401k Plan data: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST plan

KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST
Plan identification number	001

KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan Type

Defined 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).
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

KESSLER FARMS, INC has sponsored the creation of one or more 401k plans.

Company Name: KESSLER FARMS, INC

Employer identification number (EIN): 431109712

NAIC Classification: 112120
NAIC Description: Dairy Cattle and Milk Production

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-08-01 JASON KESSLER 2023-10-13
001 2021-08-01 JASON KESSLER 2023-05-15
001 2018-08-01 JASON KESSLER 2020-07-15 JASON KESSLER 2020-07-15
001 2017-08-01 JASON KESSLER 2019-05-14 JASON KESSLER 2019-05-14
001 2016-08-01 JASON KESSLER 2018-05-15 JASON KESSLER 2018-05-15
001 2015-08-01 JASON KESSLER 2017-05-15
001 2014-08-01 JASON KESSLER 2016-05-16
001 2010-08-01 JASON KESSLER 2012-05-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-08-01	JASON KESSLER	2023-10-13
001	2021-08-01	JASON KESSLER	2023-05-15
001	2018-08-01	JASON KESSLER	2020-07-15	JASON KESSLER	2020-07-15
001	2017-08-01	JASON KESSLER	2019-05-14	JASON KESSLER	2019-05-14
001	2016-08-01	JASON KESSLER	2018-05-15	JASON KESSLER	2018-05-15
001	2015-08-01	JASON KESSLER	2017-05-15
001	2014-08-01	JASON KESSLER	2016-05-16
001	2010-08-01	JASON KESSLER	2012-05-15

Plan Statistics for KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets 2022-12-31 2,307,489
Acturial value of plan assets 2022-12-31 2,307,489
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 482,872
Number of terminated vested participants 2022-12-31 2
Fundng target for terminated vested participants 2022-12-31 467,958
Active participant vested funding target 2022-12-31 1,669,499
Number of active participants 2022-12-31 5
Total funding liabilities for active participants 2022-12-31 1,669,499
Total participant count 2022-12-31 8
Total funding target for all participants 2022-12-31 2,620,329
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 812
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 858
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 858
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 858
Total employer contributions 2022-12-31 50,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 47,108
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 0
Net shortfall amortization installment of oustanding balance 2022-12-31 313,698
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 12,152
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 12,152
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 47,108
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Market value of plan assets 2022-07-31 2,509,709
Acturial value of plan assets 2022-07-31 2,509,709
Funding target for retired participants and beneficiaries receiving payment 2022-07-31 484,104
Number of terminated vested participants 2022-07-31 2
Fundng target for terminated vested participants 2022-07-31 423,414
Active participant vested funding target 2022-07-31 1,536,844
Number of active participants 2022-07-31 5
Total funding liabilities for active participants 2022-07-31 1,536,844
Total participant count 2022-07-31 8
Total funding target for all participants 2022-07-31 2,444,362
Balance at beginning of prior year after applicable adjustments 2022-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-07-31 0
Amount remaining of carryover balance 2022-07-31 0
Amount remaining of prefunding balance 2022-07-31 0
Present value of excess contributions 2022-07-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-07-31 0
Reductions in caryover balances due to elections or deemed elections 2022-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-07-31 0
Balance of carryovers at beginning of current year 2022-07-31 0
Balance of prefunding at beginning of current year 2022-07-31 0
Total employer contributions 2022-07-31 22,295
Total employee contributions 2022-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-07-31 18,856
Contributions made to avoid restrictions adjusted to valuation date 2022-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-07-31 812
Unpaid minimum required contributions for all prior years 2022-07-31 18,856
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-07-31 18,856
Remaining amount of unpaid minimum required contributions 2022-07-31 0
Minimum required contributions for current year target normal cost 2022-07-31 5,542
Net shortfall amortization installment of oustanding balance 2022-07-31 0
Waiver amortization installment 2022-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-07-31 0
Carryover balance elected to use to offset funding requirement 2022-07-31 0
Prefunding balance elected to use to offset funding requirement 2022-07-31 0
Additional cash requirement 2022-07-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-07-31 812
Unpaid minimum required contributions for current year 2022-07-31 0
Unpaid minimum required contributions for all years 2022-07-31 0
2019: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets 2019-07-31 1,815,301
Acturial value of plan assets 2019-07-31 1,810,799
Active participant vested funding target 2019-07-31 2,042,580
Total funding liabilities for active participants 2019-07-31 2,042,580
Total funding target for all participants 2019-07-31 2,042,580
Present value of excess contributions 2019-07-31 4,039
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-07-31 4,254
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-07-31 4,254
Balance of prefunding at beginning of current year 2019-07-31 4,254
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-07-31 77,019
Minimum required contributions for current year target normal cost 2019-07-31 22,270
Net shortfall amortization installment of oustanding balance 2019-07-31 231,781
Total funding amount beforereflecting carryover/prefunding balances 2019-07-31 71,122
Prefunding balance elected to use to offset funding requirement 2019-07-31 4,254
Additional cash requirement 2019-07-31 66,868
Contributions allocatedtoward minimum required contributions for current year 2019-07-31 77,019
Unpaid minimum required contributions for all years 2019-07-31 0
2018: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-07-31 1,703,603
Acturial value of plan assets 2018-07-31 1,703,603
Active participant vested funding target 2018-07-31 1,838,704
Number of active participants 2018-07-31 8
Total funding liabilities for active participants 2018-07-31 1,838,704
Total participant count 2018-07-31 8
Total funding target for all participants 2018-07-31 1,838,704
Prefunding balance at beginning of prior year after applicable adjustments 2018-07-31 130,560
Prefunding balanced used to offset prior years funding requirement 2018-07-31 65,017
Amount remaining of prefunding balance 2018-07-31 65,543
Balance of prefunding at beginning of current year 2018-07-31 68,652
Total employer contributions 2018-07-31 11,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-07-31 10,293
Minimum required contributions for current year target normal cost 2018-07-31 35,558
Net shortfall amortization installment of oustanding balance 2018-07-31 203,753
Total funding amount beforereflecting carryover/prefunding balances 2018-07-31 74,906
Prefunding balance elected to use to offset funding requirement 2018-07-31 68,652
Additional cash requirement 2018-07-31 6,254
Contributions allocatedtoward minimum required contributions for current year 2018-07-31 10,293
Unpaid minimum required contributions for all years 2018-07-31 0
2017: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-07-31 1,585,060
Acturial value of plan assets 2017-07-31 1,585,060
Active participant vested funding target 2017-07-31 1,658,089
Number of active participants 2017-07-31 8
Total funding liabilities for active participants 2017-07-31 1,658,089
Total participant count 2017-07-31 8
Total funding target for all participants 2017-07-31 1,658,089
Prefunding balance at beginning of prior year after applicable adjustments 2017-07-31 139,648
Prefunding balanced used to offset prior years funding requirement 2017-07-31 10,724
Amount remaining of prefunding balance 2017-07-31 128,924
Balance of prefunding at beginning of current year 2017-07-31 130,560
Total employer contributions 2017-07-31 4,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-07-31 3,874
Minimum required contributions for current year target normal cost 2017-07-31 33,615
Net shortfall amortization installment of oustanding balance 2017-07-31 203,589
Total funding amount beforereflecting carryover/prefunding balances 2017-07-31 68,891
Prefunding balance elected to use to offset funding requirement 2017-07-31 65,107
Additional cash requirement 2017-07-31 3,784
Contributions allocatedtoward minimum required contributions for current year 2017-07-31 3,874
Unpaid minimum required contributions for all years 2017-07-31 0

Measure	Date	Value
2022: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets	2022-12-31	2,307,489
Acturial value of plan assets	2022-12-31	2,307,489
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	482,872
Number of terminated vested participants	2022-12-31	2
Fundng target for terminated vested participants	2022-12-31	467,958
Active participant vested funding target	2022-12-31	1,669,499
Number of active participants	2022-12-31	5
Total funding liabilities for active participants	2022-12-31	1,669,499
Total participant count	2022-12-31	8
Total funding target for all participants	2022-12-31	2,620,329
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	812
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	858
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	858
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	858
Total employer contributions	2022-12-31	50,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	47,108
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	0
Net shortfall amortization installment of oustanding balance	2022-12-31	313,698
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	12,152
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	12,152
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	47,108
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Market value of plan assets	2022-07-31	2,509,709
Acturial value of plan assets	2022-07-31	2,509,709
Funding target for retired participants and beneficiaries receiving payment	2022-07-31	484,104
Number of terminated vested participants	2022-07-31	2
Fundng target for terminated vested participants	2022-07-31	423,414
Active participant vested funding target	2022-07-31	1,536,844
Number of active participants	2022-07-31	5
Total funding liabilities for active participants	2022-07-31	1,536,844
Total participant count	2022-07-31	8
Total funding target for all participants	2022-07-31	2,444,362
Balance at beginning of prior year after applicable adjustments	2022-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-07-31	0
Amount remaining of carryover balance	2022-07-31	0
Amount remaining of prefunding balance	2022-07-31	0
Present value of excess contributions	2022-07-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-07-31	0
Reductions in caryover balances due to elections or deemed elections	2022-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-07-31	0
Balance of carryovers at beginning of current year	2022-07-31	0
Balance of prefunding at beginning of current year	2022-07-31	0
Total employer contributions	2022-07-31	22,295
Total employee contributions	2022-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-07-31	18,856
Contributions made to avoid restrictions adjusted to valuation date	2022-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-07-31	812
Unpaid minimum required contributions for all prior years	2022-07-31	18,856
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-07-31	18,856
Remaining amount of unpaid minimum required contributions	2022-07-31	0
Minimum required contributions for current year target normal cost	2022-07-31	5,542
Net shortfall amortization installment of oustanding balance	2022-07-31	0
Waiver amortization installment	2022-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-07-31	0
Carryover balance elected to use to offset funding requirement	2022-07-31	0
Prefunding balance elected to use to offset funding requirement	2022-07-31	0
Additional cash requirement	2022-07-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-07-31	812
Unpaid minimum required contributions for current year	2022-07-31	0
Unpaid minimum required contributions for all years	2022-07-31	0
2019: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets	2019-07-31	1,815,301
Acturial value of plan assets	2019-07-31	1,810,799
Active participant vested funding target	2019-07-31	2,042,580
Total funding liabilities for active participants	2019-07-31	2,042,580
Total funding target for all participants	2019-07-31	2,042,580
Present value of excess contributions	2019-07-31	4,039
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-07-31	4,254
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-07-31	4,254
Balance of prefunding at beginning of current year	2019-07-31	4,254
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-07-31	77,019
Minimum required contributions for current year target normal cost	2019-07-31	22,270
Net shortfall amortization installment of oustanding balance	2019-07-31	231,781
Total funding amount beforereflecting carryover/prefunding balances	2019-07-31	71,122
Prefunding balance elected to use to offset funding requirement	2019-07-31	4,254
Additional cash requirement	2019-07-31	66,868
Contributions allocatedtoward minimum required contributions for current year	2019-07-31	77,019
Unpaid minimum required contributions for all years	2019-07-31	0
2018: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-07-31	1,703,603
Acturial value of plan assets	2018-07-31	1,703,603
Active participant vested funding target	2018-07-31	1,838,704
Number of active participants	2018-07-31	8
Total funding liabilities for active participants	2018-07-31	1,838,704
Total participant count	2018-07-31	8
Total funding target for all participants	2018-07-31	1,838,704
Prefunding balance at beginning of prior year after applicable adjustments	2018-07-31	130,560
Prefunding balanced used to offset prior years funding requirement	2018-07-31	65,017
Amount remaining of prefunding balance	2018-07-31	65,543
Balance of prefunding at beginning of current year	2018-07-31	68,652
Total employer contributions	2018-07-31	11,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-07-31	10,293
Minimum required contributions for current year target normal cost	2018-07-31	35,558
Net shortfall amortization installment of oustanding balance	2018-07-31	203,753
Total funding amount beforereflecting carryover/prefunding balances	2018-07-31	74,906
Prefunding balance elected to use to offset funding requirement	2018-07-31	68,652
Additional cash requirement	2018-07-31	6,254
Contributions allocatedtoward minimum required contributions for current year	2018-07-31	10,293
Unpaid minimum required contributions for all years	2018-07-31	0
2017: KESSLER FARMS INC DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-07-31	1,585,060
Acturial value of plan assets	2017-07-31	1,585,060
Active participant vested funding target	2017-07-31	1,658,089
Number of active participants	2017-07-31	8
Total funding liabilities for active participants	2017-07-31	1,658,089
Total participant count	2017-07-31	8
Total funding target for all participants	2017-07-31	1,658,089
Prefunding balance at beginning of prior year after applicable adjustments	2017-07-31	139,648
Prefunding balanced used to offset prior years funding requirement	2017-07-31	10,724
Amount remaining of prefunding balance	2017-07-31	128,924
Balance of prefunding at beginning of current year	2017-07-31	130,560
Total employer contributions	2017-07-31	4,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-07-31	3,874
Minimum required contributions for current year target normal cost	2017-07-31	33,615
Net shortfall amortization installment of oustanding balance	2017-07-31	203,589
Total funding amount beforereflecting carryover/prefunding balances	2017-07-31	68,891
Prefunding balance elected to use to offset funding requirement	2017-07-31	65,107
Additional cash requirement	2017-07-31	3,784
Contributions allocatedtoward minimum required contributions for current year	2017-07-31	3,874
Unpaid minimum required contributions for all years	2017-07-31	0

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Company Name:	KESSLER FARMS, INC
Employer identification number (EIN):	431109712
NAIC Classification:	112120
NAIC Description:	Dairy Cattle and Milk Production