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NEW YORK FARM BUREAU, INC. 401(K) PLAN 401k Plan overview

Plan NameNEW YORK FARM BUREAU, INC. 401(K) PLAN
Plan identification number 003

NEW YORK FARM BUREAU, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

NEW YORK FARM BUREAU, INC. has sponsored the creation of one or more 401k plans.

Company Name:NEW YORK FARM BUREAU, INC.
Employer identification number (EIN):150539109
NAIC Classification:115110

Additional information about NEW YORK FARM BUREAU, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1953-08-19
Company Identification Number: 87977
Legal Registered Office Address: 159 WOLF RD., PO BOX 5330
Albany
ALBANY
United States of America (USA)
122050330

More information about NEW YORK FARM BUREAU, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW YORK FARM BUREAU, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-11-01LAURA YAUN2021-12-15 LAURA YAUN2021-12-15
0032019-11-01LAURA YAUN2021-01-13 LAURA YAUN2021-01-13
0032018-11-01LAURA YAUN2020-01-24 LAURA YAUN2020-01-24
0032017-11-01LAURA YAUN2019-01-31 LAURA YAUN2019-01-31
0032016-11-01MICHELE HANNAH JEFFERY H KIRBY2018-05-24
0032015-11-01WM PAUL MCDOWELL JEFFERY H KIRBY2017-06-06
0032014-11-01WM PAUL MCDOWELL JEFFERY H KIRBY2016-05-18
0032013-11-01WM PAUL MCDOWELL JEFFERY H KIRBY2015-05-08
0032012-11-01WM PAUL MCDOWELL JEFFERY H. KIRBY2014-07-07
0032011-11-01WM PAUL MCDOWELL JEFFERY H. KIRBY2013-05-20
0032010-11-01WM PAUL MCDOWELL JEFFERY H KIRBY2012-05-30
0032009-11-01WM PAUL MCDOWELL JEFFERY KIRBY2011-05-27

Plan Statistics for NEW YORK FARM BUREAU, INC. 401(K) PLAN

401k plan membership statisitcs for NEW YORK FARM BUREAU, INC. 401(K) PLAN

Measure Date Value
2016: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-11-0154
Total number of active participants reported on line 7a of the Form 55002016-11-0149
Number of retired or separated participants receiving benefits2016-11-010
Number of other retired or separated participants entitled to future benefits2016-11-018
Total of all active and inactive participants2016-11-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-11-010
Total participants2016-11-0157
Number of participants with account balances2016-11-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-11-010
2015: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-11-0152
Total number of active participants reported on line 7a of the Form 55002015-11-0147
Number of retired or separated participants receiving benefits2015-11-010
Number of other retired or separated participants entitled to future benefits2015-11-0110
Total of all active and inactive participants2015-11-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-11-010
Total participants2015-11-0157
Number of participants with account balances2015-11-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-11-010
2014: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-11-0148
Total number of active participants reported on line 7a of the Form 55002014-11-0145
Number of retired or separated participants receiving benefits2014-11-010
Number of other retired or separated participants entitled to future benefits2014-11-0110
Total of all active and inactive participants2014-11-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-11-010
Total participants2014-11-0155
Number of participants with account balances2014-11-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-11-011
2013: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-11-0147
Total number of active participants reported on line 7a of the Form 55002013-11-0139
Number of retired or separated participants receiving benefits2013-11-010
Number of other retired or separated participants entitled to future benefits2013-11-0112
Total of all active and inactive participants2013-11-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-11-010
Total participants2013-11-0151
Number of participants with account balances2013-11-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-11-010
2012: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-11-0149
Total number of active participants reported on line 7a of the Form 55002012-11-0140
Number of retired or separated participants receiving benefits2012-11-010
Number of other retired or separated participants entitled to future benefits2012-11-0111
Total of all active and inactive participants2012-11-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-11-010
Total participants2012-11-0151
Number of participants with account balances2012-11-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-11-010
2011: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-11-0147
Total number of active participants reported on line 7a of the Form 55002011-11-0138
Number of retired or separated participants receiving benefits2011-11-010
Number of other retired or separated participants entitled to future benefits2011-11-0112
Total of all active and inactive participants2011-11-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-11-010
Total participants2011-11-0150
Number of participants with account balances2011-11-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-11-010
2010: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-11-0148
Total number of active participants reported on line 7a of the Form 55002010-11-0138
Number of retired or separated participants receiving benefits2010-11-010
Number of other retired or separated participants entitled to future benefits2010-11-0110
Total of all active and inactive participants2010-11-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-11-010
Total participants2010-11-0148
Number of participants with account balances2010-11-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-11-011
2009: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-0148
Total number of active participants reported on line 7a of the Form 55002009-11-0139
Number of retired or separated participants receiving benefits2009-11-010
Number of other retired or separated participants entitled to future benefits2009-11-0111
Total of all active and inactive participants2009-11-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-11-010
Total participants2009-11-0150
Number of participants with account balances2009-11-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-014

Financial Data on NEW YORK FARM BUREAU, INC. 401(K) PLAN

Measure Date Value
2017 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-10-31$1,318,236
Expenses. Total of all expenses incurred2017-10-31$771,327
Benefits paid (including direct rollovers)2017-10-31$771,207
Total plan assets at end of year2017-10-31$6,328,786
Total plan assets at beginning of year2017-10-31$5,781,877
Value of fidelity bond covering the plan2017-10-31$500,000
Total contributions received or receivable from participants2017-10-31$158,232
Contributions received from other sources (not participants or employers)2017-10-31$15,606
Other income received2017-10-31$942,020
Net income (gross income less expenses)2017-10-31$546,909
Net plan assets at end of year (total assets less liabilities)2017-10-31$6,328,786
Net plan assets at beginning of year (total assets less liabilities)2017-10-31$5,781,877
Total contributions received or receivable from employer(s)2017-10-31$202,378
Expenses. Administrative service providers (salaries,fees and commissions)2017-10-31$120
2016 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-10-31$636,610
Expenses. Total of all expenses incurred2016-10-31$151,381
Benefits paid (including direct rollovers)2016-10-31$151,261
Total plan assets at end of year2016-10-31$5,781,877
Total plan assets at beginning of year2016-10-31$5,296,648
Value of fidelity bond covering the plan2016-10-31$500,000
Total contributions received or receivable from participants2016-10-31$156,951
Contributions received from other sources (not participants or employers)2016-10-31$113,457
Other income received2016-10-31$185,873
Net income (gross income less expenses)2016-10-31$485,229
Net plan assets at end of year (total assets less liabilities)2016-10-31$5,781,877
Net plan assets at beginning of year (total assets less liabilities)2016-10-31$5,296,648
Total contributions received or receivable from employer(s)2016-10-31$180,329
Expenses. Administrative service providers (salaries,fees and commissions)2016-10-31$120
2015 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources2015-10-31$463,696
Expenses. Total of all expenses incurred2015-10-31$764,668
Benefits paid (including direct rollovers)2015-10-31$764,668
Total plan assets at end of year2015-10-31$5,296,648
Total plan assets at beginning of year2015-10-31$5,597,620
Value of fidelity bond covering the plan2015-10-31$500,000
Total contributions received or receivable from participants2015-10-31$156,329
Contributions received from other sources (not participants or employers)2015-10-31$22,464
Other income received2015-10-31$111,633
Net income (gross income less expenses)2015-10-31$-300,972
Net plan assets at end of year (total assets less liabilities)2015-10-31$5,296,648
Net plan assets at beginning of year (total assets less liabilities)2015-10-31$5,597,620
Total contributions received or receivable from employer(s)2015-10-31$173,270
2014 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2014 401k financial data
Total income from all sources2014-10-31$749,555
Expenses. Total of all expenses incurred2014-10-31$964,807
Benefits paid (including direct rollovers)2014-10-31$963,663
Total plan assets at end of year2014-10-31$5,597,620
Total plan assets at beginning of year2014-10-31$5,812,872
Value of fidelity bond covering the plan2014-10-31$500,000
Total contributions received or receivable from participants2014-10-31$156,584
Other income received2014-10-31$420,543
Net income (gross income less expenses)2014-10-31$-215,252
Net plan assets at end of year (total assets less liabilities)2014-10-31$5,597,620
Net plan assets at beginning of year (total assets less liabilities)2014-10-31$5,812,872
Total contributions received or receivable from employer(s)2014-10-31$172,428
Value of corrective distributions2014-10-31$1,144
2013 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2013 401k financial data
Total income from all sources2013-10-31$1,171,076
Expenses. Total of all expenses incurred2013-10-31$182,016
Benefits paid (including direct rollovers)2013-10-31$182,016
Total plan assets at end of year2013-10-31$5,812,872
Total plan assets at beginning of year2013-10-31$4,823,812
Value of fidelity bond covering the plan2013-10-31$500,000
Total contributions received or receivable from participants2013-10-31$168,318
Contributions received from other sources (not participants or employers)2013-10-31$7,363
Other income received2013-10-31$834,763
Net income (gross income less expenses)2013-10-31$989,060
Net plan assets at end of year (total assets less liabilities)2013-10-31$5,812,872
Net plan assets at beginning of year (total assets less liabilities)2013-10-31$4,823,812
Total contributions received or receivable from employer(s)2013-10-31$160,632
2012 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-10-31$740,599
Expenses. Total of all expenses incurred2012-10-31$16,563
Benefits paid (including direct rollovers)2012-10-31$16,563
Total plan assets at end of year2012-10-31$4,823,812
Total plan assets at beginning of year2012-10-31$4,099,777
Value of fidelity bond covering the plan2012-10-31$1,000,000
Total contributions received or receivable from participants2012-10-31$166,625
Contributions received from other sources (not participants or employers)2012-10-31$21,648
Other income received2012-10-31$401,199
Net income (gross income less expenses)2012-10-31$724,036
Net plan assets at end of year (total assets less liabilities)2012-10-31$4,823,812
Net plan assets at beginning of year (total assets less liabilities)2012-10-31$4,099,777
Total contributions received or receivable from employer(s)2012-10-31$151,127
2011 : NEW YORK FARM BUREAU, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources2011-10-31$479,991
Expenses. Total of all expenses incurred2011-10-31$77,893
Benefits paid (including direct rollovers)2011-10-31$77,893
Total plan assets at end of year2011-10-31$4,099,777
Total plan assets at beginning of year2011-10-31$3,697,679
Value of fidelity bond covering the plan2011-10-31$500,000
Total contributions received or receivable from participants2011-10-31$148,906
Contributions received from other sources (not participants or employers)2011-10-31$11,284
Other income received2011-10-31$163,890
Net income (gross income less expenses)2011-10-31$402,098
Net plan assets at end of year (total assets less liabilities)2011-10-31$4,099,777
Net plan assets at beginning of year (total assets less liabilities)2011-10-31$3,697,679
Total contributions received or receivable from employer(s)2011-10-31$155,911

Form 5500 Responses for NEW YORK FARM BUREAU, INC. 401(K) PLAN

2016: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2016 form 5500 responses
2016-11-01Type of plan entitySingle employer plan
2016-11-01Submission has been amendedNo
2016-11-01This submission is the final filingNo
2016-11-01This return/report is a short plan year return/report (less than 12 months)No
2016-11-01Plan is a collectively bargained planNo
2016-11-01Plan funding arrangement – TrustYes
2016-11-01Plan benefit arrangement - TrustYes
2015: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2015 form 5500 responses
2015-11-01Type of plan entitySingle employer plan
2015-11-01Submission has been amendedNo
2015-11-01This submission is the final filingNo
2015-11-01This return/report is a short plan year return/report (less than 12 months)No
2015-11-01Plan is a collectively bargained planNo
2015-11-01Plan funding arrangement – TrustYes
2015-11-01Plan benefit arrangement - TrustYes
2014: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2014 form 5500 responses
2014-11-01Type of plan entitySingle employer plan
2014-11-01Submission has been amendedNo
2014-11-01This submission is the final filingNo
2014-11-01This return/report is a short plan year return/report (less than 12 months)No
2014-11-01Plan is a collectively bargained planNo
2014-11-01Plan funding arrangement – TrustYes
2014-11-01Plan benefit arrangement - TrustYes
2013: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2013 form 5500 responses
2013-11-01Type of plan entitySingle employer plan
2013-11-01Submission has been amendedNo
2013-11-01This submission is the final filingNo
2013-11-01This return/report is a short plan year return/report (less than 12 months)No
2013-11-01Plan is a collectively bargained planNo
2013-11-01Plan funding arrangement – TrustYes
2013-11-01Plan benefit arrangement - TrustYes
2012: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2012 form 5500 responses
2012-11-01Type of plan entitySingle employer plan
2012-11-01Submission has been amendedNo
2012-11-01This submission is the final filingNo
2012-11-01This return/report is a short plan year return/report (less than 12 months)No
2012-11-01Plan is a collectively bargained planNo
2012-11-01Plan funding arrangement – TrustYes
2012-11-01Plan benefit arrangement - TrustYes
2011: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2011 form 5500 responses
2011-11-01Type of plan entitySingle employer plan
2011-11-01Submission has been amendedNo
2011-11-01This submission is the final filingNo
2011-11-01This return/report is a short plan year return/report (less than 12 months)No
2011-11-01Plan is a collectively bargained planNo
2011-11-01Plan funding arrangement – TrustYes
2011-11-01Plan benefit arrangement - TrustYes
2010: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2010 form 5500 responses
2010-11-01Type of plan entitySingle employer plan
2010-11-01Submission has been amendedNo
2010-11-01This submission is the final filingNo
2010-11-01This return/report is a short plan year return/report (less than 12 months)No
2010-11-01Plan is a collectively bargained planNo
2010-11-01Plan funding arrangement – TrustYes
2010-11-01Plan benefit arrangement - TrustYes
2009: NEW YORK FARM BUREAU, INC. 401(K) PLAN 2009 form 5500 responses
2009-11-01Type of plan entitySingle employer plan
2009-11-01Submission has been amendedNo
2009-11-01This submission is the final filingNo
2009-11-01This return/report is a short plan year return/report (less than 12 months)No
2009-11-01Plan is a collectively bargained planNo
2009-11-01Plan funding arrangement – TrustYes
2009-11-01Plan benefit arrangement - TrustYes

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