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BI-RITE MARKET 18TH ST. RETIREMENT PLAN 401k Plan overview

Plan NameBI-RITE MARKET 18TH ST. RETIREMENT PLAN
Plan identification number 001

BI-RITE MARKET 18TH ST. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

BI-RITE MARKET INC. has sponsored the creation of one or more 401k plans.

Company Name:BI-RITE MARKET INC.
Employer identification number (EIN):203183322
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Additional information about BI-RITE MARKET INC.

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 2005-03-09
Company Identification Number: C2725944
Legal Registered Office Address: 3639 18th St

San Francisco
United States of America (USA)
94110

More information about BI-RITE MARKET INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BI-RITE MARKET 18TH ST. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01JEFFREY GRIFFIN
0012016-01-01JEFFREY GRIFFIN
0012015-01-01JEFFREY GRIFFIN
0012014-01-01PAULA BRANNON
0012013-01-01OSAMA MOGANNAM2014-10-15
0012012-01-01OSAMA MOGANNAM2013-10-14
0012011-01-01ALAN D. KRUEGER2012-10-11
0012010-01-01ALAN D. KRUEGER2011-10-10

Plan Statistics for BI-RITE MARKET 18TH ST. RETIREMENT PLAN

401k plan membership statisitcs for BI-RITE MARKET 18TH ST. RETIREMENT PLAN

Measure Date Value
2017: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01141
Total number of active participants reported on line 7a of the Form 55002017-01-01188
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01144
Total of all active and inactive participants2017-01-01332
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01332
Number of participants with account balances2017-01-01289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0118
2016: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01135
Total number of active participants reported on line 7a of the Form 55002016-01-0166
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0175
Total of all active and inactive participants2016-01-01141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01141
Number of participants with account balances2016-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0120
2015: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01123
Total number of active participants reported on line 7a of the Form 55002015-01-0170
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0165
Total of all active and inactive participants2015-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01135
Number of participants with account balances2015-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0119
2014: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01118
Total number of active participants reported on line 7a of the Form 55002014-01-0170
Number of other retired or separated participants entitled to future benefits2014-01-0153
Total of all active and inactive participants2014-01-01123
Total participants2014-01-01123
Number of participants with account balances2014-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0113

Financial Data on BI-RITE MARKET 18TH ST. RETIREMENT PLAN

Measure Date Value
2017 : BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$3,330,568
Total income from all sources (including contributions)2017-12-31$1,144,798
Total of all expenses incurred2017-12-31$188,149
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$186,074
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$588,784
Value of total assets at end of year2017-12-31$7,404,082
Value of total assets at beginning of year2017-12-31$3,116,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,075
Total interest from all sources2017-12-31$1,107
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$2,075
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$400,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$249,194
Participant contributions at end of year2017-12-31$102,077
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$129,821
Total non interest bearing cash at end of year2017-12-31$7,554
Total non interest bearing cash at beginning of year2017-12-31$7,970
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$956,649
Value of net assets at end of year (total assets less liabilities)2017-12-31$7,404,082
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,116,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$7,294,451
Value of interest in pooled separate accounts at beginning of year2017-12-31$3,108,895
Interest on participant loans2017-12-31$1,107
Net investment gain/loss from pooled separate accounts2017-12-31$554,907
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$209,769
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$186,074
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31JOHANSON & YAU ACCOUNTANCY CORP.
Accountancy firm EIN2017-12-31942702860
2016 : BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$770,947
Total of all expenses incurred2016-12-31$185,349
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$184,449
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$544,287
Value of total assets at end of year2016-12-31$3,116,865
Value of total assets at beginning of year2016-12-31$2,531,267
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$900
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$900
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$300,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$223,743
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$96,839
Total non interest bearing cash at end of year2016-12-31$7,970
Total non interest bearing cash at beginning of year2016-12-31$385
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$585,598
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,116,865
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,531,267
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$3,108,895
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,530,882
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$226,660
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$223,705
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$184,449
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31DAVID J CORMIA, CPA
Accountancy firm EIN2016-12-31208298840
2015 : BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2015 401k financial data
Total transfer of assets from this plan2015-12-31$36,460
Total income from all sources (including contributions)2015-12-31$510,936
Total of all expenses incurred2015-12-31$105,749
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$105,749
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$566,707
Value of total assets at end of year2015-12-31$2,531,267
Value of total assets at beginning of year2015-12-31$2,162,540
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$300,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$238,665
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$129,320
Total non interest bearing cash at end of year2015-12-31$385
Total non interest bearing cash at beginning of year2015-12-31$5,284
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$405,187
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,531,267
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,162,540
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$2,530,882
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,157,256
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-55,771
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$198,722
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$105,749
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31DAVID J. CORMIA, CPA
Accountancy firm EIN2015-12-31208298840
2014 : BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$298,814
Total of all expenses incurred2014-12-31$583,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$583,129
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$165,727
Value of total assets at end of year2014-12-31$2,162,540
Value of total assets at beginning of year2014-12-31$2,446,855
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$150,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$159,909
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$5,818
Total non interest bearing cash at end of year2014-12-31$5,284
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-284,315
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,162,540
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$2,446,855
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,157,256
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,446,855
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$133,087
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$583,129
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31DAVID J. CORMIA, CPA
Accountancy firm EIN2014-12-31208298840

Form 5500 Responses for BI-RITE MARKET 18TH ST. RETIREMENT PLAN

2017: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BI-RITE MARKET 18TH ST. RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number102342
Policy instance 1
Insurance contract or identification number102342
Number of Individuals Covered296
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $10,666
Total amount of fees paid to insurance companyUSD $2,167
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $8,854
Amount paid for insurance broker fees92
Additional information about fees paid to insurance brokerBROKER COMMISSIONS AND FEES
Insurance broker organization code?3
Insurance broker namePLAN DESIGN CONSULTANTS, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number102342
Policy instance 1
Insurance contract or identification number102342
Number of Individuals Covered130
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $5,728
Total amount of fees paid to insurance companyUSD $1,128
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5,620
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?6
Amount paid for insurance broker fees1128
Insurance broker nameMORGAN STANLEY SMITH BARNEY
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number65838
Policy instance 1
Insurance contract or identification number65838
Number of Individuals Covered118
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $5,950
Total amount of fees paid to insurance companyUSD $108
Commission paid to Insurance BrokerUSD $5,950
Insurance broker organization code?4
Amount paid for insurance broker fees108
Insurance broker nameMORGAN STANLEY SMITH BARNEY

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