Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 140

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 140
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Unfunded status$1,324 $4,065 $8,809 Amounts recognized in the Consolidated Balance Sheets at December 31, consist of the following:20242023Non-current liability$1,324 $4,065 Net amount recognized$1,324 $4,065 Amounts recognized in Accumulated other comprehensive loss before income taxes consists of the following components for the years ended December 31,:202420232022Accumulated net actuarial gains$6,756 $5,148 $4,810 Amount recognized$6,756 $5,148 $4,810 As of December 31, 2024, and 2023, the weighted average discount rates used to determine benefit obligations were 5.75% and 5.34%, respectively.The discount rate assumptions at December 31, 2024, and 2023 were determined independently. The discount rate was derived from the effective interest rate of a hypothetical portfolio of high-quality bonds, whose cash flows match the expected future benefit payments from the plan as of the measurement date.

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Fair Value of Plan Assets and Investment StrategyAs of December 31, 2024, and 2023, the plan assets consisted of receivables, money market fund - short term investments, and mutual funds, which were all Level 1 assets within the fair value hierarchy. The fair value of the receivables, money market fund - short term investments, and mutual funds were approximately $0.1 million, $2.0 million, and $21.4 million, respectively, as of December 31, 2024, and approximately $0.1 million, $0.8 million, and $21.5 million, respectively, as of December 31, 2023. See Note 18 of the Notes included herein for additional information regarding the fair value hierarchy.The pension plan’s weighted average asset allocation for the years ended December 31, 2024, and 2023 were as follows:Target AllocationActual Allocation202420242023Asset Category:Equity securities56.0 %68.0 %69.6 %Debt securities30.0 %23.6 %26.6 %Cash/cash equivalents and Short-term investments14.0 %8.4 %3.8 %Total100.0 %100.0 %100.0