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Pension and Profit Sharing (Tables) | 12 Months Ended
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Dec. 31, 2018
Retirement Benefits [Abstract] |
Plan Asset Allocation |
Asset Category: |  | 2018 |  | 2017
Equity Securities |  |  | 65 | % |  |  | 67 | %
Fixed Income Securities |  |  | 33 | % |  |  | 32 | %
Other Securities / Investments |  |  | 2 | % |  |  | 1 | %
Total: |  |  | 100 | % |  |  | 100 | %
Pension Plan Assets by Level |
2018 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Money Market Fund |  | $ | 4 |  |  | $ | 17,320 |  |  | $ | — |  |  | $ | 17,324 |
Equity Common and Collected Funds |  |  | 99,616 |  |  |  | 564,341 |  |  |  | — |  |  |  | 663,957 |
Fixed Income Common and Collected Funds |  |  | 83,211 |  |  |  | 249,309 |  |  |  | — |  |  |  | 332,520 |
Total: |  | $ | 182,831 |  |  | $ | 830,970 |  |  | $ | — |  |  | $ | 1,013,801 |
2017 |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Money Market Fund |  | $ | — |  |  | $ | 10,774 |  |  | $ | — |  |  | $ | 10,774 |
Equity Common and Collected Funds |  |  | 125,451 |  |  |  | 711,143 |  |  |  | — |  |  |  | 836,594 |
Fixed Income Common and Collected Funds |  |  | 100,430 |  |  |  | 302,001 |  |  |  | — |  |  |  | 402,431 |
Total: |  | $ | 225,881 |  |  | $ | 1,023,918 |  |  | $ | — |  |  | $ | 1,249,799 |
Changes in Benefit Obligation |
|  | 2018 |  | 2017
Assumptions used to determine benefit obligation: |  |  |  |  |  |  |  |
Discount rate |  |  | 3.87 | % |  |  | 3.14 | %
Changes in benefit obligation: |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | (1,362,867 | ) |  | $ | (1,499,798 | )
Interest cost |  |  | (39,851 | ) |  |  | (48,161 | )
Service cost |  |  | (33,000 | ) |  |  | (36,000 | )
Actuarial gain (loss) |  |  | 71,338 |  |  |  | (20,289 | )
Benefits and plan expenses paid |  |  | 203,450 |  |  |  | 241,381 |
Benefit obligation at end of year: |  | $ | (1,160,930 | ) |  | $ | (1,362,867 | )
Changes in plan assets: |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 1,249,825 |  |  | $ | 1,294,727 |
Actual return on plan assets |  |  | (57,651 | ) |  |  | 196,479 |
Employer contribution |  |  | 25,107 |  |  |  | — |
Benefits and plan expenses paid |  |  | (203,450 | ) |  |  | (241,381 | )
Fair value of plan assets at end of year |  |  | 1,013,831 |  |  |  | 1,249,825 |
Funded status: |  | $ | (147,099 | ) |  | $ | (113,042 | )
Amounts recognized in Accumulated Other Comprehensive Income: |  |  |  |
Net actuarial loss |  | $ | 880,370 |  |  | $ | 913,870 |
Prior service cost |  |  | 1,082 |  |  |  | 1,625 |
Total: |  | $ | 881,452 |  |  | $ | 915,495 |
Components of Net Benefit Expense |
|  | 2018 |  | 2017
Assumptions used to determine net periodic benefit cost: |  |  |  |  |  |  |  |
Discount rate |  |  | 3.14 | % |  |  | 3.40 | %
Expected return on plan assets |  |  | 6.00 | % |  |  | 6.00 | %
Components of net benefit expense: |  |  |  |  |  |  |  |
Interest cost |  | $ | 39,851 |  |  | $ | 48,161 |
Service cost |  |  | 33,000 |  |  |  | 36,000 |
Expected return on plan assets |  |  | (67,547 | ) |  |  | (69,465 | )
Amortization of prior service costs |  |  | 543 |  |  |  | 543 |
Amortization of actuarial loss |  |  | 87,360 |  |  |  | 108,052 |
Net periodic benefit cost: |  | $ | 93,207 |  |  | $ | 123,291 |
Amounts Recognized in Other Comprehensive Income |
|  | 2018 |  | 2017
Balance at beginning of the year |  | $ | 915,495 |  |  | $ | 1,130,815 |
Change in net loss |  |  | 53,860 |  |  |  | (106,725 | )
Amortization of actuarial loss |  |  | (87,360 | ) |  |  | (108,052 | )
Amortization of prior service cost |  |  | (543 | ) |  |  | (543 | )
Change recognized in other comprehensive income |  |  | (34,043 | ) |  |  | (215,320 | )
Total recognized in other comprehensive income |  | $ | 881,452 |  |  | $ | 915,495 |
Benefits Expected to be Paid |
2019 | $ 168,000
2020 | 152,000
2021 | 136,000
2022 | 122,000
2023 | 108,000
Years 2024 - 2028 | 387,000

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