401k Plan data: THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN plan

THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN 401k Plan overview

Plan Name	THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN
Plan identification number	001

THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE HIGGINS GROUP CORP. has sponsored the creation of one or more 401k plans.

Company Name: THE HIGGINS GROUP CORP.

Employer identification number (EIN): 650532788

NAIC Classification: 311110
NAIC Description: Animal Food Manufacturing

Additional information about THE HIGGINS GROUP CORP.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1994-09-29

Company Identification Number: P94000071787

Legal Registered Office Address: 3198 NW 125 ST

MIAMI

33167

More information about THE HIGGINS GROUP CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 ANDRES PEREA 2023-10-16
001 2021-01-01 ANDRES PEREA 2022-10-17
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 MANUEL RIVERO 2015-09-03 MANUEL RIVERO 2015-09-03
001 2013-01-01 MANUEL RIVERO 2014-04-08 MANUEL RIVERO 2014-04-08
001 2012-01-01 MANUEL RIVERO 2013-07-02 MANUEL RIVERO 2013-07-02
001 2011-01-01 MANUEL RIVERO 2012-06-11 MANUEL RIVERO 2012-06-11
001 2010-01-01 MANUEL RIVERO 2011-08-10 MANUEL RIVERO 2011-08-10
001 2007-01-01 MANUEL RIVERO

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	ANDRES PEREA	2023-10-16
001	2021-01-01	ANDRES PEREA	2022-10-17
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	MANUEL RIVERO	2015-09-03	MANUEL RIVERO	2015-09-03
001	2013-01-01	MANUEL RIVERO	2014-04-08	MANUEL RIVERO	2014-04-08
001	2012-01-01	MANUEL RIVERO	2013-07-02	MANUEL RIVERO	2013-07-02
001	2011-01-01	MANUEL RIVERO	2012-06-11	MANUEL RIVERO	2012-06-11
001	2010-01-01	MANUEL RIVERO	2011-08-10	MANUEL RIVERO	2011-08-10
001	2007-01-01	MANUEL RIVERO

Plan Statistics for THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN

401k plan membership statisitcs for THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2007: THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 27
Number of other retired or separated participants entitled to future benefits 2007-01-01 4
Total of all active and inactive participants 2007-01-01 31
Total participants 2007-01-01 31
Number of participants with account balances 2007-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 1

Measure	Date	Value
2007: THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	27
Number of other retired or separated participants entitled to future benefits	2007-01-01	4
Total of all active and inactive participants	2007-01-01	31
Total participants	2007-01-01	31
Number of participants with account balances	2007-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	1

Financial Data on THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN

Measure	Date	Value
2007 : THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$126,527
Expenses. Total of all expenses incurred	2007-12-31	$42,875
Benefits paid (including direct rollovers)	2007-12-31	$42,627
Total plan assets at end of year	2007-12-31	$1,345,776
Total plan assets at beginning of year	2007-12-31	$1,262,124
Value of fidelity bond covering the plan	2007-12-31	$25,000
Total contributions received or receivable from participants	2007-12-31	$66,186
Expenses. Other expenses not covered elsewhere	2007-12-31	$248
Other income received	2007-12-31	$32,650
Net income (gross income less expenses)	2007-12-31	$83,652
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$1,345,776
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$1,262,124
Total contributions received or receivable from employer(s)	2007-12-31	$27,691

Form 5500 Responses for THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN

2007: THE HIGGINS GROUP PROFIT SHARING AND 401(K) PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	No
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

4-26116

Policy instance

Insurance contract or identification number	4-26116
Number of Individuals Covered	31
Insurance policy start date	2007-01-01
Insurance policy end date	2007-12-31
Total amount of commissions paid to insurance broker	USD $2,916
Total amount of fees paid to insurance company	USD $191
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

THE HIGGINS GROUP, INC 401(K) RETIREMENT PLAN [EIN = 232963669]

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Company Name:	THE HIGGINS GROUP CORP.
Employer identification number (EIN):	650532788
NAIC Classification:	311110
NAIC Description:	Animal Food Manufacturing

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1994-09-29
Company Identification Number:	P94000071787
Legal Registered Office Address:	3198 NW 125 ST MIAMI 33167