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BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN 401k Plan overview

Plan NameBLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN
Plan identification number 001

BLUE RIDGE FARMERS COOPERATIVE 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.
  • 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

BLUE RIDGE FARMERS COOPERATIVE INC. has sponsored the creation of one or more 401k plans.

Company Name:BLUE RIDGE FARMERS COOPERATIVE INC.
Employer identification number (EIN):540387162
NAIC Classification:112900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MATT PORTER2024-02-29
0012022-01-01MATT PORTER2023-10-09
0012022-01-01MATT PORTER2023-11-27

Plan Statistics for BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN

401k plan membership statisitcs for BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN

Measure Date Value
2025: BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-1444
Total number of particpants at end of year2025-03-1445
Number of Participants With Account Balances2025-03-1443
2024: BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-02-2943
Total number of particpants at end of year2024-02-2945
Number of Participants With Account Balances2024-02-2937

Financial Data on BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN

Measure Date Value
2025 : BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-1481094
Net assets as of the end of the plan year2025-03-142875715
Total assets as of the beginning of the plan year2025-03-142507364
Value of plan covered by a fidelity bond2025-03-14275000
Participant contributions to plan in this plan year2025-03-1497768
Value of participant loans at end of plan year2025-03-1419750
Other contributions to plan in this plan year2025-03-14292
Other income to plan in this plan year2025-03-14296849
Plan net income in this plan year2025-03-14368351
Net assets as of the end of the plan year2025-03-142875715
Net assets as of the beginning of the plan year2025-03-142507364
Value of contributions failed to transmitted timely2025-03-141434
Employer contributions to plan in this plan year2025-03-1454536
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-1416637
2024 : BLUE RIDGE FARMERS COOPERATIVE 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-2974643
Net assets as of the end of the plan year2024-02-292507364
Total assets as of the beginning of the plan year2024-02-292071249
Value of plan covered by a fidelity bond2024-02-29275000
Participant contributions to plan in this plan year2024-02-2983633
Value of participant loans at end of plan year2024-02-2916107
Other contributions to plan in this plan year2024-02-2943308
Other income to plan in this plan year2024-02-29338573
Plan net income in this plan year2024-02-29436115
Net assets as of the end of the plan year2024-02-292507364
Net assets as of the beginning of the plan year2024-02-292071249
Employer contributions to plan in this plan year2024-02-2945244
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-2913397

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