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Pension Information
3 Months Ended
Mar. 31, 2018
Compensation And Retirement Disclosure [Abstract]  
Pension Information

(11) Pension Information

The Company sponsors a pension plan which is a noncontributory defined benefit retirement plan. Annual payments, subject to the maximum amount deductible for federal income tax purposes, are made to a pension trust fund. In 2006, the Company amended the pension plan to provide that no employee could be added as a participant to the pension plan after December 31, 2006. In 2014, the Company amended the pension plan again to provide that no additional benefits would accrue beyond April 30, 2014.

Net periodic pension benefit was as follows:

 

 

 

Three months ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Service cost

 

$

 

 

$

 

Interest cost

 

 

125

 

 

 

167

 

Expected return on plan assets

 

 

(273

)

 

 

(278

)

Other components

 

 

143

 

 

 

94

 

Net periodic pension benefit

 

$

(5

)

 

$

(17

)

 

The Company does not expect to make any contribution to its pension plan in 2018. The Company contributed $2,000 in 2017.