Lincoln Electric Retirement Income Plan (Frozen)
corporate plan · Lincoln Electric · Charleston, WV
FROZENPBGC Covered
C
Pension Health Score
61/100
Funding Status78% Funded
0%80% threshold100%
$2.0B
Total Assets
$2.5B
Total Liabilities
$569.1M
Unfunded Liability
20,678
Participants
Funding History
What This Means for You
Lincoln Electric Retirement Income Plan (Frozen) is 78% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $569.1M 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 | $2.0B | $2.5B | 77.6% | $99.5M |
| 2024 | $1.9B | $2.7B | 71.3% | $108.0M |
| 2023 | $1.8B | $2.7B | 68.1% | $116.8M |
| 2022 | $1.7B | $2.0B | 85.1% | $108.1M |
| 2021 | $1.6B | $2.0B | 81.4% | $92.2M |