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B & K FARMS, LLC CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameB & K FARMS, LLC CASH BALANCE PENSION PLAN
Plan identification number 003

B & K FARMS, LLC CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • 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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan covering Self-Employed individuals.
  • 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

B AND K FARMS, LLC has sponsored the creation of one or more 401k plans.

Company Name:B AND K FARMS, LLC
Employer identification number (EIN):521913044
NAIC Classification:111210
NAIC Description:Vegetable and Melon Farming

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & K FARMS, LLC CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032024-01-01RICHARD HARDING2024-07-10
0032023-01-01RICHARD HARDING2024-07-05
0032022-01-01RICHARD HARDING2023-10-02
0032021-01-01RICHARD HARDING2022-09-28
0032020-01-01RICHARD HARDING2021-07-15
0032019-01-01RICHARD HARDING2020-09-08
0032018-01-01RICHARD HARDING2019-10-01
0032017-01-01RICHARD HARDING2018-07-28
0032016-01-01RICHARD HARDING2017-09-19
0032016-01-01RICHARD HARDING2018-07-28
0032015-01-01RICHARD HARDING2016-07-28
0032014-01-01RICHARD HARDING2015-07-03 RICHARD HARDING2015-07-03
0032013-01-01RICHARD HARDING2014-09-29 RICHARD HARDING2014-09-29

Financial Data on B & K FARMS, LLC CASH BALANCE PENSION PLAN

Measure Date Value
2024 : B & K FARMS, LLC CASH BALANCE PENSION PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-100
Total liabilities as of the end of the plan year2024-07-100
Total liabilities as of the beginning of the plan year2024-07-100
Total expenses incurred by plan in this plan year2024-07-102153800
Net assets as of the end of the plan year2024-07-100
Total assets as of the beginning of the plan year2024-07-102126755
Value of plan covered by a fidelity bond2024-07-10500000
Other income to plan in this plan year2024-07-1027045
Plan net income in this plan year2024-07-10-2126755
Net assets as of the end of the plan year2024-07-100
Net assets as of the beginning of the plan year2024-07-102126755
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1015135
Total transfers to/from plan in this plan year2024-07-050
Total liabilities as of the end of the plan year2024-07-050
Total liabilities as of the beginning of the plan year2024-07-050
Total expenses incurred by plan in this plan year2024-07-050
Net assets as of the end of the plan year2024-07-052126755
Total assets as of the beginning of the plan year2024-07-051886486
Value of plan covered by a fidelity bond2024-07-05500000
Participant contributions to plan in this plan year2024-07-050
Other expenses paid from plan in this plan year2024-07-050
Other contributions to plan in this plan year2024-07-050
Other income to plan in this plan year2024-07-05240269
Plan net income in this plan year2024-07-05240269
Net assets as of the end of the plan year2024-07-052126755
Net assets as of the beginning of the plan year2024-07-051886486
Employer contributions to plan in this plan year2024-07-050
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-050

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