401k Plan data: TEA FARMS INC. 401(K) PLAN plan

TEA FARMS INC. 401(K) PLAN 401k Plan overview

Plan Name	TEA FARMS INC. 401(K) PLAN
Plan identification number	001

TEA FARMS INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

TEA FARMS INC. has sponsored the creation of one or more 401k plans.

Company Name: TEA FARMS INC.

Employer identification number (EIN): 814016041

NAIC Classification: 424500

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEA FARMS INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-07-01
001 2021-07-01
001 2020-07-01
001 2019-07-01
001 2018-07-01
001 2017-07-01 APRIL HOADLEY APRIL HOADLEY 2019-01-15
001 2016-09-27 APRIL HOADLEY APRIL HOADLEY 2018-04-14

Plan Statistics for TEA FARMS INC. 401(K) PLAN

401k plan membership statisitcs for TEA FARMS INC. 401(K) PLAN

Measure Date Value
2022: TEA FARMS INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2022-07-01 1
Number of retired or separated participants receiving benefits 2022-07-01 0
Number of other retired or separated participants entitled to future benefits 2022-07-01 0
Total of all active and inactive participants 2022-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-07-01 0
Total participants 2022-07-01 1
Number of participants with account balances 2022-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-07-01 0
2021: TEA FARMS INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2021-07-01 1
Number of retired or separated participants receiving benefits 2021-07-01 0
Number of other retired or separated participants entitled to future benefits 2021-07-01 0
Total of all active and inactive participants 2021-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-07-01 0
Total participants 2021-07-01 1
Number of participants with account balances 2021-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-07-01 0
2020: TEA FARMS INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2020-07-01 1
Number of retired or separated participants receiving benefits 2020-07-01 0
Number of other retired or separated participants entitled to future benefits 2020-07-01 0
Total of all active and inactive participants 2020-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-07-01 0
Total participants 2020-07-01 1
Number of participants with account balances 2020-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-07-01 0
2019: TEA FARMS INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2019-07-01 1
Number of retired or separated participants receiving benefits 2019-07-01 0
Number of other retired or separated participants entitled to future benefits 2019-07-01 0
Total of all active and inactive participants 2019-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-07-01 0
Total participants 2019-07-01 1
Number of participants with account balances 2019-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-07-01 0
2018: TEA FARMS INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2018-07-01 1
Number of retired or separated participants receiving benefits 2018-07-01 0
Number of other retired or separated participants entitled to future benefits 2018-07-01 0
Total of all active and inactive participants 2018-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-07-01 0
Total participants 2018-07-01 1
Number of participants with account balances 2018-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-07-01 0
2017: TEA FARMS INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-07-01 1
Total number of active participants reported on line 7a of the Form 5500 2017-07-01 1
Number of retired or separated participants receiving benefits 2017-07-01 0
Number of other retired or separated participants entitled to future benefits 2017-07-01 0
Total of all active and inactive participants 2017-07-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-07-01 0
Total participants 2017-07-01 1
Number of participants with account balances 2017-07-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-07-01 0
2016: TEA FARMS INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-09-27 0
Total number of active participants reported on line 7a of the Form 5500 2016-09-27 1
Number of retired or separated participants receiving benefits 2016-09-27 0
Number of other retired or separated participants entitled to future benefits 2016-09-27 0
Total of all active and inactive participants 2016-09-27 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-09-27 0
Total participants 2016-09-27 1
Number of participants with account balances 2016-09-27 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-09-27 0

Measure	Date	Value
2022: TEA FARMS INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2022-07-01	1
Number of retired or separated participants receiving benefits	2022-07-01	0
Number of other retired or separated participants entitled to future benefits	2022-07-01	0
Total of all active and inactive participants	2022-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-07-01	0
Total participants	2022-07-01	1
Number of participants with account balances	2022-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-07-01	0
2021: TEA FARMS INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2021-07-01	1
Number of retired or separated participants receiving benefits	2021-07-01	0
Number of other retired or separated participants entitled to future benefits	2021-07-01	0
Total of all active and inactive participants	2021-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-07-01	0
Total participants	2021-07-01	1
Number of participants with account balances	2021-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-07-01	0
2020: TEA FARMS INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2020-07-01	1
Number of retired or separated participants receiving benefits	2020-07-01	0
Number of other retired or separated participants entitled to future benefits	2020-07-01	0
Total of all active and inactive participants	2020-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-07-01	0
Total participants	2020-07-01	1
Number of participants with account balances	2020-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-07-01	0
2019: TEA FARMS INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2019-07-01	1
Number of retired or separated participants receiving benefits	2019-07-01	0
Number of other retired or separated participants entitled to future benefits	2019-07-01	0
Total of all active and inactive participants	2019-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-07-01	0
Total participants	2019-07-01	1
Number of participants with account balances	2019-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-07-01	0
2018: TEA FARMS INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2018-07-01	1
Number of retired or separated participants receiving benefits	2018-07-01	0
Number of other retired or separated participants entitled to future benefits	2018-07-01	0
Total of all active and inactive participants	2018-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-07-01	0
Total participants	2018-07-01	1
Number of participants with account balances	2018-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-07-01	0
2017: TEA FARMS INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-07-01	1
Total number of active participants reported on line 7a of the Form 5500	2017-07-01	1
Number of retired or separated participants receiving benefits	2017-07-01	0
Number of other retired or separated participants entitled to future benefits	2017-07-01	0
Total of all active and inactive participants	2017-07-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-07-01	0
Total participants	2017-07-01	1
Number of participants with account balances	2017-07-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-07-01	0
2016: TEA FARMS INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-09-27	0
Total number of active participants reported on line 7a of the Form 5500	2016-09-27	1
Number of retired or separated participants receiving benefits	2016-09-27	0
Number of other retired or separated participants entitled to future benefits	2016-09-27	0
Total of all active and inactive participants	2016-09-27	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-09-27	0
Total participants	2016-09-27	1
Number of participants with account balances	2016-09-27	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-09-27	0

Financial Data on TEA FARMS INC. 401(K) PLAN

Measure	Date	Value
2023 : TEA FARMS INC. 401(K) PLAN 2023 401k financial data
Total income from all sources	2023-06-30	$28,016
Expenses. Total of all expenses incurred	2023-06-30	$0
Total plan assets at end of year	2023-06-30	$565,674
Total plan assets at beginning of year	2023-06-30	$537,658
Other income received	2023-06-30	$28,016
Net income (gross income less expenses)	2023-06-30	$28,016
Net plan assets at end of year (total assets less liabilities)	2023-06-30	$565,674
Net plan assets at beginning of year (total assets less liabilities)	2023-06-30	$537,658
Assets. Value of employer securities	2023-06-30	$565,674
2022 : TEA FARMS INC. 401(K) PLAN 2022 401k financial data
Total plan liabilities at beginning of year	2022-06-30	$0
Total income from all sources	2022-06-30	$73,517
Expenses. Total of all expenses incurred	2022-06-30	$0
Total plan assets at end of year	2022-06-30	$537,658
Total plan assets at beginning of year	2022-06-30	$464,141
Other income received	2022-06-30	$73,517
Net income (gross income less expenses)	2022-06-30	$73,517
Net plan assets at end of year (total assets less liabilities)	2022-06-30	$537,658
Net plan assets at beginning of year (total assets less liabilities)	2022-06-30	$464,141
Assets. Value of employer securities	2022-06-30	$537,658
2021 : TEA FARMS INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-06-30	$0
Total plan liabilities at end of year	2021-06-30	$0
Total plan liabilities at beginning of year	2021-06-30	$0
Total income from all sources	2021-06-30	$-451,338
Expenses. Total of all expenses incurred	2021-06-30	$0
Benefits paid (including direct rollovers)	2021-06-30	$0
Total plan assets at end of year	2021-06-30	$464,141
Total plan assets at beginning of year	2021-06-30	$915,479
Total contributions received or receivable from participants	2021-06-30	$0
Expenses. Other expenses not covered elsewhere	2021-06-30	$0
Contributions received from other sources (not participants or employers)	2021-06-30	$0
Other income received	2021-06-30	$-451,338
Noncash contributions received	2021-06-30	$0
Net income (gross income less expenses)	2021-06-30	$-451,338
Net plan assets at end of year (total assets less liabilities)	2021-06-30	$464,141
Net plan assets at beginning of year (total assets less liabilities)	2021-06-30	$915,479
Assets. Value of employer securities	2021-06-30	$464,141
Total contributions received or receivable from employer(s)	2021-06-30	$0
Value of certain deemed distributions of participant loans	2021-06-30	$0
Value of corrective distributions	2021-06-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-06-30	$0
2020 : TEA FARMS INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-06-30	$0
Total plan liabilities at end of year	2020-06-30	$0
Total plan liabilities at beginning of year	2020-06-30	$0
Total income from all sources	2020-06-30	$456,699
Expenses. Total of all expenses incurred	2020-06-30	$0
Benefits paid (including direct rollovers)	2020-06-30	$0
Total plan assets at end of year	2020-06-30	$915,479
Total plan assets at beginning of year	2020-06-30	$458,780
Total contributions received or receivable from participants	2020-06-30	$0
Expenses. Other expenses not covered elsewhere	2020-06-30	$0
Contributions received from other sources (not participants or employers)	2020-06-30	$0
Other income received	2020-06-30	$456,699
Noncash contributions received	2020-06-30	$0
Net income (gross income less expenses)	2020-06-30	$456,699
Net plan assets at end of year (total assets less liabilities)	2020-06-30	$915,479
Net plan assets at beginning of year (total assets less liabilities)	2020-06-30	$458,780
Assets. Value of employer securities	2020-06-30	$915,479
Total contributions received or receivable from employer(s)	2020-06-30	$0
Value of certain deemed distributions of participant loans	2020-06-30	$0
Value of corrective distributions	2020-06-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-06-30	$0
2019 : TEA FARMS INC. 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-06-30	$238,589
Expenses. Total of all expenses incurred	2019-06-30	$0
Benefits paid (including direct rollovers)	2019-06-30	$0
Total plan assets at end of year	2019-06-30	$458,780
Total plan assets at beginning of year	2019-06-30	$220,191
Total contributions received or receivable from participants	2019-06-30	$0
Expenses. Other expenses not covered elsewhere	2019-06-30	$0
Contributions received from other sources (not participants or employers)	2019-06-30	$0
Other income received	2019-06-30	$238,589
Noncash contributions received	2019-06-30	$0
Net income (gross income less expenses)	2019-06-30	$238,589
Net plan assets at end of year (total assets less liabilities)	2019-06-30	$458,780
Net plan assets at beginning of year (total assets less liabilities)	2019-06-30	$220,191
Assets. Value of employer securities	2019-06-30	$458,780
Total contributions received or receivable from employer(s)	2019-06-30	$0
Value of certain deemed distributions of participant loans	2019-06-30	$0
Value of corrective distributions	2019-06-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-06-30	$0
2018 : TEA FARMS INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-06-30	$0
Total plan liabilities at end of year	2018-06-30	$0
Total plan liabilities at beginning of year	2018-06-30	$0
Total income from all sources	2018-06-30	$21,762
Expenses. Total of all expenses incurred	2018-06-30	$0
Benefits paid (including direct rollovers)	2018-06-30	$0
Total plan assets at end of year	2018-06-30	$220,191
Total plan assets at beginning of year	2018-06-30	$198,429
Total contributions received or receivable from participants	2018-06-30	$0
Expenses. Other expenses not covered elsewhere	2018-06-30	$0
Contributions received from other sources (not participants or employers)	2018-06-30	$0
Other income received	2018-06-30	$21,762
Noncash contributions received	2018-06-30	$0
Net income (gross income less expenses)	2018-06-30	$21,762
Net plan assets at end of year (total assets less liabilities)	2018-06-30	$220,191
Net plan assets at beginning of year (total assets less liabilities)	2018-06-30	$198,429
Assets. Value of employer securities	2018-06-30	$220,191
Total contributions received or receivable from employer(s)	2018-06-30	$0
Value of certain deemed distributions of participant loans	2018-06-30	$0
Value of corrective distributions	2018-06-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-06-30	$0
2017 : TEA FARMS INC. 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-06-30	$0
Total plan liabilities at beginning of year	2017-06-30	$0
Total income from all sources	2017-06-30	$198,429
Expenses. Total of all expenses incurred	2017-06-30	$0
Benefits paid (including direct rollovers)	2017-06-30	$0
Total plan assets at end of year	2017-06-30	$198,429
Total plan assets at beginning of year	2017-06-30	$0
Total contributions received or receivable from participants	2017-06-30	$0
Expenses. Other expenses not covered elsewhere	2017-06-30	$0
Contributions received from other sources (not participants or employers)	2017-06-30	$215,657
Other income received	2017-06-30	$-17,228
Noncash contributions received	2017-06-30	$0
Net income (gross income less expenses)	2017-06-30	$198,429
Net plan assets at end of year (total assets less liabilities)	2017-06-30	$198,429
Net plan assets at beginning of year (total assets less liabilities)	2017-06-30	$0
Assets. Value of employer securities	2017-06-30	$198,429
Total contributions received or receivable from employer(s)	2017-06-30	$0
Value of certain deemed distributions of participant loans	2017-06-30	$0
Value of corrective distributions	2017-06-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2017-06-30	$0

Form 5500 Responses for TEA FARMS INC. 401(K) PLAN

2022: TEA FARMS INC. 401(K) PLAN 2022 form 5500 responses
2022-07-01	Type of plan entity	Single employer plan
2022-07-01	Submission has been amended	No
2022-07-01	This submission is the final filing	No
2022-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-07-01	Plan is a collectively bargained plan	No
2022-07-01	Plan funding arrangement – Trust	Yes
2022-07-01	Plan benefit arrangement - Trust	Yes
2021: TEA FARMS INC. 401(K) PLAN 2021 form 5500 responses
2021-07-01	Type of plan entity	Single employer plan
2021-07-01	Submission has been amended	No
2021-07-01	This submission is the final filing	No
2021-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-07-01	Plan is a collectively bargained plan	No
2021-07-01	Plan funding arrangement – Trust	Yes
2021-07-01	Plan benefit arrangement - Trust	Yes
2020: TEA FARMS INC. 401(K) PLAN 2020 form 5500 responses
2020-07-01	Type of plan entity	Single employer plan
2020-07-01	Submission has been amended	No
2020-07-01	This submission is the final filing	No
2020-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-07-01	Plan is a collectively bargained plan	No
2020-07-01	Plan funding arrangement – Trust	Yes
2020-07-01	Plan benefit arrangement - Trust	Yes
2019: TEA FARMS INC. 401(K) PLAN 2019 form 5500 responses
2019-07-01	Type of plan entity	Single employer plan
2019-07-01	Submission has been amended	No
2019-07-01	This submission is the final filing	No
2019-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-07-01	Plan is a collectively bargained plan	No
2019-07-01	Plan funding arrangement – Trust	Yes
2019-07-01	Plan benefit arrangement - Trust	Yes
2018: TEA FARMS INC. 401(K) PLAN 2018 form 5500 responses
2018-07-01	Type of plan entity	Single employer plan
2018-07-01	Submission has been amended	No
2018-07-01	This submission is the final filing	No
2018-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-07-01	Plan is a collectively bargained plan	No
2018-07-01	Plan funding arrangement – Trust	Yes
2018-07-01	Plan benefit arrangement - Trust	Yes
2017: TEA FARMS INC. 401(K) PLAN 2017 form 5500 responses
2017-07-01	Type of plan entity	Single employer plan
2017-07-01	Submission has been amended	No
2017-07-01	This submission is the final filing	No
2017-07-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-07-01	Plan is a collectively bargained plan	No
2017-07-01	Plan funding arrangement – Trust	Yes
2017-07-01	Plan benefit arrangement - Trust	Yes
2016: TEA FARMS INC. 401(K) PLAN 2016 form 5500 responses
2016-09-27	Type of plan entity	Single employer plan
2016-09-27	First time form 5500 has been submitted	Yes
2016-09-27	Submission has been amended	No
2016-09-27	This submission is the final filing	No
2016-09-27	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-09-27	Plan is a collectively bargained plan	No
2016-09-27	Plan funding arrangement – Trust	Yes
2016-09-27	Plan benefit arrangement - Trust	Yes

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Company Name:	TEA FARMS INC.
Employer identification number (EIN):	814016041
NAIC Classification:	424500