Company: EME
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000105634-25-000015
Chunk: 131

Company: EMCOR Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 131
---
loss) return on plan assets(5,240)10,563 Employer contributions816 1,564 Benefits paid(11,522)(10,411)Foreign currency exchange rate changes(3,514)11,077 Fair value of plan assets at end of year203,617 223,077 Funded status at end of year$24,150 $18,980 The funded status of the UK Plan of $24.2 million and $19.0 million as of December 31, 2024 and 2023, respectively, is included in “Other assets” in the accompanying Consolidated Balance Sheets. No plan assets are expected to be returned to us during the year ending December 31, 2025. 

64

Table of ContentsEMCOR Group, Inc. and SubsidiariesNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 14 - RETIREMENT PLANS (Continued)The assumptions used to determine benefit obligations of the UK Plan as of December 31, 2024 and 2023 were as follows:  20242023Discount rate5.5 %4.8 %The components of net periodic pension (income) cost of the UK Plan for the years ended December 31, 2024, 2023, and 2022 were as follows (in thousands): 202420232022Interest cost$9,569 $9,722 $5,693 Expected return on plan assets(13,010)(11,417)(12,088)Amortization of unrecognized loss2,625 2,611 2,073 Net periodic pension (income) cost$(816)$916 $(4,322)The assumptions used to determine net periodic pension (income) cost of the UK Plan for the years ended December 31, 2024, 2023, and 2022 were as follows:  202420232022Discount rate4.8 %5.0 %1.8 %Annual rate of return on plan assets6.3 %5.7 %3.9 %The annual rate of return on plan assets has been determined by modeling possible returns using the actuary’s portfolio return calculator and the fair value of plan assets. This approach models the long term expected returns of the various asset classes held in the portfolio and takes into account the additional benefits of holding a diversified portfolio. For measurement purposes of the liability, the