Teamsters Local 893 Pension Trust
multiemployer plan · Teamsters Local 893 · Bismarck, ND
ACTIVEPBGC Covered
F
Pension Health Score
25/100
Funding Status35% Funded
0%80% threshold100%
$331.9M
Total Assets
$957.1M
Total Liabilities
$625.2M
Unfunded Liability
7,635
Participants
Funding History
What This Means for You
Teamsters Local 893 Pension Trust is significantly underfunded at 35%, with $625.2M in unfunded liabilities affecting 7,635 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 | $331.9M | $957.1M | 34.7% | $11.6M |
| 2024 | $329.6M | $958.2M | 34.4% | $10.1M |
| 2023 | $302.9M | $818.6M | 37.0% | $11.7M |
| 2022 | $301.7M | $908.8M | 33.2% | $10.0M |
| 2021 | $279.1M | $710.1M | 39.3% | $12.8M |