Steelworkers Local 330 Pension Trust
multiemployer plan · Steelworkers Local 330 · Charleston, WV
ACTIVEPBGC Covered
D
Pension Health Score
38/100
Funding Status34% Funded
0%80% threshold100%
$265.9M
Total Assets
$794.8M
Total Liabilities
$528.9M
Unfunded Liability
15,312
Participants
Funding History
What This Means for You
Steelworkers Local 330 Pension Trust is significantly underfunded at 34%, with $528.9M in unfunded liabilities affecting 15,312 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 | $265.9M | $794.8M | 33.5% | $17.5M |
| 2024 | $253.4M | $873.7M | 29.0% | $20.4M |
| 2023 | $239.9M | $643.2M | 37.3% | $15.3M |
| 2022 | $230.0M | $616.6M | 37.3% | $19.6M |
| 2021 | $229.8M | $792.5M | 29.0% | $17.9M |