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Employee Benefit Plans
12 Months Ended
Dec. 31, 2024
Employee Benefit Plans  
Employee Benefit Plans

12. Employee Benefit Plans

We and certain of our subsidiaries sponsor various retirement plans for most full-time and some part-time employees. These plans primarily consist of defined contribution plans. The defined contribution plans generally provide for contributions up to 2.5% of covered employees’ salaries or wages, although a few of the plans’ employer contributions are discretionary in nature. These contributions totaled $35.3 million in 2024, $22.9 million in 2023 and $19.8 million in 2022.

Certain of our subsidiaries also participate or have participated in various multi-employer pension plans for the benefit of employees who are union members. As of December 31, 2024 and 2023, we had 50 and 7 employees, respectively, who were union members. There were no contributions made to multi-employer pension plans in 2024, 2023 or 2022. The data available from administrators of other multi-employer pension plans is not sufficient to determine the accumulated benefit obligations, nor the net assets attributable to the multi-employer plans in which our employees participate or previously participated.

As of December 31, 2024, we had life insurance policies covering certain employees, with a combined face value of $101.9 million. The policies are invested in several investment vehicles and are recorded at their cash surrender value. The cash surrender values associated with these policies were $9.0 million and $7.5 million as of December 31, 2024 and December 31, 2023, respectively, and are included in “Other Noncurrent Assets” in our Consolidated Balance Sheet.