United Parcel Service Inc., Atlanta, contributed $3.1 billion to its global defined benefit plans in 2020.
Of that total, the shipping company made discretionary contributions of $2.8 billion during the year, according to an 8-K filing with the SEC on Tuesday.
How the contributions were split by region was not known.
In its most recent 10-K filing in February 2020, UPS said it had planned to contribute $1 billion to the U.S. plans and $62 million to the non-U.S. plans during the year.
As of Dec. 31, 2019, the company's U.S. pension plan assets totaled $46.172 billion, while projected benefit obligations totaled $54.039 billion, for a funding ratio of 85.4%, according to that 10-K filing. As of that same date, UPS' non-U.S. pension plan assets totaled $1.558 billion, while the PBO totaled $1.906 billion, for a funding ratio of 81.7%.
UPS spokesman Glenn Zaccara could not be immediately reached for further information.
