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NEW WAY FOODS INC - 401K 401k Plan overview

Plan NameNEW WAY FOODS INC - 401K
Plan identification number 001

NEW WAY FOODS INC - 401K 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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 WAY FOODS INC has sponsored the creation of one or more 401k plans.

Company Name:NEW WAY FOODS INC
Employer identification number (EIN):200479460
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW WAY FOODS INC - 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NEOVES RODRIGUEZ2024-10-23
0012023-01-01NEOVES RODRIGUEZ2025-01-07
0012022-01-01NEOVES RODRIGUEZ2023-10-03
0012021-01-01NEOVES RODRIGUEZ2022-07-27

Financial Data on NEW WAY FOODS INC - 401K

Measure Date Value
2025 : NEW WAY FOODS INC - 401K 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-31150
Net assets as of the end of the plan year2025-07-31152043
Total assets as of the beginning of the plan year2025-07-31111305
Value of plan covered by a fidelity bond2025-07-3112000
Participant contributions to plan in this plan year2025-07-3121298
Value of participant loans at end of plan year2025-07-3134077
Other income to plan in this plan year2025-07-3115066
Plan net income in this plan year2025-07-3140738
Net assets as of the end of the plan year2025-07-31152043
Net assets as of the beginning of the plan year2025-07-31111305
Employer contributions to plan in this plan year2025-07-314524
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-31150
Total expenses incurred by plan in this plan year2025-01-070
Net assets as of the end of the plan year2025-01-07111305
Total assets as of the beginning of the plan year2025-01-0766442
Value of plan covered by a fidelity bond2025-01-077000
Participant contributions to plan in this plan year2025-01-0724291
Other income to plan in this plan year2025-01-0715592
Plan net income in this plan year2025-01-0744863
Net assets as of the end of the plan year2025-01-07111305
Net assets as of the beginning of the plan year2025-01-0766442
Employer contributions to plan in this plan year2025-01-074980
2022 : NEW WAY FOODS INC - 401K 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-270
Net assets as of the end of the plan year2022-07-2727577
Total assets as of the beginning of the plan year2022-07-277955
Value of plan covered by a fidelity bond2022-07-271000
Participant contributions to plan in this plan year2022-07-2712215
Other income to plan in this plan year2022-07-271788
Plan net income in this plan year2022-07-2719622
Net assets as of the end of the plan year2022-07-2727577
Net assets as of the beginning of the plan year2022-07-277955
Employer contributions to plan in this plan year2022-07-275619

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