Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 1027

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 16
Chunk 1027
---
    $842  
    $649 

    Funded status of the plans 
     842  
     649 
  
    Unrecognized net actuarial (loss) gain 
     (13) 
     33 
  
    Unrecognized amounts recorded in other comprehensive income 
     13  
     (33)
  
    Postretirement healthcare liability 
    $842  
    $649 

Expected payments for the postretirement benefits
are as follows:

Schedule of Expected Payments for Pension Benefits 

    Fiscal Years
     
    Postretirement
Healthcare Benefits

    2025
     
    $
    38

    2026
     
    $
    38

    2027
     
    $
              39

    2028
     
    $
    39

    2029-2033
     
    $
    191

401(K) Plan for Sales, Administrative, Supervisory
and Certain Other Employees

During the fiscal year ended
November 3, 2006, we implemented a qualified 401(K) retirement plan (the “401K Plan”) for our sales, administrative, supervisory,
and certain other employees. During fiscal years 2024 and 2023, we made total employer contributions to the 401K Plan in the amounts of
$783 and $887, respectively.

NOTE 4 - Income Taxes:

The (benefit on) provision
for income taxes include the following:

Schedule of Provision (Benefit) for Taxes on Income 

    November 1, 2024  
    November 3, 2023 

    (52 Weeks)  
    (53 Weeks) 
  
    Current: 

    Federal 
    $(1,163) 
    $1,660 
  
    State 
     1,196  
     (8)
  
    Current tax expense benefit 
     33  
     1,652 
  
    Deferred: 

    Federal 
     (1,222) 
     (530)
  
    State 
     (122) 
     (101)
  
    Deferred tax expense benefit 
     (1,344) 
     (631)
  
    Total (benefit on) provision for income taxes 
    $(1,311) 
    $1,021 

     39 

The total tax benefit differs