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SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameSECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN
Plan identification number 001

SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT 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

SECOND HARVEST FOODBANK OF NORTHWEST NC has sponsored the creation of one or more 401k plans.

Company Name:SECOND HARVEST FOODBANK OF NORTHWEST NC
Employer identification number (EIN):581457912
NAIC Classification:624200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01REBECCA NELSON2022-09-29 ERIC AFT2022-09-29
0012020-01-01
0012019-01-01
0012018-01-01REBECCA NELSON
0012017-01-01ERIC AFT
0012016-01-01CLYDE FITGERALD
0012015-01-01CLYDE FITZGERALD2016-04-18 CLYDE FITZGERALD2016-04-18
0012014-01-01CLYDE FITZGERALD2015-06-17 CLYDE FITZGERALD2015-06-17
0012013-01-01KATHERINE BROADHURST2014-04-28 KATHERINE BROADHURST2014-04-28
0012012-01-01KATHERINE BROADHURST2013-06-10 CLYDE FITZGERALD2013-06-10
0012011-01-01KATHERINE BROADHURST2012-01-27 CLYDE FITZGERALD2012-01-27
0012010-01-01KATHERINE BROADHURST2011-02-11 CLYDE FITZGERALD2011-02-11

Plan Statistics for SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN

401k plan membership statisitcs for SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN

Measure Date Value
2022: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01132
Total number of active participants reported on line 7a of the Form 55002022-01-01120
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0111
Total of all active and inactive participants2022-01-01131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01131
Number of participants with account balances2022-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-017
2020: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0175
Total number of active participants reported on line 7a of the Form 55002020-01-0167
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-017
Total of all active and inactive participants2020-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0175
Number of participants with account balances2020-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0171
Total number of active participants reported on line 7a of the Form 55002019-01-0169
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0175
Number of participants with account balances2019-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-015
2018: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0169
Total number of active participants reported on line 7a of the Form 55002018-01-0165
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-0171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0171
Number of participants with account balances2018-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0163
Total number of active participants reported on line 7a of the Form 55002017-01-0164
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0169
Number of participants with account balances2017-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0162
Total number of active participants reported on line 7a of the Form 55002016-01-0159
Number of retired or separated participants receiving benefits2016-01-012
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0163
Number of participants with account balances2016-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN

Measure Date Value
2022 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$13,299
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$241,612
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$223,563
Expenses. Certain deemed distributions of participant loans2022-12-31$-130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$451,649
Value of total assets at end of year2022-12-31$2,218,642
Value of total assets at beginning of year2022-12-31$2,446,955
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$18,179
Total interest from all sources2022-12-31$3,364
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$3,477
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$3,477
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$290,902
Participant contributions at end of year2022-12-31$74,019
Participant contributions at beginning of year2022-12-31$53,652
Participant contributions at end of year2022-12-31$8,600
Participant contributions at beginning of year2022-12-31$11,575
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$34,555
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-228,313
Value of net assets at end of year (total assets less liabilities)2022-12-31$2,218,642
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$2,446,955
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$366,083
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$216,644
Value of interest in pooled separate accounts at end of year2022-12-31$27,471
Value of interest in pooled separate accounts at beginning of year2022-12-31$1,431
Interest on participant loans2022-12-31$3,364
Value of interest in common/collective trusts at end of year2022-12-31$1,737,640
Value of interest in common/collective trusts at beginning of year2022-12-31$2,159,448
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-93,824
Net investment gain/loss from pooled separate accounts2022-12-31$-4,049
Net investment gain or loss from common/collective trusts2022-12-31$-347,318
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$126,192
Employer contributions (assets) at end of year2022-12-31$4,829
Employer contributions (assets) at beginning of year2022-12-31$4,205
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$223,563
Contract administrator fees2022-12-31$18,179
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CARTER, P.C.
Accountancy firm EIN2022-12-31383828234
2020 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$757,082
Expenses. Total of all expenses incurred2020-12-31$247,045
Benefits paid (including direct rollovers)2020-12-31$250,540
Total plan assets at end of year2020-12-31$2,257,548
Total plan assets at beginning of year2020-12-31$1,747,511
Value of fidelity bond covering the plan2020-12-31$200,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$183,140
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$197,064
Other income received2020-12-31$301,854
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$510,037
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,257,548
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,747,511
Assets. Value of participant loans2020-12-31$60,372
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$75,024
Value of certain deemed distributions of participant loans2020-12-31$-4,826
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,331
2019 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$523,320
Expenses. Total of all expenses incurred2019-12-31$148,133
Benefits paid (including direct rollovers)2019-12-31$141,051
Total plan assets at end of year2019-12-31$1,747,511
Total plan assets at beginning of year2019-12-31$1,372,324
Value of fidelity bond covering the plan2019-12-31$200,000
Total contributions received or receivable from participants2019-12-31$155,946
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$297,648
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$375,187
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,747,511
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,372,324
Assets. Value of participant loans2019-12-31$98,201
Total contributions received or receivable from employer(s)2019-12-31$69,726
Value of certain deemed distributions of participant loans2019-12-31$4,826
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$2,256
2018 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$125,894
Expenses. Total of all expenses incurred2018-12-31$70,975
Benefits paid (including direct rollovers)2018-12-31$68,600
Total plan assets at end of year2018-12-31$1,372,324
Total plan assets at beginning of year2018-12-31$1,317,405
Value of fidelity bond covering the plan2018-12-31$200,000
Total contributions received or receivable from participants2018-12-31$154,260
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$9,782
Other income received2018-12-31$-96,529
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$54,919
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,372,324
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,317,405
Assets. Value of participant loans2018-12-31$102,359
Total contributions received or receivable from employer(s)2018-12-31$58,381
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,375
2017 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$375,150
Expenses. Total of all expenses incurred2017-12-31$281,993
Benefits paid (including direct rollovers)2017-12-31$280,687
Total plan assets at end of year2017-12-31$1,317,405
Total plan assets at beginning of year2017-12-31$1,224,248
Value of fidelity bond covering the plan2017-12-31$200,000
Total contributions received or receivable from participants2017-12-31$129,577
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$190,340
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$93,157
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,317,405
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,224,248
Assets. Value of participant loans2017-12-31$73,934
Total contributions received or receivable from employer(s)2017-12-31$55,233
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,306
2016 : SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$246,062
Expenses. Total of all expenses incurred2016-12-31$62,981
Benefits paid (including direct rollovers)2016-12-31$56,886
Total plan assets at end of year2016-12-31$1,224,248
Total plan assets at beginning of year2016-12-31$1,041,167
Value of fidelity bond covering the plan2016-12-31$200,000
Total contributions received or receivable from participants2016-12-31$128,350
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$1,130
Other income received2016-12-31$62,777
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$183,081
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,224,248
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,041,167
Assets. Value of participant loans2016-12-31$58,774
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$53,805
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$6,095

Form 5500 Responses for SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN

2022: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2020: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT 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
2018: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SECOND HARVEST FOOD BANK OF NWNC 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number631067
Policy instance 1
Insurance contract or identification number631067
Number of Individuals Covered131
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $6
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6
Amount paid for insurance broker fees0
Insurance broker organization code?3

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