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NATURAL CHOICE FARMS INC CASH BALANCE PLAN 401k Plan overview

Plan NameNATURAL CHOICE FARMS INC CASH BALANCE PLAN
Plan identification number 002

NATURAL CHOICE FARMS INC CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NATURAL CHOICE FARMS INC has sponsored the creation of one or more 401k plans.

Company Name:NATURAL CHOICE FARMS INC
Employer identification number (EIN):113218126
NAIC Classification:424990
NAIC Description:Other Miscellaneous Nondurable Goods Merchant Wholesalers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATURAL CHOICE FARMS INC CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ROBERT FISSE2024-09-03
0022022-01-01ROBERT FISSE2023-10-11
0022021-01-01ROBERT FISSE2022-09-29
0022020-01-01ROBERT FISSE2021-09-24
0022019-01-01ROBERT FISSE2020-09-30
0022018-01-01ROBERT FISSE2019-09-20
0022017-01-01ROBERT FISSE2018-10-08
0022016-01-01ROBERT FISSE2017-10-03
0022015-01-01ROBERT FISSE2016-10-05
0022014-01-01ROBERT FISSE2015-10-12

Plan Statistics for NATURAL CHOICE FARMS INC CASH BALANCE PLAN

401k plan membership statisitcs for NATURAL CHOICE FARMS INC CASH BALANCE PLAN

Measure Date Value
2022: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-312,491,966
Acturial value of plan assets2022-12-312,491,966
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-311,907,671
Number of active participants2022-12-315
Total funding liabilities for active participants2022-12-311,907,671
Total participant count2022-12-315
Total funding target for all participants2022-12-311,907,671
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31229,078
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31229,078
Present value of excess contributions2022-12-31231,895
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31240,359
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31240,359
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31486,412
Total employer contributions2022-12-31300,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31274,700
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-318,225
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31274,700
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2021 401k membership
Market value of plan assets2021-12-311,954,771
Acturial value of plan assets2021-12-311,954,771
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-311,653,944
Number of active participants2021-12-315
Total funding liabilities for active participants2021-12-311,653,944
Total participant count2021-12-315
Total funding target for all participants2021-12-311,653,944
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3178,133
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3178,133
Present value of excess contributions2021-12-31139,722
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31145,101
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-31145,101
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31229,078
Total employer contributions2021-12-31377,377
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31356,422
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31196,276
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31124,527
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31124,527
Contributions allocatedtoward minimum required contributions for current year2021-12-31356,422
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2020 401k membership
Market value of plan assets2020-12-311,518,592
Acturial value of plan assets2020-12-311,518,592
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-316,206
Active participant vested funding target2020-12-311,390,000
Number of active participants2020-12-315
Total funding liabilities for active participants2020-12-311,390,000
Total participant count2020-12-316
Total funding target for all participants2020-12-311,396,206
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31763
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 balance2020-12-31763
Present value of excess contributions2020-12-3174,371
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3177,264
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3177,264
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3178,133
Total employer contributions2020-12-31316,722
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 date2020-12-31292,943
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 cost2020-12-31197,474
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31153,221
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31153,221
Contributions allocatedtoward minimum required contributions for current year2020-12-31292,943
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2019 401k membership
Market value of plan assets2019-12-311,035,461
Acturial value of plan assets2019-12-311,035,461
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-315,821
Active participant vested funding target2019-12-311,137,602
Number of active participants2019-12-315
Total funding liabilities for active participants2019-12-311,137,602
Total participant count2019-12-316
Total funding target for all participants2019-12-311,143,423
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31437
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31437
Present value of excess contributions2019-12-31336
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31350
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31350
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31763
Total employer contributions2019-12-31319,165
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31290,576
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31198,143
Net shortfall amortization installment of oustanding balance2019-12-31108,725
Total funding amount beforereflecting carryover/prefunding balances2019-12-31216,205
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31216,205
Contributions allocatedtoward minimum required contributions for current year2019-12-31290,576
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2018 401k membership
Market value of plan assets2018-12-31871,007
Acturial value of plan assets2018-12-31871,007
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31890,967
Number of active participants2018-12-316
Total funding liabilities for active participants2018-12-31890,967
Total participant count2018-12-316
Total funding target for all participants2018-12-31890,967
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-313,100
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-312,701
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31399
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31437
Total employer contributions2018-12-31217,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31203,204
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31199,538
Net shortfall amortization installment of oustanding balance2018-12-3120,397
Total funding amount beforereflecting carryover/prefunding balances2018-12-31202,868
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31202,868
Contributions allocatedtoward minimum required contributions for current year2018-12-31203,204
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2017 401k membership
Market value of plan assets2017-12-31598,384
Acturial value of plan assets2017-12-31598,384
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31594,927
Number of active participants2017-12-310
Total funding liabilities for active participants2017-12-31595,258
Total participant count2017-12-310
Total funding target for all participants2017-12-31595,258
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3124,200
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3124,200
Present value of excess contributions2017-12-311,390
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-311,472
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-311,472
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3123,184
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-313,100
Total employer contributions2017-12-31210,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31191,007
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31193,734
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31193,708
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-312,701
Additional cash requirement2017-12-31191,007
Contributions allocatedtoward minimum required contributions for current year2017-12-31191,007
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: NATURAL CHOICE FARMS INC CASH BALANCE PLAN 2016 401k membership
Market value of plan assets2016-12-31383,643
Acturial value of plan assets2016-12-31383,643
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-3171,887
Number of active participants2016-12-316
Total funding liabilities for active participants2016-12-31359,435
Total participant count2016-12-316
Total funding target for all participants2016-12-31359,435
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3121,250
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3121,250
Present value of excess contributions2016-12-3114,227
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3115,096
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3115,096
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-3112,072
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3124,200
Total employer contributions2016-12-31202,025
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31183,446
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31182,064
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31182,056
Additional cash requirement2016-12-31182,056
Contributions allocatedtoward minimum required contributions for current year2016-12-31183,446
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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