Retirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefit Plans

Schedule of Significant Disclosures Relating to Benefit Plans

	Pension Benefits
	Three Months Ended						Nine Months Ended
	September 30, 2023			October 1, 2022			September 30, 2023			October 1, 2022
Service cost	$	216,153		$	269,744		$	648,459		$	809,231
Interest cost		990,053			608,188			2,970,160			1,824,568
Expected return on plan assets		(1,049,016	)		(1,460,658	)		(3,147,046	)		(4,381,980	)
Amortization of prior service cost		-			16,563			-			49,689
Amortization of the net loss		342,866			390,075			1,028,596			1,170,225
Net periodic benefit cost (benefit)	$	500,056		$	(176,088	)	$	1,500,169		$	(528,267	)

	Other Postretirement Benefits
	Three Months Ended						Nine Months Ended
	September 30, 2023			October 1, 2022			September 30, 2023			October 1, 2022
Service cost	$	6,486		$	13,323		$	19,458		$	39,969
Interest cost		14,533			10,988			43,599			32,964
Expected return on plan assets		(4,849	)		(4,400	)		(14,547	)		(13,200	)
Amortization of prior service cost		1,060			1,060			3,180			3,180
Amortization of the net loss		(16,895	)		(2,054	)		(50,685	)		(6,162	)
Net periodic benefit cost	$	335		$	18,917		$	1,005		$	56,751

Schedule of Company made contributions towards benefit plans

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Regular matching contribution	$	241,487	$	149,673	$	747,913	$	522,327
Transitional credit contribution		23,271		28,144		83,935		107,886
Non-discretionary contribution		83,302		16,715		654,552		376,861
Total contributions for the period	$	348,060	$	194,532	$	1,486,400	$	1,007,074