Pension and Profit Sharing (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Plan Asset Allocation

Asset Category:	2019			2018
Equity Securities		66	%		65	%
Fixed Income Securities		32	%		33	%
Other Securities / Investments		2	%		2	%
Total:		100	%		100	%

Pension Plan Assets by Level

2019	Level 1		Level 2		Level 3		Total
Money Market Fund	$	31	$	16,763	$	—	$	16,794
Equity Common and Collected Funds		102,030		580,839		—		682,869
Fixed Income Common and Collected Funds		82,670		246,316		—		328,986
Total:	$	184,731	$	843,918	$	—	$	1,028,649

2018	Level 1		Level 2		Level 3		Total
Money Market Fund	$	4	$	17,320	$	—	$	17,324
Equity Common and Collected Funds		99,616		564,371		—		663,957
Fixed Income Common and Collected Funds		83,211		249,309		—		332,520
Total:	$	182,831	$	831,000	$	—	$	1,013,831

Changes in Benefit Obligation

	2019			2018
Assumptions used to determine benefit obligation:
Discount rate		2.74	%		3.87	%
Changes in benefit obligation:
Benefit obligation at beginning of year	$	(1,160,930	)	$	(1,362,867	)
Interest cost		(41,841	)		(39,851	)
Service cost		(25,000	)		(33,000	)
Actuarial (loss) gain		(46,288	)		71,338
Benefits and plan expenses paid		200,743			203,450
Benefit obligation at end of year:	$	(1,073,316	)	$	(1,160,930	)
Changes in plan assets:
Fair value of plan assets at beginning of year	$	1,013,831		$	1,249,825
Actual return on plan assets		201,148			(57,651	)
Employer contribution		14,413			25,107
Benefits and plan expenses paid		(200,743	)		(203,450	)
Fair value of plan assets at end of year		1,028,649			1,013,831
Funded status:	$	(44,667	)	$	(147,099	)
Amounts recognized in accumulated other comprehensive income:
Net actuarial loss	$	689,398		$	880,370
Prior service cost		538			1,082
Total:	$	689,936		$	881,452

Components of Net Benefit Expense

		2019			2018
Assumptions used to determine net periodic benefit cost:
Discount rate		3.87	%		3.14	%
Expected return on plan assets		6.00	%		6.00	%
Components of net benefit expense:
Service cost	$	25,000		$	33,000
Interest cost		41,841			39,851
Expected return on plan assets		(54,330	)		(67,547	)
Amortization of prior service costs		544			543
Amortization of actuarial loss		90,442			87,360
		78,497			60,207
Net periodic benefit cost:	$	103,497		$	93,207

Amounts Recognized in Other Comprehensive Income

		2019			2018
Balance at beginning of the year	$	881,452		$	915,495
Change in net loss		(100,530	)		53,860
Amortization of actuarial loss		(90,442	)		(87,360	)
Amortization of prior service cost		(544	)		(543	)
Change recognized in other comprehensive income		(191,516	)		(34,043	)
Total recognized in other comprehensive income	$	689,936		$	881,452

Benefits Expected to be Paid

2020	$	152,000
2021		135,000
2022		120,000
2023		106,000
2024		95,000
Years 2025 - 2029		332,000