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PGP INTERNATIONAL, INC. 401(K) PLAN 401k Plan overview

Plan NamePGP INTERNATIONAL, INC. 401(K) PLAN
Plan identification number 001

PGP INTERNATIONAL, INC. 401(K) 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

PGP INTERNATIONAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:PGP INTERNATIONAL, INC.
Employer identification number (EIN):411993086
NAIC Classification:311900
NAIC Description: Other Food Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PGP INTERNATIONAL, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01

Plan Statistics for PGP INTERNATIONAL, INC. 401(K) PLAN

401k plan membership statisitcs for PGP INTERNATIONAL, INC. 401(K) PLAN

Measure Date Value
2019: PGP INTERNATIONAL, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01336
Total number of active participants reported on line 7a of the Form 55002019-01-01252
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01111
Total of all active and inactive participants2019-01-01363
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01363
Number of participants with account balances2019-01-01346
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on PGP INTERNATIONAL, INC. 401(K) PLAN

Measure Date Value
2019 : PGP INTERNATIONAL, INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$3,322,731
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,758,468
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,747,917
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,403,436
Value of total assets at end of year2019-12-31$12,572,040
Value of total assets at beginning of year2019-12-31$11,007,777
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$10,551
Total interest from all sources2019-12-31$16,998
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$783,945
Participant contributions at end of year2019-12-31$357,786
Participant contributions at beginning of year2019-12-31$343,964
Participant contributions at end of year2019-12-31$280
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$5,976
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$4,957
Assets. Loans (other than to participants) at end of year2019-12-31$0
Assets. Loans (other than to participants) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$10,551
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$1,564,263
Value of net assets at end of year (total assets less liabilities)2019-12-31$12,572,040
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$11,007,777
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Income. Interest from loans (other than to participants)2019-12-31$16,998
Value of interest in common/collective trusts at end of year2019-12-31$12,207,530
Value of interest in common/collective trusts at beginning of year2019-12-31$10,420,152
Net investment gain or loss from common/collective trusts2019-12-31$1,902,297
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$613,515
Employer contributions (assets) at end of year2019-12-31$6,444
Employer contributions (assets) at beginning of year2019-12-31$243,661
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,742,960
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BOYUM & BARENSCHEER, PLLP
Accountancy firm EIN2019-12-31416192096

Form 5500 Responses for PGP INTERNATIONAL, INC. 401(K) PLAN

2019: PGP INTERNATIONAL, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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