Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 113

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 113
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 as follows:Equity Securities - Includes common stocks issued by U.S., United Kingdom and other international companies, equity funds that invest in common stocks and unit linked insurance policies. Equity investments generally allow near-term (within 90 days of the measurement date) liquidity and are held in issues that are actively traded to facilitate transactions at minimum cost.Balanced Securities - Includes funds primarily invested in a mix of equity and fixed income securities where the allocations are at the discretion of the investment manager. Investments generally allow near-term (within 90 days of the measurement date) liquidity and are held in issues that are actively traded to facilitate transactions at minimum cost.Fixed Income Securities - Includes U.S. dollar-denominated and United Kingdom and other international marketable bonds and convertible debt securities as well as fixed income funds that invest in these instruments. Investments generally allow near-term liquidity and are held in issues that are actively traded to facilitate transactions at minimum cost.The fair values of our pension plan assets by asset category and by level as described in Note 1, Significant Accounting Policies, for the years ended December 31, 2024 and 2023 are as follows: December 31, 2024  Quoted Prices inActive Markets forIdentical AssetsSignificantObservable InputsSignificantUnobservable Inputs TotalLevel 1Level 2Level 3Insurance contracts and other$20,591 $— $20,591 $— Total pension fund assets$20,591 $— $20,591 $— December 31, 2023Quoted Prices inActive Markets forIdentical AssetsSignificantObservable InputsSignificantUnobservable InputsTotalLevel 1Level 2Level 3Insurance contract and other$23,052 $— $23,052 $— Total pension fund assets$23,052 $— $23,052 $— 

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The following table summarizes expected future benefit payments out of our pension and other post-retirement benefit plans:

Year Ending December 31,Pension Plans2025$1,995 2026$1,918 2027$1,937 2028$1,997 2029$2,088 2030 to 2034$9,915        

10.    Performance Awards

In 2020, the Company made awards, defined as cash, shares or other awards, to employees under the Commercial Vehicle