401k Plan data: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN plan

GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 401k Plan overview

Plan Name	GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN
Plan identification number	001

GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

GILMAN CHEESE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: GILMAN CHEESE CORPORATION

Employer identification number (EIN): 833178514

NAIC Classification: 311500
NAIC Description: Dairy Product Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01 SONIA TELLEZ 2021-09-13 SONIA TELLEZ 2021-09-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01	SONIA TELLEZ	2021-09-13	SONIA TELLEZ	2021-09-13

Plan Statistics for GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN

401k plan membership statisitcs for GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN

Measure Date Value
2022: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 216
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 143
Number of retired or separated participants receiving benefits 2022-01-01 4
Number of other retired or separated participants entitled to future benefits 2022-01-01 44
Total of all active and inactive participants 2022-01-01 191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 191
Number of participants with account balances 2022-01-01 153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 174
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 169
Number of retired or separated participants receiving benefits 2021-01-01 4
Number of other retired or separated participants entitled to future benefits 2021-01-01 32
Total of all active and inactive participants 2021-01-01 205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 205
Number of participants with account balances 2021-01-01 152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1

Measure	Date	Value
2022: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	216
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	143
Number of retired or separated participants receiving benefits	2022-01-01	4
Number of other retired or separated participants entitled to future benefits	2022-01-01	44
Total of all active and inactive participants	2022-01-01	191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	191
Number of participants with account balances	2022-01-01	153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	174
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	169
Number of retired or separated participants receiving benefits	2021-01-01	4
Number of other retired or separated participants entitled to future benefits	2021-01-01	32
Total of all active and inactive participants	2021-01-01	205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	205
Number of participants with account balances	2021-01-01	152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1

Financial Data on GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN

Measure	Date	Value
2022 : GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2022 401k financial data
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	$-90,594
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$225,443
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$223,512
Expenses. Certain deemed distributions of participant loans	2022-12-31	$0
Value of total corrective distributions	2022-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$525,762
Value of total assets at end of year	2022-12-31	$4,067,583
Value of total assets at beginning of year	2022-12-31	$4,383,620
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$1,931
Total interest from all sources	2022-12-31	$4,127
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$450,000
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	$318,845
Participant contributions at end of year	2022-12-31	$71,865
Participant contributions at beginning of year	2022-12-31	$87,432
Participant contributions at end of year	2022-12-31	$11,201
Participant contributions at beginning of year	2022-12-31	$10,396
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-316,037
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$4,067,583
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$4,383,620
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	$3,360,101
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$2,563,654
Interest on participant loans	2022-12-31	$3,990
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$16,233
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$8,020
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$8,020
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$137
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$601,054
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,707,244
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-620,483
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
Contributions received in cash from employer	2022-12-31	$206,917
Employer contributions (assets) at end of year	2022-12-31	$7,129
Employer contributions (assets) at beginning of year	2022-12-31	$6,874
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$223,512
Contract administrator fees	2022-12-31	$1,931
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	BAKER TILLY US, LLP
Accountancy firm EIN	2022-12-31	390859910
2021 : GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2021 401k financial data
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	$1,292,878
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$432,492
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$430,279
Expenses. Certain deemed distributions of participant loans	2021-12-31	$0
Value of total corrective distributions	2021-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$939,941
Value of total assets at end of year	2021-12-31	$4,383,620
Value of total assets at beginning of year	2021-12-31	$3,523,234
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$2,213
Total interest from all sources	2021-12-31	$2,928
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$450,000
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	$343,370
Participant contributions at end of year	2021-12-31	$87,432
Participant contributions at beginning of year	2021-12-31	$9,763
Participant contributions at end of year	2021-12-31	$10,396
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$374,157
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	$860,386
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$4,383,620
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$3,523,234
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	$2,563,654
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$1,849,602
Interest on participant loans	2021-12-31	$2,969
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$8,020
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$3,143
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$3,143
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$-41
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$1,707,244
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$1,660,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$350,009
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	No
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	$222,414
Employer contributions (assets) at end of year	2021-12-31	$6,874
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$430,279
Contract administrator fees	2021-12-31	$2,213
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	BAKER TILLY US, LLP
Accountancy firm EIN	2021-12-31	390859910

Form 5500 Responses for GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN

2022: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GILMAN CHEESE CORPORATION 401(K) PROFIT SHARINGPLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

063-85569

Policy instance

Insurance contract or identification number	063-85569
Number of Individuals Covered	153
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $2,613
Total amount of fees paid to insurance company	USD $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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $1,887
Insurance broker organization code?	7

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

063-85569

Policy instance

Insurance contract or identification number	063-85569
Number of Individuals Covered	152
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $5,562
Total amount of fees paid to insurance company	USD $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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $5,562
Insurance broker organization code?	7

Potentially related plans

GILMAN CHEESE CORPORATION 401(K) PROFIT-SHARING PLAN [EIN = 390765663]

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Company Name:	GILMAN CHEESE CORPORATION
Employer identification number (EIN):	833178514
NAIC Classification:	311500
NAIC Description:	Dairy Product Manufacturing