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FIRST STATE BANK SHANNON - POLO 401K PLAN 401k Plan overview

Plan NameFIRST STATE BANK SHANNON - POLO 401K PLAN
Plan identification number 001

FIRST STATE BANK SHANNON - POLO 401K 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

FIRST STATE BANK SHANNON - POLO has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK SHANNON - POLO
Employer identification number (EIN):361079260
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK SHANNON - POLO 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARTY DECRANE2024-06-05
0012022-01-01MARTY DECRANE2023-05-30
0012021-01-01MARTY DECRANE2022-06-08
0012020-01-01ALLEN WOESSNER2021-06-04
0012019-01-01AWOESSNER71102020-06-20
0012019-01-01ALLEN WOESSNER2020-06-30
0012018-01-01ALLEN WOESSNER2019-06-08
0012017-01-01ALLEN WOESSNER2018-06-11
0012016-01-01ALLEN WOESSNER2017-06-10
0012015-01-01ALLEN WOESSNER2016-06-28
0012014-01-01ALLEN WOESSNER2015-06-13
0012013-01-01ALLEN WOESSNER2014-06-20
0012012-01-01ALLEN WOESSNER2013-07-20
0012011-01-01ALLEN WOESSNER2012-06-10
0012010-01-01ALLEN WOESSNER2011-07-07
0012009-01-01ALLEN WOESSNER ALLEN WOESSNER2010-05-03

Financial Data on FIRST STATE BANK SHANNON - POLO 401K PLAN

Measure Date Value
2025 : FIRST STATE BANK SHANNON - POLO 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-28106593
Net assets as of the end of the plan year2025-05-288892472
Total assets as of the beginning of the plan year2025-05-287611837
Value of plan covered by a fidelity bond2025-05-28500000
Participant contributions to plan in this plan year2025-05-28185997
Other contributions to plan in this plan year2025-05-2848855
Other income to plan in this plan year2025-05-281038376
Plan net income in this plan year2025-05-281280635
Net assets as of the end of the plan year2025-05-288892472
Net assets as of the beginning of the plan year2025-05-287611837
Employer contributions to plan in this plan year2025-05-28114000
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-28443
2024 : FIRST STATE BANK SHANNON - POLO 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-051003240
Net assets as of the end of the plan year2024-06-057611837
Total assets as of the beginning of the plan year2024-06-057187198
Value of plan covered by a fidelity bond2024-06-05500000
Participant contributions to plan in this plan year2024-06-05160133
Other contributions to plan in this plan year2024-06-0583767
Other income to plan in this plan year2024-06-051069979
Plan net income in this plan year2024-06-05424639
Net assets as of the end of the plan year2024-06-057611837
Net assets as of the beginning of the plan year2024-06-057187198
Employer contributions to plan in this plan year2024-06-05114000
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-05654
2022 : FIRST STATE BANK SHANNON - POLO 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-08247634
Net assets as of the end of the plan year2022-06-088606052
Total assets as of the beginning of the plan year2022-06-087619107
Value of plan covered by a fidelity bond2022-06-08500000
Participant contributions to plan in this plan year2022-06-08201525
Other income to plan in this plan year2022-06-08919054
Plan net income in this plan year2022-06-08986945
Net assets as of the end of the plan year2022-06-088606052
Net assets as of the beginning of the plan year2022-06-087619107
Employer contributions to plan in this plan year2022-06-08114000
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-082966
2009 : FIRST STATE BANK SHANNON - POLO 401K PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST STATE BANK SHANNON - POLO 401K PLAN

2009: FIRST STATE BANK SHANNON - POLO 401K 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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