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IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN 401k Plan overview

Plan NameIRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN
Plan identification number 002

IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

IRON WORKERS BANK has sponsored the creation of one or more 401k plans.

Company Name:IRON WORKERS BANK
Employer identification number (EIN):230725980
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-11-01BRENT WHITIG2024-05-31
0022021-11-01ERIC GOLDEN2023-05-12 ERIC GOLDEN2023-05-12
0022020-11-01ERIC GOLDEN2022-05-19 ERIC GOLDEN2022-05-19
0022019-11-01ERIC GOLDEN2021-05-14 ERIC GOLDEN2021-05-14
0022015-11-01JOHN WHITIG III2017-03-16
0022014-11-01JOHN WHITIG III2016-05-11
0022013-11-01JOHN WHITIG III2015-08-14
0022012-11-01JOHN WHITIG III2014-04-11
0022011-11-01JOHN WHITIG III2013-04-23
0022010-11-01JOHN WHITIG III2012-02-17

Plan Statistics for IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN

401k plan membership statisitcs for IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN

Measure Date Value
2023: IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN 2023 401k membership
Total number of particpants at beginning of year2023-05-1236
Total number of particpants at end of year2023-05-1236
Number of Participants With Account Balances2023-05-1232

Financial Data on IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN

Measure Date Value
2023 : IRON WORKERS SAVINGS BANK CASH OR DEFERRED PROFIT SHARING PLAN 2023 401k financial data
Total expenses incurred by plan in this plan year2023-05-12202431
Net assets as of the end of the plan year2023-05-124914850
Total assets as of the beginning of the plan year2023-05-125095079
Value of plan covered by a fidelity bond2023-05-12500000
Participant contributions to plan in this plan year2023-05-12208050
Value of participant loans at end of plan year2023-05-1255280
Other contributions to plan in this plan year2023-05-12109532
Other income to plan in this plan year2023-05-12-391705
Plan net income in this plan year2023-05-12-180229
Net assets as of the end of the plan year2023-05-124914850
Net assets as of the beginning of the plan year2023-05-125095079
Employer contributions to plan in this plan year2023-05-1296325
Expensese paid to adminstrative service provicers from plan in this plan year2023-05-1217907

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