Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 618

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 8
Chunk 618
---
 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’ assets as of November 1, 2024, and the level under which fair values were determined, using the hierarchy described in Note
1, is as follows: 

Schedule of Fair Value of Pension Plan Assets 

    2024

    Level 1

    Level 2

    Level 3

    Total

    Total plan assets
     
    $
    58,319

      -

      -

    $
    58,319

The fair