XML 56 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1
Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Expenses Related to the Multi-employer Benefit Plans The expense recognized by the Company for such contributions for the years ended December 31, 2024, 2023 and 2022 was as follows:
(in millions)
202420232022
Multi‑employer retirement plan expense
$4.9 $4.7 $3.7 
Multi‑employer health and welfare plan expense
3.2 3.2 3.6 
Schedule of Information Regarding Multi-employer Pension Plans
The following table presents information regarding the multi‑employer pension plans that are significant to the Company for the years ended December 31, 2024 and 2023, respectively:
Pension Fund
EIN/Pension Plan Number
Date of Plan Year-End
Pension Protection Act
Zone Status
(1) 2024
FIP/RP Status
Pending/Implemented
(2)
Contributions of the Company in 2024
Surcharge Imposed(3)
Expiration Date
of Collective
Bargaining Agreement
Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
(in millions)
United Furniture Workers Pension Fund A(4)
13-5511877-0012/29/24RedImplemented$1.6 No20262020, 2021, 2022, 2023
Pension Plan of the National Retirement Fund
13-6130178-00112/31/23RedImplemented$1.1 
Yes, 10.0%
2025N/A
Central States, Southeast & Southwest Areas Pension Plan
36-6044243-00112/31/23RedImplemented$1.0 
Yes, 10.0%
2025N/A
Pension Fund
EIN/Pension Plan Number
Date of Plan Year-End
Pension Protection Act
Zone Status
(1) 2023
FIP/RP Status
Pending/Implemented
(2)
Contributions of the Company in 2023
Surcharge Imposed(3)
Expiration Date
of Collective
Bargaining Agreement
Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions
(in millions)
United Furniture Workers Pension Fund A(4)
13-5511877-0012/28/23RedImplemented$1.5 No20262020, 2021, 2022, 2023
Pension Plan of the National Retirement Fund
13-6130178-00112/31/22RedImplemented$0.9 
Yes, 10.0%
2025N/A
Central States, Southeast & Southwest Areas Pension Plan
36-6044243-00112/31/22RedImplemented$0.8 
Yes, 10.0%
2024N/A
(1)
The Pension Protection Act of 2006 ranks the funded status of multi-employer pension plans depending upon a plan's current and projected funding. A plan is in the Red Zone (Critical) if it has a current funded percentage of less than 65.0%. A plan is in the Yellow Zone (Endangered) if it has a current funded percentage of less than 80.0%, or projects a credit balance deficit within seven years. A plan is in the Green Zone (Healthy) if it has a current funded percentage greater than 80.0% and does not have a projected credit balance deficit within seven years. The zone status is based on the plan’s year end rather than the Company's. The zone status listed for each plan is based on information that the Company received from that plan and is certified by that plan’s actuary for the most recent year available.
(2)
Funding Improvement Plan or Rehabilitation Plan as defined in the Employee Retirement Income Security Act of 1974 has been implemented or is pending.
(3)
Indicates whether the Company paid a surcharge to the plan in the most current year due to funding shortfalls and the amount of the surcharge.
(4)
The Company represented more than 5.0% of the total contributions for the most recent plan year available.