Intercontinental Exchange Inc., Atlanta, reported in its 10-K filing with the Securities and Exchange Commission on Thursday that about 34% of certain terminated vested participants in its U.S. defined benefit plans accepted the company's lump-sum offer.
The offer, made in the fourth quarter of 2014, was made to a total of 2,725 terminated vested participants, and 935 of those participants took the offer. The company made a payout to those participants totaling about $55 million before the end of the year.
As of Dec. 31, the pension funds had $718 million in assets and $916 million in projected benefit obligations, for a funding ratio of 78.4%. The company contributed $51 million to the pension funds in 2014.
Kelly Loeffler, company spokeswoman, declined to comment.