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MINNESOTA GOLD MEATS PROFIT SHARING PLAN 401k Plan overview

Plan NameMINNESOTA GOLD MEATS PROFIT SHARING PLAN
Plan identification number 001

MINNESOTA GOLD MEATS PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing

401k Sponsoring company profile

MINNESOTA GOLD MEATS INC has sponsored the creation of one or more 401k plans.

Company Name:MINNESOTA GOLD MEATS INC
Employer identification number (EIN):411805639
NAIC Classification:424400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MINNESOTA GOLD MEATS PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DOUG FERNS2024-01-25
0012021-01-01DOUG FERNS2022-01-14
0012020-01-01
0012019-01-01
0012018-01-01DOUG FERNS
0012017-01-01DOUG FERNS DOUG FERNS2018-03-07
0012016-01-01DOUG FERNS DOUG FERNS2017-01-10
0012015-01-01DOUG FERNS DOUG FERNS2016-01-18
0012014-01-01DOUG FERNS DOUG FERNS2015-03-02
0012013-01-01DOUG FERNS DOUG FERNS2014-02-28
0012012-01-01DOUG FERNS DOUG FERNS2013-04-04
0012011-01-01DOUG FERNS
0012009-01-01DOUG FERNS

Plan Statistics for MINNESOTA GOLD MEATS PROFIT SHARING PLAN

401k plan membership statisitcs for MINNESOTA GOLD MEATS PROFIT SHARING PLAN

Measure Date Value
2020: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-015
Total number of active participants reported on line 7a of the Form 55002020-01-016
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-016
Total participants2020-01-016
Number of participants with account balances2020-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-016
Total number of active participants reported on line 7a of the Form 55002019-01-014
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-016
Number of participants with account balances2019-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-016
Total number of active participants reported on line 7a of the Form 55002018-01-015
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-016
Number of participants with account balances2018-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-015
Total number of active participants reported on line 7a of the Form 55002017-01-014
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-015
Total participants2017-01-015
Number of participants with account balances2017-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-015
Total number of active participants reported on line 7a of the Form 55002016-01-015
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-016
Number of participants with account balances2016-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-017
Total number of active participants reported on line 7a of the Form 55002015-01-014
Number of retired or separated participants receiving benefits2015-01-012
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-017
Total participants2015-01-017
Number of participants with account balances2015-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-016
Total number of active participants reported on line 7a of the Form 55002014-01-014
Number of retired or separated participants receiving benefits2014-01-012
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-016
Number of participants with account balances2014-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-015
Total number of active participants reported on line 7a of the Form 55002013-01-015
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-016
Number of participants with account balances2013-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-015
Total number of active participants reported on line 7a of the Form 55002012-01-014
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-015
Number of participants with account balances2012-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-015
Total number of active participants reported on line 7a of the Form 55002011-01-014
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-015
Number of participants with account balances2011-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-015
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-015
Number of participants with account balances2009-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MINNESOTA GOLD MEATS PROFIT SHARING PLAN

Measure Date Value
2020 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$142,479
Expenses. Total of all expenses incurred2020-12-31$0
Total plan assets at end of year2020-12-31$570,834
Total plan assets at beginning of year2020-12-31$428,355
Value of fidelity bond covering the plan2020-12-31$500,000
Other income received2020-12-31$27,850
Net income (gross income less expenses)2020-12-31$142,479
Net plan assets at end of year (total assets less liabilities)2020-12-31$570,834
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$428,355
Total contributions received or receivable from employer(s)2020-12-31$114,629
2019 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$139,835
Expenses. Total of all expenses incurred2019-12-31$20,355
Benefits paid (including direct rollovers)2019-12-31$20,355
Total plan assets at end of year2019-12-31$428,355
Total plan assets at beginning of year2019-12-31$308,875
Value of fidelity bond covering the plan2019-12-31$500,000
Other income received2019-12-31$54,034
Net income (gross income less expenses)2019-12-31$119,480
Net plan assets at end of year (total assets less liabilities)2019-12-31$428,355
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$308,875
Total contributions received or receivable from employer(s)2019-12-31$85,801
2018 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$10,893
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$308,875
Total plan assets at beginning of year2018-12-31$297,982
Value of fidelity bond covering the plan2018-12-31$500,000
Other income received2018-12-31$-39,107
Net income (gross income less expenses)2018-12-31$10,893
Net plan assets at end of year (total assets less liabilities)2018-12-31$308,875
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$297,982
Total contributions received or receivable from employer(s)2018-12-31$50,000
2017 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$3,451
Expenses. Total of all expenses incurred2017-12-31$0
Total plan assets at end of year2017-12-31$297,982
Total plan assets at beginning of year2017-12-31$294,531
Value of fidelity bond covering the plan2017-12-31$500,000
Other income received2017-12-31$3,451
Net income (gross income less expenses)2017-12-31$3,451
Net plan assets at end of year (total assets less liabilities)2017-12-31$297,982
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$294,531
Total contributions received or receivable from employer(s)2017-12-31$0
2016 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$141,846
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$294,531
Total plan assets at beginning of year2016-12-31$152,685
Value of fidelity bond covering the plan2016-12-31$500,000
Other income received2016-12-31$54,096
Net income (gross income less expenses)2016-12-31$141,846
Net plan assets at end of year (total assets less liabilities)2016-12-31$294,531
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$152,685
Total contributions received or receivable from employer(s)2016-12-31$87,750
2015 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$-54,235
Expenses. Total of all expenses incurred2015-12-31$37,195
Benefits paid (including direct rollovers)2015-12-31$37,195
Total plan assets at end of year2015-12-31$152,685
Total plan assets at beginning of year2015-12-31$244,115
Value of fidelity bond covering the plan2015-12-31$500,000
Other income received2015-12-31$-114,845
Net income (gross income less expenses)2015-12-31$-91,430
Net plan assets at end of year (total assets less liabilities)2015-12-31$152,685
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$244,115
Total contributions received or receivable from employer(s)2015-12-31$60,610
2014 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$4,033
Expenses. Total of all expenses incurred2014-12-31$7,000
Benefits paid (including direct rollovers)2014-12-31$7,000
Total plan assets at end of year2014-12-31$244,116
Total plan assets at beginning of year2014-12-31$247,083
Value of fidelity bond covering the plan2014-12-31$500,000
Other income received2014-12-31$-75,967
Net income (gross income less expenses)2014-12-31$-2,967
Net plan assets at end of year (total assets less liabilities)2014-12-31$244,116
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$247,083
Total contributions received or receivable from employer(s)2014-12-31$80,000
2013 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$39,036
Expenses. Total of all expenses incurred2013-12-31$0
Total plan assets at end of year2013-12-31$247,083
Total plan assets at beginning of year2013-12-31$208,047
Value of fidelity bond covering the plan2013-12-31$500,000
Other income received2013-12-31$-10,964
Net income (gross income less expenses)2013-12-31$39,036
Net plan assets at end of year (total assets less liabilities)2013-12-31$247,083
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$208,047
Total contributions received or receivable from employer(s)2013-12-31$50,000
2012 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total income from all sources2012-12-31$-2,086
Expenses. Total of all expenses incurred2012-12-31$0
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$208,047
Total plan assets at beginning of year2012-12-31$210,133
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-2,086
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$-2,086
Net plan assets at end of year (total assets less liabilities)2012-12-31$208,047
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$210,133
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
2011 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$-17,023
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$210,133
Total plan assets at beginning of year2011-12-31$227,156
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-17,023
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-17,023
Net plan assets at end of year (total assets less liabilities)2011-12-31$210,133
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$227,156
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$30,124
Expenses. Total of all expenses incurred2010-12-31$45,000
Benefits paid (including direct rollovers)2010-12-31$45,000
Total plan assets at end of year2010-12-31$227,156
Total plan assets at beginning of year2010-12-31$242,032
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$30,124
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$-14,876
Net plan assets at end of year (total assets less liabilities)2010-12-31$227,156
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$242,032
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for MINNESOTA GOLD MEATS PROFIT SHARING PLAN

2020: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01First time form 5500 has been submittedYes
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01First time form 5500 has been submittedYes
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01First time form 5500 has been submittedYes
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: MINNESOTA GOLD MEATS PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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