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RETIREMENT BENEFIT PLANS (Details Narrative) - USD ($) | 12 Months Ended
--- | ---
Jan. 02, 2021 | Dec. 28, 2019
Accrued amount for non discretionary safe harbor contribution | $ 519,177 | $ 550,286
Pension Benefit [Member] |  |
Discount rate | 2.61% | 3.81%
Net amount recognized in accrued benefit liability | $ (33,188,623) | $ (28,631,485)
2021 | 4,400,000 | 4,300,000
2022 | 4,600,000 | 4,500,000
2023 | 4,800,000 | 4,700,000
2024 | 5,000,000.0 | 4,900,000
2025 | 5,200,000 | 5,100,000
2026 through 2030 | 28,100,000 | 28,000,000
Cash contributions | 3,100,000 |
Dividend received | 95,488 | 95,488
Fair value of plan assets at beginning of year | 78,361,102 | 74,359,558
Pension Benefit [Member] | Eastern Company Common Stock [Member] |  |
Fair value of plan assets at beginning of year | $ 5,230,134 | $ 6,625,560
Other Postretirement Benefit [Member] |  |
Discount rate | 3.35% | 4.26%
Net amount recognized in accrued benefit liability | $ (1,185,139) | $ (1,007,146)
2021 | 49,000 |
2022 | 50,000 |
2023 | 51,000 |
2024 | 52,000 |
2025 | 54,000 |
2026 through 2030 | 302,000 |
Cash contributions | $ 50,000 |
Minimum [Member] | Pension Benefit [Member] |  |
Discount rate | 3.18% | 4.20%
Minimum [Member] | Pension Benefit Plans and Other Postretirement Benefit Plan [Member] |  |
Discount rate | 2.40% | 3.18%
Maximum [Member] | Pension Benefit [Member] |  |
Discount rate | 3.23% | 4.22%
Maximum [Member] | Pension Benefit Plans and Other Postretirement Benefit Plan [Member] |  |
Discount rate | 2.48% | 3.23%

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