Olympic Steel Retirement Income Plan (Frozen)
corporate plan · Olympic Steel · New Haven, CT
FROZENPBGC Covered
A
Pension Health Score
94/100
Funding Status88% Funded
0%80% threshold100%
$2.0B
Total Assets
$2.3B
Total Liabilities
$272.0M
Unfunded Liability
20,738
Participants
Funding History
What This Means for You
Olympic Steel Retirement Income Plan (Frozen) is in excellent financial health at 88% funded. This means for every dollar the plan owes in future benefits, it has 88 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 | $2.0B | $2.3B | 87.9% | $120.9M |
| 2024 | $1.9B | $2.0B | 94.0% | $114.2M |
| 2023 | $1.9B | $2.2B | 84.7% | $100.1M |
| 2022 | $1.7B | $2.2B | 78.5% | $126.6M |
| 2021 | $1.6B | $2.1B | 77.9% | $112.4M |