BENEFIT PLANS

9 Months Ended

Nov. 09, 2019

BENEFIT PLANS

BENEFIT PLANS

3. BENEFIT PLANS

The following table provides the components of net periodic benefit cost for the company-sponsored defined benefit pension plans and other post-retirement benefit plans for the third quarters of 2019 and 2018.

	Third Quarter Ended
	Pension Benefits				Other Benefits
	November 9,		November 10,		November 9,		November 10,
	2019		2018		2019		2018
Components of net periodic benefit cost:
Service cost	$	6	$	8	$	2	$	2
Interest cost		32		31		2		2
Expected return on plan assets		(43)		(40)		—		—
Amortization of:
Prior service cost		—		—		(3)		(3)
Actuarial loss (gain)		16		18		(3)		(2)
Net periodic benefit cost	$	11	$	17	$	(2)	$	(1)

The following table provides the components of net periodic benefit cost for the company-sponsored defined benefit pension plans and other post-retirement benefit plans for the first three quarters of 2019 and 2018.

	Three Quarters Ended
	Pension Benefits				Other Benefits
	November 9,		November 10,		November 9,		November 10,
	2019		2018		2019		2018
Components of net periodic benefit cost:
Service cost	$	24	$	29	$	6	$	6
Interest cost		105		104		6		6
Expected return on plan assets		(140)		(134)		—		—
Amortization of:
Prior service cost		—		—		(8)		(9)
Actuarial loss (gain)		47		59		(8)		(7)
Net periodic benefit cost	$	36	$	58	$	(4)	$	(4)

The Company is not required to make any contributions to its company-sponsored pension plans in 2019, but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any contributions to its company-sponsored pension plans in the first three quarters of 2019. In the third quarter of 2018, the Company contributed $185, $117 net of tax, to the company-sponsored pension plan.

The Company contributed $209 and $204 to employee 401(k) retirement savings accounts in the first three quarters of 2019 and 2018, 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.

During the first three quarters of 2019, the Company incurred charges totaling $131, $101 net of tax, due to obligations related to withdrawal liabilities for certain multi-employer pension funds. This included charges in the third quarter of 2019, totaling $45, $35 net of tax, due to obligations related to withdrawal liabilities for certain multi-employer pension funds. The charges were recorded in the OG&A caption in the Consolidated Statements of Operations.

Additionally, during the first three quarters of 2019, the Company sold an unused warehouse. The gain on the sale was used to contribute a similar amount into the UFCW Consolidated Pension Plan.

During the third quarter of 2019, the Company approved and implemented a plan to reorganize certain portions of its division management structure.  This reorganization is expected to increase operational effectiveness and reduce overhead costs while maintaining a high quality customer experience.  The Company recorded a charge for severance and related benefits of $80, $61 net of tax, in the third quarter of 2019, which is included in the OG&A caption within the Consolidated Statements of Operations.  Of the total charge, $63 remains unpaid as of November 9, 2019 and is included in Other Current Liabilities within the Consolidated Balance Sheet.