Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans

Note 8: Employee Benefit Plans

The Company has a non-contributory, defined benefit pension plan for all full-time employees over 21 years of age. Under this cash balance plan, the account balance for each participant will grow each year with annual pay credits based on age and years of service and monthly interest credits based on an amount established each year by the Company's Board of Directors. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act.

The Company sponsors a postretirement benefit plan covering current and future retirees who acquire age 55 and 10 years of service or age 65 and 5 years of service. The post-retirement benefit plan provides coverage toward a retiree's eligible medical and life insurance benefits expenses.

Components of Net Periodic Benefit Cost

(Unaudited)

	Pension Benefits						Post Retirement Benefits
	2012			2011			2012		2011
Three months ended March 31,
Service cost	$	63,571		$	68,737		$	6,501	$	5,570
Interest cost		44,575			51,994			7,489		7,943
Expected return on plan assets		(80,466	)		(88,287	)		—		—
Amortization of unrecognized prior service cost		(13,491	)		(13,491	)		—		—
Amortization of unrecognized net loss		17,860			10,605			735		42
Amortization of transition obligation		—			—			728		728
Net periodic benefit cost	$	32,049		$	29,558		$	15,453	$	14,283

The Company expects to make no contribution to its pension plan and $22,061 to its post-retirement benefit plan in 2012. The Company has contributed $3,827 toward the post-retirement plan during the first three months of 2012.