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S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameS & B MARKET, INC. DEFINED BENEFIT PENSION PLAN
Plan identification number 001

S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).
  • 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

S & B MARKET, INC. has sponsored the creation of one or more 401k plans.

Company Name:S & B MARKET, INC.
Employer identification number (EIN):942483961
NAIC Classification:445110
NAIC Description:Supermarkets and Other Grocery (except Convenience) Stores

Additional information about S & B MARKET, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2000-08-08
Company Identification Number: P00000075184
Legal Registered Office Address: 5960 NE 2ND AVENUE

MIAMI

33137

More information about S & B MARKET, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-04-01
0012022-04-01
0012021-04-01
0012020-04-01KAREN SJOLUND2022-01-13
0012019-04-01KAREN SJOLUND2021-01-07
0012019-04-01KAREN SJOLUND2021-01-07
0012018-04-01KAREN SJOLUND2020-01-14
0012017-04-01KAREN SJOLUND2019-01-09
0012016-04-01KAREN SJOLUND2018-01-09
0012015-04-01KAREN SJOLUND2017-01-11
0012014-04-01KAREN SJOLUND2016-01-12
0012013-04-01KAREN SJOLUND2015-01-15
0012012-04-01KAREN SJOLUND2014-01-13 KAREN SJOLUND2014-01-13
0012011-04-01KAREN SJOLUND2013-01-10 KAREN SJOLUND2013-01-10
0012010-04-01KAREN SJOLUND2012-01-13 KAREN SJOLUND2012-01-13
0012009-04-01KAREN SJOLUND KAREN SJOLUND2011-01-12

Plan Statistics for S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2025: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2025 401k membership
Total number of particpants at beginning of year2025-01-1014
Total number of particpants at end of year2025-01-1014
2023: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets2023-03-31843,094
Acturial value of plan assets2023-03-31828,719
Funding target for retired participants and beneficiaries receiving payment2023-03-310
Number of terminated vested participants2023-03-3110
Fundng target for terminated vested participants2023-03-31335,712
Active participant vested funding target2023-03-31578,915
Number of active participants2023-03-314
Total funding liabilities for active participants2023-03-31578,915
Total participant count2023-03-3114
Total funding target for all participants2023-03-31914,627
Balance at beginning of prior year after applicable adjustments2023-03-310
Prefunding balance at beginning of prior year after applicable adjustments2023-03-310
Amount remaining of carryover balance2023-03-310
Amount remaining of prefunding balance2023-03-310
Present value of excess contributions2023-03-31138,591
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-31146,116
Reductions in caryover balances due to elections or deemed elections2023-03-310
Reductions in prefunding balances due to elections or deemed elections2023-03-310
Balance of carryovers at beginning of current year2023-03-310
Balance of prefunding at beginning of current year2023-03-310
Total employer contributions2023-03-3190,000
Total employee contributions2023-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-310
Contributions made to avoid restrictions adjusted to valuation date2023-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-3183,011
Unpaid minimum required contributions for all prior years2023-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-310
Remaining amount of unpaid minimum required contributions2023-03-310
Minimum required contributions for current year target normal cost2023-03-310
Net shortfall amortization installment of oustanding balance2023-03-3185,908
Waiver amortization installment2023-03-310
Total funding amount beforereflecting carryover/prefunding balances2023-03-319,480
Additional cash requirement2023-03-319,480
Contributions allocatedtoward minimum required contributions for current year2023-03-3183,011
Unpaid minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for all years2023-03-310
2022: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2022 401k membership
Total number of particpants at beginning of year2022-12-1314
Total number of particpants at end of year2022-12-1314
Market value of plan assets2022-03-31693,066
Acturial value of plan assets2022-03-31687,589
Funding target for retired participants and beneficiaries receiving payment2022-03-310
Number of terminated vested participants2022-03-3110
Fundng target for terminated vested participants2022-03-31312,328
Active participant vested funding target2022-03-31534,697
Number of active participants2022-03-314
Total funding liabilities for active participants2022-03-31534,697
Total participant count2022-03-3114
Total funding target for all participants2022-03-31847,025
Balance at beginning of prior year after applicable adjustments2022-03-310
Prefunding balance at beginning of prior year after applicable adjustments2022-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-310
Amount remaining of prefunding balance2022-03-310
Present value of excess contributions2022-03-3111,010
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-3111,631
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-310
Balance of prefunding at beginning of current year2022-03-310
Total employer contributions2022-03-31165,000
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-31154,233
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-310
Net shortfall amortization installment of oustanding balance2022-03-31159,436
Total funding amount beforereflecting carryover/prefunding balances2022-03-3115,642
Additional cash requirement2022-03-3115,642
Contributions allocatedtoward minimum required contributions for current year2022-03-31154,233
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets2021-03-31584,825
Acturial value of plan assets2021-03-31605,062
Funding target for retired participants and beneficiaries receiving payment2021-03-310
Number of terminated vested participants2021-03-3110
Fundng target for terminated vested participants2021-03-31291,477
Active participant vested funding target2021-03-31497,631
Number of active participants2021-03-314
Total funding liabilities for active participants2021-03-31497,631
Total participant count2021-03-3114
Total funding target for all participants2021-03-31789,108
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-310
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-310
Present value of excess contributions2021-03-31620
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-31654
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-310
Total employer contributions2021-03-3131,624
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-3128,289
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-310
Net shortfall amortization installment of oustanding balance2021-03-31184,046
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-3117,279
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-310
Additional cash requirement2021-03-3117,279
Contributions allocatedtoward minimum required contributions for current year2021-03-3128,289
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets2020-03-31652,044
Acturial value of plan assets2020-03-31715,194
Funding target for retired participants and beneficiaries receiving payment2020-03-310
Number of terminated vested participants2020-03-3110
Fundng target for terminated vested participants2020-03-31380,624
Active participant vested funding target2020-03-31480,466
Number of active participants2020-03-315
Total funding liabilities for active participants2020-03-31480,466
Total participant count2020-03-3115
Total funding target for all participants2020-03-31861,090
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-310
Present value of excess contributions2020-03-31114
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-31120
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-310
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-310
Total employer contributions2020-03-3147,057
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-3142,014
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-310
Net shortfall amortization installment of oustanding balance2020-03-31145,896
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-3141,394
Additional cash requirement2020-03-3141,394
Contributions allocatedtoward minimum required contributions for current year2020-03-3142,014
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets2019-03-31584,786
Acturial value of plan assets2019-03-31594,490
Funding target for retired participants and beneficiaries receiving payment2019-03-310
Number of terminated vested participants2019-03-3110
Fundng target for terminated vested participants2019-03-31354,221
Active participant vested funding target2019-03-31445,628
Number of active participants2019-03-315
Total funding liabilities for active participants2019-03-31445,628
Total participant count2019-03-3115
Total funding target for all participants2019-03-31799,849
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-310
Present value of excess contributions2019-03-31160
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-31169
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-310
Total employer contributions2019-03-3151,126
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-3144,961
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-310
Net shortfall amortization installment of oustanding balance2019-03-31205,359
Total funding amount beforereflecting carryover/prefunding balances2019-03-3144,847
Additional cash requirement2019-03-3144,847
Contributions allocatedtoward minimum required contributions for current year2019-03-3144,961
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-03-31701,274
Acturial value of plan assets2018-03-31708,820
Funding target for retired participants and beneficiaries receiving payment2018-03-310
Number of terminated vested participants2018-03-319
Fundng target for terminated vested participants2018-03-31229,513
Active participant vested funding target2018-03-31619,276
Number of active participants2018-03-317
Total funding liabilities for active participants2018-03-31619,276
Total participant count2018-03-3116
Total funding target for all participants2018-03-31848,789
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-310
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-310
Present value of excess contributions2018-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-310
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-310
Total employer contributions2018-03-3146,981
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-3141,710
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-310
Net shortfall amortization installment of oustanding balance2018-03-31139,969
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-3141,550
Additional cash requirement2018-03-3141,550
Contributions allocatedtoward minimum required contributions for current year2018-03-3141,710
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310
2017: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets2017-03-31650,415
Acturial value of plan assets2017-03-31647,208
Funding target for retired participants and beneficiaries receiving payment2017-03-310
Number of terminated vested participants2017-03-319
Fundng target for terminated vested participants2017-03-31211,356
Active participant vested funding target2017-03-31569,976
Number of active participants2017-03-317
Total funding liabilities for active participants2017-03-31569,976
Total participant count2017-03-3116
Total funding target for all participants2017-03-31781,332
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-310
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-310
Present value of excess contributions2017-03-31182
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-31193
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-310
Total employer contributions2017-03-3129,656
Total employee contributions2017-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-3126,855
Unpaid minimum required contributions for all prior years2017-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-310
Minimum required contributions for current year target normal cost2017-03-310
Net shortfall amortization installment of oustanding balance2017-03-31134,124
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-3126,855
Additional cash requirement2017-03-3126,855
Contributions allocatedtoward minimum required contributions for current year2017-03-3126,855
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310
2009: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-04-0118
Total number of active participants reported on line 7a of the Form 55002009-04-018
Number of retired or separated participants receiving benefits2009-04-010
Number of other retired or separated participants entitled to future benefits2009-04-019
Total of all active and inactive participants2009-04-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-011
Total participants2009-04-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-010

Financial Data on S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN

Measure Date Value
2025 : S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-01-100
Total liabilities as of the end of the plan year2025-01-100
Total liabilities as of the beginning of the plan year2025-01-100
Total expenses incurred by plan in this plan year2025-01-1038712
Net assets as of the end of the plan year2025-01-10993271
Total assets as of the beginning of the plan year2025-01-10933094
Value of plan covered by a fidelity bond2025-01-10100000
Participant contributions to plan in this plan year2025-01-100
Other expenses paid from plan in this plan year2025-01-100
Other contributions to plan in this plan year2025-01-100
Other income to plan in this plan year2025-01-1085249
Plan net income in this plan year2025-01-1060177
Net assets as of the end of the plan year2025-01-10993271
Net assets as of the beginning of the plan year2025-01-10933094
Employer contributions to plan in this plan year2025-01-1013640
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-104179
2022 : S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-12-130
Total liabilities as of the end of the plan year2022-12-130
Total liabilities as of the beginning of the plan year2022-12-130
Total expenses incurred by plan in this plan year2022-12-133684
Net assets as of the end of the plan year2022-12-13893912
Total assets as of the beginning of the plan year2022-12-13693066
Participant contributions to plan in this plan year2022-12-130
Other expenses paid from plan in this plan year2022-12-130
Other contributions to plan in this plan year2022-12-130
Other income to plan in this plan year2022-12-1339530
Plan net income in this plan year2022-12-13200846
Net assets as of the end of the plan year2022-12-13893912
Net assets as of the beginning of the plan year2022-12-13693066
Employer contributions to plan in this plan year2022-12-13165000
Expensese paid to adminstrative service provicers from plan in this plan year2022-12-133684
2010 : S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-03-31$0

Form 5500 Responses for S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN

2009: S & B MARKET, INC. DEFINED BENEFIT PENSION PLAN 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan is a collectively bargained planNo
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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