2021 Pension Insurance Data Tables Installment 

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 (January 2020) 

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 (1980-2022) 

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2022) 

Claims Tables 

S-3 PBGC Terminations and Claims (1975-2022) 

S-4 PBGC Claims (1975-2022) 

S-5 Top 10 Firms Presenting Claims (1975-2022) 

S-6 PBGC Trusteed Terminations by Fiscal Year and Claim Size (1975-2022) 

S-7 PBGC Claims by Fiscal Year and Claim Size (1975-2022) 

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2022) 

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2022) 

S-10 PBGC Trusteed Plans by Claim Size and Funded Ratio (1975-2022) 

S-11 PBGC Claims by Claim Size and Funded Ratio (1975-2022) 

S-12 Average Claim per Vested Participant by Plan Size (1975-2022) 

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2022) 

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2022) 

S-15 PBGC Trusteed Plans by Claim Size and Plan Size (1975-2022) 

S-16 PBGC Claims by Claim Size and Plan Size (1975-2022) 

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2022) 

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2022) 

S-19 PBGC Claims by Industry (1975-2022) 

Guaranteed Payments Tables 

S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2022) 

S-21 PBGC Payees and Benefit Payments by Year of Plan Termination (Fiscal Year 2021/2022) 

S-22 PBGC Periodic Payees and Benefit Payments by Trusteed Plan Size (Fiscal Year 2021/2022) 

S-23 PBGC Periodic Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2021/2022) 

S-24 PBGC Periodic Retired Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2021/2022) 

S-25 PBGC Periodic Beneficiary Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2021/2022) 

S-26 PBGC Periodic Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2021/2022) 

S-27 PBGC Periodic Retired Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2021/2022) 

S-28 PBGC Periodic Beneficiary Payees and Benefit Payments by Monthly Payment Size (Fiscal Year 2021/2022) 

S-29 PBGC Periodic Payees and Benefit Payments by Industry (Fiscal Year 2021/2022) 

Covered Plan Information Tables 

S-30 PBGC-Insured Plan Participants (1980-2022) 

S-31 PBGC-Insured Plans (1980-2022) 

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2020) 

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and Salary Workers (1980-2020) 

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2020) 

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2020) 

S-36 PBGC-Insured Plans by Status of Benefit Accruals and Participation Freeze (2008-2020) 

S-37 Active Participants in PBGC-Insured Plans by Status of Benefit Accruals and Whether a Plan is Open to New Entrants (2008-2020) 

PBGC Premium Tables 

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2020/2021) 

S-39 PBGC's Historical Premium Rates (1974-2024) 

S-40 PBGC Premium Revenue (1980-2022) 

S-41 PBGC Premium Revenue by Plan Size and Premium Type (2020/2021) 

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2020/2021) 

S-43 PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2021) 

2021 Data Tables Installment 
2021 Pension Insurance Data Tables Installment 

PENSION INSURANCE DATA TABLE LISTING 

 

Plan Funding Tables 

S-44 Aggregate Funding of PBGC-Insured Plans (1980-2020) 

S-45 Aggregate Funding of Underfunded PBGC-Insured Plans (1980-2020) 

S-46 Aggregate Funding of Overfunded PBGC-Insured Plans (1980-2020) 

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2020) 

S-48 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2020) 

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2021) 

S-50 Funding of PBGC-Insured Plans by Industry (2020) 

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2020) 

Regional/State Information and Maximum Guaranteed Benefits Tables 

S-52 PBGC Pension Data by Region and State (2021/2022) 

S-53 PBGC Maximum Guaranteed Benefits (1990-2024) 

Pension Risk Transfer Tables 

S-54 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans (2015-2021 Premium Reporting) 

S-55 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size (2021 Premium Reporting) 

S-56 Estimated Incidence Rates of Partial Risk Transfer Activity in PBGC-Insured Plans by Plan Size - Hard Frozen Plans (2021 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 (2021 Premium Reporting) 

S-58 Estimated Partial Risk Transfer Activity in PBGC-Insured Plans by Industry (2021 Premium Reporting) 

S-59 Estimated Cumulative Partial Risk Transfer Activity in PBGC-Insured Plans (2016-2021 Premium Reporting) 

PBGC's Multiemployer Program 

Summary Tables 

M-1 Net Financial Position (1980-2022) 

M-2 PBGC Premium Revenue, Financial Assistance, and Expenses (1980-2022) 

Guaranteed Payments Tables 

M-3 PBGC Periodic Payees and Benefit Payments (Pre-MPPAA Plans, 1980-2022) 

M-4 PBGC Financial Assistance Payments (Post-MPPAA Plans and Special Financial Assistance, 1981-2022) 

Covered Plan Information Tables 

M-5 PBGC-Insured Plan Participants (1980-2022) 

M-6 PBGC-Insured Plans (1980-2022) 

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2020) 

M-8 PBGC-Insured Plans and Participants by Industry (2020) 

M-9 Aggregate Funding of PBGC-Insured Plans (1980-2020) 

M-10 Aggregate Funding of Underfunded PBGC-Insured Plans (1980-2020) 

M-11 Aggregate Funding of Overfunded PBGC-Insured Plans (1980-2020) 

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2020) 

M-13 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2020) 

M-14 Funding of PBGC-Insured Plans by Industry (2020) 

PBGC Maximum Guaranteed Benefits and Premium Rate Tables 

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

M-16 PBGC Historical Premium Rates (1974-2024) 

Multiemployer Supplement Tables 

M-17 Participants by Plan Zone Status and Participant Status (2009-2020) 

M-18 Plans by Plan Zone Status (2009-2020) 

M-19 Administrative Expenses per Participant by Industry and Zone Status (2009-2020) 

M-20 Administrative Expenses as a Percent of Benefits Paid by Industry and Zone Status (2009-2020) 

M-21 Special Financial Assistance Paid by Plan Size (Fiscal Year 2022) 

M-22 Special Financial Assistance Paid by Industry (Fiscal Year 2022) 

2021 Data Tables Installment 
 

 

2021 Pension Insurance Data Tables Installment 

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. 

The information shown in this installment of the Pension Insurance Data Tables is based on the most currently 

available information at the time of preparation. For the 2021 Installment, information from Form 5500 filings is for the 

2020 plan year, information from PBGC Premium filings is for the 2021 plan year, and information from PBGC 

operational data is for the 2022 fiscal year. 

2021 Data Tables Installment 
PBGC DATA BOOK AT A GLANCE 

Single-Employer Multiemployer 

Program Program 

($ in millions) ($ in millions) 

Combined 

Programs 

($ in millions) 

Fiscal Year 2021: 

Net Financial Position 

Total Assets 

Total Liabilities 

Premium Revenue1 

Number of Insured Plans 

Number of Insured Participants 

Change in number of plans Trusteed or Pending Trusteeship2 

Change in Claims3 

Total Number of Periodic Payees 

Paid Directly 

Paid Indirectly Through Traditional Financial Assistance 

Paid Indirectly Through Special Financial Assistance 

Total Benefit Payments 

Paid Directly to Payees 

Tranditional Financial Assistance Granted5 

Special Financial Assistance Granted 

Number of Plans Receiving Traditional Financial Assistance5 

Number of Plans Receiving Special Financial Assistance 

$30,937 

$150,692 

$119,755 

$4,511 

23,908 

22.7 M 

37 

$618 

969,390 

N/A 

N/A 

$6,440 

N/A 

N/A 

N/A 

N/A 

$481 

$3,512 

$3,031 

$331 

1,363 

10.9 M 

N/A 

N/A 

10 

80,786 

N/A 

4 ---

$230 

N/A 

$110 

N/A 

$31,418 

$154,204 

$122,786 

$4,842 

24,846 

33.6 M 

37 

$618 

969,400 

80,786 

N/A 

$6,440 

$230 

N/A 

$110 

N/A 

Fiscal Years 1975-2021 

Plans Trusteed or Pending Trusteeship 

Amount of Claims3 

Number of Plans Receiving Traditional Financial Assistance5 

Number of Plans Receiving Special Financial Assistance 

Total Amount of Traditional Financial Assistance Granted5 

Total Amount of Special Financial Assistance Granted 

5,068 

$54,926 

N/A 

N/A 

N/A 

N/A 

10 

$31 

147 

N/A 

$2,047 

N/A 

5,078 

$54,957 

147 

N/A 

$2,029 

N/A 

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 Annual Report, 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. 

2021 Data Tables Installment 
PBGC DATA BOOK AT A GLANCE 

Single-Employer Multiemployer Combined 

Program Program Programs 

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

Fiscal Year 2022: 

Net Financial Position $36,574 $1,061 $37,635 

Total Assets $124,394 $3,493 $127,887 

Total Liabilities $87,820 $2,432 $90,252 

Premium Revenue1 $4,586 $339 $4,925 

Number of Insured Plans 23,766 1,361 25,126 

Number of Insured Participants 22.3 M 11.2 M 33.5 M 

Change in number of plans Trusteed or Pending Trusteeship2 32 N/A 32 

Change in Claims3 

Total Number of Periodic Payees 

$253 N/A $253 

Paid Directly 969,287 8 969,295 

Paid Indirectly Through Traditional Financial Assistance N/A 93,525 93,525 

Paid Indirectly Through Special Financial Assistance 

Total Benefit Payments 

N/A 149,855 149,855 

Paid Directly to Payees $7,043 4 --- $7,043 

Tranditional Financial Assistance Granted5 N/A $226 $226 

Special Financial Assistance Granted N/A $7,526 $7,526 

Number of Plans Receiving Traditional Financial Assistance5 N/A $116 $116 

Number of Plans Receiving Special Financial Assistance N/A 29 29 

Fiscal Years 1975-2022 

Plans Trusteed or Pending Trusteeship 5,100 10 5,110 

Amount of Claims3 $55,180 $31 $55,211 

Number of Plans Receiving Traditional Financial Assistance5 N/A 151 151 

Number of Plans Receiving Special Financial Assistance N/A 29 29 

Total Amount of Traditional Financial Assistance Granted5 N/A $2,273 $2,246 

Total Amount of Special Financial Assistance Granted N/A $7,526 $7,526 

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 Annual Report, 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. 

2021 Data Tables Installment 
 

1995

2000

2005

2010

2015

2020

-

Table S-1 

Net Financial Position (1980-2022) 

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 

2022 $124,394 $87,820 

($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 

$36,574 

Source: PBGC Annual Reports 

Note: 

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

2021 Data Tables Installment 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-2 

PBGC Premium Revenue, Benefit Payments, and

Expenses (1980-2022) 

Total Administrative & Benefit Payments Fiscal Year Premium Revenue Investment Expenses ($ millions) ($ millions) ($ millions) 

1980 $71 $37 $20 

1985 $82 $170 $33 

1990 $659 $369 $63 

1995 $838 $761 $138 

1996 $1,146 $790 $150 

1997 $1,067 $823 $155 

1998 $966 $847 $158 

1999 $902 $901 $161 

2000 $807 $902 $167 

2001 $821 $1,042 $184 

2002 $787 $1,537 $225 

2003 $948 $2,488 $290 

2004 $1,458 $3,006 $288 

2005 $1,451 $3,685 $342 

2006 $1,442 $4,082 $405 

2007 $1,476 $4,266 $378 

2008 $1,340 $4,292 $400

 2009* $1,822 $4,478 $417 

2010 $2,231 $5,467 $449 

2011 $2,072 $5,340 $424 

2012 $2,642 $5,384 $443 

2013 $2,943 $5,449 $434 

2014 $3,812 $5,522 $464 

2015 $4,138 $5,570 $446 

2016 $6,379 $5,659 $465 

2017 $6,739 $5,699 $481 

2018 $5,518 $5,792 $489 

2019 $6,352 $6,020 $488 

2020 $5,663 $6,126 $538 

2021 $4,511 $6,440 $559 

2022 $4,586 $7,042 $585 

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

Source: PBGC Annual Reports 

Note: 

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

2021 Data Tables Installment 
-

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 $3,263 529 2,735 

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 1,300 5,968 

2010 1,308 156 1,327 2,489 $1,162 183 979 

2011 1,400 100 852 1,519 $667 77 591 

2012 1,332 118 797 1,707 $910 88 822 

2013 1,481 97 1,441 2,865 $1,424 154 1,270 

2014 1,373 67 1,092 1,834 $743 142 601 

2015 1,197 53 690 1,407 $716 69 648 

2016 1,225 74 1,245 2,212 $967 33 934 

2017 1,350 50 475 917 $443 45 397 

2018 1,468 58 2,500 3,948 $1,448 462 986 

2019 1,500 52 3,262 4,780 $1,518 27 1,490 

2020 1,597 59 3,681 5,609 $1,928 82 1,845 

2021 1,880 36 3,983 4,600 $617 9 608 

2022 1,593 13 131 286 $155 1 154

 Total 150,323 5,100 $67,495 $122,675 $55,180 $7,988 $47,192 

Fiscal 

Year 

Number of Plans Trusteed Termination Data 

PBGC SINGLE EMPLOYER PROGRAM 

Table S-3 

PBGC Terminations and Claims (1975-2022) 

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. 

2021 Data Tables Installment 
 

-

Table S-4 

PBGC Claims (1975-2022) 

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 3,789,520,789 

2003 6,474,349,225 

2004 3,263,342,329 

2005 11,266,000,936 

2006 2,224,120,822 

2007 344,047,873 

2008 279,252,519 

2009 7,268,844,774 

2010 1,162,166,076 

2011 667,324,861 

2012 910,406,701 

2013 1,423,922,488 

2014 742,635,866 

2015 716,444,246 

2016 967,074,815 

2017 442,496,448 

2018 1,447,875,826 

2019 1,517,680,051 

2020 1,927,855,858 

2021 616,820,656 

2022 154,698,255 

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

2,081,361,846 54.9% 

5,550,023,175 85.7% 

52,103,413 1.6% 

9,486,441,042 84.2% 

1,717,326,477 77.2% 

--- ---

--- ---

4,820,202,481 66.3% 

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

915,828,172 63.3% 

1,219,173,186 80.3% 

945,233,584 49.0% 

--- ---

--- ---

$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% 

1,708,158,943 45.1% 

924,326,049 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% 

667,324,861 100.0% 

910,406,701 100.0% 

1,423,922,488 100.0% 

742,635,866 100.0% 

716,444,246 100.0% 

967,074,815 100.0% 

442,496,448 100.0% 

532,047,655 36.7% 

298,506,865 19.7% 

982,622,274 51.0% 

616,820,656 100.0% 

154,698,255 100.0% 

Total $55,179,645,624 $26,787,693,377 48.5% $28,391,952,248 51.5% 

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. 

2021 Data Tables Installment 
 

-

Table S-5 

Top 10 Firms Presenting Claims (1975-2022) 

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 7,304,186,216 

2. Delphi 6 2009 4,820,202,481 

3. Bethlehem Steel 1 2003 3,702,771,655 

4. US Airways 4 2003, 2005 2,708,976,605 

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

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

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

8. Sears Holdings 2 2019 1,219,173,186 

9. McClatchy Co. 1 2020 945,233,584 

10. Avaya 1 2018 915,828,172 

122,483 

66,614 

92,174 

60,585 

83,782 

13,237 

35,152 

92,683 

24,056 

8,043 

59,634 13.2% 

72,360 8.7% 

40,172 6.7% 

44,714 4.9% 

25,483 3.9% 

129,737 3.1% 

37,523 2.4% 

13,154 2.2% 

39,293 1.7% 

113,866 1.7% 

Top 10 Total 33 $26,787,693,377 598,809 $44,735 48.5% 

All Other Total 5,067 28,391,952,248 1,944,536 14,601 51.5% 

Total 5,100 $55,179,645,624 2,543,345 $21,696 100.0% 

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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-6 

PBGC Trusteed Terminations by Fiscal Year and Claim Size (1975-2022) 

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 11.5% 

1980 - 1984 539 65 18 --- --- 622 12.2% 

1985 - 1989 450 67 15 5 --- 537 10.5% 

1990 - 1994 534 137 17 6 --- 694 13.6% 

1995 - 1999 310 118 16 --- --- 444 8.7% 

2000 - 2004 360 245 83 23 2 713 14.0% 

2005 - 2009 237 245 70 12 7 571 11.2% 

2010 71 64 19 2 --- 156 3.1% 

2011 34 50 16 --- --- 100 2.0% 

2012 46 56 14 2 --- 118 2.3% 

2013 33 42 19 3 --- 97 1.9% 

2014 23 31 12 1 --- 67 1.3% 

2015 17 27 7 2 --- 53 1.0% 

2016 33 27 11 3 --- 74 1.5% 

2017 18 24 7 1 --- 50 1.0% 

2018 21 29 6 2 --- 58 1.1% 

2019 21 23 6 2 --- 52 1.0% 

2020 18 26 12 3 --- 59 1.2% 

2021 9 14 12 1 --- 36 0.7% 

2022 5 7 --- 1 --- 13 0.3% 

Total Plans 3,324 1,333 365 69 9 5,100 

Percent of Total 65.2% 26.1% 7.2% 1.4% 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. 

2021 Data Tables Installment 
 

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Table S-7 

PBGC Claims by Fiscal Year and Claim Size (1975-2022) 

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 2,445,619,480 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 17,210,750 141,249,643 508,864,468 ---

2012 18,422,668 179,643,206 494,795,459 217,545,368 

2013 17,270,663 144,787,489 578,702,411 683,161,924 

2014 12,011,406 103,059,849 380,281,446 247,283,165 

2015 8,094,077 102,730,742 132,367,624 473,251,804 

2016 14,883,830 89,001,529 392,293,074 470,896,382 

2017 7,225,039 68,757,604 219,309,367 147,204,438 

2018 8,846,006 103,885,347 270,689,199 1,064,455,275 

2019 11,402,746 94,577,223 192,526,896 1,219,173,186 

2020 8,578,942 88,434,574 459,688,855 1,371,153,487 

2021 4,038,710 74,444,602 301,541,281 236,796,063 

2022 1,540,498 30,414,639 --- 122,743,119 

≥ $1 Billion 

---

---

---

---

---

5,396,777,176 

13,800,048,815 

---

---

---

---

---

---

---

---

---

---

---

---

---

Total Percent 

Claims of Total 

$252,206,144 0.5% 

742,708,476 1.3% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,605 26.8% 

21,382,266,924 38.8% 

1,162,166,076 2.1% 

667,324,861 1.2% 

910,406,701 1.6% 

1,423,922,488 2.6% 

742,635,866 1.3% 

716,444,246 1.3% 

967,074,815 1.8% 

442,496,448 0.8% 

1,447,875,826 2.6% 

1,517,680,051 2.8% 

1,927,855,858 3.5% 

616,820,656 1.1% 

154,698,255 0.3% 

Total $811,560,007 $4,286,304,910 $10,948,977,921 $19,935,976,796 

Percent of Total 1.5% 7.8% 19.8% 36.1% 

$19,196,825,991 

34.8% 

$55,179,645,624 

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%. 

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-8 

PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2022) 

Funded Ratio Fiscal Total Percent 

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

1975 - 1979 163 149 127 147 586 11.5% 

1980 - 1984 220 134 135 133 622 12.2% 

1985 - 1989 170 112 127 128 537 10.5% 

1990 - 1994 189 153 181 171 694 13.6% 

1995 - 1999 117 102 139 86 444 8.7% 

2000 - 2004 118 201 248 146 713 14.0% 

2005 - 2009 107 159 225 80 571 11.2% 

2010 31 42 77 6 156 3.1% 

2011 21 32 44 3 100 2.0% 

2012 30 54 29 5 118 2.3% 

2013 28 37 30 2 97 1.9% 

2014 13 20 31 3 67 1.3% 

2015 12 22 19 . 53 1.0% 

2016 21 26 26 1 74 1.5% 

2017 19 11 16 4 50 1.0% 

2018 13 17 25 3 58 1.1% 

2019 13 13 22 4 52 1.0% 

2020 6 19 25 9 59 1.2% 

2021 3 6 23 4 36 0.7% 

2022 3 4 4 2 13 0.3% 

Total 1,297 1,313 1,553 937 5,100 

Percent of Total 25.4% 25.7% 30.5% 18.4% 100.0% 

Source: PBGC Fiscal Year Closing File 

Note: 

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

2021 Data Tables Installment 
 

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Table S-9 

PBGC Claims by Fiscal Year and Funded Ratio (1975-2022) 

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 714,372,251 7,964,811,031 5,914,608,203 185,019,119 

2005 - 2009 232,609,310 9,446,846,107 11,539,055,540 163,755,968 

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

2011 108,435,713 200,425,551 355,235,451 3,228,145 

2012 46,812,478 634,952,495 215,885,959 12,755,770 

2013 157,746,464 346,177,202 919,998,822 ---

2014 13,691,955 155,731,656 572,670,634 541,622 

2015 32,138,311 478,887,608 205,418,328 ---

2016 29,278,197 335,100,399 597,528,721 5,167,498 

2017 42,937,726 74,125,510 325,317,592 115,619 

2018 16,010,734 73,886,788 1,356,779,449 1,198,856 

2019 18,764,380 31,778,910 1,383,428,226 83,708,534 

2020 8,237,410 97,804,554 1,458,748,603 363,065,291 

2021 1,190,231 65,291,899 305,336,898 245,001,629 

2022 999,618 134,109,043 16,629,126 2,960,469 

$252,206,144 0.5% 

742,708,476 1.3% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,605 26.8% 

21,382,266,924 38.8% 

1,162,166,076 2.1% 

667,324,861 1.2% 

910,406,701 1.6% 

1,423,922,488 2.6% 

742,635,866 1.3% 

716,444,246 1.3% 

967,074,815 1.8% 

442,496,448 0.8% 

1,447,875,826 2.6% 

1,517,680,051 2.8% 

1,927,855,858 3.5% 

616,820,656 1.1% 

154,698,255 0.3% 

Total $4,593,299,182 $21,874,691,424 $27,379,311,459 $1,332,343,559 

Percent of Total 8.3% 39.6% 49.6% 2.4% 

$55,179,645,624 

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%. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-10 

PBGC Trusteed Plans by Claim Size and Funded Ratio (1975-2022) 

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%

949 294 45 9 ---

723 434 128 24 4 

819 518 177 34 5 

833 87 15 2 ---

1,297 25.4% 

1,313 25.7% 

1,553 30.5% 

937 18.4% 

Total 3,324 1,333 365 69 9 5,100 

Percent of Total 65.2% 26.1% 7.2% 1.4% 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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-11 

PBGC Claims by Claim Size and Funded Ratio (1975-2022) 

Size of Claim Funded Total Percent 

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

< 25% $270,957,114 $793,946,993 $1,231,016,878 $2,297,378,197 --- $4,593,299,182 8.3% 

25% - 49% 220,702,271 1,444,486,815 4,009,488,817 6,729,778,677 9,470,234,844 21,874,691,424 39.6% 

50% - 74% 236,424,889 1,790,821,501 5,177,265,457 10,448,208,466 9,726,591,147 27,379,311,459 49.6% 

≥ 75% 83,475,734 257,049,601 531,206,769 460,611,455 --- 1,332,343,559 2.4% 

Total $811,560,007 $4,286,304,910 $10,948,977,921 $19,935,976,796 $19,196,825,991 $55,179,645,624 

Percent of Total 1.5% 7.8% 19.8% 36.1% 34.8% 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%. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-12 

Average Claim per Vested Participant by Plan Size (1975-2022) 

Claims Average 1 

Claims Average 

(2022 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 (2022 Dollars) 

< 100 108,332 3,021 

100-999 547,552 1,717 

1,000-4,999 567,474 278 

5,000-9,999 312,280 43 

≥ 10,000 1,007,707 41 

$1,351,957,693 2.5% $12,480 

6,420,174,884 11.6% 11,725 

9,827,548,875 17.8% 17,318 

7,602,734,705 13.8% 24,346 

29,977,229,468 54.3% 29,748 

$2,129,174,694 2.5% $19,654 

10,463,862,328 12.4% $19,110 

15,588,614,439 18.5% $27,470 

11,528,587,344 13.7% $36,917 

44,549,482,318 52.9% $44,209 

Total 2,543,345 5,100 $55,179,645,624 100.0% $21,696 $84,259,721,122 100.0% $33,129 

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%. 

2021 Data Tables Installment 
 

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Table S-13 

PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2022) 

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 157 252 260 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 19 14 17 2 1 ---

2016 31 17 19 4 2 1 

2017 16 18 11 5 --- ---

2018 18 20 16 2 2 ---

2019 18 15 14 2 1 2 

2020 19 14 16 7 2 1 

2021 5 8 20 2 --- 1 

2022 4 3 5 1 --- ---

586 11.5% 

622 12.2% 

537 10.5% 

694 13.6% 

444 8.7% 

713 14.0% 

571 11.2% 

156 3.1% 

100 2.0% 

118 2.3% 

97 1.9% 

67 1.3% 

53 1.0% 

74 1.5% 

50 1.0% 

58 1.1% 

52 1.0% 

59 1.2% 

36 0.7% 

13 0.3% 

Total 1,299 1,722 1,717 278 43 41 

Percent of Total 25.5% 33.8% 33.7% 5.5% 0.8% 0.8% 

5,100 

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%. 

2021 Data Tables Installment 
 

 

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Table S-14 

PBGC Claims by Fiscal Year and Plan Size (1975-2022) 

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 

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 2,355,029,159 

2005 - 2009 51,875,534 138,169,633 992,575,135 1,691,776,611 

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

2011 17,510,400 47,747,791 222,345,400 379,721,270 

2012 24,044,643 75,889,482 336,853,717 361,237,869 

2013 30,987,699 71,282,843 260,634,678 484,554,721 

2014 9,589,408 43,679,182 231,075,294 211,008,818 

2015 20,939,826 27,398,892 162,353,794 149,681,173 

2016 17,533,662 32,686,154 187,319,628 258,638,989 

2017 14,355,322 27,559,331 81,155,738 319,426,056 

2018 12,129,005 35,982,133 184,028,459 229,794,413 

2019 14,047,171 32,245,845 109,822,680 65,937,117 

2020 15,958,657 27,147,926 173,153,747 636,806,110 

2021 1,788,439 15,209,267 254,240,132 108,786,755 

2022 1,216,149 10,151,727 20,587,261 122,743,119 

---

---

738,503,990 

62,798,863 

102,443,025 

3,045,986,954 

743,816,843 

325,153,412 

---

112,380,990 

576,462,547 

---

356,070,561 

347,165,817 

---

985,941,816 

76,454,052 

129,555,835 

---

---

---

---

244,441,168 

1,245,201,267 

28,986,398 

7,922,330,903 

17,764,053,168 

---

---

---

---

247,283,165 

---

123,730,566 

---

---

1,219,173,186 

945,233,584 

236,796,063 

---

$252,206,144 0.5% 

742,708,476 1.3% 

1,701,718,995 3.1% 

2,841,766,851 5.2% 

782,765,480 1.4% 

14,778,810,605 26.8% 

21,382,266,924 38.8% 

1,162,166,076 2.1% 

667,324,861 1.2% 

910,406,701 1.6% 

1,423,922,488 2.6% 

742,635,866 1.3% 

716,444,246 1.3% 

967,074,815 1.8% 

442,496,448 0.8% 

1,447,875,826 2.6% 

1,517,680,051 2.8% 

1,927,855,858 3.5% 

616,820,656 1.1% 

154,698,255 0.3% 

Total $327,067,047 $1,024,890,645 $6,420,174,884 $9,827,548,875 

Percent of Total 0.6% 1.9% 11.6% 17.8% 

$7,602,734,705 

13.8% 

$29,977,229,468 

54.3% 

$55,179,645,624 

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%. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-15 

PBGC Trusteed Plans by Claim Size and Plan Size (1975-2022) 

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 1,225 74 --- --- --- 1,299 25.5% 

25 - 99 1,415 305 2 --- --- 1,722 33.8% 

100 - 999 671 884 162 --- --- 1,717 33.7% 

1,000 - 4,999 13 69 176 20 --- 278 5.5% 

5,000 - 9,999 --- 1 18 24 --- 43 0.8% 

≥ 10,000 --- --- 7 25 9 41 0.8% 

Total 3,324 1,333 365 69 9 5,100 

Percent of Total 65.2% 26.1% 7.2% 1.4% 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. 

2021 Data Tables Installment 
 

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Table S-16 

PBGC Claims by Claim Size and Plan Size (1975-2022) 

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 $193,059,611 $134,007,436 --- ---

25 - 99 355,743,905 647,042,634 22,104,106 ---

100 - 999 256,339,399 3,162,760,813 3,001,074,671 ---

1,000 - 4,999 6,417,091 336,073,191 6,532,209,782 2,952,848,811 

5,000 - 9,999 --- 6,420,835 1,054,745,754 6,541,568,116 

≥ 10,000 --- --- 338,843,609 10,441,559,868 

---

---

---

---

---

19,196,825,991 

$327,067,047 0.6% 

1,024,890,645 1.9% 

6,420,174,884 11.6% 

9,827,548,875 17.8% 

7,602,734,705 13.8% 

29,977,229,468 54.3% 

Total $811,560,007 $4,286,304,910 $10,948,977,921 $19,935,976,796 

Percent of Total 1.5% 7.8% 19.8% 36.1% 

$19,196,825,991 

34.8% 

$55,179,645,624 

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%. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-17 

PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2022) 

Funded Ratio Number of Plan Total Percent 

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

< 25 499 287 239 274 1,299 25.5% 

25-99 487 462 454 319 1,722 33.8% 

100-999 272 455 697 293 1,717 33.7% 

1,000-4,999 34 82 122 40 278 5.5% 

5,000-9,999 4 16 17 6 43 0.8% 

≥ 10,000 1 11 24 5 41 0.8% 

Total 1,297 1,313 1,553 937 5,100 

Percent of Total 25.4% 25.7% 30.5% 18.4% 100.0% 

Source: PBGC Fiscal Year Closing File 

Notes: 

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

2021 Data Tables Installment 
 

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Table S-18 

PBGC Claims by Funded Ratio and Plan Size (1975-2022) 

PBGC SINGLE EMPLOYER PROGRAM 

Funded Ratio Number of Plan 

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

Total Percent 

Claims of Total 

< 25 $177,863,129 $89,754,223 $55,427,553 $4,022,142 

25-99 362,389,241 367,201,355 267,821,369 27,478,681 

100-999 877,516,400 2,341,774,057 2,973,810,056 227,074,371 

1,000-4,999 1,569,454,254 3,310,801,354 4,560,098,535 387,194,732 

5,000-9,999 826,538,771 3,021,267,697 3,419,755,392 335,172,845 

≥ 10,000 779,537,388 12,743,892,738 16,102,398,554 351,400,788 

$327,067,047 0.6% 

1,024,890,645 1.9% 

6,420,174,884 11.6% 

9,827,548,875 17.8% 

7,602,734,705 13.8% 

29,977,229,468 54.3% 

Total $4,593,299,182 $21,874,691,424 $27,379,311,459 $1,332,343,559 

Percent of Total 8.3% 39.6% 49.6% 2.4% 

$55,179,645,624 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-19 

PBGC Claims by Industry (1975-2022) 

Industry Total Claims Plans Vested Participants 

AGRICULTURE, MINING, AND CONSTRUCTION $843,576,091 1.5% 303 5.9% 49,234 1.9% 

MANUFACTURING 28,969,944,552 52.5% 2,945 57.7% 1,395,128 54.9% 

Chemical and Allied Products 335,716,567 0.6% 63 1.2% 17,574 0.7% 

Computer and Electronic Products 793,646,180 1.4% 79 1.5% 39,096 1.5% 

Electrical Equipment 127,227,638 0.2% 77 1.5% 14,189 0.6% 

Fabricated Metal Products 1,944,482,033 3.5% 692 13.6% 139,100 5.5% 

Food and Tobacco Products 538,996,278 1.0% 188 3.7% 63,752 2.5% 

Machinery Manufacturing 1,543,471,088 2.8% 302 5.9% 103,605 4.1% 

Motor Vehicle Equipment 5,537,580,562 10.0% 129 2.5% 133,711 5.3% 

Paper Manufacturing 560,756,895 1.0% 130 2.5% 29,128 1.1% 

Petroleum and Coal Products 61,296,082 0.1% 16 0.3% 5,606 0.2% 

Primary Metals 12,607,237,299 22.8% 364 7.1% 430,924 16.9% 

Other Manufacturing 4,919,533,932 8.9% 905 17.7% 418,443 16.5% 

TRANSPORTATION AND PUBLIC UTILITIES 14,459,673,956 26.2% 216 4.2% 379,915 14.9% 

Air Transportation 14,017,184,672 25.4% 44 0.9% 340,749 13.4% 

Other Transportation 439,647,360 0.8% 162 3.2% 38,761 1.5% 

Public Utilities 2,841,924 * 10 0.2% 405 * 

INFORMATION 2,537,355,986 4.6% 85 1.7% 57,704 2.3% 

WHOLESALE TRADE 649,465,019 1.2% 314 6.2% 46,561 1.8% 

RETAIL TRADE 2,672,053,921 4.8% 366 7.2% 317,185 12.5% 

FINANCE, INSURANCE, AND REAL ESTATE 1,100,730,007 2.0% 170 3.3% 84,505 3.3% 

SERVICES 3,708,664,801 6.7% 612 12.0% 203,860 8.0% 

Health Care 2,376,750,391 4.3% 193 3.8% 126,304 5.0% 

Other Services 1,331,914,410 2.4% 419 8.2% 77,556 3.0% 

NON-PROFIT ORGANIZATIONS 238,181,290 0.4% 89 1.7% 9,253 0.4% 

TOTAL $55,179,645,624 100.0% 5,100 100.0% 2,543,345 100.0% 

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. 

* Less than 0.05 of one percent. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-20 

PBGC Benefit Payments, Payees, and Deferred Payees (1980-2022) 

Periodic Pension Payments Lump-Sum Payments 1 All Payments Number of 

Fiscal Deferred No. of Payees at Average Median No. of Payees at Average No. of Payees at 

Year Total Total Total Payees End of Fiscal Year Benefit Benefit End of Fiscal Year Payment End of Fiscal Year 2 

($ millions) ($ millions) ($ millions) (thousands) (thousands) Payment3 Payment3 (thousands) (per payee) (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 

2021 $6,299 967 $543 $286 $141 41 $3,415 $6,440 969 540 

2022 $6,866 966 $538 $290 $177 46 $3,805 $7,043 969 495 

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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-21a 

PBGC Payees and Benefit Payments by Year of Plan

Termination (Fiscal Year 2021) 

Fiscal Year Benefit Payments Average Median Number of Number of Plan in 2021 Benefit Benefit Deferred of Payees Termination ($ millions) Payment1 Payment1 Payees 

Prior to 1980 1,402 0.1% $2 0.0% $133 $80 481 

1980 to 1984 9,421 1.0% 22 0.3% 201 153 1,483 

1985 to 1989 19,165 2.0% 61 0.9% 279 193 1,423 

1990 to 1994 65,867 6.8% 260 4.0% 350 231 6,534 

1995 6,140 0.6% 23 0.4% 339 178 1,520 

1996 7,290 0.8% 21 0.3% 282 142 39,864 

1997 11,008 1.1% 39 0.6% 345 201 3,148 

1998 4,090 0.4% 14 0.2% 309 175 3,652 

1999 9,398 1.0% 32 0.5% 326 178 8,082 

2000 6,550 0.7% 21 0.3% 305 153 2,067 

2001 44,038 4.5% 245 3.8% 467 261 10,060 

2002 77,972 8.0% 423 6.6% 451 254 13,745 

2003 81,414 8.4% 743 11.5% 756 394 15,744 

2004 61,856 6.4% 321 5.0% 448 240 19,973 

2005 118,600 12.2% 1,143 17.7% 856 494 73,724 

2006 21,229 2.2% 291 4.5% 1,263 449 11,031 

2007 13,196 1.4% 57 0.9% 382 192 14,918 

2008 10,059 1.0% 53 0.8% 448 230 5,021 

2009 119,624 12.3% 1,056 16.4% 740 414 71,475 

2010 26,333 2.7% 148 2.3% 525 268 28,218 

2011 13,961 1.4% 80 1.2% 492 275 18,020 

2012 12,730 1.3% 82 1.3% 658 262 18,439 

2013 19,692 2.0% 141 2.2% 896 360 14,175 

2014 20,250 2.1% 92 1.4% 517 198 22,316 

2015 12,335 1.3% 69 1.1% 740 286 12,600 

2016 18,728 1.9% 105 1.6% 726 255 21,986 

2017 6,488 0.7% 40 0.6% 562 238 9,438 

2018 14,554 1.5% 207 3.2% 1,182 708 10,997 

2019 8,400 0.9% 38 0.6% 575 280 38,692 

2020 28,441 2.9% 140 2.2% 707 410 26,836 

2021 3,367 0.3% 4 0.1% 633 453 14,201 

Subtotal 873,598 90.1% $5,974 92.8% $650 $297 539,863

 Recently 95,792 9.9% 466 7.2% n/a n/a n/a Terminated Plans 

Total 969,390 100.0% $6,440 100.0% n/a n/a 539,863 

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%. 

2021 Data Tables Installment 
21 

 

PBGC SINGLE-EMPLOYER PROGRAM

Table SPBGC Payees and Benefit Payments by Year of Plan

PBGC SINGLE EMPLOYER PROGRAM 

21b 

PBGC Payees and Benefit Payments by Year of Plan

Termination (Fiscal Year 2022) 

Fiscal Year Benefit Payments Average Median Number of Number of Plan in 2022 Benefit Benefit Deferred of Payees Termination ($ millions) Payment1 Payment1 Payees 

Prior to 1980 1,194 0.1% $2 0.0% $103 $80 463 

1980 to 1984 8,446 0.9% 21 0.3% 194 151 1,422 

1985 to 1989 17,539 1.8% 60 0.8% 273 193 1,328 

1990 to 1994 63,135 6.5% 265 3.8% 332 229 5,985 

1995 5,931 0.6% 24 0.3% 335 179 1,420 

1996 6,932 0.7% 22 0.3% 251 144 42,429 

1997 10,743 1.1% 40 0.6% 322 202 2,828 

1998 3,957 0.4% 15 0.2% 335 180 3,365 

1999 9,455 1.0% 35 0.5% 347 181 7,616 

2000 6,255 0.6% 22 0.3% 276 157 1,908 

2001 43,111 4.4% 257 3.6% 449 259 9,310 

2002 75,547 7.8% 438 6.2% 445 251 12,432 

2003 78,724 8.1% 778 11.0% 747 390 14,338 

2004 60,486 6.2% 338 4.8% 434 240 18,423 

2005 130,898 13.5% 1,332 18.9% 1,024 548 61,791 

2006 21,380 2.2% 327 4.6% 1,239 453 10,213 

2007 13,215 1.4% 61 0.9% 368 193 13,904 

2008 10,106 1.0% 57 0.8% 440 232 4,615 

2009 119,589 12.3% 1,142 16.2% 725 412 71,171 

2010 26,189 2.7% 159 2.3% 488 269 21,092 

2011 13,817 1.4% 86 1.2% 486 276 16,362 

2012 12,700 1.3% 90 1.3% 621 262 16,689 

2013 18,933 2.0% 147 2.1% 712 344 12,083 

2014 21,433 2.2% 104 1.5% 583 202 18,506 

2015 11,245 1.2% 73 1.0% 632 283 8,419 

2016 17,860 1.8% 113 1.6% 669 244 18,915 

2017 7,046 0.7% 45 0.6% 710 243 6,911 

2018 15,169 1.6% 229 3.2% 1,273 716 9,781 

2019 55,978 5.8% 223 3.2% 400 278 37,268 

2020 32,883 3.4% 273 3.9% 707 393 25,902 

2021 6,279 0.6% 41 0.6% 649 406 13,689 

2022 1,591 0.2% 1 0.0% 512 281 4,093 

Subtotal 927,766 95.7% $6,820 96.8% $672 $300 494,671

 Recently 41,521 4.3% 223 3.2% n/a n/a n/a Terminated Plans 

Total 969,287 100.0% $7,043 100.0% n/a n/a 494,671 

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%. 

2021 Data Tables Installment 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-22a 

PBGC Periodic Payees and Benefit Payments by 

Trusteed Plan Size (Fiscal Year 2021) 

Number of Average Median 

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

< 100 26,240 2.7% $125 2.0% $396 $201 

100 - 499 98,317 10.2% 398 6.3% $336 $202 

500 - 999 70,523 7.3% 316 5.0% $379 $223 

1,000 - 4,999 223,311 23.1% 1,083 17.2% $422 $240 

5,000 - 9,999 140,093 14.5% 990 15.7% $589 $297 

10,000 - 24,999 199,843 20.7% 1,587 25.2% $661 $315 

≥ 25,000 208,660 21.6% 1,801 28.6% $702 $499 

Total 966,987 100.0% $6,299 100.0% $543 $286 

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. 

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-22b 

PBGC Periodic Payees and Benefit Payments by

Trusteed Plan Size (Fiscal Year 2022) 

Number of Average Median 

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

< 100 24,760 2.6% $130 1.9% $402 $204 

100 - 499 92,256 9.5% 415 6.0% $341 $205 

500 - 999 68,141 7.1% 342 5.0% $389 $231 

1,000 - 4,999 211,335 21.9% 1,184 17.2% $422 $241 

5,000 - 9,999 131,193 13.6% 1,045 15.2% $594 $300 

10,000 - 24,999 190,752 19.7% 1,708 24.9% $673 $323 

≥ 25,000 247,936 25.7% 2,042 29.7% $633 $412 

Total 966,373 100.0% $6,866 100.0% $538 $290 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-23a 

PBGC Periodic Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2021) 

Total Male Female 

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

Younger than 60 23,470 2.4% $339 11,607 2.2% $380 11,863 2.7% $300 

60 - 64 69,828 7.2% $446 38,527 7.3% $509 31,301 7.2% $369 

65 - 69 186,082 19.2% $550 108,304 20.5% $631 77,778 17.8% $438 

70 - 74 228,598 23.6% $576 130,459 24.6% $668 98,139 22.4% $453 

75 - 79 186,773 19.3% $582 106,097 20.0% $702 80,676 18.4% $424 

80 - 84 132,289 13.7% $573 71,930 13.6% $761 60,359 13.8% $350 

85 and Older 139,947 14.5% $484 62,341 11.8% $738 77,606 17.7% $279 

Total 966,987 100.0% $543 529,265 100.0% $670 437,722 100.0% $390 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-23b 

PBGC Periodic Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2022) 

Total Male Female 

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

Younger than 60 24,156 2.5% $366 12,450 2.4% $418 11,706 2.6% $311 

60 - 64 67,238 7.0% $442 36,680 7.0% $502 30,558 6.9% $369 

65 - 69 179,909 18.6% $537 102,093 19.6% $626 77,816 17.5% $420 

70 - 74 218,710 22.6% $566 123,285 23.6% $655 95,425 21.5% $450 

75 - 79 199,872 20.7% $573 111,724 21.4% $687 88,148 19.8% $429 

80 - 84 137,342 14.2% $571 73,931 14.2% $748 63,411 14.3% $364 

85 and Older 139,146 14.4% $492 61,795 11.8% $744 77,351 17.4% $291 

Total 966,373 100.0% $538 521,958 100.0% $664 444,415 100.0% $391 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-24a 

PBGC Periodic Retired Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2021) 

Total Male Female 

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

Younger than 60 16,284 2.0% $361 10,132 2.0% $396 6,152 2.2% $303 

60 - 64 59,971 7.5% $466 37,691 7.3% $515 22,280 7.8% $383 

65 - 69 167,331 20.9% $572 106,754 20.6% $636 60,577 21.3% $458 

70 - 74 200,778 25.0% $604 128,287 24.8% $675 72,491 25.5% $480 

75 - 79 157,226 19.6% $623 103,922 20.1% $711 53,304 18.7% $452 

80 - 84 103,787 12.9% $641 70,241 13.6% $773 33,546 11.8% $364 

85 and Older 97,147 12.1% $573 60,741 11.7% $753 36,406 12.8% $274 

Total 802,524 100.0% $587 517,768 100.0% $679 284,756 100.0% $419 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-24b 

PBGC Periodic Retired Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2022) 

Total Male Female 

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

Younger than 60 17,330 2.2% $399 10,933 2.1% $439 6,397 2.2% $329 

60 - 64 58,355 7.3% $459 35,858 7.0% $508 22,497 7.6% $379 

65 - 69 161,429 20.1% $558 100,491 19.7% $632 60,938 20.7% $435 

70 - 74 192,160 23.9% $592 121,056 23.7% $662 71,104 24.1% $473 

75 - 79 169,135 21.0% $609 109,365 21.5% $695 59,770 20.3% $452 

80 - 84 108,760 13.5% $631 72,050 14.1% $761 36,710 12.5% $376 

85 and Older 97,255 12.1% $578 59,981 11.8% $761 37,274 12.6% $284 

Total 804,424 100.0% $578 509,734 100.0% $673 294,690 100.0% $414 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-25a 

PBGC Periodic Beneficiary Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2021) 

Total Male Female 

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

Younger than 60 7,186 4.4% $291 1,475 12.8% $269 5,711 3.7% $296 

60 - 64 9,857 6.0% $328 836 7.3% $243 9,021 5.9% $336 

65 - 69 18,751 11.4% $358 1,550 13.5% $264 17,201 11.2% $367 

70 - 74 27,820 16.9% $371 2,172 18.9% $291 25,648 16.8% $378 

75 - 79 29,547 18.0% $365 2,175 18.9% $289 27,372 17.9% $371 

80 - 84 28,502 17.3% $327 1,689 14.7% $248 26,813 17.5% $332 

85 and Older 42,800 26.0% $280 1,600 13.9% $199 41,200 26.9% $284 

Total 164,463 100.0% $331 11,497 100.0% $262 152,966 100.0% $336 

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. 

2021 Data Tables Installment 
 

 

 

 

 

 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-25b 

PBGC Periodic Beneficiary Payees and Average Benefit Payments by 

Age and Gender (Fiscal Year 2022) 

Total Male Female 

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

Younger than 60 6,826 4.2% $284 1,517 12.4% $268 5,309 3.5% $289 

60 - 64 8,883 5.5% $330 822 6.7% $235 8,061 5.4% $340 

65 - 69 18,480 11.4% $360 1,602 13.1% $263 16,878 11.3% $369 

70 - 74 26,550 16.4% $374 2,229 18.2% $280 24,321 16.2% $382 

75 - 79 30,737 19.0% $376 2,359 19.3% $289 28,378 19.0% $383 

80 - 84 28,582 17.6% $340 1,881 15.4% $245 26,701 17.8% $346 

85 and Older 41,891 25.9% $294 1,814 14.8% $200 40,077 26.8% $298 

Total 161,949 100.0% $340 12,224 100.0% $258 149,725 100.0% $346 

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. 

2021 Data Tables Installment 
Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-26a 

PBGC Periodic Payees and Benefit Payments by 

Monthly Payment Size (Fiscal Year 2021) 

Monthly Payment Periodic Payees ($ millions) 

Less than $50 42,823 4.4% $17 0.3% 

$50 - $99 118,817 12.3% 110 1.7% 

$100 - $149 114,128 11.8% 169 2.7% 

$150 - $199 91,036 9.4% 190 3.0% 

$200 - $249 75,151 7.8% 201 3.2% 

$250 - $299 55,846 5.8% 183 2.9% 

$300 - $349 50,021 5.2% 194 3.1% 

$350 - $399 37,753 3.9% 169 2.7% 

$400 - $449 35,599 3.7% 181 2.9% 

$450 - $499 27,932 2.9% 158 2.5% 

$500 - $549 26,006 2.7% 163 2.6% 

$550 - $599 21,125 2.2% 145 2.3% 

$600 - $749 52,135 5.4% 417 6.6% 

$750 - $999 60,697 6.3% 626 9.9% 

$1,000 - $1,499 82,876 8.6% 1,226 19.5% 

$1,500 - $1,999 39,646 4.1% 820 13.0% 

$2,000 - $2,499 14,900 1.5% 400 6.3% 

$2,500 or More 20,496 2.1% 930 14.8% 

Total 966,987 100.0% $6,299 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-26b 

PBGC Periodic Payees and Benefit Payments by 

Monthly Payment Size (Fiscal Year 2022) 

Monthly Payment Periodic Payees ($ millions) 

Less than $50 43,371 4.5% $19 0.3% 

$50 - $99 115,938 12.0% 116 1.7% 

$100 - $149 111,890 11.6% 181 2.6% 

$150 - $199 90,531 9.4% 206 3.0% 

$200 - $249 74,850 7.7% 220 3.2% 

$250 - $299 57,796 6.0% 206 3.0% 

$300 - $349 52,558 5.4% 221 3.2% 

$350 - $399 39,334 4.1% 191 2.8% 

$400 - $449 36,828 3.8% 203 3.0% 

$450 - $499 28,528 3.0% 176 2.6% 

$500 - $549 26,334 2.7% 180 2.6% 

$550 - $599 21,143 2.2% 158 2.3% 

$600 - $749 52,371 5.4% 458 6.7% 

$750 - $999 61,695 6.4% 701 10.2% 

$1,000 - $1,499 80,884 8.4% 1,325 19.3% 

$1,500 - $1,999 37,794 3.9% 864 12.6% 

$2,000 - $2,499 14,406 1.5% 426 6.2% 

$2,500 or More 20,122 2.1% 1,013 14.8% 

Total 966,373 100.0% $6,866 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Retiree Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-27a 

PBGC Periodic Retired Payees and Benefit Payments by

Monthly Payment Size (Fiscal Year 2021) 

Monthly Payment Periodic Retirees ($ millions) 

Less than $50 29,161 3.6% $12 0.2% 

$50 - $99 83,197 10.4% 77 1.4% 

$100 - $149 88,754 11.1% 133 2.4% 

$150 - $199 74,402 9.3% 156 2.8% 

$200 - $249 63,532 7.9% 171 3.0% 

$250 - $299 46,954 5.9% 155 2.7% 

$300 - $349 42,548 5.3% 166 2.9% 

$350 - $399 32,272 4.0% 145 2.6% 

$400 - $449 30,733 3.8% 157 2.8% 

$450 - $499 24,099 3.0% 137 2.4% 

$500 - $549 22,488 2.8% 141 2.5% 

$550 - $599 18,394 2.3% 126 2.2% 

$600 - $749 45,481 5.7% 364 6.4% 

$750 - $999 53,142 6.6% 548 9.7% 

$1,000 - $1,499 76,449 9.5% 1,136 20.1% 

$1,500 - $1,999 37,717 4.7% 782 13.8% 

$2,000 - $2,499 13,961 1.7% 375 6.6% 

$2,500 or More 19,240 2.4% 878 15.5% 

Total 802,524 100.0% $5,658 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Retiree Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-27b 

PBGC Periodic Retired Payees and Benefit Payments by

Monthly Payment Size (Fiscal Year 2022) 

Monthly Payment Periodic Retirees ($ millions) 

Less than $50 29,954 3.7% $13 0.2% 

$50 - $99 82,240 10.2% 82 1.3% 

$100 - $149 87,584 10.9% 143 2.3% 

$150 - $199 74,063 9.2% 170 2.8% 

$200 - $249 63,417 7.9% 187 3.0% 

$250 - $299 48,961 6.1% 175 2.8% 

$300 - $349 44,942 5.6% 189 3.1% 

$350 - $399 33,741 4.2% 164 2.7% 

$400 - $449 31,842 4.0% 176 2.9% 

$450 - $499 24,593 3.1% 152 2.5% 

$500 - $549 22,747 2.8% 156 2.5% 

$550 - $599 18,378 2.3% 138 2.2% 

$600 - $749 45,625 5.7% 400 6.5% 

$750 - $999 53,970 6.7% 614 10.0% 

$1,000 - $1,499 74,286 9.2% 1,224 19.9% 

$1,500 - $1,999 35,812 4.5% 821 13.3% 

$2,000 - $2,499 13,441 1.7% 398 6.5% 

$2,500 or More 18,828 2.3% 954 15.5% 

Total 804,424 100.0% $6,157 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Beneficiary Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-28a 

PBGC Periodic Beneficiary Payees and Benefit Payments by

Monthly Payment Size (Fiscal Year 2021) 

Monthly Payment Periodic Beneficiaries ($ millions) 

Less than $50 13,662 8.3% $5 0.8% 

$50 - $99 35,620 21.7% 33 5.1% 

$100 - $149 25,374 15.4% 36 5.6% 

$150 - $199 16,634 10.1% 33 5.2% 

$200 - $249 11,619 7.1% 30 4.7% 

$250 - $299 8,892 5.4% 29 4.4% 

$300 - $349 7,473 4.5% 29 4.5% 

$350 - $399 5,481 3.3% 24 3.8% 

$400 - $449 4,866 3.0% 24 3.8% 

$450 - $499 3,833 2.3% 22 3.4% 

$500 - $549 3,518 2.1% 22 3.4% 

$550 - $599 2,731 1.7% 19 2.9% 

$600 - $749 6,654 4.0% 53 8.2% 

$750 - $999 7,555 4.6% 77 12.1% 

$1,000 - $1,499 6,427 3.9% 90 14.0% 

$1,500 - $1,999 1,929 1.2% 39 6.0% 

$2,000 - $2,499 939 0.6% 25 3.8% 

$2,500 or More 1,256 0.8% 53 8.2% 

Total 164,463 100.0% $641 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Beneficiary Periodic Payments 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-28b 

PBGC Periodic Beneficiary Payees and Benefit Payments by

Monthly Payment Size (Fiscal Year 2022) 

Monthly Payment Periodic Beneficiaries ($ millions) 

Less than $50 13,417 8.3% $6 0.8% 

$50 - $99 33,698 20.8% 34 4.8% 

$100 - $149 24,306 15.0% 38 5.4% 

$150 - $199 16,468 10.2% 36 5.1% 

$200 - $249 11,433 7.1% 33 4.7% 

$250 - $299 8,835 5.5% 31 4.4% 

$300 - $349 7,616 4.7% 32 4.5% 

$350 - $399 5,593 3.5% 27 3.8% 

$400 - $449 4,986 3.1% 27 3.8% 

$450 - $499 3,935 2.4% 24 3.4% 

$500 - $549 3,587 2.2% 24 3.4% 

$550 - $599 2,765 1.7% 21 2.9% 

$600 - $749 6,746 4.2% 58 8.2% 

$750 - $999 7,725 4.8% 87 12.2% 

$1,000 - $1,499 6,598 4.1% 101 14.2% 

$1,500 - $1,999 1,982 1.2% 44 6.2% 

$2,000 - $2,499 965 0.6% 27 3.9% 

$2,500 or More 1,294 0.8% 59 8.4% 

Total 161,949 100.0% $709 100.0% 

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

Note: 

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

2021 Data Tables Installment 
Average Median 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-29a 

PBGC Periodic Payees and Benefit Payments by Industry (Fiscal Year 2021) 

Industry Periodic Payees Periodic Payments Benefit Benefit 

Payment1 Payment1 

AGRICULTURE, MINING, AND CONSTRUCTION 19,307 2.0% $104,524,181 1.7% $549 $276 

MANUFACTURING 570,577 59.0% 3,215,888,016 51.1% $525 $257 

Chemical and Allied Products 8,177 0.8% 44,420,094 0.7% $567 $256 

Computer and Electronic Products 14,980 1.5% 96,165,612 1.5% $635 $302 

Electrical Equipment 4,421 0.5% 15,943,583 0.3% $329 $200 

Fabricated Metal Products 52,271 5.4% 206,070,821 3.3% $395 $224 

Food and Tobacco Products 16,010 1.7% 52,000,850 0.8% $334 $172 

Machinery and Computer Equipment 36,483 3.8% 191,585,582 3.0% $549 $269 

Motor Vehicle Equipment 79,024 8.2% 768,187,037 12.2% $836 $562 

Paper Manufacturing 12,913 1.3% 85,468,095 1.4% $602 $341 

Petroleum and Coal Products 2,456 0.3% 7,973,584 0.1% $290 $171 

Primary Metals 183,516 19.0% 1,200,615,211 19.1% $578 $331 

Other Manufacturing 160,326 16.6% 547,457,548 8.7% $357 $163 

TRANSPORTATION AND PUBLIC UTILITIES 174,177 18.0% 1,775,738,496 28.2% $947 $500 

Air Transportation 163,467 16.9% 1,718,225,795 27.3% $977 $521 

Other Transportation 10,645 1.1% 57,260,086 0.9% $486 $240 

Public Utilities 65 * 252,616 * $384 $222 

INFORMATION 28,463 2.9% 280,108,599 4.4% $976 $495 

WHOLESALE TRADE 16,071 1.7% 74,455,521 1.2% $515 $242 

RETAIL TRADE 54,341 5.6% 183,938,070 2.9% $375 $179 

FINANCE, INSURANCE, AND REAL ESTATE 29,314 3.0% 220,637,399 3.5% $747 $370 

SERVICES 72,144 7.5% 424,945,087 6.7% $652 $299 

Health Care 45,853 4.7% 270,682,634 4.3% $634 $323 

Other Services 26,291 2.7% 154,262,453 2.4% $677 $250 

NON-PROFIT ORGANIZATIONS 2,593 0.3% 18,343,138 0.3% $721 $341 

TOTAL 966,987 100.0% $6,298,578,508 100.0% $543 $286 

* 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. Amounts are not adjusted to reflect annual, bi-annual, quarterly and/or 

monthly benefit 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. 

2021 Data Tables Installment 
Average Median 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-29b 

PBGC Periodic Payees and Benefit Payments by Industry (Fiscal Year 2022) 

Industry Periodic Payees Periodic Payments Benefit Benefit 

Payment1 Payment1 

AGRICULTURE, MINING, AND CONSTRUCTION 18,551 1.9% $108,518,689 1.6% $491 $278 

MANUFACTURING 525,042 54.3% 3,322,545,411 48.4% $516 $258 

Chemical and Allied Products 7,636 0.8% 45,611,393 0.7% $586 $260 

Computer and Electronic Products 14,175 1.5% 101,826,502 1.5% $590 $303 

Electrical Equipment 4,055 0.4% 16,191,616 0.2% $327 $199 

Fabricated Metal Products 48,206 5.0% 225,147,458 3.3% $386 $226 

Food and Tobacco Products 14,992 1.6% 55,815,266 0.8% $332 $174 

Machinery and Computer Equipment 33,436 3.5% 230,870,782 3.4% $563 $273 

Motor Vehicle Equipment 74,508 7.7% 792,919,701 11.5% $826 $554 

Paper Manufacturing 12,131 1.3% 89,305,707 1.3% $591 $346 

Petroleum and Coal Products 2,262 0.2% 8,089,951 0.1% $282 $176 

Primary Metals 165,365 17.1% 1,176,325,595 17.1% $559 $326 

Other Manufacturing 148,276 15.3% 580,441,439 8.5% $352 $165 

TRANSPORTATION AND PUBLIC UTILITIES 175,794 18.2% 1,935,955,915 28.2% $1,069 $536 

Air Transportation 165,920 17.2% 1,877,218,868 27.3% $1,102 $561 

Other Transportation 9,812 1.0% 58,397,496 0.9% $524 $243 

Public Utilities 62 * 339,551 * $1,277 $235 

INFORMATION 29,713 3.1% 324,576,071 4.7% $935 $478 

WHOLESALE TRADE 15,085 1.6% 79,106,991 1.2% $531 $246 

RETAIL TRADE 101,442 10.5% 375,033,135 5.5% $363 $216 

FINANCE, INSURANCE, AND REAL ESTATE 27,849 2.9% 231,244,481 3.4% $717 $372 

SERVICES 70,241 7.3% 468,334,458 6.8% $645 $301 

Health Care 45,520 4.7% 307,196,983 4.5% $643 $325 

Other Services 24,721 2.6% 161,137,475 2.3% $620 $250 

NON-PROFIT ORGANIZATIONS 2,656 0.3% 20,555,565 0.3% $910 $353 

TOTAL 966,373 100.0% $6,865,870,715 100.0% $538 $290 

* 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. Amounts are not adjusted to reflect annual, bi-annual, quarterly and/or 

monthly benefit 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. 

2021 Data Tables Installment 
 

-

Table S-30 

PBGC-Insured Plan Participants (1980-2022) 

PBGC SINGLE EMPLOYER PROGRAM 

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 

2022 22,265 15,653 1,980 3,126 

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 

950 

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 

249 

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 

204 103 

Source: PBGC Premium Filings 

Note: 

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

2021 Data Tables Installment 
 

-

Table S-31 

PBGC-Insured Plans (1980-2022) 

PBGC SINGLE EMPLOYER PROGRAM 

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 

2022 23,766 428 286 

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 

1,351 

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 

1,847 

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 

1,510 

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 

4,085 14,259 

Source: PBGC Premium Filings 

Note: 

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

2021 Data Tables Installment 
 

1985

1990

1995

2000

2005

2010

2015

2020

-

1980

PBGC SINGLE EMPLOYER PROGRAM 

Table S-32 

PBGC-Insured Plan Participants by Participant Status 

( -2020) 

Active Retired Separated Vested Plan Year Participants Participants Participants 

1980 77.6% 16.0% 6.4% 

72.2% 18.7% 9.1% 

68.1% 19.4% 12.6% 

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% 

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% 

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% 

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% 

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% 

34.0% 39.3% 26.7% 

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%. 

2021 Data Tables Installment 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-33 

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

Wage and Salary Workers (1980-2020) 

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% 

1990 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% 

1995 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% 

2000 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% 

2005 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% 

2010 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% 

2015 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% 

2020 119,434 6.7% 3.3% 10.0% 

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 the Current 

Population Survey's Labor Force Statistics (Bureau of Labor Statistics, U.S. Department of Labor). 

Note: 

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

2021 Data Tables Installment 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-34 

PBGC-Insured Hybrid Plans by Plan Size (2001-2020) 

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% 

2020 23,198 9,232 39.8% 795 353 44.4% 1,511 358 23.7% 20,892 8,521 40.8% 

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. 

2021 Data Tables Installment 
 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-35 

PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2020) 

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% 

2020 23,482 10,399 44.3% 18,320 9,179 50.1% 3,484 917 26.3% 1,679 303 18.0% 

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%. 

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-36 

PBGC-Insured Plans by Status of Benefit Accruals and 

Participation Freeze (2008-2020) 

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 

2020 5,533 1,017 575 222 7,347 15,851 23,198 

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% 

2020 23.9% 4.4% 2.5% 1.0% 31.7% 68.3% 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 

Note: 

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

2021 Data Tables Installment 
 

 

 

 

 

 

 

- - -

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 (2008-2020) 

Complete or Partial Accrual Freeze No Accrual Freeze 

Beginning of Total Active Accruals Partially Accruals Partially Sub Total Plan Closed Sub Total Plan 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 

2020 1,743 796 789 3,328 878 3,784 4,662 7,990 

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% 

2020 21.8% 10.0% 9.9% 41.7% 11.0% 47.4% 58.3% 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 

Note: 

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

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-38a 

PBGC-Insured Plans, Participants and Premiums by Industry (2020) 

Number of Insured Participants Premiums 1 

Industry Insured Plans (thousands) ($ millions) 

AGRICULTURE, MINING, AND CONSTRUCTION 2,769 11.9% 393 1.7% $114 2.0% 

MANUFACTURING 3,862 16.6% 9,464 40.3% 2,521 44.7% 

Chemical and Allied Products 378 1.6% 1,183 5.0% 354 6.3% 

Computer and Electronic Products 160 0.7% 642 2.7% 200 3.5% 

Electrical Equipment 198 0.9% 808 3.4% 382 6.8% 

Fabricated Metal Products 573 2.5% 301 1.3% 77 1.4% 

Food, Beverage and Tobacco Products 385 1.7% 894 3.8% 144 2.5% 

Machinery Manufacturing 361 1.6% 647 2.8% 158 2.8% 

Motor Vehicle Equipment 142 0.6% 1,231 5.2% 261 4.6% 

Paper Manufacturing 107 0.5% 278 1.2% 51 0.9% 

Petroleum and Coal Products 80 0.3% 413 1.8% 61 1.1% 

Primary Metals 224 1.0% 281 1.2% 121 2.1% 

Other Manufacturing 1,254 5.4% 2,786 11.9% 712 12.6% 

TRANSPORTATION AND PUBLIC UTILITIES 794 3.4% 2,209 9.4% 781 13.8% 

Air Transportation 52 0.2% 543 2.3% 331 5.9% 

Other Transportation 454 2.0% 742 3.2% 186 3.3% 

Public Utilities 288 1.2% 924 3.9% 264 4.7% 

INFORMATION 581 2.5% 1,477 6.3% 319 5.7% 

WHOLESALE TRADE 1,856 8.0% 518 2.2% 106 1.9% 

RETAIL TRADE 1,165 5.0% 728 3.1% 126 2.2% 

FINANCE, INSURANCE, AND REAL ESTATE 4,137 17.8% 3,492 14.9% 434 7.7% 

SERVICES 7,533 32.5% 5,085 21.7% 1,201 21.3% 

Health Care 1,788 7.7% 2,607 11.1% 626 11.1% 

Other Services 5,745 24.8% 2,478 10.6% 575 10.2% 

NON-PROFIT ORGANIZATIONS 501 2.2% 116 0.5% 42 0.7% 

TOTAL 23,198 100.0% 23,482 100.0% $5,644 100.0% 

1 Beginning in 2016 Data Tables, this figure excludes termination premium revenues, bad debt, and interest/penalties. 

Sources: PBGC Premium Filings and Annual Report 

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. 

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-38b 

PBGC-Insured Plans, Participants and Premiums by Industry (2021) 

Number of Insured Participants Premiums 1 

Industry Insured Plans (thousands) ($ millions) 

AGRICULTURE, MINING, AND CONSTRUCTION 2,885 12.1% 368 1.6% $79 1.8% 

MANUFACTURING 3,828 16.0% 8,800 38.8% 1,912 42.9% 

Chemical and Allied Products 377 1.6% 1,116 4.9% 262 5.9% 

Computer and Electronic Products 158 0.7% 560 2.5% 163 3.7% 

Electrical Equipment 202 0.8% 685 3.0% 237 5.3% 

Fabricated Metal Products 559 2.3% 287 1.3% 54 1.2% 

Food, Beverage and Tobacco Products 380 1.6% 854 3.8% 125 2.8% 

Machinery Manufacturing 354 1.5% 576 2.5% 117 2.6% 

Motor Vehicle Equipment 147 0.6% 1,180 5.2% 228 5.1% 

Paper Manufacturing 101 0.4% 265 1.2% 43 1.0% 

Petroleum and Coal Products 85 0.4% 401 1.8% 69 1.5% 

Primary Metals 221 0.9% 257 1.1% 78 1.8% 

Other Manufacturing 1,244 5.2% 2,619 11.5% 536 12.0% 

TRANSPORTATION AND PUBLIC UTILITIES 828 3.5% 2,310 10.2% 636 14.3% 

Air Transportation 54 0.2% 542 2.4% 258 5.8% 

Other Transportation 482 2.0% 757 3.3% 186 4.2% 

Public Utilities 292 1.2% 1,011 4.5% 192 4.3% 

INFORMATION 587 2.5% 1,417 6.2% 274 6.1% 

WHOLESALE TRADE 1,905 8.0% 524 2.3% 90 2.0% 

RETAIL TRADE 1,279 5.3% 656 2.9% 87 2.0% 

FINANCE, INSURANCE, AND REAL ESTATE 4,306 18.0% 3,465 15.3% 404 9.1% 

SERVICES 7,801 32.6% 5,004 22.1% 942 21.1% 

Health Care 1,778 7.4% 2,579 11.4% 524 11.8% 

Other Services 6,023 25.2% 2,425 10.7% 418 9.4% 

NON-PROFIT ORGANIZATIONS 489 2.0% 135 0.6% 34 0.8% 

TOTAL 23,908 100.0% 22,679 100.0% $4,457 100.0% 

1 Beginning in 2016 Data Tables, this figure excludes termination premium revenues, bad debt, and interest/penalties. 

Sources: PBGC Premium Filings and Annual Report 

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. 

2021 Data Tables Installment 
 

 

 

 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-39 

PBGC's Historical Premium Rates (1974-2024) 

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 

2024 $101.00 $52.00 $686 $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. 

2021 Data Tables Installment 
1995

2000

2005

2010

2015

2020

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-40 

PBGC Premium Revenue (1980-2022) 

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 

$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 

$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 

$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 

$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 

$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 

$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 

2022 $1,821 39.7% $2,762 60.2% $3 0.1% $4,586 

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 

Note: 

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

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-41a 

PBGC Premium Revenue by Plan Size and Premium Type (2020) 

Number of Plan Flat-Rate Premium Variable-Rate Premium Total Premium 1 

Participants ($ millions) ($ millions) ($ millions) 

< 100 

100 - 499 

500 - 999 

1,000 - 2,499 

2,500 - 4,999 

5,000 - 9,999 

≥ 10,000

$26 1.4% 

56 3.0% 

53 2.8% 

120 6.4% 

155 8.3% 

184 9.8% 

1,279 68.3% 

$43 1.1% 

177 4.7% 

160 4.2% 

339 9.0% 

344 9.1% 

416 11.0% 

2,291 60.8% 

$69 1.2% 

234 4.1% 

213 3.8% 

460 8.1% 

499 8.8% 

599 10.6% 

3,570 63.2% 

Total $1,874 100.0% $3,770 100.0% $5,644 100.0% 

Percent of Total 2 33.2% 66.8% 100.0% 

1

 Excludes termination premium revenues, bad debt, and interest/penalties. 

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 

Note: 

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

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-41b 

PBGC Premium Revenue by Plan Size and Premium Type (2021) 

Number of Plan Flat-Rate Premium Variable-Rate Premium Total Premium 1 

Participants ($ millions) ($ millions) ($ millions) 

< 100 

100 - 499 

500 - 999 

1,000 - 2,499 

2,500 - 4,999 

5,000 - 9,999 

≥ 10,000

$27 1.5% 

54 3.0% 

51 2.8% 

118 6.5% 

149 8.1% 

170 9.3% 

1,260 68.9% 

$36 1.4% 

129 4.9% 

115 4.4% 

246 9.4% 

244 9.3% 

279 10.6% 

1,578 60.1% 

$63 1.4% 

183 4.1% 

166 3.7% 

364 8.2% 

393 8.8% 

449 10.1% 

2,839 63.7% 

Total $1,829 100.0% $2,628 100.0% $4,457 100.0% 

Percent of Total 2 41.0% 59.0% 100.0% 

1

 Excludes termination premium revenues, bad debt, and interest/penalties. 

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 

Note: 

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

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-42a 

PBGC-Insured Plans and Participants by Total Premium Paid (2020) 

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 $561 

13,891 --- 59.9% 

9,307 100.0% 40.1% 

3,940 42.3% 17.0% 

1,140 12.2% 4.9% 

875 9.4% 3.8% 

543 5.8% 2.3% 

448 4.8% 1.9% 

461 5.0% 2.0% 

1,900 20.4% 8.2% 

14,858 --- 63.3% 

8,624 100.0% 36.7% 

494 5.7% 2.1% 

617 7.2% 2.6% 

1,224 14.2% 5.2% 

640 7.4% 2.7% 

877 10.2% 3.7% 

779 9.0% 3.3% 

3,993 46.3% 17.0% 

Total 23,198 --- 100.0% 23,482 --- 100.0% 

Source: PBGC Premium Filings 

Note: 

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

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-42b 

PBGC-Insured Plans and Participants by Total Premium Paid (2021) 

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 $582 

14,153 --- 59.2% 

9,755 100.0% 40.8% 

4,364 44.7% 18.3% 

1,322 13.6% 5.5% 

943 9.7% 3.9% 

530 5.4% 2.2% 

401 4.1% 1.7% 

487 5.0% 2.0% 

1,708 17.5% 7.1% 

15,047 --- 66.3% 

7,632 100.0% 33.7% 

498 6.5% 2.2% 

788 10.3% 3.5% 

1,018 13.3% 4.5% 

1,006 13.2% 4.4% 

762 10.0% 3.4% 

563 7.4% 2.5% 

2,997 39.3% 13.2% 

Total 23,908 --- 100.0% 22,679 --- 100.0% 

Source: PBGC Premium Filings 

Note: 

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

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-43 

PBGC-Insured Plans and Participants by Variable-Rate 

Premium Status (1992-2021)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% 

2020 40.1% 36.7% 2.03% 3.06% 3.59% 

2021 40.8% 33.7% 0.51% 2.26% 3.01% 

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 

2021 Data Tables Installment 
 

1990

1995

2000

2005

2010

2015

2020

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-44 

Aggregate Funding of PBGC-Insured Plans (1980-2020) 

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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$2,574,667 $3,126,837 82% $583,076 $30,907 2.00% 

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. 

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. 

2021 Data Tables Installment 
 

 

1990

1995

2000

2005

2010

2015

2020

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-45 

Aggregate Funding of Underfunded PBGC-Insured Plans 

(1980-2020) 

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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$2,275,638 $2,858,715 $583,076 80% 2.00% 

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. 

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. 

2021 Data Tables Installment 
 

 

1990

1995

2000

2005

2010

2015

2020

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-46 

Aggregate Funding of Overfunded PBGC-Insured Plans 

(1980-2020) 

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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$299,029 $268,122 $30,907 112% 2.00% 

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. 

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. 

2021 Data Tables Installment 
 

 

1990

1995

2000

2005

2010

2015

2020

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-47 

Concentration of Underfunding in PBGC-Insured Plans 

(1990-2020) 

Total 10 Plans With the Next 40 Plans' All Other Plans' Beginning Underfunding 1 Highest Underfunding Underfunding Underfunding of Year 

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

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$583,076 $100,777 17.3% $110,078 18.9% $372,222 63.8% 

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. 

2021 Data Tables Installment 
Funding Ratio Plans Participants 

(thousands) 

Liabilities 1 

($ millions) 

Total Underfunding 

($ millions) 

Total Overfunding 

($ millions) 

PBGC SINGLE EMPLOYER PROGRAM 

Table S-48 

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2020) 

-

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

--- ---

Less than 40% 

40% - 49% 

50% - 59% 

60% - 69% 

70% - 79% 

80% - 89% 

90% - 99% 

100% - 109% 

110% - 119% 

120% - 129% 

130% - 139% 

140% - 149% 

150% or More 

Total 

Underfunded 

Overfunded 

139 0.6% 

497 2.1% 

2,899 12.5% 

6,056 26.1% 

4,969 21.4% 

3,178 13.7% 

1,661 7.2% 

2,179 9.4% 

386 1.7% 

232 1.0% 

148 0.6% 

120 0.5% 

734 3.2% 

23,198 100.0% 

19,399 83.6% 

3,799 16.4% 

15 0.1% 

72 0.3% 

730 3.1% 

3,072 13.1% 

7,127 30.4% 

6,207 26.4% 

4,018 17.1% 

1,628 6.9% 

276 1.2% 

78 0.3% 

54 0.2% 

135 0.6% 

70 0.3% 

23,482 100.0% 

21,241 90.5% 

2,241 9.5% 

$1,560 0.0% 

6,353 0.2% 

94,902 3.0% 

412,619 13.2% 

980,321 31.4% 

795,773 25.4% 

567,187 18.1% 

200,225 6.4% 

35,300 1.1% 

8,496 0.3% 

9,545 0.3% 

7,333 0.2% 

7,224 0.2% 

$3,126,837 100.0% 

$2,858,715 91.4% 

$268,122 8.6% 

$1,049 0.2% 

3,382 0.6% 

41,321 7.1% 

141,507 24.3% 

243,643 41.8% 

119,661 20.5% 

32,513 5.6% 

$583,076 100.0% 

$583,076 100.0% 

$11,036 35.7% 

5,300 17.1% 

1,958 6.3% 

3,102 10.0% 

3,538 11.4% 

5,973 19.3% 

$30,907 100.0% 

$30,907 100.0% 

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 

Note: 

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

2021 Data Tables Installment 
-

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-49 

Various Measures of Underfunding in 

PBGC-Insured Plans (1992-2021) 

(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 $583.08 $206.05 $176.19 $638.43 

2021 --- $147.81 $105.38 ---

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. 

Sources: Form 5500 filings and PBGC Annual Report 

Note: 

- 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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-50 

Funding of PBGC-Insured Plans by Industry (2020) 

Industry Liabilities 1 Total Underfunding Total Overfunding Industry Funding Ratio ($ millions) ($ millions) ($ millions) 

AGRICULTURE, MINING, AND CONSTRUCTION 76.7% $41,095 1.3% $9,792 1.7% $205 0.7% 

MANUFACTURING 82.0% 1,361,807 43.6% 252,942 43.4% 7,857 25.4% 

Chemical and Allied Products 80.8% 197,059 6.3% 38,760 6.6% 942 3.0% 

Computer and Electronic Products 86.7% 81,866 2.6% 14,349 2.5% 3,434 11.1% 

Electrical Equipment 74.6% 133,569 4.3% 34,048 5.8% 146 0.5% 

Fabricated Metal Products 79.7% 28,067 0.9% 5,797 1.0% 106 0.3% 

Food and Tobacco Products 86.6% 108,041 3.5% 14,855 2.5% 348 1.1% 

Machinery Manufacturing 87.1% 69,571 2.2% 10,564 1.8% 1,599 5.2% 

Motor Vehicle Equipment 85.7% 177,223 5.7% 25,654 4.4% 399 1.3% 

Paper Manufacturing 81.4% 28,353 0.9% 5,314 0.9% 38 0.1% 

Petroleum and Coal Products 82.6% 80,934 2.6% 14,128 2.4% 35 0.1% 

Primary Metals 74.7% 32,309 1.0% 8,184 1.4% 24 0.1% 

Other Manufacturing 81.1% 424,816 13.6% 81,288 13.9% 787 2.5% 

TRANSPORTATION AND PUBLIC UTILITIES 78.1% 374,078 12.0% 83,368 14.3% 1,283 4.1% 

Air Transportation 69.0% 90,271 2.9% 27,999 4.8% 1 0.0% 

Other Transportation 79.8% 41,991 1.3% 8,949 1.5% 462 1.5% 

Public Utilities 81.1% 241,817 7.7% 46,419 8.0% 820 2.7% 

INFORMATION 78.7% 183,494 5.9% 39,197 6.7% 67 0.2% 

WHOLESALE TRADE 81.4% 52,618 1.7% 10,223 1.8% 416 1.3% 

RETAIL TRADE 81.1% 39,143 1.3% 7,424 1.3% 29 0.1% 

FINANCE, INSURANCE AND REAL ESTATE 91.9% 432,460 13.8% 48,368 8.3% 13,127 42.5% 

SERVICES 80.8% 616,926 19.7% 125,757 21.6% 7,595 24.6% 

Health Care 78.1% 253,886 8.1% 58,314 10.0% 2,592 8.4% 

Other Services 82.8% 363,040 11.6% 67,444 11.6% 5,003 16.2% 

NON-PROFIT ORGANIZATIONS 77.5% 25,214 0.8% 6,005 1.0% 328 1.1% 

TOTAL 82.3% $3,126,837 100.0% $583,076 100.0% $30,907 100.0% 

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. 

Source: 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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-51 

Pension Funding Data for PBGC-Insured Plans by Region and State (2020) 

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 $32,693 $30,140 $2,552 $162,780 $204,176 $41,396 $195,473 $234,316 

Connecticut 1,442 1,369 73 47,806 61,016 13,210 49,248 62,384 

Maine 201 152 48 4,208 5,993 1,785 4,409 6,146 

Massachusetts 5,490 5,117 373 96,671 119,504 22,833 102,160 124,621 

New Hampshire 117 108 9 2,881 4,145 1,265 2,998 4,253 

Rhode Island 25,328 23,287 2,041 9,877 11,909 2,032 35,205 35,196 

Vermont 116 108 8 1,337 1,608 271 1,452 1,716 

MID-ATLANTIC $79,662 $70,210 $9,453 $736,226 $926,069 $189,843 $815,888 $996,279 

Delaware 13 9 4 20,665 26,940 6,274 20,678 26,949 

District of Columbia 51 48 3 15,060 18,908 3,847 15,111 18,956 

Maryland 746 599 147 46,698 69,081 22,383 47,444 69,680 

New Jersey 44,474 39,804 4,669 195,672 230,855 35,182 240,146 270,659 

New York 15,080 14,050 1,030 253,251 311,557 58,306 268,331 325,607 

Pennsylvania 11,191 10,473 718 97,579 126,313 28,734 108,769 136,786 

Virginia 7,899 5,030 2,869 105,837 140,279 34,442 113,736 145,310 

West Virginia 209 196 14 1,464 2,137 673 1,673 2,333 

SOUTHEAST $32,478 $26,346 $6,132 $290,172 $370,993 $80,820 $322,651 $397,339 

Alabama 224 174 51 7,764 9,470 1,706 7,988 9,644 

Arkansas 56 42 15 1,619 2,184 565 1,676 2,226 

Florida 5,411 4,553 858 27,626 36,046 8,421 33,037 40,599 

Georgia 3,250 2,930 321 121,088 154,253 33,165 124,338 157,182 

Kentucky 367 301 66 9,186 11,430 2,245 9,553 11,732 

Louisiana 964 862 102 8,491 12,043 3,552 9,455 12,905 

Mississippi 1,432 1,200 232 1,697 2,225 527 3,129 3,425 

North Carolina 17,833 13,772 4,061 44,395 54,930 10,534 62,228 68,701 

South Carolina 1,518 1,431 86 9,911 13,533 3,622 11,429 14,965 

Tennessee 1,423 1,082 341 58,395 74,879 16,484 59,818 75,961 

GREAT LAKES $81,357 $76,222 $5,134 $610,229 $752,027 $141,798 $691,586 $828,250 

Illinois 58,973 55,896 3,077 183,414 232,926 49,512 242,387 288,822 

Indiana 3,637 3,427 209 25,790 31,527 5,738 29,426 34,954 

Michigan 3,213 2,852 361 183,117 220,808 37,691 186,330 223,660 

Minnesota 5,489 4,908 581 96,956 114,539 17,583 102,445 119,446 

Ohio 2,140 1,897 243 88,128 112,742 24,614 90,268 114,639 

Wisconsin 7,906 7,243 662 32,825 39,485 6,660 40,730 46,728 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-51 

Pension Funding Data for PBGC-Insured Plans by Region and State (2020) 

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 $11,181 $10,211 $970 $59,264 $77,057 $17,793 $70,445 $87,268 

Iowa 172 154 18 11,125 13,707 2,582 11,297 13,861 

Kansas 1,753 1,459 294 6,481 8,724 2,242 8,234 10,182 

Missouri 4,633 4,378 255 30,801 40,638 9,838 35,434 45,016 

Nebraska 4,561 4,174 387 8,342 10,673 2,331 12,903 14,847 

North Dakota 44 35 9 1,060 1,356 296 1,104 1,391 

South Dakota 18 10 8 1,455 1,960 505 1,473 1,970 

SOUTHWEST $23,146 $20,242 $2,904 $224,023 $286,097 $62,074 $247,170 $306,339 

Arizona 211 183 29 11,494 14,667 3,173 11,706 14,850 

New Mexico 180 160 20 13,207 17,007 3,800 13,387 17,167 

Oklahoma 63 54 8 5,093 6,625 1,532 5,155 6,679 

Texas 22,693 19,845 2,848 194,230 247,798 53,568 216,922 267,643 

ROCKY MOUNTAIN $349 $292 $57 $28,537 $35,421 $6,884 $28,887 $35,714 

Colorado 130 107 24 8,643 11,040 2,397 8,774 11,147 

Idaho 96 79 16 4,403 6,064 1,662 4,498 6,144 

Montana 0 0 0 174 251 77 174 251 

Nevada 9 7 3 2,846 3,662 816 2,855 3,668 

Utah 94 87 7 12,330 14,219 1,889 12,423 14,306 

Wyoming 20 13 8 142 185 42 162 197 

PACIFIC $38,136 $34,435 $3,701 $158,085 $198,273 $40,188 $196,221 $232,708 

Alaska 248 215 33 393 579 187 641 794 

California 34,026 30,901 3,125 129,118 161,044 31,926 163,144 191,945 

Hawaii 139 129 10 5,073 6,420 1,347 5,212 6,549 

Oregon 93 66 27 11,317 14,358 3,041 11,410 14,425 

Washington 3,631 3,124 506 12,184 15,871 3,687 15,814 18,995 

PUERTO RICO --- --- --- $2,443 $3,365 $922 $2,443 $3,365 

OTHER U.S. TERRITORIES $1 $1 $0 $75 $88 $13 $76 $89 

FOREIGN COUNTRIES $25 $23 $2 $3,803 $5,148 $1,345 $3,828 $5,171 

TOTAL $299,029 $268,122 $30,907 $2,275,638 $2,858,715 $583,076 $2,574,667 $3,126,837 

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. 

2021 Data Tables Installment 
 

-

Table S-52a 

PBGC Pension Data by Region and State (2021)1 

PBGC SINGLE EMPLOYER PROGRAM 

Claims 1975-2021 2021 Coverage 

Region / State 

Plans Claims Plans Participants Payees 

2021 Benefits Paid 2 

Average Monthly Payments Pension3 

NEW ENGLAND 532 $1,589,583,106 1,379 2,186,913 42,218 $261,707,750 $507 

Connecticut 

Maine 

Massachusetts 

New Hampshire 

Rhode Island 

Vermont 

161 365,490,539 

21 130,037,238 

259 891,724,805 

33 72,644,698 

48 115,204,481 

10 14,481,345 

492 1,040,229 

59 63,546 

613 677,288 

85 33,780 

83 360,060 

47 12,010 

9,546 

3,798 

18,675 

5,761 

2,422 

2,016 

51,952,918 $452 

25,916,723 $548 

121,922,426 $536 

36,882,269 $516 

14,752,021 $495 

10,281,393 $410 

MID-ATLANTIC 1,639 $16,559,848,533 6,620 6,667,462 222,972 $1,408,780,272 $521 

Delaware 

District of Columbia 

Maryland 

New Jersey 

New York 

Pennsylvania 

Virginia 

West Virginia 

20 53,472,905 

69 186,511,237 

85 192,399,409 

285 1,865,067,213 

582 3,976,374,188 

464 6,312,520,727 

77 3,061,139,085 

57 912,363,768 

73 129,097 

181 113,822 

458 314,394 

1,227 1,926,618 

3,045 1,991,479 

1,087 1,332,670 

462 838,414 

87 20,968 

2,979 

573 

15,961 

25,980 

56,000 

82,147 

23,848 

15,484 

20,522,637 $580 

4,561,348 $637 

125,554,894 $638 

174,229,141 $559 

366,870,625 $553 

493,477,119 $492 

127,038,354 $430 

96,526,154 $511 

SOUTHEAST 533 $6,358,357,586 3,237 3,295,237 256,229 $1,502,760,083 $479 

Alabama 

Arkansas 

Florida 

Georgia 

Kentucky 

Louisiana 

Mississippi 

North Carolina 

South Carolina 

Tennessee 

40 228,065,590 

25 46,214,202 

127 1,136,576,181 

90 2,517,476,899 

35 121,056,670 

30 99,142,705 

15 78,773,730 

65 645,675,758 

28 174,251,082 

78 1,311,124,768 

186 79,500 

80 16,681 

1,076 362,503 

544 1,218,994 

221 113,110 

136 162,971 

79 25,378 

456 674,605 

174 107,141 

285 534,354 

22,828 

5,500 

68,282 

34,459 

11,654 

7,126 

9,252 

48,391 

23,416 

25,321 

118,159,101 $416 

23,261,866 $421 

507,985,404 $604 

216,953,833 $509 

52,385,119 $374 

36,347,470 $435 

47,771,892 $422 

253,955,215 $428 

117,360,802 $408 

128,579,381 $414 

GREAT LAKES 1,481 $24,328,386,220 4,231 6,036,290 256,375 $1,798,395,312 $575 

Illinois 

Indiana 

Michigan 

Minnesota 

Ohio 

Wisconsin 

352 10,513,714,746 

140 1,584,870,261 

397 6,246,586,740 

48 211,381,021 

436 4,915,061,062 

108 856,772,389 

1,177 1,804,480 

342 269,529 

679 1,395,002 

420 987,963 

1,244 1,150,994 

369 428,322 

46,371 

38,000 

54,793 

10,425 

86,314 

20,472 

323,089,731 $567 

304,499,302 $645 

405,085,642 $593 

67,165,689 $520 

560,997,057 $523 

137,557,891 $664 

MIDWEST 190 $1,266,881,147 730 683,174 34,489 $199,018,289 $472 

Iowa 

Kansas 

Missouri 

Nebraska 

North Dakota 

South Dakota 

63 147,940,606 

17 400,809,157 

98 706,103,548 

10 11,655,894 

1 119,183 

1 252,760 

167 115,513 

94 99,907 

307 350,112 

94 98,113 

42 7,826 

26 11,703 

6,064 

6,870 

18,360 

2,030 

290 

875 

19,830,666 $277 

55,713,404 $664 

104,607,369 $463 

11,697,768 $475 

1,307,585 $399 

5,861,497 $554 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-52a 

PBGC Pension Data by Region and State (2021)1 

Claims 1975-2021 2021 Coverage 2021 Benefits Paid 2 

Region / State Average Monthly Plans Claims Plans Participants Payees Payments Pension3 

SOUTHWEST 227 $1,958,788,329 1,773 1,807,802 50,500 $350,493,724 $567 

Arizona 37 78,046,899 373 110,253 13,338 109,150,666 $663 

New Mexico 9 25,958,359 70 31,371 2,441 15,167,399 $496 

Oklahoma 26 53,586,439 106 54,293 4,974 26,914,485 $438 

Texas 155 1,801,196,633 1,224 1,611,885 29,747 199,261,174 $551 

ROCKY MOUNTAIN 65 $317,607,551 766 298,511 26,025 $250,051,717 $780 

Colorado 23 217,468,947 324 97,125 12,981 137,631,613 $871 

Idaho 8 12,748,590 69 64,039 2,744 19,774,064 $586 

Montana 5 2,934,400 34 5,968 949 8,645,264 $713 

Nevada 13 3,069,507 161 20,301 5,703 51,479,304 $716 

Utah 14 80,272,993 151 109,687 3,136 27,923,113 $717 

Wyoming 2 1,113,114 27 1,391 512 4,598,359 $734 

PACIFIC 380 $2,517,686,713 5,118 1,645,861 77,167 $656,824,055 $686 

Alaska 4 50,534,606 32 3,110 800 5,174,450 $540 

California 286 1,887,128,381 4,415 1,351,700 52,578 441,895,820 $673 

Hawaii 28 152,439,823 146 45,613 5,282 49,315,753 $756 

Oregon 26 90,908,784 219 119,413 6,129 45,548,889 $610 

Washington 36 336,675,119 306 126,025 12,378 114,889,143 $758 

PUERTO RICO 

OTHER U.S. TERRITORIES 

FOREIGN COUNTRIES 

15 $24,649,445 

--- ---

6 $4,642,862 

8 24,092 

13 1,257 

33 32,542 

3,221 $10,942,299 $258 

150 $445,988 $246 

44 $252,301 $471 

TOTAL 5,068 $54,926,431,493 23,908 22,679,141 969,390 $6,439,671,790 $543 

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

 Mean monthly pension amounts are determined using reported benefit payment amounts and include one-time payments. Amounts are not adjusted to reflect annual, bi-annual, quarterly 

and/or monthly benefit 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. 

2021 Data Tables Installment 
 

-

Table S-52b 

PBGC Pension Data by Region and State (2022)1 

PBGC SINGLE EMPLOYER PROGRAM 

Claims 1975-2022 2022 Coverage 

Region / State 

Plans Claims Plans Participants Payees 

2022 Benefits Paid 2 

Average Monthly Payments Pension3 

NEW ENGLAND 532 $1,597,744,201 1,345 2,067,799 40,878 $278,316,733 $503 

Connecticut 

Maine 

Massachusetts 

New Hampshire 

Rhode Island 

Vermont 

161 372,609,623 

21 130,037,237 

259 892,863,765 

33 72,547,751 

48 115,204,479 

10 14,481,345 

471 775,414 

59 61,966 

599 834,634 

91 32,672 

80 351,588 

45 11,525 

9,196 

3,736 

17,945 

5,689 

2,354 

1,958 

55,716,831 453 

27,410,533 542 

129,643,498 530 

39,019,286 511 

15,633,457 493 

10,893,128 410 

MID-ATLANTIC 1,651 $16,593,813,018 6,511 6,681,276 217,609 $1,521,963,898 $520 

Delaware 

District of Columbia 

Maryland 

New Jersey 

New York 

Pennsylvania 

Virginia 

West Virginia 

20 53,535,623 

69 185,968,421 

85 190,461,003 

286 1,862,054,762 

588 3,996,327,120 

468 6,331,890,362 

77 3,060,745,757 

58 912,829,971 

78 130,923 

174 110,483 

451 350,378 

1,219 1,884,740 

2,965 1,974,012 

1,073 1,294,192 

467 916,108 

84 20,440 

3,177 

598 

15,694 

25,405 

54,294 

79,960 

24,011 

14,470 

24,276,955 576 

4,988,772 649 

130,631,943 628 

189,657,674 555 

407,941,335 554 

523,952,696 488 

141,116,989 435 

99,397,534 507 

SOUTHEAST 536 $6,476,935,311 3,302 3,215,426 256,801 $1,657,807,973 $481 

Alabama 

Arkansas 

Florida 

Georgia 

Kentucky 

Louisiana 

Mississippi 

North Carolina 

South Carolina 

Tennessee 

40 227,532,125 

26 61,199,801 

128 1,258,978,450 

90 2,517,287,404 

36 121,738,887 

30 98,929,332 

15 78,773,730 

65 643,506,733 

28 173,990,575 

78 1,294,998,274 

193 72,940 

79 15,369 

1,103 350,529 

559 1,228,497 

224 113,000 

133 158,909 

79 25,831 

445 626,740 

177 105,273 

310 518,338 

21,625 

5,684 

69,830 

34,211 

11,547 

7,108 

9,197 

49,604 

23,091 

24,904 

122,562,389 414 

32,376,887 430 

555,530,693 594 

236,206,075 514 

58,212,995 374 

41,008,549 430 

51,646,602 414 

290,542,458 439 

130,130,728 417 

139,590,597 418 

GREAT LAKES 1,492 $24,403,108,818 4,156 5,875,444 254,071 $1,937,985,333 $568 

Illinois 

Indiana 

Michigan 

Minnesota 

Ohio 

Wisconsin 

355 10,518,616,646 

140 1,584,607,896 

403 6,287,819,535 

48 226,465,521 

438 4,926,263,230 

108 859,335,990 

1,179 1,786,911 

325 264,194 

659 1,349,566 

409 977,132 

1,227 1,111,184 

357 386,457 

47,969 

37,454 

54,628 

10,597 

82,924 

20,499 

357,240,559 558 

317,949,120 630 

430,429,285 584 

71,838,264 508 

579,150,830 520 

181,377,275 653 

MIDWEST 190 $1,266,403,966 728 750,404 34,658 $216,957,612 $464 

Iowa 

Kansas 

Missouri 

Nebraska 

North Dakota 

South Dakota 

63 147,940,603 

17 400,742,929 

98 705,692,598 

10 11,655,894 

1 119,183 

1 252,760 

171 117,795 

102 97,138 

295 418,079 

89 95,194 

45 7,562 

26 14,636 

6,076 

6,901 

18,160 

2,133 

417 

971 

22,758,682 285 

60,260,697 644 

112,173,459 454 

12,878,193 454 

1,965,594 381 

6,920,987 $539 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-52b 

PBGC Pension Data by Region and State (2022)1 

Claims 1975-2022 2022 Coverage 2022 Benefits Paid 2 

Region / State Average Monthly Plans Claims Plans Participants Payees Payments Pension3 

SOUTHWEST 228 $1,959,535,059 1,750 1,748,690 52,808 $390,607,613 $552 

Arizona 37 75,076,341 374 104,127 13,683 119,426,713 645 

New Mexico 9 25,958,358 71 30,825 2,586 16,714,725 475 

Oklahoma 26 53,882,390 101 51,685 5,103 29,456,398 431 

Texas 156 1,804,617,970 1,204 1,562,053 31,436 225,009,777 538 

ROCKY MOUNTAIN 65 $319,231,924 756 281,335 27,767 $279,635,926 $754 

Colorado 23 217,468,949 316 88,991 13,813 156,002,453 847 

Idaho 8 12,748,590 78 59,898 2,781 21,543,126 570 

Montana 5 2,934,400 31 3,014 1,111 9,430,021 639 

Nevada 13 3,071,295 161 20,645 5,948 55,597,502 699 

Utah 14 81,895,576 139 107,475 3,212 30,309,191 705 

Wyoming 2 1,113,114 31 1,312 902 6,753,633 607 

PACIFIC 384 $2,533,256,670 5,173 1,590,686 80,552 $745,833,398 $666 

Alaska 4 50,534,607 32 3,117 782 5,644,907 533 

California 289 1,897,128,542 4,458 1,306,946 55,466 511,188,986 654 

Hawaii 28 152,044,581 157 46,589 5,317 53,453,242 741 

Oregon 26 89,228,891 225 116,720 6,236 49,275,495 591 

Washington 37 344,320,050 301 117,314 12,751 126,270,768 732 

PUERTO RICO 

OTHER U.S. TERRITORIES 

FOREIGN COUNTRIES 

15 $24,649,446 

--- ---

7 $4,967,211 

7 24,081 

10 1,243 

28 28,997 

3,936 $12,351,251 $237 

167 $806,044 $230 

40 $253,076 $483 

TOTAL 5,100 $55,179,645,624 23,766 22,265,381 969,287 $7,042,518,857 $538 

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

 Mean monthly pension amounts are determined using reported benefit payment amounts and include one-time payments. Amounts are not adjusted to reflect annual, bi-annual, quarterly 

and/or monthly benefit 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. 

2021 Data Tables Installment 
PBGC SINGLE -EMPLOYER PROGRAM 

Table S-53 

PBGC Maximum Guaranteed Benefits 

(1990-2024) 

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 

2024 $7,107.95 $85,295.40 

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. 

2021 Data Tables Installment 
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 (2015-2021 Premium Reporting1) 

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% 

2021 208 0.9% 57.8% 43.0% 203 0.8% 40.9% 12.5% 

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. 

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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases reported in the premium filing for a plan year occurred in the previous plan year. 

2021 Data Tables Installment 
Table S 55 

 

 

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 

-

Estimated Incidence Rates of Partial Risk Transfer Activity in 

PBGC-Insured Plans by Plan Size (2021 Premium Reporting) 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) Annuity Purchases Average Total in Plans Offering Lump Sum (LS) Windows (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) 

< 100 30 0.2% 83.4% 76.4% 23 0.1% 75.1% 68.5% 37.1% 

100 - 499 52 2.0% 83.0% 56.2% 38 1.4% 60.8% 25.3% 24.8% 

500 - 999 25 2.9% 72.2% 54.3% 26 3.1% 64.9% 0.0% 25.2% 

1,000 - 2,499 35 4.0% 75.6% 41.4% 29 3.3% 58.6% 13.1% 20.0% 

2,500 - 4,999 24 4.9% 62.7% 40.7% 27 5.5% 57.7% 1.1% 17.1% 

5,000 - 9,999 21 7.1% 66.3% 50.7% 24 8.1% 57.6% 19.1% 21.7% 

≥ 10,000 21 4.9% 50.2% 38.9% 36 8.4% 37.4% 8.6% 16.8% 

All SE Plans 208 0.9% 57.8% 43.0% 203 0.8% 40.9% 12.5% 23.3% 

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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases reported in the 

premium filing for a plan year occurred in the previous plan year. 

- 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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-56 

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

Hard-Frozen Plans (2021 Premium Reporting) 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) Annuity Purchases Average Total in Plans Offering Lump Sum (LS) Windows (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) 

< 100 25 0.6% 85.6% 75.8% 13 0.3% 85.8% 64.1% 39.9% 

100 - 499 37 2.9% 83.8% 61.5% 24 1.8% 67.8% 23.1% 28.1% 

500 - 999 19 4.3% 72.2% 54.3% 16 3.6% 64.0% 0.0% 25.9% 

1,000 - 2,499 23 5.5% 76.6% 40.7% 15 3.6% 45.9% 14.5% 16.9% 

2,500 - 4,999 15 6.1% 59.3% 39.7% 13 5.3% 53.0% 1.1% 17.1% 

5,000 - 9,999 7 5.8% 65.2% 48.7% 9 7.5% 60.4% 17.5% 23.6% 

≥ 10,000 8 6.7% 64.8% 44.4% 10 8.3% 18.7% 15.2% 16.1% 

Hard Frozen Plans 134 2.0% 66.5% 45.3% 100 1.5% 26.3% 16.0% 25.4% 

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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases reported in 

the premium filing for a plan year occurred in the previous plan year. 

- 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. 

2021 Data Tables Installment 
 

 

PBGC SINGLE -EMPLOYER PROGRAM 

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 (2021 Premium Reporting) 

Offer and Acceptance Rates for Terminated Vested Participants (TVs) Annuity Purchases Average Total in Plans Offering Lump Sum (LS) Windows (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) 

< 100 3 0.0% 62.5% 80.0% 5 0.0% 42.9% 0.0% 16.9% 

100 - 499 5 0.6% 91.2% 27.8% 4 0.5% 40.8% 0.9% 7.8% 

500 - 999 2 1.1% 51.4% 35.2% 2 1.1% 93.2% 0.0% 31.5% 

1,000 - 2,499 1 0.6% 84.8% 62.7% 3 1.7% 63.0% 5.1% 32.3% 

2,500 - 4,999 1 1.1% 77.9% 62.8% 5 5.4% 71.5% 0.0% 18.8% 

5,000 - 9,999 6 9.0% 64.0% 56.3% 6 9.0% 58.0% 82.5% 18.2% 

≥ 10,000 7 4.8% 56.9% 30.7% 8 5.5% 31.7% 1.3% 7.0% 

Total 25 0.2% 59.1% 37.7% 33 0.2% 38.8% 6.9% 15.4% 

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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases reported in 

the premium filing for a plan year occurred in the previous plan year. 

- 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. 

2021 Data Tables Installment 
 

PBGC SINGLE -EMPLOYER PROGRAM 

Table S-58 

Estimated Partial Risk Transfer Activity in PBGC-Insured Plans by Industry 

(2021 Premium Reporting) 

Lump Sum (LS) Window for Annuity Purchases 

Terminated Vested Participants (TVs) (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 8 0.3% 73.9% 61.9% 5 0.2% 67.9% 25.0% 

MANUFACTURING 84 2.1% 79.7% 41.9% 111 2.7% 42.2% 16.2% 

Chemical and Allied Products 9 2.2% 64.0% 49.1% 10 2.5% 34.1% 0.0% 

Computer & Electronics 2 1.2% 82.4% 36.6% 4 2.4% 84.8% 0.0% 

Electrical Equipment 2 0.9% 95.1% 43.8% 9 4.2% 36.7% 0.0% 

Fabricated Metal Products 4 0.7% 76.3% 41.4% 14 2.3% 36.1% 52.7% 

Food, Beverage and Tobacco Products 16 3.9% 87.0% 28.1% 15 3.7% 62.8% 14.6% 

Machinery Manufacturing 6 1.6% 71.7% 65.1% 6 1.6% 90.1% 30.7% 

Motor Vehicle Equipment 8 5.2% 83.2% 31.6% 1 0.6% 40.6% 0.0% 

Paper Manufacturing 1 0.9% 79.4% 65.4% 0 0.0% 0.0% 0.0% 

Petroleum and Coal Products 0 0.0% 0.0% 0.0% 3 3.3% 60.0% 0.0% 

Primary Metals 11 4.6% 87.8% 53.7% 12 5.0% 42.9% 0.0% 

Other Manufacturing 25 1.9% 78.1% 46.8% 37 2.8% 35.3% 13.5% 

TRANSPORTATION AND PUBLIC UTILITIES 12 1.4% 85.5% 40.0% 4 0.5% 57.0% 0.0% 

Air Transportation 0 0.0% 0.0% 0.0% 1 1.9% 68.2% 0.0% 

Other Transportation 4 0.8% 89.6% 20.1% 1 0.2% 72.5% 0.0% 

Public Utilities 8 2.5% 85.1% 42.1% 2 0.6% 50.6% 0.0% 

INFORMATION 9 1.5% 79.8% 52.3% 6 1.0% 82.7% 6.3% 

WHOLESALE TRADE 7 0.4% 59.6% 49.8% 5 0.3% 71.4% 0.0% 

RETAIL TRADE 6 0.5% 32.0% 50.8% 3 0.2% 64.3% 0.0% 

FINANCE, INSURANCE AND REAL ESTATE 20 0.5% 40.3% 36.1% 24 0.5% 31.3% 6.3% 

SERVICES 57 0.7% 45.6% 38.6% 38 0.5% 29.1% 17.5% 

Health Care 34 1.8% 43.5% 38.8% 19 1.0% 69.4% 17.3% 

Other Services 23 0.4% 52.9% 38.1% 19 0.3% 12.5% 17.6% 

NON-PROFIT ORGANIZATIONS 5 0.9% 71.5% 36.3% 7 1.3% 88.4% 58.3% 

TOTAL 208 0.9% 57.8% 43.0% 203 0.8% 40.9% 12.5% 

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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases reported in the 

premium filing for a plan year occurred in the previous plan year. 

2021 Data Tables Installment 
 

-

Lump Sum Offers Annuity Purchases Total Participants 

PBGC SINGLE EMPLOYER PROGRAM 

Table S-59 

Estimated Cumulative Partial Risk Transfer Activity in 

PBGC-Insured Plans (2016-2021 Premium Reporting1) 

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 - 2021 2.83 1.22 1.69 2.91 

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 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. 

- For plan years prior to 2020, 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. Beginning 2020, lump sum windows and annuity purchases 

reported in the premium filing for a plan year occurred in the previous plan year. 

2021 Data Tables Installment 
 

 

 

 

1995

2000

2005

2010

2015

2020

Table M-1 

Net Financial Position (1980-2022) 

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 

2022 $3,493 $2,432 

($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 

$1,061 

Source: PBGC Annual Reports 

Note: 

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

2021 Data Tables Installment 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-2 

PBGC Premium Revenue, Financial Assistance, and 

Expenses (1980-2022) 

Transfer 

Total Financial Appropriation Premium Assistance (FA) Paid Fiscal Year Income for 

Revenue ($ millions) 

SFA2 

($ millions) ($millions) Traditional Special2 

Administrative & 

Investment Expenses 

($ millions) 

Traditional Special2 

1980 $5 --- * --- $2 ---

1985 $14 --- * --- $4 ---

1990 $21 --- * --- $2 ---

1995 $22 --- $4 --- * ---

1996 $22 --- $4 --- * ---

1997 $23 --- $4 --- * ---

1998 $23 --- $2 --- * ---

1999 $23 --- $19 --- * ---

2000 $24 --- $91 --- * ---

2001 $24 --- $5 --- * ---

2002 $25 --- $5 --- * ---

2003 $25 --- $5 --- * ---

2004 $27 --- $10 --- * ---

2005 $26 --- $14 --- * ---

2006 $58 --- $70 --- * ---

2007 $81 --- $72 --- * ---

2008 $90 --- $85 --- * ---

2009 1 $95 --- $86 --- * ---

2010 $93 --- $97 --- $12 ---

2011 $92 --- $114 --- $14 ---

2012 $92 --- $95 --- $20 ---

2013 $110 --- $89 --- $25 ---

2014 $122 --- $97 --- $18 ---

2015 $212 --- $103 --- $32 ---

2016 $282 --- $113 --- $39 ---

2017 $291 --- $141 --- $42 ---

2018 $292 --- $153 --- $41 ---

2019 $310 --- $160 --- $40 ---

2020 $322 --- $173 --- $42 ---

2021 $331 $1 $230 --- $8 $1 

2022 $339 $7,566 $226 $7,526 $9 $11 

1

 Beginning in FY 2009, PBGC reports premium income net of bad debt expense for premium, interest, and penalties. 

2

 Appropriation Income, representing funding from the U.S. Treasury’s General Fund, and special financial assistance payments to eligible 

plans were established under the Special Financial Assistance Program section of the American Rescue Plan Act of 2021. 

* Less than $500,000. 

Source: PBGC Annual Reports 

Note: 

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

2021 Data Tables Installment 
PBGC MULTIEMPLOYER PROGRAM 

Table M-3 

PBGC Periodic Payees and Benefit Payments 

(pre-MPPAA Plans, 1980-2022) 

Periodic Pension Payments Fiscal Number of 

Year Payees 1 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 

2021 10 * $102 $101 

2022 8 * $101 $101 

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. 

Note: 

- This table is based primarily on data provided by the PBGC’s Payment System (PPS). 

2021 Data Tables Installment 
 

-

-

PBGC MULTIEMPLOYER PROGRAM 

Table M-4 

PBGC Financial Assistance Payments

(Post-MPPAA Plans and Special Financial Assistance, 1981-2022) 

Traditional Financial Special Financial 

Assistance (TFA) Assistance (SFA) 

Repayments Number of Total Plans Amount of Plans Amount of Number of Total of Past Fiscal Plans Amount Receiving Lump Sum Receiving Periodic Plans Amount of Financial Year Receiving of TFA a Lump Sum Payments Periodic Payments Receiving SFA 

Assistance 3 

TFA 1 ($ millions) Payment 2 ($ millions) Payments 1 ($ millions) SFA ($ millions) ($ millions) 

1981 - 1994 7 $3 0 $0 7 $3 $0 --- ---

1995 9 4 0 0 9 4 0 --- ---

1996 12 4 0 0 12 4 0 --- ---

1997 14 4 0 0 14 4 0 --- ---

1998 18 5 0 0 18 5 3 --- ---

1999 21 19 1 14 20 5 0 --- ---

2000 21 91 2 87 19 5 0 --- ---

2001 22 5 14 0 22 4 0 --- ---

2002 23 5 0 0 23 5 0 --- ---

2003 24 5 1 0 23 5 0 --- ---

2004 27 10 14 0 27 10 0 --- ---

2005 29 14 14 1 28 13 0 --- ---

2006 33 70 1 0 32 70 0 --- ---

2007 36 72 34 1 36 71 0 --- ---

2008 42 85 55 6 40 79 0 --- ---

2009 44 436 86 7 41 78 0 --- ---

2010 50 97 77 10 44 87 0 --- ---

2011 49 114 55 14 47 100 0 --- ---

2012 49 95 5 1 44 94 0 --- ---

2013 44 89 0 0 44 89 0 --- ---

2014 53 97 0 0 53 97 0 --- ---

2015 58 103 2 1 57 101 0 --- ---

2016 65 113 0 0 65 113 0 --- ---

2017 72 141 0 0 72 141 0 --- ---

2018 818 153 1 1 78 152 0 --- ---

2019 89 160 4 0 85 160 0 --- ---

2020 949 1649 0 0 94 164 0 --- ---

2021 1099 2219 0 0 109 221 0 --- ---

2022 1159 2179 0 0 115 217 230 29 7,526 

Total 10 150 $2,246 44 $143 128 $2,101 $233 29 $7,526 

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. 

3

 Prior to fiscal year 2022, only one plan has repaid any of its past traditional financial assistance. That plan repaid only the principal amount of the loan it received. Beginning in fiscal year 

2022, repayments of financial assistance include amounts repaid under the Special Financial Assistace Program for past traditional financial assistance. 

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 2018. 

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 necessarily a sum of the yearly data. 

Sources: PBGC Annual Reports and internal calculations. 

2021 Data Tables Installment 
2021 Data Tables Installment 

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 10,864 8,522 819 679 596 175 53 19 

2021 10,896 8,565 850 653 583 175 50 20 

2022 11,196 8,805 889 657 594 181 49 21 

Source: PBGC Premium Filings 

Note: 

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

Number of Participants (in thousands) 

PBGC MULTIEMPLOYER PROGRAM 

Table M-5 

PBGC-Insured Plan Participants (1980-2022) 
 

 

1995

2000

2005

2010

2015

2020

Table M-6 

PBGC-Insured Plans (1980-2022) 

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 

1,879 144 123 

1996 1,876 143 132 

1997 1,846 145 131 

1998 1,817 147 136 

1999 1,800 149 137 

1,744 152 138 

2001 1,707 159 133 

2002 1,671 163 133 

2003 1,612 166 129 

2004 1,586 166 129 

1,571 164 134 

2006 1,538 162 132 

2007 1,522 167 124 

2008 1,517 167 130 

2009 1,488 170 128 

1,475 168 126 

2011 1,461 172 116 

2012 1,448 174 117 

2013 1,435 171 115 

2014 1,425 168 114 

1,396 167 114 

2016 1,375 171 109 

2017 1,374 176 108 

2018 1,373 177 114 

2019 1,377 177 117 

1,369 178 116 

2021 1,363 178 121 

2022 1,361 174 124 

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 

182 

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 

359 

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 

250 

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 

130 142 

Source: PBGC Premium Filings 

Note: 

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

2021 Data Tables Installment 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-7 

PBGC-Insured Plan Participants by 

Participant Status (1980-2020) 

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% 

2020 35.8% 36.4% 27.8% 

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%. 

2021 Data Tables Installment 
 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-8 

PBGC-Insured Plans and Participants by Industry (2020) 

Industry Insured Plans Insured Participants 

AGRICULTURE 8 0.6% 16,872 0.2% 

MINING 4 0.3% 91,672 0.8% 

CONSTRUCTION 756 55.2% 4,113,859 37.9% 

Building Construction 5.3% 72 4.9% 532,436 

Heavy Construction 4.6% 63 5.5% 601,125 

Plumbing, Heating, and Air Conditioning 10.8% 148 2.9% 309,996 

Electrical Work 9.1% 124 8.6% 934,018 

Building Finishing Contractors 4.3% 59 4.0% 434,884 

Foundation, Structure, and Exterior Work 12.5% 171 7.1% 773,811 

Other Construction 8.7% 119 4.9% 527,589 

MANUFACTURING 143 10.4% 1,031,321 9.5% 

Food and Tobacco Products 2.0% 27 1.9% 204,667 

Apparel and Textile Products 0.4% 6 0.2% 26,369 

Paper and Allied Products 0.4% 5 0.7% 75,653 

Printing and Publishing 1.6% 22 1.1% 117,580 

Machinery and Computer Equipment 0.3% 4 2.7% 291,553 

Electrical and Electronic Equipment 0.6% 8 0.1% 6,853 

Furniture and Fixtures 0.4% 6 0.1% 12,212 

Other Manufacturing 4.7% 65 2.7% 296,434 

TRANSPORTATION AND PUBLIC UTILITIES 143 10.4% 1,578,619 14.5% 

Trucking 5.8% 79 13.1% 1,423,808 

Water Transportation 3.1% 43 0.9% 101,319 

Other Transportation and Public Utilities 1.5% 21 0.5% 53,492 

INFORMATION 2.4% 33 2.4% 262,133 

WHOLESALE TRADE 1.8% 24 0.5% 50,214 

RETAIL TRADE 5.8% 80 14.2% 1,540,565 

SERVICES 178 13.0% 2,178,384 20.1% 

Administrative/Support 2.9% 40 3.4% 366,552 

Health Care/Social Assistance 1.2% 17 5.4% 590,181 

Accommodation/Food Service 2.0% 28 6.3% 685,770 

Other Services 93 6.8% 535,881 4.9% 

TOTAL 1,369 100.0% 10,863,639 100.0% 

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. 

2021 Data Tables Installment 
1990

1995

2000

2005

2010

2015

2020

PBGC MULTIEMPLOYER PROGRAM 

Table M-9 

Aggregate Funding of PBGC-Insured Plans1 (1980-2020) 

Assumed Beginning Assets Liabilities2 Funding Underfunding Overfunding Discount of Year ($ millions) ($ millions) Ratio ($ millions) ($ millions) Rate 

1980 $40,363 $52,123 77% $17,887 $6,126 8.50% 

1985 $88,182 $75,942 116% $6,432 $18,672 9.75% 

$166,348 $156,149 107% $11,574 $21,773 7.25% 

1991 $165,734 $160,370 103% $13,068 $18,432 7.25% 

1992 $184,670 $187,829 98% $17,835 $14,676 6.25% 

1993 $197,461 $202,177 98% $19,864 $15,148 6.40% 

1994 $206,625 $225,982 91% $29,193 $9,837 5.65% 

$209,947 $218,458 96% $22,726 $14,216 7.15% 

1996 $238,571 $270,551 88% $40,019 $8,039 5.30% 

1997 $268,471 $287,569 93% $32,549 $13,452 5.80% 

1998 $304,158 $331,017 92% $39,497 $12,638 5.40% 

1999 $320,704 $351,021 91% $44,379 $14,063 5.30% 

$356,659 $339,741 105% $21,135 $38,054 7.00% 

2001 $351,108 $385,272 91% $48,412 $14,249 6.40% 

2002 $330,104 $429,329 77% $102,469 $3,245 5.70% 

2003 $308,678 $486,845 63% $178,915 $748 5.00% 

2004 $347,471 $556,018 62% $209,181 $634 4.00% 

$372,404 $598,551 62% $226,717 $569 3.90% 

2006 $388,962 $588,629 66% $200,701 $1,034 4.50% 

2007 $430,091 $621,289 69% $192,849 $1,651 4.99% 

2008 $440,132 $648,069 68% $210,167 $2,230 5.37% 

2009 $326,940 $672,513 49% $345,788 $215 5.38% 

$366,333 $756,999 48% $391,027 $360 4.52% 

2011 $398,263 $798,963 50% $401,080 $380 4.26% 

2012 $392,245 $964,299 41% $572,228 $174 2.95% 

2013 $422,942 $1,033,758 41% $611,115 $299 2.68% 

2014 $467,985 $962,902 49% $495,712 $795 3.54% 

$478,227 $1,116,058 43% $638,122 $290 2.46% 

2016 $466,984 $1,105,495 42% $638,760 $248 2.81% 

2017 $495,845 $1,168,460 42% $672,987 $372 2.55% 

2018 $540,253 $1,296,964 42% $756,987 $276 2.22% 

2019 $528,597 $1,205,105 44% $676,790 $281 3.01% 

$574,205 $1,397,473 41% $823,493 $225 2.00% 

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. 

2021 Data Tables Installment 
 

1990

1995

2000

2005

2010

2015

2020

PBGC MULTIEMPLOYER PROGRAM 

Table M-10 

Aggregate Funding of Underfunded

PBGC-Insured Plans1 (1980-2020) 

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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$573,526 $1,397,019 $823,493 41% 2.00% 

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. 

2021 Data Tables Installment 
 

1990

1995

2000

2005

2010

2015

2020

PBGC MULTIEMPLOYER PROGRAM 

Table M-11 

Aggregate Funding of Overfunded

PBGC-Insured Plans1 (1980-2020) 

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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$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% 

$679 $454 $225 150% 2.00% 

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. 

2021 Data Tables Installment 
 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-12 

Concentration of Underfunding in PBGC-Insured Plans1 

(1990-2020) 

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% 

2020 $823,493 $223,845 27.2% $226,568 27.5% $373,080 45.3% 

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. 

2021 Data Tables Installment 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-13 

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2020) 

Liabilities1 Underfunding Overfunding Funding Ratio Plans Participants ($ millions) ($ millions) ($ millions) 

Terminated Booked Plans2 61 4.8% 70,947 0.7% $3,379 0.2% $2,049 0.2% --- ---

Ongoing Plans 

Less Than 40% 374 29.3% 3,999,434 37.1% $573,316 41.0% $396,972 48.2% --- ---

40% - 49% 419 32.9% 4,339,575 40.3% 520,035 37.2% 290,919 35.3% --- ---

50% - 59% 270 21.2% 1,968,654 18.3% 259,614 18.6% 121,446 14.7% --- ---

60% - 69% 89 7.0% 258,544 2.4% 25,454 1.8% 9,389 1.1% --- ---

70% - 79% 36 2.8% 59,059 0.5% 8,838 0.6% 2,247 0.3% --- ---

80% - 89% 10 0.8% 13,258 0.1% 1,120 0.1% 166 * --- ---

90% - 99% 6 0.5% 45,409 0.4% 5,262 0.4% 305 * --- ---

100% - 109% 2 0.2% 1,512 * 2 * --- --- --- ---

110% - 119% 1 0.1% 1,433 * 25 * --- --- $3 1.2% 

120% - 129% 1 0.1% 4,002 * 3 * --- --- 1 0.3% 

130% - 139% 1 0.1% 699 * 27 * --- --- 8 3.8% 

140% - 149% 2 0.2% 2,947 * 373 * --- --- 157 69.8% 

150% or More 3 0.2% 1,144 * 25 * --- --- 56 24.9% 

Total (Terminated/Ongoing Plans) 1,275 100.0% 10,766,617 100.0% $1,397,473 100.0% $823,493 100.0% $225 100.0% 

Total for underfunded plans 1,265 99.2% 10,754,880 99.9% $1,397,019 100.0% $823,493 100.0% --- ---

Total for overfunded plans 10 0.8% 11,737 0.1% $454 0.0% --- --- $225 100.0% 

Receiving Financial Assistance3, 4 94 97,022 $2,976 $2,976 ---

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

 Excludes plans involved in PBGC's first facilitated merger under MPRA. 

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%. 

- Amounts less than $500,000 display as zero ("---") due to rounding. 

* Less than 0.05 of one percent. 

2021 Data Tables Installment 
PBGC MULTIEMPLOYER PROGRAM 

Table M-14 

Funding of PBGC-Insured Plans by Industry1 (2020) 

Aggregate Liabilities2 Underfunding Overfunding Industry Funding ($ millions) ($ millions) ($ millions) Ratio 

AGRICULTURE 51.7% $937 0.1% $453 0.1% --- ---

MINING 37.8% 9,790 0.7% 6,202 0.8% $112 49.7% 

CONSTRUCTION 43.0% 704,535 50.4% 401,243 48.7% 8 3.8% 

Building Construction 41.5% 106,317 7.6% 62,215 7.6% --- ---

Heavy Construction 45.4% 118,377 8.5% 64,613 7.8% --- ---

Plumbing, Heating, and Air Conditioning 47.1% 70,657 5.1% 37,366 4.5% --- ---

Electrical Work 43.7% 109,073 7.8% 61,426 7.5% --- ---

Building Finishing Contractors 39.1% 70,755 5.1% 43,075 5.2% --- ---

Foundation, Structure, and Exterior Work 41.8% 126,214 9.0% 73,502 8.9% --- ---

Other Construction 42.8% 103,141 7.4% 59,046 7.2% 8 3.8% 

MANUFACTURING 39.7% 89,244 6.4% 53,856 6.5% 45 20.1% 

Food and Tobacco Products 34.3% 21,097 1.5% 13,856 1.7% --- ---

Apparel and Textile Products 25.1% 39 * 29 * --- ---

Paper and Allied Products 32.5% 5,698 0.4% 3,845 0.5% --- ---

Printing and Publishing 26.6% 7,549 0.5% 5,539 0.7% --- ---

Furniture and Fixtures 43.5% 288 * 163 * --- ---

Machinery and Computer Equipment 43.2% 30,098 2.2% 17,083 2.1% --- ---

Electrical and Electronic Equipment 58.6% 444 * 184 * --- ---

Other Manufacturing 45.4% 24,031 1.7% 13,157 1.6% 45 20.1% 

TRANSPORTATION AND PUBLIC UTILITIES 39.2% 259,909 18.6% 158,106 19.2% 56 24.8% 

Trucking 37.1% 226,330 16.2% 142,457 17.3% --- ---

Water Transportation 55.5% 27,972 2.0% 12,507 1.5% 56 24.8% 

Other Transportation and Public Utilities 44.0% 5,607 0.4% 3,142 0.4% --- ---

INFORMATION 34.3% 36,970 2.6% 3 24,292 2.9% 0 0.0% 

WHOLESALE TRADE 50.3% 3,697 0.3% 1,837 0.2% --- ---

RETAIL TRADE 36.8% 96,423 6.9% 60,925 7.4% 1 0.3% 

SERVICES 40.5% 195,968 14.0% 116,579 14.2% 3 1.2% 

Administrative/Support 40.1% 30,722 2.2% 18,407 2.2% --- ---

Health Care/Social Assistance 43.4% 54,739 3.9% 30,990 3.8% --- ---

Accommodative/Food Service 40.2% 25,597 1.8% 15,318 1.9% 3 1.2% 

Other Services 38.9% 84,910 6.1% 3 51,864 6.3% 0 0.0% 

TOTAL 43.9% $1,397,473 100.0% $823,493 100.0% $225 100.0% 

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 

Note: 

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

2021 Data Tables Installment 
 

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. 

2021 Data Tables Installment 
 

PBGC MULTIEMPLOYER PROGRAM 

Table M-16 

PBGC Historical Premium Rates (1974-2024) 

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 

2024 $37.00 

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). 

Note: 

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. 

2021 Data Tables Installment 
 

 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 

n/a n/a n/a n/a n/a n/a 15.3% 16.2% 16.1% 14.3% 14.8% 15.0% 

n/a n/a n/a n/a n/a n/a 52.1% 51.7% 52.2% 52.5% 52.3% 49.8% 

n/a n/a n/a n/a n/a n/a 32.6% 32.1% 31.7% 33.2% 32.9% 35.2% 

n/a n/a n/a n/a n/a n/a 1,166,554 1,292,774 1,257,156 1,298,375 1,312,051 1,210,969 

n/a n/a n/a n/a n/a n/a 11.3% 12.5% 12.1% 12.4% 12.3% 11.3% 

38.9% 34.1% 31.3% 29.8% 29.3% 27.1% 32.6% 32.1% 30.4% 31.0% 30.5% 29.3% 

32.6% 34.7% 36.3% 38.1% 38.3% 40.5% 34.5% 34.4% 35.6% 34.9% 36.0% 38.0% 

28.5% 31.2% 32.5% 32.1% 32.0% 32.4% 32.9% 33.5% 34.0% 34.1% 33.5% 32.7% 

3,901,690 3,944,404 3,474,996 3,478,525 3,648,059 3,445,697 2,188,213 2,143,766 2,148,040 1,882,450 2,248,130 2,232,360 

37.9% 38.7% 34.3% 34.5% 35.3% 33.9% 21.2% 20.7% 20.6% 17.9% 21.1% 20.8% 

36.1% 28.2% 20.2% 20.4% 13.7% 37.0% 40.3% 45.0% 42.2% 43.5% 40.4% 44.3% 

38.3% 53.4% 63.7% 65.3% 76.5% 41.6% 43.5% 30.5% 37.4% 35.1% 36.8% 34.9% 

25.6% 18.4% 16.0% 14.2% 9.8% 21.3% 16.2% 24.5% 20.5% 21.4% 22.8% 20.7% 

1,470,071 334,892 197,775 192,656 138,096 5,386 24,773 29,670 96,347 85,899 127,651 89,593 

14.3% 3.3% 2.0% 1.9% 1.3% 0.1% 0.2% 0.3% 0.9% 0.8% 1.2% 0.8% 

47.7% 46.4% 41.9% 41.5% 39.1% 39.9% 38.3% 38.5% 40.1% 39.1% 40.0% 39.5% 

30.9% 32.5% 35.4% 36.0% 37.9% 36.3% 37.0% 37.7% 37.0% 38.6% 38.4% 39.1% 

21.4% 21.1% 22.7% 22.5% 23.0% 23.8% 24.7% 23.7% 22.9% 22.2% 21.6% 21.4% 

1,791,794 1,343,543 1,182,836 1,304,796 1,339,856 1,176,225 1,154,551 1,020,714 915,694 1,070,762 898,414 926,774 

17.4% 13.2% 11.7% 12.9% 13.0% 11.6% 11.2% 9.9% 8.8% 10.2% 8.5% 8.6% 

46.0% 43.2% 42.2% 42.1% 42.2% 41.5% 42.4% 42.2% 42.0% 42.1% 42.8% 42.1% 

29.8% 31.0% 31.5% 30.7% 31.0% 31.8% 31.6% 31.8% 32.0% 32.3% 32.2% 32.5% 

24.3% 25.7% 26.3% 27.2% 26.7% 26.8% 26.1% 26.1% 26.0% 25.6% 25.0% 25.4% 

3,120,860 4,560,589 5,285,045 5,119,835 5,217,433 5,548,105 5,784,268 5,869,272 6,001,649 6,158,390 6,046,685 6,280,586 

30.4% 44.8% 52.1% 50.7% 50.4% 54.5% 56.1% 56.7% 57.6% 58.7% 56.9% 58.5% 

In Pay 

Zone Status/Participant Status Percentage of Participants within Zone Status 

 Critical & Declining 

Active 

In Pay 

Separated Vested 

Total Participants 

Percent of System 

 Critical 

Active 

In Pay 

Separated Vested 

Total Participants 

Percent of System 

 Seriously Endangered 

Active 

In Pay 

Separated Vested 

Total Participants 

Percent of System 

 Endangered 

Active 

Separated Vested 

Total Participants 

Percent of System 

 Neither Endangered or Critical 

Active 

In Pay 

Separated Vested 

Total Participants 

Percent of System 

PBGC MULTIEMPLOYER PROGRAM 

Table M-17 

Participants by Plan Zone Status and Participant Status1 (2009-2020) 

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 

Note: 

- In 2015, the Critical & Declining (C&D) status was introduced as a subset of the Critical status under MPRA 2014. 

2021 Data Tables Installment 
 

 

 

 

Table M-18 

Plans by Plan Zone Status (2009-2020) 

PBGC MULTIEMPLOYER PROGRAM 

Zone Status 

2009 2010 2011 2012 

Plan Zone Status by Year (plan count) 

2013 2014 2015 2016 2017 2018 2019 2020 

 Critical & Declining n/a n/a n/a n/a n/a n/a 84 108 114 113 110 109 

 Critical 439 385 322 329 343 323 215 213 191 169 173 169 

 Seriously Endangered 128 48 18 20 13 5 5 5 4 2 7 2 

 Endangered 298 228 212 228 206 163 150 136 129 124 113 103 

 Neither Endangered or Critical 485 672 770 727 728 788 802 780 796 815 805 825 

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 1,208 

Zone Status 

2009 2010 2011 2012 

Plan Zone Status by Year (% of plans) 

2013 2014 2015 2016 2017 2018 2019 2020 

 Critical & Declining n/a n/a n/a n/a n/a n/a 6.7% 8.7% 9.2% 9.2% 9.1% 9.0% 

 Critical 32.5% 28.9% 24.4% 25.2% 26.6% 25.3% 17.1% 17.2% 15.5% 13.8% 14.3% 14.0% 

 Seriously Endangered 9.5% 3.6% 1.4% 1.5% 1.0% 0.4% 0.4% 0.4% 0.3% 0.2% 0.6% 0.2% 

 Endangered 22.1% 17.1% 16.0% 17.5% 16.0% 12.7% 11.9% 11.0% 10.5% 10.1% 9.4% 8.5% 

 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% 68.3% 

Total System 100.0% 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 

Note: 

- In 2015, the Critical & Declining (C&D) status was introduced as a subset of the Critical status under MPRA 2014. 

2021 Data Tables Installment 
 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-19 

Administrative Expenses per Participant by Industry

and Zone Status1 (2009-2020) 

Administrative Expense per Participant (median, unadjusted dollars) 

 Industry/Zone Status 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 

CONSTRUCTION 

 Critical & Declining n/a n/a n/a n/a n/a n/a $336 $362 $412 $369 $343 $380 

 Critical $264 $265 $273 $258 $269 $277 $279 $291 $270 $302 $305 $308 

 Seriously Endangered $240 $219 $193 $352 $310 $329 $273 $227 $164 $144 $148 $203 

 Endangered $227 $253 $250 $246 $249 $251 $267 $261 $251 $251 $238 $256 

 Neither Endangered or Critical $228 $228 $231 $229 $238 $247 $261 $253 $262 $260 $260 $253 

All Construction $235 $239 $241 $242 $250 $252 $267 $265 $265 $266 $264 $263 

MANUFACTURING 

 Critical & Declining n/a n/a n/a n/a n/a n/a $199 $162 $232 $188 $222 $232 

 Critical $171 $181 $169 $182 $180 $182 $212 $234 $237 $256 $212 $206 

 Seriously Endangered $133 $160 $245 $180 $194 $252 n/a n/a n/a n/a n/a n/a 

 Endangered $180 $248 $163 $201 $182 $152 $189 $187 $179 $204 $204 $276 

 Neither Endangered or Critical $172 $182 $197 $182 $186 $195 $197 $235 $223 $205 $219 $215 

All Manufacturing $170 $181 $184 $182 $186 $185 $202 $210 $219 $206 $217 $219 

TRANSPORTATION 

 Critical & Declining n/a n/a n/a n/a n/a n/a $365 $303 $302 $279 $250 $280 

 Critical $199 $212 $230 $223 $206 $208 $220 $219 $222 $235 $211 $223 

 Seriously Endangered $224 $342 $741 $207 $311 n/a n/a n/a n/a n/a $1,575 n/a 

 Endangered $316 $283 $263 $285 $289 $256 $311 $253 $225 $210 $172 $202 

 Neither Endangered or Critical $304 $262 $273 $283 $298 $295 $290 $303 $304 $311 $321 $311 

All Transportation $240 $245 $263 $258 $258 $267 $296 $288 $292 $279 $273 $277 

OTHER INDUSTRIES 

 Critical & Declining n/a n/a n/a n/a n/a n/a $232 $225 $237 $232 $241 $180 

 Critical $149 $148 $137 $147 $157 $163 $147 $139 $141 $134 $166 $143 

 Seriously Endangered $176 $152 $253 $230 $274 $415 $423 $126 $215 $271 $143 n/a 

 Endangered $201 $180 $173 $206 $158 $153 $170 $229 $173 $197 $267 $175 

 Neither Endangered or Critical $184 $188 $195 $188 $198 $195 $210 $203 $209 $211 $243 $224 

All Other Industries $165 $168 $169 $174 $177 $185 $186 $193 $192 $198 $235 $202 

System-wide $215 $221 $224 $224 $229 $237 $252 $245 $249 $250 $249 $251 

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 

Note: 

- Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments. 

2021 Data Tables Installment 
 

 

 

 

 

PBGC MULTIEMPLOYER PROGRAM 

Table M-20 

Administrative Expenses as a Percent of Benefits Paid by Industry 

and Zone Status1 (2009-2020) 

Administrative Expenses to Benefits Paid (median) 

 Industry/Zone Status 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 

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% 7.4% 

 Critical 5.4% 5.4% 5.9% 5.5% 4.9% 4.7% 4.5% 5.2% 4.6% 5.2% 4.5% 4.3% 

 Seriously Endangered 6.0% 4.3% 2.5% 5.4% 5.6% 7.2% 3.6% 4.5% 4.5% 3.1% 2.8% 2.6% 

 Endangered 5.3% 4.8% 4.5% 4.1% 4.0% 4.2% 4.3% 4.1% 3.8% 3.7% 3.7% 3.9% 

 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% 4.4% 

All Construction 6.1% 5.6% 5.4% 5.1% 5.0% 5.1% 4.9% 5.0% 4.8% 4.8% 4.7% 4.4% 

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% 7.9% 

 Critical 8.6% 8.6% 7.5% 7.1% 7.5% 6.8% 12.2% 8.4% 7.8% 7.9% 7.5% 6.9% 

 Seriously Endangered 7.5% 11.4% 9.9% 3.0% 4.0% 13.9% n/a 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% 6.7% 

 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% 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% 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% 4.8% 

 Critical 4.2% 4.5% 3.9% 4.0% 3.9% 3.6% 3.0% 3.6% 5.0% 4.1% 3.7% 3.6% 

 Seriously Endangered 4.3% 4.6% 11.5% 10.1% 5.6% n/a n/a n/a n/a n/a 6.9% n/a 

 Endangered 6.6% 5.5% 5.8% 4.1% 3.9% 2.8% 6.0% 3.1% 2.8% 2.9% 2.7% 2.6% 

 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% 5.6% 

All Transportation 5.4% 5.8% 5.6% 5.4% 5.1% 5.4% 6.0% 4.7% 5.3% 4.9% 4.9% 4.8% 

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% 9.2% 

 Critical 7.7% 8.6% 8.2% 7.6% 8.5% 9.0% 8.6% 8.6% 9.6% 8.1% 6.3% 6.8% 

 Seriously Endangered 10.3% 6.8% 8.6% 6.6% 4.0% 4.7% 4.6% 3.5% 8.9% 14.9% 2.9% n/a 

 Endangered 7.7% 7.9% 9.0% 5.8% 7.8% 5.9% 4.8% 6.5% 7.4% 7.2% 5.2% 9.3% 

 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% 7.6% 

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% 7.7% 

System-wide 6.7% 6.3% 6.1% 5.8% 5.7% 5.7% 5.8% 5.7% 5.5% 5.4% 5.3% 5.1% 

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 

Note: 

Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments. 

2021 Data Tables Installment 
PBGC MULTIEMPLOYER PROGRAM 

Table M-21 

Special Financial Assistance Paid by Plan Size 

(Fiscal Year 2022) 

Amount of Special 

Plan Size Number of Plans Finanacial Assistance Paid 

($ milllions) 

< 250 

250 - 499 

500 - 999 

1,000 - 2,499 

2,500 - 4,999 

5,000 - 9,999 

≥ 10,000

6 20.7% 

2 6.9% 

5 17.2% 

8 27.6% 

3 10.3% 

2 6.9% 

3 10.3% 

$62 0.8% 

110 1.5% 

421 5.6% 

999 13.3% 

1,560 20.7% 

1,130 15.0% 

3,245 43.1% 

Total 29 100.0% $7,526 100.0% 

Source: PBGC List of Special Financial Assistance Applications. 

2021 Data Tables Installment 
 

 

Table M-22 

Special Financial Assistance Paid by Industry (Fiscal Year 2022) 

Number Number of Industry of Plans Participants 

PBGC MULTIEMPLOYER PROGRAM 

Amount of Special 

Finanacial Assistance Paid 

($ milllions) 

AGRICULTURE, MINING, AND CONSTRUCTION 

MANUFACTURING 

TRANSPORTATION AND PUBLIC UTILITIES 

INFORMATION 

WHOLESALE TRADE 

RETAIL TRADE 

FINANCE, INSURANCE AND REAL ESTATE 

SERVICES 

NON-PROFIT ORGANIZATIONS 

8 27.6% 

8 27.6% 

12 41.4% 

0 0.0% 

0 0.0% 

0 0.0% 

0 0.0% 

1 3.4% 

0 0.0% 

4,315 2.9% 

49,340 32.9% 

44,700 29.8% 

0 0.0% 

0 0.0% 

0 0.0% 

0 0.0% 

51,500 34.4% 

0 0.0% 

$213 2.8% 

2,376 31.6% 

3,692 49.1% 

0 0.0% 

0 0.0% 

0 0.0% 

0 0.0% 

1,245 16.5% 

0 0.0% 

Total 29 100.0% 149,855 100.0% $7,526 100.0% 

Source: PBGC List of Special Financial Assistance Applications. 

2021 Data Tables Installment