v3.22.4
Defined Benefit Plan
 3 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Defined Benefit Plan DEFINED BENEFIT PLAN
The Third Federal Savings Retirement Plan (the “Plan”) is a defined benefit pension plan. Effective December 31, 2002, the Plan was amended to limit participation to employees who met the Plan’s eligibility requirements on that date. Effective December 31, 2011, the Plan was amended to freeze future benefit accruals for participants in the Plan. After December 31, 2002, employees not participating in the Plan, upon meeting the applicable eligibility requirements, and those eligible participants who no longer receive service credits under the Plan, participate in a separate tier of the Company’s defined contribution 401(k) Savings Plan. Benefits under the Plan are based on years of service and the employee’s average annual compensation (as defined in the Plan) through December 31, 2011. The funding policy of the Plan is consistent with the funding requirements of U.S. federal and other governmental laws and regulations.
The components of net periodic cost recognized in other non-interest expense in the CONSOLIDATED STATEMENTS OF INCOME are as follows:
 Three Months Ended
December 31,
 20222021
Interest cost$831 $611 
Expected return on plan assets(968)(1,301)
Amortization of net loss255 124 
     Net periodic (benefit) cost$118 $(566)
There were no required minimum employer contributions during the three months ended December 31, 2022. There are no required minimum employer contributions expected during the remainder of the fiscal year ending September 30, 2023.