Terex Corporation Retirement Income Plan (Frozen)
corporate plan · Terex Corporation · Newark, DE
FROZENPBGC Covered
C
Pension Health Score
54/100
Funding Status76% Funded
0%80% threshold100%
$3.8B
Total Assets
$5.1B
Total Liabilities
$1.2B
Unfunded Liability
30,653
Participants
Funding History
What This Means for You
Terex Corporation Retirement Income Plan (Frozen) is 76% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $1.2B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. PBGC coverage provides a backstop, but benefits could be reduced to PBGC maximums in a worst-case scenario. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $3.8B | $5.1B | 75.6% | $205.8M |
| 2024 | $3.6B | $4.8B | 74.5% | $236.1M |
| 2023 | $3.5B | $4.4B | 78.5% | $168.3M |
| 2022 | $3.5B | $4.2B | 82.7% | $194.1M |
| 2021 | $3.3B | $4.0B | 83.4% | $195.2M |