Overview

Prior Year Data Tables

PBGC's Single-Employer & Multiemployer Programs

PBGC Pension Data at a Glance

DATA TABLE LISTING

2016 Data Tables

PBGC's Single-Employer Program

PBGC Single-Employer Guaranty Study (2016)

Summary Tables

S-1 Net Financial Position of PBGC's Single-Employer Program (1980-2017)

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2017)

Claims Tables

S-3 PBGC Terminations and Claims (1975-2016)

S-4 PBGC Claims (1975-2016)

S-5 Top 10 Firms Presenting Claims (1975-2016)

S-6 PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2016)

S-7 PBGC Claims by Fiscal Year and Size of Claim (1975-2016)

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2016)

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2016)

S-10 PBGC Trusteed Plans by Size of Claim and Funded Ratio (1975-2016)

S-11 PBGC Claims by Size of Claim and Funded Ratio (1975-2016)

S-12 Average Claim per Vested Participant by Plan Size (1975-2016)

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2016)

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2016)

S-15 PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2016)

S-16 PBGC Claims by Size of Claim and Plan Size (1975-2016)

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2016)

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2016)

S-19 PBGC Claims by Industry (1975-2016)

Guarantee Payments Tables

S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2016)

S-21 PBGC Payees and Benefit Payments by Date of Plan Termination (2016)

S-22 PBGC Payees and Benefit Payments by Size of Trusteed Plan (2016)

S-23 Total PBGC Payees and Average Benefit Payments by Age and Gender (2016)

S-24 PBGC Retired Payees and Average Benefit Payments by Age and Gender (2016)

S-25 PBGC Beneficiary Payees and Average Benefit Payments by Age and Gender (2016)

S-26 Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2016)

S-27 PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (2016)

S-28 PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (2016)

S-29 PBGC Payees and Benefit Payments by Industry (2016)

Covered Plan Information Tables

S-30 PBGC-Insured Plan Participants (1980-2017)

S-31 PBGC-Insured Plans (1980-2017)

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2015)

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and Salary Workers (1980-2015)

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2015)

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2015)

S-36 PBGC-Insured Plans by Status of Benefit Accruals and Participation Freeze (2008-2015)

S-37 PBGC-Insured Participants by Status of Benefit Accruals and Participation Freeze (2008-2015)

Premium Tables

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2015)

S-39 PBGC's Historic Premium Rates (1974-2018)

S-40 PBGC Premium Revenue (1980-2017)

S-41 PBGC Premium Revenue by Size of Plan and Type of Premium (2015)

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2015)

S-43 PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2015)
PBGC's Single-Employer & Multiemployer Programs

Covered Plan Information Tables

S-44 Funding of PBGC-Insured Plans (1980-2015)

S-45 Funding of Underfunded PBGC-Insured Plans (1980-2015)

S-46 Funding of Overfunded PBGC-Insured Plans (1980-2015)

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2015)

S-48 Plans, Participants and Funding of PBGC-Insured Plans by Funding Ratio (2015)

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2016)

S-50 Funding of PBGC-Insured Plans by Industry (2015)

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2015)

Summary Tables

S-52 PBGC Pension Data by Region and State (2016)

S-53 PBGC Maximum Guaranteed Benefits (1990-2018)

PBGC's Multiemployer Program

Orphan and Inactive Participants in Multiemployer Plans

Summary Tables

M-1 Net Financial Position of PBGC's Multiemployer Program (1980-2017)

M-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2017)

Guarantee Payments Tables

M-3 PBGC Payees and Benefit Payments (Pre-MPPAA Plans, 1980-2016)

M-4 PBGC Financial Assistance to Insolvent Plans (Post-MPPAA Plans, 1981-2016) Covered

Plan Information Tables

M-5 PBGC-Insured Plan Participants (1980-2017)

M-6 PBGC-Insured Plans (1980-2017)

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2015)

M-8 PBGC-Insured Plans and Participants by Industry (2015)

M-9 Funding of PBGC-Insured Plans (1980-2015)

M-10 Funding of Underfunded PBGC-Insured Plans (1980-2015)

M-11 Funding of Overfunded PBGC-Insured Plans (1980-2015)

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2015)

M-13 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2015)

M-14 Funding of PBGC-Insured Plans by Industry (2015)

Summary Tables

M-15 PBGC Maximum Guaranteed Benefits (1980-2018)

M-16 PBGC's Historic Premium Rates (1974-2018)

Covered Plan Information Tables - Multiemployer Supplement

M-17 Participant Distribution by Plan Zone Status and Participant Status (2009 - 2015)

M-18 Plans by Zone Status (2009 - 2015)

M-19 Administrative Expenses per Participant, by Industry and Zone (2009 - 2015)

M-20 Administrative Expenses as a Percent of Benefits Paid, by Industry and Zone (2009 - 2015)

DATA TABLE LISTING (Continued)
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 published Pension Insurance Data Books and Tables annually since 1996 to present detailed statistics on PBGC program operations and benefit 

protections. Beginning with the 2015 Data Tables, PBGC is releasing the data in groups, as they become available. 

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

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

A revision was made to Table S-3 on 07/18/2018 to correct for the values presented for plans which terminated in recent years.

A revision was made to Table S-19 on 08/30/2018 to correctly move plans between the 'Other Manufacturing' and 'Fabricated Metal Products' categories.

2016 Data Tables
Single-Employer

Program

(Dollars in millions)

Multiemployer

Program

(Dollars in millions)

Combined

Programs

(Dollars in millions)

Fiscal Year 2016: 

Net Financial Position: -$20,580 -$58,833 -$79,413 

Total Assets: $97,342 $2,204 $99,546 

Total Liabilities: $117,922 $61,037 $178,959 

Premium Revenue*: $6,379 $282 $6,661 

Number of Insured Plans: 22,333 1,375 23,708 

Number of Insured Participants: 28.6 million 10.5 million 39.1 million 

Change in number of plans Trusteed or Pending Trusteeship**: 63 N/A 63 

Change in Claims*****: $0 N/A $0 

Total Number of Payees 

Paid Directly***: 841,512 31 841,543 

Paid Indirectly Through Financial Assistance: N/A 59,000 59,000 

Total Benefit Payments: 

Paid Directly to Payees: $5,659   $5,659 

Financial Assistance Granted: N/A $113 $113 

Number of Plans Receiving Financial Assistance: N/A 65 65 

Fiscal Years 1975-2016: 

Plans Trusteed or Pending Trusteeship: 4,769 10 4,779 

Amount of Claims** ***: $49,003 $31 $49,034 

Number of Plans Receiving Financial Assistance: N/A 99 99 

Total Amount of Financial Assistance Granted: N/A $1,190 $1,190 

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

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

**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".

 Less than $500,000.

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

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

PBGC DATA BOOK AT A GLANCE:

***The number of payees includes those receiving a periodic pension benefit payment and those who received a lump-sum benefit payment from PBGC 

during FY 2015.

2016 Data Tables
 Fiscal Year Assets

(in millions)

 Liabilities

(in millions)

 Net Position

(in millions)

1980 $430 $524 -$95 

1985 1,155 2,480 -1,325 

1990 2,797 4,710 -1,913 

1995 10,371 10,686 -315 

1996 12,043 11,174 869 

1997 15,314 11,833 3,481 

1998 17,631 12,619 5,012 

1999 18,431 11,393 7,038 

2000 20,830 11,126 9,704 

2001 21,768 14,036 7,732 

2002 25,430 29,068 -3,638 

2003 34,016 45,254 -11,238 

2004 38,993 62,298 -23,305 

2005 56,470 79,246 -22,776 

2006 59,972 78,114 -18,142 

2007 67,241 80,352 -13,111 

2008 64,612 75,290 -10,678 

2009 68,736 89,813 -21,077 

2010 77,463 99,057 -21,594 

2011 78,960 102,226 -23,266 

2012 82,973 112,115 -29,142 

2013 83,227 110,608 -27,381 

2014 88,013 107,351 -19,338 

2015 85,735 109,800 -24,065 

2016 97,342 117,922 -20,580 

2017 $106,196 $117,110 -$10,914 

 

Source: PBGC Annual Reports

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

Table S-1 

Net Financial Position (1980-2017)

Single-Employer Program 

2016 Data Tables
Fiscal 

Year

Total 

Premium 

Revenue 

(in millions)

Benefit 

Payments 

(in millions)

Administrative &

 Investment 

Expenses 

(in millions)

Premiums Minus 

Benefits Paid 

and Expenses 

(in millions)

1980 $71 $37 $20 $14 

1985 82 170 33 -121 

1990 659 369 63 227 

1995 838 761 138 -61 

1996 1,146 790 150 206 

1997 1,067 823 155 89 

1998 966 847 158 -39 

1999 902 901 161 -160 

2000 807 902 167 -262 

2001 821 1,042 184 -405 

2002 787 1,537 225 -975 

2003 948 2,488 290 -1,830 

2004 1,458 3,006 288 -1,836 

2005 1,451 3,685 342 -2,576 

2006 1,442 4,082 405 -3,045 

2007 1,476 4,266 378 -3,168 

2008 1,340 4,292 400 -3,352 

 2009* 1,822 4,478 417 -3,073 

2010 2,231 5,467 449 -3,685 

2011 2,072 5,340 424 -3,692 

2012 2,642 5,384 443 -3,185 

2013 2,943 5,449 434 -2,940 

2014 3,812 5,522 464 -2,174 

2015 4,138 5,570 446 -1,878 

2016 6,379 5,659 465 255 

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

Source: PBGC Annual Reports

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

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

Table S-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2017)

Single-Employer Program

2016 Data Tables
Fiscal Year

Standard 

Terminations 

Filings

Trusteed 

Terminations*

Assets 

(in millions)

Liabilities 

(in millions)

Claims 

(in millions)

Recoveries 

(in millions)

Net 

Claims 

(in 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 2,274 5,117 2,843 448 2,395 

1995 - 1999 15,089 444 1,414 2,197 783 77 705 

2000 1,892 74 267 368 101 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 2,833 6,117 3,285 529 2,756 

2005 1,108 129 10,318 21,566 11,248 1,799 9,449 

2006 1,247 89 2,372 4,589 2,217 1,329 888 

2007 1,233 78 630 974 344 31 313 

2008 1,405 83 536 816 279 42 237 

2009 1,294 191 10,097 17,377 7,280 1,290 5,990 

2010 1,308 156 1,327 2,501 1,173 176 997 

2011 1,400 100 857 1,539 682 81 602 

2012 1,332 117 796 1,727 931 88 843 

2013 1,481 92 1,436 2,882 1,445 107 1,339 

2014 1,373 61 1,099 1,880 781 51 730 

2015 1,197 41 680 1,335 654 12 642 

2016 1,225 36 1,205 2,049 845 1 844 

 Total 140,935 4,769 $53,440 $102,443 $49,003 $7,117 $41,886 

 

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.

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

Table S-3 

PBGC Terminations and Claims (1975-2016) 

Single-Employer Program

Source: PBGC Fiscal Year Closing File

*Trusteed terminations include plans pending trusteeship.

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

2016 Data Tables
Fiscal 

Year Claims 

1975 - 1979 $252,206,144 --- --- $252,206,144 100.0% 

1980 - 1984 742,708,476 --- --- 742,708,476 100.0% 

1985 - 1989 1,701,718,991 --- --- 1,701,718,991 100.0% 

1990 - 1994 2,842,595,574 $841,082,434 29.6% 2,001,513,140 70.4% 

1995 162,127,459 --- --- 162,127,459 100.0% 

1996 168,583,028 --- --- 168,583,028 100.0% 

1997 207,994,973 --- --- 207,994,973 100.0% 

1998 75,461,518 --- --- 75,461,518 100.0% 

1999 168,647,557 --- --- 168,647,557 100.0% 

2000 101,400,872 --- --- 101,400,872 100.0% 

2001 1,150,650,416 668,377,105 58.1% 482,273,310 41.9% 

2002 3,789,520,834 2,081,361,846 54.9% 1,708,158,988 45.1% 

2003 6,474,349,334 5,550,023,175 85.7% 924,326,159 14.3% 

2004 3,284,840,930 692,584,383 21.1% 2,592,256,548 78.9% 

2005 11,247,922,369 9,486,323,371 84.3% 1,761,598,998 15.7% 

2006 2,216,860,201 1,710,043,418 77.1% 506,816,782 22.9% 

2007 344,090,650 --- --- 344,090,650 100.0% 

2008 279,271,800 --- --- 279,271,800 100.0% 

2009 7,280,173,807 4,820,596,418 66.2% 2,459,577,389 33.8% 

2010 1,173,165,402 --- --- 1,173,165,402 100.0% 

2011 682,330,648 --- --- 682,330,648 100.0% 

2012 930,968,696 --- --- 930,968,696 100.0% 

2013 1,445,391,382 --- --- 1,445,391,382 100.0% 

2014 780,777,404 --- --- 780,777,404 100.0% 

2015 654,386,675 --- --- 654,386,675 100.0% 

2016 844,604,828 --- --- 844,604,828 100.0% 

Total $49,002,749,967 $25,850,392,150 52.8% $23,152,357,816 47.2% 

Claims of Top 10 Firms and 

Percent of Total Annual Claims

Other Claims and 

Percent of Total Annual Claims 

Source: PBGC Fiscal Year Closing File

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 unless noted as Net Claims, which also consider recoveries from trusteed plans.

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

Table S-4 

PBGC Claims (1975-2016) 

Single-Employer Program

2016 Data Tables
Number of 

Plans

Fiscal Year(s) 

of Plan 

Termination(s)

Claims 

(by firm)

Vested 

 Participants

Average 

Claim Per 

Vested 

Participant

Percent 

of Total 

Claims

1. United Airlines 4 2005 $7,304,186,216 122,483 $59,634 14.9% 

2. Delphi 6 2009 4,820,596,418 66,614 72,366 9.8% 

3. Bethlehem Steel 1 2003 3,702,771,655 92,174 40,172 7.6% 

4. US Airways 4 2003, 2005 2,708,858,934 60,585 44,712 5.5% 

5. LTV Steel* 6 2002, 2003, 2004 2,134,985,884 83,782 25,483 4.4% 

6. Delta Air Lines 1 2006 1,710,043,418 13,237 129,187 3.5% 

7. National Steel 7 2003 1,319,009,116 35,152 37,523 2.7% 

8. Pan American Air 3 1991, 1992 841,082,434 53,624 15,685 1.7% 

9. Trans World Airlines 2 2001 668,377,105 32,197 20,759 1.4% 

10. Weirton Steel 1 2004 640,480,970 9,825 65,189 1.3% 

Top 10 Total 35 $25,850,392,150 569,673 $45,378 52.8% 

All Other Total 4,734 23,152,357,816 1,703,811 13,589 47.2% 

Total 4,769 $49,002,749,967 2,273,484 $21,554 100.0% 

Source: PBGC Fiscal Year Closing File

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 terminiation.

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

Table S-5 

Top 10 Firms Presenting Claims (1975-2016)

Single-Employer Program

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

Top 10 Firms

2016 Data Tables
Less Than $1 

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

$1 Billion or 

More Total Plans Percent of Total

1975 - 1979 545 36 5 --- --- 586 12.3% 

1980 - 1984 539 65 18 --- --- 622 13.0% 

1985 - 1989 450 67 15 5 --- 537 11.3% 

1990 - 1994 534 137 17 6 --- 694 14.6% 

1995 - 1999 310 118 16 --- --- 444 9.3% 

2000 - 2004 360 245 83 23 2 713 15.0% 

2005 - 2009 235 246 70 12 7 570 12.0% 

2010 68 67 19 2 --- 156 3.3% 

2011 32 51 17 --- --- 100 2.1% 

2012 39 60 17 1 --- 117 2.5% 

2013 25 46 19 2 --- 92 1.9% 

2014 13 32 15 1 --- 61 1.3% 

2015 9 25 5 2 --- 41 0.9% 

2016 15 11 6 4 --- 36 0.8% 

Total Plans 3,174 1,206 322 58 9 4,769 

Percent of Total 66.6% 25.3% 6.8% 1.2% 0.2% 100.0% 

Source: PBGC Fiscal Year Closing File

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

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.

Table S-6 

PBGC Trusteed Terminations (1975-2016) 

by Fiscal Year and Size of Claim 

Single-Employer Program

Size of Claim

Fiscal Year

2016 Data Tables
Less Than 

$1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million $1 Billion or More Total Claims 

Percent of 

Total 

1975 - 1979 $62,193,304 $89,626,004 $100,386,835 --- --- $252,206,144 0.5% 

1980 - 1984 80,296,905 191,956,080 470,455,491 --- --- 742,708,476 1.5% 

1985 - 1989 74,853,432 219,557,666 424,362,735 $982,945,158 --- 1,701,718,991 3.5% 

1990 - 1994 125,685,484 449,702,276 447,349,948 1,819,857,866 --- 2,842,595,574 5.8% 

1995 - 1999 94,471,553 307,763,075 380,579,908 --- --- 782,814,535 1.6% 

2000 - 2004 120,656,127 812,070,934 2,455,749,091 6,015,509,058 $5,396,777,176 14,800,762,386 30.2% 

2005 - 2009 92,635,482 798,859,175 2,199,853,648 4,483,666,080 13,793,304,443 21,368,318,827 43.6% 

2010 29,408,925 210,996,486 562,236,971 370,523,020 --- 1,173,165,402 2.4% 

2011 16,522,213 147,375,085 518,433,350 --- --- 682,330,648 1.4% 

2012 15,430,224 180,250,494 623,300,564 111,987,414 --- 930,968,696 1.9% 

2013 12,768,942 154,434,350 719,452,305 558,735,784 --- 1,445,391,382 2.9% 

2014 6,561,149 90,666,216 410,954,002 272,596,037 --- 780,777,404 1.6% 

2015 4,136,598 93,047,913 98,605,939 458,596,225 --- 654,386,675 1.3% 

2016 6,751,177 41,751,927 223,406,360 572,695,364 --- 844,604,828 1.7% 

Total $742,371,516 $3,788,057,679 $9,635,127,147 $15,647,112,006 $19,190,081,619 $49,002,749,967 

Percent of Total 1.5% 7.7% 19.7% 31.9% 39.2% 100.0% 

 

Source: PBGC Fiscal Year Closing File

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%.

Table S-7 

 PBGC Claims (1975-2016) 

by Fiscal Year and Size of Claim 

Single-Employer Program

Size of Claim 

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

Fiscal Year 

2016 Data Tables
Less Than 25% 25%-49% 50%-74% 75% or More Total Plans Percent of Total 

1975 - 1979 163 149 127 147 586 12.3% 

1980 - 1984 220 134 135 133 622 13.0% 

1985 - 1989 170 112 127 128 537 11.3% 

1990 - 1994 190 153 182 169 694 14.6% 

1995 - 1999 118 101 139 86 444 9.3% 

2000 - 2004 118 202 248 145 713 15.0% 

2005 - 2009 107 161 222 80 570 12.0% 

2010 32 43 74 7 156 3.3% 

2011 20 33 45 2 100 2.1% 

2012 30 57 27 3 117 2.5% 

2013 27 34 28 3 92 1.9% 

2014 12 19 26 4 61 1.3% 

2015 9 17 15 --- 41 0.9% 

2016 11 12 12 1 36 0.8% 

Total 1,227 1,227 1,407 908 4,769 

Percent of Total 25.7% 25.7% 29.5% 19.0% 100.0% 

Source: PBGC Fiscal Year Closing File

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

Funded Ratio

Fiscal Year

Table S-8 

PBGC Trusteed Plans (1975-2016) 

by Fiscal Year and Funded Ratio 

Single-Employer Program

2016 Data Tables
Less Than 25% 25%-49% 50%-74% 75% or More Total Claims Percent of 

Total 

1975 - 1979 $170,657,342 $54,478,604 $21,092,605 $5,977,592 $252,206,144 0.5% 

1980 - 1984 303,021,991 308,873,598 119,950,576 10,862,310 742,708,476 1.5% 

1985 - 1989 877,097,798 676,465,405 141,070,799 7,084,990 1,701,718,991 3.5% 

1990 - 1994 1,664,086,089 326,486,171 771,796,165 80,227,150 2,842,595,574 5.8% 

1995 - 1999 103,144,596 184,382,061 339,689,572 155,598,306 782,814,535 1.6% 

2000 - 2004 714,372,252 7,985,578,277 5,917,690,485 183,121,372 14,800,762,386 30.2% 

2005 - 2009 232,888,497 9,440,914,359 11,526,787,967 167,728,003 21,368,318,827 43.6% 

2010 56,597,936 289,033,185 826,285,484 1,248,796 1,173,165,402 2.4% 

2011 108,539,071 162,728,659 400,058,414 11,004,504 682,330,648 1.4% 

2012 45,208,212 650,157,627 219,689,035 15,913,822 930,968,696 1.9% 

2013 149,761,850 504,277,168 791,154,118 198,246 1,445,391,382 2.9% 

2014 28,103,665 137,316,810 582,693,127 32,663,801 780,777,404 1.6% 

2015 19,525,403 422,856,407 212,004,865 --- 654,386,675 1.3% 

2016 13,578,370 58,128,006 767,072,912 5,825,540 844,604,828 1.7% 

Total $4,486,583,072 $21,201,676,337 $22,637,036,124 $677,454,434 $49,002,749,967 

Percent of Total 9.2% 43.3% 46.2% 1.4% 100.0% 

Source: PBGC Fiscal Year Closing File

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%.

Fiscal Year 

Funded Ratio 

Table S-9 

PBGC Claims (1975-2016) 

by Fiscal Year and Funded Ratio 

Single-Employer Program

2016 Data Tables
Less Than 

$1 Million $1-$9 Million $10-$99 Million $100-$999 Million $1 Billion or More Totals Plans Percent of Total 

Less Than 25% 907 267 44 9 --- 1,227 25.7%

25%-49% 679 404 120 20 4 1,227 25.7%

50%-74% 774 455 144 29 5 1,407 29.5%

75% or More 814 80 14 --- --- 908 19.0%

Total 3,174 1,206 322 58 9 4,769 

Percent of Total 66.6% 25.3% 6.8% 1.2% 0.2% 100.0%

Source: PBGC Fiscal Year Closing File

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

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

Size of Claim

Funded Ratio

Table S-10 

PBGC Trusteed Plans (1975-2016) 

by Size of Claim and Funded Ratio 

Single-Employer Program

2016 Data Tables
Less Than 

$1 Million

$1-$9 

Million

$10-$99 

Million

$100-$999 

Million

$1 Billion

 or More Total Claims Percent of Total 

Less Than 25% $251,505,063 $713,289,705 $1,224,410,107 $2,297,378,198 --- $4,486,583,072 9.2% 

25% - 49% 199,091,967 1,357,217,198 4,011,923,515 6,163,208,812 9,470,234,844 21,201,676,337 43.3% 

50% - 74% 213,744,575 1,485,315,582 4,031,604,196 7,186,524,997 9,719,846,775 22,637,036,124 46.2% 

75% or More 78,029,910 232,235,194 367,189,330 --- --- 677,454,434 1.4% 

Total $742,371,516 $3,788,057,679 $9,635,127,147 $15,647,112,006 $19,190,081,619 $49,002,749,967 

Percent of Total 1.5% 7.7% 19.7% 31.9% 39.2% 100.0% 

Source: PBGC Fiscal Year Closing File

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%.

Funded Ratio

Size of Claim

Table S-11 

PBGC Claims (1975-2016) 

by Size of Claim and Funded Ratio 

Single-Employer Program

2016 Data Tables
Number of Plan 

Participants 

Vested 

Participants Plans 

Average 

Claim Per 

Participant 

Average 

Claim Per 

Participant 

(2016 Dollars) 

Fewer Than 100 102,041 2,815 $1,114,386,100 2.3% $10,921 $1,544,470,100 2.4% $15,136 

100-999 513,283 1,620 5,536,022,838 11.3% 10,786 7,867,764,136 12.3% 15,328 

1,000-4,999 526,384 259 8,414,481,558 17.2% 15,985 11,638,591,232 18.1% 22,110 

5,000-9,999 274,166 38 6,377,660,486 13.0% 23,262 8,405,182,739 13.1% 30,657 

10,000 or More 857,610 37 27,560,198,984 56.2% 32,136 34,741,111,378 54.1% 40,509 

Total 2,273,484 4,769 $49,002,749,967 100.0% $21,554 $64,197,119,585 100.0% $28,237 

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

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.

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%.

*Claims in 2016 dollars are calculated using Consumer Price Index - Urban Consumers.

Claims Claims* 

(2016 Dollars) 

Table S-12 

Average Claim per Vested Participant (1975-2016) 

by Plan Size 

Single-Employer Program

2016 Data Tables
Fewer 

Than 25 25-99 100-999 1,000-4,999 5,000-9,999 10,000 or More Total Plans Percent of Total 

1975-1979 193 223 159 11 --- --- 586 12.3% 

1980-1984 192 241 169 20 --- --- 622 13.0% 

1985-1989 156 201 161 14 4 1 537 11.3% 

1990-1994 157 253 259 21 1 3 694 14.6% 

1995-1999 98 164 147 31 3 1 444 9.3% 

2000-2004 115 196 312 61 17 12 713 15.0% 

2005-2009 115 156 219 57 5 18 570 12.0% 

2010 38 53 53 10 2 --- 156 3.3% 

2011 22 35 33 10 --- --- 100 2.1% 

2012 36 38 36 6 1 --- 117 2.5% 

2013 29 29 24 8 2 --- 92 1.9% 

2014 13 17 26 4 --- 1 61 1.3% 

2015 12 12 14 2 1 --- 41 0.9% 

2016 11 10 8 4 2 1 36 0.8% 

Total 1,187 1,628 1,620 259 38 37 4,769 

Percent of Total 24.9% 34.1% 34.0% 5.4% 0.8% 0.8% 100.0% 

Source: PBGC Fiscal Year Closing File

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%.

Number of Plan Participants 

Fiscal Year 

Table S-13 

PBGC Trusteed Plans (1975-2016) 

by Fiscal Year and Plan Size 

Single-Employer Program 

2016 Data Tables
Fewer Than 25 25-99 100-999 1,000-4,999 5,000-9,999 10,000 or More Total Claims Percent of Total 

1975-1979 $6,246,624 $20,790,881 $131,536,741 $93,631,897 --- --- $252,206,144 0.5% 

1980-1984 15,035,091 40,190,162 257,320,102 430,163,121 --- --- 742,708,476 1.5% 

1985-1989 8,553,517 42,641,404 307,011,427 360,567,484 $738,503,990 $244,441,168 1,701,718,991 3.5% 

1990-1994 15,759,225 72,912,208 562,142,008 883,782,003 62,798,863 1,245,201,267 2,842,595,574 5.8% 

1995-1999 14,384,359 64,119,880 291,527,452 281,353,421 102,443,025 28,986,398 782,814,535 1.6% 

2000-2004 22,619,910 130,976,589 1,304,883,788 2,373,964,242 3,045,986,954 7,922,330,903 14,800,762,386 30.2% 

2005-2009 50,847,026 140,236,844 996,944,416 1,694,387,672 747,461,106 17,738,441,763 21,368,318,827 43.6% 

2010 13,349,040 72,340,129 358,112,189 404,389,190 324,974,853 --- 1,173,165,402 2.4% 

2011 18,875,205 52,118,152 223,206,571 388,130,719 --- --- 682,330,648 1.4% 

2012 24,913,304 78,425,151 355,046,729 360,596,099 111,987,414 --- 930,968,696 1.9% 

2013 31,647,923 71,858,369 270,440,936 512,708,370 558,735,784 --- 1,445,391,382 2.9% 

2014 13,453,116 28,187,648 264,063,998 202,476,605 --- 272,596,037 780,777,404 1.6% 

2015 11,669,344 30,829,068 122,630,045 147,162,697 342,095,521 --- 654,386,675 1.3% 

2016 5,506,006 15,899,927 91,156,435 281,168,038 342,672,975 108,201,448 844,604,828 1.7% 

Total $252,859,689 $861,526,412 $5,536,022,838 $8,414,481,558 $6,377,660,486 $27,560,198,985 $49,002,749,967 

Percent of Total 0.5% 1.8% 11.3% 17.2% 13.0% 56.2% 100.0% 

Source: PBGC Fiscal Year Closing File

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%.

Number of Plan Participants 

Fiscal Year 

Table S-14 

PBGC Claims (1975-2016) 

by Fiscal Year and Plan Size 

Single-Employer Program

2016 Data Tables
Less Than 

$1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million $1 Billion or More Total Plans Percent of Total 

Fewer Than 25 1,128 59 --- --- --- 1,187 24.9% 

25-99 1,370 256 2 --- --- 1,628 34.1% 

100-999 663 822 135 --- --- 1,620 34.0% 

1,000-4,999 13 68 164 14 --- 259 5.4% 

5,000-9,999 --- 1 14 23 --- 38 0.8% 

10,000 or More --- --- 7 21 9 37 0.8% 

Total 3,174 1,206 322 58 9 4,769 

Percent of Total 66.6% 25.3% 6.8% 1.2% 0.2% 100.0% 

Source: PBGC Fiscal Year Closing File

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.

Number of Plan 

Participants 

Size of Claim 

Table S-15 

PBGC Trusteed Plans (1975-2016) 

by Size of Claim and Plan Size 

Single-Employer Program

2016 Data Tables
Less Than 

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

$1 Billion 

or More Total Claims Percent of 

Total 

Fewer Than 25 $153,053,815 $99,805,874 --- --- --- $252,859,689 0.5% 

25-99 329,423,093 507,791,859 $24,311,460 --- --- 861,526,412 1.8% 

100-999 253,477,517 2,841,053,447 2,441,491,874 --- --- 5,536,022,838 11.3% 

1,000-4,999 6,417,091 332,985,665 6,046,863,548 $2,028,215,254 --- 8,414,481,558 17.2% 

5,000-9,999 --- 6,420,835 782,574,767 5,588,664,884 --- 6,377,660,486 13.0% 

--- --- 339,885,498 8,030,231,868 $19,190,081,619 27,560,198,985 56.2% 

Total $742,371,516 $3,788,057,679 $9,635,127,147 $15,647,112,006 $19,190,081,619 $49,002,749,967 

Percent of Total 1.5% 7.7% 19.7% 31.9% 39.2% 100.0% 

Source: PBGC Fiscal Year Closing File

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%.

Number of 

Plan 

Participants

Size of Claim

Table S-16 

PBGC Claims (1975-2016) 

by Size of Claim and Plan Size 

Single-Employer Program

2016 Data Tables
Less Than 25% 25%-49% 50%-74% 75% or More

Fewer Than 25 457 250 207 273 1,187 24.9% 

25-99 462 433 427 306 1,628 34.1% 

100-999 269 438 630 283 1,620 34.0% 

1,000-4,999 34 80 106 39 259 5.4% 

5,000-9,999 4 15 16 3 38 0.8% 

10,000 or More 1 11 21 4 37 0.8% 

Total 1,227 1,227 1,407 908 4,769 

Percent of Total 25.7% 25.7% 29.5% 19.0% 100.0% 

Source: PBGC Fiscal Year Closing File

Funded Ratio Number of Plan 

Participants

Percent of 

Total Total Plans

Table S-17 

PBGC Trusteed Plans (1975-2016) 

by Funded Ratio and Plan Size 

Single-Employer Program

2016 Data Tables
Less Than 25% 25%-49% 50%-74% 75% or More Total Claims Percent of Total

Fewer Than 25 $142,420,893 $69,769,426 $36,424,467 $4,244,903 $252,859,689 0.5% 

25-99 313,647,715 314,025,152 212,907,341 20,946,204 861,526,412 1.8% 

100-999 852,298,313 2,037,775,431 2,409,685,273 236,263,821 5,536,022,838 11.3% 

1,000-4,999 1,572,139,992 3,253,540,700 3,417,610,933 171,189,933 8,414,481,558 17.2% 

5,000-9,999 826,538,771 2,800,491,908 2,621,466,848 129,162,959 6,377,660,486 13.0% 

10,000 or more 779,537,389 12,726,073,720 13,938,941,262 115,646,614 27,560,198,985 56.2% 

Total $4,486,583,073 $21,201,676,337 $22,637,036,124 $677,454,434 $49,002,749,967 

Percent of Total 9.2% 43.3% 46.2% 1.4% 100.0% 

Source: PBGC Fiscal Year Closing File

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.

Number of 

Plan 

Participants

Funded Ratio

Table S-18 

PBGC Claims (1975-2016) 

by Funded Ratio and Plan Size 

Single-Employer Program

2016 Data Tables
Industry

AGRICULTURE, MINING, AND CONSTRUCTION $767,250,858 1.6% 272 5.7% 46,885 2.1% 

MANUFACTURING 27,543,801,790 56.2% 2,820 59.1% 1,339,296 58.9% 

Chemical and Allied Products 313,134,174 0.6% 58 1.2% 16,879 0.7% 

Computer and Electronic Products 0 0.0% 0 0.0% 0 0.0% 

Electrical Equipment 128,748,015 0.3% 74 1.6% 14,066 0.6% 

Fabricated Metal Products 1,798,458,625 3.7% 666 14.0% 133,906 5.9% 

Food and Tobacco Products 486,514,838 1.0% 183 3.8% 53,111 2.3% 

Machinery Manufacturing 1,290,378,679 2.6% 289 6.1% 97,416 4.3% 

Motor Vehicle Equipment 5,463,974,496 11.2% 133 2.8% 129,239 5.7% 

Paper Manufacturing 292,858,380 0.6% 120 2.5% 23,191 1.0% 

Petroleum and Coal Products 59,755,395 0.1% 15 0.3% 5,637 0.2% 

Primary Metals 12,341,828,028 25.2% 351 7.4% 427,332 18.8% 

Other Manufacturing 5,368,151,161 11.0% 931 19.5% 438,519 19.3% 

TRANSPORTATION AND PUBLIC UTILITIES 14,450,272,146 29.5% 209 4.4% 379,331 16.7% 

Air Transportation 14,010,557,848 28.6% 44 0.9% 340,734 15.0% 

Other Transportation 438,215,981 0.9% 156 3.3% 38,230 1.7% 

Public Utilities 1,498,317 0.0% 9 0.2% 367 0.0% 

INFORMATION 438,085,810 0.9% 71 1.5% 21,124 0.9% 

WHOLESALE TRADE 585,027,026 1.2% 297 6.2% 44,407 2.0% 

RETAIL TRADE 1,041,729,542 2.1% 342 7.2% 175,099 7.7% 

FINANCE, INSURANCE, AND REAL ESTATE 1,098,166,511 2.2% 158 3.3% 84,758 3.7% 

SERVICES 2,893,690,918 5.9% 526 11.0% 175,445 7.7% 

Health Care 1,684,818,347 3.4% 165 3.5% 102,180 4.5% 

Other Services 1,208,872,571 2.5% 361 7.6% 73,265 3.2% 

NON-PROFIT ORGANIZATIONS 184,725,365 0.4% 74 1.6% 7,139 0.3% 

TOTAL $49,002,749,967 100.0% 4,769 100.0% 2,273,484 100.0% 

Source: PBGC Fiscal Year Closing File

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

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.

Total Claims Plans Vested Participants

Table S-19 

PBGC Claims by Industry (1975-2016) 

Single-Employer Program

2016 Data Tables
Total

(in millions)

Payees

in Year

(in thousands)

Average

Monthly

Payment

Median

Monthly

Payment Total

(in millions)

Payees

in Year

(in thousands)

Average

Payment

(per payee)

Total

(in millions)

Payees

in Year

(in thousands)

Deferred

Payees

(in 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 

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

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

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.

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.

Table S-20

PBGC Benefit Payments, Payees, and Deferred Payees (1980-2016)

Single-Employer Program

Fiscal

Year

Periodic Pension Payments Lump-Sum Payments All Payments

2016 Data Tables
Fiscal Year 

of Plan 

Termination

Average 

Monthly 

Pension

Median 

Monthly 

Pension

Deferred 

Payees

in 2016

(in thousands)

Prior to 1980 3,004 0.4% $4 0.1% $107 $84 1 

1980 to 1984 15,544 1.8% 37 0.7% 197 159 2 

1985 to 1989 27,571 3.3% 89 1.6% 265 196 4 

1990 to 1994 79,183 9.4% 320 5.7% 330 239 16 

1995 7,017 0.8% 26 0.5% 309 172 3 

1996 8,794 1.0% 25 0.4% 233 133 3 

1997 12,293 1.5% 42 0.7% 288 202 5 

1998 4,300 0.5% 14 0.3% 273 164 3 

1999 9,029 1.1% 28 0.5% 264 164 11 

2000 8,050 1.0% 24 0.4% 250 140 3 

2001 46,887 5.6% 267 4.7% 460 276 18 

2002 89,156 10.6% 490 8.7% 448 276 26 

2003 93,719 11.1% 808 14.3% 697 401 26 

2004 68,512 8.1% 344 6.1% 416 245 32 

2005 111,615 13.3% 1,086 19.2% 786 466 107 

2006 17,648 2.1% 251 4.4% 1,128 489 15 

2007 12,742 1.5% 56 1.0% 361 199 11 

2008 9,771 1.2% 48 0.8% 413 222 11 

2009 105,079 12.5% 1,065 18.8% 803 454 109 

2010 26,080 3.1% 141 2.5% 458 268 30 

2011 13,492 1.6% 78 1.4% 483 282 21 

2012 12,132 1.4% 73 1.3% 512 251 21 

2013 16,627 2.0% 126 2.2% 622 389 24 

2014 15,183 1.8% 64 1.1% 379 162 22 

2015 7,995 1.0% 38 0.7% 565 312 11 

2016 7,224 0.9% $13 0.2% 494 197 25 

Subtotal $828,647 98.5% $5,557 98.2% $535 $278 559 

 Recently 

Terminated Plans 

$12,865 1.5% $102 1.8% **   

Total $841,512 100.0% $5,659 100.0% **  ** 559 

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

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-21 

PBGC Payees and Benefit Payments by Date of Plan Termination (Fiscal Year 2016) 

Single-Employer Program

2016 Payees Benefit Payments in 2016

(in millions)

This table is developed primarily using data from PBGC’s Payment System (PPS). Some recently terminated plans are still in the process of being added to PPS. Because it’s 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.

2016 Data Tables
Number 

of Plan 

Participants

Average 

Monthly Pension 

Payment

Median 

Monthly Pension 

Payment

Fewer Than 100 23,430 2.8% $102 1.8% $352 $183 

100 - 499 89,687 10.7% 354 6.4% 319 190 

500 - 999 60,482 7.2% 264 4.8% 353 208 

1,000 - 4,999 190,014 22.7% 927 16.7% 394 230 

5,000 - 9,999 109,135 13.0% 723 13.0% 535 289 

10,000 - 24,999 160,722 19.2% 1,383 24.9% 695 298 

25,000 or More 203,940 24.4% 1,792 32.3% 710 518 

Total 837,410 100.0% $5,545 100.0% $535 $278 

This table is 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 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.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-22

PBGC Payees and Benefit Payments by Size of Trusteed Plan (Fiscal Year 2016)

Single-Employer Program

Periodic Payees Periodic Payments

(in millions)

2016 Data Tables
Average 

Monthly 

Pension

Average 

Monthly 

Pension

Average 

Monthly 

Pension

Younger Than 60 37,141 4.4% $384 19,131 4.0% $439 18,010 4.9% $326 

60 - 64 96,379 11.5% 522 57,375 12.1% 601 39,004 10.7% 406 

65 - 69 184,428 22.0% 571 109,935 23.3% 659 74,493 20.4% 443 

70 - 74 169,623 20.3% 589 101,718 21.5% 701 67,905 18.6% 421 

75 - 79 134,329 16.0% 580 79,239 16.8% 747 55,090 15.1% 339 

80 - 84 101,523 12.1% 527 55,359 11.7% 733 46,164 12.7% 280 

85 and Older 113,986 13.6% 412 50,014 10.6% 643 63,972 17.5% 232 

Total 837,410 100.0% $535 472,771 100.0% $674 364,638 100.0% $356 

This table is 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 and percentages may not add up to 100%.

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

Beginning in fiscal year 2014 the percentages displayed represent the proportion of each age group within each gender.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

The weights to calculate averages was updated for the 2016 data tables. 

Table S-23

Total PBGC Payees and Average Benefit Payments by Age and Gender (Fiscal Year 2016)

Single-Employer Program

Age

Total Payees Male Female

Periodic Payees Periodic Payees Periodic Payees

2016 Data Tables
Average 

Monthly 

Pension

Average 

Monthly 

Pension

Average 

Monthly 

Pension

Younger Than 60 27,050 4.0% $407 17,309 3.8% $454 9,741 4.3% $324 

60 - 64 82,320 12.1% 544 55,111 12.1% 607 27,209 12.1% 417 

65 - 69 161,430 23.7% 594 106,101 23.3% 662 55,329 24.6% 462 

70 - 74 144,740 21.3% 623 98,250 21.5% 706 46,490 20.7% 446 

75 - 79 109,146 16.0% 637 76,786 16.8% 756 32,360 14.4% 356 

80 - 84 77,381 11.4% 604 53,833 11.8% 743 23,548 10.5% 285 

85 and Older 78,747 11.6% 489 48,565 10.7% 654 30,182 13.4% 225 

Total 680,814 100.0% $583 455,955 100.0% $682 224,859 100.0% $382 

This table is 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 and percentages may not add up to 100%.

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

Beginning in fiscal year 2014 the percentages displayed represent the proportion of each age group within each gender.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

The weights to calculate averages was updated for the 2016 data tables. 

Table S-24

PBGC Retired Payees and Average Benefit Payments,

 by Age and Gender (Fiscal Year 2016)

Single-Employer Program 

Age

Total Retirees Male Female

Periodic Payees Periodic Payees Periodic Payees

2016 Data Tables
Average 

Monthly 

Pension

Average 

Monthly 

Pension

Average 

Monthly 

Pension

Younger Than 60 10,091 6.4% $324 1,822 10.8% $302 8,269 5.9% $328 

60 - 64 14,059 9.0% 394 2,264 13.5% 478 11,795 8.4% 378 

65 - 69 22,998 14.7% 416 3,834 22.8% 555 19,164 13.7% 388 

70 - 74 24,883 15.9% 389 3,468 20.6% 543 21,415 15.3% 364 

75 - 79 25,183 16.1% 331 2,453 14.6% 472 22,730 16.3% 316 

80 - 84 24,142 15.4% 280 1,526 9.1% 370 22,616 16.2% 274 

85 and Older 35,239 22.5% 240 1,449 8.6% 269 33,790 24.2% 239 

Total 156,596 100.0% $330 16,816 100.0% $461 139,780 100.0% $314 

This table is 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 and percentages may not add up to 100%.

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

Beginning in fiscal year 2014 the percentages displayed represent the proportion of each age group within each gender.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

The weights to calculate averages were updated for the 2016 data tables. 

Table S-25

PBGC Beneficiary Payees and Average Benefit Payments 

by Age and Gender (Fiscal Year 2016)

Single-Employer Program

Age

Total Beneficiaries Male Female

Periodic Payees Periodic Payees Periodic Payees

2016 Data Tables
Monthly Payment

Less Than $50 41,069 4.9% $17,505,066 0.3% 

$50 - $99 112,338 13.4% 105,286,965 1.9% 

$100 - $149 100,620 12.0% 151,571,376 2.7% 

$150 - $199 75,306 9.0% 159,753,118 2.9% 

$200 - $249 61,655 7.4% 168,985,337 3.0% 

$250 - $299 46,306 5.5% 155,406,074 2.8% 

$300 - $349 41,506 5.0% 164,664,867 3.0% 

$350 - $399 31,580 3.8% 144,859,401 2.6% 

$400 - $449 29,776 3.6% 154,607,322 2.8% 

$450 - $499 23,965 2.9% 139,396,952 2.5% 

$500 - $549 22,706 2.7% 146,008,963 2.6% 

$550 - $599 18,941 2.3% 133,658,692 2.4% 

$600 - $749 45,900 5.5% 378,596,013 6.8% 

$750 - $999 51,229 6.1% 547,962,326 9.9% 

$1,000 - $1,499 68,143 8.1% 1,046,456,073 18.9% 

$1,500 - $1,999 36,138 4.3% 772,538,236 13.9% 

$2,000 - $2,499 13,950 1.7% 385,656,189 7.0% 

$2,500 or More 16,281 1.9% 772,584,088 13.9% 

Total 837,410 100.0% $5,545,497,056 100.0% 

This table is 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 and percentages may not add up to 100%.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-26

Total PBGC Payees and Benefit Payments by Size of Monthly Payment (Fiscal Year 2016)

Single-Employer Program

Periodic Payees Periodic Payments

2016 Data Tables
Monthly Payment

Less Than $50 28,652 4.2% $12,419,819 0.3% 

$50 - $99 76,257 11.2% 70,894,198 1.4% 

$100 - $149 75,375 11.1% 114,656,929 2.3% 

$150 - $199 60,411 8.9% 128,881,390 2.6% 

$200 - $249 50,731 7.5% 139,248,646 2.8% 

$250 - $299 37,862 5.6% 127,489,068 2.6% 

$300 - $349 34,437 5.1% 137,018,273 2.8% 

$350 - $399 26,476 3.9% 121,754,870 2.5% 

$400 - $449 25,367 3.7% 132,211,673 2.7% 

$450 - $499 20,468 3.0% 119,275,552 2.4% 

$500 - $549 19,582 2.9% 126,314,126 2.6% 

$550 - $599 16,475 2.4% 116,498,689 2.4% 

$600 - $749 40,044 5.9% 330,962,097 6.7% 

$750 - $999 44,942 6.6% 481,849,838 9.8% 

$1,000 - $1,499 61,983 9.1% 955,179,571 19.4% 

$1,500 - $1,999 33,644 4.9% 720,056,696 14.6% 

$2,000 - $2,499 12,936 1.9% 358,249,899 7.3% 

$2,500 or More 15,172 2.2% 725,378,185 14.7% 

Total 680,814 100.0% $4,918,339,517 100.0% 

This table is 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 and percentages may not add up to 100%.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-27

PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (Fiscal Year 2016)

Single-Employer Program

Periodic Retirees Retiree Periodic Payments

2016 Data Tables
Monthly Payment

Less Than $50 12,417 7.9% $5,085,247 0.8% 

$50 - $99 36,081 23.0% 34,392,767 5.5% 

$100 - $149 25,245 16.1% 36,914,447 5.9% 

$150 - $199 14,895 9.5% 30,871,728 4.9% 

$200 - $249 10,924 7.0% 29,736,691 4.7% 

$250 - $299 8,444 5.4% 27,917,006 4.5% 

$300 - $349 7,069 4.5% 27,646,594 4.4% 

$350 - $399 5,104 3.3% 23,104,531 3.7% 

$400 - $449 4,409 2.8% 22,395,649 3.6% 

$450 - $499 3,497 2.2% 20,121,400 3.2% 

$500 - $549 3,124 2.0% 19,694,837 3.1% 

$550 - $599 2,466 1.6% 17,160,003 2.7% 

$600 - $749 5,856 3.7% 47,633,916 7.6% 

$750 - $999 6,287 4.0% 66,112,488 10.5% 

$1,000 - $1,499 6,160 3.9% 91,276,502 14.6% 

$1,500 - $1,999 2,494 1.6% 52,481,540 8.4% 

$2,000 - $2,499 1,014 0.6% 27,406,290 4.4% 

$2,500 or More 1,109 0.7% 47,205,903 7.5% 

Total 156,596 100.0% $627,157,539 100.0% 

This table is 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 and percentages may not add up to 100%.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-28

PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (Fiscal Year 2016)

Single-Employer Program

Periodic Beneficiaries Beneficiary Periodic Payments

2016 Data Tables
Industry

Mean 

Monthly 

Pension

Median 

Monthly 

Pension

AGRICULTURE, MINING, AND CONSTRUCTION 17,098 2.0% $92,581,940 1.7% $462 $270 

MANUFACTURING 528,184 63.1% 3,152,983,275 56.9% 494 255 

Apparel and Textile Mill Products 67,162 8.0% 158,705,607 2.9% 208 107 

Fabricated Metal Products 47,040 5.6% 195,202,444 3.5% 354 221 

Food and Tobacco Products 13,380 1.6% 42,131,830 0.8% 265 162 

Machinery and Computer Equipment 34,287 4.1% 172,752,169 3.1% 421 234 

Motor Vehicle Equipment 59,059 7.1% 767,911,475 13.8% 1,022 944 

Primary Metals 198,096 23.7% 1,318,712,619 23.8% 547 347 

Rubber and Miscellaneous Plastics 12,134 1.4% 45,294,331 0.8% 320 204 

Other Manufacturing 97,026 11.6% 452,272,801 8.2% 412 226 

TRANSPORTATION AND PUBLIC UTILITIES 156,702 18.7% 1,625,797,270 29.3% 846 486 

Air Transportation 145,903 17.4% 1,571,683,198 28.3% 877 513 

Other Transportation 10,749 1.3% 53,995,232 1.0% 424 210 

Public Utilities 50 * 118,840 * 197 152 

INFORMATION 6,048 0.7% 27,042,190 0.5% 386 213 

WHOLESALE TRADE 12,681 1.5% 55,126,631 1.0% 379 218 

RETAIL TRADE 41,296 4.9% 120,004,494 2.2% 292 166 

FINANCE, INSURANCE, AND REAL ESTATE 25,369 3.0% 184,411,713 3.3% 618 353 

SERVICES 48,251 5.8% 274,831,181 5.0% 503 269 

Health Care 29,274 3.5% 175,912,836 3.2% 508 298 

Other Services 18,977 2.3% 98,918,345 1.8% 486 223 

NON-PROFIT ORGANIZATIONS 1,781 0.2% 12,718,362 0.2% 634 343 

TOTAL 837,410 100.0% $5,545,497,056 100.0% $535 $278 

This table is based primarily on data provided by the PBGC’s Payment System (PPS).

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. 

*Less than 0.05 of one percent.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-29

PBGC Payees and Benefit Payments by Industry (Fiscal Year 2016)

 Single-Employer Program

Periodic Payees Periodic Payments

2016 Data Tables
Year

Total 

Insured 

Participants 

(in thousands)

In Plans with 

10,000 or more 

Participants (in 

thousands)

In Plans with 

5,000-9,999 

Participants 

(in thousands)

In Plans with 

1,000-4,999 

Participants 

(in thousands)

In Plans with 250-

999 Participants 

(in thousands)

In Plans with 100-

249 Participants 

(in thousands)

In Plans with 25-

99 Participants 

(in thousands)

In Plans with 

Fewer Than 25 

Participants 

(in thousands)

1980 27,518 12,044 2,833 5,776 3,852 1,436 1,064 513 

1985 29,809 12,724 3,164 6,579 4,032 1,585 1,164 561 

1990 31,633 14,336 3,351 6,989 4,064 1,429 1,023 441 

1995 32,634 16,934 3,771 6,908 3,136 1,062 625 198 

1996 32,724 17,076 3,843 6,896 3,128 1,005 591 185 

1997 33,214 18,046 3,787 6,767 3,008 919 527 160 

1998 33,545 18,568 3,905 6,719 2,883 847 476 147 

1999 33,804 19,591 3,869 6,355 2,662 776 422 130 

2000 34,108 20,337 3,738 6,225 2,569 733 387 119 

2001 34,342 21,100 3,661 6,045 2,408 673 346 110 

2002 34,248 21,573 3,537 5,846 2,263 605 322 102 

2003 34,407 21,947 3,609 5,682 2,164 593 310 100 

2004 34,523 22,378 3,603 5,491 2,083 565 304 100 

2005 34,232 22,293 3,607 5,373 2,013 550 297 98 

2006 33,933 22,143 3,705 5,196 1,974 530 289 96 

2007 33,892 22,149 3,756 5,149 1,929 523 289 97 

2008 33,888 22,251 3,703 5,164 1,888 504 282 96 

2009 33,833 22,452 3,637 5,105 1,800 480 266 93 

2010 33,447 22,555 3,504 4,903 1,689 452 254 89 

2011 33,388 22,811 3,447 4,752 1,617 434 241 85 

2012 32,516 22,313 3,417 4,566 1,499 407 233 82 

2013 31,900 21,913 3,353 4,468 1,468 393 225 80 

2014 30,926 21,231 3,275 4,366 1,409 370 205 71 

2015 29,830 20,389 3,274 4,174 1,356 358 203 76 

2016 28,630 19,523 3,099 4,079 1,307 341 198 80 

2017 27,510 18,838 2,941 3,885 1,246 319 196 85 

 

Source: PBGC Premium Filings

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

Table S-30 

PBGC-Insured Plan Participants (1980-2017) 

Single-Employer Program

2016 Data Tables
Year Total Insured 

Plans

Insured Plans with 

10,000 or more 

Participants

Insured Plans with 

5,000-9,999 

Participants

Insured Plans with 

1,000-4,999 

Participants

Insured Plans with 

250-999 

Participants 

Insured Plans with 

100-249 

Participants

Insured Plans with 

25-99 Participants

Insured Plans with 

Fewer Than 25 

Participants

1980 95,439 349 365 2,858 7,439 8,512 19,069 56,847 

1985 112,208 354 435 3,125 8,230 10,003 22,609 67,452 

1990 91,899 458 477 3,400 8,085 8,976 19,464 51,039 

1995 53,589 528 559 3,308 6,743 6,850 11,674 23,927 

1996 48,748 531 556 3,280 6,217 6,225 10,931 21,008 

1997 43,902 563 550 3,199 5,962 5,734 9,822 18,072 

1998 41,462 570 565 3,139 5,693 5,255 8,788 17,452 

1999 37,536 603 555 2,933 5,271 4,803 7,779 15,592 

2000 35,373 621 531 2,875 5,056 4,536 7,150 14,604 

2001 32,954 644 522 2,787 4,757 4,154 6,335 13,755 

2002 31,229 632 505 2,671 4,461 3,742 5,875 13,343 

2003 30,611 621 514 2,569 4,238 3,662 5,705 13,302 

2004 30,148 627 510 2,478 4,083 3,483 5,616 13,351 

2005 29,605 618 509 2,404 3,935 3,379 5,493 13,267 

2006 28,923 592 525 2,337 3,850 3,272 5,341 13,006 

2007 29,255 595 533 2,336 3,768 3,204 5,352 13,467 

2008 28,876 591 524 2,339 3,700 3,090 5,253 13,379 

2009 27,797 595 514 2,311 3,534 2,960 4,977 12,906 

2010 26,377 570 492 2,200 3,313 2,777 4,796 12,229 

2011 25,607 580 488 2,142 3,189 2,681 4,561 11,966 

2012 24,215 568 484 2,053 2,976 2,506 4,408 11,220 

2013 23,399 561 471 1,997 2,903 2,423 4,260 10,784 

2014 22,344 545 462 1,951 2,771 2,266 3,871 10,478 

2015 22,166 522 464 1,864 2,653 2,173 3,868 10,622 

2016 22,333 500 440 1,800 2,559 2,075 3,797 11,162 

2017 22,520 489 419 1,712 2,451 1,944 3,789 11,716 

Source: PBGC Premium Filings

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

Table S-31 

PBGC-Insured Plans (1980-2017) 

Single-Employer Program

2016 Data Tables
Year Active 

Participants

Retired 

Participants

Separated Vested 

Participants

1980 77.6% 16.0% 6.4% 

1985 72.2% 18.7% 9.1% 

1990 68.1% 19.4% 12.6% 

1995 57.8% 22.9% 19.3% 

1996 55.3% 23.0% 21.8% 

1997 54.7% 23.7% 21.5% 

1998 54.2% 23.8% 22.0% 

1999 53.7% 23.9% 22.4% 

2000 51.9% 24.4% 23.7% 

2001 51.3% 24.6% 24.1% 

2002 49.8% 25.2% 25.0% 

2003 48.6% 25.4% 26.0% 

2004 47.2% 26.1% 26.7% 

2005 45.7% 26.6% 27.6% 

2006 44.8% 27.1% 28.1% 

2007 43.5% 27.8% 28.7% 

2008 43.3% 28.0% 28.7% 

2009 40.2% 29.4% 30.4% 

2010 38.5% 30.9% 30.6% 

2011 37.8% 31.7% 30.5% 

2012 36.9% 33.3% 29.8% 

2013 36.9% 32.9% 30.2% 

2014 36.1% 35.3% 28.6% 

2015 35.7% 35.7% 28.6% 

 

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%. 

Source: Form 5500 Filings

Table S-32 

PBGC-Insured Plan Participants by Participant Status (1980-2015) 

Single-Employer Program

2016 Data Tables
Single-Employer Active 

Participants

Multiemployer Active 

Participants

Total PBGC-Insured 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 11.1% 3.6% 14.7% 

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% 

 

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

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

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

Private-Sector Wage and Salary 

Workers 

(in thousands)

Percentage of Private-Sector Wage and Salary Workers

Table S-33 

PBGC-Insured Active Participants 

as a Percent of Private-Sector Wage and Salary Workers 

(1980-2015)

Year

2016 Data Tables
Total 

Plans Hybrid Plans Percent 

Hybrid

Total 

Plans Hybrid Plans Percent 

Hybrid

Total 

Plans Hybrid Plans Percent 

Hybrid

Total 

Plans Hybrid Plans Percent 

Hybrid

2001 32,954 1,227 3.7% 1,166 256 22.0% 2,787 290 10.4% 29,001 681 2.3% 

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 30.3% 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 14.8% 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 10.5% 

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% 

 

Table S-34 

PBGC-Insured Hybrid Plans by Plan Size (2001-2015) 

Single-Employer Program

Beginning 

of Year

Source: Form 5500 Filings

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.

Total Insured Plans Insured Plans with 5,000 or More 

Participants

Insured Plans with 1,000-4,999 

Participants

Insured Plans with Fewer Than 

1,000 Participants

2016 Data Tables
Total Participants 

(in thousands )

Participants in 

Hybrid Plans 

(in thousands)

Percent 

Hybrid Total Participants 

(in thousands)

Participants in 

Hybrid Plans 

(in thousands)

Percent 

Hybrid Total Participants

(in thousands)

Participants in 

Hybrid Plans 

(in thousands)

Percent 

Hybrid Total Participants 

(in thousands)

Participants in 

Hybrid Plans 

(in thousands)

Percent 

Hybrid

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 34,407 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 11,602 34.3% 26,089 10,473 40.1% 5,105 896 17.5% 2,639 232 8.8% 

2010 33,447 12,490 37.3% 26,059 11,344 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 32,516 12,469 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 30,926 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% 

 

Table S-35 

PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2015) 

Single-Employer Program

Source: Form 5500 Filings

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.

Total Insured Plans Insured Plans with 5,000 or 

More Participants

Insured Plans with 1,000-4,999 

Participants

Insured Plans with Fewer Than 

1,000 Participants

Beginning

 of Year

2016 Data Tables
Total With 

Provision Hard-Frozen*

Accruals Continue, 

But Closed to New 

Entrants

Partially-Frozen and 

Closed to New 

Entrants**

Partially-Frozen and 

Open to New 

Entrants**

No Accrual or 

Participation 

Freeze

Total

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

 

Source: PBGC Premium Filings

*Hard-frozen plans are plans where no participants are receiving new benefit accruals.

**Includes plans where only service is frozen, or accruals are hard-frozen for some participants.

Table S-36 

PBGC-Insured Plans by Status of Benefit Accruals 

and Participation Freeze (2008-2015) 

Single-Employer Program

Number of Plans

Percent of Plans

Beginning of 

Plan Year

With Accrual or Participation Freeze Provision

2016 Data Tables
HardFrozen*

Accruals 

partially frozen 

and closed to 

new entrants**

Accruals 

partially frozen 

and open to 

new entrants**

Sub-Total 

(Active 

Participants in 

Frozen Plans)

Plan closed to 

new entrants

Plan open to 

new entrants

Sub Total (Active 

Participants in 

Non-Frozen 

Plans)

Total Active 

Participants

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 1,271 643 3,969 1,120 5,573 6,693 10,663 

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% 24.9% 11.5% 63.5% 75.1% 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% 11.9% 6.0% 37.2% 10.5% 52.3% 62.8% 100.0% 

 

Table S-37 

Active Participants in PBGC-Insured Plans by Status of Benefit 

Accruals and Whether a Plan is Open to New Entrants (2008-2015) 

Single-Employer Program

Complete or Partial Accrual Freeze

**Includes plans where only service is frozen, or accruals are hard-frozen for some participants.

Beginning of Plan 

Year

No Accrual Freeze

Number of Active Participants 

(in thousands)

Sources: PBGC Premium Filings and Form 5500 Filings

*Hard-frozen plans are plans where no participants are receiving new benefit accruals.

Percent of Active Participants

2016 Data Tables
Industry

AGRICULTURE, MINING, AND CONSTRUCTION 2,076 9.4% 514 1.7% $65 1.6% 

MANUFACTURING 4,647 21.0% 12,776 42.8% 1,979 48.0% 

Chemical and Allied Products 444 2.0% 1,562 5.2% 263 6.4% 

Computer and Electronic Products 173 0.8% 833 2.8% 146 3.5% 

Electrical Equipment 222 1.0% 1,179 4.0% 285 6.9% 

Fabricated Metal Products 725 3.3% 426 1.4% 65 1.6% 

Food, Beverage and Tobacco Products 456 2.1% 1,180 4.0% 101 2.5% 

Machinery Manufacturing 416 1.9% 698 2.3% 102 2.5% 

Motor Vehicle Equipment 212 1.0% 1,520 5.1% 268 6.5% 

Paper Manufacturing 162 0.7% 511 1.7% 81 2.0% 

Petroleum and Coal Products 89 0.4% 530 1.8% 44 1.1% 

Primary Metals 258 1.2% 425 1.4% 98 2.4% 

Other Manufacturing 1,490 6.7% 3,912 13.1% 526 12.8% 

TRANSPORTATION AND PUBLIC UTILITIES 804 3.6% 2,482 8.3% 442 10.7% 

Air Transportation 52 0.2% 604 2.0% 153 3.7% 

Other Transportation 446 2.0% 772 2.6% 101 2.4% 

Public Utilities 306 1.4% 1,106 3.7% 189 4.6% 

INFORMATION 592 2.7% 1,918 6.4% 288 7.0% 

WHOLESALE TRADE 1,738 7.8% 694 2.3% 92 2.2% 

RETAIL TRADE 1,045 4.7% 1,385 4.6% 144 3.5% 

FINANCE, INSURANCE, AND REAL ESTATE 3,912 17.6% 3,896 13.1% 321 7.8% 

SERVICES 6,689 30.2% 5,974 20.0% 752 18.2% 

Health Care 1,759 7.9% 3,029 10.2% 414 10.1% 

Other Services 4,930 22.2% 2,945 9.9% 337 8.2% 

NON-PROFIT ORGANIZATIONS 663 3.0% 191 0.6% 39 0.9% 

TOTAL 22,166 100.0% 29,830 100.0% $4,121 100.0% 

Source: PBGC Premium Filings

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. 

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

Table S-38 

PBGC-Insured Plans, Participants and Premiums by Industry (2015) 

Single-Employer Program

Premiums* 

(in millions)

Insured Participants 

(in thousands) Insured Plans

2016 Data Tables
Flat-Rate Premium Premium for Certain 

Terminated Plans

Rate per Participant

Rate per $1,000 

of Unfunded 

Vested Liabilities

Per-Participant Cap**

Rate per Participant

 (applicable for three

 years)

September 2, 1974 - December 31, 1977 $1.00 -- -- -- 

1978 - 1985 2.60 -- -- -- 

1986 - 1987 8.50 -- -- -- 

1988 - 1990 16 $6 $34 -- 

1991 - 1993 19 9 53 -- 

1994 - 1996 19 9 $53*** -- 

1997 - 2005 19 9 No cap -- 

2006 30 9 No cap $1,250 

2007 31 9 No cap 1,250 

2008 33 9 No cap 1,250 

2009 34 9 No cap 1,250 

2010 - 2012 35 9 No cap 1,250 

2013 42 9 400 1,250 

2014 49 14 412 1,250 

2015 57 24 418 1,250 

2016 64 30 500 1,250 

2017 69 34 517 1,250 

2018 $74 $38 $523 $1,250 

Table S-39 

PBGC's Historic Premium Rates (1974-2018)

Single-Employer Program

* For plan years beginning in 1990 – 2007, plans that satisfied specified criteria regarding contributions were exempt from the VRP.

** For plan years beginning after 2006, plans sponsored by small employers (generally fewer than 25 employees) qualify for an additional 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.

*** 1994 legislation provided for eliminating the VRP cap subject to a three-year transition period. During the transition, (i.e., for plan years beginning 7/1/94 – 6/30/1996), the VRP cap was $53 plus an 

variable amount based on the plan's funded status. Legislation re-establishing a cap on the VRP was enacted in 2012 and first applied to plan years beginning in 2013.

Plan Year(s) Beginning

Variable-Rate Premium*

2016 Data Tables
Year Total Premium 

(in millions)

1980 $71 100.0% --- --- --- --- $71 

1985 82 100.0% --- --- --- --- 82 

1990 509 77.2% $150 22.8% --- --- 659 

1995 587 70.0% 251 30.0% --- --- 838 

1996 600 52.4% 546 47.6% --- --- 1,146 

1997 646 60.5% 421 39.5% --- --- 1,067 

1998 642 66.5% 324 33.5% --- --- 966 

1999 611 67.7% 291 32.3% --- --- 902 

2000 661 81.9% 146 18.1% --- --- 807 

2001 674 82.1% 147 17.9% --- --- 821 

2002 654 83.1% 133 16.9% --- --- 787 

2003 647 68.2% 301 31.8% --- --- 948 

2004 654 44.9% 804 55.1% --- --- 1,458 

2005 664 45.8% 787 54.2% --- --- 1,451 

2006 892 61.9% 550 38.1% --- --- 1,442 

2007 1,057 71.6% 358 24.3% $61 4.1% 1,476 

2008 1,104 78.7% 241 17.2% 57 4.1% 1,402 

2009 1,126 61.8% 696 38.2% 0 0.0% 1,822 

2010 1,188 53.2% 1,043 46.8% 0 0.0% 2,231 

2011 1,143 55.2% 929 44.8% 0 0.0% 2,072 

2012 1,123 42.5% 1,495 56.6% 24 0.9% 2,642 

2013 1,274 43.3% 1,580 53.7% 88 3.0% 2,942 

2014 1,379 36.2% 2,439 64.0% -6 -0.2% 3,812 

2015 1,556 37.6% 2,565 62.0% 17 0.4% 4,138 

2016 1,744 27.3% 4,639 72.7% -4 -0.1% 6,379 

2017 $1,785 26.5% $4,948 73.4% $6 0.1% $6,739 

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

*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

Table S-40 

PBGC Premium Revenue (1980-2017) 

Single-Employer Program

Termination Premium, 

net of bad debt expense* 

(in millions)

Variable-Rate Premium 

(in millions)

Flat-Rate Premium 

(in millions)

2016 Data Tables
Number of Plan 

Participants

Fewer Than 100 $17 1.1% $21 0.8% $38 0.9% 

100 - 499 48 3.1% 93 3.6% 141 3.4% 

500 - 999 43 2.8% 88 3.4% 131 3.2% 

1,000 - 2,499 105 6.7% 213 8.3% 318 7.7% 

2,500 - 4,999 118 7.6% 207 8.1% 325 7.9% 

5,000 - 9,999 170 10.9% 291 11.3% 460 11.2% 

10,000 or more 1,055 67.8% 1,653 64.4% 2,708 65.7% 

Total $1,556 100.0% $2,565 100.0% $4,121 100.0% 

Percent of Total 

Sources: PBGC Premium Filings and Annual Report

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

"Percent of Total" represents the proportion of total premiums made up of the flat-rate and variable-rate premiums, respectively.

* Excludes termination premium revenues.

Table S-41 

PBGC Premium Revenue by Size of Plan and Type of Premium (2015) 

Single-Employer Program (in millions)

Flat-Rate Premium Variable-Rate Premium Total Premium*

37.8% 62.2% 100.0% 

2016 Data Tables
Variable-Rate Premium (VRP), 

Expressed on a Participant Basis Plans Percent of Plans 

Paying VRP

Percent of All 

Plans Participants Percent of Participants in 

Plans Paying VRP

Percent of All 

Participants

No Variable-Rate Premium Paid 11,411 --- 51.5% 12,426,454 --- 41.7% 

Total Variable-Rate Premium Payers 10,755 100.0% 48.5% 17,403,546 100.0% 58.3% 

$0.01 - $9.99 366 3.4% 1.7% 454,743 2.6% 1.5% 

$10.00 - $19.99 1,483 13.8% 6.7% 442,045 2.5% 1.5% 

$20.00 - $29.99 951 8.8% 4.3% 584,315 3.4% 2.0% 

$30.00 - $39.99 704 6.5% 3.2% 386,942 2.2% 1.3% 

$40.00 - $49.99 503 4.7% 2.3% 399,914 2.3% 1.3% 

$50.00 - $59.99 409 3.8% 1.8% 237,860 1.4% 0.8% 

$60.00 - $69.99 347 3.2% 1.6% 308,190 1.8% 1.0% 

$70.00 - $79.99 301 2.8% 1.4% 561,872 3.2% 1.9% 

$80.00 - $89.99 303 2.8% 1.4% 685,872 3.9% 2.3% 

$90.00 - $99.99 273 2.5% 1.2% 380,185 2.2% 1.3% 

$100.00 - $149.99 1,038 9.7% 4.7% 1,706,531 9.8% 5.7% 

$150.00 - $199.99 892 8.3% 4.0% 2,680,893 15.4% 9.0% 

$200.00 - $249.99 665 6.2% 3.0% 2,400,610 13.8% 8.0% 

$250.00 - $299.99 466 4.3% 2.1% 898,938 5.2% 3.0% 

$300.00 or More 2,054 19.1% 9.3% 5,274,636 30.3% 17.7% 

22,166 --- 100.0% 29,830,000 --- 100.0% 

Source: PBGC Premium Filings

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

Table S-42 

PBGC-Insured Plans and Participants by Variable Rate Premium Paid (2015) 

Single-Employer Program

2016 Data Tables
First 

Segment***

Second 

Segment***

Third 

Segment***

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% 

Source: PBGC Premium Filings

*Excludes plans paying PBGC Termination Premium.

** Interest rates for valuing vested benefits for PBGC variable-rate premium for plans with premium payment years beginning in January of the respective year.

*** 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 their variable-rate premiums. The first segment rate applies 

to benefits expected to be paid within five years, the second to benefits expected to be paid from five to twenty years in the future, and the third to benefits expected to be paid more than twenty years in the future. 

****Standard Method is shown for illustrative purposes. See PBGC.gov for a complete description of alternative methods.

Table S-43 

PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2015)* 

Single-Employer Program

Variable-Rate Premium Spot Rates** 

Standard Method**** Plan Year

Plans Paying 

Variable-Rate 

Premium

Participants in 

Plans Paying 

Variable-Rate 

Premium

Pre-PPA Single 

Discount Rate

2016 Data Tables
Beginning 

of Year

Assets 

(in millions)

Liabilities* 

(in millions) Funding Underfunding (in millions)

Overfunding 

(in millions)

PBGC Rate

1980 $259,810 $212,072 122.7% $20,156 $67,894 8.50% 

1985 500,673 308,617 162.2% 11,182 203,238 9.75% 

1990 837,131 604,047 138.6% 35,689 268,773 7.25% 

1991 848,251 687,896 123.3% 34,485 194,840 7.25% 

1992 915,722 771,421 118.7% 47,528 191,829 6.25% 

1993 951,972 844,803 112.7% 59,622 166,791 6.40% 

1994 1,001,129 936,698 106.9% 75,569 140,000 5.65% 

1995 1,032,503 887,730 116.3% 37,278 182,050 7.15% 

1996 1,198,221 1,134,194 105.6% 83,071 147,098 5.30% 

1997 1,368,188 1,192,222 115.0% 47,906 223,871 5.80% 

1998 1,491,488 1,284,725 116.1% 49,242 256,005 5.40% 

1999 1,692,755 1,455,469 116.3% 54,237 291,524 5.30% 

2000 1,836,184 1,271,347 144.4% 6,566 571,403 7.00% 

2001 1,714,534 1,374,416 124.7% 38,564 378,682 6.40% 

2002 1,444,777 1,435,558 100.6% 142,573 151,793 5.70% 

2003 1,372,490 1,620,607 84.7% 298,996 50,879 5.00% 

2004 1,590,057 1,860,514 85.5% 321,831 51,373 4.00% 

2005 1,728,856 1,946,593 88.8% 282,953 65,215 3.90% 

2006 1,840,181 1,910,563 96.3% 185,883 115,502 4.50% 

2007 2,006,652 1,930,465 103.9% 113,806 189,993 4.99% 

2008 2,035,275 1,889,057 107.7% 84,932 231,150 5.37% 

2009 1,561,308 1,945,001 80.3% 414,303 30,610 5.38% 

2010 1,784,273 2,204,591 80.9% 448,954 28,637 4.52% 

2011 2,019,906 2,377,262 85.0% 396,346 38,990 4.26% 

2012 2,050,785 2,858,971 71.7% 823,419 15,233 2.95% 

2013 2,166,151 2,908,473 74.5% 758,571 16,249 2.68% 

2014 2,285,984 2,642,397 86.5% 399,306 42,893 3.54% 

2015 $2,350,663 $2,979,124 78.9% $649,168 $20,708 2.46% 

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.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table 

was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 15.02 and 5.32 for 

non-annuitants and annuitant liability, respectively, were used in the calculation. Beginning with plan year 2012 these durations were updated. The new values are 14 and 9 for non-annuitants and annuitants, 

respectively. As a point of reference the underfunding for 2012 derived using the previous factors would be $720,178.

Sources: Form 5500 filings

Table S-44 

Funding of PBGC-Insured Plans (1980-2015) 

Single-Employer Program

2016 Data Tables
Beginning 

of Year

Assets 

(in millions)

Liabilities* 

(in millions)

Underfunding 

(in millions) Funding Ratio PBGC Rate

1980 $53,840 $73,996 $20,156 72.8% 8.50% 

1985 28,722 39,904 11,182 72.0% 9.75% 

1990 95,068 130,758 35,689 72.7% 7.25% 

1991 147,301 181,786 34,485 81.0% 7.25% 

1992 172,372 219,900 47,528 78.4% 6.25% 

1993 215,695 275,317 59,622 78.3% 6.40% 

1994 308,516 384,085 75,569 80.3% 5.65% 

1995 218,493 255,771 37,278 85.4% 7.15% 

1996 493,597 576,668 83,071 85.6% 5.30% 

1997 353,823 401,729 47,906 88.1% 5.80% 

1998 358,514 407,756 49,242 87.9% 5.40% 

1999 413,446 467,683 54,237 88.4% 5.30% 

2000 63,218 69,784 6,566 90.6% 7.00% 

2001 308,514 347,078 38,564 88.9% 6.40% 

2002 778,351 920,925 142,573 84.5% 5.70% 

2003 1,069,966 1,368,962 298,996 78.2% 5.00% 

2004 1,229,811 1,551,642 321,831 79.3% 4.00% 

2005 1,197,558 1,480,512 282,953 80.9% 3.90% 

2006 971,052 1,156,935 185,883 83.9% 4.50% 

2007 815,236 929,042 113,806 87.8% 4.99% 

2008 698,799 783,731 84,932 89.2% 5.37% 

2009 1,376,306 1,790,608 414,303 76.9% 5.38% 

2010 1,576,485 2,025,439 448,954 77.8% 4.52% 

2011 1,694,339 2,090,685 396,346 81.0% 4.26% 

2012 1,935,907 2,759,325 823,419 70.2% 2.95% 

2013 2,067,202 2,825,773 758,571 74.9% 2.68% 

2014 1,949,946 2,349,252 399,306 83.0% 3.54% 

2015 $2,179,429 $2,828,597 $649,168 77.0% 2.46% 

 

Sources: Form 5500 filings

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.

Table S-45 

Funding of Underfunded PBGC-Insured Plans (1980-2015) 

Single-Employer Program

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The 

assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan 

year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the calculation. 

2016 Data Tables
Beginning 

of Year

Assets 

(in millions)

Liabilities* 

(in millions)

Overfunding 

(in millions) Funding Ratio PBGC Rate

1980 $205,970 $138,076 $67,894 149.2% 8.50% 

1985 471,951 268,713 203,238 175.6% 9.75% 

1990 742,063 473,289 268,773 156.8% 7.25% 

1991 700,950 506,110 194,840 138.5% 7.25% 

1992 743,350 551,520 191,829 134.8% 6.25% 

1993 736,277 569,486 166,791 129.3% 6.40% 

1994 692,613 552,613 140,000 125.3% 5.65% 

1995 814,009 631,959 182,050 128.8% 7.15% 

1996 704,624 557,526 147,098 126.4% 5.30% 

1997 1,014,365 790,494 223,871 128.3% 5.80% 

1998 1,132,974 876,969 256,005 129.2% 5.40% 

1999 1,279,309 987,785 291,524 129.5% 5.30% 

2000 1,772,966 1,201,563 571,403 147.6% 7.00% 

2001 1,406,020 1,027,338 378,682 136.9% 6.40% 

2002 666,426 514,633 151,793 129.5% 5.70% 

2003 302,524 251,645 50,879 120.2% 5.00% 

2004 360,246 308,872 51,373 116.6% 4.00% 

2005 531,297 466,082 65,215 114.0% 3.90% 

2006 869,129 753,627 115,502 115.3% 4.50% 

2007 1,191,416 1,001,423 189,993 119.0% 4.99% 

2008 1,336,476 1,105,326 231,150 120.9% 5.37% 

2009 185,002 154,393 30,610 119.8% 5.38% 

2010 207,789 179,152 28,637 116.0% 4.52% 

2011 325,567 286,577 38,990 113.6% 4.26% 

 2012** 114,878 99,646 15,233 115.3% 2.95% 

2013 98,949 82,700 16,249 119.6% 2.68% 

2014 336,038 293,145 42,893 114.6% 3.54% 

2015 $171,234 $150,526 $20,708 113.8% 2.46% 

 

Sources: Form 5500 filings

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.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed 

mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. 

Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the calculation. Beginning in plan year 2012 these durations were updated. 

The new values are 14 and 9 for non-annuitants and annuitants, respectively. 

Table S-46 

Funding of Overfunded PBGC-Insured Plans (1980-2015) 

Single-Employer Program

2016 Data Tables
Beginning 

of Year

Total 

Underfunding

(in millions)

1990 $35,689 $14,119 39.6% $6,487 18.2% $15,083 42.3% 

1991 34,485 14,067 40.8% 6,884 20.0% 13,534 39.2% 

1992 47,528 21,610 45.5% 7,818 16.4% 18,100 38.1% 

1993 59,622 25,894 43.4% 9,337 15.7% 24,392 40.9% 

1994 75,569 28,658 37.9% 10,310 13.6% 36,601 48.4% 

1995 37,278 6,535 17.5% 7,921 21.2% 22,822 61.2% 

1996 83,071 13,850 16.7% 16,410 19.8% 52,810 63.6% 

1997 47,906 7,751 16.2% 8,473 17.7% 31,682 66.1% 

1998 49,242 14,432 29.3% 6,942 14.1% 27,868 56.6% 

1999 54,237 11,500 21.2% 9,018 16.6% 33,719 62.2% 

2000 6,566 1,631 24.8% 1,077 16.4% 3,858 58.8% 

2001 38,564 12,776 33.1% 7,254 18.8% 18,534 48.1% 

2002 142,573 33,691 23.6% 25,933 18.2% 82,949 58.2% 

2003 298,996 34,922 11.7% 59,169 19.8% 204,905 68.5% 

2004 321,831 34,899 10.8% 62,414 19.4% 224,517 69.8% 

2005 282,953 29,255 10.3% 50,825 18.0% 202,874 71.7% 

2006 185,883 23,881 12.8% 31,663 17.0% 130,339 70.1% 

2007 113,805 16,621 14.6% 20,358 17.9% 76,827 67.5% 

2008 84,932 19,242 22.7% 15,397 18.1% 50,293 59.2% 

2009 414,303 55,607 13.4% 76,158 18.4% 282,538 68.2% 

2010 448,953 63,561 14.2% 79,670 17.7% 305,723 68.1% 

2011 396,346 59,146 14.9% 67,937 17.1% 269,263 67.9% 

2012 823,419 126,148 15.3% 148,347 18.0% 548,924 66.7% 

2013 758,571 113,523 15.0% 143,041 18.9% 502,007 66.2% 

2014 399,306 67,242 16.8% 76,984 19.3% 255,081 63.9% 

2015 $649,168 $107,630 16.6% $127,262 19.6% $414,276 63.8% 

 

Source: Form 5500 filings

Table S-47 

Concentration of Underfunding in PBGC-Insured Plans (1990-2015) 

Single-Employer Program

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.

All Other Plans' 

Underfunding 

(in millions)

Next 40 Plans' Underfunding 

(in millions)

10 Plans With the Highest 

Underfunding 

(in millions)

2016 Data Tables
Funding Ratio

Less Than 40% 191 0.9% 181 0.6% $29,973 1.0% $20,054 3.1% --- --- 

40% - 49% 526 2.4% 53 0.2% 3,385 0.1% 1,829 0.3% --- --- 

50% - 59% 2,756 12.4% 1,335 4.5% 99,495 3.3% 43,257 6.7% --- --- 

60% - 69% 6,179 27.9% 6,154 20.6% 552,593 18.5% 185,601 28.6% --- --- 

70% - 79% 4,990 22.5% 10,101 33.9% 1,019,719 34.2% 255,128 39.3% --- --- 

80% - 89% 2,646 11.9% 7,467 25.0% 788,139 26.5% 125,490 19.3% --- --- 

90% - 99% 1,157 5.2% 3,040 10.2% 335,294 11.3% 17,810 2.7% --- --- 

100% - 109% 2,136 9.6% 918 3.1% 93,045 3.1% --- --- $2,929 14.1% 

110% - 119% 320 1.4% 251 0.8% 28,851 1.0% --- --- 4,335 20.9% 

120% - 129% 169 0.8% 119 0.4% 10,104 0.3% --- --- 2,664 12.9% 

130% - 139% 150 0.7% 55 0.2% 9,698 0.3% --- --- 3,707 17.9% 

140% - 149% 103 0.5% 69 0.2% 3,519 0.1% --- --- 1,545 7.5% 

150% or More 843 3.8% 87 0.3% 5,310 0.2% --- --- 5,528 26.7% 

Total 22,166 100.0% 29,830 100.0% $2,979,124 100.0% $649,168 100.0% $20,708 100.0% 

Underfunded 18,445 83.2% 28,331 95.0% $2,828,597 94.9% $649,168 100.0% --- --- 

Overfunded 3,721 16.8% 1,499 5.0% $150,526 5.1% --- --- $20,708 100.0% 

Source: Form 5500 filings

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.

Table S-48 

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2015) 

Single-Employer Program

Plans

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 

1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the 

calculation. For plan year 2012 these durations were updated. The new values are 14 and 9 for non-annuitants and annuitants, respectively. 

Overfunding 

(in millions)

Underfunding 

(in millions)

Total Liabilities* 

(in millions)

Participants 

(in thousands)

2016 Data Tables
(A) 

Form 5500 Filings

(in billions)

(B) 

Variable-Rate Premium

(in billions)

(C)

Reasonably Possible

(in billions)

(D) 

Total in PBGC-Insured Plans

(in billions)

$47.53 $31.67 $12.36 $74.00 

59.62 31.67 13.06 84.20

75.57 34.11 18.23 109.30

37.28 27.89 14.56 61.70

83.07 60.67 22.47 94.50

47.91 46.78 20.73 99.60

49.24 36.00 15.38 87.80

54.24 32.33 17.50 104.70

6.57 16.22 3.79 22.80

38.56 16.33 9.54 39.40

142.57 14.78 34.10 163.90

299.00 33.44 83.92 419.70

321.83 89.33 95.67 452.10

282.95 87.44 108.04 431.80

185.88 61.11 73.30 313.80

114.65 39.78 65.67 225.10

84.93 26.78 46.73 150.00

414.16 77.33 167.86 478.90

448.95 115.90 169.74 514.06

396.35 103.22 227.12 462.80

823.42 166.11 294.63 903.48

758.57 190.88 292.21 831.72

399.30 161.45 167.11 452.94 

$649.17 186.63 217.70 $712.56 

--- $234.37 $223.28 --- 

 

Definitions:

 (A)

(B)

(C) Underfunding for plan sponsors with less than investment-grade bond ratings. Underfunding is based on estimated vested benefits.

(D) Estimated total liabilities are based on all plan liabilities, whether vested or not. The same adjustment that is applied to and described in the footnote for the group labeled (A) is applied to this grou

 

Only (A) and (B) represent the universe of PBGC-insured plans. Firms and plans included in the column (C) totals may differ from year to year.

See "Underfunding Measures in Table S-47" in the Pension Insurance Data Book 2005, pp 16-23, for a further explanation of these measures.

2013 

2014 

2015 

2016 

2003 

2004 

2005 

2006 

2007 

2008 

2009 

2010 

2011 

2012 

Table S-49 

Various Measures of Underfunding in PBGC-Insured Plans (1992-2016) 

Single-Employer Program

Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values 

are 14 and 9 for non-annuitants and annuitants, respectively. As a point of reference the underfunding for 2012 derived using the previous factors would be $720,178 for subgroup (A) and $803,637 for 

subgroup (D). 

Underfunding calculated from Internal Revenue Service Form 5500 Series Filings. Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the 

cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-

1 of the Income Tax Regulations for 2007 and later. Funding information from PBGC premium filings was used in 2008 whenever Form 5500 data was not available. Vested liabilities are used as a 

proxy for PBGC-guaranteed benefits.

Underfunding data from PBGC premium filings used to calculate the variable-rate premium. Underfunding is based on vested benefits.

1992 

Year

1993 

1994 

1995 

1996 

1997 

1998 

1999 

2000 

2001 

2002 

2016 Data Tables
Industry Average 

Funding Ratio

AGRICULTURE, MINING, AND CONSTRUCTION 74.9% $37,486 1.3% $9,558 1.5% $159 0.8% 

MANUFACTURING 78.8% 1,390,752 46.7% 301,649 46.5% 6,479 31.3% 

Chemical and Allied Products 79.1% 189,969 6.4% 40,662 6.3% 971 4.7% 

Computer and Electronic Products 82.3% 90,078 3.0% 19,072 2.9% 3,101 15.0% 

Electrical Equipment 72.6% 137,754 4.6% 37,808 5.8% 5 0.0% 

Fabricated Metal Products 74.7% 32,040 1.1% 8,275 1.3% 156 0.8% 

Food, Beverage and Tobacco Products 83.6% 102,191 3.4% 17,031 2.6% 241 1.2% 

Machinery Manufacturing 79.7% 61,407 2.1% 12,572 1.9% 80 0.4% 

Motor Vehicle Equipment 80.3% 197,398 6.6% 39,034 6.0% 175 0.8% 

Paper Manufacturing 75.7% 40,991 1.4% 10,055 1.5% 80 0.4% 

Petroleum and Coal Products 78.6% 78,645 2.6% 16,863 2.6% 32 0.2% 

Primary Metals 71.5% 43,753 1.5% 12,514 1.9% 24 0.1% 

Other Manufacturing 79.3% 416,526 14.0% 87,763 13.5% 1,614 7.8% 

TRANSPORTATION AND PUBLIC UTILITIES 74.0% 355,883 11.9% 93,357 14.4% 830 4.0% 

Air Transportation 56.2% 84,188 2.8% 36,960 5.7% 65 0.3% 

Other Transportation 78.4% 62,285 2.1% 13,630 2.1% 159 0.8% 

Public Utilities 79.9% 209,411 7.0% 42,767 6.6% 606 2.9% 

INFORMATION 77.2% 196,255 6.6% 45,587 7.0% 889 4.3% 

WHOLESALE TRADE 77.7% 49,042 1.6% 11,793 1.8% 851 4.1% 

RETAIL TRADE 75.1% 48,266 1.6% 12,027 1.9% 31 0.1% 

FINANCE, INSURANCE AND REAL ESTATE 87.9% 341,404 11.5% 49,967 7.7% 8,725 42.1% 

SERVICES 78.3% 534,940 18.0% 118,726 18.3% 2,664 12.9% 

Health Care 73.2% 202,961 6.8% 54,459 8.4% 140 0.7% 

Other Services 81.4% 331,979 11.1% 64,267 9.9% 2,524 12.2% 

NON-PROFIT ORGANIZATIONS 74.4% 25,095 0.8% 6,504 1.0% 80 0.4% 

TOTAL 78.9% $2,979,124 100.0% $649,168 100.0% $20,708 100.0% 

Sources: Form 5500 filings

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. 

Table S-50 

Funding of PBGC-Insured Plans by Industry (2015) 

Single-Employer Program

Overfunding 

(in millions)

Underfunding 

(in millions)

Total Liabilities* 

(in millions)

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-

1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, 

respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values are 14 and 9 for non-annuitants and annuitants, respectively.

2016 Data Tables
Assets 

(in millions)

Liabilities* 

(in millions)

Overfunding 

(in millions)

Assets 

(in millions)

Liabilities* 

(in millions)

Underfunding 

(in millions)

Assets 

(in millions)

Liabilities* 

(in millions)

NEW ENGLAND $5,836 $4,776 $1,060 $210,645 $280,850 $70,206 $216,480 $285,626 

Connecticut 623 569 53 131,606 177,788 46,182 132,228 178,357 

Maine 222 119 103 3,833 5,131 1,298 4,055 5,250 

Massachusetts 895 712 182 61,491 80,366 18,875 62,386 81,079 

New Hampshire 68 57 11 2,689 3,726 1,036 2,757 3,782 

Rhode Island 3,932 3,235 697 9,762 12,192 2,430 13,694 15,428 

Vermont 96 83 14 1,263 1,647 384 1,359 1,730 

MID-ATLANTIC 76,689 66,381 10,308 650,444 832,172 181,728 727,133 898,552 

Delaware 25 14 11 19,545 28,196 8,652 19,570 28,210 

District of Columbia 173 153 20 15,326 20,405 5,079 15,499 20,558 

Maryland 760 481 279 48,534 67,790 19,256 49,294 68,270 

New Jersey 54,546 48,790 5,756 153,947 194,417 40,470 208,492 243,206 

New York 9,214 8,356 858 222,946 268,763 45,817 232,160 277,118 

Pennsylvania 2,000 1,759 241 104,107 139,075 34,968 106,108 140,835 

Virginia 9,835 6,698 3,137 84,557 111,411 26,855 94,391 118,109 

West Virginia 138 131 7 1,482 2,115 633 1,620 2,246 

SOUTHEAST 15,170 12,298 2,872 284,253 383,126 98,873 299,423 395,423 

Alabama 806 688 118 5,625 7,149 1,524 6,431 7,837 

Arkansas 56 36 20 3,913 5,035 1,122 3,970 5,071 

Florida 4,317 3,632 685 21,092 28,854 7,763 25,409 32,487 

Georgia 292 261 30 94,389 136,450 42,061 94,681 136,711 

Kentucky 230 186 44 6,827 8,833 2,006 7,057 9,019 

Louisiana 123 95 29 20,656 28,092 7,437 20,779 28,187 

Mississippi 177 172 5 2,140 2,775 634 2,317 2,947 

North Carolina 8,081 6,442 1,639 61,397 73,080 11,683 69,478 79,522 

South Carolina 252 187 65 12,921 17,796 4,876 13,172 17,983 

Tennessee 836 598 237 55,294 75,062 19,768 56,129 75,660 

GREAT LAKES 40,888 38,895 1,994 521,496 666,302 144,806 562,384 705,196 

Illinois 28,638 27,613 1,025 128,694 169,203 40,509 157,332 196,816 

Indiana 580 504 76 21,732 26,582 4,850 22,311 27,086 

Michigan 397 367 30 184,471 234,847 50,375 184,869 235,214 

Minnesota 2,907 2,727 180 63,915 77,304 13,389 66,822 80,031 

Ohio 6,118 5,606 513 80,265 106,482 26,217 86,384 112,088 

Wisconsin $2,248 $2,078 $170 $42,419 $51,884 $9,465 $44,667 $53,962 

Sources: Form 5500 filings

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

Funding data is reported by state or country of plan administration.

Table S-51 (1/2) 

Pension Funding Data for PBGC-Insured Plans by Region and State (2015) 

Single-Employer Program

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, 

and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 

these durations were updated. The new values are 14 and 9 for non-annuitants and annuitants, respectively.

Region / State

Overfunded Underfunded Total

2016 Data Tables
Assets 

(in millions)

Liabilities* 

(in millions)

Overfunding 

(in millions)

Assets 

(in millions)

Liabilities* 

(in millions)

Underfunding 

(in millions)

Assets 

(in millions)

Liabilities* 

(in millions)

MIDWEST $7,809 $7,137 $671 $53,406 $72,467 $19,061 $61,215 $79,604 

Iowa 417 390 27 12,100 16,235 4,135 12,517 16,625 

Kansas 2,064 1,834 230 6,752 10,266 3,515 8,816 12,101 

Missouri 1,454 1,208 246 28,669 38,181 9,512 30,122 39,389 

Nebraska 3,860 3,694 166 4,048 5,280 1,232 7,908 8,975 

North Dakota 13 10 3 1,141 1,551 410 1,154 1,561 

South Dakota 0 0 0 697 955 258 697 955 

SOUTHWEST 10,036 8,108 1,928 213,893 275,555 61,662 223,929 283,664 

Arizona 518 383 135 10,386 13,905 3,519 10,903 14,288 

New Mexico 55 50 6 10,331 12,573 2,242 10,386 12,622 

Oklahoma 25 18 7 4,956 6,654 1,698 4,981 6,672 

Texas 9,438 7,657 1,781 188,220 242,424 54,203 197,658 250,081 

ROCKY MOUNTAIN 1,014 954 60 22,780 28,972 6,192 23,794 29,925 

Colorado 48 39 9 7,605 10,156 2,551 7,652 10,195 

Idaho 18 13 6 2,605 3,509 904 2,623 3,521 

Montana 3 2 1 782 1,074 292 785 1,076 

Nevada 8 5 3 2,287 3,016 729 2,295 3,021 

Utah 934 893 41 9,368 11,038 1,670 10,302 11,931 

Wyoming 3 2 1 133 178 45 136 180 

PACIFIC 13,543 11,765 1,778 218,032 282,797 64,765 231,576 294,563 

Alaska 190 169 22 371 581 210 562 750 

California 7,646 6,420 1,226 131,027 169,712 38,685 138,672 176,132 

Hawaii 354 319 34 3,657 5,382 1,725 4,010 5,701 

Oregon 105 73 33 9,673 13,034 3,361 9,778 13,106 

Washington 5,248 4,785 464 73,306 94,089 20,783 78,554 98,873 

U.S. TERRITORIES 12 11 1 3,404 4,891 1,487 3,416 4,902 

Puerto Rico 12 11 1 3,215 4,648 1,433 3,227 4,659 

Virgin Islands --- --- --- 184 235 52 184 235 

Other --- --- --- 5 7 2 5 7 

FOREIGN COUNTRIES 237 203 34 1,077 1,466 389 1,314 1,669 

TOTAL $171,234 $150,526 $20,708 $2,179,429 $2,828,597 $649,168 $2,350,663 $2,979,124 

Sources: Form 5500 filings

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

Funding data is reported by state or country of plan administration.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, 

and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 15.02 and 5.32 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 

2012 these durations were updated. The new values are 14 and 9 for non-annuitants and annuitants, respectively.

Table S-51 (2/2) 

Pension Funding Data for PBGC-Insured Plans by Region and State (2015) 

Single-Employer Program

Region / State

Overfunded Underfunded Total

2016 Data Tables
Plans Claims Plans Participants Payees Payments

Mean Monthly 

Pension

NEW ENGLAND 511 $1,430,762,988 1,347 1,990,056 39,032 $241,531,840 $517 

Connecticut 151 240,024,690 495 989,032 8,809 47,667,230 461 

Maine 21 130,554,585 50 48,661 3,478 23,148,921 550 

Massachusetts 249 861,750,523 602 778,928 17,437 114,344,589 549 

New Hampshire 32 65,619,943 65 28,394 5,268 35,120,549 543 

Rhode Island 48 118,331,902 85 133,120 2,191 12,008,076 468 

Vermont 10 14,481,345 50 11,921 1,849 9,242,475 417 

MID-ATLANTIC 1,540 14,912,322,147 6,522 10,004,344 203,120 1,279,552,375 522 

Delaware 19 52,045,413 64 132,563 2,112 14,008,135 562 

District of Columbia 63 180,641,905 187 798,624 481 3,077,250 528 

Maryland 76 168,488,391 448 1,124,007 16,395 133,412,965 657 

New Jersey 267 924,017,798 1,135 1,694,602 21,371 121,695,247 514 

 New York 553 3,650,491,322 2,970 3,543,556 48,955 332,349,480 563 

Pennsylvania 439 6,085,714,887 1,196 1,684,995 77,363 470,818,418 498 

Virginia 72 3,049,015,783 429 987,788 21,355 108,216,663 416 

West Virginia 51 801,906,649 93 38,209 15,088 95,974,217 518 

SOUTHEAST 494 5,790,063,283 2,738 3,431,564 218,327 1,230,279,431 466 

Alabama 35 217,823,533 168 93,989 20,949 100,175,101 434 

Arkansas 23 45,823,816 76 25,596 4,325 17,881,048 349 

Florida 120 1,146,231,467 851 348,453 57,177 422,051,060 598 

Georgia 83 2,405,437,069 476 1,205,125 30,009 180,581,683 490 

Kentucky 33 122,301,544 197 134,249 9,788 43,340,360 382 

Louisiana 26 82,662,272 135 153,347 6,057 31,704,842 432 

Mississippi 14 78,434,779 84 27,029 7,511 42,688,357 456 

North Carolina 62 516,881,492 361 737,732 41,477 197,703,825 397 

South Carolina 26 171,448,652 150 102,342 19,592 87,678,871 375 

Tennessee 72 1,003,018,659 240 603,702 21,442 106,474,284 409 

GREAT LAKES 1,417 22,368,467,128 4,278 6,948,458 223,549 1,698,161,850 614 

Illinois 342 9,269,677,290 1,215 2,634,077 42,035 309,038,373 601 

Indiana 133 1,549,961,566 331 328,756 31,418 293,599,912 748 

Michigan 378 6,181,522,039 728 1,378,919 47,179 397,657,391 674 

Minnesota 47 197,358,434 409 1,016,055 8,899 57,884,939 532 

Ohio 419 4,787,376,658 1,207 1,171,844 81,423 563,794,181 560 

Wisconsin 98 $382,571,141 388 418,807 12,595 $76,187,054 $500 

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.

*Claims and plan coverage data by state of plan administration; benefits and participant coverage data by state of payee residence.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table S-52

PBGC Pension Data by Region and State*

Single-Employer Program

Region / State

Claims

1975-2016

Coverage 

2016

Benefits Paid 

2016

Sources: PBGC Fiscal Year Closing File, 2012 update of the Retirement Expectations and Pension Plan Coverage Topic Module (Wave 11) of the 2008 Survey of Income and Program Participation 

(SIPP) , PBGC Case Management System, PBGC Premium Filings, PBGC Participant System (PRISM), and fiscal year calculations.

2016 Data Tables
Plans Claims Plans Participants Payees Payments

Mean Monthly 

Pension

MIDWEST 174 $1,275,670,191 784 852,434 29,058 $160,414,113 $453 

Iowa 60 141,958,099 189 132,981 6,018 18,253,759 259 

Kansas 15 384,570,400 107 180,813 5,352 45,915,729 671 

Missouri 87 736,799,471 325 451,777 15,298 83,915,251 452 

Nebraska 10 11,970,279 96 69,085 1,623 7,297,385 383 

North Dakota 1 119,183 41 7,213 135 516,454 315 

South Dakota 1 252,760 26 10,565 632 4,515,535 597 

SOUTHWEST 207 1,612,896,264 1,638 1,737,543 40,285 277,450,315 564 

Arizona 32 25,522,155 328 143,204 10,436 85,627,784 663 

New Mexico 9 26,006,083 58 26,643 2,042 12,344,667 497 

Oklahoma 24 51,908,753 121 65,712 4,132 21,107,466 429 

Texas 142 1,509,459,274 1,131 1,501,984 23,675 158,370,398 551 

ROCKY MOUNTAI N 60 302,246,291 625 491,426 20,643 195,312,100 763 

Colorado 21 207,130,693 279 194,290 10,119 103,885,640 827 

Idaho 8 12,748,590 58 55,158 2,091 14,820,460 580 

Montana 5 3,822,039 40 5,756 663 6,222,277 790 

Nevada 13 6,506,467 105 106,866 4,794 45,818,348 763 

Utah 12 71,947,615 115 127,566 2,604 21,138,391 659 

Wyoming 1 90,887 28 1,790 372 3,426,984 738 

PACIFIC 346 1,280,826,835 4,346 3,127,229 61,464 538,051,026 711 

Alaska 4 50,534,607 27 16,377 601 3,941,364 565 

California 262 716,101,570 3,653 2,001,277 41,352 350,403,686 692 

Hawaii 25 151,721,129 158 77,538 4,524 44,656,265 788 

Oregon 24 50,363,246 215 204,306 4,355 32,845,485 608 

Washingto n 31 312,106,283 293 827,731 10,632 106,204,226 803 

PUERTO RI CO 15 24,419,933 17 30,032 3,340 10,065,171 263 

U.S. TERRI TORIES --- --- 6 890 163 628,599 366 

FOREIGN OUNTRIES 5 5,074,905 32 16,024 2,531 27,513,915 511 

TOTAL 4,769 $49,002,749,966 22,333 28,630,000 841,512 $5,658,960,735 $535 

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.

*Claims and plan coverage data by state of plan administration; benefits and participant coverage data by state of payee residence. 

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Sources: PBGC Fiscal Year Closing File, 2012 update of the Retirement Expectations and Pension Plan Coverage Topic Module (Wave 11) of the 2008 Survey of Income and Program Participation 

(SIPP) , PBGC Case Management System, PBGC Premium Filings, PBGC Participant System (PRISM), and fiscal year calculations.

Table S-52 (Continued)

PBGC Pension Data by Region and State*

Single-Employer Program

Region / State

Claims

1975-2016

Coverage 

2016

Benefits Paid 

2016

2016 Data Tables
Calendar Year of Plan 

Termination Maximum Monthly Guarantee Maximum Annual 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 

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 guarantee.

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.

Table S-53 

PBGC Maximum Guaranteed Benefits (1990-2018) 

Single-Employer Program

The Employee Retirement Income Security Act of 1974 (ERISA) mandates that the maximum guaranteed amounts be adjusted annually based on changes in the 

Social Security contribution and benefit base.

The maximum guarantee shown applies to workers who retire at age 65. PBGC increases the maximum guarantee for people retiring later than age 65 and 

reduces it for retirees taking earlier retirement or electing survivor's benefits.

2016 Data Tables
Fiscal Year Assets 

(in millions)

Liabilities 

(in millions) 

Net Positions 

(in millions)

1980 $21 $30 -$9 

1985 78 52 27 

1990 190 58 132 

1995 477 285 192 

1996 505 381 124 

1997 596 377 219 

1998 745 404 341 

1999 692 493 199 

2000 694 427 267 

2001 807 691 116 

2002 944 786 158 

2003 1,000 1,261 -261 

2004 1,070 1,306 -236 

2005 1,160 1,495 -335 

2006 1,166 1,905 -739 

2007 1,197 2,152 -955 

2008 1,327 1,800 -473 

2009 1,459 2,328 -869 

2010 1,628 3,064 -1,436 

2011 1,739 4,509 -2,770 

2012 1,807 7,044 -5,237 

2013 1,719 9,977 -8,258 

2014 1,769 44,203 -42,434 

2015 1,924 54,208 -52,284 

2016 2,204 61,037 -58,833 

2017 $2,262 $67,314 -$65,052 

Source: PBGC Annual Reports

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

Table M-1 

Net Financial Position of PBGC's (1980-2017) 

Multiemployer Program

2016 Data Tables
Fiscal Year

Total 

Premium 

Revenue

(in millions)

Benefit 

Payments

(in millions)

Net Financial 

Assistance

(in millions)

Administrative & 

Investment Expenses

(in millions)

Premiums Minus Benefits, 

Financial Assistance and 

Expenses Paid

(in millions)

1980 $5 $4 --- $2 -$2 

1985 14 4 --- 4 7 

1990 21 2 --- 2 17 

1995 22 2 $4 * 16 

1996 22 2 4 * 16 

1997 23 1 4 * 18 

1998 23 1 2 * 20 

1999 23 1 19 * 3 

2000 24 1 91 * -68 

2001 24 1 5 * 18 

2002 25 1 5 * 19 

2003 25 1 5 * 19 

2004 27 1 10 * 16 

2005 26 1 14 * 12 

2006 58 $1 70 * -13 

2007 81 * 72 * 9 

2008 90 * 85 * 5 

 2009** 95 * 86 * 9 

2010 93 * 97 12 -16 

2011 92 * 114 14 -36 

2012 92 * 95 20 -23 

2013 110 * 89 25 -4 

2014 122 * 97 18 7 

2015 212 * 103 32 77 

2016 282 * 113 39 130 

2017 $291 * $141 $42 $108 

Source: PBGC Annual Reports

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

* Less than $500,000.

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

Table M-2 

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2017) 

Multiemployer Program

2016 Data Tables
Total

(in millions)

Average 

Monthly Payment

Median 

Monthly Payment

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 

This table is based primarily on data provided by the PBGC’s Payment System (PPS).

**Less than $500,000.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

Table M-3

PBGC Payees and Benefit Payments (Pre-MPPAA Plans, 1980-2016) 

Multiemployer Program

Fiscal Year Periodic Payees 

in Year*

Periodic Pension Payments

*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.

2016 Data Tables
Year

Plans 

Receiving 

Financial 

Assistance(1)

Total 

Amount of 

Financial 

Assistance

(in thousands)

Plans 

Receiving 

a Lump-Sum 

Payment(2)

Amount of 

Lump-Sum 

Payment

(in thousands)

 Plans 

Receiving 

Periodic 

Payments(1)

Amount of 

Periodic 

Payments

(in thousands)

Repayments 

of 

Past Financial 

Assistance

(in thousands)

1981 - 1994 7 $2,611 --- --- 7 $2,611 $165 

1995 9 4,346 --- --- 9 4,346 --- 

1996 12 4,022 --- --- 12 4,022 --- 

1997 14 4,494 --- --- 14 4,494 --- 

1998 18 5,438 --- --- 18 5,438 3,176 

1999 21 19,220 1 $14,150 20 5,070 --- 

2000 21 91,033 2 86,514 19 4,519 --- 

2001 22 4,526 1(3) 53 22 4,473 --- 

2002 23 4,894 --- --- 23 4,894 --- 

2003 24 5,022 1 231 23 4,791 --- 

2004 27 10,121 1(3) 282 27 9,839 --- 

2005 29 13,758 1(3) 535 28 13,223 --- 

2006 33 70,097 1 176 32 69,921 --- 

2007 36 71,870 3(3) 641 36 71,228 --- 

2008 42 84,623 5(4) 5,810 40 78,813 --- 

2009 43(5) 85,637 4(3) 7,309 41 78,328 --- 

2010 50 97,083 7(6) 10,413 44 86,670 --- 

2011 49 114,326 5(4) 14,310 47 100,016 --- 

2012 49 95,068 5 1,018 44 94,050 --- 

2013 44 89,198 --- --- 44 89,198 --- 

2014 53 96,520 --- --- 53 96,520 --- 

2015 58 102,595 2 1,269 57 101,326 --- 

2016 65 112,531 --- --- 65 112,531 --- 

Total (7) 93 $1,189,031 39 $142,710 82 $1,046,320 $3,340.5(8) 

Table M-4

PBGC Financial Assistance to Insolvent Plans (Post-MPPAA Plans, 1981-2016)

Multiemployer Program

Sources: PBGC Annual Reports and internal calculations.

(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) These plans received periodic payments before receiving lump-sum payments.(4) Three of these five plans received periodic payments before receiving lump-sum payments.

(5) 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.

(6) Six of these seven plans received periodic payments before receiving lump-sum payments.

(7) Total for plan columns represents the total number of multiemployer plans that ever received the stated type of financial assistance from PBGC's Multiemployer Insurance 

Program.

(8) Only one plan has repaid any of its past financial assistance. That plan repaid only the principal amount of the loans it received.

During FY16 PBGC completed a payment system conversion. The figures presented are based on a reconciliation of the two systems.

2016 Data Tables
Year Total Insured 

Participants 

In Plans with 

10,000 or More 

Participants 

In Plans with 

5,000-9,999 

Participants 

In Plans with 

2,500-4,999 

Participants 

In Plans with 

1,000-2,499 

Participants 

In Plans with 

500-999 

Participants 

In Plans with 

250-499 

Participants 

In Plans with 

Fewer than 250 

Participants 

1980 7,997 5,072 925 751 731 299 147 71 

1985 8,209 5,376 857 761 729 283 136 66 

1990 8,534 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 8,740 6,058 906 718 641 263 110 44 

1998 8,876 6,212 930 675 650 259 108 42 

1999 8,991 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 9,829 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 10,032 7,504 884 696 644 212 67 24 

2008 10,170 7,589 930 716 639 205 67 24 

2009 10,396 7,864 907 708 628 203 64 23 

2010 10,413 7,921 895 701 612 199 63 23 

2011 10,281 7,867 827 699 600 202 64 22 

2012 10,372 7,972 823 689 607 200 61 21 

2013 10,399 7,971 835 700 613 202 58 21 

2014 10,303 7,910 827 693 586 207 59 22 

2015 10,300 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 

 

Source: PBGC Premium Filings

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

Table M-5 

PBGC-Insured Plan Participants (1980-2017) 

Multiemployer Program 

(in thousands)

2016 Data Tables
Year Total Insured 

Plans

Insured Plans 

with 10,000 or 

More Participants

Insured Plans 

with 5,000-9,999 

Participants

Insured Plans 

with 2,500-4,999 

Participants

Insured Plans 

with 1,000-2,499 

Participants

Insured Plans 

with 500-999 

Participants

Insured Plans 

with 250-499 

Participants

Insured Plans 

with Fewer than 

250 Participants

1980 2,244 120 131 211 452 420 404 506 

1985 2,188 137 124 216 459 402 376 474 

1990 1,983 140 127 214 428 402 332 340 

1995 1,879 144 123 205 409 368 303 327 

1996 1,876 143 132 206 400 373 287 335 

1997 1,846 145 131 206 401 365 296 302 

1998 1,817 147 136 193 400 357 290 294 

1999 1,800 149 137 189 403 357 279 286 

2000 1,744 152 138 197 388 357 258 254 

2001 1,707 159 133 210 377 327 254 247 

2002 1,671 163 133 212 397 316 233 217 

2003 1,612 166 129 206 391 321 202 197 

2004 1,586 166 129 208 393 305 198 187 

2005 1,571 164 134 204 381 309 195 184 

2006 1,538 162 132 203 380 305 184 172 

2007 1,522 167 124 197 388 293 177 176 

2008 1,517 167 130 205 388 283 176 168 

2009 1,488 170 128 202 381 278 169 160 

2010 1,475 168 126 199 372 273 169 168 

2011 1,461 172 116 198 366 277 170 162 

2012 1,448 174 117 196 368 274 165 154 

2013 1,435 171 115 195 370 277 157 150 

2014 1,425 168 114 195 355 283 158 152 

2015 1,396 167 114 186 363 262 156 148 

2016 1,375 171 109 195 364 250 160 126 

2017 1,374 176 108 200 361 249 147 133 

 

Source: PBGC Premium Filings

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

Table M-6 

PBGC-Insured Plans (1980-2017) 

Multiemployer Program

2016 Data Tables
Year Active 

Participants

Retired 

Participants

Separated Vested 

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* 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% 

 

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%.

*2010 figures are estimates from PBGC internal calculations. 

Table M-7 

PBGC-Insured Plan Participants by Participant Status (1980-2015) 

Multiemployer Program

Source: Form 5500 filings

2016 Data Tables
Industry

AGRICULTURE 8 0.6% 21,581 0.2% 

MINING 4 0.3% 107,494 1.0% 

CONSTRUCTION 752 53.9% 3,718,845 36.1% 

Building Construction 78 5.6% 489,725 4.8% 

Heavy Construction 63 4.5% 554,692 5.4% 

Plumbing, Heating, and Air Conditioning 145 10.4% 278,871 2.7% 

Electrical Work 121 8.7% 831,826 8.1% 

Building Finishing Contractors 66 4.7% 403,758 3.9% 

Foundation, Structure, and Exterior Work 158 11.3% 663,670 6.4% 

Other Construction 121 8.7% 496,303 4.8% 

MANUFACTURING 136 9.7% 1,059,549 10.3% 

Food and Tobacco Products 26 1.9% 201,249 2.0% 

Apparel and Textile Products 5 0.4% 31,746 0.3% 

Paper and Allied Products 5 0.4% 82,670 0.8% 

Printing and Publishing 24 1.7% 149,978 1.5% 

Machinery and Computer Equipment 4 0.3% 13,248 0.1% 

Electrical and Electronic Equipment 5 0.4% 272,844 2.6% 

Furniture and Fixtures 8 0.6% 7,613 0.1% 

Other Manufacturing 59 4.2% 300,201 2.9% 

TRANSPORTATION AND PUBLIC UTILITIES 144 10.3% 1,554,179 15.1% 

Trucking 75 5.4% 1,398,079 13.6% 

Water Transportation 44 3.2% 101,507 1.0% 

Other Transportation and Public Utilities 25 1.8% 54,593 0.5% 

INFORMATION 32 2.3% 235,928 2.3% 

WHOLESALE TRADE 24 1.7% 51,760 0.5% 

RETAIL TRADE 83 5.9% 1,507,083 14.6% 

SERVICES 213 15.3% 2,043,581 19.8% 

Administrative/Support 44 3.2% 353,665 3.4% 

Health Care/Social Assistance 17 1.2% 524,947 5.1% 

Accommodation/Food Service 27 1.9% 696,970 6.8% 

Other Services 125 9.0% 467,999 4.5% 

TOTAL 1396 100.0% 10,300,000 100.0% 

Source: Form 5500 filings

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

Insured Plans Insured Participants

Table M-8 

PBGC-Insured Plans and Participants by Industry (2015) 

Multiemployer Program

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.

2016 Data Tables
Beginning of Year Assets 

(in millions)

Liabilities* 

(in millions)

Funding 

Ratio

Underfunding 

(in millions)

Overfunding 

(in millions)

PBGC 

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% 

1990 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% 

1995 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% 

2000 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% 

2005 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% 

2010 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% 

2015 $478,227 $1,116,058 43% $638,122 $290 2.46% 

 

Source: Form 5500 filings

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.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality 

table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 13.27 and 

5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values are 14 and 8 for non-annuitants and annuitants, 

respectively. As a point of reference the underfunding for 2012 derived using the previous factors would be $553,842.

Table M-9 

Funding of PBGC-Insured Plans (1980-2015) 

Multiemployer Program

2016 Data Tables
Beginning of Year Assets 

(in millions)

Liabilities* 

(in millions)

Underfunding 

(in millions) Funding Ratio PBGC Rate

1980 $24,819 $42,706 $17,887 58% 8.50% 

1985 22,813 29,246 6,432 78% 9.75% 

1990 56,512 68,086 11,574 83% 7.25% 

1991 62,563 75,631 13,068 83% 7.25% 

1992 93,790 111,625 17,835 84% 6.25% 

1993 95,331 115,195 19,864 83% 6.40% 

1994 128,718 157,911 29,193 82% 5.65% 

1995 118,707 141,434 22,726 84% 7.15% 

1996 168,347 208,366 40,019 81% 5.30% 

1997 152,633 185,182 32,549 82% 5.80% 

1998 180,084 219,582 39,497 82% 5.40% 

1999 206,568 250,947 44,379 82% 5.30% 

2000 110,729 131,864 21,135 84% 7.00% 

2001 222,296 270,708 48,412 82% 6.40% 

2002 295,338 397,807 102,469 74% 5.70% 

2003 304,027 482,942 178,915 63% 5.00% 

2004 342,777 551,959 209,181 62% 4.00% 

2005 368,382 595,099 226,717 62% 3.90% 

2006 381,439 582,139 200,701 66% 4.50% 

2007 416,689 609,537 192,849 68% 4.99% 

2008 410,109 620,276 210,167 66% 5.37% 

2009 325,936 671,725 345,788 49% 5.38% 

2010 364,674 755,701 391,027 48% 4.52% 

2011 395,062 796,142 401,080 50% 4.26% 

2012 391,729 963,957 572,228 41% 2.95% 

2013 422,122 1,033,237 611,115 41% 2.68% 

2014 462,543 958,255 495,712 48% 3.54% 

2015 $477,342 $1,115,464 $638,122 43% 2.46% 

 

Source: Form 5500 filings

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.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The 

assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan 

year 2012, durations of 13.27 and 5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values 

are 14 and 8 for non-annuitants and annuitants, respectively. As a point of reference the underfunding for 2012 derived using the previous factors would be $553,842.

Table M-10 

Funding of Underfunded PBGC-Insured Plans (1980-2015) 

Multiemployer Program

2016 Data Tables
Beginning of Year Assets 

(in millions)

Liabilities* 

(in millions)

Overfunding 

(in millions)

Funding 

Ratio

PBGC 

Rate

1980 $15,543 $9,417 $6,126 165% 8.50% 

1985 65,368 46,697 18,672 140% 9.75% 

1990 109,836 88,062 21,773 125% 7.25% 

1991 103,171 84,739 18,432 122% 7.25% 

1992 90,880 76,204 14,676 119% 6.25% 

1993 102,130 86,981 15,148 117% 6.40% 

1994 77,907 68,070 9,837 114% 5.65% 

1995 91,240 77,024 14,216 118% 7.15% 

1996 70,224 62,185 8,039 113% 5.30% 

1997 115,838 102,386 13,452 113% 5.80% 

1998 124,073 111,435 12,638 111% 5.40% 

1999 114,136 100,074 14,063 114% 5.30% 

2000 245,930 207,877 38,054 118% 7.00% 

2001 128,812 114,564 14,249 112% 6.40% 

2002 34,766 31,522 3,245 110% 5.70% 

2003 4,651 3,903 748 119% 5.00% 

2004 4,694 4,060 634 116% 4.00% 

2005 4,021 3,452 569 116% 3.90% 

2006 7,523 6,489 1,034 116% 4.50% 

2007 13,402 11,752 1,651 114% 4.99% 

2008 30,022 27,793 2,230 108% 5.37% 

2009 1,004 789 215 127% 5.38% 

2010 1,659 1,298 360 128% 4.52% 

2011 3,202 2,821 380 113% 4.26% 

2012 516 342 174 151% 2.95% 

2013 820 521 299 157% 2.68% 

2014 5,442 4,647 795 117% 3.54% 

2015 $885 $594 $290 149% 2.46% 

 

Source: Form 5500 filings

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.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. 

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and 

later. Before plan year 2012, durations of 13.27 and 5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations 

were updated. The new values are 14 and 8 for non-annuitants and annuitants, respectively.

Table M-11 

Funding of Overfunded PBGC-Insured Plans (1980-2015) 

Multiemployer Program

2016 Data Tables
Beginning of Year

Total 

Underfunding 

(in 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 24.0% 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 23.2% 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 27.5% 223,267 45.0% 

2015 $638,122 $173,391 27.2% $174,980 27.4% $289,751 45.4% 

Source: Form 5500 filings

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.

Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality 

table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 13.27 and 

5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values are 14 and 8 for non-annuitants and annuitants, 

respectively. As a point of reference the underfunding for 2012 derived using the previous factors would be $553,842.

All Other Plans' 

Underfunding 

(in millions) 

Next 40 Plans' 

Underfunding 

(in millions) 

10 Plans with the Highest 

Underfunding 

(in millions) 

Table M-12 

Concentration of Underfunding in PBGC-Insured Plans (1990-2015) 

Multiemployer Program

2016 Data Tables
Funding Ratio

Receiving Financial Assistance 55 3.94% 69,501 0.67% $254 ** $249 ** --- --- 

Terminated Booked Plans*** 67 4.80% 81,825 0.79% 3,752 0.34% 2,051 0.32% --- --- 

Less Than 40% 348 24.93% 4,047,461 39.30% 464,031 41.57% 308,697 48.36% --- --- 

40% - 49% 436 31.23% 3,417,034 33.18% 374,603 33.56% 206,558 32.36% --- --- 

50% - 59% 307 21.99% 2,270,889 22.05% 235,805 21.12% 109,432 17.14% --- --- 

60% - 69% 101 7.23% 236,543 2.30% 23,760 2.13% 8,675 1.36% --- --- 

70% - 79% 46 3.30% 102,647 1.00% 8,629 0.77% 2,224 0.35% --- --- 

80% - 89% 13 0.93% 31,904 0.31% 2,954 0.26% 373 0.06% --- --- 

90% - 99% 10 0.72% 29,735 0.29% 1,930 0.17% 112 ** --- --- 

100% - 109% 3 0.21% 1,958 ** 101 ** --- --- $2 0.74% 

110% - 119% 2 0.14% 1,960 ** 51 ** --- --- 8 2.63% 

120% - 129% 2 0.14% 4,725 0.05% 111 ** --- --- 24 8.41% 

130% - 139% --- --- --- --- --- --- --- --- --- --- 

140% - 149% 1 0.07% 2,749 ** 257 ** --- --- 124 42.55% 

150% or More 5 0.36% 1,069 ** 74 ** --- --- 133 45.66% 

Subtotal 1,341 96.06% 10,230,499 99.33% $1,116,058 99.98% $638,122 99.96% $290 100.00% 

Total 1,396 100.00% 10,300,000 100.00% $1,116,313 100.00% $638,370 100.00% $290 100.00% 

Underfunded 1,328 95.13% 10,218,038 99.20% $1,115,464 99.92% $638,122 100.00% --- --- 

Overfunded 13 0.93% 12,461 0.12% $594 0.05% --- --- $290 100.00% 

 

 

Source: Form 5500 filings

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

** Less than 0.05 of one percent.

***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 

liabilites are estimated based on Present Values of outstanding liabilities.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality 

table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, durations of 13.27 and 5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new 

values are 14 and 8 for non-annuitants and annuitants, respectively.

Table M-13 

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2015) 

Multiemployer Program

Plans Participants Total Liabilities* 

(in millions)

Underfunding

(in millions)

Overfunding 

(in millions)

2016 Data Tables
Industry

Average 

Funding 

Ratio

 

AGRICULTURE 54% $1,003 0.1% $461 0.1% --- --- 

MINING 39% 11,020 1.0% 6,703 1.1% --- --- 

CONSTRUCTION 44% 543,423 48.7% 306,878 48.1% $163 56.0% 

Building Construction 41% 81,112 7.3% 47,929 7.5% 23 8.0% 

Heavy Construction 45% 90,412 8.1% 49,541 7.8% 5 1.9% 

Plumbing, Heating, and Air Conditioning 48% 53,651 4.8% 28,004 4.4% --- --- 

Electrical Work 45% 84,364 7.6% 46,126 7.2% --- --- 

Building Finishing Contractors 41% 57,513 5.2% 34,199 5.4% --- --- 

Foundation, Structure, and Exterior Work 43% 90,523 8.1% 52,079 8.2% 124 --- 

Other Construction 43% 85,849 7.7% 48,999 7.7% 10 3.6% 

MANUFACTURING 45% 74,078 6.6% 41,057 6.4% 90 31.1% 

Food and Tobacco Products 40% 17,959 1.6% 10,687 1.7% 1 0.3% 

Apparel and Textile Products 41% 37 ** 22 ** --- --- 

Paper and Allied Products 38% 5,285 0.5% 3,288 0.5% --- --- 

Printing and Publishing 37% 8,752 0.8% 5,509 0.9% --- --- 

Furniture and Fixtures 28% 461 ** 331 0.1% --- --- 

Machinery and Computer Equipment 51% 21,895 2.0% 10,806 1.7% 89 30.7% 

Electrical and Electronic Equipment 59% 400 ** 163 ** --- --- 

Other Manufacturing 47% 19,289 1.7% 10,251 1.6% 0 0.1% 

TRANSPORTATION AND PUBLIC UTILITIES 41% 223,244 20.0% 132,017 20.7% 34 11.8% 

Trucking 39% 195,964 17.6% 118,782 18.6% --- --- 

Water Transportation 53% 21,336 1.9% 10,028 1.6% 34 11.8% 

Other Transportation and Public Utilities 46% 5,944 0.5% 3,207 0.5% --- --- 

INFORMATION 37% 28,088 2.5% 17,730 2.8% --- --- 

WHOLESALE TRADE 52% 2,962 0.3% 1,422 0.2% 1 0.3% 

RETAIL TRADE 42% 81,589 7.3% 47,505 7.4% --- --- 

SERVICES 44% 150,650 13.5% 84,350 13.2% 2 0.8% 

Administrative/Support 40% 26,362 2.4% 15,766 2.5% --- --- 

Health Care/Social Assistance 45% 38,121 3.4% 20,799 3.3% --- --- 

Accommodative/Food Service 44% 24,597 2.2% 13,822 2.2% 2 0.8% 

Other Services 45% 61,570 5.5% 33,962 5.3% --- --- 

TOTAL 43% $1,116,058 100.0% $638,122 100.0% $290 100.0% 

Source: Form 5500 filings

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

** Less than 0.05 of one percent.

Overfunding

(in millions)

Underfunding 

(in millions)

Total Liabilities* 

(in millions)

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed 

mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Before plan year 2012, 

durations of 13.27 and 5.41 for non-annuitants and annuitant liability, respectively, were used in the calculation. For plan year 2012 these durations were updated. The new values are 14 and 8 

for non-annuitants and annuitants, respectively.

Table M-14 

Funding of PBGC-Insured Plans by Industry (2015) 

Multiemployer Program

2016 Data Tables
Date of Plan Insolvency Monthly Benefit Formula

Maximum Monthly 

Guarantee 

(30 Years of Service)*

Maximum Annual 

Guarantee 

(30 Years of Service)*

September 27, 1980 

 to 

December 21, 2000 

The participant's years of service multiplied

 by the sum of: 

(1) 100% of the first $5 of the monthly benefit 

accrual rate

-plus-

 (2) 75% of the next $15 of the monthly benefit 

accrual rate 

$487.50 $5,850.00 

On or after

December 22, 2000**

The participant's years of service multiplied 

by the sum of:

(1) 100% of the first $11 of the monthly benefit 

accrual rate

-plus-

(2) 75% of the next $33 of the monthly benefit 

accrual rate 

$1,072.50 $12,870.00 

* 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.

** 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.

Table M-15 

PBGC Maximum Guaranteed Benefits (1980-2018) 

Multiemployer Program

2016 Data Tables
For Plan Years Beginning Premium Rate

(per participant)

September 2, 1974 - August 31, 1979 $0.50 

September 1, 1979 - September 26, 1980 

$0.50 for plan years beginning in September, 1979, 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* 

2008 - 2012 $9.00 

2013 $12.00 

2014 $12.00 

2015 $26.00 

2016 $27.00 

2017 $28.00 

2018 $28.00 

Table M-16 

PBGC's Historic Premium Rates (1974 - 2018) 

Multiemployer Program

* 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 2012 and again for 2015 were reset as a result of 

legislation, and continue to be adjusted (from that higher level).

2016 Data Tables
2009 2010 2011 2012 2013 2014 2015 

Active N/A N/A N/A N/A N/A N/A 15.3% 

In Pay N/A N/A N/A N/A N/A N/A 52.1% 

Separated Vested N/A N/A N/A N/A N/A N/A 32.6% 

Total Participants N/A N/A N/A N/A N/A N/A 1,166,069 

Percent of System 11.4%

Active 38.9% 34.1% 31.3% 29.7% 29.2% 27.1% 32.6% 

In Pay 32.6% 34.7% 36.3% 38.2% 38.6% 40.5% 34.6% 

Separated Vested 28.5% 31.2% 32.5% 32.1% 32.1% 32.4% 32.8% 

Total Participants 3,901,690 3,929,121 3,474,487 3,447,230 3,457,418 3,429,901 2,176,558 

Percent of System 37.9% 38.6% 34.3% 34.3% 34.4% 33.9% 21.2% 

Active 36.1% 28.2% 20.2% 20.4% 13.7% 37.0% 40.3% 

In Pay 38.3% 53.4% 63.7% 65.3% 76.5% 41.6% 43.5% 

Separated Vested 25.6% 18.4% 16.0% 14.2% 9.8% 21.3% 16.2% 

Total Participants 1,470,071 334,892 197,775 192,656 138,096 5,386 24,773 

Percent of System 14.3% 3.3% 2.0% 1.9% 1.4% 0.1% 0.2% 

Active 47.7% 46.4% 41.9% 41.5% 39.2% 40.0% 38.3% 

In Pay 30.9% 32.5% 35.4% 36.0% 37.8% 36.3% 37.0% 

Separated Vested 21.4% 21.1% 22.7% 22.4% 23.0% 23.8% 24.7% 

Total Participants 1,791,794 1,342,922 1,180,115 1,300,876 1,323,418 1,158,555 1,144,312 

Percent of System 17.4% 13.2% 11.6% 12.9% 13.1% 11.4% 11.1% 

Active 45.9% 43.2% 42.2% 42.1% 42.1% 41.5% 42.4% 

In Pay 29.8% 31.0% 31.5% 30.7% 31.0% 31.7% 31.5% 

Separated Vested 24.2% 25.7% 26.3% 27.2% 26.8% 26.8% 26.1% 

Total Participants 3,124,750 4,562,750 5,282,203 5,113,673 5,146,005 5,535,027 5,759,236 

Percent of System 30.4% 44.9% 52.1% 50.9% 51.1% 54.6% 56.1% 

Source: Form 5500 filings

Table M-17 

Participants by Plan Zone Status and Participant Status* (2009 - 2015)

Multiemployer Program

In 2015 the Critical & Declining (C&D) status was introduced as a subset of the Critical status. 

Participants

Green

Deep Red

Red

Orange

Yellow

Zone Status Participant Type

*Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status.

2016 Data Tables
2009 2010 2011 2012 2013 2014 2015 

Deep Red N/A N/A N/A N/A N/A N/A 83 

Red 439 380 321 325 330 318 213 

Orange 128 48 18 20 13 5 5 

Yellow 296 227 211 226 196 159 146 

Green 486 673 768 721 702 776 787 

Total Classifiable 

Ongoing Plans* 1,349 1,328 1,318 1,292 1,241 1,258 1,234 

2009 2010 2011 2012 2013 2014 2015 

Deep Red N/A N/A N/A N/A N/A N/A 6.7% 

Red 32.5% 28.6% 24.4% 25.2% 26.6% 25.3% 17.3% 

Orange 9.5% 3.6% 1.4% 1.5% 1.0% 0.4% 0.4% 

Yellow 21.9% 17.1% 16.0% 17.5% 15.8% 12.6% 11.8% 

Green 36.0% 50.7% 58.3% 55.8% 56.6% 61.7% 63.8% 

Total System 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 

 

Source: Form 5500 filings

In 2015 the Critical & Declining (C&D) status was introduced as a subset of the Critical status. 

*Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status.

Table M-18 

Plans by Zone Status (2009 - 2015)* 

Multiemployer Program

ZONE STATUS Plan Risk Status by Year (% of Plans) 

ZONE STATUS Plan Risk Status by Year (plan count) 

2016 Data Tables
2009 2010 2011 2012 2013 2014 2015 

Deep Red N/A N/A N/A N/A N/A N/A $351 

Red $265 $266 $268 $258 $270 $276 $279 

Orange $238 $219 $194 $352 $310 $329 $232 

Yellow $228 $252 $245 $244 $247 $253 $268 

Green $228 $228 $230 $229 $243 $248 $261 

All Construction $233 $238 $240 $240 $250 $253 $265 

Deep Red N/A N/A N/A N/A N/A N/A $167 

Red $175 $183 $169 $182 $180 $180 $208 

Orange $145 $160 $245 $180 $194 $253 N/A 

Yellow $185 $256 $192 $201 $182 $157 $195 

Green $172 $179 $191 $181 $186 $199 $214 

All Manufacturing $177 $181 $184 $181 $186 $187 $197 

Deep Red N/A N/A N/A N/A N/A N/A $333 

Red $206 $213 $230 $220 $206 $208 $213 

Orange $295 $342 $741 $207 $311 N/A N/A 

Yellow $299 $241 $263 $258 $289 $256 $240 

Green $295 $262 $276 $287 $310 $296 $324 

All Transportation $237 $246 $256 $260 $265 $267 $287 

Deep Red N/A N/A N/A N/A N/A N/A $329 

Red $151 $154 $145 $153 $165 $166 $167 

Orange $176 $152 $253 $230 $274 $415 $423 

Yellow $227 $214 $218 $252 $171 $187 $214 

Green $187 $192 $196 $189 $195 $201 $211 

All 'All Other Industries' $176 $175 $180 $186 $179 $192 $205 

System-wide $214 $220 $222 $222 $228 $235 $249 

 

Source: Form 5500 filings

Table M-19 

Administrative Expenses per Participant, by Industry and Zone 

(2009 - 2015)* 

Multiemployer Program

Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments.

 SECTOR ZONE 

STATUS 

Administrative Expense per Participant (median, unadjusted dollars)

CONSTRUCTION

MANUFACTURING

TRANSPORTATION

ALL OTHER 

INDUSTRIES

*Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide zone status.

2016 Data Tables
2009 2010 2011 2012 2013 2014 2015 

Deep Red N/A N/A N/A N/A N/A N/A 5.5% 

Red 5.3% 5.2% 5.7% 5.1% 4.7% 4.6% 4.7% 

Orange 6.2% 4.3% 2.5% 5.5% 5.6% 7.2% 3.6% 

Yellow 5.3% 4.8% 4.5% 4.1% 4.0% 4.3% 4.4% 

Green 7.1% 6.2% 5.6% 5.4% 5.4% 5.4% 5.5% 

All Construction 6.1% 5.6% 5.4% 5.1% 5.1% 5.1% 5.2% 

Deep Red N/A N/A N/A N/A N/A N/A 7.3% 

Red 9.5% 8.6% 7.4% 7.1% 7.5% 6.8% 10.1% 

Orange 6.7% 11.4% 9.9% 3.0% 4.0% 13.9% N/A 

Yellow 7.0% 10.3% 8.8% 9.7% 11.1% 4.7% 4.6% 

Green 9.8% 8.7% 9.0% 8.4% 7.9% 7.9% 8.4% 

All Manufacturing 9.7% 9.9% 9.6% 8.6% 8.6% 8.3% 8.7% 

Deep Red N/A N/A N/A N/A N/A N/A 5.5% 

Red 3.9% 4.3% 3.9% 3.9% 3.9% 3.6% 3.6% 

Orange 4.3% 4.6% 11.5% 10.1% 5.6% N/A N/A 

Yellow 5.7% 4.5% 5.8% 3.6% 3.9% 2.8% 3.2% 

Green 7.6% 8.8% 7.4% 6.8% 7.7% 7.3% 6.5% 

All Transportation 5.4% 5.9% 5.6% 5.4% 5.3% 5.4% 5.7% 

Deep Red N/A N/A N/A N/A N/A N/A 8.2% 

Red 7.6% 8.6% 8.3% 7.7% 8.8% 8.9% 9.7% 

Orange 10.3% 6.8% 8.6% 6.6% 4.0% 4.7% 4.6% 

Yellow 7.4% 6.9% 6.4% 6.1% 7.3% 6.0% 5.4% 

Green 8.2% 9.2% 8.4% 7.6% 7.7% 7.4% 8.6% 

All 'All Other Industries' 8.6% 9.1% 8.6% 8.0% 8.3% 8.4% 8.6% 

System-wide 6.9% 6.5% 6.3% 6.0% 6.0% 5.9% 6.2% 

 

Source: Form 5500 filings

Table M-20 

Administrative Expenses as a Percent of Benefits Paid, 

by Industry and Zone (2009 - 2015)* 

Multiemployer Program

Descriptive statistics ignore zero benefit plans but include plans with relatively small benefit payments.

 SECTOR ZONE 

STATUS 

Administrative Expenses to Benefits Paid (median)

CONSTRUCTION

MANUFACTURING

TRANSPORTATION

ALL OTHER 

INDUSTRIES

*Classifiable Ongoing Plans exclude plans which have terminated or are currently receiving Financial Assistance and plans that did not provide 

zone status.

2016 Data Tables