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FORM 5500 DATA

B&W Quality Growers, LLC Savings Plan

Overview

Plan Information

  • Plan Year01/01/2014 — 12/31/2014
  • Date of Plan07/01/2004
  • Net Assets as of 12/31/2014 $2,718,156
  • 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 ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2014

  • Active (Eligible) Participants128
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits8
  • Subtotal140
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total140
  • Total number of participants as of 01/01/2014140
  • Number of participants with account balances40
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • Address7798 County Road 512
  • CityFellsmere
  • StateFL
  • Zip32948
  • Telephone(772) 571-0800
  • EIN59-1237359
  • Industry Code111210
  • Named AdministratorLeydiana Collins

Audit Information

  • Audit StatusAudited
  • AuditorRehman Robson LLC
  • Auditor EIN38-3635706
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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.
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.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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? Yes $34,127
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? Yes
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? Yes

Financials

Income and Expense Statement

Income $431,892
Contributions $328,979
Cash Contributions $328,979
Cash from Employers $106,632
Cash from Participants $218,008
Others (including rollovers) $4,339
Noncash Contributions $0
Total Earnings on Investments $102,913
Total Interest $1,755
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,755
Interest from Other Investments $0
Total Dividends $2,942
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 $0
Real Estate $0
Other $0
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 $98,216
Other Income $0
Expenses $141,890
Total Benefit Payments $122,256
Directly to participants or beneficiaries, including direct rollovers $122,256
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $19,634
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $19,634
Net Income $290,002
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2014 12/31/2013 Change YOY
Total Assets $2,720,104 $2,430,082 11.93%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,068 $0 0.0%
Employer Contributions $124 $0 0.0%
Participant Contributions $944 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $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 $32,075 $51,008 -37.12%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,487,498 $2,129,243 16.83%
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 $0 $0 0.0%
Value of funds held in insurance co. general account $199,463 $249,831 -20.16%
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 $1,948 $1,928 1.04%
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) $1,948 $1,928 1.04%
Net Assets $2,718,156 $2,428,154 11.94%

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
Lincoln National Contract Administrator Service Provider $12,753 $0 $12,753
Stadion Money Management Investment advisory (participants), Recordkeeping and information management (computing, tabulating, data processing, etc.) Service Provider $6,431 $0 $6,431
Total $19,184 $0 $19,184

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.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Lnl Satm Stadion Managed Moderate Lincoln National Corporation DFE: Pooled Separate Account $558,801
Lnl Sala Ssga S&P Midcap Index Non- Lincoln National Corporation DFE: Pooled Separate Account $476,102
Lnl Sa32 Vanguard Lifestrategy Grow Lincoln National Corporation DFE: Pooled Separate Account $276,419
Lnl Satg Stadion Managed Growth Lincoln National Corporation DFE: Pooled Separate Account $266,411
Lnl Sa27 Lvip Ssga S&P 500 Index Lincoln National Corporation DFE: Pooled Separate Account $166,742
Lnl Satb Stadion Managed Balanced Lincoln National Corporation DFE: Pooled Separate Account $152,097
Lnl Sal9 Ssga Russell Large Cap Gro Lincoln National Corporation DFE: Pooled Separate Account $124,215
Lnl Satc Stadion Managed Conservati Lincoln National Corporation DFE: Pooled Separate Account $105,945
American Funds Europac Growth Lincoln National Corporation DFE: Pooled Separate Account $105,370
Lnl Salb Ssga Russell Small Cap Val Lincoln National Corporation DFE: Pooled Separate Account $95,781
Lnl Sa21 Vanguard Life Strategy Mod Lincoln National Corporation DFE: Pooled Separate Account $45,357
Lnl Sa30 Vanguard Lifestrategy Cons Lincoln National Corporation DFE: Pooled Separate Account $34,120
Blackrock Global Allocation Lincoln National Corporation DFE: Pooled Separate Account $25,225
Lnl Sall Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $8,692
Lnl Sal4 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $8,619
Lnl Sal3 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $8,571
Lnl Sal2 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $8,458
Lnl Sal1 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $8,393
Lnl Satp Stadion Managed Capital Pr Lincoln National Corporation DFE: Pooled Separate Account $7,724
Lnl Sa14 Federated Goverment Ultras Lincoln National Corporation DFE: Pooled Separate Account $2,343
Mfs Vit Growth Sa65 Lincoln National Corporation DFE: Pooled Separate Account $2,114
Total $2,487,499

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 49
EIN 35-0472300
Industry Code 65676
Contract Number GP 27204 FQ8G
Contract Year 01/01/2014 — 12/31/2014
Value in General Account at Year End $199,463
Value in Separate Accounts at Year End $2,487,498
Insurance Fees and Commissions $7,735
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Rimbach, David A Ste 110 Winter Park, FL 32789 Agent or Broker other than Insurance $6,510 $1,225 FINANCIAL ADVISOR FEE
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Guaranteed Investment
Balance at the end of the previous year $249,831
Additions $32,451
Contributions Deposited during the year $28,859
Dividends and credits $0
Interest credited during the year $2,942
Transferred from separate account $0
Other $650
Total of Balance and Additions $282,282
Deductions $82,819
Disbursed from fund to pay benefits or purchase annuities during the year $80,788
Administration charge made by carrier $1,003
Transferred to Separate Account $0
Other $1,028
Balance at the end of the current year $199,463