April 17, 2017 01:00 AM
The funded status of corporate pension funds
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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.
Source: Company reports
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