NORTH CAROLINA FARM BUREAU FEDERATION, INC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2022 : AGCAREFIRST TRUST 2022 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $552,696 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $1,763,148 |
| Expenses. Interest paid | 2022-12-31 | $240,000 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2022-12-31 | $240,000 |
| Total income from all sources (including contributions) | 2022-12-31 | $-315,149 |
| Total loss/gain on sale of assets | 2022-12-31 | $-381,481 |
| Total of all expenses incurred | 2022-12-31 | $312,202 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $-181,748 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,177 |
| Value of total assets at end of year | 2022-12-31 | $5,122,821 |
| Value of total assets at beginning of year | 2022-12-31 | $6,960,624 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $253,950 |
| Total interest from all sources | 2022-12-31 | $65,155 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Administrative expenses professional fees incurred | 2022-12-31 | $134,664 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,177 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $4,485,902 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $956,132 |
| Administrative expenses (other) incurred | 2022-12-31 | $119,286 |
| Liabilities. Value of operating payables at end of year | 2022-12-31 | $552,696 |
| Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $517,467 |
| Total non interest bearing cash at end of year | 2022-12-31 | $516,164 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $1,581,605 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-627,351 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $4,570,125 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $5,197,476 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $120,755 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,857,752 |
| Interest earned on other investments | 2022-12-31 | $65,155 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $247,160 |
| Asset value of US Government securities at end of year | 2022-12-31 | $0 |
| Asset value of US Government securities at beginning of year | 2022-12-31 | $516,469 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $-181,748 |
| Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $0 |
| Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $801,506 |
| Contract administrator fees | 2022-12-31 | $0 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $1,245,681 |
| Did the plan have assets held for investment | 2022-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Aggregate proceeds on sale of assets | 2022-12-31 | $4,101,002 |
| Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $4,482,483 |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Disclaimer |
| Accountancy firm name | 2022-12-31 | JOHNSON LAMBERT LLP |
| Accountancy firm EIN | 2022-12-31 | 521446779 |
