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Retirement Benefit Plans (Tables)
9 Months Ended
Sep. 27, 2025
Retirement Benefit Plans  
Schedule of Significant Disclosures Relating to Benefit Plans

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 September 27,

2025

 

 

 September 28,

2024

 

 

September 27,

2025

 

 

September 28,

2024

 

Service cost

 

$180,873

 

 

$178,003

 

 

$542,622

 

 

$534,010

 

Interest cost

 

 

969,386

 

 

 

966,701

 

 

 

2,908,162

 

 

 

2,900,107

 

Expected return on plan assets

 

 

(1,080,317)

 

 

(1,099,034)

 

 

(3,240,957)

 

 

(3,297,103)

Amortization of the net loss

 

 

296,204

 

 

 

327,363

 

 

 

888,610

 

 

 

982,091

 

Net periodic benefit cost 

 

$366,146

 

 

$373,033

 

 

$1,098,437

 

 

$1,119,105

 

 

 

Other Postretirement Benefits

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 27,

2025

 

 

September 28,

2024

 

 

September 27,

 2025

 

 

September 28,

 2024

 

Service cost

 

$2,125

 

 

$3,574

 

 

$6,456

 

 

$10,722

 

Interest cost

 

 

11,683

 

 

 

12,951

 

 

 

35,498

 

 

 

38,853

 

Expected return on plan assets

 

 

(4,780)

 

 

(4,684)

 

 

(14,523)

 

 

(14,052)

Amortization of prior service cost

 

 

(832)

 

 

1,060

 

 

 

(2,528)

 

 

3,180

 

Amortization of the net loss

 

 

(23,093)

 

 

(19,567)

 

 

(70,168)

 

 

(58,701)

Net periodic (benefit) cost

 

$(14,897)

 

$(6,666)

 

$(45,265)

 

$(19,998)
Schedule of Company Made Contributions Towards Benefit Plans

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 27,

2025

 

 

September 28,

2024

 

 

September 27,

 2025

 

 

September 27,

2024

 

Regular matching contribution

 

$201,113

 

 

$263,074

 

 

$747,549

 

 

$810,630

 

Transitional credit contribution

 

 

18,882

 

 

 

20,688

 

 

 

61,369

 

 

 

71,558

 

Non-discretionary contribution

 

 

84,296

 

 

 

80,465

 

 

 

280,203

 

 

 

294,228

 

Total contributions for the period

 

$304,291

 

 

$364,227

 

 

$1,089,121

 

 

$1,176,416