401k Plan data: PARK FARMING ORGANICS 401(K) PLAN plan

PARK FARMING ORGANICS 401(K) PLAN 401k Plan overview

Plan Name	PARK FARMING ORGANICS 401(K) PLAN
Plan identification number	002

PARK FARMING ORGANICS 401(K) PLAN Benefits

401k Plan Type

Defined 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
Plan covering Self-Employed individuals.
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

PARK FARMING ORGANICS has sponsored the creation of one or more 401k plans.

Company Name: PARK FARMING ORGANICS

Employer identification number (EIN): 854345190

NAIC Classification: 111100
NAIC Description: Oilseed and Grain Farming

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARK FARMING ORGANICS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 ULLA PARK 2024-07-25 ULLA PARK 2024-07-25
002 2022-01-01 BRIAN PARK 2023-06-19 BRIAN PARK 2023-06-19
002 2021-01-01 ULLA PARK 2022-07-03 ULLA PARK 2022-07-03

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	ULLA PARK	2024-07-25	ULLA PARK	2024-07-25
002	2022-01-01	BRIAN PARK	2023-06-19	BRIAN PARK	2023-06-19
002	2021-01-01	ULLA PARK	2022-07-03	ULLA PARK	2022-07-03

Plan Statistics for PARK FARMING ORGANICS 401(K) PLAN

401k plan membership statisitcs for PARK FARMING ORGANICS 401(K) PLAN

Measure Date Value
2023: PARK FARMING ORGANICS 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 19
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 3
Total of all active and inactive participants 2023-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 22
Number of participants with account balances 2023-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: PARK FARMING ORGANICS 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 16
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 2
Total of all active and inactive participants 2022-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 18
Number of participants with account balances 2022-01-01 18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: PARK FARMING ORGANICS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 16
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 19
Number of participants with account balances 2021-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2023: PARK FARMING ORGANICS 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	19
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	3
Total of all active and inactive participants	2023-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	22
Number of participants with account balances	2023-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: PARK FARMING ORGANICS 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	16
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	2
Total of all active and inactive participants	2022-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	18
Number of participants with account balances	2022-01-01	18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: PARK FARMING ORGANICS 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	16
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	19
Number of participants with account balances	2021-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

Financial Data on PARK FARMING ORGANICS 401(K) PLAN

Measure	Date	Value
2023 : PARK FARMING ORGANICS 401(K) PLAN 2023 401k financial data
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$142,272
Expenses. Total of all expenses incurred	2023-12-31	$492,045
Benefits paid (including direct rollovers)	2023-12-31	$480,131
Total plan assets at end of year	2023-12-31	$1,572,083
Total plan assets at beginning of year	2023-12-31	$1,921,856
Value of fidelity bond covering the plan	2023-12-31	$300,000
Assets. Value of tangible personal property	2023-12-31	$36,023
Other income received	2023-12-31	$118,146
Net income (gross income less expenses)	2023-12-31	$-349,773
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$1,572,083
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$1,921,856
Total contributions received or receivable from employer(s)	2023-12-31	$24,126
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$11,914
2022 : PARK FARMING ORGANICS 401(K) PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$125
Total income from all sources	2022-12-31	$-104,333
Expenses. Total of all expenses incurred	2022-12-31	$204,067
Benefits paid (including direct rollovers)	2022-12-31	$188,936
Total plan assets at end of year	2022-12-31	$1,921,856
Total plan assets at beginning of year	2022-12-31	$2,230,381
Value of fidelity bond covering the plan	2022-12-31	$300,000
Assets. Value of tangible personal property	2022-12-31	$40,995
Total contributions received or receivable from participants	2022-12-31	$41,000
Other income received	2022-12-31	$-172,984
Net income (gross income less expenses)	2022-12-31	$-308,400
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,921,856
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$2,230,256
Total contributions received or receivable from employer(s)	2022-12-31	$27,651
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$15,131
2021 : PARK FARMING ORGANICS 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$125
Total plan liabilities at beginning of year	2021-12-31	$375
Total income from all sources	2021-12-31	$232,521
Expenses. Total of all expenses incurred	2021-12-31	$815,679
Benefits paid (including direct rollovers)	2021-12-31	$802,159
Total plan assets at end of year	2021-12-31	$2,230,381
Total plan assets at beginning of year	2021-12-31	$2,813,789
Value of fidelity bond covering the plan	2021-12-31	$300,000
Assets. Value of tangible personal property	2021-12-31	$50,000
Total contributions received or receivable from participants	2021-12-31	$39,000
Other income received	2021-12-31	$171,357
Net income (gross income less expenses)	2021-12-31	$-583,158
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$2,230,256
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$2,813,414
Total contributions received or receivable from employer(s)	2021-12-31	$22,164
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$13,520
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0

Form 5500 Responses for PARK FARMING ORGANICS 401(K) PLAN

2023: PARK FARMING ORGANICS 401(K) 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	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: PARK FARMING ORGANICS 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PARK FARMING ORGANICS 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PARK FARMING ORGANICS
Employer identification number (EIN):	854345190
NAIC Classification:	111100
NAIC Description:	Oilseed and Grain Farming