Steelworkers Local 405 Pension Trust
multiemployer plan · Steelworkers Local 405 · Rockford, IL
ACTIVEPBGC Covered
B
Pension Health Score
76/100
Funding Status72% Funded
0%80% threshold100%
$1.9B
Total Assets
$2.6B
Total Liabilities
$721.8M
Unfunded Liability
6,240
Participants
Funding History
What This Means for You
Steelworkers Local 405 Pension Trust is in good financial health at 72% funded. This means for every dollar the plan owes in future benefits, it has 72 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 | $1.9B | $2.6B | 72.2% | $117.4M |
| 2024 | $1.8B | $2.4B | 74.4% | $149.2M |
| 2023 | $1.8B | $2.6B | 69.1% | $162.2M |
| 2022 | $1.7B | $2.6B | 66.9% | $140.6M |
| 2021 | $1.6B | $2.4B | 64.1% | $134.3M |