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BENEFIT PLANS
 4 Months Ended
May 21, 2016
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 2016 and 2015.

 

 

 

First Quarter

 

 

 

Pension Benefits

 

Other Benefits

 

 

 

2016

 

2015

 

2016

 

2015

 

Components of net periodic benefit cost: 

 

 

 

 

 

 

 

 

 

Service cost

 

$
21

 

$
19

 

$
3

 

$
4

 

Interest cost

 
58

 
51

 
3

 
3

 

Expected return on plan assets

 
(73

)
(71

)

—

 

—

 

Amortization of:

 

 

 

 

 

 

 

 

 

Prior service cost

 

—

 

—

 
(2

)
(4

)

Actuarial loss

 
19

 
31

 
(3

)
(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit expense

 

$
25

 

$
30

 

$
1

 

$
1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Company is not required and does not expect to make any contributions in 2016.

 

The Company contributed $68 and $62 to employee 401(k) retirement savings accounts in the first quarters of 2016 and 2015, respectively.

 

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.