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THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN 401k Plan overview

Plan NameTHE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN
Plan identification number 001

THE GLOBAL FOODBANKING NETWORK 401(K) P/S 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.
  • 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

GLOBAL FOOD BANKING NETWORK has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL FOOD BANKING NETWORK
Employer identification number (EIN):204268851
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01VANESSA GUTIERREZ2024-09-18
0012022-01-01BETH E. SAKS2023-05-04
0012021-01-01BETH E. SAKS2022-05-19
0012020-01-01BETH SAKS2021-05-18
0012018-01-01BETH SAKS2019-05-28
0012017-01-01BETH E. SAKS2018-05-01
0012016-01-01BETH E. SAKS2017-06-14
0012015-01-01BETH E. SAKS2016-05-17
0012014-01-01BETH E. SAKS2015-06-08
0012013-01-01BETH E. SAKS2014-08-11
0012012-01-01BETH SAKS2013-07-01
0012011-01-01BETH SAKS2012-06-04
0012010-01-01BETH SAKS2011-03-29

Plan Statistics for THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN

401k plan membership statisitcs for THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN

Measure Date Value
2025: THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-1546
Total number of particpants at end of year2025-09-1549
Number of Participants With Account Balances2025-09-1546
2024: THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-1845
Total number of particpants at end of year2024-09-1846
Number of Participants With Account Balances2024-09-1842

Financial Data on THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN

Measure Date Value
2025 : THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-15255604
Net assets as of the end of the plan year2025-09-152412271
Total assets as of the beginning of the plan year2025-09-151822990
Value of plan covered by a fidelity bond2025-09-15500000
Participant contributions to plan in this plan year2025-09-15338191
Value of participant loans at end of plan year2025-09-1555845
Other contributions to plan in this plan year2025-09-1510409
Other income to plan in this plan year2025-09-15313311
Plan net income in this plan year2025-09-15589281
Net assets as of the end of the plan year2025-09-152412271
Net assets as of the beginning of the plan year2025-09-151822990
Employer contributions to plan in this plan year2025-09-15182974
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-1510698
2024 : THE GLOBAL FOODBANKING NETWORK 401(K) P/S PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-09-180
Total expenses incurred by plan in this plan year2024-09-18999909
Net assets as of the end of the plan year2024-09-181822990
Total assets as of the beginning of the plan year2024-09-181969348
Value of plan covered by a fidelity bond2024-09-18250000
Participant contributions to plan in this plan year2024-09-18345666
Other contributions to plan in this plan year2024-09-1850619
Other income to plan in this plan year2024-09-18281083
Plan net income in this plan year2024-09-18-146358
Net assets as of the end of the plan year2024-09-181822990
Net assets as of the beginning of the plan year2024-09-181969348
Employer contributions to plan in this plan year2024-09-18176183
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-181777

Potentially related plans

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