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BENEFIT PLANS
4 Months Ended
May 25, 2024
BENEFIT PLANS  
BENEFIT PLANS

3.

BENEFIT PLANS

The following table provides the components of net periodic benefit cost (benefit) for the company-sponsored defined benefit pension plans and other postretirement benefit plans for the first quarters of 2024 and 2023:

First Quarter Ended

 

Pension Benefits

Other Benefits

 

May 25,

May 20,

May 25,

May 20,

 

    

2024

    

2023

    

2024

    

2023

 

Components of net periodic benefit cost (benefit): 

Service cost 

 

$

2

 

$

6

 

$

1

 

$

1

Interest cost 

 

41

 

40

 

3

 

2

Expected return on plan assets 

 

(46)

 

(46)

 

 

Amortization of: 

Prior service cost 

 

 

 

(1)

 

(3)

Actuarial loss (gain)

 

3

 

2

 

(4)

 

(4)

Net periodic benefit cost (benefit)

 

$

 

$

2

 

$

(1)

 

$

(4)

The Company is not required to make any contributions to its company-sponsored pension plans in 2024 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 2024 or 2023.

The Company contributed $109 and $110 to employee 401(k) retirement savings accounts in the first quarters of 2024 and 2023, respectively.