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THE BANK OF GRAND LAKE 401 (K) PLAN 401k Plan overview

Plan NameTHE BANK OF GRAND LAKE 401 (K) PLAN
Plan identification number 001

THE BANK OF GRAND LAKE 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.
  • 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 BANK OF GRAND LAKE has sponsored the creation of one or more 401k plans.

Company Name:THE BANK OF GRAND LAKE
Employer identification number (EIN):202967166
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BANK OF GRAND LAKE 401 (K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA DOLLARHIDE2024-06-26
0012022-01-01LISA DOLLARHIDE2023-04-05 LISA DOLLARHIDE2023-04-05
0012021-01-01LISA DOLLARHIDE2022-03-21 LISA DOLLARHIDE2022-03-21
0012020-01-01LISA DOLLARHIDE2021-06-02 LISA DOLLARHIDE2021-06-02
0012019-01-01LISA DOLLARHIDE2020-06-01 BANK OF GRAND LAKE2020-06-01
0012018-01-01LISA DOLLARHIDE2019-10-14 LISA DOLLARHIDE2019-10-14
0012017-01-01LISA DOLLARHIDE2018-09-21
0012016-01-01LISA DOLLARHIDE2017-03-10

Financial Data on THE BANK OF GRAND LAKE 401 (K) PLAN

Measure Date Value
2025 : THE BANK OF GRAND LAKE 401 (K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-1022745
Net assets as of the end of the plan year2025-04-101096513
Total assets as of the beginning of the plan year2025-04-10889591
Value of plan covered by a fidelity bond2025-04-101000000
Participant contributions to plan in this plan year2025-04-1083032
Value of participant loans at end of plan year2025-04-1033799
Other income to plan in this plan year2025-04-1076235
Plan net income in this plan year2025-04-10206922
Net assets as of the end of the plan year2025-04-101096513
Net assets as of the beginning of the plan year2025-04-10889591
Employer contributions to plan in this plan year2025-04-1070400
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-108007
2024 : THE BANK OF GRAND LAKE 401 (K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-264803
Total expenses incurred by plan in this plan year2024-06-2650666
Net assets as of the end of the plan year2024-06-26889591
Total assets as of the beginning of the plan year2024-06-26714729
Value of plan covered by a fidelity bond2024-06-261000000
Participant contributions to plan in this plan year2024-06-2669584
Value of participant loans at end of plan year2024-06-2630769
Other income to plan in this plan year2024-06-2691180
Plan net income in this plan year2024-06-26170059
Net assets as of the end of the plan year2024-06-26889591
Net assets as of the beginning of the plan year2024-06-26714729
Employer contributions to plan in this plan year2024-06-2659961
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-267485
2022 : THE BANK OF GRAND LAKE 401 (K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-218991
Net assets as of the end of the plan year2022-03-21759232
Total assets as of the beginning of the plan year2022-03-21537673
Value of plan covered by a fidelity bond2022-03-211000000
Participant contributions to plan in this plan year2022-03-2157711
Value of participant loans at end of plan year2022-03-2151680
Other contributions to plan in this plan year2022-03-2148963
Other income to plan in this plan year2022-03-2166025
Plan net income in this plan year2022-03-21221559
Net assets as of the end of the plan year2022-03-21759232
Net assets as of the beginning of the plan year2022-03-21537673
Employer contributions to plan in this plan year2022-03-2157851
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-216370

Potentially related plans

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