Key Information for Individually Significant Multiemployer Defined Benefit Pension Plans(1) | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | Pension Protection Act Zone Status(3) | | FIP/RP Status(4) | | Contributions by ABM | | Surcharge Imposed(5) | | Expiration Dates of Collective Bargaining Agreements | Pension Fund | | EIN/PN(2) | | 2018 | | 2017 | | Pending/ Implemented | | 2018 | | 2017 | | 2016 | Building Service 32BJ Pension Fund | | 13-1879376 / 001 | | Red 6/30/2017 | | Red 6/30/2016 | | Implemented | | $ | 19.9 |
| | $ | 20.1 |
| | $ | 17.0 |
| | No | | 12/31/2019 | Central Pension Fund of the IUOE & Participating Employers | | 36-6052390 / 001 | | Green 1/31/2018 | | Green 1/31/2017 | | N/A* | | 11.0 |
| | 10.7 |
| | 11.0 |
| | N/A* | | 12/31/2018 - 12/31/2021 | S.E.I.U. National Industry Pension Fund | | 52-6148540 / 001 | | Red 12/31/2017 | | Red 12/31/2016 | | Implemented | | 8.7 |
| | 7.2 |
| | 6.8 |
| | Yes | | 2/14/2019 - 1/31/2023 | Local 25 SEIU & Participating Employers Pension Trust | | 36-6486542 / 001 | | Green 9/30/2017 | | Green 9/30/2016 | | N/A* | | 5.8 |
| | 6.0 |
| | 6.2 |
| | N/A* | | 4/4/2021 | IUOE Stationary Engineers Local 39 Pension Plan | | 94-6118939 / 001 | | Green 12/31/2017 | | Green 12/31/2016 | | N/A* | | 5.2 |
| | 4.8 |
| | 5.2 |
| | N/A* | | 2/28/2019 - 8/31/2023 | Western Conference of Teamsters Pension Plan | | 91-6145047 / 001 | | Green 12/31/2017 | | Green 12/31/2016 | | N/A* | | 3.1 |
| | 3.5 |
| | 0.9 |
| | N/A* | | 11/30/2018 - 12/31/2021 | Local 68 Engineers Union Pension Plan | | 51-0176618 / 001 | | Red 6/30/2017 | | Green 6/30/2016 | | Implemented | | 3.0 |
| | 2.8 |
| | 2.8 |
| | No | | 4/30/2019 - 9/30/2021 | All Other Plans: | | | | | | | | | | 8.5 |
| | 8.0 |
| | 9.4 |
| | | | | Total Contributions | | | | | | | | | | $ | 65.3 |
| | $ | 63.1 |
| | $ | 59.3 |
| | | | |
(1) To determine individually significant plans, we evaluated several factors, including our total contributions to the plan, our significance to the plan in terms of participating employees and contributions, and the funded status of the plan. (2) The “EIN/PN” column provides the Employer Identification Number and the three-digit plan number assigned to the plan by the Internal Revenue Service (“IRS”). (3) The Pension Protection Act Zone Status columns provide the two most recently available Pension Protection Act zone statuses from each plan. The zone status is based on information provided to us and other participating employers and is certified by each plan’s actuary. Among other factors, plans in the red zone are generally less than 65% funded, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded. (4) Indicates whether a Financial Improvement Plan (“FIP”) for yellow zone plans or a Rehabilitation Plan (“RP”) for red zone plans is pending or implemented. (5) Indicates whether our contribution in 2018 included an amount in addition to the contribution rate specified in the applicable collective bargaining agreement as imposed by a plan in the red zone.
Multiemployer Pension Plans for which ABM is a Significant Contributor | | | | Pension Fund | | Contributions to the plan exceeded more than 5% of total contributions per most currently available Forms 5500 | | (as of the plan’s year end) | Building Service 32BJ Pension Fund | | 6/30/2017, 6/30/2016, and 6/30/2015 | Building Service Pension Plan* | | 4/30/2017, 4/30/2016, and 4/30/2015 | Contract Cleaners Service Employees’ Pension Plan* | | 12/31/2017, 12/31/2016, and 12/31/2015 | Firemen & Oilers Pension Plan of SEIU Local 1* | | 7/31/2017 | IUOE Stationary Engineers Local 39 Pension Plan | | 12/31/2017 and 12/31/2016 | Local 25 SEIU & Participating Employers Pension Trust | | 9/30/2017, 9/30/2016, and 9/30/2015 | Massachusetts Service Employees Pension Plan* | | 12/31/2017, 12/31/2016, and 12/31/2015 | S.E.I.U. National Industry Pension Fund | | 12/31/2017, 12/31/2016, and 12/31/2015 | Service Employees International Union Local 1 Cleveland Pension Plan* | | 12/31/2017, 12/31/2016, and 12/31/2015 | Service Employees International Union Local 32BJ, District 36 Building Operators Pension Trust Fund* | | 12/31/2017, 12/31/2016, and 12/31/2015 | Teamsters Local 617 Pension Fund* | | 2/28/2018, 2/28/2017, and 2/29/2016 | Teamsters Local Union No. 727 Pension Plan* | | 2/28/2018, 2/28/2017, and 2/29/2016 |
* These plans are not separately listed in our multiemployer table as they represent an insignificant portion of our total multiemployer pension plan contributions.
|