# Profit Sharing Retirement Plan & Trust of National Frozen Foods Corp.

Profit Sharing Retirement Plan & Trust of National Frozen Foods Corp. is a Pension Fund based in Seattle, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, Washington, United States
- **Assets under management:** Undisclosed
- **Website:** nationalfrozenfoods.com

## Regulatory record

- **Reports private funds:** No

## About

The plan serves as the retirement vehicle for the hourly workforce of National Frozen Foods Corp., a processor of frozen vegetables with facilities in Albany, Chehalis, Moses Lake, and Quincy. Founder Frank Tiegs, who also founded Oregon Potato Company, established a family enterprise that extends into farmland across Washington, Oregon, and Idaho. He was a prominent member of the American Frozen Food Institute and was inducted posthumously into its Hall of Fame. The trust's investment posture blends distressed debt and fund of funds commitments, according to its public record — a defensive allocation that contrasts with the simpler index-based structures common among manufacturing 401(k) plans. The plan's employer contributions are profit-sharing based, tied directly to the corporation's financial performance. Operational assets tied to the sponsor include industrial processing facilities in Oregon and Washington, as well as extensive Tiegs family farmland holdings. Keith Tiegs, Frank's son, now serves as President and CEO of the broader family business empire, while Dick Grader runs National Frozen Foods Corp. directly. The plan's governance sits with the corporate entity, and no separate investment committee or external advisor has been publicly identified. Unlike multi-employer or public pension funds, this plan is a single-sponsor profit-sharing trust anchored to a single operating company. That structure concentrates investment risk around National Frozen Foods' profitability, but it also allows for a bespoke, illiquid credit strategy that would be impractical in a more commoditized corporate 401(k) plan.

## Sectors

- Food & Agriculture

## People

- Dick Grader — President of National Frozen Foods Corp.
- Keith Tiegs — President and CEO of the family business empire

## Questions

### How does the plan's profit-sharing feature affect contributions?

Employer contributions are variable and based on a portion of company profits, which links the plan's annual inflows directly to National Frozen Foods' performance as a frozen-vegetable processor. This creates a concentrated economic tie between the plan's health and the operating business.

### Who were the key individuals behind the plan's founding?

Frank Tiegs, the founder of National Frozen Foods Corp. and Oregon Potato Company, established the plan before his death in February 2024. His wife Janet and son Keith, now President and CEO of the family enterprise, are central to the family ownership group.

## Related profiles

- [Proficient Wealth Counselors](https://altss.com/profile/proficient-wealth-counselors)
- [Profocus Incorporated](https://altss.com/profile/profocus-incorporated)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/profit-sharing-retirement-plan-trust-of-national-frozen-foods-corp

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology