Manitowoc Company Retirement Income Plan (Frozen)
corporate plan · Manitowoc Company · Charlotte, NC
FROZENPBGC Covered
C
Pension Health Score
56/100
Funding Status75% Funded
0%80% threshold100%
$1.7B
Total Assets
$2.3B
Total Liabilities
$560.2M
Unfunded Liability
29,442
Participants
Funding History
What This Means for You
Manitowoc Company Retirement Income Plan (Frozen) is 75% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $560.2M 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 | $1.7B | $2.3B | 75.4% | $50.2M |
| 2024 | $1.7B | $2.2B | 77.1% | $48.0M |
| 2023 | $1.6B | $2.3B | 72.3% | $57.7M |
| 2022 | $1.6B | $2.1B | 76.4% | $49.7M |
| 2021 | $1.4B | $1.7B | 81.9% | $65.0M |