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US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II 401k Plan overview

Plan NameUS FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II
Plan identification number 112

US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II 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)
  • 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

US FOODS, INC has sponsored the creation of one or more 401k plans.

Company Name:US FOODS, INC
Employer identification number (EIN):363642294
NAIC Classification:424400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
1122020-01-01LAURA TRUAX2020-11-16
1122019-11-21

Plan Statistics for US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II

401k plan membership statisitcs for US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II

Measure Date Value
2019: US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II 2019 401k membership
Market value of plan assets2019-12-3127,867,458
Acturial value of plan assets2019-12-3127,867,458
Funding target for retired participants and beneficiaries receiving payment2019-12-315,336,459
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-3122,239,611
Number of active participants2019-12-312,910
Total funding liabilities for active participants2019-12-3122,239,611
Total participant count2019-12-313,492
Total funding target for all participants2019-12-3127,576,070
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-310
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-11-213,492
Total number of active participants reported on line 7a of the Form 55002019-11-218
Number of retired or separated participants receiving benefits2019-11-210
Number of other retired or separated participants entitled to future benefits2019-11-210
Total of all active and inactive participants2019-11-218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-11-210
Total participants2019-11-218
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-11-210

Financial Data on US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II

Measure Date Value
2019 : US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$28,143,875
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$27,527,900
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$27,527,900
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$615,975
Value of total assets at beginning of year2019-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$25,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$13,292,368
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$597,790
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-27,527,900
Value of net assets at end of year (total assets less liabilities)2019-12-31$615,975
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in master investment trust accounts at end of year2019-12-31$18,185
Value of interest in master investment trust accounts at beginning of year2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$14,235,532
Did the plan have assets held for investment2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PLANTE & MORAN, PLLC
Accountancy firm EIN2019-12-31381357951

Form 5500 Responses for US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II

2019: US FOODS CONSOLIDATED DEFINED BENEFIT RETIREMENT PLAN II 2019 form 5500 responses
2019-11-21Type of plan entitySingle employer plan
2019-11-21First time form 5500 has been submittedYes
2019-11-21Submission has been amendedNo
2019-11-21This submission is the final filingNo
2019-11-21This return/report is a short plan year return/report (less than 12 months)Yes
2019-11-21Plan is a collectively bargained planYes
2019-11-21Plan funding arrangement – TrustYes
2019-11-21Plan benefit arrangement - TrustYes

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