Plumbers Local 641 Pension Trust
multiemployer plan · Plumbers Local 641 · Des Moines, IA
ACTIVEPBGC Covered
F
Pension Health Score
24/100
Funding Status32% Funded
0%80% threshold100%
$448.2M
Total Assets
$1.4B
Total Liabilities
$933.5M
Unfunded Liability
17,707
Participants
Funding History
What This Means for You
Plumbers Local 641 Pension Trust is significantly underfunded at 32%, with $933.5M in unfunded liabilities affecting 17,707 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 | $448.2M | $1.4B | 32.4% | $20.1M |
| 2024 | $433.9M | $1.5B | 29.0% | $21.4M |
| 2023 | $412.9M | $1.3B | 31.3% | $23.0M |
| 2022 | $388.7M | $1.4B | 27.8% | $20.6M |
| 2021 | $379.6M | $1.0B | 37.4% | $20.1M |