The funding status of company pension funds 2022

Largest corporate pension plans ranked by funded ratio – plan assets as a percentage of projected benefit obligation – as of December 31, 2021, unless otherwise noted. Dollars are in millions.

Rank plan sponsor Funding rate Fair value of plan assets Performance obligation Funded Status Long-term expected rate of return
1 NextEra Energy 165.1% $5,688 $3,445 $2,243 7.35%
2 Financial truist 156.8% $16,399 $10,461 $5,938 6.70%
3 JPMorgan Chase 142.4% $25,692 $18,046 $7,646 2.97%
4 Bank of America 140.8% $22,078 $15,676 $6,402 5.75%
5 Eastman Kodak 131.1% $4,105 $3,132 $973 5.20%
6 BNY Mellon 129.1% $6,129 $4,747 $1,382 5.38%
seven PNC Financial Services 125.2% $6,788 $5,423 $1,365 4.40%
8 Deere1 118.3% $17,190 $14,525 $2,665 6.00%
9 Honeywell 118.2% $20,560 $17,391 $3,169 6.15%
ten Cummins 117.8% $3,548 $3,012 $536 6.25%
11 CMS Energy/Energy Consumers 117.2% $3,599 $3,070 $529 6.75%
12 Travelers 116.4% $4,902 $4,212 $690 6.50%
13 Kraft-Heinz2 115.4% $4,445 $3,852 $593 4.20%
14 duke energy 112.5% $9,235 $8,207 $1,028 6.50%
15 Emerson Electric3 111.7% $4,844 $4,338 $506 6.50%
16 Chubb 111.2% $4,151 $3,732 $419 7.00%
17 SVC Health 111.1% $6,677 $6,009 $668 4.80%
18 Dominion Energy 109.7% $11,945 $10,890 $1,055 7.73%
19 DXC Technology4 108.0% $13,425 $12,436 $989 5.60%
20 IBM 107.6% $51,852 $48,182 $3,670 3.75%
21 WestRock3 107.4% $5,627 $5,239 $388 6.00%
22 Consolidated Edison Co. of New York 106.6% $18,504 $17,357 $1,147 7.00%
23 textron5 106.5% $9,947 $9,339 $608 7.10%
24 The Hartford 106.1% $4,467 $4,210 $257 5.40%
25 resume1 105.6% $6,060 $5,740 $320 5.00%
26 Abbott Laboratories 105.4% $13,468 $12,773 $695 7.50%
27 American 105.3% $5,745 $5,457 $288 6.50%
28 Southern Company 105.1% $17,225 $16,382 $843 8.25%
29 Wells Fargo 105.0% $11,581 $11,032 $549 5.17%
30 Union Pacific 104.9% $5,554 $5,296 $258 6.25%
31 Steel in the United States 103.9% $5,632 $5,422 $210 6.82%
32 Coca Cola 103.8% $8,905 $8,580 $325 7.25%
33 American Electric Power 103.2% $5,353 $5,187 $166 4.75%
34 Prudential Financial 103.1% $15,242 $14,787 $455 5.75%
35 Southern California Edison 103.0% $4,296 $4,171 $125 5.50%
36 Target6 103.0% $4,433 $4,305 $128 5.80%
37 Conagraseven 102.9% $3,849 $3,739 $110 3.74%
38 Altria Group 102.9% $8,793 $8,544 $249 6.60%
39 West Pinnacle Capital 102.6% $3,812 $3,717 $95 5.30%
40 International paper 102.0% $12,075 $11,833 $242 6.40%
41 Citigroup 101.7% $12,977 $12,766 $211 5.00%
42 American bank 101.0% $8,113 $8,030 $83 6.50%
43 Johnson & Johnson 100.8% $41,930 $41,582 $348 7.71%
44 Schlumberger 100.6% $4,696 $4,668 $28 6.60%
45 Allstate 100.4% $6,525 $6,500 $25 7.06%
46 Verizon Communications 99.6% $20,087 $20,167 -$80 6.50%
47 General Engines 99.5% $59,921 $60,208 -$287 5.63%
48 American international group 99.0% $4,746 $4,795 -$49 5.15%
49 Huntington Ingalls 98.7% $8,460 $8,569 -$109 7.25%
50 Xcel Energy 98.7% $3,670 $3,718 -$48 6.49%
51 Goodyear tire and rubber 98.7% $5,720 $5,798 -$78 3.74%
52 Ford engine 98.6% $48,355 $49,020 -$665 6.50%
53 PepsiCo2 98.1% $15,904 $16,216 -$312 6.40%
54 eaton 97.7% $3,672 $3,760 -$88 6.75%
55 BVG 97.4% $3,887 $3,989 -$102 7.25%
56 General Mills8 96.7% $7,460 $7,714 -$254 5.72%
57 Eversource Energy 96.5% $6,496 $6,730 -$234 8.25%
58 caterpillar 96.3% $17,227 $17,895 -$668 4.20%
59 P&E 96.2% $21,895 $22,759 -$864 5.50%
60 L3Harris Technologies 96.0% $9,604 $10,007 -$403 7.43%
61 Public Service Enterprise Group 95.4% $6,906 $7,240 -$334 7.70%
62 Pfizer 95.3% $16,346 $17,150 -$804 6.80%
63 AT&T 95.1% $54,401 $57,212 -$2,811 6.75%
64 fedex8 94.8% $29,785 $31,423 -$1,638 6.75%
65 Kellogg5 94.7% $4,959 $5,236 -$277 6.00%
66 Raytheon Technologies 94.2% $63,323 $67,214 -$3,891 6.50%
67 Energy DTE 94.0% $5,507 $5,857 -350$ 6.70%
68 Alcoa 93.7% $4,306 $4,594 -$288 5.66%
69 3M 93.6% $16,953 $18,104 -$1,151 6.50%
70 Eli Lily 93.5% $16,416 $17,565 -$1,149 6.80%
71 Merck 93.3% $13,067 $13,999 -$932 6.70%
72 Northrop Grumman 93.2% $36,236 $38,888 -$2,652 7.50%
73 Sysco9 93.1% $4,655 $5,001 -$346 4.75%
74 Cleveland Cliffs 92.9% $5,606 $6,036 -$430 6.84%
75 Cigna 92.8% $4,846 $5,223 -$377 6.75%
76 Delta Airlines 92.5% $19,502 $21,073 -$1,571 8.98%
77 Medtronicten 92.0% $3,660 $3,979 -319$ 7.50%
78 United Parcel Service 91.2% $55,954 $61,378 -$5,424 6.50%
79 Corteva 90.1% $17,827 $19,775 -$1,948 5.73%
80 MetLife 90.1% $10,971 $12,182 -$1,211 5.00%
81 Boeing 89.7% $67,813 $75,635 -$7,822 6.30%
82 AbbVie 88.7% $10,655 $12,006 -$1,351 7.10%
83 Corning 88.3% $3,598 $4,075 -$477 6.00%
84 Lumen Technologies 88.1% $8,531 $9,678 -$1,147 5.50%
85 Exelon 87.3% $20,827 $23,846 -$3,019 7.00%
86 waltz disney11 86.3% $18,076 $20,955 -$2,879 7.00%
87 Dow 85.4% $28,167 $32,977 -$4,810 7.96%
88 General dynamics 85.3% $15,167 $17,779 -$2,612 7.14%
89 Baxter International 85.2% $3,784 $4,443 -$659 5.50%
90 General Electric 84.4% $60,990 $72,299 -$11,309 6.25%
91 Marsh and McLennan 84.0% $5,537 $6,594 -$1,057 4.73%
92 Parker-Hannifin12 83.9% $5,306 $6,323 -$1,017 6.75%
93 Hall 83.2% $6,993 $8,410 -$1,417 6.75%
94 Lockheed Martin 81.0% $35,192 $43,447 -$8,255 6.50%
95 Motorola Solutions 80.9% $4,157 $5,140 -$983 6.75%
96 FirstEnergy 78.6% $9,020 $11,479 -$2,459 7.50%
97 American airlines 77.7% $14,691 $18,910 -$4,219 8.00%
98 Chevron 76.5% $9,919 $12,966 -$3,047 6.50%
99 Exxon Mobil 71.7% $13,266 $18,511 -$5,245 5.30%
100 United Airlines 71.5% $4,626 $6,473 -$1,847 7.28%
Totals/Averages 96.9% $1,462,705 $1,509,862 -$47,157 6.27%
Remarks:1 As of October 31; 2As of December 25; 3As of September 30; 4As of March 31, 2021; 5As of January 1; 6As of January 29; sevenAs of May 30; 8As of May 31; 9As of July 3; tenAs of April 30, 2021; 11As of October 2; 12As of June 30.