Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 122

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 122
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 to various limits in all plans. The Company also sponsors retirement plans that include Company non-elective contributions. Non-elective and matching contributions under these plans totaled $13,126, $13,919 and $12,015 for the years ended December 31, 2024, 2023 and 2022, respectively.

13. Postretirement Benefits Other Than Pensions

The Company provides certain retiree health care and life insurance benefits covering certain U.S. salaried and hourly employees and employees in Canada. Employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service. The Company’s policy is to fund the cost of these postretirement benefits as these benefits become payable.Information related to the Company’s postretirement benefit plans was as follows:   Year Ended December 31, 20242023  U.S. Non-U.S. U.S. Non-U.S.Change in benefit obligations:Benefit obligations at beginning of year$11,763 $17,408 $15,812 $15,473 Service cost23 177 52 150 Interest cost567 763 821 788 Net actuarial (gain) loss(113)(398)(3,759)1,230 Benefits paid(1,163)(764)(1,163)(748)Other— — — 107 Foreign currency exchange rate effect— (1,411)— 408 Benefit obligations at end of year$11,077 $15,775 $11,763 $17,408 Funded status of the plan$(11,077)$(15,775)$(11,763)$(17,408)Net amount recognized as of December 31$(11,077)$(15,775)$(11,763)$(17,408)December 31, 2024December 31, 2023 U.S. Non-U.S. U.S. Non-U.S.Amounts recognized in the consolidated balance sheet:Accrued liabilities$(1,248)$(757)$(1,264)$(761)Postretirement benefits other than pension (long term)(9,829)(15,018)(10,499)(16,647)Pre-tax amounts included in accumulated other comprehensive loss that have not yet been recognized in net periodic benefit cost (income) as of December 31, 2024 and 2023 were as follows: