401k Plan data: FLORATECH PROFIT SHARING PLAN plan

FLORATECH PROFIT SHARING PLAN 401k Plan overview

Plan Name	FLORATECH PROFIT SHARING PLAN
Plan identification number	002

FLORATECH PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Stock bonus
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

INTERNATIONAL FLORA TECHNOLOGIES LTD. has sponsored the creation of one or more 401k plans.

Company Name: INTERNATIONAL FLORA TECHNOLOGIES LTD.

Employer identification number (EIN): 133035634

NAIC Classification: 325600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLORATECH PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 MATT WRIGHT 2022-12-15
002 2021-01-01 MATT WRIGHT 2022-06-30
002 2020-01-01 JAMES S. BROWN 2021-03-16
002 2019-01-01 JAMES H. BROWN 2020-06-25
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01 JAMES H. BROWN
002 2014-01-01 JAMES H. BROWN
002 2013-01-01 JAMES H. BROWN
002 2012-01-01 JAMES H. BROWN
002 2011-01-01 JAMES H. BROWN
002 2009-01-01 JAMES H. BROWN JAMES H. BROWN 2010-07-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	MATT WRIGHT	2022-12-15
002	2021-01-01	MATT WRIGHT	2022-06-30
002	2020-01-01	JAMES S. BROWN	2021-03-16
002	2019-01-01	JAMES H. BROWN	2020-06-25
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01	JAMES H. BROWN
002	2014-01-01	JAMES H. BROWN
002	2013-01-01	JAMES H. BROWN
002	2012-01-01	JAMES H. BROWN
002	2011-01-01	JAMES H. BROWN
002	2009-01-01	JAMES H. BROWN		JAMES H. BROWN	2010-07-21

Financial Data on FLORATECH PROFIT SHARING PLAN

Measure	Date	Value
2022 : FLORATECH PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources	2022-11-08	$1
Expenses. Total of all expenses incurred	2022-11-08	$31,905
Benefits paid (including direct rollovers)	2022-11-08	$31,905
Total plan assets at end of year	2022-11-08	$0
Total plan assets at beginning of year	2022-11-08	$31,904
Value of fidelity bond covering the plan	2022-11-08	$1,000,000
Other income received	2022-11-08	$1
Net income (gross income less expenses)	2022-11-08	$-31,904
Net plan assets at end of year (total assets less liabilities)	2022-11-08	$0
Net plan assets at beginning of year (total assets less liabilities)	2022-11-08	$31,904
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2022-11-08	$0
2021 : FLORATECH PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$5,046,772
Expenses. Total of all expenses incurred	2021-12-31	$58,295,477
Benefits paid (including direct rollovers)	2021-12-31	$58,295,477
Total plan assets at end of year	2021-12-31	$31,904
Total plan assets at beginning of year	2021-12-31	$53,280,609
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Other income received	2021-12-31	$5,046,772
Net income (gross income less expenses)	2021-12-31	$-53,248,705
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$31,904
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$53,280,609
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : FLORATECH PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at beginning of year	2020-12-31	$4,714,005
Total income from all sources	2020-12-31	$144,979,460
Expenses. Total of all expenses incurred	2020-12-31	$134,564,761
Benefits paid (including direct rollovers)	2020-12-31	$134,437,734
Total plan assets at end of year	2020-12-31	$53,280,609
Total plan assets at beginning of year	2020-12-31	$47,579,915
Value of fidelity bond covering the plan	2020-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2020-12-31	$127,027
Other income received	2020-12-31	$143,939,970
Net income (gross income less expenses)	2020-12-31	$10,414,699
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$53,280,609
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$42,865,910
Assets. Value of employer securities	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$1,039,490
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : FLORATECH PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$4,714,005
Total plan liabilities at beginning of year	2019-12-31	$4,811,634
Total income from all sources	2019-12-31	$12,688,867
Expenses. Total of all expenses incurred	2019-12-31	$753,555
Benefits paid (including direct rollovers)	2019-12-31	$626,528
Total plan assets at end of year	2019-12-31	$47,579,915
Total plan assets at beginning of year	2019-12-31	$35,742,232
Value of fidelity bond covering the plan	2019-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2019-12-31	$127,027
Other income received	2019-12-31	$11,829,910
Net income (gross income less expenses)	2019-12-31	$11,935,312
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$42,865,910
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$30,930,598
Assets. Value of employer securities	2019-12-31	$47,571,140
Total contributions received or receivable from employer(s)	2019-12-31	$858,957
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : FLORATECH PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$4,811,634
Total plan liabilities at beginning of year	2018-12-31	$4,907,128
Total income from all sources	2018-12-31	$11,551,756
Expenses. Total of all expenses incurred	2018-12-31	$604,277
Benefits paid (including direct rollovers)	2018-12-31	$475,115
Total plan assets at end of year	2018-12-31	$35,742,232
Total plan assets at beginning of year	2018-12-31	$24,890,247
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2018-12-31	$129,162
Other income received	2018-12-31	$10,851,880
Net income (gross income less expenses)	2018-12-31	$10,947,479
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$30,930,598
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$19,983,119
Assets. Value of employer securities	2018-12-31	$35,741,980
Total contributions received or receivable from employer(s)	2018-12-31	$699,876
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : FLORATECH PROFIT SHARING PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$4,907,128
Total plan liabilities at beginning of year	2017-12-31	$5,000,166
Total income from all sources	2017-12-31	$2,227,005
Expenses. Total of all expenses incurred	2017-12-31	$454,553
Benefits paid (including direct rollovers)	2017-12-31	$322,935
Total plan assets at end of year	2017-12-31	$24,890,247
Total plan assets at beginning of year	2017-12-31	$23,210,833
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2017-12-31	$131,618
Other income received	2017-12-31	$1,710,240
Net income (gross income less expenses)	2017-12-31	$1,772,452
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$19,983,119
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$18,210,667
Assets. Value of employer securities	2017-12-31	$24,890,100
Total contributions received or receivable from employer(s)	2017-12-31	$516,765
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : FLORATECH PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$5,000,166
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$428,542
Expenses. Total of all expenses incurred	2016-12-31	$5,224,841
Benefits paid (including direct rollovers)	2016-12-31	$5,201,890
Total plan assets at end of year	2016-12-31	$23,210,833
Total plan assets at beginning of year	2016-12-31	$23,006,966
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2016-12-31	$22,951
Other income received	2016-12-31	$173,060
Net income (gross income less expenses)	2016-12-31	$-4,796,299
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$18,210,667
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$23,006,966
Assets. Value of employer securities	2016-12-31	$23,179,860
Total contributions received or receivable from employer(s)	2016-12-31	$255,482
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : FLORATECH PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$1,421,854
Total income from all sources	2015-12-31	$2,753,733
Expenses. Total of all expenses incurred	2015-12-31	$721,118
Benefits paid (including direct rollovers)	2015-12-31	$608,359
Total plan assets at end of year	2015-12-31	$23,006,966
Total plan assets at beginning of year	2015-12-31	$22,396,205
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2015-12-31	$112,759
Other income received	2015-12-31	$1,025,380
Noncash contributions received	2015-12-31	$511,696
Net income (gross income less expenses)	2015-12-31	$2,032,615
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$23,006,966
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$20,974,351
Assets. Value of employer securities	2015-12-31	$23,006,800
Total contributions received or receivable from employer(s)	2015-12-31	$1,216,657
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : FLORATECH PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$1,421,854
Total plan liabilities at beginning of year	2014-12-31	$2,401,651
Total income from all sources	2014-12-31	$897,689
Expenses. Total of all expenses incurred	2014-12-31	$935,872
Benefits paid (including direct rollovers)	2014-12-31	$809,786
Total plan assets at end of year	2014-12-31	$22,396,205
Total plan assets at beginning of year	2014-12-31	$23,414,185
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2014-12-31	$126,086
Other income received	2014-12-31	$-184,231
Net income (gross income less expenses)	2014-12-31	$-38,183
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$20,974,351
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$21,012,534
Assets. Value of employer securities	2014-12-31	$22,396,000
Total contributions received or receivable from employer(s)	2014-12-31	$1,081,920
2013 : FLORATECH PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$2,401,651
Total plan liabilities at beginning of year	2013-12-31	$3,332,574
Total income from all sources	2013-12-31	$3,482,586
Expenses. Total of all expenses incurred	2013-12-31	$719,263
Benefits paid (including direct rollovers)	2013-12-31	$544,303
Total plan assets at end of year	2013-12-31	$23,414,185
Total plan assets at beginning of year	2013-12-31	$21,581,785
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2013-12-31	$174,960
Other income received	2013-12-31	$2,492,799
Net income (gross income less expenses)	2013-12-31	$2,763,323
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$21,012,534
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$18,249,211
Assets. Value of employer securities	2013-12-31	$23,414,000
Total contributions received or receivable from employer(s)	2013-12-31	$989,787
2012 : FLORATECH PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$3,332,574
Total plan liabilities at beginning of year	2012-12-31	$4,316,746
Total income from all sources	2012-12-31	$2,290,340
Expenses. Total of all expenses incurred	2012-12-31	$593,625
Benefits paid (including direct rollovers)	2012-12-31	$366,938
Total plan assets at end of year	2012-12-31	$21,581,785
Total plan assets at beginning of year	2012-12-31	$20,869,242
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2012-12-31	$226,687
Other income received	2012-12-31	$1,427,004
Net income (gross income less expenses)	2012-12-31	$1,696,715
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$18,249,211
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$16,552,496
Assets. Value of employer securities	2012-12-31	$21,581,600
Total contributions received or receivable from employer(s)	2012-12-31	$863,336
2011 : FLORATECH PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$4,316,746
Total plan liabilities at beginning of year	2011-12-31	$5,152,142
Total income from all sources	2011-12-31	$4,894,442
Expenses. Total of all expenses incurred	2011-12-31	$699,646
Benefits paid (including direct rollovers)	2011-12-31	$429,159
Total plan assets at end of year	2011-12-31	$20,869,242
Total plan assets at beginning of year	2011-12-31	$17,509,842
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2011-12-31	$270,487
Other income received	2011-12-31	$4,108,255
Net income (gross income less expenses)	2011-12-31	$4,194,796
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$16,552,496
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$12,357,700
Assets. Value of employer securities	2011-12-31	$20,869,000
Total contributions received or receivable from employer(s)	2011-12-31	$786,187
2010 : FLORATECH PROFIT SHARING PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$1,639,172
Total plan liabilities at end of year	2010-12-31	$5,152,142
Total plan liabilities at beginning of year	2010-12-31	$5,945,867
Total income from all sources	2010-12-31	$5,796,853
Expenses. Total of all expenses incurred	2010-12-31	$422,178
Benefits paid (including direct rollovers)	2010-12-31	$109,970
Total plan assets at end of year	2010-12-31	$17,509,842
Total plan assets at beginning of year	2010-12-31	$11,289,720
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Expenses. Other expenses not covered elsewhere	2010-12-31	$312,208
Other income received	2010-12-31	$5,038,150
Net income (gross income less expenses)	2010-12-31	$5,374,675
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$12,357,700
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$5,343,853
Assets. Value of employer securities	2010-12-31	$17,509,600
Total contributions received or receivable from employer(s)	2010-12-31	$758,703

Form 5500 Responses for FLORATECH PROFIT SHARING PLAN

2022: FLORATECH PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	Yes
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: FLORATECH PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: FLORATECH PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FLORATECH PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FLORATECH PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FLORATECH PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FLORATECH PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FLORATECH PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FLORATECH PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FLORATECH PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FLORATECH PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
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 – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FLORATECH PROFIT SHARING 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 – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FLORATECH PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	INTERNATIONAL FLORA TECHNOLOGIES LTD.
Employer identification number (EIN):	133035634
NAIC Classification:	325600