Back to top

Walt's Food Center 401k Profit Sharing Plan Trust


Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan03/18/1969
  • Net Assets as of 12/31/2016 $6,256,310
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants522
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits16
  • Subtotal538
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits1
  • Total539
  • Total number of participants as of 01/01/2016574
  • Number of participants with account balances551
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested22


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address330 W. Taft Drive
  • CitySouth Holland
  • StateIL
  • Zip60473
  • Telephone(708) 596-3166
  • EIN36-2528955
  • Industry Code445110
  • Named AdministratorRobert Lagestee
  • Named Plan SponsorRobert Lagestee

Plan Administrator Information

  • Administrator NameTrustees of Walts Food Center Employee Benefit Plan
  • Address330 W. Taft Drive
  • CitySouth Holland
  • StateIL
  • Zip60473
  • Telephone(708) 596-3166
  • Administrator EIN36-6224617

Audit Information

  • Audit StatusAudited
  • AuditorKlesman & Company, P.C.
  • Auditor EIN36-3606968
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2G 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.
2J 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.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No


Income and Expense Statement

Income $580,436
Contributions $187,344
Cash Contributions $187,344
Cash from Employers $0
Cash from Participants $187,344
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $393,092
Total Interest $2,129
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,129
Interest from Other Investments $0
Total Dividends $134,940
Preferred Stock $0
Common Stock $2,131
Rents $0
Net gain (loss) on sale of assets $15,890
Aggregate Proceeds $96,824
Aggregate Carrying Amount $80,934
Total Unrealized Appreciation (depreciation) of assets $1,810
Real Estate $0
Other $1,810
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $238,323
Other Income $0
Expenses $292,294
Total Benefit Payments $248,529
Directly to participants or beneficiaries, including direct rollovers $248,529
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $5,555
Interest expense $0
Total Administrative Expenses $38,210
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $38,210
Net Income $288,142
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $6,275,531 $5,987,264 4.81%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $9,154 $50,000 -81.69%
Employer Contributions $0 $50,000 0.0%
Participant Contributions $9,154 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $2,109,102 $2,047,331 3.02%
Interest-bearing cash $2,109,102 $2,047,331 3.02%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $39,622 $44,552 -11.07%
Preferred $0 $0 0.0%
Common $39,622 $44,552 -11.07%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $79,070 $52,544 50.48%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,038,583 $3,792,837 6.48%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $19,221 $19,096 0.65%
Benefit Claims Payable (1) $5,771 $5,646 2.21%
Operating Payables (1) $13,450 $13,450 0.00%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $6,256,310 $5,968,168 4.83%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
A.M.I.C. Advisors Investment advisory (participants), Direct payment from the plan $26,488 $0 $26,488
Klesman & Company, P.C. Accounting (including auditing) $0 $16,960 $16,960
Ascensus, Inc. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan $11,722 $0 $11,722
Total $38,210 $16,960 $55,170

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.