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KRAFT FOODS GROUP, INC. TIP PLAN 401k Plan overview

Plan NameKRAFT FOODS GROUP, INC. TIP PLAN
Plan identification number 005

KRAFT FOODS GROUP, INC. TIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

KRAFT HEINZ FOODS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:KRAFT HEINZ FOODS COMPANY
Employer identification number (EIN):250542520
NAIC Classification:311900
NAIC Description: Other Food Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KRAFT FOODS GROUP, INC. TIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052016-01-01STEVE CRUCITT
0052016-01-01

Plan Statistics for KRAFT FOODS GROUP, INC. TIP PLAN

401k plan membership statisitcs for KRAFT FOODS GROUP, INC. TIP PLAN

Measure Date Value
2016: KRAFT FOODS GROUP, INC. TIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-016,580
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on KRAFT FOODS GROUP, INC. TIP PLAN

Measure Date Value
2016 : KRAFT FOODS GROUP, INC. TIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-30$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-30$0
Total unrealized appreciation/depreciation of assets2016-12-30$0
Total transfer of assets to this plan2016-12-30$0
Total transfer of assets from this plan2016-12-30$309,272,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-30$0
Expenses. Interest paid2016-12-30$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-30$0
Total income from all sources (including contributions)2016-12-30$42,622,000
Total loss/gain on sale of assets2016-12-30$0
Total of all expenses incurred2016-12-30$39,723,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-30$39,325,000
Expenses. Certain deemed distributions of participant loans2016-12-30$36,000
Value of total corrective distributions2016-12-30$12,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-30$17,893,000
Value of total assets at end of year2016-12-30$0
Value of total assets at beginning of year2016-12-30$306,373,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-30$350,000
Total income from rents2016-12-30$0
Total interest from all sources2016-12-30$307,000
Total dividends received (eg from common stock, registered investment company shares)2016-12-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-30$0
Total dividends received from registered investment company shares (eg mutual funds)2016-12-30$0
Assets. Real estate other than employer real property at end of year2016-12-30$0
Assets. Real estate other than employer real property at beginning of year2016-12-30$0
Administrative expenses professional fees incurred2016-12-30$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-12-30$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-30$0
Was this plan covered by a fidelity bond2016-12-30Yes
Value of fidelity bond cover2016-12-30$25,000,000
If this is an individual account plan, was there a blackout period2016-12-30No
Were there any nonexempt tranactions with any party-in-interest2016-12-30No
Contributions received from participants2016-12-30$12,264,000
Participant contributions at end of year2016-12-30$0
Participant contributions at beginning of year2016-12-30$9,262,000
Participant contributions at end of year2016-12-30$0
Participant contributions at beginning of year2016-12-30$206,000
Assets. Other investments not covered elsewhere at end of year2016-12-30$0
Assets. Other investments not covered elsewhere at beginning of year2016-12-30$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-30$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-30$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-30$301,000
Assets. Loans (other than to participants) at end of year2016-12-30$0
Assets. Loans (other than to participants) at beginning of year2016-12-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-30$0
Other income not declared elsewhere2016-12-30$0
Administrative expenses (other) incurred2016-12-30$339,000
Liabilities. Value of operating payables at end of year2016-12-30$0
Liabilities. Value of operating payables at beginning of year2016-12-30$0
Total non interest bearing cash at end of year2016-12-30$0
Total non interest bearing cash at beginning of year2016-12-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-30No
Income. Non cash contributions2016-12-30$0
Value of net income/loss2016-12-30$2,899,000
Value of net assets at end of year (total assets less liabilities)2016-12-30$0
Value of net assets at beginning of year (total assets less liabilities)2016-12-30$306,373,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-30No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-30No
Were any leases to which the plan was party in default or uncollectible2016-12-30No
Assets. partnership/joint venture interests at end of year2016-12-30$0
Assets. partnership/joint venture interests at beginning of year2016-12-30$0
Investment advisory and management fees2016-12-30$11,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-30$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-30$0
Value of interest in pooled separate accounts at end of year2016-12-30$0
Value of interest in pooled separate accounts at beginning of year2016-12-30$0
Interest on participant loans2016-12-30$307,000
Income. Interest from loans (other than to participants)2016-12-30$0
Interest earned on other investments2016-12-30$0
Income. Interest from US Government securities2016-12-30$0
Income. Interest from corporate debt instruments2016-12-30$0
Value of interest in master investment trust accounts at end of year2016-12-30$0
Value of interest in master investment trust accounts at beginning of year2016-12-30$296,506,000
Value of interest in common/collective trusts at end of year2016-12-30$0
Value of interest in common/collective trusts at beginning of year2016-12-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-30$0
Assets. Value of investments in 103.12 investment entities at end of year2016-12-30$0
Assets. Value of investments in 103.12 investment entities at beginning of year2016-12-30$0
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-30$0
Asset value of US Government securities at end of year2016-12-30$0
Asset value of US Government securities at beginning of year2016-12-30$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-30$0
Net investment gain/loss from pooled separate accounts2016-12-30$0
Net investment gain or loss from common/collective trusts2016-12-30$0
Net gain/loss from 103.12 investment entities2016-12-30$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-30No
Was there a failure to transmit to the plan any participant contributions2016-12-30Yes
Has the plan failed to provide any benefit when due under the plan2016-12-30No
Assets. Invements in employer securities at end of year2016-12-30$0
Assets. Invements in employer securities at beginning of year2016-12-30$0
Assets. Value of employer real property at end of year2016-12-30$0
Assets. Value of employer real property at beginning of year2016-12-30$0
Contributions received in cash from employer2016-12-30$5,629,000
Employer contributions (assets) at end of year2016-12-30$0
Employer contributions (assets) at beginning of year2016-12-30$98,000
Income. Dividends from preferred stock2016-12-30$0
Income. Dividends from common stock2016-12-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-30$39,325,000
Asset. Corporate debt instrument preferred debt at end of year2016-12-30$0
Asset. Corporate debt instrument preferred debt at beginning of year2016-12-30$0
Asset. Corporate debt instrument debt (other) at end of year2016-12-30$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-30$0
Contract administrator fees2016-12-30$0
Assets. Corporate common stocks other than exployer securities at end of year2016-12-30$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-30$0
Liabilities. Value of benefit claims payable at end of year2016-12-30$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-30$0
Assets. Value of buildings and other operty used in plan operation at end of year2016-12-30$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2016-12-30$0
Did the plan have assets held for investment2016-12-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-30Yes
Aggregate proceeds on sale of assets2016-12-30$0
Aggregate carrying amount (costs) on sale of assets2016-12-30$0
Liabilities. Value of acquisition indebtedness at end of year2016-12-30$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-30$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-30Yes
Opinion of an independent qualified public accountant for this plan2016-12-30Disclaimer
Accountancy firm name2016-12-30CROWE HORWATH, LLP
Accountancy firm EIN2016-12-30350921680

Form 5500 Responses for KRAFT FOODS GROUP, INC. TIP PLAN

2016: KRAFT FOODS GROUP, INC. TIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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