Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 139

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 139
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67)— Net periodic benefit (income) loss$(152)$201 $(555)Settlement (gain)— (501)(198)Total periodic benefit income$(152)$(300)$(753)The above components are included within Other, net on the Consolidated Statements of Operations. 

85

The weighted average discount rate and expected return on plan assets that were used to determine net periodic costs were 5.34% and 6.50%, respectively, as of December 31, 2024, 5.47% and 6.50%, respectively, as of December 31, 2023, and 2.82% and 6.50%, respectively, as of December 31, 2022.The expected return on plan assets is a long-term assumption established by considering historical and anticipated returns of the asset classes invested in by the pension plan and the allocation strategy currently in place among those classes.Other changes in plan assets and benefit obligation recognized in Other comprehensive income (loss) consist of the following components for the years ended December 31,:202420232022Current year actuarial (gain)$(1,693)$(405)$(4,088)Amortization of actuarial gain85 67 — Total recognized in other comprehensive (income)(1,608)(338)(4,088)Total recognized in net periodic benefit (income) and other comprehensive (income)$(1,760)$(638)$(4,841)The following table summarizes the change in benefit obligation and fair values of plan assets for the years ended December 31,:202420232022Change in benefit obligation:Benefit obligation, beginning balance $26,461 $28,044 $40,005 Interest cost1,362 1,486 1,104 Actuarial (gain) loss(734)535 (10,930)Benefits paid(2,317)(3,604)(2,135)Benefit obligation, ending balance24,772 26,461 28,044 Change in plan assets:Fair value of plan assets, beginning balance22,396 19,235 26,355 Actual gain (loss) on plan assets2,388 2,659 (4,985)Employer contributions981 4,106 — Benefits paid(2,317)(3,604)(2,135)Fair value of plan assets, ending balance23,448 22,396 19,235