Breaking News: Twenty Fifth Multiemployer Plan Falls

Here is the updated spreadsheet on all the plans (with another added yesterday) that filed under MPRA with pertinent information taken from 5500 forms and the MPRA website.

This time it was the IBEW Local Union 237 Pension Fund out of Niagara Falls, NY.

Excerpts from their latest 5500 filing:

Plan Name: IBEW Local Union 237 Pension Fund
EIN/PN: 16-6094914/001
Total participants @ 12/31/17: 399 including:
Retirees: 169
Separated but entitled to benefits: 60
Still working: 170

Asset Value (Market) @ 1/1/17: $19,142,431
Value of liabilities using RPA rate (3.05%) @ 1/1/17: $118,333,315 including:
Retirees: $62,935,406
Separated but entitled to benefits: $11,928,472
Still working: $43,469,437

Funded ratio: 16.18%
Unfunded Liabilities as of 1/1/17: $99,190,884

Asset Value (Market) as of 12/31/17: $19,322,588
Contributions: $2,981,401
Payouts: $4,929,863
Expenses: $228,712

4 responses to this post.

  1. Thanks for tracking and sharing this data. Have you considered using Google sheets instead? I’ve found it to be the best way to disseminate and share data of this nature with a broad audience. One other data point that might be interesting would be date of filing. Would be interesting to chart the incidence and dollar value of these over time.

    Reply

    • Almost deleted this by accident since I took it for spam at first. Never heard of google sheets but will look into it. Date of filing is a good column to add and will do it for the next spreadsheet. It will be the date of the initial filing since, though there are 25 plans, on the MPRA website there are 34 filings as some withdraw or get denied and refile.

      Reply

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