Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 652

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1A
Chunk 652
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 Agreement were $53 million and $67 million, as of December 31, 2024 and 2023, respectively, and have been reflected within Other long-term assets, net in the Balance Sheets. Multi-employer Pension Plans The Company contributes to a number of multi-employer defined benefit pension plans under the terms of collective bargaining agreements that cover union-represented employees. The risks of participating in these multi-employer plans are different from a single-employer plan in the following respects:i.Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers.ii.If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.iii.If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay those plans an amount based on the underfunding of the plan, referred to as a “withdrawal liability.”Multi-employer Pension Plan ParticipationPension Protection Act Zone Status (a)Contributions(In millions) Pension FundEIN/Pension Plan Number2024FIP/RP Status (b)202420232022Surcharge ImposedExpiration Date of Collective Bargaining Agreement (c)Southern Nevada Culinary and Bartenders Pension Plan (d)88-6016617/001GreenNo$27 $26 $24 NoSeptember 30, 2028Legacy Plan of the UNITE HERE Retirement Fund (d)(e)82-0994119/001RedYes11 109NoVarious up to September 30, 2027Central Pension Fund of the IUOE & Participating Employers 36-6052390/001GreenNo7 7 7 N/AMarch 31, 2029Western Conference of Teamsters Pension Plan91-6145047/001GreenNo7 7 6 N/AAugust 31, 2029Painters IUPAT52-6073909/001RedYes1 1 1 NoJune 30, 2026Other Funds4 43Total Contributions$57 $55 $50 ____________________(a)Represents the Pension Protection Act zone status for applicable plan year beginning January 1, except where noted otherwise. The zone status is based on information that the Company received from the plan administrator and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65%