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CLOUGHERTY PACKING, LLC 401(K) PLAN 401k Plan overview

Plan NameCLOUGHERTY PACKING, LLC 401(K) PLAN
Plan identification number 002

CLOUGHERTY PACKING, LLC 401(K) PLAN 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:SMITHFIELD FOODS, INC.
Employer identification number (EIN):134103752

Additional information about SMITHFIELD FOODS, INC.

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1997-07-25
Company Identification Number: 0488419
Legal Registered Office Address: 200 COMMERCE ST.

SMITHFIELD
United States of America (USA)
23430

More information about SMITHFIELD FOODS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CLOUGHERTY PACKING, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-10-26HOPE REILLY
0022016-10-26HOPE REILLY HOPE REILLY2018-08-14

Plan Statistics for CLOUGHERTY PACKING, LLC 401(K) PLAN

401k plan membership statisitcs for CLOUGHERTY PACKING, LLC 401(K) PLAN

Measure Date Value
2017: CLOUGHERTY PACKING, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-10-26750
Total number of active participants reported on line 7a of the Form 55002017-10-260
Number of retired or separated participants receiving benefits2017-10-260
Number of other retired or separated participants entitled to future benefits2017-10-260
Total of all active and inactive participants2017-10-260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-10-260
Total participants2017-10-260
Number of participants with account balances2017-10-260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-10-2669
2016: CLOUGHERTY PACKING, LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-10-26738
Total number of active participants reported on line 7a of the Form 55002016-10-26673
Number of retired or separated participants receiving benefits2016-10-266
Number of other retired or separated participants entitled to future benefits2016-10-2670
Total of all active and inactive participants2016-10-26749
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-261
Total participants2016-10-26750
Number of participants with account balances2016-10-26709
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-2663

Financial Data on CLOUGHERTY PACKING, LLC 401(K) PLAN

Measure Date Value
2017 : CLOUGHERTY PACKING, LLC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-29$0
Total transfer of assets from this plan2017-12-29$39,670,222
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-29$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-29$0
Total income from all sources (including contributions)2017-12-29$2,048,245
Total loss/gain on sale of assets2017-12-29$0
Total of all expenses incurred2017-12-29$843,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-29$763,860
Value of total corrective distributions2017-12-29$76,935
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-29$460,143
Value of total assets at end of year2017-12-29$0
Value of total assets at beginning of year2017-12-29$38,465,873
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-29$3,101
Total interest from all sources2017-12-29$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-29$396,031
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-29Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-29$0
Total dividends received from registered investment company shares (eg mutual funds)2017-12-29$396,031
Was this plan covered by a fidelity bond2017-12-29Yes
Value of fidelity bond cover2017-12-29$10,000,000
If this is an individual account plan, was there a blackout period2017-12-29No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-29$0
Were there any nonexempt tranactions with any party-in-interest2017-12-29No
Contributions received from participants2017-12-29$377,223
Participant contributions at beginning of year2017-12-29$588,968
Assets. Other investments not covered elsewhere at end of year2017-12-29$0
Assets. Other investments not covered elsewhere at beginning of year2017-12-29$368,251
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-29$0
Other income not declared elsewhere2017-12-29$1,349,152
Liabilities. Value of operating payables at beginning of year2017-12-29$0
Total non interest bearing cash at beginning of year2017-12-29$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-29No
Value of net income/loss2017-12-29$1,204,349
Value of net assets at end of year (total assets less liabilities)2017-12-29$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-29$38,465,873
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-29No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-29No
Were any leases to which the plan was party in default or uncollectible2017-12-29No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-29$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-29$6,034,189
Value of interest in pooled separate accounts at end of year2017-12-29$0
Value of interest in pooled separate accounts at beginning of year2017-12-29$8,887,890
Value of interest in common/collective trusts at beginning of year2017-12-29$19,210,595
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-29$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-29$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-29$-187,462
Net investment gain/loss from pooled separate accounts2017-12-29$30,381
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-29Yes
Was there a failure to transmit to the plan any participant contributions2017-12-29No
Has the plan failed to provide any benefit when due under the plan2017-12-29No
Assets. Invements in employer securities at beginning of year2017-12-29$3,312,633
Contributions received in cash from employer2017-12-29$82,920
Employer contributions (assets) at beginning of year2017-12-29$63,347
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-29$763,860
Contract administrator fees2017-12-29$3,101
Did the plan have assets held for investment2017-12-29No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-29No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-29Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-29Yes
Opinion of an independent qualified public accountant for this plan2017-12-29Disclaimer
Accountancy firm name2017-12-29KREISCHER MILLER
Accountancy firm EIN2017-12-29231980475
Unrealized appreciation/depreciation of other (non real estate) assets2017-10-25$-698,648
Total unrealized appreciation/depreciation of assets2017-10-25$-698,648
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-10-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-10-25$0
Total income from all sources (including contributions)2017-10-25$7,389,667
Total loss/gain on sale of assets2017-10-25$-28,241
Total of all expenses incurred2017-10-25$5,270,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-10-25$5,197,981
Value of total corrective distributions2017-10-25$50,467
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-10-25$4,080,737
Value of total assets at end of year2017-10-25$38,465,873
Value of total assets at beginning of year2017-10-25$36,346,225
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-10-25$21,571
Total interest from all sources2017-10-25$103,444
Total dividends received (eg from common stock, registered investment company shares)2017-10-25$322,632
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-10-25No
Total dividends received from registered investment company shares (eg mutual funds)2017-10-25$225,805
Was this plan covered by a fidelity bond2017-10-25Yes
Value of fidelity bond cover2017-10-25$10,000,000
If this is an individual account plan, was there a blackout period2017-10-25No
Were there any nonexempt tranactions with any party-in-interest2017-10-25No
Contributions received from participants2017-10-25$1,836,459
Participant contributions at end of year2017-10-25$588,968
Participant contributions at beginning of year2017-10-25$64,652
Assets. Other investments not covered elsewhere at end of year2017-10-25$368,251
Assets. Other investments not covered elsewhere at beginning of year2017-10-25$385,883
Income. Received or receivable in cash from other sources (including rollovers)2017-10-25$1,029,972
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-10-25$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-10-25$28,541
Other income not declared elsewhere2017-10-25$434,301
Administrative expenses (other) incurred2017-10-25$228
Liabilities. Value of operating payables at end of year2017-10-25$0
Total non interest bearing cash at end of year2017-10-25$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-10-25No
Value of net income/loss2017-10-25$2,119,648
Value of net assets at end of year (total assets less liabilities)2017-10-25$38,465,873
Value of net assets at beginning of year (total assets less liabilities)2017-10-25$36,346,225
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-10-25No
Were any loans by the plan or fixed income obligations due to the plan in default2017-10-25No
Were any leases to which the plan was party in default or uncollectible2017-10-25No
Investment advisory and management fees2017-10-25$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-10-25$6,034,189
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-10-25$3,706,316
Value of interest in pooled separate accounts at end of year2017-10-25$8,887,890
Interest on participant loans2017-10-25$0
Interest earned on other investments2017-10-25$103,102
Value of interest in common/collective trusts at end of year2017-10-25$19,210,595
Value of interest in common/collective trusts at beginning of year2017-10-25$15,691,113
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-10-25$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-10-25$342
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-10-25$8,318,302
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-10-25$755,981
Net investment gain/loss from pooled separate accounts2017-10-25$102,737
Net investment gain or loss from common/collective trusts2017-10-25$2,316,724
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-10-25No
Was there a failure to transmit to the plan any participant contributions2017-10-25No
Has the plan failed to provide any benefit when due under the plan2017-10-25No
Assets. Invements in employer securities at end of year2017-10-25$3,312,633
Assets. Invements in employer securities at beginning of year2017-10-25$7,491,229
Contributions received in cash from employer2017-10-25$1,214,306
Employer contributions (assets) at end of year2017-10-25$63,347
Employer contributions (assets) at beginning of year2017-10-25$660,189
Income. Dividends from common stock2017-10-25$96,827
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-10-25$5,197,981
Contract administrator fees2017-10-25$21,343
Did the plan have assets held for investment2017-10-25Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-10-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-10-25No
Aggregate proceeds on sale of assets2017-10-25$4,700,279
Aggregate carrying amount (costs) on sale of assets2017-10-25$4,728,520
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-10-25Yes
Opinion of an independent qualified public accountant for this plan2017-10-25Disclaimer
Accountancy firm name2017-10-25KREISCHER MILLER
Accountancy firm EIN2017-10-25231980475

Form 5500 Responses for CLOUGHERTY PACKING, LLC 401(K) PLAN

2017: CLOUGHERTY PACKING, LLC 401(K) PLAN 2017 form 5500 responses
2017-10-26Type of plan entitySingle employer plan
2017-10-26Submission has been amendedNo
2017-10-26This submission is the final filingYes
2017-10-26This return/report is a short plan year return/report (less than 12 months)Yes
2017-10-26Plan is a collectively bargained planNo
2017-10-26Plan funding arrangement – InsuranceYes
2017-10-26Plan funding arrangement – TrustYes
2017-10-26Plan benefit arrangement – InsuranceYes
2017-10-26Plan benefit arrangement - TrustYes
2016: CLOUGHERTY PACKING, LLC 401(K) PLAN 2016 form 5500 responses
2016-10-26Type of plan entitySingle employer plan
2016-10-26Submission has been amendedNo
2016-10-26This submission is the final filingNo
2016-10-26This return/report is a short plan year return/report (less than 12 months)No
2016-10-26Plan is a collectively bargained planNo
2016-10-26Plan funding arrangement – InsuranceYes
2016-10-26Plan funding arrangement – TrustYes
2016-10-26Plan benefit arrangement – InsuranceYes
2016-10-26Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberSF 51000
Policy instance 1
Insurance contract or identification numberSF 51000
Number of Individuals Covered386
Insurance policy start date2017-10-30
Insurance policy end date2017-12-29
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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