401k Plan data: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN plan

COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
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

GALVA INVESTMENT, INC. has sponsored the creation of one or more 401k plans.

Company Name: GALVA INVESTMENT, INC.

Employer identification number (EIN): 363219500

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2014-01-01
001 2013-01-01 KEVIN YEPSEN LUKE HAWKINS 2014-07-24
001 2012-01-01 KEVIN YEPSEN
001 2011-01-01 KEVIN YEPSEN
001 2010-01-01 KATIE GILLISPIE

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2014-01-01
001	2013-01-01	KEVIN YEPSEN	LUKE HAWKINS	2014-07-24
001	2012-01-01	KEVIN YEPSEN
001	2011-01-01	KEVIN YEPSEN
001	2010-01-01	KATIE GILLISPIE

Plan Statistics for COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2014: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 35
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 2
Total of all active and inactive participants 2014-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 37
Number of participants with account balances 2014-01-01 36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2013: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 39
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 41
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 4
Total of all active and inactive participants 2013-01-01 45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 45
Number of participants with account balances 2013-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 38
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 34
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 3
Total of all active and inactive participants 2012-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 37
Number of participants with account balances 2012-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 34
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 37
Number of participants with account balances 2011-01-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 32
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 34
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 34
Number of participants with account balances 2010-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2014: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	35
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	2
Total of all active and inactive participants	2014-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	37
Number of participants with account balances	2014-01-01	36
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2013: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	39
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	41
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	4
Total of all active and inactive participants	2013-01-01	45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	45
Number of participants with account balances	2013-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	38
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	34
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	3
Total of all active and inactive participants	2012-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	37
Number of participants with account balances	2012-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	34
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	37
Number of participants with account balances	2011-01-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	32
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	34
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	34
Number of participants with account balances	2010-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2014 : COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$210,766
Total plan liabilities at beginning of year	2014-12-31	$271,905
Total income from all sources	2014-12-31	$594,528
Expenses. Total of all expenses incurred	2014-12-31	$96,002
Benefits paid (including direct rollovers)	2014-12-31	$70,262
Total plan assets at end of year	2014-12-31	$4,699,704
Total plan assets at beginning of year	2014-12-31	$4,262,317
Value of fidelity bond covering the plan	2014-12-31	$2,000,000
Total contributions received or receivable from participants	2014-12-31	$158,222
Other income received	2014-12-31	$355,059
Net income (gross income less expenses)	2014-12-31	$498,526
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$4,488,938
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$3,990,412
Assets. Value of employer securities	2014-12-31	$1,567,471
Total contributions received or receivable from employer(s)	2014-12-31	$81,247
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$25,740
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$271,905
Total plan liabilities at beginning of year	2013-12-31	$329,007
Total income from all sources	2013-12-31	$699,651
Expenses. Total of all expenses incurred	2013-12-31	$141,833
Benefits paid (including direct rollovers)	2013-12-31	$99,143
Total plan assets at end of year	2013-12-31	$4,262,317
Total plan assets at beginning of year	2013-12-31	$3,761,601
Value of fidelity bond covering the plan	2013-12-31	$2,000,000
Total contributions received or receivable from participants	2013-12-31	$153,187
Other income received	2013-12-31	$472,809
Net income (gross income less expenses)	2013-12-31	$557,818
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$3,990,412
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,432,594
Assets. Value of employer securities	2013-12-31	$1,402,474
Total contributions received or receivable from employer(s)	2013-12-31	$73,655
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$42,690
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$329,007
Total plan liabilities at beginning of year	2012-12-31	$382,267
Total income from all sources	2012-12-31	$670,871
Expenses. Total of all expenses incurred	2012-12-31	$38,345
Benefits paid (including direct rollovers)	2012-12-31	$6,647
Total plan assets at end of year	2012-12-31	$3,761,601
Total plan assets at beginning of year	2012-12-31	$3,182,335
Value of fidelity bond covering the plan	2012-12-31	$2,000,000
Total contributions received or receivable from participants	2012-12-31	$137,330
Expenses. Other expenses not covered elsewhere	2012-12-31	$25,050
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$468,351
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$632,526
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,432,594
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,800,068
Assets. Value of employer securities	2012-12-31	$1,319,976
Total contributions received or receivable from employer(s)	2012-12-31	$65,190
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$6,648
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$382,267
Total plan liabilities at beginning of year	2011-12-31	$432,080
Total income from all sources	2011-12-31	$316,681
Expenses. Total of all expenses incurred	2011-12-31	$32,551
Total plan assets at end of year	2011-12-31	$3,182,335
Total plan assets at beginning of year	2011-12-31	$2,948,018
Value of fidelity bond covering the plan	2011-12-31	$2,000,000
Total contributions received or receivable from participants	2011-12-31	$134,328
Expenses. Other expenses not covered elsewhere	2011-12-31	$28,496
Contributions received from other sources (not participants or employers)	2011-12-31	$13,422
Other income received	2011-12-31	$104,918
Net income (gross income less expenses)	2011-12-31	$284,130
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,800,068
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,515,938
Assets. Value of employer securities	2011-12-31	$1,229,562
Total contributions received or receivable from employer(s)	2011-12-31	$64,013
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$4,055
2010 : COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$432,080
Total plan liabilities at beginning of year	2010-12-31	$476,392
Total income from all sources	2010-12-31	$563,085
Expenses. Total of all expenses incurred	2010-12-31	$48,983
Benefits paid (including direct rollovers)	2010-12-31	$7,394
Total plan assets at end of year	2010-12-31	$2,948,018
Total plan assets at beginning of year	2010-12-31	$2,478,228
Value of fidelity bond covering the plan	2010-12-31	$2,000,000
Total contributions received or receivable from participants	2010-12-31	$114,575
Expenses. Other expenses not covered elsewhere	2010-12-31	$41,589
Other income received	2010-12-31	$394,545
Net income (gross income less expenses)	2010-12-31	$514,102
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,515,938
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,001,836
Assets. Value of employer securities	2010-12-31	$1,108,064
Total contributions received or receivable from employer(s)	2010-12-31	$53,965
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN

2014: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: COMMUNITY STATE BANK OF GALVA 401(K) & EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	GALVA INVESTMENT, INC.
Employer identification number (EIN):	363219500
NAIC Classification:	522110
NAIC Description:	Commercial Banking