The Mechanical Contractors Association of America, Inc. (MCAA) and Horizon Actuarial Services, LLC have partnered to build an inventory of historical data for multiemployer pension plans in the construction industry.

The purpose of this inventory is to summarize and analyze key trends in plan demographics, cash flows, investments, funding, and costs over a ten-year period. By analyzing these trends, we can better understand how these construction industry plans have evolved over the past decade and where they may be headed in the future.  This report also examines plan investment fees and operating expenses for construction industry plans. If you are a plan trustee, you may find this section of the report useful as a comparison tool.

As an appendix, the report  provides detailed results by trade within the construction industry, as well as a separate section containing exhibits specific to plans co-sponsored by MCAA employers and the Plumbers and Pipefitters.  This report also provides a listing of all of the construction industry plans included in the inventory. If you are an employer participating in one or more of these plans, the information in this listing will help you comply with the new multiemployer plan disclosures required by the Financial Accounting Standards Board (FASB).

The report can be viewed below.

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     Inventory of Construction Industry Pension Plans – 2014 Edition

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The report can also be viewed at the MCAA’s website.
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Horizon Actuarial Services, LLC has partnered with the International Foundation of Employee Benefits Plans to conduct a study of U.S. multiemployer defined benefit pension plans.  The study covers multiemployer plans in all industries, building upon the similar study of construction industry plans that Horizon Actuarial originally conducted with the Mechanical Contractors Association of America (MCAA) in 2012.

The report – The Multiemployer Retirement Plan Landscape: A Ten-Year Look (2003-2012) – is available at the International Foundation’s website at www.ifebp.org/multiemployerretirement. The report provides a look at historical trends for U.S. multiemployer retirement plans for the ten-year period from 2003 to 2012.  It will help plan trustees, professional service providers, and policymakers gain a better understanding of these plans and their environment. The report may also serve as a useful comparison tool, enabling trustees and advisors to understand how their plans compare with others with respect to demographics, cash flows, investments, and funding.

While the first edition of the report (covering the ten-year period from 2002 through 2011) focused only on multiemployer defined benefit (DB) pension plans, this second edition of the report also includes information on multiemployer defined contribution (DC) retirement plans.
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Please contact your Horizon Actuarial consultant if you have any questions.