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PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 401k Plan overview

Plan NamePROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST
Plan identification number 002

PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 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
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan covering Self-Employed individuals.
  • 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

BASSWOOD CAPITAL MANAGEMENT LLC has sponsored the creation of one or more 401k plans.

Company Name:BASSWOOD CAPITAL MANAGEMENT LLC
Employer identification number (EIN):134045628
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01MARC SAMIT, COO
0022016-01-01MARC SAMIT, COO
0022016-01-01
0022015-01-01MARC SAMIT, CFO
0022014-01-01MARC SAMIT, CFO
0022013-01-01MARC SAMIT, CFO2014-10-09
0022012-01-01MARC SAMIT, CFO2013-09-17
0022011-01-01MARC SAMIT, CFO2012-09-07
0022010-01-01MARC SAMIT, CFO2011-08-05

Plan Statistics for PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST

401k plan membership statisitcs for PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST

Measure Date Value
2022: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-0122
Total number of active participants reported on line 7a of the Form 55002022-01-0119
Number of other retired or separated participants entitled to future benefits2022-01-014
Total of all active and inactive participants2022-01-0123
Total participants2022-01-0123
Number of participants with account balances2022-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-0125
Total number of active participants reported on line 7a of the Form 55002021-01-0118
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0123
Total participants2021-01-0123
Number of participants with account balances2021-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0123
Total number of active participants reported on line 7a of the Form 55002020-01-0120
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0125
Number of participants with account balances2020-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-0124
Total number of active participants reported on line 7a of the Form 55002019-01-0118
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-015
Total of all active and inactive participants2019-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0123
Number of participants with account balances2019-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2018 401k membership
Total participants, beginning-of-year2018-01-0122
Total number of active participants reported on line 7a of the Form 55002018-01-0119
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0124
Number of participants with account balances2018-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2017 401k membership
Total participants, beginning-of-year2017-01-0120
Total number of active participants reported on line 7a of the Form 55002017-01-0118
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0122
Total participants2017-01-0122
Number of participants with account balances2017-01-0117
2016: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0122
Total number of active participants reported on line 7a of the Form 55002016-01-0116
Number of other retired or separated participants entitled to future benefits2016-01-014
Total of all active and inactive participants2016-01-0120
Total participants2016-01-0120
Number of participants with account balances2016-01-0117
2015: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0123
Total number of active participants reported on line 7a of the Form 55002015-01-0116
Number of other retired or separated participants entitled to future benefits2015-01-016
Total of all active and inactive participants2015-01-0122
Total participants2015-01-0122
Number of participants with account balances2015-01-0120
2014: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-0125
Total number of active participants reported on line 7a of the Form 55002014-01-0116
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0123
Total participants2014-01-0123
Number of participants with account balances2014-01-0120

Financial Data on PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST

Measure Date Value
2022 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$699,260
Expenses. Total of all expenses incurred2022-12-31$80,929
Benefits paid (including direct rollovers)2022-12-31$75,063
Total plan assets at end of year2022-12-31$13,311,542
Total plan assets at beginning of year2022-12-31$12,693,211
Value of fidelity bond covering the plan2022-12-31$12,551,209
Total contributions received or receivable from participants2022-12-31$289,310
Contributions received from other sources (not participants or employers)2022-12-31$138,650
Other income received2022-12-31$227,878
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$618,331
Net plan assets at end of year (total assets less liabilities)2022-12-31$13,311,542
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$12,693,211
Assets. Value of participant loans2022-12-31$6,151
Assets. Value of assets in partnership/joint-venture interests2022-12-31$12,488,528
Total contributions received or receivable from employer(s)2022-12-31$43,422
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$5,866
2021 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$3,481,285
Expenses. Total of all expenses incurred2021-12-31$324,032
Benefits paid (including direct rollovers)2021-12-31$324,032
Total plan assets at end of year2021-12-31$12,693,211
Total plan assets at beginning of year2021-12-31$9,535,958
Value of fidelity bond covering the plan2021-12-31$9,502,521
Total contributions received or receivable from participants2021-12-31$269,533
Other income received2021-12-31$3,066,616
Net income (gross income less expenses)2021-12-31$3,157,253
Net plan assets at end of year (total assets less liabilities)2021-12-31$12,693,211
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$9,535,958
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$11,155,543
Total contributions received or receivable from employer(s)2021-12-31$145,136
2020 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$151,726
Expenses. Total of all expenses incurred2020-12-31$71,722
Benefits paid (including direct rollovers)2020-12-31$71,722
Total plan assets at end of year2020-12-31$9,535,958
Total plan assets at beginning of year2020-12-31$9,455,954
Value of fidelity bond covering the plan2020-12-31$7,106,135
Total contributions received or receivable from participants2020-12-31$201,310
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-83,784
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$80,004
Net plan assets at end of year (total assets less liabilities)2020-12-31$9,535,958
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$9,455,954
Assets. Value of participant loans2020-12-31$6,364
Assets. Value of assets in partnership/joint-venture interests2020-12-31$8,239,470
Total contributions received or receivable from employer(s)2020-12-31$34,200
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
2019 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,678,313
Expenses. Total of all expenses incurred2019-12-31$42,774
Benefits paid (including direct rollovers)2019-12-31$42,774
Total plan assets at end of year2019-12-31$9,455,954
Total plan assets at beginning of year2019-12-31$7,820,415
Value of fidelity bond covering the plan2019-12-31$8,527,362
Total contributions received or receivable from participants2019-12-31$195,760
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$1,480,369
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,635,539
Net plan assets at end of year (total assets less liabilities)2019-12-31$9,455,954
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$7,820,415
Assets. Value of participant loans2019-12-31$17,025
Assets. Value of assets in partnership/joint-venture interests2019-12-31$8,378,882
Total contributions received or receivable from employer(s)2019-12-31$2,184
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
2018 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2018 401k financial data
Total income from all sources2018-12-31$-992,090
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$7,820,415
Total plan assets at beginning of year2018-12-31$8,812,505
Value of fidelity bond covering the plan2018-12-31$9,053,053
Total contributions received or receivable from participants2018-12-31$187,260
Other income received2018-12-31$-1,179,350
Net income (gross income less expenses)2018-12-31$-992,090
Net plan assets at end of year (total assets less liabilities)2018-12-31$7,820,415
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$8,812,505
Assets. Value of participant loans2018-12-31$27,223
Assets. Value of assets in partnership/joint-venture interests2018-12-31$6,986,648
Total contributions received or receivable from employer(s)2018-12-31$0
Value of certain deemed distributions of participant loans2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
2017 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2017 401k financial data
Total income from all sources2017-12-31$1,565,629
Total plan assets at end of year2017-12-31$8,812,505
Total plan assets at beginning of year2017-12-31$7,246,876
Value of fidelity bond covering the plan2017-12-31$6,340,729
Total contributions received or receivable from participants2017-12-31$195,160
Other income received2017-12-31$1,370,469
Net income (gross income less expenses)2017-12-31$1,565,629
Net plan assets at end of year (total assets less liabilities)2017-12-31$8,812,505
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$7,246,876
Assets. Value of participant loans2017-12-31$36,981
Assets. Value of assets in partnership/joint-venture interests2017-12-31$7,808,492
2016 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2016 401k financial data
Total income from all sources2016-12-31$1,155,574
Expenses. Total of all expenses incurred2016-12-31$381,770
Benefits paid (including direct rollovers)2016-12-31$369,260
Total plan assets at end of year2016-12-31$7,268,776
Total plan assets at beginning of year2016-12-31$6,494,972
Value of fidelity bond covering the plan2016-12-31$8,912,903
Total contributions received or receivable from participants2016-12-31$198,060
Contributions received from other sources (not participants or employers)2016-12-31$10,347
Other income received2016-12-31$947,167
Net income (gross income less expenses)2016-12-31$773,804
Net plan assets at end of year (total assets less liabilities)2016-12-31$7,268,776
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$6,494,972
Assets. Value of participant loans2016-12-31$46,299
Assets. Value of assets in partnership/joint-venture interests2016-12-31$6,413,855
Value of corrective distributions2016-12-31$12,510
2015 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2015 401k financial data
Total income from all sources2015-12-31$834,713
Expenses. Total of all expenses incurred2015-12-31$75,409
Benefits paid (including direct rollovers)2015-12-31$75,409
Total plan assets at end of year2015-12-31$6,494,972
Total plan assets at beginning of year2015-12-31$5,735,668
Value of fidelity bond covering the plan2015-12-31$8,912,903
Total contributions received or receivable from participants2015-12-31$172,910
Other income received2015-12-31$661,803
Net income (gross income less expenses)2015-12-31$759,304
Net plan assets at end of year (total assets less liabilities)2015-12-31$6,494,972
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$5,735,668
Assets. Value of assets in partnership/joint-venture interests2015-12-31$5,808,851
2014 : PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2014 401k financial data
Total income from all sources2014-12-31$489,948
Expenses. Total of all expenses incurred2014-12-31$229,676
Benefits paid (including direct rollovers)2014-12-31$229,676
Total plan assets at end of year2014-12-31$5,735,668
Total plan assets at beginning of year2014-12-31$5,475,396
Value of fidelity bond covering the plan2014-12-31$8,912,903
Total contributions received or receivable from participants2014-12-31$175,442
Other income received2014-12-31$314,506
Net income (gross income less expenses)2014-12-31$260,272
Net plan assets at end of year (total assets less liabilities)2014-12-31$5,735,668
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,475,396
Assets. Value of assets in partnership/joint-venture interests2014-12-31$4,966,116

Form 5500 Responses for PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST

2022: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PROFIT SHARING PLAN UNDER BASSWOOD CAPITAL MANAGEMENT LLC INCENTIVE SAVINGS TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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