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FORM 5500 DATA

Wakefern Food Corp. 401k Savings Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1983
  • Net Assets as of 12/31/2017 $323,757,158
  • Plan Number2
  • 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 Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants1,792
  • Retired or separated participants receiving benefits39
  • Other retired or separated participants entitled to future benefits263
  • Subtotal2,094
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total2,094
  • Total number of participants as of 01/01/20172,094
  • Number of participants with account balances2,020
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested44

Expenses

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

Sponsor Information

  • Address5000 Riverside Drive
  • CityKeasbey
  • StateNJ
  • Zip08832
  • Telephone(732) 512-6374
  • EIN22-1434516
  • Industry Code424400
  • Named AdministratorKen Grogan

Audit Information

  • Audit StatusAudited
  • AuditorWithumsmith Brown, Pc
  • Auditor EIN22-2027092
  • 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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 $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 $67,606,990
Contributions $20,541,385
Cash Contributions $20,541,385
Cash from Employers $5,974,477
Cash from Participants $12,840,218
Others (including rollovers) $1,726,690
Noncash Contributions $0
Total Earnings on Investments $47,065,605
Total Interest $353,066
Interest-Bearing Cash $189,589
U.S. Government Securities $0
Corporate Debt Instruments $838
Loans (other than to participants) $0
Participant Loans $162,639
Interest from Other Investments $0
Total Dividends $15,405,739
Preferred Stock $66
Common Stock $190,151
Rents $0
Net gain (loss) on sale of assets $654,638
Aggregate Proceeds $15,229,059
Aggregate Carrying Amount $14,574,421
Total Unrealized Appreciation (depreciation) of assets $1,224,778
Real Estate $0
Other $1,224,778
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 $29,427,384
Other Income $0
Expenses $12,265,801
Total Benefit Payments $12,194,007
Directly to participants or beneficiaries, including direct rollovers $12,194,007
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $232
Certain deemed distributions of participant loans $25,257
Interest expense $0
Total Administrative Expenses $46,305
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $101,063
Other Administrative Fees $-54,758
Net Income $55,341,189
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 $323,757,158 $268,415,969 20.62%
Total noninterest-bearing cash $10,000 $0 0.0%
Receivables $2,574,318 $2,344,098 9.82%
Employer Contributions $2,297,080 $2,091,022 9.85%
Participant Contributions $277,238 $253,076 9.55%
Other Contributions $0 $0 0.0%
General Investments $27,734,208 $27,432,630 1.10%
Interest-bearing cash $27,685,898 $27,384,706 1.10%
U.S. Government Securities $48,310 $47,924 0.81%
Corporate Debt Instruments $11,450 $10,925 4.81%
Preferred $0 $0 0.0%
All Other $11,450 $10,925 4.81%
Corporate Stocks $11,616,499 $10,568,580 9.92%
Preferred $0 $1,582 -100.00%
Common $11,616,499 $10,566,998 9.93%
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 $4,988,289 $4,638,442 7.54%
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 $276,826,534 $223,429,044 23.90%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $-4,140 $-7,750 -46.58%
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 $323,757,158 $268,415,969 20.62%

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
Strategic Advisors, Inc. Investment advisory (plan) Advisor $101,063 $0 $101,063
Newport Capital Group Actuarial Actuary $81,955 $0 $81,955
Fidelity Investments Institutional Participant loan processing, Sub-transfer agency fees, Recordkeeping fees, Account maintenance fees, Securities brokerage commissions and fees Recordkeeper $-165,386 $0 $-165,386
Total $17,632 $0 $17,632

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Investments Institutional Western Asset Core Bond Plus Fund C Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch Internationlopportunities F Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Wasatch International Growth Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Virtus Rampart Alt Diversifier Fd C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Victory Munder Mid Cap Core Grwth C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Sound Mind Investing Fund Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional China Region Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Tocqueville Gold Fund Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Thornburg Intl Growth Cl C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Third Avenue Real Estate Value Inst Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Templeton Global Bond Class A Sub-transfer agency fees $16.00 $0
Fidelity Investments Institutional Templeton Developingmarkets Class C Sub-transfer agency fees $19.00 $0
Fidelity Investments Institutional Tcw Emerging Markets Income Cl N Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Summit Global Investglbl Low Vol Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Motley Fool Independence Fd Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hodges Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Primecap Odyssey Aggressive Grwth F Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Primecap Odyssey Growth Fund Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional T Rowe Price Health Sciences Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional T Rowe Price Growth Stock Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pioneer Global High Yield Fd Cl C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Pimco Unconstrained Bond Fund Cl A Sub-transfer agency fees 0.20% $0
Fidelity Investments Institutional Oppenheimer Intl Bond Class A Sub-transfer agency fees $16.50 $0
Fidelity Investments Institutional Oberweis China Opportunities Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Global 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 0 10Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Dynamic 15 25 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Balanced 20 30 Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Tactical 0 30 Fd Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 0 15 Fd Class R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Alternative 0 15 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Equity 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Aggressive 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg 30 Fund Cl R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Riskpro Pfg Aggressive 30 Fd R Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pacific Financ Flex Grwth Income Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pacific Financial Dynamic Alloc Inv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Core Equity Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Explorer Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg International Fund Investor Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Strategic Conservative Invst Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Pfg Tactical Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews India Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews China Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Emerging Asia Fund Investo Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthews Asia Focus Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Matthew 25 Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Lord Abbett Total Return Cl A Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Lord Abbett Short Duration Income C Sub-transfer agency fees 0.37% $0
Fidelity Investments Institutional Loomis Sayles Global Bond Retail Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Keeley Small Cap Value Class A Sub-transfer agency fees $6.00 $0
Fidelity Investments Institutional Jpmorgan Small Cap Equity Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Janus Henderson European Focus A Sub-transfer agency fees $14.00 $0
Fidelity Investments Institutional Janus Henderson Research T Sub-transfer agency fees $14.00 $0
Fidelity Investments Institutional Janus Henderson Overseas T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Global Technology T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Contrarian T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Janus Henderson Global Reseach T Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Hennessy Small Cap Financial Invstr Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Hennessy Focus Fund Investor Class Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Oakmark Global Fund Investor Class Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Oakmark Intl Investor Cl Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional John Hancock Regional Bank Cl A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Fmi International Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Eaton Vance Income Fund of Boston C Sub-transfer agency fees $19.00 $0
Fidelity Investments Institutional Dreyfus Core Equity Cl C Sub-transfer agency fees 0.09% $0
Fidelity Investments Institutional Davis New York Venture Class C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Commerce Value Institutional Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Buffalo Large Cap Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Buffalo Dividend Focus Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Brown Advisory Sustain Growth Adv Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Strategic Inc Opp Port Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Blackrock Global Allocation Fd Cl C Sub-transfer agency fees 0.08% $0
Fidelity Investments Institutional Blackrock Global Long/Short Credit Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Artisan Global Opportunities Inv Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Artisan Developing World Fd Investo Sub-transfer agency fees 0.39% $0
Fidelity Investments Institutional Ariel International Fund Investor Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Ariel Fund Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional American Century Small Company Inv Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Alpine Internationalreal Estate Equ Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Allianzgi Glbl Small Cap Cl C Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Ab Discovery Growth Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco European Growth Class A Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Champlain Small Company Fund Adv Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Invesco American Franchise Fund Cl Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Col Acorn Intl I - Columbia Mgt In Sub-transfer agency fees 0.40% $0
Fidelity Investments Institutional Gs Midcap Value Inst - Goldman, Sa Sub-transfer agency fees 0.10% $0
Fidelity Investments Institutional Msif Mid Cap Grth I - Morgan Stanl Sub-transfer agency fees 0.15% $0
Fidelity Investments Institutional Pnr Sel Md Cp Gr Y - Boston Financ Sub-transfer agency fees 0.35% $0
Fidelity Investments Institutional Wf Sm Co Growth Is - Boston Financ Sub-transfer agency fees 0.15% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

Name Nature of Service Description of Information

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Pricewaterhouse Coopers, LLC Accountant Rotation of Auditors Due To Proposal Reviews.

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.