Southern Co., Atlanta, contributed $1.2 billion to its pension plans in 2019, the company disclosed in its 10-K filing Thursday with the SEC.
Of that total, the company contributed $1.136 billion in December and now expects not to make any contributions to its qualified pension plan in 2020, the filing said.
As of Dec. 31, pension plan assets totaled $14.06 billion, while projected benefit obligations totaled $14.79 billion, for a funding ratio of 95.1%, up from 91% a year earlier. The discount rate as of that date was 3.41%, down from 4.49% a year earlier.
The 10-K filing did not provide asset allocation information.