A funding ratio compares a Plan’s assets to their projected liabilities. A plan that is 100% funded has accumulated $1 of assets for every $1 of projected liability. This type of plan would be referred to as being fully funded. A plan that has a ratio under this amount, would be referred to as under funded and a plan exceeding 100% would be over funded. Normally, a plan is considered well funded if it is at least 90% funded.