Note L. Benefit Plans

The Company has deferred compensation arrangements for certain key executives, a savings and retirement plan, and a non-qualified deferred compensation plan in which certain employees are eligible to participate.

The Company offers deferred compensation arrangements for certain key executives. Subject to their continued employment by the Company, certain employees offered supplemental pension arrangements will receive a defined monthly benefit upon attaining age 65. At December 31, 2012 and 2011, the Company has accrued $3,669 and $3,362, respectively, representing the present value of the future benefit payments. Expenses related to these plans amounted to $486, $311, and $154 in 2012, 2011 and 2010, respectively.

Through the Central Merger, the Company has agreements with certain former key executives that provide for aggregate annual payments ranging from $32 to $144 per year for periods ranging from 10 years to life, beginning when the executive retires or upon death or disability. Under certain conditions, the amount of deferred benefits can be reduced. Life insurance contracts with a face value of approximately $6,700 as of December 31, 2012 have been purchased to fund, as necessary, the benefits under these agreements. The cash surrender value of the life insurance contracts is approximately $700 at December 31, 2012 and is included in other non current assets. The plan is a non-qualified plan and is not subject to ERISA funding requirements. Compensation costs for the year ended December 31, 2012 was $855. At December 31, 2012, the Company had recorded a liability in other long-term liabilities of $3,942 associated with these agreements.

The Company sponsors a savings and retirement plan whereby the participants may elect to contribute a portion of their compensation to the plan. The Company's Plan, is a qualified defined contribution plan 401(K). The Company contributes an amount in cash or other property as a Company match equal to 50% of the first 4% of contributions as they occur. Through the Central acquisition, the Company has the Central defined contribution plan. For the Central Plan, the Company will match an amount equal to 100% of the participant's contributions up to 3% of compensation and 50% of the participant's contributions exceeding 3% but not to exceed 5% of compensation. Expenses related to these plans amounted to $893, $988, and $951 in 2012, 2011 and 2010, respectively.

The Company also offers a non-qualified deferred compensation plan. This plan allows certain employees to defer a portion of their compensation, limited to a maximum of $50 per year, to be paid to the participants upon separation of employment or distribution date selected by employee. To support the non-qualified deferred compensation plan, the Company has elected to purchase Company Owned Life Insurance ("COLI") policies on certain plan participants. The cash surrender value of the COLI policies is designed to provide a source for funding the accrued liability. As of December 31, 2012 and 2011, the cash surrender value of the COLI policies is $5,620 and $3,902, respectively and is included in intangible and other assets, net on the consolidated balance sheet. The liability for the non-qualified deferred compensation plan is included in other long-term liabilities and was $6,064 and $3,929 as of December 31, 2012 and 2011, respectively.

The Company contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:

        a.     Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.

        b.     If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.

        c.     If the Company chooses to stop participating in one of its multiemployer plans, it may be required to pay the plan an amount based on the underfunded status of the plan, referred to as withdrawal liability.

At December 31, 2012, we employed approximately 25,000 employees compared to approximately 12,000 employees at December 31, 2011 and 2010. The increase in employment from prior years is primarily attributable to the Central Merger.

The Company's participation in these plans for the annual periods ended December 31, 2012, 2011 and 2010, is outlined in the table below. The "EIN/Pension Plan Number" column provides the Employee Identification Number ("EIN") and the three-digit plan number, if applicable. 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. The "Expiration Date of Collective Bargaining Agreement" column lists the expiration dates of the agreements to which the plans are subject.

		Pension Protection Zone Status

	EIN/ Pension Plan Number					Contributions								Expiration Date of Collective Bargaining Agreement
					FIP/FR Pending Implementation	Contributions						Surcharge Imposed	Zone Status as of the Most Recent Annual Report
Pension		2012	2011	2010	FIP/FR Pending Implementation	2012		2011		2010		Surcharge Imposed	Zone Status as of the Most Recent Annual Report
Teamsters Local Union 727	36-61023973	Green	Green	Green	N/A		3,848		3,617		2,500	No	2012	03/05/2014
Local 917 Pension Fund(1)	13-6086164	Red	Red	Orange	3/21/12		97		—		—	Yes	2010	06/30/2013

(1): Prior to the Merger date, Central represented more than 5% of the total contributions for the 2010 plan year.

The Company's contributions represented more than five percent of total contributions to the Teamsters Local Union No. 727 Benefit Fund for the plan year ending February 28, 2012 and Local 917 Pension Fund for the plan year ending October 31, 2011 (the most recently available annual reports). We do not represent more than five percent to any other fund.

Net expenses not reimbursed by clients and related to multiemployer defined benefit and defined contribution benefit plans were $762, $710 and $552 in 2012, 2011 and 2010, respectively.

In the event that we decide to cease participating in these plans, we could be assessed a withdrawal liability. We currently do not have any intentions to cease participating in these multiemployer pension plans and therefore would not trigger the withdrawal liability.