The largest corporate pension plans ranked by funding ratio -- plan assets as a percentage of projected benefit obligation -- as of Dec. 31, 2016, unless otherwise noted. Dollars are in millions.
Rank
Pension fund
Fair value of plan assets
Benefit obligation
Funded
status
Plan assets
as % of
PBO
1
NextEra Energy
$3,651
$2,474
$1,177
147.6%
2
BB&T
$5,044
$3,939
$1,105
128.1%
3
Bank of America
$18,239
$14,982
$3,257
121.7%
4
J.P. Morgan Chase
$14,272
$12,216
$2,056
116.8%
5
BNY Mellon
$4,906
$4,274
$632
114.8%
6
Nokia
$23,472
$20,823
$2,649
112.7%
7
Duke Energy
$8,531
$8,131
$400
104.9%
8
WestRock Co.1
$4,302
$4,232
$70
101.6%
9
PNC Financial Services
$4,617
$4,547
$70
101.5%
10
Target2
$3,785
$3,760
$25
100.7%
11
Travelers
$3,387
$3,367
$20
100.6%
12
Prudential Financial
$12,861
$12,917
-$56
99.6%
13
J.C. Penney2
$3,455
$3,473
-$18
99.5%
14
IBM
$51,405
$52,218
-$813
98.4%
15
Aetna
$5,914
$6,032
-$118
98.0%
16
Macy's2
$3,374
$3,469
-$95
97.3%
17
Honeywell International
$16,814
$17,414
-$600
96.6%
18
American Electric Power
$4,827
$5,086
-$259
94.9%
19
Goodyear Tire & Rubber
$4,972
$5,285
-$313
94.1%
20
Wells Fargo
$10,120
$10,774
-$654
93.9%
21
Southern Co.
$11,583
$12,385
-$802
93.5%
22
Eastman Kodak
$3,653
$3,908
-$255
93.5%
23
Citigroup
$12,363
$13,271
-$908
93.2%
24
Kraft Heinz
$4,788
$5,157
-$369
92.8%
25
Morgan Stanley
$3,431
$3,711
-$280
92.5%
26
Ford
$41,252
$44,936
-$3,684
91.8%
27
Union Pacific
$3,748
$4,110
-$362
91.2%
28
Bristol-Myers Squibb
$5,831
$6,440
-$609
90.5%
29
Merck
$9,766
$10,849
-$1,083
90.0%
30
PSEG
$5,193
$5,772
-$579
90.0%
31
Altria
$7,475
$8,312
-$837
89.9%
32
General Motors
$61,622
$68,827
-$7,205
89.5%
33
Coca-Cola
$8,371
$9,428
-$1,057
88.8%
34
Abbott Labs
$7,542
$8,517
-$975
88.6%
35
Consolidated Edison
$12,472
$14,095
-$1,623
88.5%
36
U.S. Steel
$5,482
$6,214
-$732
88.2%
37
Emerson Electric1
$4,110
$4,696
-$586
87.5%
38
United Technologies
$30,555
$34,923
-$4,368
87.5%
39
3M
$14,081
$16,202
-$2,121
86.9%
40
PepsiCo
$11,458
$13,192
-$1,734
86.9%
41
Dominion Resources
$7,016
$8,132
-$1,116
86.3%
42
Textron
$6,874
$7,991
-$1,117
86.0%
43
General Mills3
$5,540
$6,449
-$909
85.9%
44
Allstate
$5,650
$6,591
-$941
85.7%
45
Schlumberger
$3,625
$4,240
-$615
85.5%
46
PG&E
$14,729
$17,305
-$2,576
85.1%
47
Deere4
$11,137
$13,086
-$1,949
85.1%
48
Reynolds American
$5,648
$6,674
-$1,026
84.6%
49
Ameren
$3,813
$4,518
-$705
84.4%
50
Johnson & Johnson
$23,633
$28,116
-$4,483
84.1%
51
HP4
$10,176
$12,144
-$1,968
83.8%
52
MetLife
$9,164
$10,960
-$1,796
83.6%
53
The Hartford
$4,678
$5,650
-$972
82.8%
54
Weyerhaeuser
$5,351
$6,469
-$1,118
82.7%
55
FedEx5
$24,271
$29,602
-$5,331
82.0%
56
CenturyLink
$10,892
$13,301
-$2,409
81.9%
57
Eli Lilly
$10,180
$12,456
-$2,276
81.7%
58
Cigna
$3,977
$4,888
-$911
81.4%
59
Huntington Ingalls Industries
$4,911
$6,050
-$1,139
81.2%
60
Pfizer
$12,556
$15,547
-$2,991
80.8%
61
Northrop Grumman
$24,384
$30,409
-$6,025
80.2%
62
Exelon
$16,791
$21,060
-$4,269
79.7%
63
PPL
$3,243
$4,079
-$836
79.5%
64
Southern California Edison
$3,388
$4,284
-$896
79.1%
65
Johnson Controls1
$3,293
$4,169
-$876
79.0%
66
Baxter International
$4,501
$5,717
-$1,216
78.7%
67
Eversource Energy
$4,076
$5,242
-$1,166
77.8%
68
AIG
$3,843
$4,948
-$1,105
77.7%
69
DTE Energy
$4,012
$5,171
-$1,159
77.6%
70
UPS
$31,215
$41,069
-$9,854
76.0%
71
AT&T
$42,610
$56,183
-$13,573
75.8%
72
ConAgra3
$2,959
$3,903
-$944
75.8%
73
International Paper
$10,312
$13,683
-$3,371
75.4%
74
U.S. Bancorp
$3,769
$5,073
-$1,304
74.3%
75
Marsh & McLennan
$4,365
$5,894
-$1,529
74.1%
76
Boeing
$56,692
$76,745
-$20,053
73.9%
77
Sysco6
$3,115
$4,285
-$1,170
72.7%
78
Entergy
$5,171
$7,143
-$1,971
72.4%
79
Raytheon
$18,605
$25,787
-$7,182
72.1%
80
Chevron
$9,550
$13,271
-$3,721
72.0%
81
Walt Disney7
$10,401
$14,480
-$4,079
71.8%
82
Dow Chemical
$21,208
$30,280
-$9,072
70.0%
83
Caterpillar
$11,354
$16,218
-$4,864
70.0%
84
Lockheed Martin.
$31,417
$45,064
-$13,647
69.7%
85
CBS
$3,244
$4,660
-$1,416
69.6%
86
Verizon Communications
$14,663
$21,112
-$6,449
69.5%
87
Unisys
$3,452
$4,972
-$1,520
69.4%
88
Sears2
$3,567
$5,165
-$1,598
69.1%
89
General Dynamics
$8,980
$13,022
-$4,042
69.0%
90
Motorola Solutions
$3,195
$4,644
-$1,449
68.8%
91
DuPont
$16,656
$24,831
-$8,175
67.1%
92
Sempra Energy
$2,459
$3,679
-$1,220
66.8%
93
Arconic
$4,666
$7,026
-$2,360
66.4%
94
Harris Corp.8
$4,273
$6,471
-$2,198
66.0%
95
FirstEnergy
$6,213
$9,426
-$3,213
65.9%
96
General Electric
$45,893
$71,501
-$25,608
64.2%
97
Exxon Mobil
$12,793
$19,960
-$7,167
64.1%
98
United Continental Holdings
$3,355
$5,253
-$1,898
63.9%
99
American Airlines
$10,017
$17,238
-$7,221
58.1%
100
Delta Air Lines
$10,301
$20,859
-$10,558
49.4%
Totals/averages
$1,140,546
$1,398,501
-$257,955
81.6%
Average for 2016
84.9%
Average for 2015
85.1%
Average for 2014
85.7%
Notes: 1 Data are as of Sept. 30, 2016; 2 Data are as of Jan. 28, 2017; 3 Data are as of May 29, 2016; 4 Data are as of Oct. 31, 2016; 5 Data are as of May 31, 2016; 6 Data are as of July 2, 2016; 7 Data are as of Oct. 1, 2016; 8 Data are as of July 1, 2016.
