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BENEFIT PLANS
4 Months Ended
May 20, 2023
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 postretirement benefit plans for the first quarters of 2023 and 2022:

First Quarter Ended

 

Pension Benefits

Other Benefits

 

May 20,

May 21,

May 20,

May 21,

 

    

2023

    

2022

    

2023

    

2022

 

Components of net periodic benefit cost (benefit): 

Service cost 

 

$

6

 

$

3

 

$

1

 

$

1

Interest cost 

 

40

 

30

 

2

 

2

Expected return on plan assets 

 

(46)

 

(47)

 

 

Amortization of: 

Prior service cost 

 

 

 

(3)

 

(4)

Actuarial loss (gain)

 

2

 

8

 

(4)

 

(5)

Net periodic benefit cost (benefit)

 

$

2

 

$

(6)

 

$

(4)

 

$

(6)

The Company is not required to make any contributions to its company-sponsored pension plans in 2023, but may make contributions to the extent such contributions are beneficial to the Company. The Company did not make any significant contributions to its company-sponsored pension plans in the first quarters of 2023 or 2022.

The Company contributed $110 and $105 to employee 401(k) retirement savings accounts in the first quarters of 2023 and 2022, respectively.