Carpenters Local 399 Pension Trust
multiemployer plan · Carpenters Local 399 · Lexington, KY
ACTIVEPBGC Covered
C
Pension Health Score
55/100
Funding Status69% Funded
0%80% threshold100%
$1.7B
Total Assets
$2.5B
Total Liabilities
$795.1M
Unfunded Liability
18,577
Participants
Funding History
What This Means for You
Carpenters Local 399 Pension Trust is 69% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $795.1M in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. PBGC coverage provides a backstop, but benefits could be reduced to PBGC maximums in a worst-case scenario. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $1.7B | $2.5B | 68.6% | $112.5M |
| 2024 | $1.7B | $2.3B | 74.8% | $111.0M |
| 2023 | $1.7B | $2.5B | 67.3% | $136.4M |
| 2022 | $1.6B | $2.6B | 59.6% | $142.9M |
| 2021 | $1.4B | $1.9B | 73.6% | $152.9M |