Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Plan Asset Allocation

Asset Category	2014	2013
Equity Securities	68%	70%
Fixed Income Securities	29%	29%
Other Securities / Investments	3%	1%
Total	100%	100%

Pension Plan Assets by Level

2014	Level 1		Level 2		Level 3		Total
Money Market Fund	$	67,909	$	—	$	—	$	67,909
Acme United Common Stock		199,900		—		—		199,900
Equity Common and Collected Funds		—		953,140		—		953,140
Fixed Income Common and Collected Funds		—		463,586		—		463,586
Total	$	267,809	$	1,416,726	$	—	$	1,684,535

2013	Level 1		Level 2		Level 3		Total
Money Market Fund	$	8,322	$	—	$	—	$	8,322
Acme United Common Stock		149,000		—		—		149,000
Equity Common and Collected Funds		—		1,054,416		—		1,054,416
Fixed Income Common and Collected Funds		—		491,864		—		491,864
Total	$	157,322	$	1,546,280	$	—	$	1,703,602

Changes in Benefit Obligation

	2014			2013
Assumptions used to determine benefit obligation:
Discount rate		3.23	%		3.78	%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(1,886,636	)	$	(2,225,693	)
Interest cost		(69,806	)		(64,649	)
Service cost		(25,000	)		(40,000	)
Actuarial gain (loss)		(256,446	)		51,022
Benefits and plan expenses paid		333,511			392,684
Benefit obligation at end of year		(1,904,377	)		(1,886,636	)
Changes in plan assets:
Fair value of plan assets at beginning of year		1,703,602			1,325,402
Actual return on plan assets		124,326			288,429
Employer contribution		190,118			482,455
Benefits and plan expenses paid		(333,511	)		(392,684	)
Fair value of plan assets at end of year		1,684,535			1,703,602
Funded status	$	(219,842	)	$	(183,034	)

Components of Net Benefit Expense

	2014			2013
Assumptions used to determine net periodic benefit cost:
Discount rate		3.78	%		2.99	%
Expected return on plan assets		6.00	%		6.00	%
Components of net benefit expense:
Interest cost	$	69,806		$	64,649
Service cost		25,000			40,000
Expected return on plan assets		(93,292	)		(69,439	)
Amortization of prior service costs		9,155			9,154
Amortization of actuarial loss		116,118			141,171
Net periodic benefit cost	$	126,787		$	185,535

Amounts Recognized in Other Comprehensive Income

	2014			2013
Balance at beginning of the year	$	1,279,751		$	1,700,089
Change in net loss		225,412			(270,011	)
Amortization of actuarial loss		(116,118	)		(141,173	)
Amortization of prior service cost		(9,155	)		(9,154	)
Change recognized in other comprehensive income		100,139			(420,338	)
Total recognized in other comprehensive income	$	1,379,890		$	1,279,751

Net actuarial loss	$	1,368,025	$	1,258,731
Prior service cost		11,865		21,020
Total	$	1,379,890	$	1,279,751

Benefits Expected to be Paid

2015	$	238,000
2016		224,000
2017		208,000
2018		192,000
2019		176,000
Years 2020 - 2024		657,000