compass with pension written on it (Photo: Getty)

The funded status for the nation’s largest corporate defined benefit pension plans remained level in 2022, overcoming a sharp drop in plan assets during a challenging year for investments, according to an analysis from WTW, a global advisory, broking and solutions company.

WTW’s annual report showed that the corporate pension plans evaluated in the study finished 2022 with a funded status of 95% – the same funded status plans held at the conclusion of 2021. Funded status has grown substantially since 2012, when it stood at 77%. The year of flat growth in 2022 followed a year of sharp growth in 2021, when funded status rose from 88% to 95%. Funded status has not touched 100% since 2007, when it was a robust 107%, according to WTW.

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