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Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Multiemployer Pension Plans
Our participation in significant plans for the fiscal year ended June 30, 2019 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employer Identification Number (“EIN”) and the three digit plan number. The zone status is based on the latest information that the Company received from the plan and is certified by the plan’s actuary. Plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are generally less than 80 percent funded, and plans in the green zone are generally 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. The “Surcharge Imposed” column includes plans in a red zone status that require a payment of a surcharge in excess of regular contributions. The last column lists the expiration date of the collective-bargaining agreement to which the plan is subject.  
Pension Fund
 
EIN/Pension
Plan Number
 
Pension
Protection Act
Zone Status
 
FIP/RP
Status
Pending or
Implemented
 
Company Contributions
Fiscal Year
 
Surcharge
Imposed
 
Expiration
Date of
Collective-
Bargaining
Agreement
2019
2018
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
Boilermaker-Blacksmith National Pension Trust
 
48-6168020/001
 
Red
Yellow
 
Yes
 
$
12,434

 
$
8,525

 
$
7,098

 
Yes
 
Described below (1)
Joint Pension Fund Local Union 164 IBEW 
 
22-6031199/001
 
Described below (2)
Yellow
 
Yes
 
2,180

 
2,391

 
2,709

 
No
 
5/31/2021
Joint Pension Fund of Local Union No 102 IBEW
 
22-1615726/001
 
Green
Green
 
N/A
 
1,610

 
2,489

 
2,392

 
No
 
5/31/2022
IBEW Local 456 Pension Plan
 
22-6238995/001
 
Green
Green
 
N/A
 
574

 
6,005

 
2,777

 
No
 
5/31/2021
Local 351 IBEW Pension Plan 
 
22-3417366/001
 
Green
Green
 
N/A
 
2,025

 
1,187

 
2,796

 
No
 
12/4/2021
Steamfitters Local Union No 420 Pension Plan
 
23-2004424/001
 
Red
Red
 
Yes
 
639

 
1,558

 
2,234

 
Yes
 
4/30/2020
IBEW Local Union 98 Pension Plan
 
23-1990722/001
 
Described below (2)
Red
 
Yes
 
828

 
1,106

 
1,519

 
Yes
 
5/29/2020
Indiana Laborers Pension Fund
 
35-6027150/001
 
Described below (2)
Yellow
 
Yes
 
3,349

 
3,542

 
2,458

 
No
 
5/31/2020
Iron Workers Mid-America Pension Plan, Local 395
 
36-6488227/001
 
Green
Green
 
N/A
 
2,596

 
4,412

 
1,785

 
No
 
5/31/2024
Pipe Fitters Retirement Fund, Local 597
 
62-6105084/001
 
Green
Green
 
N/A
 
3,469

 
3,682

 
2,563

 
No
 
Described below (3)
Iron Workers Pension Plan of Western Pennsylvania, Local 3
 
25-1283169/001
 
Yellow
Yellow
 
Yes
 
2,317

 
1,539

 
748

 
No
 
5/1/2021
Iron Workers Pension Plan, Local 55
 
34-6682351/001
 
Described below (2)
Green
 
N/A
 
4,333

 
198

 

 
No
 
6/30/2020
National Electrical Benefit Fund, Local 488
 
53-0181657/001
 
Green
Green
 
N/A
 
4,577

 
824

 
116

 
No
 
1/1/2023
Connecticut Plumbers and Pipefitters Pension Fund, Local 777
 
06-6050353/001
 
Green
Green
 
N/A
 
3,307

 
115

 

 
No
 
6/1/2020
 
 
 
 
Contributions to other multiemployer plans
 
20,148

 
17,151

 
19,514

 
 
 
 
 
 
 
 
Total contributions made
 
$
64,386

 
$
54,724

 
$
48,709

 
 
 
 
 
 
 
 
 

(1)
Our employees are members of several Boilermaker unions that participate in the Boilermaker-Blacksmith National Pension Trust. The most significant of these unions are Boilermakers Local 374 and Boilermakers Local 128, which have collective bargaining agreements that expire on December 31, 2019 and April 30, 2022, respectively.
(2)
For the Local 164 IBEW Pension Plan, Local 98 IBEW Pension Plan, Indiana Laborers Pension Fund, and Iron Workers Pension Plan Local 55, the Company has not received a funding notification that covers the Company's fiscal year 2019 during the preparation of this Form 10-K. Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation, and the Department of Labor. The Company also observed that these plans have not submitted any Critical or Endangered Status Notices to the Department of Labor for calendar years that we have not received notification. The Critical or Endangered Status Notices can be accessed at https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/public-disclosure/2019-funding-status-notices.
(3)
The Company's collective bargaining agreement with Pipe Fitters Local 597 does not have an expiration date. The agreement was last renegotiated in 2012.