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Employee Pension and Profit Sharing Plans - (Tables) | 12 Months Ended
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Sep. 27, 2024
Retirement Benefits [Abstract] |
Schedule of Fair Value of Plan Assets and Projected Benefit Obligation | The following table sets forth the fair value of plan assets and projected benefit obligation for the Company's single-employer defined benefit pension plans (in thousands):
|  | September 27, 2024 |  | September 29, 2023
Fair Value of Plan Assets |  | $ | 140,992 |  |  | $ | 125,757 |
Benefit Obligation |  | 116,611 |  |  | 92,768 |
Funded Status |  | $ | 24,381 |  |  | $ | 32,989 |
Schedule of Allocation of Plan Assets | The fair value of plan assets for the Company's defined benefit pension plans as of September 27, 2024 and September 29, 2023 is as follows (see Note 17 for a description of the fair value levels) (in thousands):
|  | September 27, 2024 |  | Quoted prices in active markets Level 1 |  | Significant other observable inputs Level 2 |  | Significant unobservable inputs Level 3
Cash and cash equivalents |  | $ | 24,996 |  |  | $ | 24,996 |  |  | $ | — |  |  | $ | — |
Investment funds: |  |  |  |  |  |  |  |
Equity funds |  | 14,423 |  |  | — |  |  | 14,423 |  |  | — |
Fixed income funds |  | 18,642 |  |  | — |  |  | 18,642 |  |  | — |
Insurance contracts |  | 82,931 |  |  | — |  |  | — |  |  | 82,931 |
Total |  | $ | 140,992 |  |  | $ | 24,996 |  |  | $ | 33,065 |  |  | $ | 82,931 |
|  | September 29, 2023 |  | Quoted prices in active markets Level 1 |  | Significant other observable inputs Level 2 |  | Significant unobservable inputs Level 3
Cash and cash equivalents |  | $ | 13,674 |  |  | $ | 13,674 |  |  | $ | — |  |  | $ | — |
Investment funds: |  |  |  |  |  |  |  |
Equity funds |  | 12,534 |  |  | — |  |  | 12,534 |  |  | — |
Fixed income funds |  | 98,620 |  |  | — |  |  | 98,620 |  |  | — |
Real estate |  | 929 |  |  | — |  |  | — |  |  | 929 |
Total |  | $ | 125,757 |  |  | $ | 13,674 |  |  | $ | 111,154 |  |  | $ | 929 |
Schedule of Multiemployer Plans | There have been no significant changes that affect the comparability of fiscal 2024, fiscal 2023 and fiscal 2022 contributions.
Pension Fund | EIN/Pension Plan Number | Pension Protection Act Zone Status | FIP/RP Status Pending/ Implemented | Contributions by the Company (in thousands) |  | Range of Expiration Dates of CBAs
2024 | 2023 | 2024 | 2023 | 2022 | Surcharge Imposed
National Retirement Fund | 13-6130178/ 001 | Critical | Critical | Implemented | $ | 1,382 |  | $ | 1,217 |  | $ | 1,035 |  | No | 5/31/2024 - 9/30/2027
UNITE HERE Retirement Fund | 82-0994119/ 001 | Critical and Declining | Critical and Declining | Implemented | 6,362 |  | 6,217 |  | 5,348 |  | No | 12/31/2022 - 1/1/2026
Local 1102 Retirement Trust | 13-1847329/ 001 | Critical and Declining | Critical and Declining | Implemented | 70 |  | 65 |  | 33 |  | No | 10/31/2024
Central States SE and SW Areas Pension Plan(1) | 36-6044243/ 001 | Critical | Critical | Implemented | 298 |  | 226 |  | 196 |  | No | 8/31/2025 - 1/31/2028
Pension Plan for Hospital & Health Care Employees Philadelphia & Vicinity | 23-2627428/ 001 | Critical and Declining | Critical and Declining | Implemented | 344 |  | 333 |  | 353 |  | No | 1/31/2028
SEIU National Industry Pension Fund (2) | 52-6148540/ 001 | Critical | Critical | Implemented | 160 |  | 230 |  | 794 |  | No | 4/14/2025 - 6/30/2025
Retail Wholesale & Department Store International Union and Industry Pension Fund(3) | 63-0708442/ 001 | Critical and Declining | Critical and Declining | Implemented | 248 |  | 53 |  | 54 |  | No | 1/31/2025 - 6/30/2027
Other funds |  |  |  |  | 7,461 |  | 7,479 |  | 6,736 |  |  |
Total contributions |  |  |  |  | $ | 16,325 |  | $ | 15,820 |  | $ | 14,549 |  |  |
(1) | Approximately 67% of the Company's participants in this fund are covered by a single CBA that expired on 7/7/2027.
(2) | Approximately 75% of the Company's participants in this fund are covered by a single CBA that expires on 4/14/2025.
(3) | Approximately 80% of the Company's participants in this fund are covered by a single CBA that expires on 6/30/2027.
The Company provided more than 5 percent of the total contributions for the following plan and plan years:
Pension Fund |  | Contributions to the plan exceeded more than 5% of total contributions (as of the plan's year-end)
Local 1102 Retirement Trust |  | 12/31/2023, 12/31/2022, and 12/31/2021

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