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Retirement Benefit Plans (Tables)
3 Months Ended
Apr. 02, 2022
Retirement Benefit Plans  
Schedule Of Significant Disclosures Relating To Benefit Plans

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

 

April 2, 2022

 

 

April 3, 2021

 

Service cost

 

$269,744

 

 

$271,833

 

Interest cost

 

 

608,189

 

 

 

504,255

 

Expected return on plan assets

 

 

(1,460,661)

 

 

(1,448,674)

Amortization of prior service cost

 

 

16,563

 

 

 

24,845

 

Amortization of the net loss

 

 

390,075

 

 

 

432,539

 

Net periodic benefit

 

$(176,090)

 

$(215,202)

 

 

Other Postretirement Benefits

 

 

 

Three Months Ended

 

 

 

April 2, 2022

 

 

April 3, 2021

 

Service cost

 

 

13,323

 

 

 

13,626

 

Interest cost

 

 

10,988

 

 

 

9,842

 

Expected return on plan assets

 

 

(4,400)

 

 

(6,420)

Gain on significant event

 

 

-

 

 

 

                       -

 

Amortization of prior service cost

 

 

1,060

 

 

 

-

 

Amortization of the net loss

 

 

(2,054)

 

 

(3,094)

Net periodic benefit cost

 

$18,917

 

 

$13,954

 

Schedule Of Defined Contribution Plan

 

 

Three Months Ended

 

 

 

April 2, 2022

 

 

April 3, 2021

 

Regular matching contribution

 

$210,939

 

 

$191,808

 

Transitional credit contribution

 

 

51,564

 

 

 

66,929

 

Non-discretionary contribution

 

 

343,377

 

 

 

534,675

 

Total contributions for the period

 

$605,880

 

 

$793,412