What you’ll find in this survey — and why you should care

For trustees of multiemployer pension funds, there’s no greater challenge than navigating your plan through volatile periods. Knowing the details of how similarly situated plans have performed can provide a benchmark for your own plan’s performance.

The survey includes the most current data available from “zone-status” certifications for which Segal is the actuary, of nearly 200 calendar-year plans that were filed by March 31, 2023. As a group, these plans have more than $133 billion in assets and provide benefits to over 2.7 million participants.

This data, combined with the insight we’ve developed from decades of working with multiemployer pension plans, makes this report an invaluable tool for trustees.

You’ll learn:

• How plan zone status has changed from 2022 to 2023
• The decrease in the market value funded percentage due to investment losses
• The impact of asset smoothing on funded percentage used for zone status
• How Special Financial Assistance under the American Rescue Plan Act impacted plans
• How “burn rate” impacts a plan’s zone status
• Industry differences in zone status, burn rate and inactive-to-active ratio
• Looking ahead, what changes we can expect and how plans can mitigate risks