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i K <br />Schmidt Construction <br />Notes to Divisional Balance Sheet <br />December 31, 2004 <br />Note S -Pensions and Other Postretirement Benefits <br />All eligible salaried employees are covered by noncontributory defined benefrc pension <br />plans through Edw. C. Levy Co. In addkion, the Division provides certain defined <br />heath care benetits for retired employees through the ParerK. Separate actuarial and <br />funding information relative to the Division is not available. <br />Note 6 -Litigation and Claims <br />There are various pending actions against the DNision wkh respect to matters arising in <br />the ordinary course of business. The amount, if any, of the Division's ukimate liability <br />from these actions is presently not determinable. Based on cement available <br />information, k is the opinion of management that any such liability resuking from these <br />actions will not materially affect the financial position of the Division. <br />Note 7 -Self-Insurance <br />The DMsion and affiliates of the Parent are partially self-insured for workers' <br />compensation. The Division and affiliates of the Parent have obtained specific excess <br />reinsurance coverage for claims in excess of $1,000,000 per accident. The Division is <br />also self-inwred for employee health care coverage. <br />