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BENEFIT PLANS
 4 Months Ended
May. 23, 2015
BENEFIT PLANS  
BENEFIT PLANS

 

4.BENEFIT PLANS

 

The following table provides the components of net periodic benefit costs for the Company-sponsored pension plans and other post-retirement benefits for the first quarters of 2015 and 2014.

 

 

First Quarter

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2015

 

2014

 

2015

 

2014

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$
19

 

$
14

 

$
4

 

$
4

 

Interest cost

 
51

 
56

 
3

 
4

 

Expected return on plan assets

 
(71

)
(74

)

—

 

—

 

Amortization of:

 

 

 

 

 

 

 

 

 

Prior service cost

 

—

 

—

 
(4

)
(2

)

Actuarial loss

 
31

 
16

 
(2

)
(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit expense

 

$
30

 

$
12

 

$
1

 

$
4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Company contributed $5 to its Company-sponsored defined benefit pension plans in the first quarter of 2015.  The Company is not required and does not expect to make any additional contributions in 2015.

 

The Company contributed $62 and $56 to employee 401(k) retirement savings accounts in the first quarters of 2015 and 2014, respectively.

 

During the first quarter of 2014, the Company incurred a charge of $56 (after-tax) due to commitments and withdrawal liabilities arising from the restructuring of certain multi-employer pension plan obligations.

 

The Company also contributes to various multi-employer pension plans based on obligations arising from most of its collective bargaining agreements. These plans provide retirement benefits to participants based on their service to contributing employers. The Company recognizes expense in connection with these plans as contributions are funded.