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FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN
Plan identification number 002

FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING 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.
  • 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 NATIONAL BANK OF ABSECON has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK OF ABSECON
Employer identification number (EIN):210450890
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01C. ERIC GAUPP2024-07-26
0022022-01-01CHRISTIAN GAUPP2023-09-29
0022021-01-01CHRISTIAN GAUPP2022-07-26
0022020-01-01CHRISTIAN GAUPP2021-10-04
0022020-01-01CHRISTIAN GAUPP2022-07-26
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01CHRISTIAN E. GAUPP2017-07-12
0022015-01-01CHRISTIAN E. GAUPP2016-07-19
0022014-01-01CHRISTIAN E. GAUPP2015-07-09
0022013-01-01CHRISTIAN E. GAUPP2014-07-30
0022012-01-01CHRISTIAN E. GAUPP2013-05-28
0022011-01-01CHRISTIAN E. GAUPP2012-03-23
0022010-01-01CHRISTIAN E. GAUPP2011-03-24

Plan Statistics for FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN

Measure Date Value
2025: FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-1540
Total number of particpants at end of year2025-07-1546
Number of Participants With Account Balances2025-07-1534
2024: FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2641
Total number of particpants at end of year2024-07-2640
Number of Participants With Account Balances2024-07-2633
2022: FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-2642
Total number of particpants at end of year2022-07-2643
Number of Participants With Account Balances2022-07-2638

Financial Data on FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN

Measure Date Value
2025 : FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-150
Total expenses incurred by plan in this plan year2025-07-1537646
Net assets as of the end of the plan year2025-07-151860206
Total assets as of the beginning of the plan year2025-07-151468274
Value of plan covered by a fidelity bond2025-07-153000000
Participant contributions to plan in this plan year2025-07-15121399
Value of participant loans at end of plan year2025-07-152736
Other income to plan in this plan year2025-07-15268686
Plan net income in this plan year2025-07-15391932
Net assets as of the end of the plan year2025-07-151860206
Net assets as of the beginning of the plan year2025-07-151468274
Employer contributions to plan in this plan year2025-07-1539493
2024 : FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-260
Total liabilities as of the beginning of the plan year2024-07-260
Total expenses incurred by plan in this plan year2024-07-26223228
Net assets as of the end of the plan year2024-07-261468274
Total assets as of the beginning of the plan year2024-07-261345512
Value of plan covered by a fidelity bond2024-07-263000000
Participant contributions to plan in this plan year2024-07-26110800
Value of participant loans at end of plan year2024-07-268291
Other expenses paid from plan in this plan year2024-07-260
Other contributions to plan in this plan year2024-07-260
Other income to plan in this plan year2024-07-26200177
Plan net income in this plan year2024-07-26122762
Net assets as of the end of the plan year2024-07-261468274
Net assets as of the beginning of the plan year2024-07-261345512
Employer contributions to plan in this plan year2024-07-2635013
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-2649619
2022 : FIRST NATIONAL BANK OF ABSECON 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-26251010
Net assets as of the end of the plan year2022-07-261308456
Total assets as of the beginning of the plan year2022-07-261237049
Value of plan covered by a fidelity bond2022-07-263000000
Participant contributions to plan in this plan year2022-07-2686599
Value of participant loans at end of plan year2022-07-2611626
Other contributions to plan in this plan year2022-07-2670970
Other income to plan in this plan year2022-07-26129529
Plan net income in this plan year2022-07-2671407
Net assets as of the end of the plan year2022-07-261308456
Net assets as of the beginning of the plan year2022-07-261237049
Employer contributions to plan in this plan year2022-07-2635319
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-2612337

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