Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans - Predecessor

v3.22.1
Benefit Plans - Predecessor
3 Months Ended
Mar. 31, 2022
Aria Energy LLC  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]  
Benefit Plans - Predecessor Benefit Plans - Predecessor
401(k) Plan
Aria maintains a qualified tax deferred 401(k) retirement plan (the Plan). Under the provisions of the Plan, substantially all employees meeting minimum age and service requirements are entitled to contribute on a before and after-tax basis a certain percentage of their compensation. Aria matches up to 100% of employees’ first 3% contribution and 50% of the employees’ next 2% contribution. Employees vest immediately in their contributions and Aria’s contribution.
Postretirement Obligations
Aria sponsors an unfunded defined benefit health care plan that provides postretirement medical benefits to certain full-time employees who meet minimum age and service requirements.
Net periodic benefit cost recognized in the consolidated statements of comprehensive income was as follows:
Three Months Ended
(in thousands) March 31, 2021
Service cost $ 10 
Interest cost 20 
Amortization of prior service cost
Recognition of net actuarial loss 24 
Net periodic benefit cost $ 57