Annual report pursuant to Section 13 and 15(d)

Savings, Multi-Employer And Defined Benefit Pension Plans (Tables)

v3.20.4
Savings, Multi-Employer And Defined Benefit Pension Plans (Tables)
12 Months Ended
Dec. 31, 2020
Deferred Compensation Arrangements [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The funded status of the ISH Retirement Plan as of December 31, was as follows (in thousands):
2020 2019
Fair Value of Assets $ 38,259  $ 37,723 
Projected Benefit Obligation (40,289) (37,583)
Funded Status(1)
$ (2,030) $ 140 
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(1)Included in other liabilities and other assets, respectively, in the accompanying consolidated balance sheets.
Schedule of Assumptions Used
The significant assumptions used in determining the projected benefit obligation as of December 31, were as follows:
2020 2019
Discount rate 2.30  % 3.10  %
Rate of increase in compensations levels(1)
N/A N/A
CPI 2.25  % 2.25  %
Cash balance interest credits (compounded annually) 3.00  % 4.00  %
Expected long-term rate of return on plan assets 4.00  % 6.00  %
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(1)Retirement benefits were frozen as of August 31, 2017.
Schedule of Expected Benefit Payments
The future benefit payments expected to be paid in each of the next five fiscal years are as follows (in thousands):
2021 $ 2,260 
2022 2,270 
2023 2,250 
2024 2,210 
2025 2,270