Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 773

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 9C
Chunk 773
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 2025 is planned.

For fiscal year 2024, our
actuary used mortality tables from the Pri-2012 Total Dataset Mortality Table with MP-2021 Scaling. The expected rate of return on the
plans’ assets was 5.00% and 7.00% effective for fiscal years 2024 and 2023, respectively.

     36 

On May 22, 2024, we transitioned
our pension plan assets held with Morgan Stanley Smith Barney LLC to align with our updated investment policy statement to shift away
from equities to fixed income. This derisking strategy helps establish a basis for our investment results as well as helping to ensure
that assets of the Plan are managed in accordance with the Employment Retirement Income Security Act of 1974 (“ERISA”) and
regulations pertaining thereto.

The actual and target allocation
for the plans’ assets are as follows: 

Schedule of Allocation of Plan Assets 

    Asset Class
     
    2024

    Target 
    Asset 
    Allocation 

    2023

    Target 
    Asset 
    Allocation 

    Large Cap Equities

    9.3
    %

    8.0
    %

    21.7
    %

    23.0
    %
  
    Mid Cap Equities

    0.0
    %

    0.0
    %

    0.0
    %

    0.0
    %
  
    Small Cap Equities

    2.4
    %

    2.0
    %

    9.5
    %

    9.0
    %
  
    International (equities only)

    4.1
    %

    5.0
    %

    26.9
    %

    27.0
    %
  
    Fixed Income

    84.0
    %

    83.0
    %

    36.0
    %

    37.0
    %
  
    Cash and other

    0.2
    %

    2.0
    %

    5.9
    %

    4.0
    %
  
    Total

    100.0
    %

    100.0
    %

    100.0
    %

    100.0
    %

The fair value of our pension
plans’