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FORM 5500 DATA

B&W Quality Growers, LLC Savings Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan07/01/2004
  • Net Assets as of 12/31/2016 $3,024,580
  • 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 12/31/2016

  • Active (Eligible) Participants127
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal127
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total127
  • Total number of participants as of 01/01/2016150
  • Number of participants with account balances95
  • 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

Audit Information

  • Audit StatusAudited
  • AuditorCrowe Horwath, LLP
  • Auditor EIN35-0921680
  • 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? 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? 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 $574,909
Contributions $357,010
Cash Contributions $357,010
Cash from Employers $142,460
Cash from Participants $214,550
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $217,619
Total Interest $46,792
Interest-Bearing Cash $44,263
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $2,529
Participant Loans $0
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 $170,827
Real Estate $0
Other $170,827
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 $0
Other Income $280
Expenses $166,211
Total Benefit Payments $116,422
Directly to participants or beneficiaries, including direct rollovers $116,422
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 $49,789
Professional Fees $49,789
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $408,698
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 $3,024,580 $2,615,882 15.62%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $7,753 $6,918 12.07%
Employer Contributions $853 $71 1101.41%
Participant Contributions $6,900 $6,847 0.77%
Other Contributions $0 $0 0.0%
General Investments $353 $0 0.0%
Interest-bearing cash $353 $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 $54,808 $47,830 14.59%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $2,961,666 $2,561,134 15.64%
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 $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 $0 $0 0.0%
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) $0 $0 0.0%
Net Assets $3,024,580 $2,615,882 15.62%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Lincoln National Corporation
  • Stadion Money Management

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 $40,722 $0 $40,722
H Beck Finders' fees/placement fees Advisor $0 $14,195 $14,195
Stadion Money Management Investment advisory (participants), Recordkeeping and information management (computing, tabulating, data processing, etc.) Service Provider $7,626 $0 $7,626
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $1,692 $1,692
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $1,626 $1,626
Carpenter Morse Group Recordkeeping and information management (computing, tabulating, data processing, etc.) Third Party Administrator $1,200 $0 $1,200
National Financial Services, LLC Finders' fees/placement fees Paying Agetn $0 $1,192 $1,192
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $721 $721
National Services Financial LLC Finders' fees/placement fees 0 $0 $489 $489
National Financials Services LLC Finders' fees/placement fees Paying Agent $0 $486 $486
Natioanl Financial Services, LLC Finders' fees/placement fees Paying Agent $0 $456 $456
National Financial Services, LLC Finders' fees/placement fees Paying Agent $0 $264 $264
Fidelity Investments Participant loan processing, Recordkeeping fees, Account maintenance fees Recordkeeper $238 $0 $238
National Financial Services LLC Finders' fees/placement fees Paying Agent $0 $131 $131
National Financial Services, LLC Finders' fees/placement fees Paying Agent $0 $37 $37
Fidelity Investments Institutional Sub-transfer agency fees Recordkeeper $0 $0 $0
Fidelity Investments Institutional Sub-transfer agency fees Recordkeeper $0 $0 $0
Total $49,786 $21,289 $71,075

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fid Ret Govt Mm- Fidelity Manage Fidelity Investments Sub-transfer agency fees .42% $0
Fa Freedom 2020 T-Fmr Co., Inc Fidelity Investments Sub-transfer agency fees 1.16%*4 $0
Fa Freedom 2013 T-Fmr Co., Inc Fidelity Investments Sub-transfer agency fees 1.24%.4 $0
Fa Freedom 2040 T-Fmr Co., Inc. Fidelity Investments Sub-transfer agency fees 1.27%*.4 $0
Fa Freedom 2005 T- Fmr Co., Inc. Fidelity Investments Sub-transfer agency fees 1.05%*4 $0
Fa Freedom 2015 T-Fmr Co., Inc. Fidelity Investments Sub-transfer agency fees 1.14%*4 $0
Fa Freedom 2025 T- Fmr Co., Inc Fidelity Investments Sub-transfer agency fees 1.19%*4 $0
Fa Freedom 2035 T-Fmr Co., Inc. Fidelity Investments Sub-transfer agency fees 1.27%*4 $0
Fa Freedom 2045 T-Fmr. Co., Inc. Fidelity Investments Sub-transfer agency fees 1.27%*4 $0
Fa Freedom 2055 T-Fmr Co., Inc. Fidelity Investments Sub-transfer agency fees 1.27%*4 $0
Mfs Mid Cap Value R2-Massachusettes MFS Sub-transfer agency fees .72% $0
Mfs Mid Cap Value R2-Massachusettes MFS Sub-transfer agency fees .50% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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 Sa14 Federated Goverment Ultras Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal9 Ssga Russell Large Cap Gro Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sala Ssga S&P Midcap Index Non- Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Salb Ssga Russell Small Cap Val Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sall Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satb Stadion Managed Balanced Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satp Stadion Managed Capital Pr Lincoln National Corporation DFE: Pooled Separate Account $0
Sa55 Lvip Clarion Global Real Lincoln National Corporation DFE: Pooled Separate Account $0
Mfs Vit Growth Sa65 Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Salc Ssga Russell Small Cap Gro Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satg Stadion Managed Growth Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satm Stadion Managed Moderate Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satc Stadion Managed Conservati Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa21 Vanguard Life Strategy Mod Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa27 Lvip Ssga S&P 500 Index Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa30 Vanguard Lifestrategy Cons Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sa32 Vanguard Lifestrategy Grow Lincoln National Corporation DFE: Pooled Separate Account $0
American Funds Europac Growth Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal1 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal2 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal3 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Sal4 Lvip Managed Risk Profile Lincoln National Corporation DFE: Pooled Separate Account $0
Lnl Satt Stadion Managed Max Gro Lincoln National Corporation DFE: Pooled Separate Account $0
Total $0

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Lincoln National Life Insurance Co. 0
EIN 35-0472300
Industry Code 65676
Contract Number GP 27204 FQ8G
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $10,878
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 $10,878 $0
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 $207,698
Additions $48,072
Contributions Deposited during the year $39,270
Dividends and credits $0
Interest credited during the year $2,803
Transferred from separate account $2,801
Other $3,198
Total of Balance and Additions $255,770
Deductions $255,770
Disbursed from fund to pay benefits or purchase annuities during the year $245,408
Administration charge made by carrier $960
Transferred to Separate Account $0
Other $9,402
Balance at the end of the current year $0