XML 44 R25.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Benefit Plans
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Benefit Plans Benefit Plans
The Company has 401(k) Savings Plans (“401(k) Plan”) for the benefit of qualifying full-time employees who have more than 90 days of service and are over 21 years of age. Employees make pre-tax contributions to the 401(k) Plan with a partial matching contribution made by the Company. The Company’s matching contributions to the 401(k) Plan were $3.8, $3.7 and $3.5 for fiscal 2019, 2018 and 2017, respectively. Contributions by the Company are included in operating costs and expenses in the accompanying consolidated statements of operations.
The Company is a participating employer in a number of trustee-managed multiemployer, defined benefit pension plans for employees who participate in collective bargaining agreements. Approximately 14% of the Company’s workforce is subject to a collective bargaining agreement and none of the collective bargaining agreements will expire within one year. The risks of participating in the multiemployer plans are different from single-employer plans in that (i) assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers; (ii) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be required to be assumed by the remaining participating employers; and (iii) if the Company chooses to stop participating in any of the multiemployer plans, it may be required to pay those plans a withdrawal amount based on the underfunded status of the plan. In connection with its ongoing renegotiation of various collective bargaining agreements, the Company may discuss and negotiate for the complete or partial withdrawal from one or more of these pension plans. During fiscal 2018, the Southwest Pennsylvania & Western Maryland Area Teamsters & Employers Pension Fund agreed to use September 30, 2018 as the termination date for the Company's contribution obligation to this multiemployer pension plan and the Company estimated and recorded a withdrawal liability of $0.8. The total contributions made to all plans for fiscal 2019 was $5.7, of which $5.5 is related to plans considered to be individually significant that are included in the table below and $0.2 is related to plans that are not considered to be individually significant.



The following table outlines the Company's participation in multiemployer plans considered to be individually significant: 
Pension Fund
EIN/Pension
Plan Number
 
Pension Protection
Act Zone Status
 
FIP/RP
Status Pending/
Implemented
(B)
 
Contributions
 
Expiration
Date of
Collective-
Bargaining
Agreement
2018
 
2017
 
2019
 
2018
 
2017
 
Suburban Teamsters of Northern IL Pension Fund
36-6155778-001

Endangered as of 1/1/2018

Endangered as of 1/1/2017

Implemented

$
0.7


$
0.6


$
0.6


1/31/2024
Pension Fund of Automobile Mechanics Local No. 701
36-6042061-001

Endangered as of 1/1/2018

Endangered as of 1/1/2017

Implemented

$
0.2


$
0.2


$
0.2


12/31/2023
Local 731 Private Scavengers and Garage Attendants Pension Fund
36-6513567-001

Not Endangered or Critical as of 10/1/2018

Not Endangered or Critical as of 10/1/2017

Implemented

$
1.9


$
1.8


$
1.8


9/30/2023
Midwest Operating Engineers Pension Fund
36-6140097-001

Endangered as
of 4/1/2018

Endangered as
of 4/1/2017

Implemented

$
1.0


$
0.9


$
0.7


9/30/2022
Teamsters Local Union No. 301 Union Pension Fund (A)
36-6492992-001

Not Endangered or Critical as of 1/1/2018

Not Endangered or Critical as of 1/1/2017

No

$
1.3


$
1.1


$
1.0


9/30/2023
Central States Southeast and Southwest Areas Pension Fund
36-6044243-001

Critical and Declining as of 1/1/2018

Critical as of 1/1/2017

Implemented

$
0.2


$
0.2


$
0.2


2/1/2022
Local 705 Int’l Brotherhood of Teamsters Pension TR. FD.
36-6492502-001

Endangered as of 1/1/2017

Critical as of 1/1/2017

Implemented

$
0.2


$
0.2


$
0.2


N/A

(A)
The employers' contributions to the plan represent greater than 5% of the total contributions to the plan for the most recent plan year available.
(B)
A multi-employer 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. Contributing employers, however, may eliminate the surcharge by entering into a collective bargaining agreement that meets the requirements of the applicable funding improvement plan or rehabilitation plan.