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KESSLER FARMS INC PROFIT SHARING PLAN 401k Plan overview

Plan NameKESSLER FARMS INC PROFIT SHARING PLAN
Plan identification number 002

KESSLER FARMS INC PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

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 PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-08-01JASON KESSLER2023-10-06
0022021-08-01JASON KESSLER2023-05-15
0022021-03-01
0022020-03-01
0022009-03-01THOMAS R KESSLER

Plan Statistics for KESSLER FARMS INC PROFIT SHARING PLAN

401k plan membership statisitcs for KESSLER FARMS INC PROFIT SHARING PLAN

Measure Date Value
2021: KESSLER FARMS INC PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-03-018
Total number of active participants reported on line 7a of the Form 55002021-03-018
Number of retired or separated participants receiving benefits2021-03-010
Number of other retired or separated participants entitled to future benefits2021-03-010
Total of all active and inactive participants2021-03-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-03-010
Total participants2021-03-018
Number of participants with account balances2021-03-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-03-010
2020: KESSLER FARMS INC PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-03-018
Total number of active participants reported on line 7a of the Form 55002020-03-018
Number of retired or separated participants receiving benefits2020-03-010
Number of other retired or separated participants entitled to future benefits2020-03-010
Total of all active and inactive participants2020-03-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-03-010
Total participants2020-03-018
Number of participants with account balances2020-03-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-03-010
2009: KESSLER FARMS INC PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-03-017
Total number of active participants reported on line 7a of the Form 55002009-03-018
Total of all active and inactive participants2009-03-018
Total participants2009-03-018
Number of participants with account balances2009-03-018

Financial Data on KESSLER FARMS INC PROFIT SHARING PLAN

Measure Date Value
2021 : KESSLER FARMS INC PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-07-30$0
Total plan liabilities at end of year2021-07-30$0
Total plan liabilities at beginning of year2021-07-30$0
Total income from all sources2021-07-30$93,866
Expenses. Total of all expenses incurred2021-07-30$0
Benefits paid (including direct rollovers)2021-07-30$0
Total plan assets at end of year2021-07-30$1,639,993
Total plan assets at beginning of year2021-07-30$1,546,127
Total contributions received or receivable from participants2021-07-30$0
Expenses. Other expenses not covered elsewhere2021-07-30$0
Contributions received from other sources (not participants or employers)2021-07-30$0
Other income received2021-07-30$93,866
Noncash contributions received2021-07-30$0
Net income (gross income less expenses)2021-07-30$93,866
Net plan assets at end of year (total assets less liabilities)2021-07-30$1,639,993
Net plan assets at beginning of year (total assets less liabilities)2021-07-30$1,546,127
Total contributions received or receivable from employer(s)2021-07-30$0
Value of certain deemed distributions of participant loans2021-07-30$0
Value of corrective distributions2021-07-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-07-30$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-07-30$0
Transfers to/from the plan2021-02-28$0
Total plan liabilities at end of year2021-02-28$0
Total plan liabilities at beginning of year2021-02-28$0
Total income from all sources2021-02-28$312,777
Expenses. Total of all expenses incurred2021-02-28$0
Benefits paid (including direct rollovers)2021-02-28$0
Total plan assets at end of year2021-02-28$1,546,127
Total plan assets at beginning of year2021-02-28$1,233,350
Total contributions received or receivable from participants2021-02-28$0
Expenses. Other expenses not covered elsewhere2021-02-28$0
Contributions received from other sources (not participants or employers)2021-02-28$0
Other income received2021-02-28$295,052
Noncash contributions received2021-02-28$0
Net income (gross income less expenses)2021-02-28$312,777
Net plan assets at end of year (total assets less liabilities)2021-02-28$1,546,127
Net plan assets at beginning of year (total assets less liabilities)2021-02-28$1,233,350
Total contributions received or receivable from employer(s)2021-02-28$17,725
Value of certain deemed distributions of participant loans2021-02-28$0
Value of corrective distributions2021-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-02-28$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-02-28$0
2020 : KESSLER FARMS INC PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-02-29$0
Total plan liabilities at beginning of year2020-02-29$0
Total income from all sources2020-02-29$73,475
Expenses. Total of all expenses incurred2020-02-29$0
Benefits paid (including direct rollovers)2020-02-29$0
Total plan assets at end of year2020-02-29$1,233,350
Total plan assets at beginning of year2020-02-29$1,159,875
Total contributions received or receivable from participants2020-02-29$0
Expenses. Other expenses not covered elsewhere2020-02-29$0
Contributions received from other sources (not participants or employers)2020-02-29$0
Other income received2020-02-29$50,775
Noncash contributions received2020-02-29$0
Net income (gross income less expenses)2020-02-29$73,475
Net plan assets at end of year (total assets less liabilities)2020-02-29$1,233,350
Net plan assets at beginning of year (total assets less liabilities)2020-02-29$1,159,875
Total contributions received or receivable from employer(s)2020-02-29$22,700
Value of certain deemed distributions of participant loans2020-02-29$0
Value of corrective distributions2020-02-29$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-02-29$0
2019 : KESSLER FARMS INC PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-02-28$0
Total plan liabilities at end of year2019-02-28$0
Total plan liabilities at beginning of year2019-02-28$0
Total income from all sources2019-02-28$-10,706
Expenses. Total of all expenses incurred2019-02-28$0
Benefits paid (including direct rollovers)2019-02-28$0
Total plan assets at end of year2019-02-28$1,159,875
Total plan assets at beginning of year2019-02-28$1,170,580
Total contributions received or receivable from participants2019-02-28$0
Expenses. Other expenses not covered elsewhere2019-02-28$0
Contributions received from other sources (not participants or employers)2019-02-28$0
Other income received2019-02-28$-10,706
Noncash contributions received2019-02-28$0
Net income (gross income less expenses)2019-02-28$-10,706
Net plan assets at end of year (total assets less liabilities)2019-02-28$1,159,875
Net plan assets at beginning of year (total assets less liabilities)2019-02-28$1,170,580
Total contributions received or receivable from employer(s)2019-02-28$0
Value of certain deemed distributions of participant loans2019-02-28$0
Value of corrective distributions2019-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-02-28$0
2018 : KESSLER FARMS INC PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-02-28$0
Total plan liabilities at end of year2018-02-28$0
Total plan liabilities at beginning of year2018-02-28$0
Total income from all sources2018-02-28$888,052
Expenses. Total of all expenses incurred2018-02-28$0
Benefits paid (including direct rollovers)2018-02-28$0
Total plan assets at end of year2018-02-28$1,170,580
Total plan assets at beginning of year2018-02-28$1,058,632
Total contributions received or receivable from participants2018-02-28$0
Expenses. Other expenses not covered elsewhere2018-02-28$0
Contributions received from other sources (not participants or employers)2018-02-28$0
Other income received2018-02-28$888,052
Noncash contributions received2018-02-28$0
Net income (gross income less expenses)2018-02-28$888,052
Net plan assets at end of year (total assets less liabilities)2018-02-28$1,170,580
Net plan assets at beginning of year (total assets less liabilities)2018-02-28$1,058,632
Total contributions received or receivable from employer(s)2018-02-28$0
Value of certain deemed distributions of participant loans2018-02-28$0
Value of corrective distributions2018-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-02-28$0
2017 : KESSLER FARMS INC PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-02-28$0
Total plan liabilities at end of year2017-02-28$0
Total plan liabilities at beginning of year2017-02-28$0
Total income from all sources2017-02-28$123,594
Expenses. Total of all expenses incurred2017-02-28$0
Benefits paid (including direct rollovers)2017-02-28$0
Total plan assets at end of year2017-02-28$1,058,632
Total plan assets at beginning of year2017-02-28$935,039
Total contributions received or receivable from participants2017-02-28$0
Expenses. Other expenses not covered elsewhere2017-02-28$0
Contributions received from other sources (not participants or employers)2017-02-28$0
Other income received2017-02-28$123,594
Noncash contributions received2017-02-28$0
Net income (gross income less expenses)2017-02-28$123,594
Net plan assets at end of year (total assets less liabilities)2017-02-28$1,058,632
Net plan assets at beginning of year (total assets less liabilities)2017-02-28$935,039
Total contributions received or receivable from employer(s)2017-02-28$0
Value of certain deemed distributions of participant loans2017-02-28$0
Value of corrective distributions2017-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-02-28$0
2016 : KESSLER FARMS INC PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at end of year2016-02-28$0
Total plan liabilities at beginning of year2016-02-28$0
Total income from all sources2016-02-28$-55,494
Expenses. Total of all expenses incurred2016-02-28$0
Benefits paid (including direct rollovers)2016-02-28$0
Total plan assets at end of year2016-02-28$935,039
Total plan assets at beginning of year2016-02-28$990,532
Total contributions received or receivable from participants2016-02-28$0
Expenses. Other expenses not covered elsewhere2016-02-28$0
Contributions received from other sources (not participants or employers)2016-02-28$0
Other income received2016-02-28$-81,738
Noncash contributions received2016-02-28$0
Net income (gross income less expenses)2016-02-28$-55,494
Net plan assets at end of year (total assets less liabilities)2016-02-28$935,039
Net plan assets at beginning of year (total assets less liabilities)2016-02-28$990,532
Total contributions received or receivable from employer(s)2016-02-28$26,244
Value of certain deemed distributions of participant loans2016-02-28$0
Value of corrective distributions2016-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-02-28$0
2015 : KESSLER FARMS INC PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-02-28$77,587
Expenses. Total of all expenses incurred2015-02-28$0
Total plan assets at end of year2015-02-28$990,532
Total plan assets at beginning of year2015-02-28$912,945
Other income received2015-02-28$50,950
Net income (gross income less expenses)2015-02-28$77,587
Net plan assets at end of year (total assets less liabilities)2015-02-28$990,532
Net plan assets at beginning of year (total assets less liabilities)2015-02-28$912,945
Total contributions received or receivable from employer(s)2015-02-28$26,637
2014 : KESSLER FARMS INC PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-02-28$175,992
Expenses. Total of all expenses incurred2014-02-28$2,097
Benefits paid (including direct rollovers)2014-02-28$2,057
Total plan assets at end of year2014-02-28$912,945
Total plan assets at beginning of year2014-02-28$739,050
Other income received2014-02-28$149,069
Net income (gross income less expenses)2014-02-28$173,895
Net plan assets at end of year (total assets less liabilities)2014-02-28$912,945
Net plan assets at beginning of year (total assets less liabilities)2014-02-28$739,050
Total contributions received or receivable from employer(s)2014-02-28$26,923
Expenses. Administrative service providers (salaries,fees and commissions)2014-02-28$40
2013 : KESSLER FARMS INC PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-02-28$0
Total plan liabilities at end of year2013-02-28$0
Total plan liabilities at beginning of year2013-02-28$0
Total income from all sources2013-02-28$128,489
Expenses. Total of all expenses incurred2013-02-28$0
Benefits paid (including direct rollovers)2013-02-28$0
Total plan assets at end of year2013-02-28$739,050
Total plan assets at beginning of year2013-02-28$610,561
Total contributions received or receivable from participants2013-02-28$0
Expenses. Other expenses not covered elsewhere2013-02-28$0
Contributions received from other sources (not participants or employers)2013-02-28$0
Other income received2013-02-28$50,294
Noncash contributions received2013-02-28$0
Net income (gross income less expenses)2013-02-28$128,489
Net plan assets at end of year (total assets less liabilities)2013-02-28$739,050
Net plan assets at beginning of year (total assets less liabilities)2013-02-28$610,561
Total contributions received or receivable from employer(s)2013-02-28$78,195
Value of certain deemed distributions of participant loans2013-02-28$0
Value of corrective distributions2013-02-28$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-02-28$0
2012 : KESSLER FARMS INC PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-02-28$0
Total income from all sources2012-02-28$23,202
Expenses. Total of all expenses incurred2012-02-28$0
Total plan assets at end of year2012-02-28$610,561
Total plan assets at beginning of year2012-02-28$587,359
Other income received2012-02-28$-3,166
Net income (gross income less expenses)2012-02-28$23,202
Net plan assets at end of year (total assets less liabilities)2012-02-28$610,561
Net plan assets at beginning of year (total assets less liabilities)2012-02-28$587,359
Total contributions received or receivable from employer(s)2012-02-28$26,368
2011 : KESSLER FARMS INC PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-02-28$0
Total income from all sources2011-02-28$33,600
Expenses. Total of all expenses incurred2011-02-28$0
Total plan assets at end of year2011-02-28$587,359
Total plan assets at beginning of year2011-02-28$553,759
Other income received2011-02-28$8,362
Net income (gross income less expenses)2011-02-28$33,600
Net plan assets at end of year (total assets less liabilities)2011-02-28$587,359
Net plan assets at beginning of year (total assets less liabilities)2011-02-28$553,759
Total contributions received or receivable from employer(s)2011-02-28$25,238
2010 : KESSLER FARMS INC PROFIT SHARING PLAN 2010 401k financial data
Funding deficiency by the employer to the plan for this plan year2010-02-28$0
Minimum employer required contribution for this plan year2010-02-28$0
Amount contributed by the employer to the plan for this plan year2010-02-28$0

Form 5500 Responses for KESSLER FARMS INC PROFIT SHARING PLAN

2021: KESSLER FARMS INC PROFIT SHARING PLAN 2021 form 5500 responses
2021-03-01Type of plan entitySingle employer plan
2021-03-01Submission has been amendedNo
2021-03-01This submission is the final filingNo
2021-03-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-03-01Plan is a collectively bargained planNo
2021-03-01Plan funding arrangement – InsuranceYes
2021-03-01Plan funding arrangement – TrustYes
2021-03-01Plan benefit arrangement – InsuranceYes
2021-03-01Plan benefit arrangement - TrustYes
2020: KESSLER FARMS INC PROFIT SHARING PLAN 2020 form 5500 responses
2020-03-01Type of plan entitySingle employer plan
2020-03-01Submission has been amendedNo
2020-03-01This submission is the final filingNo
2020-03-01This return/report is a short plan year return/report (less than 12 months)No
2020-03-01Plan is a collectively bargained planNo
2020-03-01Plan funding arrangement – InsuranceYes
2020-03-01Plan funding arrangement – TrustYes
2020-03-01Plan benefit arrangement – InsuranceYes
2020-03-01Plan benefit arrangement - TrustYes
2009: KESSLER FARMS INC PROFIT SHARING PLAN 2009 form 5500 responses
2009-03-01Type of plan entitySingle employer plan
2009-03-01Plan funding arrangement – InsuranceYes
2009-03-01Plan funding arrangement – TrustYes
2009-03-01Plan benefit arrangement – InsuranceYes
2009-03-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG34911
Policy instance 1
Insurance contract or identification numberG34911
Number of Individuals Covered0
Insurance policy start date2021-03-01
Insurance policy end date2021-08-20
Total amount of commissions paid to insurance brokerUSD $1,685
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG34911
Policy instance 1
Insurance contract or identification numberG34911
Number of Individuals Covered8
Insurance policy start date2020-03-01
Insurance policy end date2021-02-28
Total amount of commissions paid to insurance brokerUSD $3,394
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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