Roofers Local 666 Pension Trust
multiemployer plan · Roofers Local 666 · Fairbanks, AK
ACTIVEPBGC Covered
D
Pension Health Score
38/100
Funding Status44% Funded
0%80% threshold100%
$480.0M
Total Assets
$1.1B
Total Liabilities
$601.7M
Unfunded Liability
17,308
Participants
Funding History
What This Means for You
Roofers Local 666 Pension Trust is significantly underfunded at 44%, with $601.7M in unfunded liabilities affecting 17,308 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 | $480.0M | $1.1B | 44.4% | $16.9M |
| 2024 | $461.8M | $1.1B | 43.5% | $12.7M |
| 2023 | $441.8M | $1.1B | 40.0% | $12.1M |
| 2022 | $414.2M | $1.2B | 35.9% | $13.8M |
| 2021 | $393.7M | $894.8M | 44.0% | $16.3M |