Schnitzer Steel Retirement Income Plan (Frozen)
corporate plan · Schnitzer Steel · Washington, DC
FROZENPBGC Covered
B
Pension Health Score
76/100
Funding Status90% Funded
0%80% threshold100%
$3.4B
Total Assets
$3.8B
Total Liabilities
$377.0M
Unfunded Liability
35,131
Participants
Funding History
What This Means for You
Schnitzer Steel Retirement Income Plan (Frozen) is in good financial health at 90% funded. This means for every dollar the plan owes in future benefits, it has 90 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 | $3.4B | $3.8B | 90.0% | $191.9M |
| 2024 | $3.3B | $3.4B | 95.9% | $146.5M |
| 2023 | $3.2B | $3.5B | 89.9% | $171.8M |
| 2022 | $3.0B | $3.1B | 95.9% | $190.5M |
| 2021 | $2.9B | $3.1B | 93.0% | $149.6M |