TW
$50M to $100M · Texas Local Fire Fighters Retirement Act (TLFFRA) Plan #416

The Woodlands Firefighters' Retirement System

The Woodlands·Montgomery County·Greater Houston (master-planned community)
#11 by AUM#2 by Funded Ratio#2 shortest amortization#10 most conservative discount
FY24 Assets Under Management (AUM)
$80.2M
Funded Ratio
103.79%
Discount Rate
7.00%
Amortization
0.0 yr
Cost Method
EAN
Contributions
Actuarial
PRB Asset Class: $100M+$50M – $100M$10M – $50MUnder $10M

ProfileFY2024 PRB Verified

The Woodlands FF sits at #11 of 42 Texas Local Fire Fighters Retirement Act (TLFFRA) plans by assets under management (AUM). Its FY2024 funded ratio of 103.79% is well above the TLFFRA simple mean of 65.6%. The plan's effective amortization period of 0.0 years is below the PRB's preferred 10-year minimum, indicating accelerated paydown. The 7.00% discount rate is more conservative than the TLFFRA median of 7.25%. The plan uses Entry Age Normal cost method and an actuarial contribution policy.

Served by The Woodlands Township (special district), not a city. One of two overfunded TLFFRA plans.

Plan AdministrationLocal Board · Local Operations

Phone (PRB filing)
(936) 537-4475
Mailing Address
P.O. Box 497, Conroe, TX 77305

Note: This fund shares an administrator phone number with Killeen, suggesting a regional pension consultancy serving multiple plans. PRB filing data does not separately identify the firm.

Source: PRB plan-detail page #416.

Membership & ContributionsPRB Filing

Active Members
159
Annuitants
12
Active / Annuitant Ratio
13.25
Employee Contribution
12.00% of pay
Employer Contribution
14.00% of pay
Social Security
Yes
Fiscal Year End
December

Source: PRB plan-detail page #416.

Benefit TermsTier 1 Provisions

Normal Retirement
Age/YCS: 52/20
Benefit Formula (Tier 1)
Final Average Salary x 2.78% x YCS
Final Average Salary
Highest 36 months
COLA
None

Source: PRB plan-detail page #416. Tier 1 reflects the primary benefit tier; some plans have a separate Tier 2 for members hired after a specified date. See the PRB page for full plan provisions.

Service ProvidersActuary · Custodian · Advisor · Auditor

Service providers: Not separately published in PRB filings or on the fund's public materials. TLFFRA boards typically retain an independent actuary, a bank custodian, an investment consultant, and an external auditor. Service-provider engagements are local-board records and typically become public through board minutes (available by request from the plan administrator) or in the audited financial statements filed with the PRB. The fund's website (linked above) often lists current providers under a "Service Providers" or "Board" tab.

Sponsoring AgencyThe Woodlands Fire Department

Sponsoring Fire Department: The The Woodlands Fire Department covers the City of The Woodlands, Montgomery County. The fund covers 159 active firefighters and 12 annuitants as reported on the PRB-1000 filing. Department-level operational detail (station count, apparatus, accreditation, ISO rating) is not separately tracked in TLFFRA filings; the City of The Woodlands's fire department web page is the canonical source.

FY2024 Financials & Actuarial DetailTexas Pension Review Board

Market Value of Assets
$80,163,161
Actuarial Value of Assets
$70,746,412
Actuarial Accrued Liability
$68,165,061
Funded Ratio (Actuarial)
103.79%
Effective Amortization
0.0 years
Discount Rate
7.00%
Inflation Assumption
2.50%
Payroll Growth
3.00%
Total Expenses (% of Assets)
0.425% (42.5 bps)  #11 of 42 (lowest=best)
Cost Method
Entry Age Normal
Contribution Type
Actuarial

View this plan's full PRB record →

Expense ratio note: The "Total Expenses (% of Assets)" line is the PRB's published total operating expenses (administrative + investment-related) as a percentage of net assets, sourced from each plan's annual financial report. Per the PRB's own disclaimer: "Due to inconsistencies in reporting of investment expenses, this data may not be an entirely accurate depiction of true investment-related expenses paid." Lower is generally better but cohort context matters. Smaller funds carry higher fixed administrative costs. The 42-fund average is 0.708% (70.8 bps); median is 0.675% (67.5 bps). Source: PRB expenses CSV →