Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 306

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 306
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 basis.We made $0.1 million contributions to the pension plans for the year ended December 31, 2024, and expect $0.5 million contributions to be made to the pension plans in 2025. There were no employee contributions to the plans. The benefits expected to be paid in each year 2025–2029 are $7.4 million, $6.9 million, $7.1 million, $7.1 million and $7.2 million, respectively. The aggregate benefits expected to be paid in the five years from 2030–2034 are $36.3 million. The expected benefits are based on the same assumptions used to measure our benefit obligation at December 31, 2024 and include estimated future employee service.401(k) PlansFor the years ended December 31, 2024, 2023 and 2022, we sponsored a voluntary 401(k) Employee Retirement Savings Plans for eligible employees. Employees must be at least 19 years of age and eligibility to participate in the plan is immediate upon employment. Employee contributions are matched on a fully-vested basis by us up to a maximum of 10% on 6% of eligible compensation. Eligibility for the Company matching contribution begins immediately upon employment with vesting after one year of service. For the years ended December 31, 2024, 2023 and 2022, the 401(k) plans expense recognized was $24.8 million, $13.3 million and $10.1 million, respectively. These amounts exclude amounts related to discontinued operations of $1.3 million, $1.5 million and $0.8 million for the years ended December 31, 2024, 2023 and 2022, respectively.  Postretirement Medical Plan 

In addition to providing pension benefits, Alon has an unfunded postretirement medical plan covering certain health care and life insurance benefits for certain employees of Alon that retired prior to January 2, 2017, who met eligibility requirements in the plan documents. This plan is closed to new participants.  The health care benefits in excess of certain limits are insured. The accrued benefit liability related to this plan reflected in the consolidated balance sheet was $0.4 million and $0.6 million at December 31, 2024 and 2023, respectively. 

F-55 |

24. Selected Quarterly Financial Data (Unaudited)

Quarterly financial information for the years