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Plan Name | STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN |
Plan identification number | 301 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | STE. MICHELLE WINE ESTATES LLC |
Employer identification number (EIN): | 910897041 |
NAIC Classification: | 312130 |
NAIC Description: | Wineries |
Additional information about STE. MICHELLE WINE ESTATES LLC
Jurisdiction of Incorporation: | Washington Secretary of State Corporations Division |
Incorporation Date: | 1973-01-02 |
Company Identification Number: | 600099424 |
Legal Registered Office Address: |
711 CAPITOL WAY S STE 204 OLYMPIA United States of America (USA) 985011267 |
More information about STE. MICHELLE WINE ESTATES LLC
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
301 | 2022-01-01 | ||||
301 | 2021-01-01 |
Measure | Date | Value |
---|---|---|
2022: STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 149,934,082 |
Acturial value of plan assets | 2022-12-31 | 146,942,256 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 51,878,256 |
Number of terminated vested participants | 2022-12-31 | 668 |
Fundng target for terminated vested participants | 2022-12-31 | 42,990,105 |
Active participant vested funding target | 2022-12-31 | 32,120,347 |
Number of active participants | 2022-12-31 | 608 |
Total funding liabilities for active participants | 2022-12-31 | 33,893,023 |
Total participant count | 2022-12-31 | 1,679 |
Total funding target for all participants | 2022-12-31 | 128,761,384 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 0 |
Present value of excess contributions | 2022-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 0 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 2,249,011 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 1,679 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 530 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 409 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 665 |
Total of all active and inactive participants | 2022-01-01 | 1,604 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 35 |
Total participants | 2022-01-01 | 1,639 |
Number of participants with account balances | 2022-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 29 |
2021: STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2021 401k membership | ||
Market value of plan assets | 2021-12-31 | 147,646,411 |
Acturial value of plan assets | 2021-12-31 | 134,392,738 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 45,079,689 |
Number of terminated vested participants | 2021-12-31 | 594 |
Fundng target for terminated vested participants | 2021-12-31 | 32,233,261 |
Active participant vested funding target | 2021-12-31 | 41,748,106 |
Number of active participants | 2021-12-31 | 766 |
Total funding liabilities for active participants | 2021-12-31 | 44,293,423 |
Total participant count | 2021-12-31 | 1,732 |
Total funding target for all participants | 2021-12-31 | 121,606,373 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 5,317,835 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 5,317,835 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 0 |
Present value of excess contributions | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
Total employer contributions | 2021-12-31 | 0 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 2,122,048 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 1,732 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 608 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 373 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 655 |
Total of all active and inactive participants | 2021-01-01 | 1,636 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 43 |
Total participants | 2021-01-01 | 1,679 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 50 |
Measure | Date | Value |
---|---|---|
2022 : STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2022 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-22,120,430 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-22,120,430 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $101,436 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $169,396 |
Total income from all sources (including contributions) | 2022-12-31 | $-41,865,962 |
Total loss/gain on sale of assets | 2022-12-31 | $-22,498,382 |
Total of all expenses incurred | 2022-12-31 | $6,206,747 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $4,626,253 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
Value of total assets at end of year | 2022-12-31 | $102,150,846 |
Value of total assets at beginning of year | 2022-12-31 | $150,291,515 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,580,494 |
Total interest from all sources | 2022-12-31 | $2,722,176 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $23,738 |
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 | $148,930 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2022-12-31 | $373,275 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2022-12-31 | $1,643,258 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $1,112,905 |
Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $5,074,546 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $101,436 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $169,396 |
Other income not declared elsewhere | 2022-12-31 | $6,936 |
Administrative expenses (other) incurred | 2022-12-31 | $1,156,957 |
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 | $-48,072,709 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $102,049,410 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $150,122,119 |
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 | $225,857 |
Income. Interest from US Government securities | 2022-12-31 | $176,131 |
Income. Interest from corporate debt instruments | 2022-12-31 | $2,482,553 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $58,777,166 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $47,986,059 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $404,632 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $357,433 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $357,433 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $63,492 |
Asset value of US Government securities at end of year | 2022-12-31 | $3,524,251 |
Asset value of US Government securities at beginning of year | 2022-12-31 | $6,501,969 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
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 |
Income. Dividends from preferred stock | 2022-12-31 | $23,625 |
Income. Dividends from common stock | 2022-12-31 | $113 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $4,626,253 |
Asset. Corporate debt instrument preferred debt at end of year | 2022-12-31 | $0 |
Asset. Corporate debt instrument preferred debt at beginning of year | 2022-12-31 | $203,357 |
Asset. Corporate debt instrument debt (other) at end of year | 2022-12-31 | $37,958,617 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2022-12-31 | $88,524,893 |
Contract administrator fees | 2022-12-31 | $48,750 |
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 |
Aggregate proceeds on sale of assets | 2022-12-31 | $60,969,955 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $83,468,337 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | MOSS ADAMS LLP |
Accountancy firm EIN | 2022-12-31 | 910189318 |
2021 : STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2021 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $-759,732 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $-759,732 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $169,396 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $97,864 |
Total income from all sources (including contributions) | 2021-12-31 | $7,544,398 |
Total loss/gain on sale of assets | 2021-12-31 | $100,620 |
Total of all expenses incurred | 2021-12-31 | $5,505,783 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,994,752 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $0 |
Value of total assets at end of year | 2021-12-31 | $150,291,515 |
Value of total assets at beginning of year | 2021-12-31 | $148,181,368 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $1,511,031 |
Total interest from all sources | 2021-12-31 | $1,011,395 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $8,885 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $116,679 |
Assets. Corporate prefeered stocks other than exployer securities at end of year | 2021-12-31 | $1,643,258 |
Assets. Corporate prefeered stocks other than exployer securities at beginning of year | 2021-12-31 | $0 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
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 |
Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $5,074,546 |
Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $169,396 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $97,864 |
Other income not declared elsewhere | 2021-12-31 | $11,950 |
Administrative expenses (other) incurred | 2021-12-31 | $923,386 |
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 | $2,038,615 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $150,122,119 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $148,083,504 |
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 |
Investment advisory and management fees | 2021-12-31 | $239,583 |
Interest earned on other investments | 2021-12-31 | $24,676 |
Income. Interest from US Government securities | 2021-12-31 | $37,268 |
Income. Interest from corporate debt instruments | 2021-12-31 | $948,240 |
Value of interest in master investment trust accounts at end of year | 2021-12-31 | $0 |
Value of interest in master investment trust accounts at beginning of year | 2021-12-31 | $141,469,833 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $47,986,059 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $357,433 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $311,535 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $311,535 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $1,211 |
Asset value of US Government securities at end of year | 2021-12-31 | $6,501,969 |
Asset value of US Government securities at beginning of year | 2021-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
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 |
Employer contributions (assets) at end of year | 2021-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $6,400,000 |
Income. Dividends from preferred stock | 2021-12-31 | $8,885 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,994,752 |
Asset. Corporate debt instrument preferred debt at end of year | 2021-12-31 | $203,357 |
Asset. Corporate debt instrument preferred debt at beginning of year | 2021-12-31 | $0 |
Asset. Corporate debt instrument debt (other) at end of year | 2021-12-31 | $88,524,893 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2021-12-31 | $0 |
Contract administrator fees | 2021-12-31 | $231,383 |
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 |
Aggregate proceeds on sale of assets | 2021-12-31 | $60,450,909 |
Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $60,350,289 |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | MOSS ADAMS LLP |
Accountancy firm EIN | 2021-12-31 | 910189318 |
2022: STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
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 – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: STE. MICHELLE WINE ESTATES LLC RETIREMENT INCOME PLAN 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | Yes |
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 – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |