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Profit Sharing Retirement Plan & Trust of National Frozen Foods Corp.
The Plan functions as a tax-qualified, employer-funded vehicle for the hourly workforce of National Frozen Foods Corp., a processor of frozen vegetables...
Profit Sharing Retirement Plan & Trust of National Frozen Foods Corp.
The Plan functions as a tax-qualified, employer-funded vehicle for the hourly workforce of National Frozen Foods Corp., a processor of frozen vegetables with production facilities across Washington and Oregon. Employer contributions are discretionary and tied to a portion of company profits, aligning retirement benefits with the operating performance of the underlying food-production business. The plan is administered from the company's Seattle headquarters. Asset-class exposure and deployment figures are not publicly disclosed. The trust's investment posture, inferred from standard profit-sharing plan architecture and the Tiegs family's broader asset base, likely includes a mix of mutual funds, collective investment trusts, and possible separate accounts spanning equities, fixed income, and real assets. The sponsor's parent enterprise holds a substantial physical footprint: industrial processing facilities in Albany, Oregon; Chehalis, Moses Lake, and Quincy, Washington; and agricultural land across Washington, Oregon, and Idaho. The late founder Frank Tiegs, who died in February 2024, controlled the sponsor alongside his son Keith Tiegs, who now leads the family business as President and CEO. Dick Grader serves as President of National Frozen Foods Corp. The Tiegs family's constellation of assets extended well beyond frozen vegetables, encompassing extensive farmland holdings, a notable muscle-car collection, and commercial real estate such as the Badger South Sports Complex site in Richland, Washington. The plan's defining structural feature is its profit-sharing formula. Unlike a fixed-match or safe-harbor 401(k), contributions rise and fall with the company's earnings, making it a direct conduit between operating-company profitability and worker retirement security. This architecture matters for institutional diligence: the trust's cash flows and potential liquidity needs are not independent of the agricultural and commodity-input cycles driving the sponsor's margins.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Seattle
Corporate office
Seattle, WA, United States
Principals
Dick Grader
President, National Frozen Foods Corp.
Keith Tiegs
President and CEO, Tiegs family business empire
Sector focus
Frequently asked questions
Who controls National Frozen Foods Corp. and, by extension, the plan sponsor?
Following the death of founder Frank Tiegs in February 2024, control of the enterprise passed to his son Keith Tiegs, who serves as President and CEO of the family business. Dick Grader operates as President of National Frozen Foods Corp. The Tiegs family's broader holdings include substantial farmland, industrial facilities, and other assets beyond the frozen-food processor.
What is the contribution formula for the plan?
The plan is a profit-sharing arrangement within a 401(k) framework. Employer contributions are discretionary and calculated as a portion of the company's annual profits at the determination of the sponsor. Contributions are not fixed and can vary significantly year to year depending on the operating performance of National Frozen Foods Corp.
How does the Tiegs family's broader asset base interact with the retirement trust?
The retirement trust is a separate legal entity maintained exclusively for plan participants. The Tiegs family's industrial facilities, farmland, and real-estate holdings are owned outside the trust. The trust's funding depends on the profitability of the operating company, not on the value of family-held real assets, though the operating company may lease or utilize those assets.
What investment options are available to plan participants?
Specific investment-lineup details are not publicly reported. Standard architecture for a profit-sharing plan of this type would suggest a menu of mutual funds or collective investment trusts spanning diversified equity and fixed-income strategies. No direct co-investment or private-asset exposure is documented for plan participants.
Does the plan hold any direct real estate or operating-company stock?
There is no public evidence that the trust holds direct interests in the Tiegs family's real-estate portfolio or employer securities in National Frozen Foods Corp. As a tax-qualified profit-sharing plan, any employer-stock allocation would typically be disclosed in Form 5500 filings, which have not been publicly reviewed for this profile.
What industries support the plan's contribution base?
Contributions depend on National Frozen Foods Corp.'s earnings from frozen-vegetable processing. The sponsor operates facilities in Washington and Oregon, sourcing agricultural inputs from the Pacific Northwest's produce-growing regions. Commodity prices, crop yields, and supply-chain dynamics in frozen foods directly influence the plan's funding capacity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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