Ironworkers Local 473 Pension Trust
multiemployer plan · Ironworkers Local 473 · Fargo, ND
ACTIVEPBGC Covered
C
Pension Health Score
58/100
Funding Status61% Funded
0%80% threshold100%
$1.5B
Total Assets
$2.6B
Total Liabilities
$1.0B
Unfunded Liability
15,189
Participants
Funding History
What This Means for You
Ironworkers Local 473 Pension Trust is 61% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $1.0B 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 | $1.5B | $2.6B | 60.7% | $48.5M |
| 2024 | $1.5B | $2.5B | 59.6% | $46.8M |
| 2023 | $1.4B | $2.4B | 58.0% | $55.1M |
| 2022 | $1.4B | $2.5B | 56.1% | $46.5M |
| 2021 | $1.3B | $2.3B | 56.3% | $58.8M |