Status of Multi Employer Pension Funds for DC PLAs

Page 1

Laborers 657 (LiUNA)

Painters and Allied Trades District Council 51

Plasterers’ and Cement Masons 891

No. 2

Washington, D.C. Cement Masons Pension Trust Fund

Washington, DC Local 5 Plumbers Plumbers

SMART

Seriously Endangered: 2016, 2015, 2014, and 2013

Endangered: 2020, 2019, 2012 and 2011

1.1 to 1 (2019)

Endangered: 2016 and 2011 1.13 to 1 (2019)

Endangered: 2012 and 2010

Critical: 2020, 2019, 2016

3.0 to 1 (2019)

Endangered: 2018, 2017, 2015, 2013, 2012, 2011, and 2010 2.1 to 1 (2019)

Critical: 2019, 2015, 2014, 2013, 2012, 2011, and 2010 1.01 to 1 (2019)

Critical: 2016, 2011, and 2010

Endangered: 2020, 2019, 2018, 2017

Critical: 2013, 2012, 2011, and 2010

Endangered: 2020, 2019, 2016 and 2015

4.5 to 1 (2019)

1.3 to 1 (2019)

Heating,

Steamfitters UA

602

Endangered: 2013, 2014, 2011, and 2010 0.6 to 1 (2018) Teamsters

Endangered: 2009 1.5 to 1 (2019) Mid-Atlantic

Endangered: 2015 1.45 to 1 (2019)

Status of Multiemployer Pension Funds for Unions Participating in the PLA on the D.C. United Soccer Stadium
Construction Union Multiemployer Pension Plan Status of Plan1
of Inactive to Active Participants2
Local
Ratio
Laborers’ District Council Pension and Disability Trust Fund
International Painters & Allied Trades Industry Pension Plan
and Pipefitters National Pension Fund
Road
Fitters
Industry Pension
UA Local Union 669
Sprinkler
National Automatic Sprinkler
Plan
Union Local 30
Roofers Union Local
Combined Pension Plan
Roofers
Composition
30
Pension
(Sheet Metal, Air, Rail, Transportation) Local 100 SMW National
Fund
Local
Refrigeration
Piping, and
Pension Fund
Local
Teamsters Local
Employers Pension Trust Fund
639
639
Regional Council of Carpenters Mid-Atlantic Regional Council of Carpenters Pension Plan

Stone and Marble Masons of Metropolitan

D.C. Pension Fund

1.2 to 1

(2019)

2From IRS Form 5500 published by the U.S. Department of Labor

Endangered/Seriously Endangered: A plan is in endangered status if (1) the plan's funded ratio is less than 80% or (2) the plan has a funding deficiency in the current year or is projected to have one in the next six years. A plan is seriously endangered if it meets both of these criteria.

Critical: A plan is in critical status if any of the following conditions apply: (1) the plan's funded ratio is less than 65% and in the next six years the value of the plan's assets and contributions will be less than the value of benefits; (2) in the current year, the plan is not expected to receive 100% of the contributions required by the plan sponsor, or the plan is not expected to receive 100% of the required contributions for any of the next three years (four years if the plan's funding ratio is 65% or less); (3) the plan is expected to be insolvent within five years (within seven years if the plan's funding ratio is 65% or less); or (4) the cost of the current year's benefits and the interest on unfunded liabilities are greater than the contributions for the current year, the present value of benefits for inactive participants is greater than the present value of benefits for active participants, and there is expected to be a funding deficiency within five years. Plans not in critical status may elect to be in critical status if they are projected to be so in the next five years.

Local Construction Union Multiemployer Pension Plan Status of Plan1 Ratio of Inactive to Active Participants2
Bricklayers 1, MD, VA, DC Washington
0.6
Operating Engineers
Participating Employers 1.2 to
International Brotherhood of Electrical Workers 26 Electrical Workers Local No. 26 Pension Trust Fund 0.6 to 1 (2019) Iron Workers Local 5 Iron Workers Local No. 5 & IWEA Employees Pension Trust Fund 0.8 to 1 (2019) Ironworkers Local
Rodman Local
2.6
1
Bricklayers and Allied Craftsman Local #1 of MD, VA, and DC Health and Welfare Fund
to1 (2019) International Union of
Local 77 Central Pension Fund of the IUOE &
1 (2019)
201
Union 201 Pension Fund
to
(2019)
1From data published by the U.S. Department of Labor

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