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Accrued Payroll and Benefit Costs
12 Months Ended
Dec. 31, 2019
Payables and Accruals [Abstract]  
Accrued Payroll and Benefit Costs Accrued Payroll and Benefit Costs  
Accrued payroll and benefit costs consisted of the following (in thousands):
 December 31,
 20192018
Employee deferred compensation plans$421,198  $333,528  
Payroll and benefits280,918  263,072  
Payroll taxes21,831  23,918  
Workers’ compensation19,655  18,251  
Accrued payroll and benefit costs$743,602  $638,769  
The Company provides various qualified defined contribution 401(k) plans covering eligible employees. The plans offer a savings feature with the Company matching employee contributions. Assets of this plan are held by an independent trustee for the sole benefit of participating employees. Nonqualified plans are provided for employees not eligible for the qualified plans. These plans include provisions for salary deferrals and Company matching and discretionary contributions. The asset value of the nonqualified plans was $398.4 million and $311.7 million as of December 31, 2019 and 2018, respectively, and is included in other current assets in the Consolidated Statements of Financial Position. The liability value for the nonqualified plans was $421.2 million and $333.5 million as of December 31, 2019 and 2018, respectively, and is included in current accrued payroll and benefit costs in the Consolidated Statements of Financial Position. Deferred compensation plan and other benefits related to the Company’s executive chairman were $91.8 million and $89.2 million as of December 31, 2019 and 2018, respectively, and are included in the liability value for the nonqualified plans. Net unrealized gains and (losses) on these nonqualified plan assets and liabilities were $44.2 million, ($26.6) million, and $19.4 million for the years ended December 31, 2019, 2018 and 2017, respectively.
The Company’s contribution expense for its qualified defined contribution plans and nonqualified benefits plans totaled $26.1 million, $24.2 million, and $21.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.
The Company has statutory defined contribution plans and defined benefit plans outside the U.S., which are not material.