ALABAMA FARMERS COOPERATIVE, INC. has sponsored the creation of one or more 401k plans.
Additional information about ALABAMA FARMERS COOPERATIVE, INC.
Measure | Date | Value |
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2022 : AFC PROFIT SHARING PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-10,569,744 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $13,220,591 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $12,744,667 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $42,579 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $8,880,598 |
Value of total assets at end of year | 2022-12-31 | $106,041,383 |
Value of total assets at beginning of year | 2022-12-31 | $129,831,718 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $433,345 |
Total interest from all sources | 2022-12-31 | $520,477 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $1,307,085 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $1,307,085 |
Administrative expenses professional fees incurred | 2022-12-31 | $86,978 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
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 |
Contributions received from participants | 2022-12-31 | $5,477,217 |
Participant contributions at end of year | 2022-12-31 | $1,279,419 |
Participant contributions at beginning of year | 2022-12-31 | $1,475,087 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $268,333 |
Other income not declared elsewhere | 2022-12-31 | $-15,521 |
Administrative expenses (other) incurred | 2022-12-31 | $1,750 |
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 | $-23,790,335 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $106,041,383 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $129,831,718 |
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 |
Investment advisory and management fees | 2022-12-31 | $168,826 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $74,062,687 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $97,294,234 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $6,349,284 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $7,782,342 |
Interest on participant loans | 2022-12-31 | $62,112 |
Interest earned on other investments | 2022-12-31 | $458,365 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $24,349,993 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $23,280,055 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-20,317,389 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-944,994 |
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 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $3,135,048 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $12,744,667 |
Contract administrator fees | 2022-12-31 | $175,791 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
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 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | WARREN AVERETT, LLC |
Accountancy firm EIN | 2022-12-31 | 454084437 |
2021 : AFC PROFIT SHARING PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $26,534,140 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $29,258,004 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $28,856,917 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $2,813 |
Value of total corrective distributions | 2021-12-31 | $72 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $10,524,320 |
Value of total assets at end of year | 2021-12-31 | $129,831,718 |
Value of total assets at beginning of year | 2021-12-31 | $132,555,582 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $398,202 |
Total interest from all sources | 2021-12-31 | $547,590 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $1,592,338 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $1,592,338 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $6,376,502 |
Participant contributions at end of year | 2021-12-31 | $1,475,087 |
Participant contributions at beginning of year | 2021-12-31 | $1,630,713 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $919,995 |
Other income not declared elsewhere | 2021-12-31 | $-4,967 |
Administrative expenses (other) incurred | 2021-12-31 | $398,202 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-2,723,864 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $129,831,718 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $132,555,582 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $97,294,234 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $98,655,662 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $7,782,342 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $9,121,545 |
Interest on participant loans | 2021-12-31 | $81,139 |
Interest earned on other investments | 2021-12-31 | $466,451 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $23,280,055 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $23,147,662 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $13,184,863 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $689,996 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $3,227,823 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $28,856,917 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | RMS US LLP |
Accountancy firm EIN | 2021-12-31 | 420714325 |
2020 : AFC PROFIT SHARING PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $27,633,293 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $11,227,715 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $10,891,712 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $7,024 |
Value of total corrective distributions | 2020-12-31 | $890 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $12,039,203 |
Value of total assets at end of year | 2020-12-31 | $132,555,582 |
Value of total assets at beginning of year | 2020-12-31 | $116,150,004 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $328,089 |
Total interest from all sources | 2020-12-31 | $451,077 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $1,223,196 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $1,223,196 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $6,923,010 |
Participant contributions at end of year | 2020-12-31 | $1,630,713 |
Participant contributions at beginning of year | 2020-12-31 | $2,034,215 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $1,234,256 |
Other income not declared elsewhere | 2020-12-31 | $-61,869 |
Administrative expenses (other) incurred | 2020-12-31 | $328,089 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $16,405,578 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $132,555,582 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $116,150,004 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $98,655,662 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $91,264,347 |
Value of interest in pooled separate accounts at end of year | 2020-12-31 | $9,121,545 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $3,345,747 |
Interest on participant loans | 2020-12-31 | $105,623 |
Interest earned on other investments | 2020-12-31 | $345,454 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $16,296,123 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $23,147,662 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $3,209,572 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $13,297,730 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $471,760 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $212,196 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $3,881,937 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $10,891,712 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | RMS US LLP |
Accountancy firm EIN | 2020-12-31 | 420714325 |
2019 : AFC PROFIT SHARING PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $29,954,492 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $12,288,584 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $11,766,402 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $18,155 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $9,902,817 |
Value of total assets at end of year | 2019-12-31 | $116,150,004 |
Value of total assets at beginning of year | 2019-12-31 | $98,484,096 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $504,027 |
Total interest from all sources | 2019-12-31 | $121,288 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $2,085,503 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $2,085,503 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $5,870,339 |
Participant contributions at end of year | 2019-12-31 | $2,034,215 |
Participant contributions at beginning of year | 2019-12-31 | $2,091,524 |
Participant contributions at end of year | 2019-12-31 | $0 |
Participant contributions at beginning of year | 2019-12-31 | $109,245 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $394,015 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $7,028 |
Administrative expenses (other) incurred | 2019-12-31 | $496,175 |
Total non interest bearing cash at end of year | 2019-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $121,900 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $17,665,908 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $116,150,004 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $98,484,096 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $7,852 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $91,264,347 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $78,693,932 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $3,345,747 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $0 |
Interest on participant loans | 2019-12-31 | $108,985 |
Interest earned on other investments | 2019-12-31 | $12,035 |
Value of interest in common/collective trusts at end of year | 2019-12-31 | $16,296,123 |
Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $17,287,639 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $61,089 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $61,089 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $268 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $3,209,572 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $17,367,079 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $99,635 |
Net investment gain or loss from common/collective trusts | 2019-12-31 | $378,170 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $3,638,463 |
Employer contributions (assets) at end of year | 2019-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $111,739 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $11,766,402 |
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 | 2019-12-31 | Yes |
Did the plan have assets held for investment | 2019-12-31 | Yes |
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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | RMS US LLP |
Accountancy firm EIN | 2019-12-31 | 420714325 |
2008 : AFC PROFIT SHARING PLAN 2008 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2008-12-31 | $0 |