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THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST
Plan identification number 001

THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST 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.
  • Plan covering Self-Employed individuals.
  • 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

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

Company Name:THE FIRST NATIONAL BANK OF ALLENDALE
Employer identification number (EIN):370151615
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PLAN SPONSOR2024-06-11
0012022-01-01PLAN SPONSOR2023-09-05
0012021-01-01PLAN SPONSOR2022-07-15
0012020-01-01PLAN SPONSOR2021-09-02
0012019-01-01PLAN SPONSOR2020-06-30
0012018-01-01PLAN SPONSOR2019-05-15
0012017-01-01PLAN SPONSOR2018-05-24
0012016-01-01PLAN SPONSOR2017-06-12
0012015-01-01PLAN SPONSOR2016-05-11
0012014-01-01PLAN SPONSOR2015-07-14

Financial Data on THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-110
Total liabilities as of the end of the plan year2025-06-110
Total liabilities as of the beginning of the plan year2025-06-110
Total expenses incurred by plan in this plan year2025-06-11903158
Net assets as of the end of the plan year2025-06-114676503
Total assets as of the beginning of the plan year2025-06-114675170
Value of plan covered by a fidelity bond2025-06-115000000
Participant contributions to plan in this plan year2025-06-11146613
Value of participant loans at end of plan year2025-06-1162153
Other expenses paid from plan in this plan year2025-06-110
Other contributions to plan in this plan year2025-06-110
Other income to plan in this plan year2025-06-11577978
Plan net income in this plan year2025-06-111333
Net assets as of the end of the plan year2025-06-114676503
Net assets as of the beginning of the plan year2025-06-114675170
Employer contributions to plan in this plan year2025-06-11179900
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-1130475
2024 : THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-110
Total liabilities as of the end of the plan year2024-06-110
Total liabilities as of the beginning of the plan year2024-06-110
Total expenses incurred by plan in this plan year2024-06-11127485
Net assets as of the end of the plan year2024-06-114675170
Total assets as of the beginning of the plan year2024-06-113917391
Value of plan covered by a fidelity bond2024-06-113000000
Participant contributions to plan in this plan year2024-06-11135909
Value of participant loans at end of plan year2024-06-1141997
Other expenses paid from plan in this plan year2024-06-110
Other contributions to plan in this plan year2024-06-110
Other income to plan in this plan year2024-06-11577627
Plan net income in this plan year2024-06-11757779
Net assets as of the end of the plan year2024-06-114675170
Net assets as of the beginning of the plan year2024-06-113917391
Employer contributions to plan in this plan year2024-06-11171728
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-1125896
2022 : THE FIRST NATIONAL BANK OF ALLENDALE PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-150
Total liabilities as of the end of the plan year2022-07-150
Total liabilities as of the beginning of the plan year2022-07-150
Total expenses incurred by plan in this plan year2022-07-15133552
Net assets as of the end of the plan year2022-07-154521316
Total assets as of the beginning of the plan year2022-07-153856024
Value of plan covered by a fidelity bond2022-07-153000000
Participant contributions to plan in this plan year2022-07-15116565
Value of participant loans at end of plan year2022-07-1542089
Other expenses paid from plan in this plan year2022-07-150
Other contributions to plan in this plan year2022-07-150
Other income to plan in this plan year2022-07-15541155
Plan net income in this plan year2022-07-15665292
Net assets as of the end of the plan year2022-07-154521316
Net assets as of the beginning of the plan year2022-07-153856024
Employer contributions to plan in this plan year2022-07-15141124
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-1525120

Potentially related plans

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