Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 814

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 10
Chunk 814
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 was $2,267 and $3,848 as of November 1, 2024, and November
3, 2023, respectively. Future payments are approximately $1,531, $694, $33 and $9 for fiscal years 2025 through 2028, respectively.

Postretirement Healthcare Benefits for Selected
Executive Employees

We provide postretirement
health care benefits for selected executive employees. Net periodic postretirement healthcare (benefit) cost is determined using assumptions
as of the beginning of each fiscal year, except for the total actual benefit payments and the discount rate used to develop the net periodic
postretirement benefit expense, which is determined at 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