Ironworkers Local 474 Pension Trust
multiemployer plan · Ironworkers Local 474 · Springfield, IL
ACTIVEPBGC Covered
B
Pension Health Score
66/100
Funding Status62% Funded
0%80% threshold100%
$1.2B
Total Assets
$1.9B
Total Liabilities
$712.5M
Unfunded Liability
3,643
Participants
Funding History
What This Means for You
Ironworkers Local 474 Pension Trust is in good financial health at 62% funded. This means for every dollar the plan owes in future benefits, it has 62 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 | $1.2B | $1.9B | 62.0% | $54.0M |
| 2024 | $1.1B | $1.7B | 66.1% | $43.9M |
| 2023 | $1.1B | $1.9B | 59.2% | $48.1M |
| 2022 | $1.0B | $1.6B | 66.1% | $40.9M |
| 2021 | $968.7M | $1.8B | 52.4% | $43.1M |