401k Plan data: TROPICANA PRODUCTS DEFINED BENEFIT PLAN plan

TROPICANA PRODUCTS DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	TROPICANA PRODUCTS DEFINED BENEFIT PLAN
Plan identification number	001

TROPICANA PRODUCTS DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined 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).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TROPICANA PRODUCTS, INC. has sponsored the creation of one or more 401k plans.

Company Name: TROPICANA PRODUCTS, INC.

Employer identification number (EIN): 133346705

NAIC Classification: 311400
NAIC Description: Fruit and Vegetable Preserving and Specialty Food Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TROPICANA PRODUCTS DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-24

Plan Statistics for TROPICANA PRODUCTS DEFINED BENEFIT PLAN

401k plan membership statisitcs for TROPICANA PRODUCTS DEFINED BENEFIT PLAN

Measure Date Value
2023: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 1,096
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 994
Number of retired or separated participants receiving benefits 2023-01-01 15
Number of other retired or separated participants entitled to future benefits 2023-01-01 55
Total of all active and inactive participants 2023-01-01 1,064
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 3
Total participants 2023-01-01 1,067
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 47
2022: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets 2022-12-31 134,833,616
Acturial value of plan assets 2022-12-31 134,833,616
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 0
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 86,780,152
Number of active participants 2022-12-31 1,033
Total funding liabilities for active participants 2022-12-31 93,214,033
Total participant count 2022-12-31 1,033
Total funding target for all participants 2022-12-31 93,214,033
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 5,652,117
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-24 1,033
Total number of active participants reported on line 7a of the Form 5500 2022-01-24 949
Number of retired or separated participants receiving benefits 2022-01-24 8
Number of other retired or separated participants entitled to future benefits 2022-01-24 51
Total of all active and inactive participants 2022-01-24 1,008
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-24 1
Total participants 2022-01-24 1,009
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-24 54

Measure	Date	Value
2023: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	1,096
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	994
Number of retired or separated participants receiving benefits	2023-01-01	15
Number of other retired or separated participants entitled to future benefits	2023-01-01	55
Total of all active and inactive participants	2023-01-01	1,064
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	3
Total participants	2023-01-01	1,067
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	47
2022: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets	2022-12-31	134,833,616
Acturial value of plan assets	2022-12-31	134,833,616
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	86,780,152
Number of active participants	2022-12-31	1,033
Total funding liabilities for active participants	2022-12-31	93,214,033
Total participant count	2022-12-31	1,033
Total funding target for all participants	2022-12-31	93,214,033
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	5,652,117
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-24	1,033
Total number of active participants reported on line 7a of the Form 5500	2022-01-24	949
Number of retired or separated participants receiving benefits	2022-01-24	8
Number of other retired or separated participants entitled to future benefits	2022-01-24	51
Total of all active and inactive participants	2022-01-24	1,008
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-24	1
Total participants	2022-01-24	1,009
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-24	54

Financial Data on TROPICANA PRODUCTS DEFINED BENEFIT PLAN

Measure	Date	Value
2023 : TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total transfer of assets to this plan	2023-12-31	$1,018,862
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$207,637
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$1,621,585
Total income from all sources (including contributions)	2023-12-31	$17,658,387
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$11,921,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$10,507,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$6,400,937
Value of total assets at end of year	2023-12-31	$98,600,763
Value of total assets at beginning of year	2023-12-31	$93,259,170
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$1,414,382
Total interest from all sources	2023-12-31	$9,655
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$10,000,000
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Assets. Other investments not covered elsewhere at end of year	2023-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2023-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$-49,063
Value of other receiveables (less allowance for doubtful accounts) at end of year	2023-12-31	$1,019,092
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2023-12-31	$431,465
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$1,501,530
Other income not declared elsewhere	2023-12-31	$13,137
Administrative expenses (other) incurred	2023-12-31	$580,213
Liabilities. Value of operating payables at end of year	2023-12-31	$207,637
Liabilities. Value of operating payables at beginning of year	2023-12-31	$120,055
Total non interest bearing cash at end of year	2023-12-31	$523
Total non interest bearing cash at beginning of year	2023-12-31	$508
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$5,736,679
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$98,393,126
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$91,637,585
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$127,258
Interest earned on other investments	2023-12-31	$9,655
Value of interest in common/collective trusts at end of year	2023-12-31	$91,131,148
Value of interest in common/collective trusts at beginning of year	2023-12-31	$92,827,197
Net investment gain or loss from common/collective trusts	2023-12-31	$11,234,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$6,450,000
Employer contributions (assets) at end of year	2023-12-31	$6,450,000
Employer contributions (assets) at beginning of year	2023-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$10,507,326
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	BAKER TILLY US, LLP
Accountancy firm EIN	2023-12-31	301413443
2022 : TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$124,078,204
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$1,621,585
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-24,682,281
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$7,758,338
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$7,635,478
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$-848,402
Value of total assets at end of year	2022-12-31	$93,259,170
Value of total assets at beginning of year	2022-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$122,860
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$29,742
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$10,000,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$-848,402
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$431,465
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$1,501,530
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Administrative expenses (other) incurred	2022-12-31	$90,904
Liabilities. Value of operating payables at end of year	2022-12-31	$120,055
Liabilities. Value of operating payables at beginning of year	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$508
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-32,440,619
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$91,637,585
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$2,214
Value of interest in common/collective trusts at end of year	2022-12-31	$92,827,197
Value of interest in common/collective trusts at beginning of year	2022-12-31	$0
Net investment gain or loss from common/collective trusts	2022-12-31	$-23,833,879
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$7,635,478
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BAKER TILLY US, LLP
Accountancy firm EIN	2022-12-31	390859910

Form 5500 Responses for TROPICANA PRODUCTS DEFINED BENEFIT PLAN

2023: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: TROPICANA PRODUCTS DEFINED BENEFIT PLAN 2022 form 5500 responses
2022-01-24	Type of plan entity	Single employer plan
2022-01-24	First time form 5500 has been submitted	Yes
2022-01-24	Submission has been amended	No
2022-01-24	This submission is the final filing	No
2022-01-24	This return/report is a short plan year return/report (less than 12 months)	Yes
2022-01-24	Plan is a collectively bargained plan	Yes
2022-01-24	Plan funding arrangement – Trust	Yes
2022-01-24	Plan benefit arrangement - Trust	Yes

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Company Name:	TROPICANA PRODUCTS, INC.
Employer identification number (EIN):	133346705
NAIC Classification:	311400
NAIC Description:	Fruit and Vegetable Preserving and Specialty Food Manufacturing