Despite all of the bad news surrounding the most critically underfunded multiemployer pension plans, the overall state of collectively bargained retirement plans is strong, according to analysis from the International Foundation of Employee Benefit Plans and Horizon Actuarial Services.
A study of the ten years between 2004 and 2013, the most recent year for which Form 5500 data is available, show there were 1,387 defined benefit multiemployer plans sponsored in the country.
All but 28 were financially solvent, according to the study.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
