FOOD & FRIENDS INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FOOD & FRIENDS INC. DEFINED CONTRIBUTION RETIREMENT PLAN
401k plan membership statisitcs for FOOD & FRIENDS INC. DEFINED CONTRIBUTION RETIREMENT PLAN
Measure | Date | Value |
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2022 : FOOD & FRIENDS INC. DEFINED CONTRIBUTION RETIREMENT PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-938,450 |
Total of all expenses incurred | 2022-12-31 | $528,053 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $510,867 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $515,701 |
Value of total assets at end of year | 2022-12-31 | $6,976,467 |
Value of total assets at beginning of year | 2022-12-31 | $8,442,970 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $17,186 |
Total interest from all sources | 2022-12-31 | $351 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $139,381 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $139,381 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $292,469 |
Participant contributions at end of year | 2022-12-31 | $4,933 |
Participant contributions at beginning of year | 2022-12-31 | $10,505 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $11,658 |
Other income not declared elsewhere | 2022-12-31 | $5,735 |
Administrative expenses (other) incurred | 2022-12-31 | $17,186 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,466,503 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $6,976,467 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $8,442,970 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $6,637,536 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $8,107,908 |
Interest on participant loans | 2022-12-31 | $351 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $93,913 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $94,383 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $94,383 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $210,280 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $213,291 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,599,618 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $223,232 |
Employer contributions (assets) at end of year | 2022-12-31 | $18,147 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $16,883 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $510,867 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | GELMAN ROSENBERG & FREEDMAN |
Accountancy firm EIN | 2022-12-31 | 521392008 |
2021 : FOOD & FRIENDS INC. DEFINED CONTRIBUTION RETIREMENT PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $1,765,221 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $220,928 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $202,495 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $654,522 |
Value of total assets at end of year | 2021-12-31 | $8,442,970 |
Value of total assets at beginning of year | 2021-12-31 | $6,898,677 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,433 |
Total interest from all sources | 2021-12-31 | $2,435 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $210,046 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $210,046 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $334,494 |
Participant contributions at end of year | 2021-12-31 | $10,505 |
Participant contributions at beginning of year | 2021-12-31 | $71,166 |
Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $94,383 |
Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $83,173 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $134,462 |
Other income not declared elsewhere | 2021-12-31 | $1,954 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,544,293 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $8,442,970 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $6,898,677 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $8,353,118 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $6,759,867 |
Interest on participant loans | 2021-12-31 | $2,435 |
Interest earned on other investments | 2021-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $62,464 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $42,603 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $898,218 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $185,566 |
Employer contributions (assets) at end of year | 2021-12-31 | $16,883 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $25,041 |
Income. Dividends from common stock | 2021-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $202,495 |
Contract administrator fees | 2021-12-31 | $18,433 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |
Accountancy firm name | 2021-12-31 | MARCUM LLP |
Accountancy firm EIN | 2021-12-31 | 111986323 |