Machinists Local 648 Pension Trust
multiemployer plan · Machinists Local 648 · Fort Smith, AR
ACTIVEPBGC Covered
C
Pension Health Score
57/100
Funding Status79% Funded
0%80% threshold100%
$1.5B
Total Assets
$1.8B
Total Liabilities
$385.4M
Unfunded Liability
10,143
Participants
Funding History
What This Means for You
Machinists Local 648 Pension Trust is 79% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $385.4M 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 | $1.8B | 79.1% | $56.2M |
| 2024 | $1.4B | $1.8B | 81.5% | $49.4M |
| 2023 | $1.3B | $1.8B | 73.4% | $66.9M |
| 2022 | $1.3B | $1.7B | 80.1% | $67.4M |
| 2021 | $1.2B | $1.4B | 86.0% | $48.2M |