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FORM 5500 DATA

Affiliated Foods, Inc. Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan07/31/1971
  • Net Assets as of 12/31/2019 $40,937,598
  • 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 12/31/2019

  • Active (Eligible) Participants925
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits147
  • Subtotal1,072
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,072
  • Total number of participants as of 01/01/20191,263
  • Number of participants with account balances985
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested55

Expenses

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

Sponsor Information

  • AddressPo Box 30300
  • CityAmarillo
  • StateTX
  • Zip79120
  • Telephone(806) 372-3851
  • EIN75-1286922
  • Industry Code424400

Audit Information

  • Audit StatusAudited
  • AuditorJohnson & Sheldon PLLC
  • Auditor EIN46-3602660
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
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.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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 $10,000,000
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
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

Financials

Income and Expense Statement

Income $10,041,378
Contributions $3,257,057
Cash Contributions $3,257,057
Cash from Employers $1,379,645
Cash from Participants $1,803,364
Others (including rollovers) $74,048
Noncash Contributions $0
Total Earnings on Investments $6,784,321
Total Interest $102,598
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $102,598
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 $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 $6,681,723
Other Income $0
Expenses $3,317,925
Total Benefit Payments $3,166,585
Directly to participants or beneficiaries, including direct rollovers $3,166,585
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $35,172
Interest expense $0
Total Administrative Expenses $116,168
Professional Fees $0
Contract Administrator Fees $116,168
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $6,723,453
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $40,937,598 $34,214,145 19.65%
Total noninterest-bearing cash $15,244 $15,298 -0.35%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $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 $1,610,745 $1,577,464 2.11%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $39,311,609 $32,621,383 20.51%
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 $40,937,598 $34,214,145 19.65%

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
Newport Group, Inc. Contract Administrator, Other fees TPA $21,055 $0 $21,055
John Hancock Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Shareholder servicing fees, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Other insurance wrap fees, Soft dollars commissions Recordkeeper $8,680 $0 $8,680
Total $29,735 $0 $29,735

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
Jh Multimanager Balanced Ls John Hancock USA DFE: Pooled Separate Account $13,069,915
Jh Multimanager Growth Ls John Hancock USA DFE: Pooled Separate Account $6,784,763
Jh Multimanager Aggressive Ls John Hancock USA DFE: Pooled Separate Account $3,957,678
Money Market Fund John Hancock USA DFE: Pooled Separate Account $2,402,954
Jh Multimanager Moderate Ls John Hancock USA DFE: Pooled Separate Account $1,061,272
Jh Multimanager Conserv Ls John Hancock USA DFE: Pooled Separate Account $934,061
Jh Multimanager 2030 Lifetime John Hancock USA DFE: Pooled Separate Account $570,298
T. Rowe Price Sci & Tech John Hancock USA DFE: Pooled Separate Account $570,226
Jh Multimanager 2025 Lifetime John Hancock USA DFE: Pooled Separate Account $511,605
Capital Appreciation Fund John Hancock USA DFE: Pooled Separate Account $460,012
T. Rowe Price Health Sci John Hancock USA DFE: Pooled Separate Account $428,993
American Balanced Fund John Hancock USA DFE: Pooled Separate Account $414,981
Vanguard Energy Fund John Hancock USA DFE: Pooled Separate Account $380,592
Fidelity Advisor Total Bond John Hancock USA DFE: Pooled Separate Account $323,705
Mfs Utilities Fund John Hancock USA DFE: Pooled Separate Account $313,666
Mid Cap Index Fund John Hancock USA DFE: Pooled Separate Account $298,247
Blue Chip Growth Fund John Hancock USA DFE: Pooled Separate Account $268,422
Washington Mutual Investors John Hancock USA DFE: Pooled Separate Account $259,171
Science & Technology Fund John Hancock USA DFE: Pooled Separate Account $249,682
500 Index Fund John Hancock USA DFE: Pooled Separate Account $244,252
Pimco Real Return John Hancock USA DFE: Pooled Separate Account $232,711
Franklin Mutual Beacon Fund John Hancock USA DFE: Pooled Separate Account $217,166
Clearbridge Aggressive Growth John Hancock USA DFE: Pooled Separate Account $195,473
Jpmorgan U.S. Equity Fund John Hancock USA DFE: Pooled Separate Account $193,469
Fundamental All Cap Core Fund John Hancock USA DFE: Pooled Separate Account $192,566
Jh Multimanager 2045 Lifetime John Hancock USA DFE: Pooled Separate Account $180,997
John Hancock Disciplined Value John Hancock USA DFE: Pooled Separate Account $179,899
T. Rowe Price Sml Cap Val John Hancock USA DFE: Pooled Separate Account $172,537
Invesco Opp Developing Mkt John Hancock USA DFE: Pooled Separate Account $165,000
Fidelity Contrafund John Hancock USA DFE: Pooled Separate Account $163,006
Jh Multimanager 2040 Lifetime John Hancock USA DFE: Pooled Separate Account $159,362
Real Est. Securities Fund John Hancock USA DFE: Pooled Separate Account $158,484
T. Rowe Price Equity Inc John Hancock USA DFE: Pooled Separate Account $153,778
American Century Heritage John Hancock USA DFE: Pooled Separate Account $147,191
Jh Multimanager 2020 Lifetime John Hancock USA DFE: Pooled Separate Account $121,773
Investment Company of America John Hancock USA DFE: Pooled Separate Account $121,550
Jpmorgan Midcap Value Fund John Hancock USA DFE: Pooled Separate Account $99,360
Jh Multi-Index Income Preserv John Hancock USA DFE: Pooled Separate Account $91,174
Europacific Growth Fund John Hancock USA DFE: Pooled Separate Account $87,051
Invesco Oppenheimer Global John Hancock USA DFE: Pooled Separate Account $86,670
Dfa U.S. Small Cap Fund John Hancock USA DFE: Pooled Separate Account $86,406
Pimco All Asset John Hancock USA DFE: Pooled Separate Account $82,378
The Growth Fund of America John Hancock USA DFE: Pooled Separate Account $77,042
Franklin Small-Mid Growth John Hancock USA DFE: Pooled Separate Account $76,006
Ivy Asset Strategy Fund John Hancock USA DFE: Pooled Separate Account $75,760
Fundamental Large Cap Value John Hancock USA DFE: Pooled Separate Account $75,124
Mid Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $73,362
Royce Opportunity John Hancock USA DFE: Pooled Separate Account $69,782
Jh Multimanager 2035 Lifetime John Hancock USA DFE: Pooled Separate Account $68,314
Mutual Global Discovery John Hancock USA DFE: Pooled Separate Account $65,591
Templeton Foreign Smaller Co John Hancock USA DFE: Pooled Separate Account $65,262
U.S. High Yield Bond Fund John Hancock USA DFE: Pooled Separate Account $64,465
Dfa Emerging Markets Value John Hancock USA DFE: Pooled Separate Account $64,191
John Hancock Intl Growth John Hancock USA DFE: Pooled Separate Account $64,074
Jh Multi-Index 2055 Preserv John Hancock USA DFE: Pooled Separate Account $63,384
Fidelity Adv New Insights John Hancock USA DFE: Pooled Separate Account $61,721
Invesco Small Cap Growth John Hancock USA DFE: Pooled Separate Account $61,195
Sprott Gold Fund John Hancock USA DFE: Pooled Separate Account $57,064
Vanguard Short-Term Federal John Hancock USA DFE: Pooled Separate Account $56,726
New Opportunities Fund John Hancock USA DFE: Pooled Separate Account $56,332
Jh Disciplined Value Intl Fund John Hancock USA DFE: Pooled Separate Account $55,867
Pimco Global Bond Opps Fund John Hancock USA DFE: Pooled Separate Account $54,146
Dodge & Cox Stock Fund John Hancock USA DFE: Pooled Separate Account $51,507
Domini Impact Equity Fund John Hancock USA DFE: Pooled Separate Account $51,262
Vanguard Small Cap Grow Index John Hancock USA DFE: Pooled Separate Account $50,119
John Hancock Us Quality Growth John Hancock USA DFE: Pooled Separate Account $48,771
T. Rowe Price Cap Appreciation John Hancock USA DFE: Pooled Separate Account $47,130
Blackrock Global Allocation John Hancock USA DFE: Pooled Separate Account $44,758
High Yield Fund John Hancock USA DFE: Pooled Separate Account $44,289
Blackrock Basic Value John Hancock USA DFE: Pooled Separate Account $40,747
Vanguard Small Cap Value Index John Hancock USA DFE: Pooled Separate Account $38,059
Capital World Growth & Income John Hancock USA DFE: Pooled Separate Account $37,310
Vanguard Growth Index Fund John Hancock USA DFE: Pooled Separate Account $34,530
Fidelity Adv Leveraged Co Stk John Hancock USA DFE: Pooled Separate Account $33,460
Small Cap Stock Fund John Hancock USA DFE: Pooled Separate Account $33,272
Templeton World John Hancock USA DFE: Pooled Separate Account $32,487
New World Fund John Hancock USA DFE: Pooled Separate Account $32,024
Amg Managers Fairpointe Midcap John Hancock USA DFE: Pooled Separate Account $30,140
T. Rowe Price New Era Fund John Hancock USA DFE: Pooled Separate Account $29,288
Federated High Yield Bond John Hancock USA DFE: Pooled Separate Account $23,356
Income Fund of America John Hancock USA DFE: Pooled Separate Account $22,987
Parnassus Core Equity Fund John Hancock USA DFE: Pooled Separate Account $22,899
John Hancock Bond Fund John Hancock USA DFE: Pooled Separate Account $22,883
Pax Sustainable Allocation John Hancock USA DFE: Pooled Separate Account $21,237
Floating Rate Income Fund John Hancock USA DFE: Pooled Separate Account $20,561
T. Rowe Price Spectrum Inc John Hancock USA DFE: Pooled Separate Account $18,998
International Value Fund John Hancock USA DFE: Pooled Separate Account $16,739
Undiscovered Mgr Behavioral John Hancock USA DFE: Pooled Separate Account $16,544
Dfa International Value John Hancock USA DFE: Pooled Separate Account $16,123
Jh Multi-Index 2035 Preserv John Hancock USA DFE: Pooled Separate Account $15,577
Small Cap Index Fund John Hancock USA DFE: Pooled Separate Account $15,452
Jh Multi-Index 2050 Preserv John Hancock USA DFE: Pooled Separate Account $15,348
Dfa Inflation-Protected Sec John Hancock USA DFE: Pooled Separate Account $15,204
Vanguard Explorer Fund John Hancock USA DFE: Pooled Separate Account $14,721
Jh Multi-Index 2030 Preserv John Hancock USA DFE: Pooled Separate Account $14,656
Strategic Income Opp Fund John Hancock USA DFE: Pooled Separate Account $14,015
Jpmorgan Large Cap Growth John Hancock USA DFE: Pooled Separate Account $13,579
Mfs Emerging Markets Debt John Hancock USA DFE: Pooled Separate Account $13,496
Total Stock Market Index Fund John Hancock USA DFE: Pooled Separate Account $12,447
Financial Industries Fund John Hancock USA DFE: Pooled Separate Account $12,189
Pgim Jennison Mid Cap Growth John Hancock USA DFE: Pooled Separate Account $12,050
Jh Multimanager 2050 Lifetime John Hancock USA DFE: Pooled Separate Account $11,981
Intl Equity Index Fund John Hancock USA DFE: Pooled Separate Account $11,377
Invesco International Growth John Hancock USA DFE: Pooled Separate Account $11,349
Fundamental Investors John Hancock USA DFE: Pooled Separate Account $9,622
Jh Multimanager 2015 Lifetime John Hancock USA DFE: Pooled Separate Account $9,618
Vanguard Mid-Cap Growth Etf John Hancock USA DFE: Pooled Separate Account $9,520
Vanguard Tot Wld Stk Index Etf John Hancock USA DFE: Pooled Separate Account $9,357
Vanguard Value Index Fund John Hancock USA DFE: Pooled Separate Account $9,213
Mfs Massachusetts Investors John Hancock USA DFE: Pooled Separate Account $8,782
Lord Abbett Value Opps Fund John Hancock USA DFE: Pooled Separate Account $6,725
Keeley Small Cap Dividend Val John Hancock USA DFE: Pooled Separate Account $6,050
Jh Disciplined Value Mid Cap John Hancock USA DFE: Pooled Separate Account $6,015
Jh Multimanager 2055 Lifetime John Hancock USA DFE: Pooled Separate Account $5,944
Capital Income Builder John Hancock USA DFE: Pooled Separate Account $5,724
Mid Value Fund John Hancock USA DFE: Pooled Separate Account $4,626
Fidelity Adv Diversified Stock John Hancock USA DFE: Pooled Separate Account $3,668
Vanguard Mid-Cap Value Etf John Hancock USA DFE: Pooled Separate Account $3,296
Jh Multi-Index 2060 Preserv John Hancock USA DFE: Pooled Separate Account $2,985
Jh Multimanager 2060 Lifetime John Hancock USA DFE: Pooled Separate Account $2,685
Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $2,530
Northern Em Equity Index Fund John Hancock USA DFE: Pooled Separate Account $2,261
Jh Multimanager 2010 Lifetime John Hancock USA DFE: Pooled Separate Account $2,120
Jh Multi-Index 2040 Preserv John Hancock USA DFE: Pooled Separate Account $2,010
Core Bond Fund John Hancock USA DFE: Pooled Separate Account $1,576
Equity Income Fund John Hancock USA DFE: Pooled Separate Account $1,574
Smallcap World Fund John Hancock USA DFE: Pooled Separate Account $664
Wisdomtree Midcap Dividend Etf John Hancock USA DFE: Pooled Separate Account $612
T. Rowe Price Short Term Bond John Hancock USA DFE: Pooled Separate Account $536
Dodge & Cox International St John Hancock USA DFE: Pooled Separate Account $414
Wisdomtree Mc Earnings Etf John Hancock USA DFE: Pooled Separate Account $372
New Perspective Fund John Hancock USA DFE: Pooled Separate Account $348
Baird Midcap Fund John Hancock USA DFE: Pooled Separate Account $249
Templeton Global Bond Fund John Hancock USA DFE: Pooled Separate Account $237
Invesco Opp Intl Growth Fund John Hancock USA DFE: Pooled Separate Account $166
Dfa Us Targeted Value Fund John Hancock USA DFE: Pooled Separate Account $127
Wisdomtree Sc Dividend Etf John Hancock USA DFE: Pooled Separate Account $124
Northern Small Cap Value Fund John Hancock USA DFE: Pooled Separate Account $100
Invesco Oppenheimer Int'L Bond John Hancock USA DFE: Pooled Separate Account $34
Opportunistic Fixed Income John Hancock USA DFE: Pooled Separate Account $33
Total $39,302,742

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
John Hancock Life Insurance Company (USA) 1,250
EIN 01-0233346
Industry Code 65838
Contract Number 74704
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $0
Value in Separate Accounts at Year End $39,302,742
Insurance Fees and Commissions $82,678
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Amarillo National Bank Po Box 1 Amarillo, TX 79105 Banking, Savings and Loan Association, Credit Union, or other similar financial institution $0 $63,832 TRUSTEE FEES. OTHER PAYMENTS
Newport Group, Inc. 1350 Treat Boulevard Walnut Creek, CA 94597 Third Party Administrator $0 $18,846 TPA COMPENSATION
Allocated Funds
Type of Contract GROUP ANNUITY
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 Group Annuity
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0