Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 174

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 174
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this plan as of the fiscal years ended are as follows:

Schedule of Net Funded Status 

    2024  
    2023 
  
    Change in accumulated postretirement healthcare obligation: 

    Healthcare obligation - beginning of year 
    $649  
    $426 
  
    Interest cost 
     38  
     22 
  
    Service cost 
     9  
     3 
  
    Actuarial gain (loss) 
     180  
     230 
  
    Benefits paid 
     (34) 
     (32)
  
    Healthcare obligation – end of year 
    $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)