Table: The funded status of corporate pension funds

The largest corporate pension plans ranked by funding ratio — plan assets as a percentage of projected benefit obligation — as of Dec. 31, 2018, unless otherwise noted. Dollars are in millions.
RankPlan sponsorFair value
of plan
assets
Benefit
obligation
Funded
status
Funding
ratio
Employer
contri-
bution
Actual
return on
plan assets
% return
on plan
assets
Benefits
paid
Discount
rate
Expected
long-term
return
1NextEra Energy$3,806$2,522$1,284150.9%$0-$69-1.81%$1604.26%7.35%
2Bank of America$18,178$14,144$4,034128.5%$0-$550-3.03%$9804.32%6.00%
3BB&T$5,968$4,697$1,271127.1%$169-$397-6.65%$1134.43%7.00%
4BNY Mellon$5,040$4,123$917122.2%$33-$257-5.10%$2323.97%6.63%
5SunTrust Banks$2,885$2,468$417116.9%$8-$100-3.47%$1784.27%5.90%
6J.P. Morgan Chase$18,052$15,512$2,540116.4%$75-$548-3.04%$8734.30%5.50%
7PNC Financial Services Group$4,963$4,355$608114.0%$200-$193-3.89%$2974.30%6.00%
8Travelers Cos.$3,771$3,444$327109.5%$200-$179-4.75%$2074.39%7.00%
9Emerson Electric1$4,233$3,957$276107.0%$20$2656.26%$2053.50%7.50%
10Honeywell International$17,109$16,141$968106.0%$34-$303-1.77%$1,1374.35%7.75%
11Duke Energy$8,233$7,869$364104.6%$141-$344-4.18%$5674.30%6.50%
12Deere2$12,602$12,108$494104.1%$938$3162.51%$7114.10%5.70%
13WestRock1$3,921$3,784$138103.6%$14-$25-0.64%$1754.50%6.50%
14Bristol-Myers Squibb$6,129$5,966$163102.7%$71-$203-3.31%$1233.50%6.20%
15Eastman Kodak$3,445$3,405$40101.2%$0$551.60%$4144.04%6.40%
16IBM$48,213$47,812$401100.8%$0-$997-2.07%$3,4844.10%5.25%
17Macy's3$3,018$3,011$7100.2%$0-$44-1.46%$3474.03%6.75%
18Target3$3,925$3,928-$399.9%$109-$66-1.68%$2414.28%6.30%
19Conagra Brands4$3,355$3,424-$6998.0%$313$2768.23%$1814.14%7.50%
20American Electric Power $4,696$4,810-$11497.6%$11-$105-2.23%$3854.30%6.00%
21FedEx5$22,057$22,653-$59697.4%$2,547$1,6097.29%$8544.27%6.50%
22Prudential Financial$12,807$13,185-$37897.1%$219-$224-1.75%$7974.30%6.25%
23CVS Health$5,663$5,841-$17897.0%$12-$17-0.30%$414.00%6.60%
24Charter Communications$2,943$3,041-$9896.8%$6-$118-4.01%$494.37%5.75%
25General Mills6$6,177$6,416-$23996.3%$42$4978.04%$2984.20%7.88%
26Ford Motor$39,774$42,269-$2,49594.1%$140-$1,627-4.09%$2,8804.29%6.75%
27Abbott Laboratories$8,553$9,093-$54094.1%$114-$450-5.26%$2954.00%7.70%
28Goodyear Tire & Rubber$4,445$4,734-$28993.9%$0-$110-2.47%$4184.24%4.58%
29Weyerhaeuser$4,930$5,263-$33393.7%$345$1232.49%$1,0244.40%8.00%
30Wells Fargo$9,477$10,129-$65293.6%$10-$478-5.04%$7194.30%6.24%
31United Technologies$35,253$37,795-$2,54293.3%$238-$1,667-4.73%$1,9324.00%6.80%
32AT&T$51,681$55,439-$3,75893.2%$9,307-$1,044-2.02%$4,6324.50%7.00%
33Consolidated Edison Co. of New York$13,450$14,449-$99993.1%$473-$536-3.99%$7154.25%7.50%
34Union Pacific$3,887$4,181-$29493.0%$29-$139-3.58%$2274.23%7.00%
353M$14,803$15,948-$1,14592.8%$254-$95-0.64%$1,0344.36%7.25%
36 Coca-Cola$7,409$8,004-$59592.6%$107-$271-3.66%$2854.00%8.00%
37Altria Group$7,138$7,726-$58892.4%$41-$430-6.02%$4884.40%7.80%
38General Motors$56,102$61,190-$5,08891.7%$76-$1,419-2.53%$4,8984.22%6.61%
39Kellogg$4,677$5,117-$44091.4%$270-$299-6.39%$2363.90%7.40%
40Southern California Edison$3,124$3,431-$30791.1%$52-$86-2.75%$2324.19%6.50%
41Verizon Communications$17,816$19,567-$1,75191.1%$1,066-$494-2.77%$1,4754.40%7.00%
42Southern Co.$11,611$12,763-$1,15291.0%$55-$711-6.12%$6184.49%7.95%
43Rockwell Collins1$3,552$3,908-$35690.9%$467$1203.38%$2194.02%8.00%
44Merck$9,648$10,620-$97290.8%$378-$810-8.40%$7724.40%8.20%
45Citigroup$11,490$12,655-$1,16590.8%$55-$445-3.87%$8454.25%6.70%
46Sysco7$3,666$4,043-$37790.7%$409$1965.35%$2804.28%7.00%
47Textron$7,122$7,901-$77990.1%$39-$335-4.70%$4224.24%7.58%
48Chubb$2,784$3,092-$30890.0%$34-$218-7.83%$1084.20%7.00%
49HP8$10,018$11,167-$1,14989.7%$33-$267-2.67%$5754.50%6.90%
50U.S. Bancorp$4,936$5,507-$57189.6%$24-$365-7.39%$1554.45%7.25%
51PepsiCo$12,258$13,807-$1,54988.8%$1,495-$789-6.44%$9564.40%7.20%
52Harris9$5,098$5,774-$67688.3%$303$3076.02%$4024.05%7.66%
53United States Steel $4,960$5,626-$66688.2%$0-$228-4.60%$5444.41%6.85%
54PG&E$15,312$17,407-$2,09588.0%$334-$923-6.03%$7514.35%6.00%
55Huntington Ingalls Industries $5,726$6,519-$79387.8%$516-$398-6.95%$2353.85%7.25%
56Walt Disney10$12,728$14,500-$1,77287.8%$335$5794.55%$4674.31%7.50%
57Schlumberger$3,748$4,278-$53087.6%$4-$112-2.99%$2024.30%7.25%
58Cigna$4,151$4,741-$59087.6%$3$852.05%$3144.23%7.00%
59Ameren$3,899$4,459-$56087.4%$60-$218-5.59%$2364.25%7.00%
60United Parcel Service$39,554$45,333-$5,77987.3%$19-$1,007-2.55%$1,3904.50%7.75%
61CenturyLink$10,033$11,594-$1,56186.5%$500-$349-3.48%$1,1784.29%6.50%
62Public Service Enterprise Group$5,120$5,921-$80186.5%$12-$388-7.58%$3164.41%7.80%
63Pfizer$13,051$15,141-$2,09086.2%$500-$796-6.10%$5464.40%7.50%
64Pinnacle West Capital$2,733$3,191-$45785.7%$50-$201-7.36%$1724.34%6.05%
65Allstate$5,299$6,224-$92585.1%$16-$300-5.66%$6464.31%7.32%
66Baxter International$4,769$5,623-$85484.8%$51-$237-4.97%$2594.31%6.25%
67Johnson & Johnson$26,818$31,670-$4,85284.7%$1,140-$1,269-4.73%$1,0183.76%8.46%
68Dominion Energy$7,197$8,500-$1,30384.7%$6-$513-7.13%$3584.42%8.75%
69MetLife$8,948$10,591-$1,64384.5%$306-$423-4.73%$6234.35%5.75%
70Eaton$3,068$3,633-$56584.4%$17-$252-8.21%$2824.28%7.52%
71American International Group$3,840$4,553-$71384.3%$16-$204-5.31%$3224.22%6.75%
72Northrop Grumman$27,150$32,231-$5,08184.2%$370-$1,043-3.84%$1,6854.31%8.00%
73Hartford Financial Services Group$3,344$4,000-$65683.6%$103-$172-5.14%$1614.35%6.60%
74International Paper$8,735$10,467-$1,73283.5%$29-$332-3.80%$6774.30%7.50%
75DTE Energy$4,273$5,124-$85183.4%$185-$233-5.45%$3154.40%7.50%
76Medtronic11$2,661$3,202-$54183.1%$215$2439.13%$1084.28%7.90%
77Eversource Energy$4,574$5,520-$94682.9%$186-$75-1.64%$2624.34%8.25%
78Eli Lilly$11,064$13,662-$2,59881.0%$325-$370-3.35%$5823.90%7.30%
79Exelon$16,678$20,692-$4,01480.6%$337-$945-5.67%$1,2394.31%7.00%
80PPL$3,109$3,883-$77480.1%$153-$260-8.36%$2724.35%7.25%
81Caterpillar$12,697$15,953-$3,25679.6%$1,039-$784-6.17%$9714.20%6.30%
82Xcel Energy$2,742$3,477-$73578.9%$150-$142-5.18%$3544.31%6.87%
83Boeing$56,102$71,424-$15,32278.5%$16-$2,585-4.61%$4,5574.20%6.80%
84DowDuPont $41,462$53,014-$11,55278.2%$2,964-$1,524-3.68%$3,2234.36%7.08%
85Alcoa$4,610$5,997-$1,38776.9%$996-$129-2.80%$4034.21%6.89%
86Raytheon$19,321$25,456-$6,13575.9%$2,139-$775-4.01%$2,5274.28%7.38%
87Motorola Solutions$3,673$4,864-$1,19175.5%$503-$339-9.23%$1054.47%6.95%
88Entergy$5,497$7,405-$1,90874.2%$384-$348-6.33%$6084.42%7.50%
89Lockheed Martin$32,002$43,305-$11,30373.9%$5,000-$1,893-5.92%$2,3794.25%7.00%
90FirstEnergy $6,984$9,462-$2,47873.8%$1,270-$363-5.20%$4984.44%7.50%
91Marsh & McLennan$4,062$5,529-$1,46773.5%$30-$330-8.12%$4253.48%5.83%
92General Dynamics$11,532$15,720-$4,18873.4%$571-$749-6.49%$7224.28%7.45%
93General Electric$50,009$68,500-$18,49173.0%$6,283-$2,996-5.99%$3,7294.34%6.75%
94Chevron$8,532$11,726-$3,19472.8%$803-$566-6.63%$1,6534.20%6.80%
95United Continental Holdings$3,827$5,396-$1,56970.9%$413-$215-5.62%$2924.20%7.31%
96Unisys$3,113$4,558-$1,44568.3%$87-$193-6.21%$3604.50%6.80%
97Delta Air Lines$13,459$19,809-$6,35067.9%$523-$700-5.20%$1,0934.33%8.97%
98Arconic$4,334$6,476-$2,14266.9%$298-$144-3.32%$3974.35%7.00%
99American Airlines Group$10,053$16,378-$6,32561.4%$475-$1,151-11.45%$6624.40%8.00%
100Exxon Mobil$11,134$18,174-$7,04061.3%$491-$710-6.38%$1,7154.40%6.00%
Totals/averages$1,163,580$1,335,095-$171,51587.2%$51,197-$41,038-3.53%$81,7244.25%7.00%
Notes: 1 As of Sept. 30, 2018; 2 As of Oct. 28, 2018; 3 As of Feb. 2, 2019; 4 As of July 27, 2018; 5 As of May 31, 2018; 6 As of May 27, 2018; 7 As of June 30, 2018; 8 As of Oct. 31, 2018; 9 As of June 29, 2018; 10 As of Sept. 29, 2018; 11 As of April 27, 2018.
Source: Company reports