|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MARINE MIDLAND BANKS INC, 10-Q/A, 1995-06-29 |
Next: MFS FIXED INCOME TRUST/, NSAR-B, 1995-06-29 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1994.
COMMISSION FILE NUMBER: 0-1532
A. Full title of the plan and the address of the plan,
if different than that of the issuer named below:
MARSH SUPERMARKETS, INC. 401(k) PLAN
B. Name of issuer of the securities held pursuant to the
plan and the address of its principal executive
office:
MARSH SUPERMARKETS, INC.
9800 CROSSPOINT BOULEVARD
INDIANAPOLIS, INDIANA 46256
<PAGE> 2
FINANCIAL STATEMENTS AND EXHIBITS
The following financial statements of Marsh Supermarkets, Inc. 401(k)
Plan are included herein:
Report of Independent Auditors
Statement of Net Assets Available for Benefits, with Fund Information
as of December 31, 1994
Statement of Changes in Net Assets Available for Benefits, with Fund Information
for the Year Ended December 31, 1994
Notes to Financial Statements
Schedules
The following exhibit is included herein:
Exhibit 23. Consent of Ernst & Young LLP
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Retirement Committee has duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized.
MARSH SUPERMARKETS, INC. 401(k) PLAN
By: /s/ P. Lawrence Butt
---------------------------------
P. Lawrence Butt, Secretary
Retirement Committee
June 28, 1995
<PAGE> 3
Financial Statements and Schedules
Marsh Supermarkets, Inc. 401(k) Plan
Years ended December 31, 1994 and 1993
with Report of Independent Auditors
<PAGE> 4
Marsh Supermarkets, Inc. 401(k) Plan
Financial Statements and Schedules
Years ended December 31, 1994 and 1993
Contents
<TABLE>
<S> <C>
Report of Independent Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
AUDITED FINANCIAL STATEMENTS:
Statements of Net Assets Available for Benefits, with Fund Information . . . . . . . . . 2
Statements of Changes in Net Assets Available for Benefits, with Fund Information . . . 4
Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
SCHEDULES:
Assets Held for Investment Purposes . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Schedule of Reportable Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . 12
</TABLE>
<PAGE> 5
(LOGO) ERNST & YOUNG LLP * One Indiana Square * Phone: 317 681 7000
Suite 3400 Fax: 317 681 7216
Indianapolis, Indiana 46204-2094
Report of Independent Auditors
Administrative Committee
Marsh Supermarkets, Inc. 401(k) Plan
We have audited the accompanying statements of net assets available for
benefits, with fund information, of the Marsh Supermarkets, Inc. 401(k) Plan as
of December 31, 1994 and 1993, and the related statements of changes in net
assets available for benefits, with fund information, for the years then ended.
These financial statements are the responsibility of the Plan's management.
Our responsibility is to express an opinion on these financial statements based
on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for benefits of the Plan at
December 31, 1994 and 1993, and the changes in its net assets available for
benefits for the years then ended, in conformity with generally accepted
accounting principles.
Our audits were performed for the purpose of forming an opinion on the
financial statements taken as a whole. The accompanying supplemental schedules
of assets held for investment purposes as of December 31, 1994, and reportable
transactions for the year then ended, are presented for purposes of complying
with the Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement and Income Security Act of 1974, and
are not a required part of the financial statements. The supplemental
schedules have been subjected to the auditing procedures applied in our audits
of the financial statements and, in our opinion, are fairly stated in all
material respects in relation to the financial statements taken as a whole.
Ernst & Young LLP
June 8, 1995
<PAGE> 6
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Net Assets Available for Benefits, with Fund Information
December 31, 1994
<TABLE>
<CAPTION>
GROWTH FIDELITY FIDELITY TEMPLETON FIXED
STOCK MAGELLAN CONTRAFUND FOREIGN INCOME
----------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value: (Note 3)
Money market funds $ -- $ (18) $ -- $ 249 $ --
Loans to participants -- -- -- -- --
Marsh stock -- -- -- -- --
Mutual funds -- 2,888,696 120,393 113,915 1,684,020
----- ---------- -------- -------- ----------
Total investments -- 2,888,678 120,393 114,164 1,684,020
Receivables and other assets:
Employee contributions -- 62,002 2,584 2,450 36,146
Employer contributions -- -- -- -- --
Interest and dividends receivable -- 21 4 489 10
----- ---------- -------- -------- ----------
-- 62,023 2,588 2,939 36,156
----- ---------- -------- -------- ----------
Total assets -- 2,950,701 122,981 117,103 1,720,176
LIABILITIES
Refunds of excess contributions due
to participants -- 9,187 495 163 14,116
Due to brokers -- -- -- 734 --
Due to (from) other funds -- (31,614) 15 15 (6,625)
Accrued management fees -- 625 25 -- --
----- ---------- -------- -------- ----------
Total liabilities -- (21,802) 535 912 7,491
----- ---------- -------- -------- ----------
Net assets available for benefits $ -- $2,972,503 $122,446 $116,191 $1,712,685
===== ========== ======== ======== ==========
<CAPTION>
PRIME MARSH
OBLIGATION STOCK LOAN TOTAL
------------------------------------------------------
<S> <C> <C> <C> <C>
ASSETS
Investments, at fair value: (Note 3)
Money market funds $588,490 $ 64,300 $ -- $ 653,021
Loans to participants -- -- 64,669 64,669
Marsh stock -- 2,847,357 -- 2,847,357
Mutual funds -- -- -- 4,807,024
-------- ---------- ------- ----------
Total investments 588,490 2,911,657 64,669 8,372,071
Receivables and other assets:
Employee contributions 12,631 62,496 -- 178,309
Employer contributions -- 36,467 -- 36,467
Interest and dividends receivable 2,615 315 -- 3,454
15,246 99,278 -- 218,230
-------- ---------- ------- ----------
Total assets 603,736 3,010,935 64,669 8,590,301
LIABILITIES
Refunds of excess contributions due
to participants 5,210 9,979 -- 39,150
Due to brokers -- 40,964 -- 41,698
Due to (from) other funds (3,882) (22,578) 64,669 --
Accrued management fees 183 656 -- 1,489
-------- ---------- ------- ----------
Total liabilities 1,511 29,021 64,669 82,337
-------- ---------- ------- ----------
Net assets available for benefits $602,225 $2,981,914 $ -- $8,507,964
======== ========== ======= ==========
</TABLE>
See accompanying notes.
<PAGE> 7
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Net Assets Available for Benefits, with Fund Information
(continued)
December 31, 1993
<TABLE>
<CAPTION>
Growth Fixed Prime Marsh
Stock Income Obligation Stock Loan Total
---------- ---------- ---------- ---------- ---- ----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value (Note 3):
Money market funds $ -- $ -- $317,144 $ 42,383 $ -- $ 359,527
Loans to participants -- -- -- -- 775 775
Common stock -- -- -- 1,364,926 -- 1,364,926
Mutual funds 1,570,607 1,015,368 -- -- -- 2,585,975
---------- ---------- -------- ---------- ---- ----------
Total investments 1,570,607 1,015,368 317,144 1,407,309 775 4,311,203
Receivables and other assets:
Employee contributions 66,073 40,976 12,662 40,466 -- 160,177
Employer contributions -- -- -- 33,710 -- 33,710
Interest and dividends receivable 12 5 864 143 -- 1,024
Cash 621 238 -- -- -- 859
---------- ---------- -------- ---------- ---- ----------
66,706 41,219 13,526 74,319 -- 195,770
---------- ---------- -------- ---------- ---- ----------
Total assets 1,637,313 1,056,587 330,670 1,481,628 775 4,506,973
LIABILITIES
Refunds of excess contributions
due to participants 24,448 26,208 14,096 21,011 -- 85,763
Due to brokers -- -- -- 28,532 -- 28,532
Due to (from) other funds -- -- (775) -- 775 --
Accrued management fees 882 455 38 328 -- 1,703
---------- ---------- -------- ---------- ---- ----------
Total liabilities 25,330 26,663 13,359 49,871 775 115,998
---------- ---------- -------- ---------- ---- ----------
Net assets available for
benefits $1,611,983 $1,029,924 $317,311 $1,431,757 $ -- $4,390,975
========== ========== ======== ========== ==== ==========
</TABLE>
See accompanying notes.
<PAGE> 8
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits,
with Fund Information
Year ended December 31, 1994
<TABLE>
<CAPTION>
GROWTH FIDELITY FIDELITY TEMPLETON FIXED
STOCK MAGELLAN CONTRAFUND FOREIGN INCOME
-------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Investment income:
Net realized and unrealized
appreciation (depreciation) in fair
value of investments (Note 3) $ 66,353 $ (88,925) $ (760) $ (5,832) $ (124,179)
Interest 133 102 19 13 136
Dividends 11,479 -- -- 1,054 93,649
----------- ---------- -------- -------- ----------
77,965 (88,823) (741) (4,765) (30,394)
Contributions:
Employer -- -- -- -- --
Employee 1,026,203 560,671 50,061 37,187 954,780
----------- ---------- -------- -------- ----------
1,026,203 560,671 50,061 37,187 954,780
----------- ---------- -------- -------- ----------
Total additions 1,104,168 471,848 49,320 32,422 924,386
Deductions from net assets
attributed to:
Benefits paid to participants
or their beneficiaries 114,067 84,226 53 84 147,925
Administrative expenses 570 2,244 59 -- (182)
----------- ---------- -------- -------- ----------
Total deductions 114,637 86,470 112 84 147,743
----------- ---------- -------- -------- ----------
Net increase prior to interfund
transfers 989,531 385,378 49,208 32,338 776,643
Transfers (net) (2,601,514) 2,587,125 73,238 83,853 (93,882)
----------- ---------- -------- -------- ----------
Net increase (decrease) (1,611,983) 2,972,503 122,446 116,191 682,761
Net assets available for benefits:
Beginning of year 1,611,983 -- -- -- 1,029,924
----------- ---------- -------- -------- ----------
End of year $ -- $2,972,503 $122,446 $116,191 $1,712,685
=========== ========== ======== ======== ==========
<CAPTION>
PRIME MARSH
OBLIGATION STOCK LOAN TOTAL
------------------------------------------------------------
<S> <C> <C> <C> <C>
Additions to net assets attributed to:
Investment income:
Net realized and unrealized
appreciation (depreciation) in fair
value of investments (Note 3) $ -- $ (77,177) $ -- $ (230,520)
Interest 19,774 2,734 1,317 24,228
Dividends -- 88,118 -- 194,300
-------- ---------- ------ ----------
19,774 13,675 1,317 (11,992)
Contributions:
Employer -- 799,614 -- 799,614
Employee 327,022 933,713 -- 3,889,637
-------- ---------- ------ ----------
327,022 1,733,327 -- 4,689,251
-------- ---------- ------ ----------
Total additions 346,796 1,747,002 1,317 4,677,259
Deductions from net assets
attributed to:
Benefits paid to participants
or their beneficiaries 48,571 153,545 1,632 550,103
Administrative expenses 1,665 5,811 -- 10,167
-------- ---------- ------ ----------
Total deductions 50,236 159,356 1,632 560,270
-------- ---------- ------ ----------
Net increase prior to interfund
transfers 296,560 1,587,646 (315) 4,116,989
Transfers (net) (11,646) (37,489) 315 --
-------- ---------- ------ ----------
Net increase (decrease) 284,914 1,550,157 -- 4,116,989
Net assets available for benefits:
Beginning of year 317,311 1,431,757 -- 4,390,975
-------- ---------- ------ ----------
End of year $602,225 $2,981,914 $ -- $8,507,964
======== ========== ====== ==========
</TABLE>
See accompanying notes.
<PAGE> 9
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits,
with Fund Information (continued)
Year ended December 31, 1993
<TABLE>
<CAPTION>
Growth Fixed Prime Marsh
Fund Income Obligation Stock Loan Total
---------- ---------- ---------- ---------- ------ ----------
<S> <C> <C> <C> <C> <C> <C>
Additions to net assets attributed to:
Investment income:
Net realized and unrealized appreciation
(depreciation) in fair value of
investments (Note 3) $ 31,228 $ 26,900 $ -- $ (393,112) $ -- $ (334,984)
Interest 11 6 588 1,332 14 1,951
Dividends 673 2,081 3,105 15,656 -- 21,515
---------- ---------- -------- ---------- ------ ----------
31,912 28,987 3,693 (376,124) 14 (311,518)
Contributions:
Employer -- -- -- 831,830 -- 831,830
Employee 1,632,493 1,018,032 329,559 1,018,513 -- 3,998,597
---------- ---------- -------- ---------- ------ ----------
1,632,493 1,018,032 329,559 1,850,343 14 4,830,427
---------- ---------- -------- ---------- ------ ----------
Total additions 1,664,405 1,047,019 333,252 1,474,219 14 4,518,909
Deductions from net assets attributed to:
Benefits paid to participants or their
beneficiaries 39,649 31,357 9,472 34,799 -- 115,277
Administrative expenses 6,521 3,470 467 2,199 -- 12,657
---------- ---------- -------- ---------- ------ ----------
Total deductions 46,170 34,827 9,939 36,998 -- 127,934
---------- ---------- -------- ---------- ------ ----------
Net increase prior to interfund transfers 1,618,235 1,012,192 323,313 1,437,221 14 4,390,975
Transfers (net) (6,252) 17,732 (6,002) (5,464) (14) --
Net increase 1,611,983 1,029,924 317,311 1,431,757 -- 4,390,975
Net assets available for benefits:
Beginning of year -- -- -- -- -- --
---------- ---------- -------- ---------- ------ ----------
End of year $1,611,983 $1,029,924 $317,311 $1,431,757 $ -- $4,390,975
========== ========== ======== ========== ====== ==========
</TABLE>
See accompanying notes.
<PAGE> 10
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements
December 31, 1994
1. DESCRIPTION OF THE PLAN
The following description of the Marsh Supermarkets, Inc. 401(k) Plan (Plan)
provides only general information. Participants should refer to the Summary
Plan Description for a more complete description of the Plan's provisions.
GENERAL
The Marsh Supermarkets, Inc. 401(k) Plan was established January 1, 1993 by
Marsh Supermarkets, Inc. (the Company) to provide retirement benefits for
participating eligible employees. The Company's Retirement Committee,
appointed by the Board of Directors of the Company, serves as the Plan
Administrative Committee. The trustee of the Plan is Society National Bank.
The Plan is a defined contribution retirement plan covering all employees of
the Company who have met certain requirements for participation. The Plan
provides for normal retirement at age 65, but includes a provision that allows
participants to elect to receive benefits prior to their normal retirement age.
The Plan also has provisions allowing for hardship withdrawals and loans.
CONTRIBUTIONS
The Plan provides for employees to contribute from one to 15 percent (up to the
IRS maximum) of their compensation on a pre-tax basis. The Company contributes
an amount equal to 25 percent of employee before tax contributions (excluding
contributions in excess of six percent of compensation). The Plan also
provides for an additional discretionary contribution determined by the Board
of Directors of the Company; however, no discretionary contributions were made
during 1994 or 1993.
ALLOCATIONS TO PARTICIPANTS
Income on the investments of the fund is allocated daily to participants
accounts based on their account balance. Forfeited balances of terminated
participants' nonvested accounts are used to reduce future Company
contributions.
<PAGE> 11
1. DESCRIPTION OF THE PLAN (CONTINUED)
INVESTMENT OPTIONS
Upon enrollment in the Plan, a participant may direct their contributions to
these investment options:
Growth Stock Fund--Funds are invested in large market capitalization,
domestically traded, equity securities, with the objective of
achieving long-term capital appreciation. This Fund was discontinued
as an investment option on September 1, 1994.
Fidelity Magellan Fund--Funds are invested in common stock and
securities convertible into common stock of domestic, foreign and
multi-national issuers that offer potential growth. This fund became
available to participants on September 1, 1994.
Fidelity Contrafund--Funds are invested in equity securities of
companies that are considered under-valued. This fund became
available to participants on September 1, 1994.
Templeton Foreign Fund--Funds are invested in stocks and debt
obligations of companies and governments outside of the United States,
with the objective of achieving long-term capital growth. This fund
became available to participants on September 1, 1994.
Fixed Income Fund--Funds are invested in a broad portfolio of
investment grade fixed income securities, including U.S. Treasuries,
Federal Agency issues, corporate bonds, and asset-backed securities.
Prime Obligation Fund--Funds are invested in U.S. dollar-denominated,
high quality, short-term debt instruments (primarily commercial paper)
and other high quality instruments.
Marsh Stock Fund--Funds are invested in Class A Common Stock and Class
B Common Stock of the Company.
<PAGE> 12
1. DESCRIPTION OF THE PLAN (CONTINUED)
PAYMENT OF BENEFITS
Upon retirement or termination, a participant shall receive contributions made
to the Plan, the vested portion of the employer contributions and an allocable
share of the Plan's earnings or losses. Benefits are payable in a lump sum no
later than 60 days after the end of the plan year in which a participant
reaches normal retirement age or terminates employment.
Expenses of the Plan
Investment management fees reduce plan earnings. All other plan expenses are
paid by the sponsor.
Vesting Policy
Employee benefits are vested as follows:
<TABLE>
<CAPTION>
Years of Service Percentage Vested
---------------- -----------------
<S> <C>
1 20
2 40
3 60
4 80
5 100
</TABLE>
2. SUMMARY OF ACCOUNTING POLICIES
Investments are carried at fair value. The fair value of investments in
securities traded on a national securities exchange is determined based on the
last reported sale on the last business day of the plan year as quoted in
business publications and by security brokers. Dividends are recorded as
income on the dividend record date.
<PAGE> 13
3. INVESTMENTS
Investments held by the Plan at December 31, were as follows:
<TABLE>
<CAPTION>
1994 1993
Cost Market Cost Market
--------------------------- ---------------------------
<S> <C> <C> <C> <C>
Money market funds $ 653,021 $ 653,021 $ 359,527 $ 359,527
Loans to participants 64,669 64,669 775 775
Marsh stock 3,316,404 2,847,357 1,757,854 1,364,926
Mutual funds 5,023,353 4,807,024 2,587,331 2,585,975
---------- ---------- ---------- ----------
$9,057,447 $8,372,071 $4,705,487 $4,311,203
========== ========== ========== ==========
</TABLE>
The Plan's investments (including investments bought, sold and held during the
year) appreciated (depreciated) as follows:
<TABLE>
<CAPTION>
1994 1993
--------- ---------
<S> <C> <C>
Growth Stock Fund $ 66,353 $ 31,228
Fidelity Magellan Fund (88,925) --
Fidelity Contrafund (760) --
Templeton Foreign Fund (5,832) --
Fixed Income Fund (124,179) 26,900
Marsh Stock Fund (77,177) (393,112)
--------- ---------
Net change in fair value $(230,520) $(334,984)
========= =========
</TABLE>
The fair value of individual investments that represent 5% or more of the
Plan's net assets at December 31, were as follows:
<TABLE>
<CAPTION>
1994 1993
---------- ----------
<S> <C> <C>
Growth Stock Fund $ -- $1,570,607
Fidelity Magellan Fund 2,888,696 --
Fixed Income Fund 1,684,020 1,015,368
Prime Obligation Fund 588,490 317,144
Marsh Class A Common Stock, 137,672 and 67,928 shares 1,445,556 656,156
Marsh Class B Common Stock, 147,558 and 70,877 shares 1,401,801 708,770
</TABLE>
<PAGE> 14
4. TAX STATUS
The Internal Revenue Service ruled on April 25, 1995 that the Plan qualifies as
defined by Section 401(a) of the Internal Revenue Code (IRC); therefore, the
Plan is not subject to tax under present income tax law. The Plan is required
to operate in conformity with the IRC and ERISA to maintain its qualification.
The Administrative Committee is not aware of any course of action or series of
events that have occurred that might adversely affect the Plan's qualified
status.
5. PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the right
under the Plan to discontinue its contributions at any time and to terminate
the Plan subject to the provisions of ERISA. In the event of Plan termination,
participants will become 100 percent vested in their accounts.
<PAGE> 15
SCHEDULES
<PAGE> 16
Marsh Supermarkets, Inc. 401(k) Plan
Assets Held for Investment Purposes
December 31, 1994
Item 27 (a)
<TABLE>
<CAPTION>
(b) (c) (d) (e)
Identity of Issuer Description of Investment Cost Market
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Society Bank* 43,243.945 shares Fidelity Magellan Fund $2,975,893 $2,888,696
Society Bank* 3,975.999 shares Fidelity Contrafund 121,158 120,393
Society Bank* 12,915.481 shares Templeton Foreign Fund 122,649 113,915
Society Bank* 185,874.126 shares Fixed Income Fund 1,803,653 1,684,020
Society Bank* Prime Obligations Fund 588,490 588,490
Society Bank* Employee Benefits Money Market Fund 64,531 64,531
Marsh Supermarkets, Inc.* 137,672 shares of Class A Common Stock 1,655,900 1,445,556
Marsh Supermarkets, Inc.* 147,558 shares of Class B Common Stock 1,660,504 1,401,801
Loans to Participants Interest rates ranging from 7.0% to 10.0% -- 64,669
---------- ----------
$8,992,778 $8,372,071
========== ==========
</TABLE>
* Indicates party-in-interest to the Plan.
<PAGE> 17
Marsh Supermarkets, Inc.
Schedule of Reportable Transactions
Year Ended December 31, 1994
Item 27(d)
<TABLE>
<CAPTION>
(a) (b) (c) (d)
Number of Purchase Selling
Identity of Party Description of Asset Transactions Price Price
- -----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Category (i) - Single transactions in excess of 5% of plan assets:
Society Bank Fidelity Magellan Fund
Purchase 1 $2,579,826 $ --
Society Bank Growth Stock Fund
Sale 1 -- 2,579,826
Category (iii) - A series of transactions in excess of 5% of plan assets:
Society Bank Growth Stock Fund
Purchases 52 1,024,838 --
Sales 47 -- 2,661,798
Society Bank Fidelity Magellan Fund
Purchases 32 3,088,201 --
Sales 35 -- 110,580
Society Bank Fixed Income Fund
Purchases 81 992,105 --
Sales 80 -- 199,274
Society Bank Prime Obligation Fund
Deposits 93 371,020 --
Withdrawals 71 -- 99,674
Marsh Supermarkets Class A Common Stock
Purchases 59 777,802 --
Marsh Supermarkets Class B Common Stock
Purchases 58 783,393 --
Society Bank Employee Benefits Money Market Fund
Deposits 370 3,714,490 --
Withdrawals 478 -- 3,692,324
<CAPTION>
(a) (b) (g) (h) (i)
Cost of Assets Value at Date Net Gain
Identity of Party Description of Asset Sold of Transaction or (Loss)
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Category (i) - Single transactions in excess of 5% of plan assets:
Society Bank Fidelity Magellan Fund
Purchase $ -- $2,579,826 $ --
Society Bank Growth Stock Fund
Sale 2,513,473 2,579,826 66,353
Category (iii) - A series of transactions in excess of 5% of plan assets:
Society Bank Growth Stock Fund
Purchases -- 1,024,838 --
Sales 2,595,445 2,661,798 71,851
Society Bank Fidelity Magellan Fund
Purchases -- 3,088,201 --
Sales 112,308 110,580 (1,728)
Society Bank Fixed Income Fund
Purchases -- 992,105 --
Sales 209,808 199,274 (11,400)
Society Bank Prime Obligation Fund
Deposits -- 371,020 --
Withdrawals 99,674 99,674 --
Marsh Supermarkets Class A Common Stock
Purchases -- 777,802 --
Marsh Supermarkets Class B Common Stock
Purchases -- 783,393 --
Society Bank Employee Benefits Money Market Fund
Deposits -- 3,714,490 --
Withdrawals 3,692,324 3,692,324 --
</TABLE>
Information concerning "Lease Rental" and "Expense Incurred with Transaction"
has not been presented as it is not applicable.
There were no category (ii) or (iv) reportable transactions during 1994.
<PAGE> 18
EXHIBIT INDEX
Exhibit
No. Description
- ------- ----------------------------
23 Consent of Ernst & Young LLP
<PAGE> 1
Exhibit 23
(LOGO) ERNST & YOUNG LLP * One Indiana Square * Phone: 317 681 7000
Suite 3400 Fax: 317 681 7216
Indianapolis, Indiana 46204-2094
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statement
(Form S-8 Number 33-56626) pertaining to the Marsh Supermarkets, Inc. 401(k)
Plan of our report dated June 8, 1995, with respect to the financial statements
and schedules of the Marsh Supermarkets, Inc. 401(k) Plan included in this
Annual Report (Form 11-K) for the year ended December 31, 1994.
Ernst & Young LLP
June 26, 1995
|
|