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BENEFIT PLANS

4 Months Ended

May 23, 2020

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 first quarters of 2020 and 2019.


	First Quarter Ended
	Pension Benefits				Other Benefits
	May 23,		May 25,		May 23,		May 25,
	2020		2019		2020		2019
Components of net periodic benefit cost:
Service cost	$	4	$	12	$	2	$	2
Interest cost		34		41		2		2
Expected return on plan assets		(52)		(56)		—		—
Amortization of:
Prior service cost		—		—		(4)		(3)
Actuarial loss (gain)		11		16		(2)		(3)

Net periodic benefit cost	$	(3)	$	13	$	(2)	$	(2)

The Company is not required to make any contributions to its company-sponsored pension plans in 2020, 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 quarters of 2020 and 2019.

The Company contributed $96 and $88 to employee 401(k) retirement savings accounts in the first quarter of 2020 and 2019, 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. In addition to the recurring multi-employer pension contributions the Company makes in the normal course of business, in the first quarter of 2020, the Company contributed an incremental $236, $180 net of tax, to multi-employer pension plans, helping stabilize future associate benefits.

During the first quarter of 2019, the Company incurred a charge totaling $59, $44 net of tax, due to obligations related to withdrawal liabilities for certain local unions of the Central States multi-employer pension fund. The charge was recorded in the OG&A caption in the Consolidated Statements of Operations.