Mead Johnson Retirement Income Plan (Frozen)
corporate plan · Mead Johnson · Evansville, IN
FROZENPBGC Covered
C
Pension Health Score
61/100
Funding Status76% Funded
0%80% threshold100%
$1.7B
Total Assets
$2.3B
Total Liabilities
$556.3M
Unfunded Liability
39,628
Participants
Funding History
What This Means for You
Mead Johnson Retirement Income Plan (Frozen) is 76% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $556.3M 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 | 75.5% | $65.3M |
| 2024 | $1.6B | $2.0B | 79.9% | $55.1M |
| 2023 | $1.6B | $2.0B | 80.6% | $50.2M |
| 2022 | $1.5B | $2.0B | 75.2% | $64.9M |
| 2021 | $1.4B | $1.8B | 79.0% | $51.2M |