For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Administration May 18, 2011
Number of Green Zone Multi-Employer Plans Increased
May 18, 2011 (PLANSPONSOR.com) – The proportion of green zone multi-employer pension plans continues to increase, according to The Segal Company’s Survey of Calendar-Year Plans’ 2011 Zone Status.
Reported by Rebecca Moore
Two-thirds of calendar-year plans were in the green zone as of January 1, 2011, up from just over half (54%) one year earlier and more than one-third in 2009. In addition, the survey found that the average Pension Protection Act funded percentage for the plans increased to 89% as of January 1, 2011, compared to 86% as of January 1, 2010.
One-quarter (24%) of calendar-year plans are in the red zone (critical status) for 2011, while 10% are in the yellow zone (endangered status).
About 25% of the plans in the survey have a PPA funded percentage of 100% or more, compared to 18% that did in 2010.
The complete report is at http://www.segalco.com/publications/surveysandstudies/spring2011zonestatus2011.pdf.