XML 54 R35.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Employee Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Employee Benefit Plans [Abstract] |
Obligations and Funded Status | The following table sets forth the plans’ funded status as of December 31, 2024 and 2023. The measurement of assets and obligations of the plans is as of December 31, 2024 and 2023.
Obligations and Funded Status At December 31 |  | 2024 |  |  | 2023 |
Change in Benefit Obligation |  |  |  |  |  |
Pension benefit obligation at beginning of year |  | $ | 40,198 |  |  | $ | 38,717 |
Service cost |  |  | 635 |  |  |  | 598 |
Interest cost |  |  | 1,855 |  |  |  | 1,876 |
Actuarial (gain) loss |  |  | (2,997 | ) |  |  | 974 |
Benefit payments |  |  | (2,135 | ) |  |  | (1,967 | )
Pension benefit obligation at end of year |  |  | 37,556 |  |  |  | 40,198 |
Change in Plan Assets |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  | 63,578 |  |  |  | 55,807 |
Actual return on plan assets |  |  | 1,011 |  |  |  | 8,058 |
Employer contributions |  |  | 111 |  |  |  | 1,680 |
Benefits paid |  |  | (2,135 | ) |  |  | (1,967 | )
Fair value of plan assets at end of year |  |  | 62,565 |  |  |  | 63,578 |
Funded Status of Plans at End of Year |  | $ | 25,009 |  |  | $ | 23,380 |
Changes in Plan Assets and Benefit Obligations Recognized in Regulatory Assets | Changes in plan assets and benefit obligations recognized in regulatory liabilities are as follows:
|  | 2024 |  |  | 2023 |
Net gain arising during the year |  | $ | (844 | ) |  | $ | (3,472 | )
Recognized prior service credit |  |  | 13 |  |  |  | 13 |
Total changes in regulatory liability during the year |  | $ | (831 | ) |  | $ | (3,459 | )
Amounts Recognized in Regulatory Assets That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost | Amounts recognized in regulatory liabilities that have not yet been recognized as components of net periodic benefit cost consist of the following at December 31:
|  | 2024 |  |  | 2023 |
Net loss |  | $ | (1,370 | ) |  | $ | (526 | )
Prior service credit |  |  | (11 | ) |  |  | (24 | )
Regulatory liability |  | $ | (1,381 | ) |  | $ | (550 | )
Components of Net Periodic Benefit Cost | Components of net periodic benefit cost are as follows:
|  | 2024 |  |  | 2023 |
Service cost |  | $ | 635 |  |  | $ | 598 |
Interest cost |  |  | 1,855 |  |  |  | 1,876 |
Expected return on plan assets |  |  | (3,164 | ) |  |  | (3,612 | )
Amortization of prior service credit |  |  | (13 | ) |  |  | (13 | )
Rate-regulated adjustment |  |  | 798 |  |  |  | 2,831 |
Net periodic benefit cost |  | $ | 111 |  |  | $ | 1,680 |
Regulatory Assets to be Reclassified into Net Periodic Benefit Cost Over Next Fiscal Year | The estimated costs for the defined benefit pension plans relating to the December 31, 2024 balance sheet that will be amortized from regulatory liabilities into net periodic benefit cost over the next fiscal year are as follows:
Net loss |  | $ | – |
Net prior service credit |  |  | (11 | )
|  | $ | (11 | )
Benefit Payments Expected to be Paid | The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid in each of the next five years and the subsequent five years in the aggregate:
2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030–2034
$2,189 |  | $2,281 |  | $2,325 |  | $2,563 |  | $2,544 |  | $13,981
Projected Benefit Obligation and Fair Value of Plan Assets | The following tables show the projected benefit obligation, the accumulated benefit obligation, and the fair value of plan assets as of December 31:
|  | 2024 |  |  | 2023 |
Projected benefit obligation |  | $ | 37,556 |  |  | $ | 40,198 |
Fair value of plan assets |  |  | 62,565 |  |  |  | 63,578 |
Accumulated Benefit Obligation and Fair Value of Plan Assets |
|  | 2024 |  |  | 2023 |
Accumulated benefit obligation |  | $ | 36,195 |  |  | $ | 38,510 |
Fair value of plan assets |  |  | 62,565 |  |  |  | 63,578 |
Weighted-Average Assumptions Used | Weighted-average assumptions used to determine benefit obligations at December 31:
| 2024 |  | 2023 |
Discount rate | 5.45% |  | 4.75% |
Rate of compensation increase | 2.50% – 3.00% |  | 2.50% – 3.00% |
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:
| 2024 |  | 2023 |
Discount rate | 4.75% |  | 5.00% |
Expected long-term return on plan assets | 5.00% |  | 5.00% |
Rate of compensation increase | 2.50% – 3.00% |  | 2.50% – 3.00% |
Fair Values of Pension Plan Assets | The fair values of the Company’s pension plan assets at December 31, 2024 and 2023 by asset category and fair value hierarchy level are as follows. The valuations are based on quoted prices on active markets (Level 1) or broker/dealer quotes, active market makers, models, and yield curves (Level 2)
|  | Total Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |
Asset Category |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cash and Money Market Funds (a) |  | $ | 1,665 |  |  | $ | 53,490 |  |  | $ | 1,665 |  |  | $ | 53,490 |  |  | $ | – |  |  | $ | – |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Mutual Funds (b) |  |  | 11,643 |  |  |  | 10,065 |  |  |  | 11,643 |  |  |  | 10,065 |  |  |  | – |  |  |  | – |
Fixed Income Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury Obligations |  |  | 11,609 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 11,609 |  |  |  | – |
Corporate and Foreign Bonds (c) |  |  | 37,648 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 37,648 |  |  |  | – |
Fixed Income Mutual Funds (d) |  |  | – |  |  |  | 23 |  |  |  | – |  |  |  | 23 |  |  |  | – |  |  |  | – |
Total Plan Assets |  | $ | 62,565 |  |  | $ | 63,578 |  |  | $ | 13,308 |  |  | $ | 63,578 |  |  |  | 49,257 |  |  |  | – |
(a) | The portfolios are designed to keep up to one year of distributions in immediately available funds. The Company was more heavily-weighted in cash as of December 31, 2023 due to the timing of the change in the investment policy statements.
(b) | This category includes a majority of investments in exchange traded funds as well as domestic equity mutual funds and international mutual funds which give the portfolio exposure to mid and large cap index funds as well as international diversified index funds.
(c) | This category includes corporate bonds and notes widely distributed among consumer discretionary, consumer staples, healthcare, information technology, energy, transportation, and financial services.
(d) | This category included fixed income investments in mutual funds which include government and corporate securities of both the U.S. and other countries.

X
- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (a)(b)(c) -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in plan assets and benefit obligations recognized in regulatory assets. + References No definition available. + Details
Name: | yorw_ChangesInPlanAssetsAndBenefitObligationsRecognizedInRegulatoryAssetsTableTextBlock
Namespace Prefix: | yorw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the estimated amount as of the balance sheet date expected to be reclassified to net periodic benefit cost from regulatory assets within the next twelve months. + References No definition available. + Details
Name: | yorw_RegulatoryAssetsToBeReclassifiedIntoNetPeriodicBenefitCostDuringNext12MonthsTableTextBlock
Namespace Prefix: | yorw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in regulatory assets that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References No definition available. + Details
Name: | yorw_ScheduleOfRegulatoryAssetsThatHaveNotYetBeenRecognizedAsComponentsOfNetPeriodicBenefitCostTableTextBlock
Namespace Prefix: | yorw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration