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PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 401k Plan overview

Plan NamePENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.
Plan identification number 003

PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

COCA COLA BEVERAGES NORTHEAST has sponsored the creation of one or more 401k plans.

Company Name:COCA COLA BEVERAGES NORTHEAST
Employer identification number (EIN):042614952
NAIC Classification:312110
NAIC Description: Soft Drink and Ice Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032021-01-01
0032021-01-01
0032020-03-31

Plan Statistics for PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.

401k plan membership statisitcs for PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.

Measure Date Value
2021: PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2021 401k membership
Total participants, beginning-of-year2021-01-01419
Total number of active participants reported on line 7a of the Form 55002021-01-010
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2020 401k membership
Market value of plan assets2020-12-314,820,996
Acturial value of plan assets2020-12-314,820,996
Funding target for retired participants and beneficiaries receiving payment2020-12-31342,024
Number of terminated vested participants2020-12-3150
Fundng target for terminated vested participants2020-12-31283,384
Active participant vested funding target2020-12-313,152,666
Number of active participants2020-12-31313
Total funding liabilities for active participants2020-12-313,791,623
Total participant count2020-12-31388
Total funding target for all participants2020-12-314,417,031
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31858,903
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31858,903
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-31858,903
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3120,000
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-03-31384
Total number of active participants reported on line 7a of the Form 55002020-03-31258
Number of retired or separated participants receiving benefits2020-03-3128
Number of other retired or separated participants entitled to future benefits2020-03-31133
Total of all active and inactive participants2020-03-31419
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-03-310
Total participants2020-03-31419
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-03-310

Financial Data on PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.

Measure Date Value
2021 : PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-10-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-10-31$0
Total income from all sources (including contributions)2021-10-31$2,984,391
Total loss/gain on sale of assets2021-10-31$-332,748
Total of all expenses incurred2021-10-31$7,773,892
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-10-31$7,599,311
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-10-31$3,316,899
Value of total assets at end of year2021-10-31$0
Value of total assets at beginning of year2021-10-31$4,789,501
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-10-31$174,581
Total interest from all sources2021-10-31$240
Total dividends received (eg from common stock, registered investment company shares)2021-10-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-10-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-10-31$0
Administrative expenses professional fees incurred2021-10-31$126,250
Was this plan covered by a fidelity bond2021-10-31Yes
Value of fidelity bond cover2021-10-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-10-31$0
Were there any nonexempt tranactions with any party-in-interest2021-10-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-10-31$1,742,155
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-10-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-10-31$5
Administrative expenses (other) incurred2021-10-31$20,331
Total non interest bearing cash at end of year2021-10-31$0
Total non interest bearing cash at beginning of year2021-10-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Value of net income/loss2021-10-31$-4,789,501
Value of net assets at end of year (total assets less liabilities)2021-10-31$0
Value of net assets at beginning of year (total assets less liabilities)2021-10-31$4,789,501
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-10-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-10-31No
Were any leases to which the plan was party in default or uncollectible2021-10-31No
Investment advisory and management fees2021-10-31$28,000
Value of interest in common/collective trusts at end of year2021-10-31$0
Value of interest in common/collective trusts at beginning of year2021-10-31$1,842,607
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-10-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-10-31$1,698,566
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-10-31$1,698,566
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-10-31$240
Asset value of US Government securities at end of year2021-10-31$0
Asset value of US Government securities at beginning of year2021-10-31$1,248,323
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-10-31Yes
Was there a failure to transmit to the plan any participant contributions2021-10-31No
Has the plan failed to provide any benefit when due under the plan2021-10-31No
Contributions received in cash from employer2021-10-31$3,316,899
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-10-31$5,857,156
Did the plan have assets held for investment2021-10-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-10-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-10-31Yes
Aggregate proceeds on sale of assets2021-10-31$15,555,228
Aggregate carrying amount (costs) on sale of assets2021-10-31$15,887,976
Opinion of an independent qualified public accountant for this plan2021-10-31Disclaimer
Accountancy firm name2021-10-31BOIVIN & ASSOCIATES, CPAS, PLLC
Accountancy firm EIN2021-10-31271516157
2020 : PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-964,614
Total unrealized appreciation/depreciation of assets2020-12-31$-964,614
Total transfer of assets to this plan2020-12-31$6,363,985
Total transfer of assets from this plan2020-12-31$1,310,825
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$-26,012
Total loss/gain on sale of assets2020-12-31$650,703
Total of all expenses incurred2020-12-31$237,647
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$28,957
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$4,789,501
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$208,690
Total interest from all sources2020-12-31$133
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$696
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$696
Administrative expenses professional fees incurred2020-12-31$183,504
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$5
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Administrative expenses (other) incurred2020-12-31$4,186
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-263,659
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,789,501
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$21,000
Value of interest in common/collective trusts at end of year2020-12-31$1,842,607
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$1,698,566
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$133
Asset value of US Government securities at end of year2020-12-31$1,248,323
Asset value of US Government securities at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,463
Net investment gain or loss from common/collective trusts2020-12-31$285,607
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$28,957
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$2,699,021
Aggregate carrying amount (costs) on sale of assets2020-12-31$2,048,318
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BOIVIN & ASSOCIATES, CPAS, PLLC
Accountancy firm EIN2020-12-31271516157

Form 5500 Responses for PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC.

2021: PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingYes
2021-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PENSION PLAN FOR NEEDHAM AND WALTHAM LOCAL NO. 513 EMPLOYEES OF COCA-COLA BEVERAGES NORTHEAST, INC. 2020 form 5500 responses
2020-03-31Type of plan entitySingle employer plan
2020-03-31First time form 5500 has been submittedYes
2020-03-31Submission has been amendedNo
2020-03-31This submission is the final filingNo
2020-03-31This return/report is a short plan year return/report (less than 12 months)Yes
2020-03-31Plan is a collectively bargained planYes
2020-03-31Plan funding arrangement – TrustYes
2020-03-31Plan benefit arrangement - TrustYes

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