Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 700

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 9A
Chunk 700
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 the end of the fiscal year.

Net periodic postretirement
healthcare cost (benefit) consisted of the following:

Schedule Net Periodic Post-retirement Healthcare (benefit) Cost 

    November 1, 2024  
    November 3, 2023 

    (52 Weeks)  
    (53 Weeks) 
  
    Interest cost 
    $38  
    $22 
  
    Amortization of actuarial gain 
     (12) 
     (17)
  
    Service cost 
     8  
     4 
  
    Net periodic postretirement healthcare cost 
    $34  
    $9 

Weighted average assumptions
for the fiscal years ended November 1, 2024, and November 3, 2023, are as follows:

Schedule of Health Care Cost Trend Rates 

    2024  
    2023 
  
    Discount rate 
     5.16% 
     5.96%
  
    Medical trend rate next year 
     7.00% 
     7.50%
  
    Ultimate trend rate 
     5.00% 
     5.00%
  
    Year ultimate trend rate is achieved 
     2028  
     2028 

The table below shows the
estimated effect of a 1% increase in healthcare cost trend rate on the following:

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates 

    2024  
    2023 
  
    Interest cost plus service cost 
    $9  
    $5 
  
    Accumulated postretirement healthcare obligation 
    $156  
    $106 

The table below shows the
estimated effect of a 1% decrease in healthcare cost trend rate on the following:

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates 

    2024  
    2023 
  
    Interest cost plus service cost 
    $(7) 
    $(4)
  
    Accumulated postretirement healthcare obligation 
    $(122) 
    $(84)

     38 

The healthcare obligation and funded status of
this plan as of the fiscal years ended are as follows:

Schedule of Net Funded Status 

    2024  
    2023 
  
    Change in accumulated postretirement healthcare obligation: