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SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameSAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • 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

SOUTHERN AGRICULTURAL INSECTICIDES, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN AGRICULTURAL INSECTICIDES, INC.
Employer identification number (EIN):590568648
NAIC Classification:424910
NAIC Description:Farm Supplies Merchant Wholesalers

Additional information about SOUTHERN AGRICULTURAL INSECTICIDES, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1947-02-21
Company Identification Number: 150172
Legal Registered Office Address: 7400 BAYSHORE RD

RUBONIA

34221

More information about SOUTHERN AGRICULTURAL INSECTICIDES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-04-01
0012021-04-01
0012020-04-01
0012019-04-01
0012018-04-01WILLIAM E. DIEM2019-09-13 WILLIAM E. DIEM2019-09-13
0012017-04-01WILLIAM E. DIEM2018-09-12 WILLIAM E. DIEM2018-09-12
0012016-04-01WILLIAM E. DIEM2017-09-21 WILLIAM E. DIEM2017-09-21
0012015-04-01WILLIAM E DIEM2016-10-03 WILLIAM E DIEM2016-10-03
0012014-04-01WILLIAM E DIEM2015-07-29 WILLIAM E DIEM2015-07-29
0012013-04-01WILLIAM E DIEM2014-09-26 WILLIAM E. DIEM2014-09-26
0012012-04-01WILLIAM E. DIEM2013-10-15
0012011-04-01WILLIAM DIEM2012-10-24
0012010-04-01WILLIAM E. DIEM2011-09-21

Plan Statistics for SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2022: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year2022-04-0188
Total number of active participants reported on line 7a of the Form 55002022-04-0182
Number of retired or separated participants receiving benefits2022-04-010
Number of other retired or separated participants entitled to future benefits2022-04-019
Total of all active and inactive participants2022-04-0191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-04-010
Total participants2022-04-0191
Number of participants with account balances2022-04-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-04-012
2021: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year2021-04-0192
Total number of active participants reported on line 7a of the Form 55002021-04-0181
Number of retired or separated participants receiving benefits2021-04-010
Number of other retired or separated participants entitled to future benefits2021-04-017
Total of all active and inactive participants2021-04-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-04-010
Total participants2021-04-0188
Number of participants with account balances2021-04-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-04-012
2020: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year2020-04-01103
Total number of active participants reported on line 7a of the Form 55002020-04-0187
Number of retired or separated participants receiving benefits2020-04-010
Number of other retired or separated participants entitled to future benefits2020-04-015
Total of all active and inactive participants2020-04-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-04-010
Total participants2020-04-0192
Number of participants with account balances2020-04-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-04-010
2019: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year2019-04-01113
Total number of active participants reported on line 7a of the Form 55002019-04-0180
Number of retired or separated participants receiving benefits2019-04-010
Number of other retired or separated participants entitled to future benefits2019-04-0123
Total of all active and inactive participants2019-04-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-04-010
Total participants2019-04-01103
Number of participants with account balances2019-04-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-04-010

Financial Data on SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2023 : SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2023 401k financial data
Transfers to/from the plan2023-03-31$0
Total plan liabilities at end of year2023-03-31$0
Total plan liabilities at beginning of year2023-03-31$0
Total income from all sources2023-03-31$-86,202
Expenses. Total of all expenses incurred2023-03-31$1,123,682
Benefits paid (including direct rollovers)2023-03-31$1,099,145
Total plan assets at end of year2023-03-31$8,910,140
Total plan assets at beginning of year2023-03-31$10,120,024
Value of fidelity bond covering the plan2023-03-31$500,000
Assets. Value of tangible personal property2023-03-31$0
Total contributions received or receivable from participants2023-03-31$124,247
Assets. Value of loans (other than to participants)2023-03-31$0
Expenses. Other expenses not covered elsewhere2023-03-31$0
Contributions received from other sources (not participants or employers)2023-03-31$0
Other income received2023-03-31$-574,449
Noncash contributions received2023-03-31$0
Net income (gross income less expenses)2023-03-31$-1,209,884
Net plan assets at end of year (total assets less liabilities)2023-03-31$8,910,140
Net plan assets at beginning of year (total assets less liabilities)2023-03-31$10,120,024
Assets. Value of participant loans2023-03-31$339,202
Assets. Value of assets in partnership/joint-venture interests2023-03-31$0
Assets. Value of real-estate (other than employer real property)2023-03-31$0
Assets. Value of employer securities2023-03-31$0
Assets. Value of employer real property2023-03-31$0
Total contributions received or receivable from employer(s)2023-03-31$364,000
Value of certain deemed distributions of participant loans2023-03-31$1,537
Value of corrective distributions2023-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-03-31$23,000
2022 : SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Transfers to/from the plan2022-03-31$0
Total plan liabilities at end of year2022-03-31$0
Total plan liabilities at beginning of year2022-03-31$0
Total income from all sources2022-03-31$759,248
Expenses. Total of all expenses incurred2022-03-31$247,159
Benefits paid (including direct rollovers)2022-03-31$210,311
Total plan assets at end of year2022-03-31$10,120,024
Total plan assets at beginning of year2022-03-31$9,607,935
Value of fidelity bond covering the plan2022-03-31$500,000
Assets. Value of tangible personal property2022-03-31$0
Total contributions received or receivable from participants2022-03-31$155,893
Assets. Value of loans (other than to participants)2022-03-31$0
Expenses. Other expenses not covered elsewhere2022-03-31$0
Contributions received from other sources (not participants or employers)2022-03-31$0
Other income received2022-03-31$271,355
Noncash contributions received2022-03-31$0
Net income (gross income less expenses)2022-03-31$512,089
Net plan assets at end of year (total assets less liabilities)2022-03-31$10,120,024
Net plan assets at beginning of year (total assets less liabilities)2022-03-31$9,607,935
Assets. Value of participant loans2022-03-31$265,839
Assets. Value of assets in partnership/joint-venture interests2022-03-31$0
Assets. Value of real-estate (other than employer real property)2022-03-31$0
Assets. Value of employer securities2022-03-31$0
Assets. Value of employer real property2022-03-31$0
Total contributions received or receivable from employer(s)2022-03-31$332,000
Value of certain deemed distributions of participant loans2022-03-31$13,043
Value of corrective distributions2022-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-03-31$23,805
2021 : SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan2021-03-31$0
Total plan liabilities at end of year2021-03-31$0
Total plan liabilities at beginning of year2021-03-31$0
Total income from all sources2021-03-31$2,597,293
Expenses. Total of all expenses incurred2021-03-31$546,456
Benefits paid (including direct rollovers)2021-03-31$513,485
Total plan assets at end of year2021-03-31$9,607,935
Total plan assets at beginning of year2021-03-31$7,557,098
Value of fidelity bond covering the plan2021-03-31$500,000
Total contributions received or receivable from participants2021-03-31$120,877
Expenses. Other expenses not covered elsewhere2021-03-31$0
Contributions received from other sources (not participants or employers)2021-03-31$1,122
Other income received2021-03-31$2,143,294
Noncash contributions received2021-03-31$0
Net income (gross income less expenses)2021-03-31$2,050,837
Net plan assets at end of year (total assets less liabilities)2021-03-31$9,607,935
Net plan assets at beginning of year (total assets less liabilities)2021-03-31$7,557,098
Assets. Value of participant loans2021-03-31$302,612
Total contributions received or receivable from employer(s)2021-03-31$332,000
Value of certain deemed distributions of participant loans2021-03-31$13,943
Value of corrective distributions2021-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-03-31$19,028
2020 : SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 401k financial data
Transfers to/from the plan2020-03-31$0
Total plan liabilities at end of year2020-03-31$0
Total plan liabilities at beginning of year2020-03-31$0
Total income from all sources2020-03-31$357,887
Expenses. Total of all expenses incurred2020-03-31$994,903
Benefits paid (including direct rollovers)2020-03-31$940,950
Total plan assets at end of year2020-03-31$7,557,098
Total plan assets at beginning of year2020-03-31$8,194,114
Value of fidelity bond covering the plan2020-03-31$500,000
Assets. Value of tangible personal property2020-03-31$0
Total contributions received or receivable from participants2020-03-31$125,890
Assets. Value of loans (other than to participants)2020-03-31$0
Expenses. Other expenses not covered elsewhere2020-03-31$0
Contributions received from other sources (not participants or employers)2020-03-31$92,940
Other income received2020-03-31$-166,346
Noncash contributions received2020-03-31$0
Net income (gross income less expenses)2020-03-31$-637,016
Net plan assets at end of year (total assets less liabilities)2020-03-31$7,557,098
Net plan assets at beginning of year (total assets less liabilities)2020-03-31$8,194,114
Assets. Value of participant loans2020-03-31$423,721
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2020-03-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-03-31$0
Assets. Value of assets in partnership/joint-venture interests2020-03-31$0
Assets. Value of real-estate (other than employer real property)2020-03-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-03-31$0
Assets. Value of employer securities2020-03-31$0
Assets. Value of employer real property2020-03-31$0
Total contributions received or receivable from employer(s)2020-03-31$305,403
Value of certain deemed distributions of participant loans2020-03-31$0
Value of corrective distributions2020-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-03-31$53,953

Form 5500 Responses for SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST

2022: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2022 form 5500 responses
2022-04-01Type of plan entitySingle employer plan
2022-04-01This submission is the final filingNo
2022-04-01Plan is a collectively bargained planNo
2022-04-01Plan funding arrangement – TrustYes
2022-04-01Plan benefit arrangement - TrustYes
2021: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01This submission is the final filingNo
2021-04-01Plan is a collectively bargained planNo
2021-04-01Plan funding arrangement – TrustYes
2021-04-01Plan benefit arrangement - TrustYes
2020: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2020 form 5500 responses
2020-04-01Type of plan entitySingle employer plan
2020-04-01This submission is the final filingNo
2020-04-01Plan is a collectively bargained planNo
2020-04-01Plan funding arrangement – TrustYes
2020-04-01Plan benefit arrangement - TrustYes
2019: SAI, INC. 401(K) PROFIT SHARING PLAN AND TRUST 2019 form 5500 responses
2019-04-01Type of plan entitySingle employer plan
2019-04-01This submission is the final filingNo
2019-04-01This return/report is a short plan year return/report (less than 12 months)No
2019-04-01Plan funding arrangement – TrustYes
2019-04-01Plan benefit arrangement - TrustYes

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