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STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameSTATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

STATE BANK OF MEDORA 401(K) AND PROFIT SHARING 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.
  • 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

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

Company Name:STATE BANK OF MEDORA
Employer identification number (EIN):350683810
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DENNIS WAYMAN2024-04-11
0012022-01-01DENNIS WAYMAN2023-03-14
0012021-01-01DENNIS WAYMAN2022-06-10
0012020-01-01DENNIS WAYMAN2021-01-30
0012019-01-01DENNIS WAYMAN2020-02-07
0012018-01-01DENNIS WAYMAN2019-07-03
0012017-01-01DENNIS WAYMAN2018-02-13
0012016-01-01DENNIS WAYMAN2017-07-25
0012015-01-01DENNIS WAYMAN2016-07-02
0012014-01-01DENNIS WAYMAN2015-06-04 DENNIS WAYMAN2015-06-04
0012013-01-01DENNIS WAYMAN2014-06-10 DENNIS WAYMAN2014-06-10
0012012-01-01DENNIS WAYMAN2013-06-04 DENNIS WAYMAN2013-06-04
0012011-01-01DENNIS WAYMAN2012-06-21 DENNIS WAYMAN2012-06-21
0012010-01-01DENNIS WAYMAN2011-06-25 DENNIS WAYMAN2011-06-25

Financial Data on STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2025 : STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-0129811
Net assets as of the end of the plan year2025-05-011591265
Total assets as of the beginning of the plan year2025-05-011361267
Value of plan covered by a fidelity bond2025-05-01500000
Participant contributions to plan in this plan year2025-05-0152238
Other income to plan in this plan year2025-05-01185124
Plan net income in this plan year2025-05-01229998
Net assets as of the end of the plan year2025-05-011591265
Net assets as of the beginning of the plan year2025-05-011361267
Employer contributions to plan in this plan year2025-05-0122447
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-0113206
2024 : STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-11309387
Net assets as of the end of the plan year2024-04-111361267
Total assets as of the beginning of the plan year2024-04-111408837
Value of plan covered by a fidelity bond2024-04-11500000
Participant contributions to plan in this plan year2024-04-1153769
Other income to plan in this plan year2024-04-11191641
Plan net income in this plan year2024-04-11-47570
Net assets as of the end of the plan year2024-04-111361267
Net assets as of the beginning of the plan year2024-04-111408837
Employer contributions to plan in this plan year2024-04-1116407
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-1111108
2022 : STATE BANK OF MEDORA 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-10104940
Net assets as of the end of the plan year2022-06-101634538
Total assets as of the beginning of the plan year2022-06-101477942
Value of plan covered by a fidelity bond2022-06-10500000
Participant contributions to plan in this plan year2022-06-1054108
Other income to plan in this plan year2022-06-10188700
Plan net income in this plan year2022-06-10156596
Net assets as of the end of the plan year2022-06-101634538
Net assets as of the beginning of the plan year2022-06-101477942
Employer contributions to plan in this plan year2022-06-1018728
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-1010969

Potentially related plans

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