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METRO-PHILA PENSION & BENEFITS
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<blockquote data-quote="my2cents" data-source="post: 59537"><p>The funding level for the Philly plan does not appear to be that good. It had a funding ratio of 53% in their 2003 5500 filing and a 48% funding level in their 2002 filing. You can find the Philly 5500 filings on <a href="http://freeerisa.benefitspro.com/" target="_blank">free ERISA</a>, if you choose to register for the site. Better still, write the DOL or your fund for a copy of the latest full annual report. The full reports have attached financial and sometimes actuary data, which often gives a better overview of where the plan itself stands. IMO, obtaining a copy of these reports is worth the time and trouble. I have learned many things, which are never included with the Summary Annual Report. In short, the full annual reports are good for spotting potential or actual red flags.</p></blockquote><p></p>
[QUOTE="my2cents, post: 59537"] The funding level for the Philly plan does not appear to be that good. It had a funding ratio of 53% in their 2003 5500 filing and a 48% funding level in their 2002 filing. You can find the Philly 5500 filings on [URL='http://freeerisa.benefitspro.com/']free ERISA[/URL], if you choose to register for the site. Better still, write the DOL or your fund for a copy of the latest full annual report. The full reports have attached financial and sometimes actuary data, which often gives a better overview of where the plan itself stands. IMO, obtaining a copy of these reports is worth the time and trouble. I have learned many things, which are never included with the Summary Annual Report. In short, the full annual reports are good for spotting potential or actual red flags. [/QUOTE]
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