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Associate Retirement Plans
4 Months Ended
Apr. 23, 2016
Compensation And Retirement Disclosure [Abstract]  
Associate Retirement Plans

Note 9 – Associate Retirement Plans

The following table provides the components of net periodic pension and postretirement benefit costs for the 16 weeks ended April 23, 2016 and April 25, 2015:

 

 

SpartanNash Company Pension Plan

 

 

SpartanNash Medical Plan

 

 

April 23,

 

 

April 25,

 

 

April 23,

 

 

April 25,

 

(In thousands)

2016

 

 

2015

 

 

2016

 

 

2015

 

16 Weeks Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

 

 

 

$

 

 

 

$

 

58

 

 

$

 

71

 

Interest cost

 

 

753

 

 

 

 

1,023

 

 

 

 

106

 

 

 

 

125

 

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

(49

)

 

 

 

(49

)

Expected return on plan assets

 

 

(1,324

)

 

 

 

(1,515

)

 

 

 

 

 

 

 

 

Recognized actuarial net loss

 

 

34

 

 

 

 

255

 

 

 

 

13

 

 

 

 

53

 

Net periodic benefit

$

 

(537

)

 

$

 

(237

)

 

$

 

128

 

 

$

 

200

 

Settlement expense

 

 

213

 

 

 

 

175

 

 

 

 

 

 

 

 

 

Total expense (income)

$

 

(324

)

 

$

 

(62

)

 

$

 

128

 

 

$

 

200

 

 

The Company did not make any contributions to the SpartanNash Company Pension Plan during the 16 weeks ended April 23, 2016, and because there are no required payments, does not expect to make any contributions for the fiscal year ending December 31, 2016.

 

In addition to the plans listed above, the Company participates in the Central States Southeast and Southwest Pension Fund (EIN 7456500), the Michigan Conference of Teamsters and Ohio Conference of Teamsters Health and Welfare plans (collectively referred to as “multi-employer plans”), and other company-sponsored defined contribution plans for most associates covered by collective bargaining agreements.

 

With respect to the Company’s participation in the Central States Plan, expense is recognized as contributions are funded. The Company’s contributions for the 16 weeks ended April 23, 2016 and April 25, 2015 were $4.2 million in each period. See Note 8 for further information regarding the Company’s participation in the Central States Plan.