 $169 $174 $177 $185 $186 $193 $192 $198 $235 

System-wide $215 $221 $224 $224 $229 $237 $252 $245 $249 $250 $249 

1

 Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status. 

Source: Form 5500 filings 

Notes: 

- Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments. 

2020 Data Tables 
 

 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-20 

Administrative Expenses as a Percent of Benefits Paid by Industry 

and Zone Status1 (2009-2019) 

Administrative Expenses to Benefits Paid (median) Industry/Zone Status 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 

CONSTRUCTION 

 Critical & Declining n/a n/a n/a n/a n/a n/a 4.6% 7.2% 8.7% 8.1% 6.8% 

 Critical 5.4% 5.4% 5.9% 5.5% 4.9% 4.7% 4.5% 5.2% 4.6% 5.2% 4.5% 

 Seriously Endangered 6.0% 4.3% 2.5% 5.4% 5.6% 7.2% 3.6% 4.5% 4.5% 3.1% 2.8% 

 Endangered 5.3% 4.8% 4.5% 4.1% 4.0% 4.2% 4.3% 4.1% 3.8% 3.7% 3.7% 

 Neither Endangered or Critical 7.1% 6.2% 5.6% 5.4% 5.4% 5.4% 5.2% 5.1% 5.0% 4.9% 4.8% 

All Construction 6.1% 5.6% 5.4% 5.1% 5.0% 5.1% 4.9% 5.0% 4.8% 4.8% 4.7% 

MANUFACTURING 

 Critical & Declining n/a n/a n/a n/a n/a n/a 6.8% 7.5% 8.3% 6.9% 7.6% 

 Critical 8.6% 8.6% 7.5% 7.1% 7.5% 6.8% 12.2% 8.4% 7.8% 7.9% 7.5% 

 Seriously Endangered 7.5% 11.4% 9.9% 3.0% 4.0% 13.9% n/a n/a n/a n/a n/a 

 Endangered 8.3% 11.0% 7.3% 12.8% 11.1% 5.1% 5.4% 5.0% 6.8% 6.9% 7.0% 

 Neither Endangered or Critical 9.9% 9.8% 1.0% 10.0% 8.4% 8.5% 8.9% 8.8% 8.2% 7.9% 7.4% 

All Manufacturing 8.6% 9.4% 8.4% 7.7% 7.8% 7.3% 8.3% 8.0% 7.8% 7.4% 7.3% 

TRANSPORTATION 

 Critical & Declining n/a n/a n/a n/a n/a n/a 5.1% 4.3% 4.6% 4.8% 5.5% 

 Critical 4.2% 4.5% 3.9% 4.0% 3.9% 3.6% 3.0% 3.6% 5.0% 4.1% 3.7% 

 Seriously Endangered 4.3% 4.6% 11.5% 10.1% 5.6% n/a n/a n/a n/a n/a 6.9% 

 Endangered 6.6% 5.5% 5.8% 4.1% 3.9% 2.8% 6.0% 3.1% 2.8% 2.9% 2.7% 

 Neither Endangered or Critical 7.7% 8.8% 7.4% 7.0% 6.5% 7.3% 8.3% 6.5% 6.3% 5.9% 5.2% 

All Transportation 5.4% 5.8% 5.6% 5.4% 5.1% 5.4% 6.0% 4.7% 5.3% 4.9% 4.9% 

ALL OTHER INDUSTRIES 

 Critical & Declining n/a n/a n/a n/a n/a n/a 8.6% 7.3% 7.4% 8.3% 7.9% 

 Critical 7.7% 8.6% 8.2% 7.6% 8.5% 9.0% 8.6% 8.6% 9.6% 8.1% 6.3% 

 Seriously Endangered 10.3% 6.8% 8.6% 6.6% 4.0% 4.7% 4.6% 3.5% 8.9% 14.9% 2.9% 

 Endangered 7.7% 7.9% 9.0% 5.8% 7.8% 5.9% 4.8% 6.5% 7.4% 7.2% 5.2% 

 Neither Endangered or Critical 8.3% 9.8% 8.4% 7.7% 7.9% 8.1% 9.9% 9.0% 8.6% 8.6% 7.0% 

All 'All Other Industries' 8.4% 8.8% 8.4% 7.6% 8.1% 8.3% 8.9% 8.5% 8.6% 8.5% 6.7% 

System-wide 6.7% 6.3% 6.1% 5.8% 5.7% 5.7% 5.8% 5.7% 5.5% 5.4% 5.3% 

1

 Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status. 

Source: Form 5500 filings 

Notes: 

Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments. 

2020 Data Tables