A majority of corporate pension plans were in good financial health, according to a CIEBA survey released today. The average funded status of corporate plans was 103% in 2006 on an accumulated benefit obligation basis, according to the survey, up from 99% in 2005 and 98% in 2004. The Committee on Investment of Employee Benefit Assets said increases in average funding levels generally were due to strong investment returns. In the survey, plan sponsors also reported contributing a total of $27 billion to their DB plans in 2006. Among defined contribution plans in 2006, the average contribution per employee was $8,150, with employers contributing 29% of the total. The survey was conducted in spring 2007 and covered 112 corporate plans responsible for the management of $966 billion in defined benefit plan assets and $573 billion in defined contribution assets.