Plumbers Local 528 Pension Trust
multiemployer plan · Plumbers Local 528 · Provo, UT
ACTIVEPBGC Covered
F
Pension Health Score
20/100
Funding Status32% Funded
0%80% threshold100%
$573.7M
Total Assets
$1.8B
Total Liabilities
$1.2B
Unfunded Liability
18,441
Participants
Funding History
What This Means for You
Plumbers Local 528 Pension Trust is significantly underfunded at 32%, with $1.2B in unfunded liabilities affecting 18,441 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $573.7M | $1.8B | 31.8% | $17.8M |
| 2024 | $544.8M | $1.9B | 28.7% | $25.4M |
| 2023 | $534.5M | $1.6B | 33.4% | $25.4M |
| 2022 | $518.5M | $1.3B | 41.3% | $19.1M |
| 2021 | $490.8M | $1.3B | 38.7% | $19.0M |