401k Plan data: BORG PRODUCE 401(K) PLAN plan

BORG PRODUCE 401(K) PLAN 401k Plan overview

Plan Name	BORG PRODUCE 401(K) PLAN
Plan identification number	002

BORG PRODUCE 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
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

BORG PRODUCE SALES, LLC has sponsored the creation of one or more 401k plans.

Company Name: BORG PRODUCE SALES, LLC

Employer identification number (EIN): 954807577

NAIC Classification: 424500

Additional information about BORG PRODUCE SALES, LLC

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: 200006710135

More information about BORG PRODUCE SALES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BORG PRODUCE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2012-01-01 LINDA CHEN LINDA CHEN 2013-11-07
002 2011-01-01 LINDA CHEN LINDA CHEN 2012-10-12
002 2010-01-01 LINDA CHEN LINDA CHEN 2011-10-14

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2012-01-01	LINDA CHEN	LINDA CHEN	2013-11-07
002	2011-01-01	LINDA CHEN	LINDA CHEN	2012-10-12
002	2010-01-01	LINDA CHEN	LINDA CHEN	2011-10-14

Plan Statistics for BORG PRODUCE 401(K) PLAN

401k plan membership statisitcs for BORG PRODUCE 401(K) PLAN

Measure Date Value
2012: BORG PRODUCE 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 289
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 85
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 17
Total of all active and inactive participants 2012-01-01 102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 102
Number of participants with account balances 2012-01-01 75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 10
2011: BORG PRODUCE 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 294
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 179
Number of other retired or separated participants entitled to future benefits 2011-01-01 104
Total of all active and inactive participants 2011-01-01 283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 283
Number of participants with account balances 2011-01-01 230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 1
2010: BORG PRODUCE 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 325
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 186
Number of other retired or separated participants entitled to future benefits 2010-01-01 107
Total of all active and inactive participants 2010-01-01 293
Total participants 2010-01-01 293
Number of participants with account balances 2010-01-01 224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 6

Measure	Date	Value
2012: BORG PRODUCE 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	289
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	85
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	17
Total of all active and inactive participants	2012-01-01	102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	102
Number of participants with account balances	2012-01-01	75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	10
2011: BORG PRODUCE 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	294
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	179
Number of other retired or separated participants entitled to future benefits	2011-01-01	104
Total of all active and inactive participants	2011-01-01	283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	283
Number of participants with account balances	2011-01-01	230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	1
2010: BORG PRODUCE 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	325
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	186
Number of other retired or separated participants entitled to future benefits	2010-01-01	107
Total of all active and inactive participants	2010-01-01	293
Total participants	2010-01-01	293
Number of participants with account balances	2010-01-01	224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	6

Financial Data on BORG PRODUCE 401(K) PLAN

Measure	Date	Value
2012 : BORG PRODUCE 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$749,017
Total of all expenses incurred	2012-12-31	$2,113,450
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,104,865
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$334,068
Value of total assets at end of year	2012-12-31	$2,796,900
Value of total assets at beginning of year	2012-12-31	$4,161,333
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$8,585
Total interest from all sources	2012-12-31	$2,068
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$4,974
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$4,974
Administrative expenses professional fees incurred	2012-12-31	$455
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$100,000
If this is an individual account plan, was there a blackout period	2012-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$266,044
Participant contributions at end of year	2012-12-31	$19,339
Participant contributions at beginning of year	2012-12-31	$50,639
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$0
Other income not declared elsewhere	2012-12-31	$-2,757
Total non interest bearing cash at beginning of year	2012-12-31	$40,814
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-1,364,433
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$2,796,900
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$4,161,333
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$13
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$624,076
Value of interest in pooled separate accounts at end of year	2012-12-31	$2,119,485
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$4,019,246
Interest on participant loans	2012-12-31	$1,606
Interest earned on other investments	2012-12-31	$109
Income. Interest from US Government securities	2012-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$353
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2012-12-31	$34,000
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2012-12-31	$50,634
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$6,371
Net investment gain/loss from pooled separate accounts	2012-12-31	$404,293
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$68,024
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,104,865
Contract administrator fees	2012-12-31	$8,117
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	Yes
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	MOSS ADAMS, LLP
Accountancy firm EIN	2012-12-31	910189318
2011 : BORG PRODUCE 401(K) PLAN 2011 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$305,334
Total of all expenses incurred	2011-12-31	$500,772
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$407,074
Expenses. Certain deemed distributions of participant loans	2011-12-31	$77,410
Value of total corrective distributions	2011-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$454,124
Value of total assets at end of year	2011-12-31	$4,120,519
Value of total assets at beginning of year	2011-12-31	$4,315,957
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$16,288
Total interest from all sources	2011-12-31	$3,675
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$100,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$351,808
Participant contributions at end of year	2011-12-31	$50,639
Participant contributions at beginning of year	2011-12-31	$49,580
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$11,342
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-195,438
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$4,120,519
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$4,315,957
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$710
Value of interest in pooled separate accounts at end of year	2011-12-31	$4,019,246
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$4,218,711
Interest on participant loans	2011-12-31	$2,625
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$1,050
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$50,634
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$47,666
Net investment gain/loss from pooled separate accounts	2011-12-31	$-152,465
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$90,974
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$407,074
Contract administrator fees	2011-12-31	$15,578
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	SOBUL, PRIMES AND SCHENKEL, CPAS
Accountancy firm EIN	2011-12-31	953661421
2010 : BORG PRODUCE 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total transfer of assets to this plan	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$983,955
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$502,173
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$427,476
Value of total corrective distributions	2010-12-31	$59,698
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$471,468
Value of total assets at end of year	2010-12-31	$4,315,957
Value of total assets at beginning of year	2010-12-31	$3,834,175
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$14,999
Total interest from all sources	2010-12-31	$3,570
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$620
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$100,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$364,089
Participant contributions at end of year	2010-12-31	$49,580
Participant contributions at beginning of year	2010-12-31	$36,843
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$20,434
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$481,782
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,315,957
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$3,834,175
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$4,218,711
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$3,753,392
Interest on participant loans	2010-12-31	$2,432
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$1,138
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$47,666
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$43,940
Net investment gain/loss from pooled separate accounts	2010-12-31	$508,917
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$86,945
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$427,476
Contract administrator fees	2010-12-31	$14,379
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	MEEPOS & COMPANY, CPA S
Accountancy firm EIN	2010-12-31	954334716

Form 5500 Responses for BORG PRODUCE 401(K) PLAN

2012: BORG PRODUCE 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: BORG PRODUCE 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: BORG PRODUCE 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BORG PRODUCE SALES, LLC
Employer identification number (EIN):	954807577
NAIC Classification:	424500

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	200006710135