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LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 401k Plan overview

Plan NameLDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN
Plan identification number 001

LDF BUSINESS DEVELOPMENT CORP. 401(K) 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.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.

401k Sponsoring company profile

LDF BUSINESS DEVELOPMENT CORP. has sponsored the creation of one or more 401k plans.

Company Name:LDF BUSINESS DEVELOPMENT CORP.
Employer identification number (EIN):461747336
NAIC Classification:238900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-10-01
0012020-10-01
0012020-10-01
0012019-10-01
0012018-10-01TODD MYSZKA2020-06-22
0012017-10-01BETH KIPHART2019-07-10

Plan Statistics for LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN

401k plan membership statisitcs for LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN

Measure Date Value
2021: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-10-01165
Total number of active participants reported on line 7a of the Form 55002021-10-0187
Number of retired or separated participants receiving benefits2021-10-010
Number of other retired or separated participants entitled to future benefits2021-10-0192
Total of all active and inactive participants2021-10-01179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-10-011
Total participants2021-10-01180
Number of participants with account balances2021-10-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-10-018
2020: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-10-01150
Total number of active participants reported on line 7a of the Form 55002020-10-0191
Number of retired or separated participants receiving benefits2020-10-0184
Number of other retired or separated participants entitled to future benefits2020-10-010
Total of all active and inactive participants2020-10-01175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-10-010
Total participants2020-10-01175
Number of participants with account balances2020-10-01149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-10-011
2019: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-10-01133
Total number of active participants reported on line 7a of the Form 55002019-10-0173
Number of retired or separated participants receiving benefits2019-10-010
Number of other retired or separated participants entitled to future benefits2019-10-0177
Total of all active and inactive participants2019-10-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-10-010
Total participants2019-10-01150
Number of participants with account balances2019-10-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-10-0113

Financial Data on LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN

Measure Date Value
2022 : LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-09-30$0
Total income from all sources (including contributions)2022-09-30$217,791
Total loss/gain on sale of assets2022-09-30$0
Total of all expenses incurred2022-09-30$212,613
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-09-30$197,773
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-09-30$409,953
Value of total assets at end of year2022-09-30$979,266
Value of total assets at beginning of year2022-09-30$974,088
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-09-30$14,840
Total interest from all sources2022-09-30$837
Total dividends received (eg from common stock, registered investment company shares)2022-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-09-30No
Was this plan covered by a fidelity bond2022-09-30Yes
Value of fidelity bond cover2022-09-30$60,000
If this is an individual account plan, was there a blackout period2022-09-30No
Were there any nonexempt tranactions with any party-in-interest2022-09-30No
Contributions received from participants2022-09-30$201,805
Participant contributions at end of year2022-09-30$34,255
Participant contributions at beginning of year2022-09-30$3,300
Participant contributions at end of year2022-09-30$1,302
Participant contributions at beginning of year2022-09-30$1,308
Income. Received or receivable in cash from other sources (including rollovers)2022-09-30$55,314
Total non interest bearing cash at end of year2022-09-30$4,423
Total non interest bearing cash at beginning of year2022-09-30$2,857
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Value of net income/loss2022-09-30$5,178
Value of net assets at end of year (total assets less liabilities)2022-09-30$979,266
Value of net assets at beginning of year (total assets less liabilities)2022-09-30$974,088
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-09-30No
Were any leases to which the plan was party in default or uncollectible2022-09-30No
Value of interest in pooled separate accounts at end of year2022-09-30$919,064
Value of interest in pooled separate accounts at beginning of year2022-09-30$956,572
Interest on participant loans2022-09-30$837
Net investment gain/loss from pooled separate accounts2022-09-30$-192,999
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-09-30No
Was there a failure to transmit to the plan any participant contributions2022-09-30No
Has the plan failed to provide any benefit when due under the plan2022-09-30No
Contributions received in cash from employer2022-09-30$152,834
Employer contributions (assets) at end of year2022-09-30$20,222
Employer contributions (assets) at beginning of year2022-09-30$10,051
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-09-30$197,773
Contract administrator fees2022-09-30$14,840
Did the plan have assets held for investment2022-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-09-30No
Opinion of an independent qualified public accountant for this plan2022-09-30Disclaimer
2021 : LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-09-30$0
Total income from all sources (including contributions)2021-09-30$435,873
Total loss/gain on sale of assets2021-09-30$0
Total of all expenses incurred2021-09-30$186,652
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-09-30$174,855
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-09-30$271,826
Value of total assets at end of year2021-09-30$962,729
Value of total assets at beginning of year2021-09-30$713,508
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-09-30$11,797
Total interest from all sources2021-09-30$94
Total dividends received (eg from common stock, registered investment company shares)2021-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-09-30No
Was this plan covered by a fidelity bond2021-09-30Yes
Value of fidelity bond cover2021-09-30$60,000
If this is an individual account plan, was there a blackout period2021-09-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-09-30$0
Were there any nonexempt tranactions with any party-in-interest2021-09-30No
Contributions received from participants2021-09-30$134,713
Participant contributions at end of year2021-09-30$0
Participant contributions at beginning of year2021-09-30$0
Total non interest bearing cash at end of year2021-09-30$2,857
Total non interest bearing cash at beginning of year2021-09-30$1,959
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-09-30No
Value of net income/loss2021-09-30$249,221
Value of net assets at end of year (total assets less liabilities)2021-09-30$962,729
Value of net assets at beginning of year (total assets less liabilities)2021-09-30$713,508
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2021-09-30No
Were any leases to which the plan was party in default or uncollectible2021-09-30No
Value of interest in pooled separate accounts at end of year2021-09-30$959,872
Value of interest in pooled separate accounts at beginning of year2021-09-30$710,723
Interest on participant loans2021-09-30$94
Net investment gain/loss from pooled separate accounts2021-09-30$163,953
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-09-30No
Was there a failure to transmit to the plan any participant contributions2021-09-30No
Has the plan failed to provide any benefit when due under the plan2021-09-30No
Contributions received in cash from employer2021-09-30$137,113
Employer contributions (assets) at end of year2021-09-30$0
Employer contributions (assets) at beginning of year2021-09-30$826
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-09-30$174,855
Contract administrator fees2021-09-30$11,797
Did the plan have assets held for investment2021-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-09-30No
Opinion of an independent qualified public accountant for this plan2021-09-30Disclaimer
2020 : LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-09-30$0
Total income from all sources (including contributions)2020-09-30$352,372
Total loss/gain on sale of assets2020-09-30$0
Total of all expenses incurred2020-09-30$122,705
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-09-30$113,983
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-09-30$275,804
Value of total assets at end of year2020-09-30$713,532
Value of total assets at beginning of year2020-09-30$483,865
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-09-30$8,722
Total interest from all sources2020-09-30$0
Total dividends received (eg from common stock, registered investment company shares)2020-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-09-30No
Was this plan covered by a fidelity bond2020-09-30Yes
Value of fidelity bond cover2020-09-30$40,000
If this is an individual account plan, was there a blackout period2020-09-30No
Were there any nonexempt tranactions with any party-in-interest2020-09-30No
Contributions received from participants2020-09-30$137,353
Participant contributions at end of year2020-09-30$24
Participant contributions at beginning of year2020-09-30$0
Total non interest bearing cash at end of year2020-09-30$1,959
Total non interest bearing cash at beginning of year2020-09-30$816
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-09-30No
Value of net income/loss2020-09-30$229,667
Value of net assets at end of year (total assets less liabilities)2020-09-30$713,532
Value of net assets at beginning of year (total assets less liabilities)2020-09-30$483,865
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2020-09-30No
Were any leases to which the plan was party in default or uncollectible2020-09-30No
Value of interest in pooled separate accounts at end of year2020-09-30$710,723
Value of interest in pooled separate accounts at beginning of year2020-09-30$479,754
Net investment gain/loss from pooled separate accounts2020-09-30$76,568
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-09-30No
Was there a failure to transmit to the plan any participant contributions2020-09-30No
Has the plan failed to provide any benefit when due under the plan2020-09-30No
Contributions received in cash from employer2020-09-30$138,451
Employer contributions (assets) at end of year2020-09-30$826
Employer contributions (assets) at beginning of year2020-09-30$3,295
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-09-30$113,983
Contract administrator fees2020-09-30$8,722
Did the plan have assets held for investment2020-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-09-30No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-09-30Yes
Opinion of an independent qualified public accountant for this plan2020-09-30Disclaimer

Form 5500 Responses for LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN

2021: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2021 form 5500 responses
2021-10-01Type of plan entityMulitple employer plan
2021-10-01Submission has been amendedNo
2021-10-01This submission is the final filingNo
2021-10-01This return/report is a short plan year return/report (less than 12 months)No
2021-10-01Plan is a collectively bargained planNo
2021-10-01Plan funding arrangement – InsuranceYes
2021-10-01Plan funding arrangement – TrustYes
2021-10-01Plan benefit arrangement – InsuranceYes
2021-10-01Plan benefit arrangement - TrustYes
2020: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2020 form 5500 responses
2020-10-01Type of plan entityMulitple employer plan
2020-10-01Submission has been amendedNo
2020-10-01This submission is the final filingNo
2020-10-01This return/report is a short plan year return/report (less than 12 months)No
2020-10-01Plan is a collectively bargained planNo
2020-10-01Plan funding arrangement – InsuranceYes
2020-10-01Plan funding arrangement – TrustYes
2020-10-01Plan benefit arrangement – InsuranceYes
2020-10-01Plan benefit arrangement - TrustYes
2019: LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN 2019 form 5500 responses
2019-10-01Type of plan entityMulitple employer plan
2019-10-01Submission has been amendedNo
2019-10-01This submission is the final filingNo
2019-10-01This return/report is a short plan year return/report (less than 12 months)No
2019-10-01Plan is a collectively bargained planNo
2019-10-01Plan funding arrangement – InsuranceYes
2019-10-01Plan funding arrangement – TrustYes
2019-10-01Plan benefit arrangement – InsuranceYes
2019-10-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131195
Policy instance 1
Insurance contract or identification number131195
Number of Individuals Covered170
Insurance policy start date2021-10-01
Insurance policy end date2022-09-30
Total amount of commissions paid to insurance brokerUSD $3,055
Total amount of fees paid to insurance companyUSD $3,621
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?No
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
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees3621
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker organization code?3
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131195
Policy instance 1
Insurance contract or identification number131195
Number of Individuals Covered159
Insurance policy start date2020-10-01
Insurance policy end date2021-09-30
Total amount of commissions paid to insurance brokerUSD $2,471
Total amount of fees paid to insurance companyUSD $124
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?No
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
Commission paid to Insurance BrokerUSD $2,471
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number131195
Policy instance 1
Insurance contract or identification number131195
Number of Individuals Covered153
Insurance policy start date2019-10-01
Insurance policy end date2020-09-30
Total amount of commissions paid to insurance brokerUSD $1,683
Total amount of fees paid to insurance companyUSD $300
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?No
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
Commission paid to Insurance BrokerUSD $1,683
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerCOMMISSION
Insurance broker organization code?3

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