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Retirement Benefit Plans (Tables)
3 Months Ended
Mar. 29, 2025
Retirement Benefit Plans  
Schedule of Significant Disclosures Relating to Benefit Plans

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

 

March 29, 2025

 

 

March 30, 2024

 

Service cost

 

$177,462

 

 

$178,003

 

Interest cost

 

 

951,097

 

 

 

966,702

 

Expected return on plan assets

 

 

(1,059,936)

 

 

(1,099,035)

Amortization of the net loss

 

 

290,615

 

 

 

327,365

 

Net periodic benefit cost

 

$359,238

 

 

$373,035

 

 

 

 

Other Postretirement Benefits

 

 

 

Three Months Ended

 

 

 

March 29, 2025

 

 

March 30, 2024

 

Service cost

 

$2,125

 

 

$3,574

 

Interest cost

 

 

11,683

 

 

 

12,951

 

Expected return on plan assets

 

 

(4,780)

 

 

(4,684)

Amortization of prior service cost

 

 

(832)

 

 

1,060

 

Amortization of the net loss

 

 

(23,093)

 

 

(19,567)

Net periodic benefit (gain)

 

$(14,897)

 

$(6,666)
Schedule of Company made contributions towards benefit plans

 

 

Three Months Ended

 

 

 

March 29, 2025

 

 

March 30, 2024

 

Regular matching contribution

 

$306,639

 

 

$285,563

 

Transitional credit contribution

 

 

23,865

 

 

 

28,906

 

Non-discretionary contribution

 

 

108,492

 

 

 

110,890

 

Total contributions for the period

 

$438,996

 

 

$425,359