Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 330

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 3
Chunk 330
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 benefits 
    $5,112  
    $4,610 
  
    Accrued advertising and broker commissions 
     386  
     732 
  
    Property taxes 
     431  
     444 
  
    Other 
     394  
     618 
  
    Accrued payroll, advertising,
    and other expenses 
    $6,323  
    $6,404 

    Other current liabilities (Notes 3 and 6): 

    Executive retirement plans 
    $333  
    $249 
  
    Incentive compensation 
     1,531  
     1,582 
  
    Finance lease obligation 
     62  
     62 
  
    Customer deposits 
     39  
     26 
  
    Postretirement healthcare benefits 
     37  
     36 
  
    Other current liabilities 
    $2,002  
    $1,955 

    Executive retirement plans and other non-current liabilities (Note 3): 

    Defined benefit retirement plan 
    $(5,212) 
    $(1,885)
  
    Incentive compensation 
     735  
     2,266 
  
    Finance lease obligation 
     162  
     28 
  
    Postretirement healthcare benefits 
     5,521  
     5,495 
  
    Other non-current liabilities 
    $1,206  
    $5,904 

     35 

NOTE 3 - Retirement and Other Benefit Plans:

Noncontributory-Trusteed
Defined Benefit Retirement Plans for Sales, Administrative, Supervisory and Certain Other Employees

We have noncontributory-trusteed
defined benefit retirement plans for sales, administrative, supervisory, and certain other employees. In the third quarter of fiscal year
2006, we froze future benefit accruals under these plans for employees classified within the administrative, sales or supervisory job
classifications or within any non-bargaining class. The benefits under these plans are primarily based on years of service and compensation
levels. The funding policy of the plans requires contributions which are at least equal to the minimum required contributions needed to
avoid a funding deficiency. The measurement date for the plans is our fiscal year end.

Net pension income consisted
of the following:

Schedule of Net Pension Cost 

    November 1, 2024  
    November 3, 2023