Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 171

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 171
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 plan will be determined at our sole discretion.
    
   Investment Strategies 
    
   U.S. Pension Plan
    
   The obligations of our pension plan are supported by assets held in a trust for the payment of benefits. We are obligated to adequately fund the trust. For the pension plan assets, we have the following primary investment objectives: (1) closely match the cash flows from interest payments and maturities of the pension plan’s investments with the long-term financial obligations from the plan’s liabilities; and (2) enhance the pension plan’s investment returns without taking on undue risk by industries, maturities or geographies of the underlying investment holdings.
    
   The pension plan portfolio is broadly diversified across equity, fixed income and alternative investments. The weightings of the equity portfolio will follow the MSCI All County World Index. The fixed income portion of the pension plan will allocate at least 75% of assets to investment-grade bonds. Alternative investments are allowed to be made. Low-liquidity alternative assets are also permitted but will have an overall target of less than 25% of the asset allocation.
    
   The cash flow requirements of the pension plan are analyzed at least annually. The pension plan does not invest in Tidewater stock.
    
   Our policy for the pension plan is to contribute no less than the minimum required contribution by law and no more than the maximum deductible amount. The pension plan assets are periodically evaluated for concentration risks.

       100

   U.S. Pension Plan Asset Allocations 
    
   The following table provides the actual asset allocations for the pension plan:

       Actual as of    Actual as of  
   December 31, 2024    December 31, 2023  
 U.S. Pension plan:         
 Cash   2%  3%
 Alternative securities   9%  18%
 Debt securities   40%  33%
 Equity securities   49%  46%
 Total   100%  100%

   Fair Value of Pension Plans Assets 
    
   Tidewater’s pension plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, except for investments for which fair value is measured using the net asset value per share expedient.
    
   The following table provides the fair value hierarchy for our domestic pension plan measured at fair