<PAGE> 1
UNITED STATES OF AMERICA
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, 1995.
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, 1995
Statement of Changes in Net Assets Available for Benefits, with Fund Information
for the Year Ended December 31, 1995
Notes to Financial Statements
Schedules
Consent of Independent Auditors
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 26, 1996
<PAGE> 3
Marsh Supermarkets, Inc. 401(k) Plan
Financial Statements and Schedules
Years ended December 31, 1995 and 1994
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> 4
[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, 1995 and 1994, 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, 1995 and 1994, 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, 1995, 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.
/s/ Ernst & Young LLP
June 12, 1996
1
<PAGE> 5
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Net Assets Available for Benefits, with Fund Information
December 31, 1995
<TABLE>
<CAPTION>
VICTORY
INVESTMENT
FIDELITY TEMPLETON QUALITY
MAGELLAN FIDELITY FOREIGN BOND
FUND CONTRAFUND FUND FUND
----------------------------------------------------
<S> <C> <C> <C> <C>
ASSETS
Investments, at fair value: (Note 3)
Money market funds $ 92,570 $ 22,647 $ 989 $ 34,253
Loans to participants -- -- -- --
Marsh stock -- -- -- --
Mutual funds 5,511,120 423,468 349,133 2,607,553
----------------------------------------------------
Total investments 5,603,690 446,115 350,122 2,641,806
Receivables and other assets:
Employee contributions 70,458 5,609 4,402 33,217
Employer contributions -- -- -- --
Interest and dividends receivable 15,977 981 6 182
----------------------------------------------------
86,435 6,590 4,408 33,399
----------------------------------------------------
Total assets 5,690,125 452,705 354,530 2,675,205
LIABILITIES
Due to brokers 15,746 924 -- --
Due to (from) other funds (84,406) (4,738) (3,054) (25,845)
Accrued management fees 3,429 249 -- --
----------------------------------------------------
Total liabilities (65,231) (3,565) (3,054) (25,845)
----------------------------------------------------
Net assets available for benefits $5,755,356 $456,270 $357,584 $2,701,050
====================================================
<CAPTION>
VICTORY
PRIME MARSH
OBLIGATION STOCK
FUND FUND LOAN TOTAL
-------------------------------------------------------
<S> <C> <C> <C> <C>
ASSETS
Investments, at fair value: (Note 3)
Money market funds $ 883,269 $ 124,500 $ -- $ 1,158,228
Loans to participants -- -- 194,102 194,102
Marsh stock -- 5,552,678 -- 5,552,678
Mutual funds -- -- -- 8,891,274
-------------------------------------------------------
Total investments 883,269 5,677,178 194,102 15,796,282
Receivables and other assets:
Employee contributions 11,106 71,382 -- 196,174
Employer contributions -- 30,378 -- 30,378
Interest and dividends receivable 60 554 -- 17,760
-------------------------------------------------------
11,166 102,314 -- 244,312
-------------------------------------------------------
Total assets 894,435 5,779,492 194,102 16,040,594
LIABILITIES
Due to brokers -- 27,334 -- 44,004
Due to (from) other funds (9,000) (67,059) 194,102 --
Accrued management fees 8 3,453 -- 7,139
-------------------------------------------------------
Total liabilities (8,992) (36,272) 194,102 51,143
-------------------------------------------------------
Net assets available for benefits $ 903,427 $5,815,764 $ -- $15,989,451
=======================================================
</TABLE>
See accompanying notes.
2
<PAGE> 6
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Net Assets Available for Benefits, with Fund Information
(continued)
December 31, 1994
<TABLE>
<CAPTION>
VICTORY
INVESTMENT
QUALITY
FIDELITY FIDELITY TEMPLETON BOND
MAGELLAN FUND CONTRAFUND FOREIGN FUND FUND
-----------------------------------------------------------------------
<S> <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>
VICTORY
PRIME MARSH
OBLIGATION STOCK
FUND FUND 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.
3
<PAGE> 7
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits,
with Fund Information
Year ended December 31, 1995
<TABLE>
<CAPTION>
Victory
Investment Victory
Fidelity Templeton Quality Prime Marsh
Magellan Fidelity Foreign Bond Obligation Stock
Fund Contrafund Fund Fund Fund Fund Loan Total
------------------------------------------------------------------------------------------------
<S> <C> <C> <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) $1,221,293 $76,459 $16,697 $192,191 $ 3,439 $1,159,315 -- $2,669,394
Interest 16,537 1,019 (400) 1,291 36,030 5,761 8,959 69,197
Dividends 16,354 -- 8,864 136,964 -- 153,108 -- 315,290
---------- ------- ------- -------- ------- ---------- ------ ----------
1,254,184 77,478 25,161 330,446 39,469 1,318,184 8,959 3,053,881
Contributions:
Employer - - - - - 878,512 - 878,512
Employee 1,730,322 229,330 203,705 920,238 382,870 944,280 - 4,410,745
---------- ------- ------- -------- ------- ---------- ------ ----------
1,730,322 229,330 203,705 920,238 382,870 1,822,792 - 5,289,257
---------- ------- ------- -------- ------- ---------- ------ ----------
Total additions 2,984,506 306,808 228,866 1,250,684 422,339 3,140,976 8,959 8,343,138
Deductions from net assets
attributed to:
Benefits paid to participants
or their beneficiaries 279,168 10,936 9,371 172,541 92,275 268,193 6,121 838,605
Administrative expenses 10,886 680 - - 1,096 10,384 - 23,046
---------- ------- ------- -------- ------- ---------- ------ ----------
Total deductions 290,054 11,616 9,371 172,541 93,371 278,577 6,121 861,651
---------- ------- ------- -------- ------- ---------- ------ ----------
Net increase prior to interfund
transfers 2,694,452 295,192 219,495 1,078,143 328,968 2,862,399 2,838 7,481,487
Transfers(net) 88,401 38,632 21,898 (89,778) (27,766) (28,549) (2,838) -
---------- ------- ------- -------- ------- ---------- ------ ----------
Net increase 2,782,853 333,824 241,393 988,365 301,202 2,833,850 - 7,481,487
Net assets available for benefits:
Beginning of year 2,972,503 122,446 116,191 1,712,685 602,225 2,981,914 - 8,507,964
---------- -------- -------- ---------- -------- ---------- ----- -----------
End of year $5,755,356 $456,270 $357,584 $2,701,050 $903,427 $5,815,764 $ - $15,989,451
========== ======== ======== ========== ======== ========== ===== ===========
</TABLE>
4
<PAGE> 8
Marsh Supermarkets, Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits,
with Fund Information (continued)
Year ended December 31, 1994
<TABLE>
<CAPTION>
VICTORY VICTORY
GROWTH FIDELITY TEMPLETON INVESTMENT
STOCK MAGELLAN FIDELITY FOREIGN QUALITY BOND
FUND FUND CONTRAFUND FUND FUND
--------------------------------------------------------------------------------------
<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
============ =========== ======== ======== ==========
</TABLE>
<TABLE>
<CAPTION>
VICTORY
PRIME MARSH
OBLIGATION STOCK
FUND FUND 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>
5
<PAGE> 9
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements
December 31, 1995
1. DESCRIPTION OF THE PLAN
The following description of the Marsh Supermarkets, Inc. 401(k) Plan (the
"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 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 Key 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 1995 or 1994.
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.
6
<PAGE> 10
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements (continued)
1. DESCRIPTION OF THE PLAN (CONTINUED)
INVESTMENT OPTIONS
Upon enrollment in the Plan, a participant may direct their contributions to
these investment options:
Victory 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.
Victory Investment Quality Bond 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.
Victory 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.
7
<PAGE> 11
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements (continued)
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
Employer 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
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.
USE OF ESTIMATES
The preparation of financial statements in accordance with generally accepted
accounting principles requires the use of management's estimates. Actual
results could differ from those estimates.
8
<PAGE> 12
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements (continued)
3. INVESTMENTS
Investments held by the Plan at December 31, were as follows:
<TABLE>
1995 1994
COST MARKET COST MARKET
------------ ------------ ----------- -----------
<S> <C> <C> <C> <C>
Money market funds $ 1,154,789 $ 1,158,228 $ 653,021 $ 653,021
Loans to participants 194,102 194,102 64,669 64,669
Marsh stock 4,863,856 5,552,678 3,316,404 2,847,357
Mutual funds 7,967,513 8,891,274 5,023,353 4,807,024
------------ ------------ ----------- -----------
$14,180,260 $15,796,282 $9,057,447 $8,372,071
============ ============ =========== ===========
</TABLE>
The Plan's investments (including investments bought, sold and held during the
year) appreciated (depreciated) as follows:
<TABLE>
1995 1994
---------- ---------
<S> <C> <C>
Victory Growth Stock Fund $ -- $ 66,353
Fidelity Magellan Fund 1,221,293 (88,925)
Fidelity Contrafund 76,459 (760)
Templeton Foreign Fund 16,697 (5,832)
Victory Investment Quality
Bond Fund 192,191 (124,179)
Victory Prime Obligation Fund 3,439 --
Marsh Stock Fund 1,159,315 (77,177)
---------- ---------
Net change in fair value $2,669,394 $(230,520)
========== =========
</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>
1995 1994
---------- ----------
<S> <C> <C>
Fidelity Magellan Fund $5,511,120 $2,888,696
Victory Investment Quality Bond Fund 2,607,553 1,684,020
Victory Prime Obligation Fund 883,269 588,490
Marsh Class A Common Stock, 217,965 and 137,672 shares 2,888,036 1,445,556
Marsh Class B Common Stock, 201,105 and 147,558 shares 2,664,642 1,401,801
</TABLE>
9
<PAGE> 13
Marsh Supermarkets, Inc. 401(k) Plan
Notes to Financial Statements (continued)
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.
10
<PAGE> 14
Schedules
<PAGE> 15
Marsh Supermarkets, Inc. 401(k) Plan
Assets Held for Investment Purposes
December 31, 1995
<TABLE>
Item 27 (a) EIN Number: 35-0918179
Plan Number: 004
(b) (c) (d) (e)
Identity of Issuer Description of Investment Cost Market
- -------------------------------------------------------------------------------------------------------------
<S> <C> <S> <C>
Key Bank* 64,097.699 shares Fidelity Magellan Fund $ 4,698,517 $ 5,511,120
Key Bank* 11,138.039 shares Fidelity Contrafund 381,797 423,468
Key Bank* 38,031.889 shares Templeton Foreign Fund 352,977 349,133
Key Bank* 262,593.471 shares Victory Investment Quality
Bond Fund 2,534,222 2,607,553
Key Bank* Victory Prime Obligations Fund 879,830 883,269
Key Bank* Employee Benefits Money Market Fund 274,959 274,959
Marsh Supermarkets, Inc.* 217,965 shares of Class A Common Stock 2,437,205 2,888,036
Marsh Supermarkets, Inc.* 201,105 shares of Class B Common Stock 2,426,651 2,664,642
Loans to Participants Interest rates ranging from 7.0% to 10.0% -- 194,102
----------- -----------
$13,986,158 $15,796,282
=========== ===========
</TABLE>
* Indicates party-in-interest to the Plan.
11
<PAGE> 16
Marsh Supermarkets, Inc.
Schedule of Reportable Transactions
Year Ended December 31, 1995
<TABLE>
<CAPTION>
Item 27(d) EIN Number: 35-0918179
Plan Number: 004
(a) (b) (c) (d) (g) (h) (i)
Number of Purchase Selling Cost of Assets Value at Date Net Gain
Identity of Party Description of Asset Transactions Price Price Sold of Transaction or (Loss)
- ----------------------------------------------------------------------------------------------------------------------------------
Category (iii) - A Series of transactions in excess of 5% of plan assets:
<S> <C> <C> <C> <C> <C> <C> <C>
Key Bank Fidelity Magellan Fund
Purchases 89 $1,679,121 $ -- $ -- $1,679,121 $ --
Sales 68 -- 277,989 240,531 277,989 37,458
Key Bank Victory Investment Quality Bond Fund
Purchases 83 978,889 -- -- 978,889 --
Sales 87 -- 247,546 248,320 247,548 (774)
Key Bank Victory Prime Obligation Fund
Deposits 98 393,706 -- -- 393,706 --
Withdrawals 69 -- 102,366 102,366 102,366 --
Marsh Supermarkets Class A Common Stock
Purchases 50 776,191 -- -- 776,191 --
Marsh Supermarkets Class B Common Stock
Purchases 50 782,154 -- -- 782,154 --
Key Bank Employee Benefits Money Market Fund
Deposits 379 2,599,686 -- -- 2,599,686 --
Withdrawals 417 -- 2,389,275 2,389,275 2,389,275 --
</TABLE>
Information concerning (e) "Lease Rental" and (f) "Expense Incurred with
Transaction" has not been presented as it is not applicable.
There were no category (i), (ii) or (iv) reportable transactions during 1995.
12
<PAGE> 17
Exhibit Index
Exhibit No.
23 Consent of Independent Auditors
<PAGE> 1
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 12, 1996, 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, 1995.
Ernst & Young LLP
Indianapolis, Indiana
June 26, 1996
