Operating Engineers Local 334 Pension Trust
multiemployer plan · Operating Engineers Local 334 · Columbia, SC
ACTIVEPBGC Covered
C
Pension Health Score
53/100
Funding Status75% Funded
0%80% threshold100%
$612.2M
Total Assets
$815.5M
Total Liabilities
$203.3M
Unfunded Liability
3,368
Participants
Funding History
What This Means for You
Operating Engineers Local 334 Pension Trust is 75% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $203.3M 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 | $612.2M | $815.5M | 75.1% | $45.5M |
| 2024 | $610.0M | $794.3M | 76.8% | $51.0M |
| 2023 | $563.3M | $778.0M | 72.4% | $44.8M |
| 2022 | $560.1M | $801.2M | 69.9% | $52.7M |
| 2021 | $531.6M | $635.9M | 83.6% | $42.9M |