Company: ASB
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000007789-25-000013
Chunk: 70

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-02-12
Form: 10-K
Item: Item 8
Chunk 70
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 (212)— (158)Noncurrent liabilities— (1,832)— (1,267)Asset (liability) recognized on the consolidated balance sheets$265,605 $(2,043)$242,104 $(1,425)(a) The fair value of the plan assets represented 224% and 215% of the net benefit obligation of the pension plan at December 31, 2024 and 2023, respectively.119

Amounts recognized in accumulated other comprehensive (income) loss, net of tax, were as follows:RAPPostretirementPlanRAPPostretirementPlan($ in thousands)2024202420232023Prior service cost$(723)$(252)$(884)$(308)Net actuarial loss (gain)24,758 267 27,089 (301)Amount not yet recognized in net periodic benefit cost, but recognized in accumulated other comprehensive (income) loss$24,035 $15 $26,204 $(609)Other changes in plan assets and benefit obligations recognized in OCI, net of tax were as follows:RAPPostretirementPlanRAPPostretirementPlan($ in thousands)2024202420232023Net actuarial gain (loss)$3,102 $(729)$24,228 $12 Amortization of prior service cost(215)(75)(250)(75)Amortization of actuarial loss (gain)— (28)— (29)Income tax (expense) benefit(718)208 (6,327)23 Total recognized in OCI$2,169 $(624)$17,650 $(68)The components of net periodic pension cost for the RAP were as follows:($ in thousands)202420232022Service cost$3,027 $3,189 $3,670 Interest cost11,173 10,887 7,152 Expected return on plan assets(34,599)(32,862)(26,903)Amortization of prior service cost(215)(250)(250)Amortization of actuarial loss — — 658 Total net periodic pension (income)$(20,614)$(19,037)$(15,673)The components of net periodic benefit cost for the Postretirement Plan were as follows:($ in thousands)202420232022Interest cost$73 $78 $53 Amortization of prior service cost(75)(75)(