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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans
The following table presents our participation in these plans (dollars in thousands):
Pension Protection Act (“PPA”) Certified Zone Status (1)Contributions
Pension Trust FundPension Plan Employer Identification Number20232022FIP / RP Status Pending / Implemented (2)202320222021Surcharge ImposedExpiration Date of Collective Bargaining Agreement (3)
Operating Engineers Pension Trust Fund95-6032478GreenYellowNo$5,357 $4,768 $5,266 No6/30/2025
Locals 302 and 612 IUOE-Employers Construction Industry Retirement Plan91-6028571GreenGreenNo6,520 5,204 4,744 No5/31/2024 5/31/2025 3/31/2026
Pension Trust Fund for Operating Engineers94-6090764YellowYellowYes10,434 9,783 10,095 No6/30/2024 10/31/2024 3/31/2025 3/31/2026 6/30/2026 9/30/2026
3/31/2027
All other funds (48 as of December 31, 2023)
20,466 18,270 21,517 
Total contributions:$42,777 $38,025 $41,622 
(1)The most recent PPA zone status available in 2023 and 2022 is for the plan’s year-end during 2022 and 2021, respectively. The zone status is based on information that we 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 orange zone are less than 80 percent funded and have an Accumulated Funding Deficiency in the current year or projected into the next six years, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.
(2)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.
(3)Lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject. Pension trust funds with a range of expiration dates have various collective bargaining agreements.