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UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 401k Plan overview

Plan NameUFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED
Plan identification number 001

UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

FOOD BASICS INC has sponsored the creation of one or more 401k plans.

Company Name:FOOD BASICS INC
Employer identification number (EIN):352328178
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01SALVATORE FERRAINO DEREK KINNEY2010-09-01
0012007-04-01SALVATORE FERRAINO DEREK KINNEY2010-09-01

Plan Statistics for UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED

401k plan membership statisitcs for UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED

Measure Date Value
2009: UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2009 401k membership
Total participants, beginning-of-year2009-01-010
Total number of active participants reported on line 7a of the Form 55002009-01-0138
Total of all active and inactive participants2009-01-0138
Total participants2009-01-0138
2007: UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2007 401k membership
Total participants, beginning-of-year2007-04-010
Total number of active participants reported on line 7a of the Form 55002007-04-0138
Total of all active and inactive participants2007-04-0138
Total participants2007-04-0138

Financial Data on UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED

Measure Date Value
2010 : UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2010 401k financial data
Total plan liabilities at beginning of year2010-12-31$3,790
Total income from all sources2010-12-31$1,136
Expenses. Total of all expenses incurred2010-12-31$-442
Benefits paid (including direct rollovers)2010-12-31$78
Total plan assets at end of year2010-12-31$0
Total plan assets at beginning of year2010-12-31$2,212
Value of fidelity bond covering the plan2010-12-31$50,000
Expenses. Other expenses not covered elsewhere2010-12-31$252
Other income received2010-12-31$106
Net income (gross income less expenses)2010-12-31$1,578
Net plan assets at end of year (total assets less liabilities)2010-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$-1,578
Total contributions received or receivable from employer(s)2010-12-31$1,030
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$-772
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2008 : UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2008 401k financial data
Total income from all sources2008-12-31$2,117
Expenses. Total of all expenses incurred2008-12-31$11,802
Benefits paid (including direct rollovers)2008-12-31$9,222
Total plan assets at end of year2008-12-31$2,672
Total plan assets at beginning of year2008-12-31$9,685
Value of fidelity bond covering the plan2008-12-31$500,000
Expenses. Other expenses not covered elsewhere2008-12-31$2,580
Other income received2008-12-31$27
Net income (gross income less expenses)2008-12-31$-9,685
Net plan assets at end of year (total assets less liabilities)2008-12-31$2,672
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$9,685
Total contributions received or receivable from employer(s)2008-12-31$2,090

Form 5500 Responses for UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED

2009: UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes
2007: UFCW LOCAL 1360 AND FOOD BASICS, INCORPORATED 2007 form 5500 responses
2007-04-01Type of plan entitySingle employer plan
2007-04-01First time form 5500 has been submittedYes
2007-04-01Submission has been amendedNo
2007-04-01This submission is the final filingNo
2007-04-01This return/report is a short plan year return/report (less than 12 months)No
2007-04-01Plan is a collectively bargained planYes
2007-04-01Plan funding arrangement – TrustYes
2007-04-01Plan benefit arrangement - TrustYes

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