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TABLE E1

Funding Status Characteristics of Defined Benefit Plans, 1993
Item Total Plans Single Employer Plans Multiemployer Plans
Total Not Collectively Bargained Collectively Bargained
All Plans
Number of plans1/ 61,175      59,372 52,285 7,086 1,803
Total participants
(in thousands)
39,449 31,375 20,844 10,531 8,074
Assets (in millions) 1,121,437 936,965 575,714 361,251 184,472
Liabilities
(in millions)
906,405 730,295 425,998 304,297 176,110
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
Total participants
(in thousands)
30,762 25,876 18,435 7,441 4,886
Assets (in millions) 940,225 827,056 540,549 286,507 113,169
Liabilities
(in millions)
686,432 592,294 385,624 206,670 94,137
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
Total participants
(in thousands)
8,687 5,499 2,409 3,091 3,188
Assets (in millions) 181,213 109,909 35,166 74,744 71,303
Liabilities
(in millions)
219,974 138,001 40,374 97,627 81,973
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 years.

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