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BENEFIT PLANS | 9 Months Ended
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Nov. 07, 2020
BENEFIT PLANS |
BENEFIT PLANS |
3. | BENEFIT PLANS
​ The following table provides the components of net periodic benefit cost for the company-sponsored defined benefit pension plans and other post-retirement benefit plans for the third quarters of 2020 and 2019. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Third Quarter Ended
​ | ​ | Pension Benefits | ​ | Other Benefits
​ | ​ | November 7, | ​ | November 9, | ​ | November 7, | ​ | November 9,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
Components of net periodic benefit cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Service cost |  | $ | 3 |  | $ | 6 |  | $ | 3 |  | $ | 2
Interest cost | ​ |  | 26 | ​ |  | 32 | ​ |  | 1 | ​ |  | 2
Expected return on plan assets | ​ |  | (39) | ​ |  | (43) | ​ |  | — | ​ |  | —
Amortization of: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Prior service cost | ​ |  | — | ​ |  | — | ​ |  | (3) | ​ |  | (3)
Actuarial loss (gain) | ​ |  | 8 | ​ |  | 16 | ​ |  | (2) | ​ |  | (3)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net periodic benefit cost |  | $ | (2) |  | $ | 11 |  | $ | (1) |  | $ | (2)
The following table provides the components of net periodic benefit cost for the company-sponsored defined benefit pension plans and other post-retirement benefit plans for the first three quarters of 2020 and 2019. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Quarters Ended
​ | ​ | Pension Benefits | ​ | Other Benefits
​ | ​ | November 7, | ​ | November 9, | ​ | November 7, | ​ | November 9,
​ |  | 2020 |  | 2019 |  | 2020 |  | 2019
Components of net periodic benefit cost: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Service cost |  | $ | 10 |  | $ | 24 |  | $ | 6 |  | $ | 6
Interest cost | ​ |  | 86 | ​ |  | 105 | ​ |  | 4 | ​ |  | 6
Expected return on plan assets | ​ |  | (130) | ​ |  | (140) | ​ |  | — | ​ |  | —
Amortization of: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Prior service cost | ​ |  | — | ​ |  | — | ​ |  | (9) | ​ |  | (8)
Actuarial loss (gain) | ​ |  | 27 | ​ |  | 47 | ​ |  | (6) | ​ |  | (8)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net periodic benefit cost |  | $ | (7) |  | $ | 36 |  | $ | (5) |  | $ | (4)
​ The Company is not required to make any contributions to its company-sponsored pension plans in 2020, but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any contributions to its company-sponsored pension plans in the first three quarters of 2020 and 2019. ​ The Company contributed $227 and $209 to employee 401(k) retirement savings accounts in the first three quarters of 2020 and 2019, respectively. ​ The Company also contributes to various multi-employer pension plans based on obligations arising from most of its collective bargaining agreements. These plans provide retirement benefits to participants based on their service to contributing employers. The Company recognizes expense in connection with these plans as contributions are funded. In addition to the recurring multi-employer pension contributions the Company makes in the normal course of business, in the first quarter of 2020, the Company contributed an incremental $236, $180 net of tax, to multi-employer pension plans, helping stabilize future associate benefits. ​ During the first three quarters of 2019, the Company incurred charges totaling $131, $101 net of tax, due to obligations related to withdrawal liabilities for certain multi-employer pension funds. This included charges in the third quarter of 2019, totaling $45, $35 net of tax, due to obligations related to withdrawal liabilities for certain multi-employer pension funds. The charges were recorded in the OG&A caption in the Consolidated Statements of Operations. ​ Additionally, during the first three quarters of 2019, the Company sold an unused warehouse. The gain on the sale was used to contribute a similar amount into the UFCW Consolidated Pension Plan. ​ During the third quarter of 2019, the Company approved and implemented a plan to reorganize certain portions of its division management structure. This reorganization has increased operational effectiveness and reduced overhead costs while maintaining a high quality customer experience. The Company recorded a charge for severance and related benefits of $80, $61 net of tax, in the third quarter of 2019, which is included in the OG&A caption within the Consolidated Statements of Operations. ​

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