MULTIEMPLOYER PENSION AND POSTRETIREMENT PLANS

The Company contributes to multiemployer defined contribution pension and postretirement benefit plans under the terms of collective-bargaining agreements that cover certain unionized employee groups in the United States. Contributions to these plans are included in total pension and postretirement benefit expense as reported in Note 10 and Note 11, respectively.

Pension benefits

The risks of participating in multiemployer pension plans are different from single-employer plans. Assets contributed to a multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. If a participating employer stops contributing to the plan, the unfunded obligations of the plan are borne by the remaining participating employers.

The Company’s participation in multiemployer pension plans for the year ended December 31, 2016, is outlined in the table below. The “EIN/PN” column provides the Employer Identification Number (EIN) and the three-digit plan number (PN). The most recent Pension Protection Act (PPA) zone status available for 2016 and 2015 is for the plan year-ends as indicated below. The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are between 65 percent and 80 percent funded, and plans in the green zone are at least 80 percent funded. The “FIP/RP Status” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. In addition to regular plan contributions, the Company may be subject to a surcharge if the plan is in the red zone. The “Surcharge Imposed” column indicates whether a surcharge has been imposed on contributions to the plan. The last column lists the expiration date(s) of the collective-bargaining agreement(s) (CBA) to which the plans are subject.

PPA Zone Status

Contributions

(millions)

Pension trust fund

EIN/PN

2016

2015

FIP/RP Status

2016

2015

2014

Surcharge

Imposed

Expiration

Date of

CBA

Bakery and Confectionary Union and Industry International Pension Fund (a)

52-6118572 /
001

Red -
12/31/2016

Red -
12/31/2015

Implemented

4.8

5.1

5.4

Yes

10/31/2017 to
3/16/2021

Central States, Southeast and Southwest Areas Pension Fund (b)

36-6044243 /
001

Red -
12/31/2016

Red -
12/31/2015

Implemented

4.8

4.5

Yes

3/31/2017 to
12/31/2019

Western Conference of Teamsters Pension Trust (c)

91-6145047 /
001

Green -
12/31/2016

Green -
12/31/2015

1.0

1.6

1/31/2018 to
10/31/2018

Hagerstown Motor Carriers and Teamsters Pension Fund

52-6045424 /
001

Red -
6/30/2017

Red -
6/30/2016

Implemented

0.6

0.5

9/28/2019

Local 734 Pension Plan

51-6040136 /
001

Red -
4/30/2017

Red -
4/30/2016

Implemented

0.2

0.3

Yes

4/1/2019

Twin Cities Bakery Drivers Pension Plan

41-6172265 /
001

Green -
12/31/2016

Green -
12/31/2015

0.2

Yes

5/31/2018

Upstate New York Bakery Drivers and Industry Pension Fund

15-0612437 /
001

Green -
6/30/2016

Green -
6/30/2015

—

0.2

9/10/2017

Other Plans

2.1

2.0

Total contributions:

13.7

14.7


(a)	The Company is party to multiple CBAs requiring contributions to this fund, each with its own expiration date. Over 70 percent of the Company’s participants in this fund are covered by a single CBA that expires on 3/16/2021.


(b)	The Company is party to multiple CBAs requiring contributions to this fund, each with its own expiration date. Over 40 percent of the Company’s participants in this fund are covered by a single CBA that expires on 7/29/2017.


(c)	The Company is party to multiple CBAs requiring contributions to this fund, each with its own expiration date. Over 40 percent of the Company’s participants in this fund are covered by a single CBA that expires on 3/24/2018.

The Company was listed in the Forms 5500 of the following plans as of the following plan year ends as providing more than 5 percent of total contributions:



Pension trust fund		Contributions to the plan exceeded more than 5% of total contributions (as of the Plan’s year end)
Hagerstown Motor Carriers and Teamsters Pension Fund		6/30/2015, 6/30/2014 and 6/30/2013
Local 734 Pension Plan		4/30/2016, 4/30/2015 and 4/30/2014
Twin Cities Bakery Drivers Pension Plan		12/31/2015, 12/31/2014 and 12/31/2013
Upstate New York Bakery Drivers and Industry Pension Fund		6/30/2016, 6/30/2015 and 6/30/2014

At the date the Company’s financial statements were issued, certain Forms 5500 were not available for the plan years ending in 2016.

In addition to regular contributions, the Company could be obligated to pay additional amounts, known as a withdrawal liability, if a multiemployer pension plan has unfunded vested benefits and the Company decreases or ceases participation in that plan. Net estimated withdrawal expense related to curtailment and special termination benefits associated with the Company’s withdrawal from multiemployer plans was not material for the fiscal years ended 2016, 2015 and 2014.

Postretirement benefits

Multiemployer postretirement benefit plans provide health care and other welfare benefits to active and retired employees who have met certain age and service requirements. Contributions to multiemployer postretirement benefit plans were (in millions): 2016 – $17; 2015 – $14; 2014 – $14.