Company: MATV
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001000623-25-000009
Chunk: 151

Company: Mativ Holdings, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 151
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 benefit obligations, an expected long-term rate of return on plan assets is also used to determine net periodic pension benefit costs. The weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2024, 2023, and 2022 were as follows:Pension BenefitsU.S.Non-U.S.202420232022202420232022Discount rate5.14 %5.42 %4.09 %4.32 %4.53 %3.71 %Expected long-term rate of return on plan assets6.27 %6.10 %5.19 %3.18 %2.48 %1.96 %Rate of compensation increase1.90 %1.90 %1.90 %2.72 %0.45 %2.77 %Other Postretirement Benefits(1)U.S.Non-U.S.202420232022202420232022Discount rate5.00 %5.32 %4.42 %4.15 %3.96 %1.61 %Expected long-term rate of return on plan assets— %— %— %— %— %— %Rate of compensation increase3.50 %3.50 %3.50 %2.75 %1.65 %2.35 %The Company's investment strategy with respect to its U.S. pension plan assets is to maximize the return on investment of plan assets at an acceptable level of risk and to assure each plans' fiscal health. The target asset allocation varies based on the funded status of the plan in an effort to match the duration of the plan's liabilities to investments in long duration fixed income assets over time. For the year ended December 31, 2024, the target and actual allocation of plan assets were aligned.  Investments under the U.K. plan are allocated based on a targeted return, driven by the funded status of the 

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MATIV HOLDINGS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

plan. The primary goal of the Company's pension plans is to maintain the highest probability of assuring future benefit payments to participants while providing growth of capital in real terms. To achieve this goal, the investment philosophy is to protect plan assets from large investment losses, particularly over time, while steadily growing the assets in a prudent manner. While