XML 79 R40.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Employee Benefit Plans (Tables)
 12 Months Ended
Oct. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Information for the Plans
Information for the Plans
 
As of October 31,
(in millions)
2019
 
2018
Net obligations
$
8.4

 
$
7.4

Projected benefit obligations
16.1

 
15.0

Fair value of assets
7.8

 
7.6
Schedule of Multiemployer Pension Plans
Key Information for Individually Significant Multiemployer Defined Benefit Pension Plans(1)
($ in millions)
 
 
 
Pension Protection Act
Zone Status(3)
 
FIP/RP
Status(4)
 
Contributions by ABM
 
Surcharge
Imposed(5)
 
Expiration Dates of Collective Bargaining Agreements
Pension Fund
 
EIN/PN(2)
 
2019
 
2018
 
Pending/
Implemented
 
2019
 
2018
 
2017
Building Service 32BJ Pension Fund
 
13-1879376 /
001
 
Red
6/30/2018
 
Red
6/30/2017
 
Implemented
 
$
19.3

 
$
19.9

 
$
20.1

 
No
 
12/31/2019
Central Pension Fund of the IUOE & Participating Employers
 
36-6052390 /
001
 
Green
1/31/2019
 
Green
1/31/2018
 
N/A*
 
11.7

 
11.0

 
10.7

 
N/A*
 
4/30/2020 –
12/31/2022
S.E.I.U. National Industry Pension Fund
 
52-6148540 /
001
 
Red
12/31/2018
 
Red
12/31/2017
 
Implemented
 
10.6

 
8.7

 
7.2

 
Yes
 
4/30/2020 –
1/31/2023
SEIU Local 1 & Participating Employers Pension Trust
 
36-6486542 /
001
 
Green
9/30/2018
 
Green
9/30/2017
 
N/A*
 
5.1

 
5.8

 
6.0

 
N/A*
 
4/4/2021
IUOE Stationary Engineers Local 39 Pension Plan
 
94-6118939 /
001
 
Green
12/31/2018
 
Green
12/31/2017
 
N/A*
 
4.6

 
5.2

 
4.8

 
N/A*
 
11/30/2020 –
8/31/2023
Local 68 Engineers Union Pension Plan
 
51-0176618 /
001
 
Yellow
6/30/2018
 
Red
6/30/2017
 
Implemented
 
3.2

 
3.0

 
2.8

 
No
 
4/30/2020 –
8/31/2022
Western Conference of Teamsters Pension Plan
 
91-6145047 /
001
 
Green
12/31/2018
 
Green
12/31/2017
 
N/A*
 
3.1

 
3.1

 
3.5

 
N/A*
 
5/31/2020 –
12/31/2022
All Other Plans:
 
 
 
 
 
 
 
 
 
9.0

 
8.5

 
8.0

 
 
 
 
Total Contributions
 
 
 
 
 
 
 
 
 
$
66.6

 
$
65.3

 
$
63.1

 
 
 
 
*
Not applicable

(1) To determine individually significant plans, we evaluated several factors, including our total contributions to the plan, our significance to the plan in terms of participating employees and contributions, and the funded status of the plan.
(2) The “EIN/PN” column provides the Employer Identification Number and the three-digit plan number assigned to the plan by the Internal Revenue Service (“IRS”).
(3) The Pension Protection Act Zone Status columns provide the two most recently available Pension Protection Act zone statuses from each plan. The zone status is based on information provided to us and other participating employers and is certified by each plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded.
(4) Indicates whether a Financial Improvement Plan (“FIP”) for yellow zone plans or a Rehabilitation Plan (“RP”) for red zone plans is pending or implemented.
(5) Indicates whether our contribution in 2019 included an amount as imposed by a plan in the red zone in addition to the contribution rate specified in the applicable collective bargaining agreement.

Multiemployer Pension Plans for which ABM is a Significant Contributor
Pension Fund
 
Contributions to the plan exceeded more than 5% of total contributions per most currently available Forms 5500
(as of the plan’s year end)
Arizona Sheet Metal Pension Trust Fund*
 
6/30/2018, 6/30/2016
Building Service 32BJ Pension Fund
 
6/30/2018, 6/30/2017, and 6/30/2016
Building Service Pension Plan*
 
4/30/2018, 4/30/2017, and 4/30/2016
Contract Cleaners Service Employees’ Pension Plan*
 
12/31/2018, 12/31/2017, and 12/31/2016
Firemen & Oilers Pension Plan of SEIU Local 1*
 
7/31/2018 and 7/31/2017
SEIU Local 1 & Participating Employers Pension Trust
 
9/30/2018, 9/30/2017, and 9/30/2016
Massachusetts Service Employees Pension Plan*
 
12/31/2018, 12/31/2017, and 12/31/2016
S.E.I.U. National Industry Pension Fund
 
12/31/2018, 12/31/2017, and 12/31/2016
Service Employees International Union Local 1 Cleveland Pension Plan*
 
12/31/2018, 12/31/2017, and 12/31/2016
Service Employees International Union Local 32BJ, District 36 Building Operators Pension Trust Fund*
 
12/31/2018, 12/31/2017, and 12/31/2016
Teamsters Local 617 Pension Fund*
 
2/28/2019, 2/28/2018, and 2/28/2017
Teamsters Local Union No. 727 Pension Plan*
 
2/28/2019, 2/28/2018, and 2/28/2017

* These plans are not separately listed in our multiemployer table as they represent an insignificant portion of our total multiemployer pension plan contributions.