FY2024 source-reconciled actuarial data · Public Plans Database

Sioux Falls Fire

Funded ratio, unfunded liability, member counts, and 23-year financial history for Sioux Falls Fire, sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.

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By · · South Dakota · Police & Fire Plan · Data through FY2024

Funded Ratio: 107.9% (Healthy) Sioux Falls Fire funded ratio compared to national public pension benchmark. FUNDED RATIO 107.9% Healthy Nat'l avg 75.49869791666667% 0% 60 70 80 100% Healthy > 80% · At-risk 70-80% · Critical < 60%
Sioux Falls Fire funded ratio is 107.9 percent, classified as Healthy. National public-pension benchmark is 75.49869791666667 percent.
Actuarial funded ratio
107.9%
Health grade
FLowest reported funded-ratio band in this dataset
Actuarial assets
$238M
Members
299

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Sioux Falls Fire is one of 197 public pension plans tracked nationwide. The plan card reports source-reconciled actuarial figures through FY2024; the multi-year table includes only years whose reported ratio ties to its actuarial dollars. This site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

Lower funded-ratio band

Sioux Falls Fire ranks #191 of 192 by source-reconciled actuarial funded ratio (107.9%), bottom-third among tracked public plans.

Sioux Falls Fire in the lower-funded third

According to the Public Plans Database, Sioux Falls Fire sits in the lower-funded third at 107.9% (grade F, #191 of 192) for FY2024, 32.4 points above the national public-pension average.

107.9%
Funded · #191 of 192
F
Health grade
$-17M
Actuarial unfunded liability
+3.2pp
FY2001→FY2024
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Actuarial Unfunded Liability

$-17M

Reported surplus · source-reported UAAL

Total Members

299

active + retired + vested

1-Year Return

14.5%

Strong return year · net investment return

3.7pp vs 5-yr avg

5-Year Avg Return

10.8%

Strong return year · annualized, net of fees

A-
Composite Health Score
81/100
Sioux Falls Fire

Transparent derived index from public pension-plan filings, not an official rating. A 4-dimension composite (funded ratio, contribution discipline, 5-year investment return, unfunded burden), each scored against this dataset's own percentile distribution across 197 reporting plans. Not the same as the plan's headline funded-ratio grade above. See the exact dimensions, weights, and formula.

Funded Ratio A+
107.9%
Actuarial assets as a share of liabilities
Contribution Discipline F
100.0%
Share of the actuarially required contribution actually paid
Investment Returns A+
10.8%
5-year annualized investment return
Unfunded Burden A+
-8.4%
Unfunded liability as a share of total obligations
How this score is calculated (benchmark table)
Dimension P10 P25 P50 P75 P90 Weight
Funded ratio (higher = better) 57.6% 67.2% 75.0% 87.0% 97.6% 0.35
Contribution discipline (ARC) (higher = better) 88.4% 100.0% 100.0% 104.1% 122.1% 0.25
5yr investment return (higher = better) 6.4% 7.5% 8.3% 9.1% 9.9% 0.20
Unfunded burden (lower = better) 2.0% 12.7% 25.0% 33.1% 42.4% 0.20

Percentiles computed across all 197 plans in this database with a reported value for that metric (2026-09-09). A dimension a plan does not report drops out of its composite, and that weight redistributes across the dimensions it does report, so thin reporting never silently lowers a score relative to a fully-reported peer.

Participant Composition

Participants: 103 active, 191 retired, 0 separated Plan participant breakdown showing active workers, retirees, and separated-vested members. PARTICIPANT MIX 299 total members 34% 64% Active 103 Retired 191 Separated 0 Active-to-Retiree 0.54 · Mature / At Risk
Plan participant breakdown: 103 active workers, 191 retirees, 0 separated-vested members. Sustainability rating: Mature / At Risk.

Investment Policy Mix

Asset Allocation: 55% equity, 25% fixed income, 17% alternatives Sioux Falls Fire investment policy mix as reported in its CAFR and actuarial valuation. ASSET ALLOCATION $226M market assets · CAFR / actuarial valuation 55% 25% 17% Equity 55.0% Fixed Inc. 25.0% Alternatives 17.0% Cash 3.0% Investment Stance: Growth-Tilted · Equity + Alts 72%
Sioux Falls Fire asset allocation: 55% equity, 25% fixed income, 17% alternatives, 3% cash. Investment stance: Growth-Tilted.

Funded ratio, 2001 to 2024

Assets as a share of the benefits already promised, one point per reported year. Up 3.2 points across the series. This is the multi-year table's series, so its last point can be a later year than the plan card above, which reports the plan's own latest valuation.

70%80%90%100%110%120% 200120042007201020132016201920222024 108%

What changed, FY2023 to FY2024

1.9 pts funded ratio

Sioux Falls Fire's funded ratio fell 1.9 points from FY2023 to FY2024, with assets contributing +3.7 points and the accrued liability contributing -5.6.

Funded ratio
109.8% → 107.9%
Actuarial assets
$230M → $238M (+3.4%)
Accrued liability
$210M → $221M (+5.2%)
Where the 1.9-point move came from
Assets
+3.7 pts
Accrued liability
-5.6 pts

Accrued liability is the source-reported value for benefits already promised. The two contributions are the move the ratio would have made on the prior year’s liability (assets) and the remainder (liability); they sum to the total by construction. Both years shown provide source-reconciled actuarial assets and liability, so neither figure rests on a ratio published on its own. Source: Public Plans Database (Boston College CRR / NASRA), loaded July 2026. See our funding-change board for how this plan’s move compares with the rest of the dataset.

Historical Actuarial Funding

Year Actuarial Ratio
2024 107.9%
2023 109.8%
2022 111.0%
2021 114.2%
2020 98.6%
2019 97.9%
2018 98.5%
2017 99.5%
2016 85.7%
2015 82.4%
2014 82.0%
2013 80.4%
2012 78.7%
2011 84.1%
2010 87.0%
2009 86.4%
2008 91.2%
2007 97.9%
2006 94.3%
2005 92.0%

What the Data Says About Sioux Falls Fire

Sioux Falls Fire is one of the more fully funded plans in the Public Plans Database, 32 points above the 75.5% national average across tracked plans. A 5-year average investment return of 10.8% factors into the plan's overall trajectory.

For South Dakota taxpayers and plan members, the $-17M source-reported actuarial unfunded liability is the shortfall this plan must close over time.

Where this data comes from + how funding gaps get resolved

These figures come from the Public Plans Database, a collaboration between the Boston College Center for Retirement Research and NASRA that compiles them from each plan's Comprehensive Annual Financial Reports (CAFRs) and actuarial valuations. The relationship between contribution adequacy and investment performance determines whether an unfunded liability narrows or expands year over year, and the gap itself is typically closed through some combination of higher contributions, investment returns, or benefit modifications. See our methodology for how public-pension funding differs from ERISA-backed private plans, and our disclaimer below before acting on this data.

Membership

103
Active Members
191
Retirees
299
Total Members

Plan Details

Plan Type
Police & Fire
State
South Dakota
Market Assets
$226M
Source: Public Plans Database (PPD)
Boston College CRR / NASRA

Plans With a Similar Funded Ratio

The closest plans nationwide to Sioux Falls Fire's 22.8% funded ratio.

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Other South Dakota Plans

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Read with this plan

Every figure on PlainPension is rendered directly from the Public Plans Database (Boston College Center for Retirement Research), no number is typed in by an editor. Sioux Falls Fire ranks #191 of 192 by funded ratio and #187 of 190 by membership. This information is for informational purposes only and does not constitute professional advice, consult a qualified professional before acting on it. See our editorial standards & corrections policy, the typed corrections pathway, the methodology behind these numbers, or report a data error. Data current as of July 2026.