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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Employee Benefit Plans [Abstract]  
Multiemployer Pension Plan

The Company’s participation in multiemployer pension plans is summarized as follows:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

EIN/Pension Plan

 

Pension Protection Act Zone Status (a)

 

 

 

Company Contributions

 

Expiration Date of

Plan Name

 

Number/ Registration Number

 

2016

 

2015

 

FIP/RP Status (a),(b)

 

 

2016

 

 

2015

 

 

2014

 

Collective Bargaining Agreement

Western Conference of Teamsters Pension Trust

 

91-6145047 - 001

 

Green

 

Green

 

Not applicable

 

$

3,420 

 

$

4,314 

 

$

3,852 

 

6/30/16 to 12/31/19

Locals 302 & 612 of the IOUE - Employers Construction Industry Retirement Plan

 

91-6028571 - 001

 

Green

 

Green

 

Not applicable

 

 

252 

 

 

242 

 

 

226 

 

9/30/19

International Union of Operating Engineers Pension Trust

 

85512-1

 

Green

 

Not applicable

 

Not applicable

 

 

120 

 

 

-

 

 

-

 

3/31/2017 to 3/31/2021

Multi-Sector Pension Plan

 

1085653 

 

Green

 

Not applicable

 

Not applicable

 

 

112 

 

 

-

 

 

-

 

3/31/2016

Local 813 Pension Trust Fund

 

13-1975659 - 001

 

Critical

 

Not applicable

 

Implemented

 

 

86 

 

 

-

 

 

-

 

11/30/2019

Midwest Operating Engineers Pension Plan

 

36 - 6140097 - 001

 

Yellow

 

Yellow

 

Implemented

 

 

11 

 

 

-

 

 

-

 

10/31/2020



 

 

 

 

 

 

 

 

 

$

4,001 

 

$

4,556 

 

$

4,078 

 

 



______________________

(a)

The most recent Pension Protection Act zone status available in 2016 and 2015 is for the plans’ years ended December 31, 2015 and 2014, respectively. 

(b)

The “FIP/RP Status” column indicates plans for which a Funding Improvement Plan (“FIP”) or a Rehabilitation Plan (“RP”) has been implemented.

(c)

A multiemployer defined benefit pension plan that has been certified as endangered, seriously endangered or critical may begin to levy a statutory surcharge on contribution rates.  Once authorized, the surcharge is at the rate of 5% for the first 12 months and 10% for any periods thereafter, until certain conditions are met. The Company was not required to pay a surcharge to these plans during the years ended December 31, 2016 and 2015.