Retirement Plans

12 Months Ended

Jan. 01, 2021

Pension And Other Postretirement Benefit Expense [Abstract]

Retirement Plans

Note 10: Retirement Plans

The Company provides a defined contribution retirement plan for its employees whereby the Company contributes to each eligible employee’s account 7% of the employee’s eligible base salary plus overtime. The employee does not need to make a contribution to the plan to be eligible for the Company’s 7% contribution. To be eligible under the plan, an employee must be at least 21 years of age and be either a full-time or part-time salaried employee. The 7% Company contribution will vest 20% per year for the first 5 years of employment and then immediately thereafter. The Company’s expenses related to this plan were $9,752,000, $9,073,000, and $8,419,000 in 2020, 2019, and 2018, respectively.