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GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameGLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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 INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL FOOD INDUSTRIES, INC.
Employer identification number (EIN):364003320

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-12-01NEAL PFEIFFER NEAL PFEIFFER2013-09-07
0012008-12-01

Plan Statistics for GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2011: GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-12-013
Total number of active participants reported on line 7a of the Form 55002011-12-012
Number of retired or separated participants receiving benefits2011-12-010
Number of other retired or separated participants entitled to future benefits2011-12-010
Total of all active and inactive participants2011-12-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-12-010
Total participants2011-12-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-12-010

Financial Data on GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2012 : GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 2012 401k financial data
Total income from all sources2012-11-30$-58,755
Expenses. Total of all expenses incurred2012-11-30$75,089
Benefits paid (including direct rollovers)2012-11-30$75,089
Total plan assets at end of year2012-11-30$2,070,593
Total plan assets at beginning of year2012-11-30$2,204,437
Total contributions received or receivable from participants2012-11-30$0
Expenses. Other expenses not covered elsewhere2012-11-30$0
Contributions received from other sources (not participants or employers)2012-11-30$0
Other income received2012-11-30$-58,755
Net income (gross income less expenses)2012-11-30$-133,844
Net plan assets at end of year (total assets less liabilities)2012-11-30$2,070,593
Net plan assets at beginning of year (total assets less liabilities)2012-11-30$2,204,437
Assets. Value of participant loans2012-11-30$91,005
Total contributions received or receivable from employer(s)2012-11-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-11-30$0
2011 : GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 2011 401k financial data
Total income from all sources2011-11-30$-190,095
Expenses. Total of all expenses incurred2011-11-30$0
Benefits paid (including direct rollovers)2011-11-30$0
Total plan assets at end of year2011-11-30$1,974,437
Total plan assets at beginning of year2011-11-30$2,164,532
Value of fidelity bond covering the plan2011-11-30$200,000
Total contributions received or receivable from participants2011-11-30$0
Assets. Value of loans (other than to participants)2011-11-30$150,000
Expenses. Other expenses not covered elsewhere2011-11-30$0
Contributions received from other sources (not participants or employers)2011-11-30$0
Other income received2011-11-30$-190,095
Noncash contributions received2011-11-30$0
Net income (gross income less expenses)2011-11-30$-190,095
Net plan assets at end of year (total assets less liabilities)2011-11-30$1,974,437
Net plan assets at beginning of year (total assets less liabilities)2011-11-30$2,164,532
Assets. Value of real-estate (other than employer real property)2011-11-30$1,209,267
Total contributions received or receivable from employer(s)2011-11-30$0
Value of certain deemed distributions of participant loans2011-11-30$0
Value of corrective distributions2011-11-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-11-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-11-30$0

Form 5500 Responses for GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN

2011: GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 2011 form 5500 responses
2011-12-01Type of plan entitySingle employer plan
2011-12-01Submission has been amendedNo
2011-12-01This submission is the final filingNo
2011-12-01This return/report is a short plan year return/report (less than 12 months)No
2011-12-01Plan is a collectively bargained planNo
2011-12-01Plan funding arrangement – TrustYes
2011-12-01Plan benefit arrangement - TrustYes
2008: GLOBAL FOOD INDUSTRIES, INC. DEFINED BENEFIT PENSION PLAN 2008 form 5500 responses
2008-12-01Type of plan entitySingle employer plan
2008-12-01Submission has been amendedNo
2008-12-01This submission is the final filingNo
2008-12-01This return/report is a short plan year return/report (less than 12 months)No
2008-12-01Plan is a collectively bargained planNo

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