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FIRST STATE BANK 401(K) PLAN 401k Plan overview

Plan NameFIRST STATE BANK 401(K) PLAN
Plan identification number 001

FIRST STATE BANK 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

FIRST STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK
Employer identification number (EIN):201808984
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ANITA SULLIVAN2024-10-15 ANITA SULLIVAN2024-10-15
0012022-01-01ANITA SULLIVAN2023-04-28 ANITA SULLIVAN2023-04-28
0012021-01-01ANITA SULLIVAN2022-05-11 ANITA SULLIVAN2022-05-11
0012020-01-01ANITA SULLIVAN2021-09-16
0012019-01-01ANITA SULLIVAN2020-05-12 ANITA SULLIVAN2020-05-12
0012018-01-01ANITA SULLIVAN2019-07-05 ANITA SULLIVAN2019-07-05
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01ANITA M. SULLIVAN2015-07-26
0012013-01-01ANITA M. SULLIVAN2014-09-15
0012012-01-01ANITA M SULLIVAN2013-08-07
0012011-01-01ANITA SULLIVAN2012-10-03
0012010-01-01ANITA SULLIVAN2011-10-14 ANITA SULLIVAN2011-10-14

Financial Data on FIRST STATE BANK 401(K) PLAN

Measure Date Value
2025 : FIRST STATE BANK 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-150
Total liabilities as of the end of the plan year2025-09-150
Total liabilities as of the beginning of the plan year2025-09-150
Total expenses incurred by plan in this plan year2025-09-157105
Net assets as of the end of the plan year2025-09-151394011
Total assets as of the beginning of the plan year2025-09-151194024
Value of plan covered by a fidelity bond2025-09-15500000
Participant contributions to plan in this plan year2025-09-1541827
Other expenses paid from plan in this plan year2025-09-150
Other contributions to plan in this plan year2025-09-151274
Other income to plan in this plan year2025-09-15145290
Plan net income in this plan year2025-09-15199987
Net assets as of the end of the plan year2025-09-151394011
Net assets as of the beginning of the plan year2025-09-151194024
Employer contributions to plan in this plan year2025-09-1518701
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-155738
2024 : FIRST STATE BANK 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total liabilities as of the end of the plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-156076
Net assets as of the end of the plan year2024-10-151194024
Total assets as of the beginning of the plan year2024-10-15990942
Value of plan covered by a fidelity bond2024-10-15500000
Participant contributions to plan in this plan year2024-10-1544483
Other expenses paid from plan in this plan year2024-10-150
Other contributions to plan in this plan year2024-10-152915
Other income to plan in this plan year2024-10-15141605
Plan net income in this plan year2024-10-15203082
Net assets as of the end of the plan year2024-10-151194024
Net assets as of the beginning of the plan year2024-10-15990942
Employer contributions to plan in this plan year2024-10-1520155
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-154734
2022 : FIRST STATE BANK 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-110
Total liabilities as of the end of the plan year2022-05-110
Total liabilities as of the beginning of the plan year2022-05-110
Total expenses incurred by plan in this plan year2022-05-115977
Net assets as of the end of the plan year2022-05-111115901
Total assets as of the beginning of the plan year2022-05-11969597
Value of plan covered by a fidelity bond2022-05-11500000
Participant contributions to plan in this plan year2022-05-1138320
Other expenses paid from plan in this plan year2022-05-110
Other contributions to plan in this plan year2022-05-110
Other income to plan in this plan year2022-05-1196514
Plan net income in this plan year2022-05-11146304
Net assets as of the end of the plan year2022-05-111115901
Net assets as of the beginning of the plan year2022-05-11969597
Employer contributions to plan in this plan year2022-05-1117447
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-114555

Potentially related plans

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