Annual report pursuant to Section 13 and 15(d)

Note 13 - Defined Contribution Pension Plan and Post-employment Benefit Plan

v3.20.1
Note 13 - Defined Contribution Pension Plan and Post-employment Benefit Plan
 12 Months Ended
Dec. 29, 2019
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
1
3
.
Defined contribution pension plan and post-employment benefit plan
 
The Company has a
401K
plan which is accounted for as a defined contribution plan for certain U.S. employees, whereby the Company matches a portion of employee contributions. Company contributions to the
401K
plan were
$469,
$139
and
$125
for the years ended
December 29, 2019,
December 30, 2018
and
December 31, 2017,
respectively.  
  
The Company has certain post-employment benefits related to employees in its Mexico, Chihuahua facility. These benefit plans are only available to local employees and are generally government mandated. The liability related to the unfunded benefit obligations was
$458
and
$275
as at
December 29, 2019
and
December 30, 2018
respectively, which was classified within accrued liabilities in the consolidated balance sheet.