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RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 401k Plan overview

Plan NameRETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC.
Plan identification number 001

RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 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).
  • 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

LOVE'S BAKERY, INC. has sponsored the creation of one or more 401k plans.

Company Name:LOVE'S BAKERY, INC.
Employer identification number (EIN):990210617
NAIC Classification:311800
NAIC Description: Bakeries and Tortilla Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01IRMINA WEBSTER2015-07-27
0012013-01-01FILED WITH AN AUTHORIZED SIGNATURE2014-09-03
0012012-01-01FILED WITH AUTHORIZED SIGNATURE2013-10-03
0012011-01-01J HAGI2012-10-15
0012010-01-01J HAGI2011-10-05 J HAGI2011-10-05

Plan Statistics for RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC.

401k plan membership statisitcs for RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC.

Measure Date Value
2020: RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 2020 401k membership
Market value of plan assets2020-12-316,623,538
Acturial value of plan assets2020-12-316,623,538
Funding target for retired participants and beneficiaries receiving payment2020-12-312,864,150
Number of terminated vested participants2020-12-3122
Fundng target for terminated vested participants2020-12-31844,859
Active participant vested funding target2020-12-312,064,751
Number of active participants2020-12-3123
Total funding liabilities for active participants2020-12-312,086,350
Total participant count2020-12-3169
Total funding target for all participants2020-12-315,795,359
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31387,555
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31387,555
Present value of excess contributions2020-12-3189,519
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3194,505
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3194,505
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31557,401
Total employer contributions2020-12-31152,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31149,502
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3160,331
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31149,502
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 2019 401k membership
Market value of plan assets2019-12-315,604,401
Acturial value of plan assets2019-12-315,604,401
Funding target for retired participants and beneficiaries receiving payment2019-12-312,864,201
Number of terminated vested participants2019-12-3118
Fundng target for terminated vested participants2019-12-31661,652
Active participant vested funding target2019-12-312,058,507
Number of active participants2019-12-3129
Total funding liabilities for active participants2019-12-312,090,058
Total participant count2019-12-3170
Total funding target for all participants2019-12-315,615,911
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31224,823
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31224,823
Present value of excess contributions2019-12-31164,056
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31173,456
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31173,456
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31387,555
Total employer contributions2019-12-31233,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31229,135
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3174,773
Net shortfall amortization installment of oustanding balance2019-12-31399,065
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31139,616
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31139,616
Contributions allocatedtoward minimum required contributions for current year2019-12-31229,135
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 2018 401k membership
Market value of plan assets2018-12-316,345,776
Acturial value of plan assets2018-12-316,345,776
Funding target for retired participants and beneficiaries receiving payment2018-12-312,754,788
Number of terminated vested participants2018-12-3118
Fundng target for terminated vested participants2018-12-31554,273
Active participant vested funding target2018-12-312,676,399
Number of active participants2018-12-3138
Total funding liabilities for active participants2018-12-312,768,100
Total participant count2018-12-3178
Total funding target for all participants2018-12-316,077,161
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31195,958
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31195,958
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31224,823
Total employer contributions2018-12-31212,405
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31208,407
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3188,143
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3144,351
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3144,351
Contributions allocatedtoward minimum required contributions for current year2018-12-31208,407
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 2017 401k membership
Market value of plan assets2017-12-315,636,235
Acturial value of plan assets2017-12-315,636,235
Funding target for retired participants and beneficiaries receiving payment2017-12-311,571,881
Number of terminated vested participants2017-12-3118
Fundng target for terminated vested participants2017-12-31523,165
Active participant vested funding target2017-12-313,317,402
Number of active participants2017-12-3139
Total funding liabilities for active participants2017-12-313,421,523
Total participant count2017-12-3177
Total funding target for all participants2017-12-315,516,569
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31184,657
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31195,958
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31195,958
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31195,958
Total employer contributions2017-12-31480,595
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31472,629
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31463,645
Net shortfall amortization installment of oustanding balance2017-12-3148,275
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31472,629
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31472,629
Contributions allocatedtoward minimum required contributions for current year2017-12-31472,629
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR SALARIED EMPLOYEES OF LOVE'S BAKERY, INC. 2016 401k membership
Market value of plan assets2016-12-314,850,112
Acturial value of plan assets2016-12-314,850,112
Funding target for retired participants and beneficiaries receiving payment2016-12-311,215,843
Number of terminated vested participants2016-12-3118
Fundng target for terminated vested participants2016-12-31562,423
Active participant vested funding target2016-12-313,037,010
Number of active participants2016-12-3136
Total funding liabilities for active participants2016-12-313,126,221
Total participant count2016-12-3171
Total funding target for all participants2016-12-314,904,487
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31359,692
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31382,425
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31658,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31639,471
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31445,830
Net shortfall amortization installment of oustanding balance2016-12-3154,375
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31454,814
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31454,814
Contributions allocatedtoward minimum required contributions for current year2016-12-31639,471
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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