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FORM 5500 DATA

Krispy Kreme Doughnut Corporation Retirement Savings Plan

Overview

Plan Information

  • Plan Year01/01/2006 — 12/31/2006
  • Date of Plan02/01/1982
  • Net Assets as of 12/31/2006 $24,444,791
  • 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
  • Report Description This is an amended report.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2006

  • Active (Eligible) Participants3,922
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits266
  • Subtotal4,188
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total4,188
  • Total number of participants as of 01/01/20064,215
  • Number of participants with account balances1,956
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA67

Expenses

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

Sponsor Information

  • Address370 Knollwood Street, Suite 400
  • CityWinston Salem
  • StateNC
  • Zip27103-1835
  • Telephone(336) 726-8982
  • EIN56-1318322
  • Industry Code445291
  • Named AdministratorMary R. Mcelwee
  • Named Plan SponsorMary R. Mcelwee

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorPrice Waterhouse Coopers
  • Auditor EIN13-4008324
  • 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.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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.
2K 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 contributions 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.
3D 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.

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 $5,000,000
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

Financials

Income and Expense Statement

Income $5,565,664
Contributions $3,274,719
Cash Contributions $3,274,719
Cash from Employers $905,723
Cash from Participants $2,189,900
Others (including rollovers) $179,096
Noncash Contributions $0
Total Earnings on Investments $2,290,945
Total Interest $85,919
Interest-Bearing Cash $2,346
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $83,573
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $1,242,924
Real Estate $0
Other $1,242,924
Net investment gain (loss) from common/collective trusts $337,624
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 $624,478
Other Income $0
Expenses $2,564,641
Total Benefit Payments $2,430,985
Directly to participants or beneficiaries, including direct rollovers $2,430,985
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $78,573
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $55,083
Professional Fees $55,083
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $3,001,023
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2006 12/31/2005 Change YOY
Total Assets $24,523,364 $21,584,208 13.62%
Total noninterest-bearing cash $0 $90,089 -100.00%
Receivables $34,510 $31,367 10.02%
Employer Contributions $9,717 $8,938 8.72%
Participant Contributions $24,793 $22,429 10.54%
Other Contributions $0 $0 0.0%
General Investments $26,136 $0 0.0%
Interest-bearing cash $26,136 $0 0.0%
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 $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
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 $1,520,697 $1,468,338 3.57%
Value of interest in common/collective trusts $8,791,062 $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 $13,287,490 $19,454,145 -31.70%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $863,469 $540,269 59.82%
Employer Securities $863,469 $540,269 59.82%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $78,573 $140,440 -44.05%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $78,573 $140,440 -44.05%
Net Assets $24,444,791 $21,443,768 13.99%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
Branch Banking & Trust Recordkeeping $0 $55,083 $55,083
Total $0 $55,083 $55,083

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Federated Capital Preservation Fund Federated Investors, Inc DFE: Common/Collective Trust $8,875,445
Total $8,875,445

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.