Breaking News: Four More Multiemployer Plans File

The MPRA webstie popped up with four additional multiemployer plans filing to cut benefits:

Excerpts from their latest 5500 filings:

Plan Name: Mid-Jersey Trucking Industry and Local 701 Pension Fund
EIN/PN: 13-6043977/001
Total participants @ 5/31/17: 1,871 including:
Retirees: 1,488
Separated but entitled to benefits: 158
Still working: 225

Asset Value (Market) @ 6/1/16: $238,242,493
Value of liabilities using RPA rate (3.20%) @ 6/1/16: $548,240,057 including:
Retirees: $440,008,186
Separated but entitled to benefits: $25,544,961
Still working: $82,686,910

Funded ratio: 43.46%
Unfunded Liabilities as of 6/1/16: $309,997,564

Asset Value (Market) as of 5/31/17: $237,792,651
Contributions(MB): $2,589,106
Contributions(H): $2,568,773
Payouts: $32,657,650
Expenses: $1,956,314

——————————————————————————————————————————-

Plan Name: Local 807 Labor-Management Pension Fund
EIN/PN: 51-6099111/002
Total participants @ 8/31/17: 4,541  including:
Retirees: 2,827
Separated but entitled to benefits: 933
Still working: 781

Asset Value (Market) @ 9/1/16: $164,132,205
Value of liabilities using RPA rate (3.28%) @ 9/1/16: $530,817,964 including:
Retirees: $289,720,764
Separated but entitled to benefits: $120,024,868
Still working: $121,072,332

Funded ratio: 30.92%
Unfunded Liabilities as of 9/1/16: $366,685,759

Asset Value (Market) as of 8/31/17: $158,835,925
Contributions(MB): $9,629,904
Contributions(H): $9,350,344
Payouts: $27,708,903
Expenses: $1,713,273

——————————————————————————————————————————-

Plan Name: Toledo Roofers Local No. 134 Pension Plan
EIN/PN: 34-6682179/001
Total participants @ 12/31/16: 473 including:
Retirees: 209
Separated but entitled to benefits: 115
Still working: 149

Asset Value (Market) @ 1/1/16: $23,500,007
Value of liabilities using RPA rate (3.28%) @ 1/1/16: $68,802,110 including:
Retirees: $49,031,563
Separated but entitled to benefits: $8,957,104
Still working: $10,813,443

Funded ratio: 34.16%
Unfunded Liabilities as of 1/1/16: $45,302,103

Asset Value (Market) as of 12/31/16: $22,372,575
Contributions(MB): $1,230,530
Contributions(H): $1,165,714
Payouts: $3,488,909
Expenses: $260,304

——————————————————————————————————————————-

Plan Name: SW OH Regional Council of Carpenters Pension Plan
EIN/PN: 31-6127287/001
Total participants @ 12/31/16: 5,501 including:
Retirees: 2,647
Separated but entitled to benefits: 1,163
Still working: 1,691

Asset Value (Market) @ 1/1/16: $213,252,642
Value of liabilities using RPA rate (3.28%) @ 1/1/16: $668,817,126 including:
Retirees: $397,586,825
Separated but entitled to benefits: $119,624,731
Still working: $151,605,570

Funded ratio: 31.89%
Unfunded Liabilities as of 1/1/16: $455,564,484

Asset Value (Market) as of 12/31/16: $218,949,354
Contributions: $17,502,825
Payouts: $30,693,089
Expenses: $1,655,806

 

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