Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Plan Asset Allocation

Asset Category	2017	2016
Equity Securities	67%	65%
Fixed Income Securities	32%	32%
Other Securities / Investments	1%	3%
Total	100%	100%

Pension Plan Assets by Level

2017	Level 1		Level 2		Level 3		Total
Money Market Fund	$	—	$	10,774	$	—	$	10,774
Equity Common and Collected Funds		125,451		711,143		—		836,594
Fixed Income Common and Collected Funds		100,430		302,001		—		402,431
Total	$	225,881	$	1,023,918	$	—	$	1,249,799

2016	Level 1		Level 2		Level 3		Total
Money Market Fund	$	19,327	$	19,897	$	—	$	39,224
Equity Common and Collected Funds		131,737		705,523		—		837,260
Fixed Income Common and Collected Funds		104,491		313,752		—		418,243
Total	$	255,555	$	1,039,172	$	—	$	1,294,727

Changes in Benefit Obligation

	2017			2016
Assumptions used to determine benefit obligation:
Discount rate		3.14	%		3.40	%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(1,499,798	)	$	(1,776,788	)
Interest cost		(48,161	)		(55,811	)
Service cost		(36,000	)		(36,000	)
Actuarial (loss) gain		(20,289	)		99,019
Benefits and plan expenses paid		241,381			269,782
Benefit obligation at end of year		(1,362,867	)		(1,499,798	)
Changes in plan assets:
Fair value of plan assets at beginning of year		1,294,727			1,417,572
Actual return on plan assets		196,479			146,937
Employer contribution
Benefits and plan expenses paid		(241,381	)		(269,782	)
Fair value of plan assets at end of year		1,249,825			1,294,727
Funded status	$	(113,042	)	$	(205,071	)
Amounts recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	$	913,870		$	1,128,647
Prior service cost		1,625			2,168
Total	$	915,495		$	1,130,815

Components of Net Benefit Expense

	2017			2016
Assumptions used to determine net periodic benefit cost:
Discount rate		3.40	%		3.50	%
Expected return on plan assets		6.00	%		6.00	%
Components of net benefit expense:
Interest cost	$	48,161		$	55,811
Service cost		36,000			36,000
Expected return on plan assets		(69,465	)		(76,138	)
Amortization of prior service costs		543			543
Amortization of actuarial loss		108,052			124,854
Net periodic benefit cost	$	123,291		$	141,070

Amounts Recognized in Other Comprehensive Income

	2017			2016
Balance at beginning of the year	$	1,130,815		$	1,426,030
Change in net loss		(106,725	)		(169,818	)
Amortization of actuarial loss		(108,052	)		(124,854	)
Amortization of prior service cost		(543	)		(543	)
Change recognized in other comprehensive income		(215,320	)		(295,215	)
Total recognized in other comprehensive income	$	915,495		$	1,130,815

Benefits Expected to be Paid

2018	$	186,000
2019		169,000
2020		152,000
2021		137,000
2022		122,000
Years 2023 - 2027		439,000