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FORM 5500 DATA

Ideal Snacks Corporation 401k Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/2006
  • Net Assets as of 12/31/2016 $678,329
  • 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) Participants375
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits1
  • Subtotal377
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total377
  • Total number of participants as of 01/01/2016421
  • Number of participants with account balances24
  • 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

  • Address89 Mill St
  • CityLiberty
  • StateNY
  • Zip12754
  • Telephone(845) 292-7000
  • EIN20-2952181
  • Industry Code454390

Audit Information

  • Audit StatusAudited
  • AuditorVanacore Debenedictus Digovanni
  • Auditor EIN14-1604297
  • 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.
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.
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 $2,000,000
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 $301,934
Contributions $257,247
Cash Contributions $257,247
Cash from Employers $0
Cash from Participants $193,417
Others (including rollovers) $63,830
Noncash Contributions $0
Total Earnings on Investments $44,687
Total Interest $3,086
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $298
Interest from Other Investments $2,788
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 $41,601
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 $0
Expenses $144,017
Total Benefit Payments $104,693
Directly to participants or beneficiaries, including direct rollovers $104,693
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $39,263
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $61
Professional Fees $0
Contract Administrator Fees $61
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $157,917
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 $678,329 $520,412 30.34%
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 $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 $2,703 $14,778 -81.71%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $560,640 $411,967 36.09%
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 $114,986 $93,667 22.76%
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 $678,329 $520,412 30.34%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Sentry Life Ins Company of New York

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Life Cycle Yd Sentry Life Insurance Company of New York DFE: Pooled Separate Account $245,653
Life Cycle Ye Sentry Life Insurance Company of New York DFE: Pooled Separate Account $84,368
Life Cycle Yc Sentry Life Insurance Company of New York DFE: Pooled Separate Account $84,036
Large Cap Index Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $21,130
Global Large Cap Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $19,306
Total Stock Index Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $17,893
Large Cap Growth Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $15,830
Equity Growth & Income Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $10,239
Diversified Income Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $8,189
Mid-Cap Growth Account I Sentry Life Insurance Company of New York DFE: Pooled Separate Account $7,919
Mid-Cap Value Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $7,699
International Growth Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $7,210
Balanced Growth Account II Sentry Life Insurance Company of New York DFE: Pooled Separate Account $5,801
Small-Mid Cap Index Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $5,260
Aggressive Growth Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $4,719
Mid-Cap Growth Account II Sentry Life Insurance Company of New York DFE: Pooled Separate Account $4,645
Concentrated Growth Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $2,924
Total Bond Index Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $2,348
Diversified Growth Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $2,325
Balanced Income Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $1,489
Small Cap Index Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $1,230
Small Cap Blend Account I Sentry Life Insurance Company of New York DFE: Pooled Separate Account $427
Foreign Large Cap Account Sentry Life Insurance Company of New York DFE: Pooled Separate Account $0
Total $560,640

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Sentry Life Insurance Company of New York 377
EIN 16-0919109
Industry Code 68829
Contract Number 01-08044-01
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $560,640
Insurance Fees and Commissions $645
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Anthony Grassi 61 Phila St Saratoga Springs, NY 12866 Insurance Agent or Broker $645 $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 Deposit Administration
Balance at the end of the previous year $93,667
Additions $117,761
Contributions Deposited during the year $15,655
Dividends and credits $0
Interest credited during the year $2,789
Transferred from separate account $98,894
Other $423
Total of Balance and Additions $211,428
Deductions $96,442
Disbursed from fund to pay benefits or purchase annuities during the year $95,030
Administration charge made by carrier $5
Transferred to Separate Account $0
Other $1,407
Balance at the end of the current year $114,986