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SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number 001

SAFE FOODS CORPORATION 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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

SAFE FOODS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:SAFE FOODS CORPORATION
Employer identification number (EIN):710819906
NAIC Classification:423800

Additional information about SAFE FOODS CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3284483

More information about SAFE FOODS CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KATHRYN COLEMAN2023-07-31
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01KATHRYN COLEMAN2019-10-15
0012017-01-01KATHRYN COLEMAN2018-10-01
0012016-01-01KATHRYN COLEMAN2017-10-12
0012015-01-01KATHRYN COLEMAN2016-10-12
0012014-01-01KATHRYN COLEMAN2015-10-14
0012013-10-01KATHRYN COLEMAN2014-07-25

Plan Statistics for SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2021: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01141
Total number of active participants reported on line 7a of the Form 55002021-01-01131
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-014
Total of all active and inactive participants2021-01-01135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01135
Number of participants with account balances2021-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01131
Total number of active participants reported on line 7a of the Form 55002020-01-01130
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0110
Total of all active and inactive participants2020-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01140
Number of participants with account balances2020-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01124
Total number of active participants reported on line 7a of the Form 55002019-01-01122
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-018
Total of all active and inactive participants2019-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01130
Number of participants with account balances2019-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012

Financial Data on SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2021 : SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$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$1,361,241
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,498,553
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,426,051
Expenses. Certain deemed distributions of participant loans2021-12-31$35,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$755,368
Value of total assets at end of year2021-12-31$2,036,028
Value of total assets at beginning of year2021-12-31$4,173,340
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$37,344
Total interest from all sources2021-12-31$2,372
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$143,627
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$143,627
Administrative expenses professional fees incurred2021-12-31$37,344
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$471,635
Participant contributions at end of year2021-12-31$54,226
Participant contributions at beginning of year2021-12-31$76,914
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$19,694
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-2,137,312
Value of net assets at end of year (total assets less liabilities)2021-12-31$2,036,028
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,173,340
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,981,802
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,063,259
Interest on participant loans2021-12-31$2,372
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$459,874
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$283,733
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$13,473
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,426,051
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31FROST, PLLC
Accountancy firm EIN2021-12-31710817652
2020 : SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$1,709,355
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$249,074
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$229,009
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,246,317
Value of total assets at end of year2020-12-31$4,173,340
Value of total assets at beginning of year2020-12-31$2,713,059
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$20,065
Total interest from all sources2020-12-31$4,162
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$458,876
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$458,876
Administrative expenses professional fees incurred2020-12-31$20,065
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$513,228
Participant contributions at end of year2020-12-31$76,914
Participant contributions at beginning of year2020-12-31$75,425
Participant contributions at end of year2020-12-31$19,694
Participant contributions at beginning of year2020-12-31$19,214
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$398,044
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,460,281
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,173,340
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$2,713,059
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,063,259
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,606,073
Interest on participant loans2020-12-31$4,162
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$335,045
Employer contributions (assets) at end of year2020-12-31$13,473
Employer contributions (assets) at beginning of year2020-12-31$12,347
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$229,009
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31FROST, PLLC
Accountancy firm EIN2020-12-31710817652
2019 : SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at 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 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$1,201,159
Total income from all sources (including contributions)2019-12-31$1,201,159
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$176,360
Total of all expenses incurred2019-12-31$176,360
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$158,619
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$158,619
Expenses. Certain deemed distributions of participant loans2019-12-31$1,714
Expenses. Certain deemed distributions of participant loans2019-12-31$1,714
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$824,575
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$824,575
Value of total assets at end of year2019-12-31$2,713,059
Value of total assets at end of year2019-12-31$2,713,059
Value of total assets at beginning of year2019-12-31$1,688,260
Value of total assets at beginning of year2019-12-31$1,688,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$16,027
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$16,027
Total interest from all sources2019-12-31$1,971
Total interest from all sources2019-12-31$1,971
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$127,308
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$127,308
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$127,308
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$127,308
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$200,000
Value of fidelity bond cover2019-12-31$200,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$479,819
Contributions received from participants2019-12-31$479,819
Participant contributions at end of year2019-12-31$75,425
Participant contributions at end of year2019-12-31$75,425
Participant contributions at beginning of year2019-12-31$27,375
Participant contributions at beginning of year2019-12-31$27,375
Participant contributions at end of year2019-12-31$19,214
Participant contributions at end of year2019-12-31$19,214
Participant contributions at beginning of year2019-12-31$14,276
Participant contributions at beginning of year2019-12-31$14,276
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$42,260
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$42,260
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,024,799
Value of net income/loss2019-12-31$1,024,799
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,713,059
Value of net assets at end of year (total assets less liabilities)2019-12-31$2,713,059
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,688,260
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,688,260
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,606,073
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,606,073
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,636,713
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,636,713
Interest on participant loans2019-12-31$1,971
Interest on participant loans2019-12-31$1,971
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$247,305
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$247,305
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$302,496
Contributions received in cash from employer2019-12-31$302,496
Employer contributions (assets) at end of year2019-12-31$12,347
Employer contributions (assets) at end of year2019-12-31$12,347
Employer contributions (assets) at beginning of year2019-12-31$9,896
Employer contributions (assets) at beginning of year2019-12-31$9,896
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$158,619
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$158,619
Contract administrator fees2019-12-31$16,027
Contract administrator fees2019-12-31$16,027
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31FROST, PLLC
Accountancy firm name2019-12-31FROST, PLLC
Accountancy firm EIN2019-12-31710817652
Accountancy firm EIN2019-12-31710817652

Form 5500 Responses for SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN

2021: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes
2020: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan benefit arrangement – InsuranceYes
2019: SAFE FOODS CORPORATION 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan benefit arrangement – InsuranceYes

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