7. Employee Benefit Plans

We sponsor two defined contribution retirement plans for salaried and hourly employees. As a result of the acquisition of RFG, we have three additional defined contribution retirement plans bringing the total to five. Expenses for these plans approximated $807,000, $810,000, and $733,000 for fiscal years 2013, 2012 and 2011, which are included in selling, general and administrative expenses in the accompanying financial statements.

We also sponsor a non-qualified defined benefit plan for two retired executives. Pension expenses, including actuarial losses, approximated $12,000, $16,000 and $35,000 for the year ended October 31, 2013, 2012, and 2011. These amounts are included in selling, general and administrative expenses in the accompanying financial statements.

Components of the change in projected benefit obligation for fiscal year ends consist of the following (in thousands):


	2013			2012
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	245		$	268
Interest cost		8			10
Actuarial loss		4			6
Benefits paid		(39	)		(39	)

Projected benefit obligation at end of year (unfunded)	$	218		$	245

The following is a reconciliation of the unfunded status of the plans at fiscal year ends included in accrued expenses (in thousands):


	2013		2012
Projected benefit obligation	$	218	$	245
Unrecognized net (gain) loss		—		—

Recorded pension liabilities	$	218	$	245

Significant assumptions used in the determination of pension expense consist of the following:


	2013			2012
Discount rate on projected benefit obligation		4.60	%		3.70	%