|Funding Status Characteristics of Defined Benefit Plans, 1993|
|Item||Total Plans||Single Employer Plans||Multiemployer Plans|
|Total||Not Collectively Bargained||Collectively Bargained|
|Number of plans1/||61,175||59,372||52,285||7,086||1,803|
|Assets (in millions)||1,121,437||936,965||575,714||361,251||184,472|
|Net excess assets (assets-liabilities)||215,032||206,670||149,716||56,954||8,362|
|Percent of plans fully funded||79||79||82||59||73|
|Median funding ratio2/||1.24||1.25||1.26||1.07||1.13|
|Fully Funded Plans|
|Number of plans1/||48,343||47,023||42,848||4,175||1,320|
|Assets (in millions)||940,225||827,056||540,549||286,507||113,169|
|Net excess assets (assets-liabilities)||253,793||234,762||154,924||79,837||19,031|
|Median funding ratio2/||1.34||1.34||1.35||1.29||1.21|
|Not Fully Funded Plans|
|Number of plans1/||12,832||12,349||9,438||2,911||484|
|Assets (in millions)||181,213||109,909||35,166||74,744||71,303|
|Net excess assets (assets-liabilities)||-38,761||-28,092||-5,209||-22,883||-10,669|
|Median funding ratio2/||0.85||0.85||0.85||0.82||0.90|
1/This is the number of defined benefit plans reporting complete actuarial data on Form 5500 series reports for 1993. As indicated in Table A1 the actual number of defined benefit plans filing 1993 reports was 83,596.
2/Funding ratios were computed based on liability amounts as reported by plans. These median ratios are not comparable to PBGC data on funding ratios which adjust plan reported liabilities to common interest rate and mortality assumptions.
NOTE: A fully funded plan is defined as a plan in which assets are equal or greater than current liabilities.
SOURCE: Form 5500 series
reports filed with the Internal Revenue Service for 1993 plan
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