Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 957

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 14
Chunk 957
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     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: 

    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