Dana Incorporated Retirement Income Plan (Frozen)
corporate plan · Dana Incorporated · Des Moines, IA
FROZENPBGC Covered
C
Pension Health Score
61/100
Funding Status74% Funded
0%80% threshold100%
$382.4M
Total Assets
$515.6M
Total Liabilities
$133.2M
Unfunded Liability
19,395
Participants
Funding History
What This Means for You
Dana Incorporated Retirement Income Plan (Frozen) is 74% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $133.2M 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 | $382.4M | $515.6M | 74.2% | $16.3M |
| 2024 | $372.5M | $529.9M | 70.3% | $18.5M |
| 2023 | $348.8M | $460.1M | 75.8% | $18.0M |
| 2022 | $337.8M | $448.6M | 75.3% | $18.2M |
| 2021 | $329.1M | $426.8M | 77.1% | $15.1M |