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GFG AGRIPRODUCTS, LLC 401(K) PLAN 401k Plan overview

Plan NameGFG AGRIPRODUCTS, LLC 401(K) PLAN
Plan identification number 002

GFG AGRIPRODUCTS, LLC 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NOVUS AG, LLC has sponsored the creation of one or more 401k plans.

Company Name:NOVUS AG, LLC
Employer identification number (EIN):463005373
NAIC Classification:325300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GFG AGRIPRODUCTS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022017-01-01MAKENZIE ROSIER
0022016-01-01MAKENZIE HUTCHCRAFT
0022015-01-01MAKENZIE HUTCHCRAFT
0022015-01-01MAKENZIE HUTCHCRAFT
0022014-01-01MAKENZIE HUTCHCRAFT MAKENZIE HUTCHCRAFT2016-09-27

Plan Statistics for GFG AGRIPRODUCTS, LLC 401(K) PLAN

401k plan membership statisitcs for GFG AGRIPRODUCTS, LLC 401(K) PLAN

Measure Date Value
2017: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01448
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01360
Total number of active participants reported on line 7a of the Form 55002016-01-01366
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0176
Total of all active and inactive participants2016-01-01442
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01442
Number of participants with account balances2016-01-01418
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01282
Total number of active participants reported on line 7a of the Form 55002015-01-01309
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0127
Total of all active and inactive participants2015-01-01336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01336
Number of participants with account balances2015-01-01332
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01125
Total number of active participants reported on line 7a of the Form 55002014-01-01257
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0118
Total of all active and inactive participants2014-01-01275
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01275
Number of participants with account balances2014-01-01273
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on GFG AGRIPRODUCTS, LLC 401(K) PLAN

Measure Date Value
2017 : GFG AGRIPRODUCTS, LLC 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-11-01$0
Total transfer of assets from this plan2017-11-01$4,031,402
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-11-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-11-01$0
Total income from all sources (including contributions)2017-11-01$1,069,537
Total loss/gain on sale of assets2017-11-01$0
Total of all expenses incurred2017-11-01$88,115
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-11-01$82,778
Expenses. Certain deemed distributions of participant loans2017-11-01$3,612
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-11-01$613,534
Value of total assets at end of year2017-11-01$0
Value of total assets at beginning of year2017-11-01$3,049,980
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-11-01$1,725
Total interest from all sources2017-11-01$587
Total dividends received (eg from common stock, registered investment company shares)2017-11-01$29,024
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-11-01No
Total dividends received from registered investment company shares (eg mutual funds)2017-11-01$29,024
Was this plan covered by a fidelity bond2017-11-01Yes
Value of fidelity bond cover2017-11-01$305,000
If this is an individual account plan, was there a blackout period2017-11-01No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-11-01$0
Were there any nonexempt tranactions with any party-in-interest2017-11-01No
Contributions received from participants2017-11-01$311,353
Participant contributions at beginning of year2017-11-01$17,184
Income. Received or receivable in cash from other sources (including rollovers)2017-11-01$8,922
Administrative expenses (other) incurred2017-11-01$1,725
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-11-01No
Value of net income/loss2017-11-01$981,422
Value of net assets at end of year (total assets less liabilities)2017-11-01$0
Value of net assets at beginning of year (total assets less liabilities)2017-11-01$3,049,980
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-11-01No
Were any loans by the plan or fixed income obligations due to the plan in default2017-11-01No
Were any leases to which the plan was party in default or uncollectible2017-11-01No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-11-01$2,532,390
Interest on participant loans2017-11-01$587
Value of interest in common/collective trusts at beginning of year2017-11-01$500,406
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-11-01$388,207
Net investment gain or loss from common/collective trusts2017-11-01$38,185
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-11-01No
Was there a failure to transmit to the plan any participant contributions2017-11-01No
Has the plan failed to provide any benefit when due under the plan2017-11-01No
Contributions received in cash from employer2017-11-01$293,259
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-11-01$82,778
Did the plan have assets held for investment2017-11-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-11-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-11-01Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-11-01Yes
Opinion of an independent qualified public accountant for this plan2017-11-01Disclaimer
Accountancy firm name2017-11-01RSM US LLP
Accountancy firm EIN2017-11-01420714325
2016 : GFG AGRIPRODUCTS, LLC 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,079,335
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$123,508
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$121,571
Expenses. Certain deemed distributions of participant loans2016-12-31$562
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$930,980
Value of total assets at end of year2016-12-31$3,049,980
Value of total assets at beginning of year2016-12-31$2,094,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,375
Total interest from all sources2016-12-31$956
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$64,687
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$64,687
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$210,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$507,675
Participant contributions at end of year2016-12-31$17,184
Participant contributions at beginning of year2016-12-31$12,178
Administrative expenses (other) incurred2016-12-31$1,375
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$955,827
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,049,980
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,094,153
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,532,390
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$1,634,124
Interest on participant loans2016-12-31$956
Value of interest in common/collective trusts at end of year2016-12-31$500,406
Value of interest in common/collective trusts at beginning of year2016-12-31$447,851
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$69,481
Net investment gain or loss from common/collective trusts2016-12-31$13,231
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$423,305
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$121,571
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31RSM US LLP
Accountancy firm EIN2016-12-31411944416
2015 : GFG AGRIPRODUCTS, LLC 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,403,352
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$208,854
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$207,679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,419,146
Value of total assets at end of year2015-12-31$2,094,153
Value of total assets at beginning of year2015-12-31$899,655
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,175
Total interest from all sources2015-12-31$261
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$75,303
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$75,303
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$90,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$493,933
Participant contributions at end of year2015-12-31$12,178
Participant contributions at beginning of year2015-12-31$95
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$551,519
Administrative expenses (other) incurred2015-12-31$1,175
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,194,498
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,094,153
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$899,655
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,634,124
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$670,231
Interest on participant loans2015-12-31$261
Value of interest in common/collective trusts at end of year2015-12-31$447,851
Value of interest in common/collective trusts at beginning of year2015-12-31$229,329
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-87,496
Net investment gain or loss from common/collective trusts2015-12-31$-3,862
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$373,694
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$207,679
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RSM US LLP
Accountancy firm EIN2015-12-31411944416
2014 : GFG AGRIPRODUCTS, LLC 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$901,978
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,048
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$876,977
Value of total assets at end of year2014-12-31$899,655
Value of total assets at beginning of year2014-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$275
Total interest from all sources2014-12-31$8
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$24,359
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$24,359
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$339,048
Participant contributions at end of year2014-12-31$95
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$280,292
Administrative expenses (other) incurred2014-12-31$275
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$899,655
Value of net assets at end of year (total assets less liabilities)2014-12-31$899,655
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$670,231
Interest on participant loans2014-12-31$8
Value of interest in common/collective trusts at end of year2014-12-31$229,329
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-9,082
Net investment gain or loss from common/collective trusts2014-12-31$9,716
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$257,637
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,048
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31RSM US LLP
Accountancy firm EIN2014-12-31420714325

Form 5500 Responses for GFG AGRIPRODUCTS, LLC 401(K) PLAN

2017: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
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: GFG AGRIPRODUCTS, LLC 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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: GFG AGRIPRODUCTS, LLC 401(K) 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

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