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B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 401k Plan overview

Plan NameB & G FOODS, INC. PORTLAND ME UNION 401K PLAN
Plan identification number 007

B & G FOODS, INC. PORTLAND ME UNION 401K PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

B AND G FOODS, INC. has sponsored the creation of one or more 401k plans.

Company Name:B AND G FOODS, INC.
Employer identification number (EIN):133918742
NAIC Classification:311400
NAIC Description: Fruit and Vegetable Preserving and Specialty Food Manufacturing

Additional information about B AND G FOODS, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1993-09-21
Company Identification Number: 854063
Legal Registered Office Address: 14686 BAGLEY RD APT 204
-
MIDDLEBURG HTS
United States of America (USA)
44130

More information about B AND G FOODS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & G FOODS, INC. PORTLAND ME UNION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072017-11-01
0072016-11-01ANDREA DIFALCO
0072015-11-01ERIC HART ERIC HART2017-06-16
0072014-11-01ROBERT CANTWELL
0072013-11-01ROBERT CANTWELL
0072012-11-01ROBERT CANTWELL
0072012-08-06ROBERT CANTWELL2013-10-10

Plan Statistics for B & G FOODS, INC. PORTLAND ME UNION 401K PLAN

401k plan membership statisitcs for B & G FOODS, INC. PORTLAND ME UNION 401K PLAN

Measure Date Value
2018: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2018 401k membership
Market value of plan assets2018-10-315,761,013
Acturial value of plan assets2018-10-315,761,013
Funding target for retired participants and beneficiaries receiving payment2018-10-311,043,133
Number of terminated vested participants2018-10-3125
Fundng target for terminated vested participants2018-10-31590,161
Active participant vested funding target2018-10-312,016,149
Number of active participants2018-10-3154
Total funding liabilities for active participants2018-10-312,041,375
Total participant count2018-10-31104
Total funding target for all participants2018-10-313,674,669
Balance at beginning of prior year after applicable adjustments2018-10-310
Prefunding balance at beginning of prior year after applicable adjustments2018-10-310
Amount remaining of carryover balance2018-10-310
Amount remaining of prefunding balance2018-10-310
Present value of excess contributions2018-10-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-10-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-10-310
Reductions in caryover balances due to elections or deemed elections2018-10-310
Reductions in prefunding balances due to elections or deemed elections2018-10-310
Balance of carryovers at beginning of current year2018-10-310
Balance of prefunding at beginning of current year2018-10-310
Total employer contributions2018-10-310
Total employee contributions2018-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-10-310
Contributions made to avoid restrictions adjusted to valuation date2018-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-10-310
Remaining amount of unpaid minimum required contributions2018-10-310
Minimum required contributions for current year target normal cost2018-10-3190,932
Net shortfall amortization installment of oustanding balance2018-10-310
Waiver amortization installment2018-10-310
Total funding amount beforereflecting carryover/prefunding balances2018-10-310
Additional cash requirement2018-10-310
Contributions allocatedtoward minimum required contributions for current year2018-10-310
Unpaid minimum required contributions for current year2018-10-310
Unpaid minimum required contributions for all years2018-10-310
2017: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-11-01104
Total number of active participants reported on line 7a of the Form 55002017-11-0150
Number of retired or separated participants receiving benefits2017-11-0127
Number of other retired or separated participants entitled to future benefits2017-11-0122
Total of all active and inactive participants2017-11-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-11-011
Total participants2017-11-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-11-012
Market value of plan assets2017-10-315,338,551
Acturial value of plan assets2017-10-315,338,551
Funding target for retired participants and beneficiaries receiving payment2017-10-311,036,009
Number of terminated vested participants2017-10-3127
Fundng target for terminated vested participants2017-10-31584,947
Active participant vested funding target2017-10-311,808,284
Number of active participants2017-10-3153
Total funding liabilities for active participants2017-10-311,828,595
Total participant count2017-10-31103
Total funding target for all participants2017-10-313,449,551
Balance at beginning of prior year after applicable adjustments2017-10-310
Prefunding balance at beginning of prior year after applicable adjustments2017-10-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-10-310
Prefunding balanced used to offset prior years funding requirement2017-10-310
Amount remaining of carryover balance2017-10-310
Amount remaining of prefunding balance2017-10-310
Present value of excess contributions2017-10-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-10-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-10-310
Reductions in caryover balances due to elections or deemed elections2017-10-310
Reductions in prefunding balances due to elections or deemed elections2017-10-310
Balance of carryovers at beginning of current year2017-10-310
Balance of prefunding at beginning of current year2017-10-310
Total employer contributions2017-10-310
Total employee contributions2017-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-10-310
Contributions made to avoid restrictions adjusted to valuation date2017-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-10-310
Remaining amount of unpaid minimum required contributions2017-10-310
Minimum required contributions for current year target normal cost2017-10-3194,784
Net shortfall amortization installment of oustanding balance2017-10-310
Waiver amortization installment2017-10-310
Total funding amount beforereflecting carryover/prefunding balances2017-10-310
Additional cash requirement2017-10-310
Contributions allocatedtoward minimum required contributions for current year2017-10-310
Unpaid minimum required contributions for current year2017-10-310
Unpaid minimum required contributions for all years2017-10-310
2016: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-11-01103
Total number of active participants reported on line 7a of the Form 55002016-11-0152
Number of retired or separated participants receiving benefits2016-11-0124
Number of other retired or separated participants entitled to future benefits2016-11-0125
Total of all active and inactive participants2016-11-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-11-011
Total participants2016-11-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-11-011
2015: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2015 401k membership
Total participants, beginning-of-year2015-11-0199
Total number of active participants reported on line 7a of the Form 55002015-11-0146
Number of retired or separated participants receiving benefits2015-11-0123
Number of other retired or separated participants entitled to future benefits2015-11-0127
Total of all active and inactive participants2015-11-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-11-010
Total participants2015-11-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-11-010
2014: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2014 401k membership
Total participants, beginning-of-year2014-11-0197
Total number of active participants reported on line 7a of the Form 55002014-11-0149
Number of retired or separated participants receiving benefits2014-11-0123
Number of other retired or separated participants entitled to future benefits2014-11-0126
Total of all active and inactive participants2014-11-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-11-011
Total participants2014-11-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-11-011
2013: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2013 401k membership
Total participants, beginning-of-year2013-11-0197
Total number of active participants reported on line 7a of the Form 55002013-11-0146
Number of retired or separated participants receiving benefits2013-11-0119
Number of other retired or separated participants entitled to future benefits2013-11-0129
Total of all active and inactive participants2013-11-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-11-012
Total participants2013-11-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-11-010
2012: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2012 401k membership
Total participants, beginning-of-year2012-11-0196
Total number of active participants reported on line 7a of the Form 55002012-11-0149
Number of retired or separated participants receiving benefits2012-11-0118
Number of other retired or separated participants entitled to future benefits2012-11-0129
Total of all active and inactive participants2012-11-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-11-011
Total participants2012-11-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-11-010

Financial Data on B & G FOODS, INC. PORTLAND ME UNION 401K PLAN

Measure Date Value
2018 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2018 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-10-31$0
2017 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2017 401k financial data
Total income from all sources2017-10-31$546,328
Expenses. Total of all expenses incurred2017-10-31$123,866
Benefits paid (including direct rollovers)2017-10-31$100,891
Total plan assets at end of year2017-10-31$5,761,013
Total plan assets at beginning of year2017-10-31$5,338,551
Value of fidelity bond covering the plan2017-10-31$3,000,000
Other income received2017-10-31$546,328
Net income (gross income less expenses)2017-10-31$422,462
Net plan assets at end of year (total assets less liabilities)2017-10-31$5,761,013
Net plan assets at beginning of year (total assets less liabilities)2017-10-31$5,338,551
Assets. Value of employer securities2017-10-31$440,366
Expenses. Administrative service providers (salaries,fees and commissions)2017-10-31$22,975
2016 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2016 401k financial data
Total income from all sources2016-10-31$300,221
Expenses. Total of all expenses incurred2016-10-31$127,692
Benefits paid (including direct rollovers)2016-10-31$103,882
Total plan assets at end of year2016-10-31$5,338,551
Total plan assets at beginning of year2016-10-31$5,166,022
Value of fidelity bond covering the plan2016-10-31$3,000,000
Other income received2016-10-31$300,221
Net income (gross income less expenses)2016-10-31$172,529
Net plan assets at end of year (total assets less liabilities)2016-10-31$5,338,551
Net plan assets at beginning of year (total assets less liabilities)2016-10-31$5,166,022
Assets. Value of employer securities2016-10-31$587,155
Expenses. Administrative service providers (salaries,fees and commissions)2016-10-31$23,810
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-10-31$0
2015 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2015 401k financial data
Total income from all sources2015-10-31$224,496
Expenses. Total of all expenses incurred2015-10-31$122,817
Benefits paid (including direct rollovers)2015-10-31$98,636
Total plan assets at end of year2015-10-31$5,166,022
Total plan assets at beginning of year2015-10-31$5,064,343
Value of fidelity bond covering the plan2015-10-31$3,000,000
Other income received2015-10-31$224,496
Net income (gross income less expenses)2015-10-31$101,679
Net plan assets at end of year (total assets less liabilities)2015-10-31$5,166,022
Net plan assets at beginning of year (total assets less liabilities)2015-10-31$5,064,343
Assets. Value of employer securities2015-10-31$502,544
Expenses. Administrative service providers (salaries,fees and commissions)2015-10-31$24,181
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-10-31$0
2014 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-10-31$185,734
Total income from all sources2014-10-31$419,258
Expenses. Total of all expenses incurred2014-10-31$102,932
Benefits paid (including direct rollovers)2014-10-31$80,457
Total plan assets at end of year2014-10-31$5,064,343
Total plan assets at beginning of year2014-10-31$4,933,751
Value of fidelity bond covering the plan2014-10-31$3,000,000
Other income received2014-10-31$419,258
Net income (gross income less expenses)2014-10-31$316,326
Net plan assets at end of year (total assets less liabilities)2014-10-31$5,064,343
Net plan assets at beginning of year (total assets less liabilities)2014-10-31$4,748,017
Assets. Value of employer securities2014-10-31$407,962
Expenses. Administrative service providers (salaries,fees and commissions)2014-10-31$22,475
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-10-31$0
2013 : B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2013 401k financial data
Total plan liabilities at end of year2013-10-31$185,734
Total income from all sources2013-10-31$1,009,451
Expenses. Total of all expenses incurred2013-10-31$78,178
Benefits paid (including direct rollovers)2013-10-31$60,096
Total plan assets at end of year2013-10-31$4,933,751
Total plan assets at beginning of year2013-10-31$3,816,744
Value of fidelity bond covering the plan2013-10-31$3,000,000
Other income received2013-10-31$659,451
Net income (gross income less expenses)2013-10-31$931,273
Net plan assets at end of year (total assets less liabilities)2013-10-31$4,748,017
Net plan assets at beginning of year (total assets less liabilities)2013-10-31$3,816,744
Assets. Value of employer securities2013-10-31$468,755
Total contributions received or receivable from employer(s)2013-10-31$350,000
Expenses. Administrative service providers (salaries,fees and commissions)2013-10-31$18,082
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-10-31$0

Form 5500 Responses for B & G FOODS, INC. PORTLAND ME UNION 401K PLAN

2017: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2017 form 5500 responses
2017-11-01Type of plan entitySingle employer plan
2017-11-01Submission has been amendedNo
2017-11-01This submission is the final filingNo
2017-11-01This return/report is a short plan year return/report (less than 12 months)No
2017-11-01Plan is a collectively bargained planYes
2017-11-01Plan funding arrangement – TrustYes
2017-11-01Plan benefit arrangement - TrustYes
2016: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2016 form 5500 responses
2016-11-01Type of plan entitySingle employer plan
2016-11-01Submission has been amendedNo
2016-11-01This submission is the final filingNo
2016-11-01This return/report is a short plan year return/report (less than 12 months)No
2016-11-01Plan is a collectively bargained planYes
2016-11-01Plan funding arrangement – TrustYes
2016-11-01Plan benefit arrangement - TrustYes
2015: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2015 form 5500 responses
2015-11-01Type of plan entitySingle employer plan
2015-11-01Submission has been amendedNo
2015-11-01This submission is the final filingNo
2015-11-01This return/report is a short plan year return/report (less than 12 months)No
2015-11-01Plan is a collectively bargained planYes
2015-11-01Plan funding arrangement – TrustYes
2015-11-01Plan benefit arrangement - TrustYes
2014: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2014 form 5500 responses
2014-11-01Type of plan entitySingle employer plan
2014-11-01Submission has been amendedNo
2014-11-01This submission is the final filingNo
2014-11-01This return/report is a short plan year return/report (less than 12 months)No
2014-11-01Plan is a collectively bargained planYes
2014-11-01Plan funding arrangement – TrustYes
2014-11-01Plan benefit arrangement - TrustYes
2013: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2013 form 5500 responses
2013-11-01Type of plan entitySingle employer plan
2013-11-01Submission has been amendedNo
2013-11-01This submission is the final filingNo
2013-11-01This return/report is a short plan year return/report (less than 12 months)No
2013-11-01Plan is a collectively bargained planYes
2013-11-01Plan funding arrangement – TrustYes
2013-11-01Plan benefit arrangement - TrustYes
2012: B & G FOODS, INC. PORTLAND ME UNION 401K PLAN 2012 form 5500 responses
2012-11-01Type of plan entitySingle employer plan
2012-11-01Submission has been amendedNo
2012-11-01This submission is the final filingNo
2012-11-01This return/report is a short plan year return/report (less than 12 months)No
2012-11-01Plan is a collectively bargained planYes
2012-11-01Plan funding arrangement – TrustYes
2012-11-01Plan benefit arrangement - TrustYes

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