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THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN
Plan identification number 001

THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

THE FIRST NATIONAL BANK OF MONTEREY has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF MONTEREY
Employer identification number (EIN):350310210
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CONNOR MCBRIDE2024-09-17 ROBERT CANNEDY2024-09-17
0012022-01-01
0012022-01-01CONNOR MCBRIDE
0012021-01-01
0012021-01-01CONNOR MCBRIDE
0012020-01-01
0012019-01-01
0012018-01-01KELLY FIELD
0012017-01-01KELLY FIELD
0012016-01-01KELLY FIELD
0012015-01-01KELLY FIELD
0012014-01-01KELLY FIELD
0012013-01-01KELLY FIELD
0012012-01-01KELLY FIELD
0012011-01-01KELLY FIELD
0012009-01-01KELLY FIELD

Financial Data on THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-011045
Total expenses incurred by plan in this plan year2025-07-01717190
Net assets as of the end of the plan year2025-07-013771803
Total assets as of the beginning of the plan year2025-07-013983097
Value of plan covered by a fidelity bond2025-07-01398310
Other income to plan in this plan year2025-07-01161906
Plan net income in this plan year2025-07-01-212339
Net assets as of the end of the plan year2025-07-013770758
Net assets as of the beginning of the plan year2025-07-013983097
Employer contributions to plan in this plan year2025-07-01342945
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-011045
2024 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-170
Total expenses incurred by plan in this plan year2024-09-17702082
Net assets as of the end of the plan year2024-09-173983097
Total assets as of the beginning of the plan year2024-09-174234554
Value of plan covered by a fidelity bond2024-09-17423455
Participant contributions to plan in this plan year2024-09-170
Other contributions to plan in this plan year2024-09-170
Other income to plan in this plan year2024-09-17125432
Plan net income in this plan year2024-09-17-251457
Net assets as of the end of the plan year2024-09-173983097
Net assets as of the beginning of the plan year2024-09-174234554
Employer contributions to plan in this plan year2024-09-17325193
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-170
2022 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2022 401k financial data
Total income from all sources2022-12-31$423,469
Expenses. Total of all expenses incurred2022-12-31$492,426
Benefits paid (including direct rollovers)2022-12-31$492,426
Total plan assets at end of year2022-12-31$4,234,554
Total plan assets at beginning of year2022-12-31$4,303,511
Value of fidelity bond covering the plan2022-12-31$3,000,000
Other income received2022-12-31$42,824
Net income (gross income less expenses)2022-12-31$-68,957
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,234,554
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,303,511
Assets. Value of employer securities2022-12-31$4,234,554
Total contributions received or receivable from employer(s)2022-12-31$380,645
2021 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources2021-12-31$384,325
Expenses. Total of all expenses incurred2021-12-31$904,800
Benefits paid (including direct rollovers)2021-12-31$904,800
Total plan assets at end of year2021-12-31$4,303,511
Total plan assets at beginning of year2021-12-31$4,823,986
Value of fidelity bond covering the plan2021-12-31$3,000,000
Other income received2021-12-31$36,204
Net income (gross income less expenses)2021-12-31$-520,475
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,303,511
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,823,986
Assets. Value of employer securities2021-12-31$4,303,511
Total contributions received or receivable from employer(s)2021-12-31$348,121
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$413,394
Expenses. Total of all expenses incurred2020-12-31$196,578
Benefits paid (including direct rollovers)2020-12-31$196,578
Total plan assets at end of year2020-12-31$4,823,986
Total plan assets at beginning of year2020-12-31$4,607,170
Value of fidelity bond covering the plan2020-12-31$3,000,000
Other income received2020-12-31$63,565
Net income (gross income less expenses)2020-12-31$216,816
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,823,986
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$4,607,170
Assets. Value of employer securities2020-12-31$4,823,986
Total contributions received or receivable from employer(s)2020-12-31$349,829
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$437,665
Expenses. Total of all expenses incurred2019-12-31$460,133
Benefits paid (including direct rollovers)2019-12-31$460,133
Total plan assets at end of year2019-12-31$4,607,170
Total plan assets at beginning of year2019-12-31$4,629,638
Value of fidelity bond covering the plan2019-12-31$3,000,000
Other income received2019-12-31$91,510
Net income (gross income less expenses)2019-12-31$-22,468
Net plan assets at end of year (total assets less liabilities)2019-12-31$4,607,170
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,629,638
Assets. Value of employer securities2019-12-31$4,082,268
Total contributions received or receivable from employer(s)2019-12-31$346,155
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$391,787
Expenses. Total of all expenses incurred2018-12-31$382,906
Benefits paid (including direct rollovers)2018-12-31$382,906
Total plan assets at end of year2018-12-31$4,629,638
Total plan assets at beginning of year2018-12-31$4,620,757
Value of fidelity bond covering the plan2018-12-31$3,000,000
Other income received2018-12-31$57,681
Net income (gross income less expenses)2018-12-31$8,881
Net plan assets at end of year (total assets less liabilities)2018-12-31$4,629,638
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$4,620,757
Assets. Value of employer securities2018-12-31$3,610,284
Total contributions received or receivable from employer(s)2018-12-31$334,106
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$364,856
Expenses. Total of all expenses incurred2017-12-31$412,645
Benefits paid (including direct rollovers)2017-12-31$412,645
Total plan assets at end of year2017-12-31$4,620,757
Total plan assets at beginning of year2017-12-31$4,668,546
Value of fidelity bond covering the plan2017-12-31$3,000,000
Other income received2017-12-31$32,639
Net income (gross income less expenses)2017-12-31$-47,789
Net plan assets at end of year (total assets less liabilities)2017-12-31$4,620,757
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$4,668,546
Assets. Value of employer securities2017-12-31$3,598,915
Total contributions received or receivable from employer(s)2017-12-31$332,217
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$355,609
Expenses. Total of all expenses incurred2016-12-31$497,622
Benefits paid (including direct rollovers)2016-12-31$497,622
Total plan assets at end of year2016-12-31$4,668,546
Total plan assets at beginning of year2016-12-31$4,810,559
Value of fidelity bond covering the plan2016-12-31$3,000,000
Other income received2016-12-31$39,257
Net income (gross income less expenses)2016-12-31$-142,013
Net plan assets at end of year (total assets less liabilities)2016-12-31$4,668,546
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$4,810,559
Assets. Value of employer securities2016-12-31$3,640,096
Total contributions received or receivable from employer(s)2016-12-31$316,352
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$347,006
Expenses. Total of all expenses incurred2015-12-31$318,525
Benefits paid (including direct rollovers)2015-12-31$318,525
Total plan assets at end of year2015-12-31$4,810,559
Total plan assets at beginning of year2015-12-31$4,782,078
Value of fidelity bond covering the plan2015-12-31$3,000,000
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$36,004
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$28,481
Net plan assets at end of year (total assets less liabilities)2015-12-31$4,810,559
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$4,782,078
Assets. Value of employer securities2015-12-31$3,757,978
Total contributions received or receivable from employer(s)2015-12-31$311,002
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$364,883
Expenses. Total of all expenses incurred2014-12-31$108,589
Benefits paid (including direct rollovers)2014-12-31$108,589
Total plan assets at end of year2014-12-31$4,782,078
Total plan assets at beginning of year2014-12-31$4,525,784
Value of fidelity bond covering the plan2014-12-31$3,000,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$58,022
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$256,294
Net plan assets at end of year (total assets less liabilities)2014-12-31$4,782,078
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$4,525,784
Assets. Value of employer securities2014-12-31$3,757,978
Total contributions received or receivable from employer(s)2014-12-31$306,861
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$306,059
Expenses. Total of all expenses incurred2013-12-31$91,439
Benefits paid (including direct rollovers)2013-12-31$91,439
Total plan assets at end of year2013-12-31$4,525,784
Total plan assets at beginning of year2013-12-31$4,311,164
Value of fidelity bond covering the plan2013-12-31$1,000,000
Other income received2013-12-31$36,129
Net income (gross income less expenses)2013-12-31$214,620
Net plan assets at end of year (total assets less liabilities)2013-12-31$4,525,784
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,311,164
Assets. Value of employer securities2013-12-31$4,019,589
Total contributions received or receivable from employer(s)2013-12-31$269,930
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$329,296
Expenses. Total of all expenses incurred2012-12-31$103,691
Benefits paid (including direct rollovers)2012-12-31$103,691
Total plan assets at end of year2012-12-31$4,311,164
Total plan assets at beginning of year2012-12-31$4,085,559
Value of fidelity bond covering the plan2012-12-31$1,000,000
Other income received2012-12-31$48,670
Net income (gross income less expenses)2012-12-31$225,605
Net plan assets at end of year (total assets less liabilities)2012-12-31$4,311,164
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$4,085,559
Assets. Value of employer securities2012-12-31$3,802,738
Total contributions received or receivable from employer(s)2012-12-31$280,626
2011 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$344,526
Expenses. Total of all expenses incurred2011-12-31$544,301
Benefits paid (including direct rollovers)2011-12-31$544,301
Total plan assets at end of year2011-12-31$4,085,559
Total plan assets at beginning of year2011-12-31$4,285,334
Value of fidelity bond covering the plan2011-12-31$5,000,000
Other income received2011-12-31$73,736
Net income (gross income less expenses)2011-12-31$-199,775
Net plan assets at end of year (total assets less liabilities)2011-12-31$4,085,559
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$4,285,334
Assets. Value of employer securities2011-12-31$3,573,331
Total contributions received or receivable from employer(s)2011-12-31$270,790
2010 : THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$347,520
Expenses. Total of all expenses incurred2010-12-31$90,747
Benefits paid (including direct rollovers)2010-12-31$90,747
Total plan assets at end of year2010-12-31$4,285,334
Total plan assets at beginning of year2010-12-31$4,028,561
Value of fidelity bond covering the plan2010-12-31$5,000,000
Other income received2010-12-31$74,680
Net income (gross income less expenses)2010-12-31$256,773
Net plan assets at end of year (total assets less liabilities)2010-12-31$4,285,334
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$4,028,561
Assets. Value of employer securities2010-12-31$3,786,241
Total contributions received or receivable from employer(s)2010-12-31$272,840

Form 5500 Responses for THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN

2022: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: THE FIRST NATIONAL BANK OF MONTEREY EMPLOYEES' PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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