Back to top
FORM 5500 DATA

1-800-Flowers Team Services, Inc. Prototype 401k Profit-Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan04/01/1996
  • Net Assets as of 12/31/2017 $120,997,275
  • 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 12/31/2017

  • Active (Eligible) Participants6,116
  • Retired or separated participants receiving benefits19
  • Other retired or separated participants entitled to future benefits886
  • Subtotal7,021
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits2
  • Total7,023
  • Total number of participants as of 01/01/20175,533
  • Number of participants with account balances3,128
  • 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

  • AddressOne Old Country Road Suite 500
  • CityCarle Place
  • StateNY
  • Zip11514
  • Telephone(516) 237-6000
  • EIN11-3187400
  • Industry Code454110
  • Named AdministratorWilliam E. Shea

Audit Information

  • Audit StatusAudited
  • AuditorEisneramper LLP
  • Auditor EIN13-1639826
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

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 $1,000,000
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? Yes $1
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 $24,646,733
Contributions $8,134,632
Cash Contributions $8,134,632
Cash from Employers $0
Cash from Participants $7,403,263
Others (including rollovers) $731,369
Noncash Contributions $0
Total Earnings on Investments $16,512,101
Total Interest $253,142
Interest-Bearing Cash $392
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $65,229
Interest from Other Investments $187,521
Total Dividends $4,743,069
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 $11,515,890
Other Income $0
Expenses $10,115,501
Total Benefit Payments $9,681,172
Directly to participants or beneficiaries, including direct rollovers $9,681,172
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $439,272
Certain deemed distributions of participant loans $4,997
Interest expense $0
Total Administrative Expenses $-9,940
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $4,987
Other Administrative Fees $-14,927
Net Income $14,531,232
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $120,997,275 $106,466,043 13.65%
Total noninterest-bearing cash $0 $0 0.0%
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 $100,253 $39,763 152.13%
Interest-bearing cash $100,253 $39,763 152.13%
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 $1,882,092 $1,692,864 11.18%
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 $107,563,455 $91,966,581 16.96%
Value of funds held in insurance co. general account $11,451,475 $12,766,835 -10.30%
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 $120,997,275 $106,466,043 13.65%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Investments Institutional

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
Morgan Stanley Global Banking Oper Consulting (general) Consultant $36,504 $0 $36,504
Ubs Financial Services Inc Consulting (general) Consultant $26,275 $0 $26,275
Morgan Stanley Smith Barney LLC Other fees Advisor $0 $238 $238
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees Recordkeeper $-77,706 $0 $-77,706
Total $-14,927 $238 $-14,689

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Am Cent Oc In Rtm IV - American Ce Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2020 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2025 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2030 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2035 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2040 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2045 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2050 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Am Cent Oc 2055 Inv - American Cen Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Blkrk Infl Protec Is - Bny Mellon Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Bwg Glb Opp Bond I - Bny Mellon In Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Calamos Ev Wld Gr I - Us Bancorp F Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Delaware Value Inst - Delaware Inv Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Gs Sm Cap Value Inv - Goldman, Sac Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Metwest Tot Rtn Bd M - Bny Mellon Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Opp Developing Mkt Y - Ofi Global Sub-transfer agency fees 0.25% $0
Fidelity Investments Institutional Pimco Income P - Dst Asset Manager Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pru Guaranteed Inc Sub-transfer agency fees 0.35% $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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Prudential Retirement Insurance and Annuity Company 433
EIN 06-1050034
Industry Code 93629
Contract Number GA-063482
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
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 INCOME FUND
Balance at the end of the previous year $12,766,835
Additions $1,165,040
Contributions Deposited during the year $385,781
Dividends and credits $0
Interest credited during the year $187,424
Transferred from separate account $465,769
Other $126,066
Total of Balance and Additions $13,931,875
Deductions $2,480,400
Disbursed from fund to pay benefits or purchase annuities during the year $1,121,000
Administration charge made by carrier $28,767
Transferred to Separate Account $1,270,701
Other $59,932
Balance at the end of the current year $11,451,475