Disclosures about an Employer’s Participation in a Multiemployer Plan – The FASB issued this Update to address concerns from various users of financial statements on the lack of transparency about an employer’s participation in a multiemployer pension plan.  You will be required to implement the provisions of this ASU in your audited financial statements.

The Greater Pennsylvania Carpenters’ Pension Fund will mail a letter specific to your company by January 31st.  If additional information is required, please contact Mike Swiderski at mike@carpenterscombinedfunds.org


Below is certain information required in connection with your participation in the Greater Pennsylvania Carpenters’ Pension Fund under FASB Accounting Standards Update 2011-09:

General Information
Legal Name:  Greater Pennsylvania Carpenters’ Pension Fund
EIN:  25-6135570
Plan Number:  001
Most current annual report:  2020
Publically available?  Yes.  You can find the financial information on the DOL website:  https://www.efast.dol.gov
Then search by our EIN: 25-6135570.
Is the plan considered a Multiemployer Plan?  Yes
Which type of Multiemployer plan is it considered?  Multiemployer Plans that provide pension benefits.
Carpenter Local Unions affiliated with the Greater Pennsylvania Carpenters’ Pension Fund:
Old Locals: 81, 84, 86, 142, 165, 211, 214, 230, 240, 268, 645, 759, 922, 947, 950, 1160, 1233, 1419, 1759, 1936, 2235, 2237, 2274
Effective November 1, 2016: 420,  423*,  426*,  431, 432*, 436, 439*, 441, 443*,445  (* some local members may not belong to this benefit fund)

PA Zone Status
2021 – Endangered (Yellow)
2020 – Endangered (Yellow)
2019 – Endangered (Yellow)

Funding Improvement Plan adopted in 2012 that reduced the benefit accrual rate from 1.00% to 0.83% of contributions effective January 1, 2013.

2021 – All Employers: 91,468,846
No surcharge imposed

2020 – All Employers: 80,599,483
No surcharge imposed

2019 – All Employers: 89,401,598
No surcharge imposed

Minimum Funding Commitments:  Not Applicable – The Fund has built up a Credit Balance since total bargained contributions have exceeded the total Minimum Required Contributions for prior years.



Link to: FASB 2011-09