On average, corporate pension funding ratios increased to 97.3% at the end of the second quarter from 95.4% three months earlier, according to estimates from Barrow, Hanley, Mewhinney & Strauss. The consumer discretionary and financial sectors had the highest pension funded status at 101.4% and 107.3%, respectively. At the other end of the spectrum, real estate was at 92.2%.
Financial sector leads in pension funding
At the industry level, the best funded was diversified consumer service, but this only consisted of two companies. Out of the top 10 funded industries, four come from the finance sector.
The industries that have the lowest pension funding ratios come from a mix of sectors. For the bottom 10, funding levels range from 85.3% to 89.3%.