EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

EMPLOYMENT BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

Pension Plan Contributions — the Company contributes to multi-employer pension plans under various union agreements in Las Vegas to which the Company is a party. Contributions, based on wages paid to covered employees for the years ended December 31, 2014, 2013 and 2012 was approximately $2,032,000, $1,533,000 and $1,582,000, respectively.

The status of pension plan funding for each of our collective bargaining unit employees is outlined in the table below:

						Funding Improvement Plan (FP)/	Company Contributions (in thousands)
		Employer		Pension Protection Act Zone Status		Rehabilitation Plan (RP)	Year Ended		Year Ended		Year Ended
	Plan	Identification	Expiration	Plan Year	Plan Year	Pending/Implemented	December 31,		December 31,		December 31,
Pension Plan Legal Name	Number	Number	Date	2014	2013	(Yes or No)	2014		2013		2012
Southern Nevada Culinary Workers and Bartenders Pension Plan Trust	1	88-6016617	5/31/2018	Green	Green	No	$	1,045	$	684	$	794
Nevada Resort Association — I.A.T.S.E. Local 720 Pension Trust	1	51-0144767	5/31/2012	Green	Green	No	72		41		83
Western Conference of Teamsters Pension Trust	1	91-0681009	3/31/2018	Green	Green	No	401		332		340
Central Pension Fund of the International Union of Operating Engineers and Participating Employers	1	36-6052390	5/31/2011	Green	Yellow	No	234		239		238
Southwest Carpenters Joint Trust Fund	1	95-6042875	7/31/2018	Green	Green	No	150		108		51
National Electrical Benefit Fund	1	88-6023284	7/31/2015	Green	Green	No	15		15		13
International Painters and Allied Trades Industry Pension Fund	1	52-0853800	5/31/2018	Yellow	Yellow	Implemented-FP	115		114		63
Total Contributions							$	2,032	$	1,533	$	1,582

Self insurance

The Company is self insured for workers’ compensation for its union and nonunion employees, with a loss limit of $0.5 million per individual claim. The workers’ compensation liability for claims filed and estimates of claims incurred but not reported was $192,173 and $372,773 as of December 31, 2014 and 2013, respectively. The liability is included in accrued expenses.

Profit Sharing and 401(k) Plans

The Company maintains profit sharing and 401(k) plans for employees of Riviera Hotel & Casino who are at least 21 years of age and who are not covered by a collective bargaining agreement; employees are eligible to participate in these plans after 90 days of service.

Effective January 1, 2009, the Company suspended the Company match to the 401(k) plan. As a result, the Company made no matching contributions for the years ended December 31, 2014, 2013 and 2012 or any periods therein.

Due to the Business Closure, the Company plans to terminate its 401(k) plan effective May 4, 2015.

In March 2014, as a result of an SEC Administrative Proceeding against a former investment fund option in our 401(k) plan, the Company received and disbursed $67,963 to current 401(k) participants.