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Multiemployer Plans that Provide Pension Benefits
12 Months Ended
Mar. 01, 2014
Multiemployer Plans that Provide Pension Benefits  
Multiemployer Plans that Provide Pension Benefits

16. Multiemployer Plans that Provide Pension Benefits

        The Company contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover certain of its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans. Assets contributed to the 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 may be borne by the remaining participating employers. Additionally, if the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

        The Company's participation in these plans for the annual period ended March 1, 2014 is outlined in the table below. The "EIN/Pension Plan Number" column provides the Employer Identification Number (EIN) and the three-digit plan number, if applicable. The most recent Pension Protection Act (PPA) zone status available for fiscal 2014 and fiscal 2013 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 less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The "FIP/RP Status Pending/Implemented" 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 two columns list the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject and any minimum funding requirements. There have been no significant changes that affect the comparability of total employer contributions of fiscal years 2014, 2013, and 2012.

 
   
  Pension Protection Act
Zone Status
   
  Contributions of
the Company
   
  Expiration
Date of
Collective-
Bargaining
Agreement
   
 
   
  FIP/ RP
Status
Pending/
Implemented
   
   
 
  EIN/Pension
Plan
Number
  Surcharge
Imposed
  Minimum
Funding
Requirements
Pension
  2014   2013   2014   2013   2012

1199 SEIU Health Care Employees Pension Fund

  13-3604862-001   Green—
12/31/2012
  Green—
12/31/2011
  No   $ 14,093   $ 9,830   $ 9,156   No   4/18/2015   Contribution rate of 15.8% of gross wages earned per associate.

Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund

  51-6029925-001   Red—
12/31/2013
  Red—
12/31/2012
  Implemented     6,476     3,416     459   No   7/12/2015   Contributions of $1.242 per hour worked for pharmacists and $0.563 per hour worked for non pharmacists.

Northern California Pharmacists, Clerks and Drug Employers Pension Plan

  94-2518312-001   Green—
12/31/2013
  Green—
12/31/2012
  No     2,900     2,858     2,937   No   7/13/2013   Contributions of $0.57 per hour worked for associates.

United Food and Commercial Workers Union-Employer Pension Fund

  34-6665155-001   Red—
9/30/2013
  Red—
9/30/2012
  Implemented     629     559     529   No   12/31/2014   Contribution rate of $1.49 per hour worked.

United Food and Commercial Workers Union Local 880—Mercantile Employers Joint Pension Fund

  51-6031766-001   Yellow—
9/30/2013
  Yellow—
9/30/2012
  Implemented     441     399     322   No   12/31/2014   Contribution rate of $1.52 per hour worked.

Other Funds

                    2,078     2,725     1,191            
                                         

 

                  $ 26,617   $ 19,787   $ 14,594            
                                         
                                         

        The Company was listed in these plans Forms 5500 as providing more than 5 percent of the total contributions for the following plans and plan years:

Pension Fund
  Year Contributions to Plan Exceeded More Than 5 Percent of
Total Contributions (as of the Plan's Year-End)

Northern California Pharmacists, Clerks and Drug Employers Pension Plan

  12/31/2012 and 12/31/2011

Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund

 

12/31/2012 and 12/31/2011

United Food and Commercial Workers Union- Employer Pension Fund

 

9/30/2012 and 9/30/2011

United Food and Commercial Workers Union Local 880—Mercantile Employers Joint Pension Fund

 

9/30/2012 and 9/30/2011

        At the date the Company's financial statements were issued, certain Forms 5500 were not available.

        During fiscal 2014, the Company incurred an additional withdrawal liability of $1,000 associated with the withdrawal from the Central Ohio Locals 1059 and 75 effective March 31, 2013.

        During fiscal 2013, the Company withdrew from the 1360 New Jersey Pension effective August 2011 and incurred a $2,032 withdrawal liability and Central Ohio Locals 1059 and 75 effective March 31, 2013 and incurred a liability of $3,000.

        During fiscal 2012, the Company withdrew from the NW OH Pension Fund effective December 2011 and incurred a $1,300 withdrawal liability.