v3.25.4
EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Table Outlining Company's Participation in Pension Plans
The Company’s participation in these plans is presented below.
 EIN/Pension
Pension Protection Act Zone Status (2)
FIP/RP
Contributions by the Company
(in thousands)(4)
SurchargeExpiration Dates of Collective Bargaining Agreements
Pension Fund(1)
Plan Number20242023
Status (3)
202520242023Imposed
Western Unite Here and Employers Pension Fund(6)
93-4160766/001
GreenGreenNo$63,757 $61,630 $59,172 No
09/30/2028(5); 09/30/2029(5)
The Legacy Plan of the UNITE HERE Retirement Fund (UHF)
82-0994119/001
RedRedImplemented$10,657 $10,448 $10,113 No5/31/2026
(1)The Company was listed in the plan’s Form 5500 as providing more than 5% of the total contributions for the plan years 2024 and 2023 for both plans. At the date the financial statements were issued, Form 5500 was not available for the plan year 2025.
(2)The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary. Plans in the red zone are generally less than 65% funded (critical status) and plans in the green zone are at least 80% funded.
(3)Indicates plans for which a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented.
(4)There have been no significant changes that affect the comparability of contributions.
(5)The Company is party to eleven collective bargaining agreements (CBA) that provide for contributions to the Western Unite Here and Employers Pension Fund, which are primarily with the Local Joint Executive Board of Las Vegas, for and on behalf of the Culinary Workers Union and Bartenders Union. The agreements between Aria, Bellagio, The Cosmopolitan, Mandalay Bay, and MGM Grand Las Vegas are the most significant because more than two-thirds of the Company’s employee participants in this plan are covered by those five agreements.
(6)Effective January 1, 2024, the Southern Nevada Culinary and Bartenders Pension Plan merged into the Western Unite Here and Employers Pension Fund. There were no material changes to the terms of the plan.