Associate Retirement Plans

6 Months Ended

Jul. 13, 2024

Retirement Benefits [Abstract]

Associate Retirement Plans

Note 9 – Associate Retirement Plans

During the 12- and 28- week periods ended July 13, 2024, the Company recognized net periodic postretirement benefit income of $0.5 million and $1.4 million, respectively, related to the SpartanNash Retiree Medical Plan ("Retiree Medical Plan" or "Plan"). During the 12- and 28- week periods ended July 15, 2023 the Company recognized net periodic postretirement benefit income of $0.6 million and $1.5 million, respectively, related to the Retiree Medical Plan.

The Company amended the Retiree Medical Plan on June 30, 2022. In connection with the amendment, the Company was to make lump sum cash payments to all active and retired participants in lieu of future monthly benefits and reimbursements previously offered under the Plan. As a result of the amendment effective June 30, 2022, the Plan obligation was remeasured, resulting in a reduction to the obligation of $6.6 million and a corresponding prior service credit in AOCI, which was amortized to net periodic postretirement benefit income over the remaining period until the final payment was made on June 28, 2024. During the 12 week periods ended July 13, 2024 and July 15, 2023, the Company recognized $0.7 million and $0.8 million, respectively, in net periodic postretirement benefit income related to the amortization of the prior service credit from AOCI. During the 28 week periods ended July 13, 2024 and July 15, 2023, the Company recognized $1.7 million and $1.8 million, respectively, in net periodic postretirement benefit income related to the amortization of the prior service credit from AOCI.

On June 28, 2024, the Company made a lump sum payment of $1.3 million to all remaining active or retired participants, which constituted a final settlement of the Plan. On July 1, 2023, the Company made a lump sum payment to retired participants totaling $1.3 million, which constituted a partial settlement of the Plan. The payments resulted in the recognition within net periodic postretirement expense of $0.1 million and $0.3 million on June 28, 2024 and July 1, 2023, respectively, related to the net actuarial loss within AOCI.

The Company’s retirement programs also include defined contribution plans providing contributory benefits, as well as executive compensation plans for a select group of management personnel and highly compensated associates.

Multi-Employer Plans

In addition to the plans listed above, the Company participates in the Central States Southeast and Southwest Pension Fund, the Michigan Conference of Teamsters and Ohio Conference of Teamsters Health and Welfare plans (collectively referred to as “multi-employer plans”), and other company-sponsored defined contribution plans for most associates covered by collective bargaining agreements.

With respect to the Company’s participation in the Central States Plan, expense is recognized as contributions are payable. The Company’s contributions during the 12- week periods ended July 13, 2024 and July 15, 2023 were $3.3 million. The Company's contributions during the 28-week periods ended July 13, 2024 and July 15, 2023 were $7.9 million and $7.6 million, respectively. See Note 8 for further information regarding contingencies related to the Company’s participation in the Central States Plan.