Ironworkers Local 291 Pension Trust
multiemployer plan · Ironworkers Local 291 · Bismarck, ND
ACTIVEPBGC Covered
B
Pension Health Score
68/100
Funding Status80% Funded
0%80% threshold100%
$130.0M
Total Assets
$162.2M
Total Liabilities
$32.1M
Unfunded Liability
5,842
Participants
Funding History
What This Means for You
Ironworkers Local 291 Pension Trust is in good financial health at 80% funded. This means for every dollar the plan owes in future benefits, it has 80 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $130.0M | $162.2M | 80.2% | $8.6M |
| 2024 | $122.4M | $165.0M | 74.2% | $9.4M |
| 2023 | $123.2M | $166.5M | 74.0% | $7.2M |
| 2022 | $113.6M | $139.4M | 81.5% | $9.6M |
| 2021 | $108.7M | $127.8M | 85.1% | $8.9M |