Rendering

Component: (Network and Table)
Network
2317301 - Disclosure - Retirement Plans (Tables)
(http://www.emcorgroup.com/role/RetirementPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Compensation and Retirement Disclosure [Abstract]
 
Schedule of Changes in Benefit Obligations and Assets
The change in benefit obligations and assets of the UK Plan for the years ended December 31, 2016 and 2015 consisted of the following components (in thousands):
 
 
2016
 
2015
Change in pension benefit obligation
 
 
 
Benefit obligation at beginning of year
$
295,825

 
$
332,806

Interest cost
10,320

 
11,603

Actuarial loss (gain)
67,329

 
(21,707
)
Benefits paid
(12,044
)
 
(9,604
)
Foreign currency exchange rate changes
(54,699
)
 
(17,273
)
Benefit obligation at end of year
306,731

 
295,825

Change in pension plan assets
 

 
 

Fair value of plan assets at beginning of year
263,555

 
282,095

Actual return on plan assets
47,728

 
569

Employer contributions
4,906

 
5,631

Benefits paid
(12,044
)
 
(9,604
)
Foreign currency exchange rate changes
(46,909
)
 
(15,136
)
Fair value of plan assets at end of year
257,236

 
263,555

Funded status at end of year
$
(49,495
)
 
$
(32,270
)
 
 
Schedule of Net Periodic Benefit Cost Not yet Recognized
Amounts not yet reflected in net periodic pension cost and included in accumulated other comprehensive loss:
 
2016
 
2015
Unrecognized losses
$
102,943

 
$
88,818

 
 
Schedule of Weighted Average Assumptions Used Calculating Benefit Obligation
The weighted average assumptions used to determine benefit obligations as of December 31, 2016 and 2015 were as follows:
 
2016
 
2015
Discount rate
2.7
%
 
3.8
%
 
 
Schedule of Weighted Average Assumptions Used Calculate Net Periodic Pension Cost
The weighted average assumptions used to determine net periodic pension cost for the years ended December 31, 2016, 2015 and 2014 were as follows:
 
2016
 
2015
 
2014
Discount rate
3.8
%
 
3.6
%
 
4.6
%
Annual rate of return on plan assets
6.2
%
 
6.3
%
 
6.7
%
 
 
Components Of Net Periodic Pension Cost
The components of net periodic pension cost of the UK Plan for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):
 
 
2016
 
2015
 
2014
Interest cost
$
10,320

 
$
11,603

 
$
14,027

Expected return on plan assets
(14,227
)
 
(16,181
)
 
(16,888
)
Amortization of unrecognized loss
2,047

 
2,526

 
2,029

Net periodic pension cost (income)
$
(1,860
)
 
$
(2,052
)
 
$
(832
)
 
 
Schedule of Weighted Average Asset Allocations and Weighted Average Target Allocations
The weighted average asset allocations and weighted average target allocations at December 31, 2016 and 2015 were as follows:
 
Asset Category
Target
Asset
Allocation 
 
December 31,
2016
 
December 31,
2015
Equity securities
45.0
%
 
44.9
%
 
43.3
%
Debt securities
55.0
%
 
55.0
%
 
56.3
%
Cash
%
 
0.1
%
 
0.4
%
Total
100.0
%
 
100.0
%
 
100.0
%
 
 
Schedule of Plan Assets Fair Value Hierarchy
The following tables set forth by level, within the fair value hierarchy discussed in Note 10 - Fair Value Measurements, the fair value of assets of the UK Plan as of December 31, 2016 and 2015 (in thousands):
 
 
Assets at Fair Value as of December 31, 2016
Asset Category
    Level 1
 
Level 2
 
Level 3
 
Total
Equity and equity like investments
$

 
$
115,416

 
$

 
$
115,416

Corporate bonds

 
103,912

 

 
103,912

Government bonds

 
37,473

 

 
37,473

Cash
435

 

 

 
435

Total
$
435

 
$
256,801

 
$

 
$
257,236

 
Assets at Fair Value as of December 31, 2015
Asset Category
    Level 1
 
Level 2
 
Level 3
 
Total
Equity and equity like investments
$

 
$
114,213

 
$

 
$
114,213

Corporate bonds

 
114,434

 

 
114,434

Government bonds

 
34,011

 

 
34,011

Cash
897

 

 

 
897

Total
$
897

 
$
262,658

 
$

 
$
263,555

 
 
Schedule of Expected Benefit Payments
The following estimated benefit payments are expected to be paid in the following years (in thousands):
 
Pension
Benefits
2017
$
9,897

2018
$
10,193

2019
$
10,498

2020
$
10,812

2021
$
11,135

Succeeding five years
$
60,878

 
 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table shows certain information for the UK Plan where the accumulated benefit obligation is in excess of plan assets as of December 31, 2016 and 2015 (in thousands):
 
2016
 
2015
Projected benefit obligation
$
306,731

 
$
295,825

Accumulated benefit obligation
$
306,731

 
$
295,825

Fair value of plan assets
$
257,236

 
$
263,555

 
 
Schedule of Multiemployer Plans
The following table lists all domestic MEPPs to which our contributions exceeded $2.0 million in 2016. Additionally, this table also lists all domestic MEPPs to which we contributed in 2016 in excess of $0.5 million for MEPPs in the critical status, “red zone”, and $1.0 million in the endangered status, “orange or yellow zones”, as defined by the PPA (in thousands):     
Pension Fund
 
EIN/Pension Plan
Number
 
PPA Zone Status (1)
 
FIP/RP
Status
 
Contributions 
 
Contributions greater than 5% of total plan contributions (2)
 
Expiration
date of CBA
 
2016
 
2015
 
 
2016
 
2015
 
2014
 
Plumbers & Pipefitters National Pension Fund
 
52-6152779 001
 
Yellow
 
Yellow
 
Implemented
 
$
12,034

 
$
12,021

 
$
10,425

 
No
 
January  2017 to
May 2023
Sheet Metal Workers National Pension Fund
 
52-6112463 001
 
Yellow
 
Yellow
 
Implemented
 
11,280

 
10,891

 
9,977

 
No
 
January 2017 to
June 2020
National Automatic Sprinkler Industry Pension Fund
 
52-6054620 001
 
Red
 
Red
 
Implemented
 
11,075

 
6,697

 
6,000

 
No
 
May 2017 to
March 2021
National Electrical Benefit Fund
 
53-0181657 001
 
Green
 
Green
 
N/A
 
10,328

 
8,513

 
7,985

 
No
 
March 2017 to
May 2020
Pension, Hospitalization & Benefit Plan of the Electrical Industry- Pension Trust Account
 
13-6123601 001
 
Green
 
Green
 
N/A
 
9,687

 
7,543

 
6,219

 
No
 
January 2018 to June 2020
 




Pension Fund
 
EIN/Pension Plan
Number
 
PPA Zone Status (1)
 
FIP/RP
Status
 
Contributions
 
Contributions greater than 5% of total plan contributions (2)
 
Expiration
date of CBA
 
2016
 
2015
 
 
2016
 
2015
 
2014
 
Northern California Pipe Trades Pension Plan
 
94-3190386 001
 
Green
 
Green
 
N/A
 
6,495

 
3,544

 
3,270

 
Yes
 
May 2017 to June 2018
Central Pension Fund of the IUOE & Participating Employers
 
36-6052390 001
 
Green
 
Green
 
N/A
 
6,211

 
6,465

 
6,518

 
No
 
February 2017 to
November 2019
Electrical Contractors Association of the City of Chicago Local Union 134, IBEW Joint Pension Trust of Chicago Pension Plan 2
 
51-6030753 002
 
Green
 
Green
 
N/A
 
5,518

 
5,759

 
4,051

 
No
 
June 2017 to December 2017
Plumbers Pipefitters & Mechanical Equipment Service Local Union 392 Pension Plan
 
31-0655223 001
 
Red
 
Red
 
Implemented
 
5,202

 
5,554

 
4,962

 
Yes
 
June 2019
Sheet Metal Workers Pension Plan of Northern California
 
51-6115939 001
 
Red
 
Red
 
Implemented
 
5,164

 
4,851

 
3,467

 
No
 
June 2017 to June 2019
Southern California Pipe Trades Retirement Fund
 
51-6108443 001
 
Green
 
Green
 
N/A
 
4,371

 
2,743

 
2,863

 
No
 
June 2017 to
August 2019
Pipefitters Union Local 537 Pension Fund
 
51-6030859 001
 
Green
 
Green
 
N/A
 
3,970

 
3,939

 
2,981

 
Yes
 
January 2017
to August 2017
NECA-IBEW Pension Trust Fund
 
51-6029903 001
 
Green
 
Green
 
N/A
 
3,752

 
1,498

 
1,287

 
No
 
May 2017 to December 2017
Eighth District Electrical Pension Fund
 
84-6100393 001
 
Green
 
Green
 
N/A
 
3,444

 
3,411

 
2,695

 
Yes
 
August 2017 to May 2018
Electrical Workers Local No. 26 Pension Trust Fund
 
52-6117919 001
 
Green
 
Green
 
N/A
 
3,390

 
2,620

 
2,880

 
Yes
 
June 2017
to May 2019
Southern California IBEW-NECA Pension Trust Fund
 
95-6392774 001
 
Red
 
Orange
 
Implemented (3)
 
3,289

 
2,894

 
2,776

 
No
 
June 2019 to
May 2020
U.A. Plumbers Local 24 Pension Fund
 
22-6042823 001
 
Green
 
Green
 
N/A
 
3,147

 
2,431

 
1,998

 
Yes
 
April 2020
Sheet Metal Workers Pension Plan of Southern California, Arizona & Nevada
 
95-6052257 001
 
Yellow
 
Red
 
Pending
 
2,946

 
2,310

 
1,824

 
No
 
June 2017 to June 2020
U.A. Local 393 Pension Trust Fund Defined Benefit
 
94-6359772 002
 
Green
 
Green
 
N/A
 
2,490

 
4,597

 
3,585

 
Yes
 
June 2017 to June 2018
Heating, Piping & Refrigeration Pension Fund
 
52-1058013 001
 
Green
 
Green
 
N/A
 
2,402

 
1,948

 
1,877

 
No
 
July 2017 to July 2019
San Diego Electrical Pension Plan
 
95-6101801 001
 
Green
 
Red
 
N/A
 
2,216

 
2,109

 
1,878

 
Yes
 
May 2019 to May 2020
Boilermaker-Blacksmith National Pension Trust
 
48-6168020 001
 
Yellow
 
Yellow
 
Implemented
 
1,710

 
1,367

 
1,177

 
No
 
April 2017 to
September 2018
U.A. Local 38 Defined Benefit Pension Plan
 
94-1285319 001
 
Yellow
 
Yellow
 
Implemented
 
1,521

 
1,526

 
1,605

 
No
 
June 2017
Plumbing & Pipe Fitting Local 219 Pension Fund
 
34-6682376 001
 
Red
 
Red
 
Implemented
 
838

 
1,262

 
1,107

 
Yes
 
May 2017
Pension Fund
 
EIN/Pension Plan
Number
 
PPA Zone Status (1)
 
FIP/RP
Status
 
Contributions
 
Contributions greater than 5% of total plan contributions (2)
 
Expiration
date of CBA
 
2016
 
2015
 
 
2016
 
2015
 
2014
 
Plumbers & Pipefitters Local Union No. 502 & 633 Pension Fund
 
61-6078145 001
 
Red
 
Red
 
Implemented
 
713

 
365

 
232

 
No
 
May 2017 to July 2017
Steamfitters Local Union No. 420 Pension Plan
 
23-2004424 001
 
Red
 
Red
 
Implemented
 
709

 
845

 
862

 
No
 
April 2017 to
May 2017
Carpenters Pension Trust Fund for Northern California
 
94-6050970 001
 
Red
 
Red
 
Implemented
 
584

 
380

 
522

 
No
 
June 2019
Other Multiemployer Pension Plans
 
 
 
 
 
 
 
 
 
42,811

 
38,973

 
42,968

 
 
 
Various
Total Contributions
 
 
 
 
 
 
 
 
 
$
167,297

 
$
147,056

 
$
137,991

 
 
 
 
 

_________________
(1)
The zone status represents the most recent available information for the respective MEPP, which may be 2015 or earlier for the 2016 year and 2014 or earlier for the 2015 year.
(2)
This information was obtained from the respective plan’s Form 5500 (“Forms”) for the most current available filing. These dates may not correspond with our fiscal year contributions. The above noted percentages of contributions are based upon disclosures contained in the plans’ Forms. Those Forms, among other things, disclose the names of individual participating employers whose annual contributions account for more than 5% of the aggregate annual amount contributed by all participating employers for a plan year. Accordingly, if the annual contribution of two or more of our subsidiaries each accounted for less than 5% of such contributions, but in the aggregate accounted for in excess of 5% of such contributions, that greater percentage is not available and accordingly is not disclosed.
(3)
For these respective plans, a funding surcharge was currently in effect for 2016.