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Associate Retirement Plans
9 Months Ended
Oct. 08, 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 Company’s significant pension and postretirement benefit plans:

 

 

SpartanNash Company Pension Plan

 

 

SpartanNash Medical Plan

 

 

October 8,

 

 

October 10,

 

 

October 8,

 

 

October 10,

 

(In thousands)

2016

 

 

2015

 

 

2016

 

 

2015

 

12 Weeks Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

 

 

 

$

 

 

 

$

 

43

 

 

$

 

54

 

Interest cost

 

 

565

 

 

 

 

767

 

 

 

 

80

 

 

 

 

93

 

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

(36

)

 

 

 

(36

)

Expected return on plan assets

 

 

(993

)

 

 

 

(1,136

)

 

 

 

 

 

 

 

 

Recognized actuarial net loss

 

 

26

 

 

 

 

191

 

 

 

 

9

 

 

 

 

40

 

Net periodic benefit (income) expense

 

 

(402

)

 

 

 

(178

)

 

 

 

96

 

 

 

 

151

 

Settlement expense

 

 

160

 

 

 

 

131

 

 

 

 

 

 

 

 

 

Total (income) expense

$

 

(242

)

 

$

 

(47

)

 

$

 

96

 

 

$

 

151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SpartanNash Company Pension Plan

 

 

SpartanNash Medical Plan

 

 

October 8,

 

 

October 10,

 

 

October 8,

 

 

October 10,

 

(In thousands)

2016

 

 

2015

 

 

2016

 

 

2015

 

40 Weeks Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

 

 

 

$

 

 

 

$

 

144

 

 

$

 

178

 

Interest cost

 

 

1,883

 

 

 

 

2,558

 

 

 

 

266

 

 

 

 

311

 

Amortization of prior service cost

 

 

 

 

 

 

 

 

 

 

(122

)

 

 

 

(121

)

Expected return on plan assets

 

 

(3,310

)

 

 

 

(3,787

)

 

 

 

 

 

 

 

 

Recognized actuarial net loss

 

 

85

 

 

 

 

636

 

 

 

 

32

 

 

 

 

133

 

Net periodic benefit (income) expense

 

 

(1,342

)

 

 

 

(593

)

 

 

 

320

 

 

 

 

501

 

Settlement expense

 

 

532

 

 

 

 

437

 

 

 

 

 

 

 

 

 

Total (income) expense

$

 

(810

)

 

$

 

(156

)

 

$

 

320

 

 

$

 

501

 

 

The Company did not make any contributions to the SpartanNash Company Pension Plan during the 40 weeks ended October 8, 2016, and because there are no required payments, the Company does not expect to make any contributions for the remainder of the fiscal year ending December 31, 2016.

 

The Company’s retirement programs also include defined contribution plans providing contributory benefits, as well as executive compensation plans for a select group of management personnel or highly compensated associates.

 

Multi-Employer Plans

 

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 40 weeks ended October 8, 2016 and October 10, 2015 were $10.1 million and $9.9 million, respectively. See Note 8 for further information regarding the Company’s participation in the Central States Plan.