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THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN
Plan identification number 001

THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE FIRST NATIONAL BANK OF ORWELL has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF ORWELL
Employer identification number (EIN):030146435
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01BRYAN YOUNG2015-10-13
0012013-01-01BRYAN YOUNG2014-10-03
0012012-01-01BRYAN YOUNG2013-03-25
0012011-01-01BRYAN YOUNG2012-02-28
0012010-01-01BRYAN YOUNG2011-07-28

Financial Data on THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-230
Total liabilities as of the beginning of the plan year2025-07-230
Total expenses incurred by plan in this plan year2025-07-23449268
Net assets as of the end of the plan year2025-07-233005643
Total assets as of the beginning of the plan year2025-07-232952121
Value of plan covered by a fidelity bond2025-07-231000000
Participant contributions to plan in this plan year2025-07-23109692
Other expenses paid from plan in this plan year2025-07-230
Other contributions to plan in this plan year2025-07-230
Other income to plan in this plan year2025-07-23335480
Plan net income in this plan year2025-07-2353522
Net assets as of the end of the plan year2025-07-233005643
Net assets as of the beginning of the plan year2025-07-232952121
Employer contributions to plan in this plan year2025-07-2357618
Fees paid to broker by Benefit Provider2025-07-23718
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2313165
2024 : THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-080
Total liabilities as of the beginning of the plan year2024-07-080
Total expenses incurred by plan in this plan year2024-07-08429606
Net assets as of the end of the plan year2024-07-082952121
Total assets as of the beginning of the plan year2024-07-082843938
Value of plan covered by a fidelity bond2024-07-081000000
Participant contributions to plan in this plan year2024-07-08106515
Other expenses paid from plan in this plan year2024-07-080
Other contributions to plan in this plan year2024-07-080
Other income to plan in this plan year2024-07-08354861
Plan net income in this plan year2024-07-08108183
Net assets as of the end of the plan year2024-07-082952121
Net assets as of the beginning of the plan year2024-07-082843938
Employer contributions to plan in this plan year2024-07-0876413
Fees paid to broker by Benefit Provider2024-07-081668
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-087677
2022 : THE FIRST NATIONAL BANK OF ORWELL 401(K) RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-04600
Net assets as of the end of the plan year2022-10-043045410
Total assets as of the beginning of the plan year2022-10-042501185
Value of plan covered by a fidelity bond2022-10-041000000
Participant contributions to plan in this plan year2022-10-04143049
Other contributions to plan in this plan year2022-10-041849
Other income to plan in this plan year2022-10-04339636
Plan net income in this plan year2022-10-04544225
Net assets as of the end of the plan year2022-10-043045410
Net assets as of the beginning of the plan year2022-10-042501185
Employer contributions to plan in this plan year2022-10-0460291
Fees paid to broker by Benefit Provider2022-10-045192
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-04600

Potentially related plans

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