XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Associate Retirement Plans | 12 Months Ended
--- | ---
Dec. 30, 2023
Retirement Benefits [Abstract] |
Associate Retirement Plans | Note 11 – Associate Retirement Plans The Company provides salary deferral defined contribution plans to substantially all of the Company’s Associates not covered by CBAs. Associates covered by CBAs at the Company’s Columbus, Georgia; Norfolk, Virginia; and Landover, Maryland facilities all participate in a defined contribution plan; the remaining Associates covered under CBAs participate in a multi-employer pension plan. Defined Contribution Plans Expense for employer matching contributions made to defined contribution plans totaled $12.0 million, $12.0 million and $11.8 million in 2023, 2022 and 2021, respectively. Executive Compensation Plans The Company has a deferred compensation plan for a select group of management personnel or highly compensated Associates. The plan is unfunded and permits participants to defer receipt of a portion of their base salary, annual bonus, or long-term incentive compensation which would otherwise be paid to them. The deferred amounts, plus earnings, are distributed following the Associate’s termination of employment. Earnings are based on the performance of hypothetical investments elected by the participant from a portfolio of investment options. Postretirement Medical Plans SpartanNash Company and certain subsidiaries provide healthcare benefits to retired Associates under the SpartanNash Company Retiree Medical Plan (the “Retiree Medical Plan” or "Plan"). Former Spartan Stores, Inc. Associates hired prior to January 1, 2002 who were not covered by CBAs during their employment, who have at least 10 years of service and have attained age 55 upon retirement qualify as “covered associates.” Effective June 30, 2022, the Company has amended the Retiree Medical Plan. In connection with the amendment, the Company will make lump sum cash payments to all active and retired participants in lieu of future monthly benefits and reimbursements previously offered under the Plan. As a result of the amendment effective June 30, 2022, the Plan obligation was remeasured, resulting in a reduction to the obligation of $6.6 million and a corresponding prior service credit in AOCI, which will be amortized to net periodic postretirement benefit income over the remaining period until the final payment on July 1, 2024. On July 1, 2023 and July 1, 2022, the Company made lump sum payments to retired participants totaling $1.3 million and $2.0 million, respectively. The payments constituted partial settlements of the Plan, which resulted in the recognition within net periodic postretirement expense of $0.3 million and $0.7 million on July 1, 2023 and July 1, 2022, respectively, related to the net actuarial loss within AOCI. The remaining payment, which relates to active participants, is expected to be made on or about July 1, 2024. The following tables set forth the actuarial present value of benefit obligations, funded status, changes in benefit obligations and plan assets, weighted average assumptions used in actuarial calculations and components of net periodic benefit costs for the Company’s significant postretirement benefit plans, excluding multi-employer plans. The current accrued, and noncurrent accrued benefit costs associated with postretirement benefits are reported in “Accrued payroll and benefits,” and “Other long-term liabilities,” respectively, in the consolidated balance sheets.
|  |  |  | Retiree Medical Plan |
|  |  |  | December 30, |  |  | December 31, |
(In thousands, except percentages) |  |  |  | 2023 |  |  | 2022 |
Funded Status |  |  |  |  |  |  |  |  |  |
Projected/Accumulated benefit obligation: |  |  |  |  |  |  |
Balance at beginning of year |  |  |  | $ |  | 2,412 |  |  | $ |  | 11,031 |
Service cost |  |  |  |  |  | — |  |  |  |  | 76 |
Interest cost |  |  |  |  |  | 85 |  |  |  |  | 185 |
Actuarial loss |  |  |  |  |  | 23 |  |  |  |  | 30 |
Plan amendment |  |  |  |  |  | — |  |  |  |  | (6,614 | )
Benefits paid |  |  |  |  |  | (1,284 | ) |  |  |  | (2,296 | )
Balance at end of year |  |  |  | $ |  | 1,236 |  |  | $ |  | 2,412 |
Fair value of plan assets: |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  |  | $ |  | — |  |  | $ |  | — |
Company contributions |  |  |  |  |  | 1,284 |  |  |  |  | 2,296 |
Benefits paid |  |  |  |  |  | (1,284 | ) |  |  |  | (2,296 | )
Balance at end of year |  |  |  | $ |  | — |  |  | $ |  | — |
Unfunded status |  |  |  | $ |  | (1,236 | ) |  | $ |  | (2,412 | )
Components of net amount recognized in consolidated balance sheets: |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  | $ |  | (1,236 | ) |  | $ |  | (1,270 | )
Noncurrent liabilities |  |  |  |  |  | — |  |  |  |  | (1,142 | )
Net liability |  |  |  | $ |  | (1,236 | ) |  | $ |  | (2,412 | )
Amounts recognized in AOCI: |  |  |  |  |  |  |
Net actuarial loss |  |  |  | $ |  | 217 |  |  | $ |  | 743 |
Prior service credit |  |  |  |  |  | (1,653 | ) |  |  |  | (4,960 | )
Accumulated other comprehensive income |  | $ |  | (1,436 | ) |  | $ |  | (4,217 | )
Weighted average assumptions at measurement date: |  |  |  |  |  |  |
Discount rate |  |  |  |  |  | 5.65 | % |  |  |  | 5.34 | %
Ultimate health care cost trend rate |  |  |  |  | N/A |  |  |  | N/A |
| Retiree Medical Plan |
(In thousands, except percentages) | 2023 |  |  | 2022 |  |  | 2021 |
Components of net periodic benefit (income) cost: |  |  |  |  |  |  |  |  |  |  |
Service cost | $ |  | — |  |  | $ |  | 76 |  |  | $ |  | 187 |
Interest cost |  |  | 85 |  |  |  |  | 185 |  |  |  |  | 226 |
Amortization of prior service credit |  |  | (3,307 | ) |  |  |  | (1,653 | ) |  |  |  | — |
Recognized actuarial net loss |  |  | 249 |  |  |  |  | 200 |  |  |  |  | 230 |
Net periodic benefit (income) expense | $ |  | (2,973 | ) |  | $ |  | (1,192 | ) |  | $ |  | 643 |
Settlement expense |  |  | 299 |  |  |  |  | 740 |  |  |  |  | — |
Total net periodic benefit (income) cost | $ |  | (2,674 | ) |  | $ |  | (452 | ) |  | $ |  | 643 |
Weighted average assumptions used to determine net periodic benefit (income) cost: |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 5.62 | % |  |  |  | 2.90 | % |  |  |  | 2.57 | %
Assumed healthcare cost trend rates have a significant effect on the amounts reported for the Retiree Medical Plan. Assumed current healthcare cost trend rates used to determine net periodic benefit cost were as follows:
| 2023 |  | 2022 |  | 2021 |
Post-65 |  | N/A |  |  | N/A |  |  |  | 7.00 | %
The Company expects to make post-retirement medical benefit payments of $1.3 million in 2024. The Company is not currently expecting to make any future post-retirement medical benefit payments after 2024. Multi-Employer Health and Welfare Plans In addition to the plans described above, the Company participates in the Michigan Conference of Teamsters and Ohio Conference of Teamsters Health and Welfare plans. The Company contributes to these multi-employer health and welfare plans under the terms contained in existing CBAs, including the requisite contribution amounts set forth within such CBAs. The health and welfare plans provide medical, dental, pharmacy, vision, and other ancillary benefits to active Associates and retirees, as determined under the terms of the plan. Although the plans may provide certain benefits to retired employees, the Company’s only contribution obligation is to make contributions in amounts tied to the hours worked by its active employees. As a result, the plan does not constitute a postretirement benefit plan of the Company. Because the plans aggregate contributions from multiple employers, the Company is unable to determine how much of its contributions are allocated to benefits paid to its active employees and those, if any, that are allocated to benefits paid to other employer’s active employees and/or postretirement benefits. These types of plans often have a significant surplus of funds held in reserve in excess of claims incurred, and there is no potential withdrawal liability related to the Company’s participation in the plans. With respect to the Company’s participation in these plans, expense is recognized as contributions are made. The Company contributed $17.0 million, $13.4 million and $13.2 million to these plans in 2023, 2022 and 2021, respectively. Multi-Employer Pension Plan The Company also contributes to the Central States Plan, a multi-employer plan defined previously, under the terms of CBAs that cover its union-represented Associates, including the requisite contribution amounts set forth within such CBAs. The Company is party to four CBAs that require contributions to the Central States Plan with expiration dates ranging from January 2025 to April 2026. These CBAs cover warehouse personnel and drivers in Grand Rapids, Michigan and Bellefontaine and Lima, Ohio. With respect to the Company’s participation in the Central States Plan (EIN 36-60442343 / Pension Plan Number 001), expense is recognized as contributions are made to the Central States Plan. The Company contributed $13.1 million, $12.3 million and $13.5 million to the Central States Plan in 2023, 2022 and 2021, respectively. The contributions made by the Company represent less than five percent of the Plan’s total contributions in 2023. Refer to Note 9, for further information regarding the Company’s participation in the Central States Plan. As of the date the consolidated financial statements were issued, an annual report for the Central States Plan on IRS Form 5500 was not publicly available for the plan year ended December 31, 2023.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 70 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480794/715-70-50-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//715/tableOfContent Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (o) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (p) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480266/715-60-50-3 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration