Retirement Benefit Plans (Tables)

3 Months Ended

Apr. 03, 2021

Retirement Benefit Plans

Schedule of Significant Disclosures Relating to Benefit Plans

	Pension Benefits
	Three Months Ended
	April 3, 2021			March 28, 2020
Service cost	$	271,833		$	266,436
Interest cost		504,255			714,143
Expected return on plan assets		(1,448,674	)		(1,365,261	)
Amortization of prior service cost		24,845			24,845
Amortization of the net loss		432,539			325,034
Net periodic benefit	$	(215,202	)	$	(34,803	)

	Postretirement Benefits
	Three Months Ended
	April 3, 2021			March 28, 2020
Service cost	$	13,626		$	10,855
Interest cost		9,842			11,667
Expected return on plan assets		(6,420	)		(5,589	)
Gain on significant event		-			-
Amortization of prior service cost		-			(2,063	)
Amortization of the net loss		(3,094	)		(6,377	)
Net periodic benefit cost	$	13,954		$	8,493

Schedule of Defined Contribution Plan

	Three Months Ended
	April 3, 2021		March 28, 2020
Regular matching contribution	$	191,808	$	204,992
Transitional credit contribution		66,929		82,127
Non-discretionary contribution		534,675		567,657
Total contributions for the period	$	793,412	$	854,776