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VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameVIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN
Plan identification number 001

VIT-BEST NUTRITION 401(K) 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.
  • 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.
  • 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) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

VITABEST NUTRITION, INC. has sponsored the creation of one or more 401k plans.

Company Name:VITABEST NUTRITION, INC.
Employer identification number (EIN):474286804
NAIC Classification:311900
NAIC Description: Other Food Manufacturing

Additional information about VITABEST NUTRITION, INC.

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 2015-06-12
Company Identification Number: 20151371020

More information about VITABEST NUTRITION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01
0012016-01-01
0012016-01-01GALE BENSUSSEN2017-10-02
0012016-01-01GALE BENSUSSEN2017-10-02
0012015-01-01GALE BENSUSSEN

Plan Statistics for VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN

Measure Date Value
2017: VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01159
Total number of active participants reported on line 7a of the Form 55002017-01-01124
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0112
Total of all active and inactive participants2017-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01137
Number of participants with account balances2017-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01174
Total number of active participants reported on line 7a of the Form 55002016-01-01135
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0123
Total of all active and inactive participants2016-01-01158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01159
Number of participants with account balances2016-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01160
Total number of active participants reported on line 7a of the Form 55002015-01-01157
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0116
Total of all active and inactive participants2015-01-01173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01174
Number of participants with account balances2015-01-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN

Measure Date Value
2017 : VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$518,984
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$410,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$408,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$176,936
Value of total assets at end of year2017-12-31$2,583,582
Value of total assets at beginning of year2017-12-31$2,475,206
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,000
Total interest from all sources2017-12-31$10,971
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$176,936
Participant contributions at end of year2017-12-31$122,701
Participant contributions at beginning of year2017-12-31$112,332
Participant contributions at end of year2017-12-31$7,604
Participant contributions at beginning of year2017-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$2,268
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$108,376
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,583,582
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,475,206
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$2,000
Value of interest in pooled separate accounts at end of year2017-12-31$1,777,874
Value of interest in pooled separate accounts at beginning of year2017-12-31$1,703,117
Interest on participant loans2017-12-31$4,271
Interest earned on other investments2017-12-31$6,700
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$675,403
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$659,757
Net investment gain/loss from pooled separate accounts2017-12-31$331,077
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$406,340
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31LTSP, INC
Accountancy firm EIN2017-12-31953864890
2016 : VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$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$277,488
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$316,834
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$315,434
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$144,601
Value of total assets at end of year2016-12-31$2,475,206
Value of total assets at beginning of year2016-12-31$2,514,552
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,400
Total interest from all sources2016-12-31$10,982
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$400,000
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$144,601
Participant contributions at end of year2016-12-31$112,332
Participant contributions at beginning of year2016-12-31$110,986
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$4,236
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$36,372
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-39,346
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,475,206
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,514,552
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
Investment advisory and management fees2016-12-31$1,400
Value of interest in pooled separate accounts at end of year2016-12-31$1,703,117
Value of interest in pooled separate accounts at beginning of year2016-12-31$1,782,404
Interest on participant loans2016-12-31$4,811
Interest earned on other investments2016-12-31$6,171
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$659,757
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$616,926
Net investment gain/loss from pooled separate accounts2016-12-31$121,905
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$279,062
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 name2016-12-31LTSP, INC.
Accountancy firm EIN2016-12-31953864890
2015 : VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$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$176,486
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$403,077
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$402,277
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$162,743
Value of total assets at end of year2015-12-31$2,514,552
Value of total assets at beginning of year2015-12-31$2,741,143
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$800
Total interest from all sources2015-12-31$11,350
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$400,000
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$162,710
Participant contributions at end of year2015-12-31$110,986
Participant contributions at beginning of year2015-12-31$162,092
Participant contributions at end of year2015-12-31$4,236
Participant contributions at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-226,591
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,514,552
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,741,143
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
Investment advisory and management fees2015-12-31$800
Value of interest in pooled separate accounts at end of year2015-12-31$1,782,404
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,884,972
Interest on participant loans2015-12-31$5,254
Interest earned on other investments2015-12-31$6,096
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$616,926
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$694,079
Net investment gain/loss from pooled separate accounts2015-12-31$2,393
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$33
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$402,277
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 name2015-12-31LTSP, INC.
Accountancy firm EIN2015-12-31953864890

Form 5500 Responses for VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN

2017: VIT-BEST NUTRITION 401(K) PROFIT SHARING 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 filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VIT-BEST NUTRITION 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
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 – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: VIT-BEST NUTRITION 401(K) PROFIT SHARING 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877464
Policy instance 1
Insurance contract or identification number877464
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $11,742
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
Commission paid to Insurance BrokerUSD $10,735
Insurance broker organization code?3
Insurance broker nameMORGAN STANLEY SMITH BARNEY LLC
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number877464
Policy instance 1
Insurance contract or identification number877464
Number of Individuals Covered90
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $12,024
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
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
Commission paid to Insurance BrokerUSD $12,024
Insurance broker organization code?3
Insurance broker nameSBHU LIFE AGENCY, INC.

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