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NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

NEW ENGLAND DISCOUNT RETAILERS, INC has sponsored the creation of one or more 401k plans.

Company Name:NEW ENGLAND DISCOUNT RETAILERS, INC
Employer identification number (EIN):043490470
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-12-27OLGA LIAUCHUK2023-10-10
0022021-09-27OLGA LIAUCHUK2022-10-04
0022020-09-28OLGA LIAUCHUK2022-04-13
0022019-09-30

Plan Statistics for NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2021: NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-12-2766
Total number of active participants reported on line 7a of the Form 55002021-12-2745
Number of retired or separated participants receiving benefits2021-12-270
Number of other retired or separated participants entitled to future benefits2021-12-278
Total of all active and inactive participants2021-12-2753
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-12-270
Total participants2021-12-2753
Number of participants with account balances2021-12-2751
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-12-278
Total participants, beginning-of-year2021-09-2763
Total number of active participants reported on line 7a of the Form 55002021-09-2747
Number of retired or separated participants receiving benefits2021-09-270
Number of other retired or separated participants entitled to future benefits2021-09-2713
Total of all active and inactive participants2021-09-2760
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-09-270
Total participants2021-09-2760
Number of participants with account balances2021-09-2759
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-09-276
2020: NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-09-2883
Total number of active participants reported on line 7a of the Form 55002020-09-2858
Number of retired or separated participants receiving benefits2020-09-280
Number of other retired or separated participants entitled to future benefits2020-09-287
Total of all active and inactive participants2020-09-2865
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-09-280
Total participants2020-09-2865
Number of participants with account balances2020-09-2859
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-09-2814

Financial Data on NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-25$0
Total plan liabilities at end of year2022-12-25$10,867,162
Total plan liabilities at beginning of year2022-12-25$10,995,688
Total income from all sources2022-12-25$-143,462
Expenses. Total of all expenses incurred2022-12-25$246,412
Benefits paid (including direct rollovers)2022-12-25$8,904
Total plan assets at end of year2022-12-25$2,152,000
Total plan assets at beginning of year2022-12-25$2,670,400
Value of fidelity bond covering the plan2022-12-25$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-25$237,508
Other income received2022-12-25$-518,399
Net income (gross income less expenses)2022-12-25$-389,874
Net plan assets at end of year (total assets less liabilities)2022-12-25$-8,715,162
Net plan assets at beginning of year (total assets less liabilities)2022-12-25$-8,325,288
Assets. Value of employer securities2022-12-25$2,152,000
Total contributions received or receivable from employer(s)2022-12-25$374,937
2021 : NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-26$10,995,688
Total plan liabilities at beginning of year2021-12-26$11,313,995
Total income from all sources2021-12-26$1,178,417
Expenses. Total of all expenses incurred2021-12-26$47,714
Total plan assets at end of year2021-12-26$2,670,400
Total plan assets at beginning of year2021-12-26$1,858,004
Value of fidelity bond covering the plan2021-12-26$1,000,000
Expenses. Other expenses not covered elsewhere2021-12-26$47,714
Other income received2021-12-26$1,070,413
Net income (gross income less expenses)2021-12-26$1,130,703
Net plan assets at end of year (total assets less liabilities)2021-12-26$-8,325,288
Net plan assets at beginning of year (total assets less liabilities)2021-12-26$-9,455,991
Assets. Value of employer securities2021-12-26$2,670,400
Total contributions received or receivable from employer(s)2021-12-26$108,004
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-26$0
Total plan liabilities at end of year2021-09-26$11,313,995
Total plan liabilities at beginning of year2021-09-26$0
Total income from all sources2021-09-26$-9,891,996
Expenses. Total of all expenses incurred2021-09-26$113,995
Total plan assets at end of year2021-09-26$1,858,004
Total plan assets at beginning of year2021-09-26$550,000
Value of fidelity bond covering the plan2021-09-26$1,000,000
Expenses. Other expenses not covered elsewhere2021-09-26$113,995
Other income received2021-09-26$-10,149,996
Net income (gross income less expenses)2021-09-26$-10,005,991
Net plan assets at end of year (total assets less liabilities)2021-09-26$-9,455,991
Net plan assets at beginning of year (total assets less liabilities)2021-09-26$550,000
Assets. Value of employer securities2021-09-26$1,600,000
Total contributions received or receivable from employer(s)2021-09-26$258,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-09-26$0

Form 5500 Responses for NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2021: NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-12-27Type of plan entitySingle employer plan
2021-12-27Submission has been amendedNo
2021-12-27This submission is the final filingNo
2021-12-27This return/report is a short plan year return/report (less than 12 months)Yes
2021-12-27Plan is a collectively bargained planNo
2021-12-27Plan funding arrangement – TrustYes
2021-12-27Plan benefit arrangement - TrustYes
2021-09-27Type of plan entitySingle employer plan
2021-09-27Submission has been amendedNo
2021-09-27This submission is the final filingNo
2021-09-27This return/report is a short plan year return/report (less than 12 months)Yes
2021-09-27Plan is a collectively bargained planNo
2021-09-27Plan funding arrangement – TrustYes
2021-09-27Plan benefit arrangement - TrustYes
2020: NEW ENGLAND DISCOUNT RETAILERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-09-28Type of plan entitySingle employer plan
2020-09-28Submission has been amendedNo
2020-09-28This submission is the final filingNo
2020-09-28This return/report is a short plan year return/report (less than 12 months)Yes
2020-09-28Plan is a collectively bargained planNo
2020-09-28Plan funding arrangement – TrustYes
2020-09-28Plan benefit arrangement - TrustYes

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