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THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN
Plan identification number 001

THE ANDERSON STATE BANK EMPLOYEES' 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.
  • 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

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

Company Name:ANDERSON STATE BANK
Employer identification number (EIN):370155660
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RICHARD D. ANDERSON2024-04-22
0012022-01-01RICHARD D. ANDERSON2023-05-19
0012021-01-01RICHARD D. ANDERSON2022-04-27
0012020-01-01RICHARD D. ANDERSON2021-07-27
0012019-01-01RICHARD D. ANDERSON2020-02-05
0012018-01-01
0012017-01-01
0012016-01-01
0012013-01-01RICHARD ANDERSON2014-03-27
0012012-01-01RICHARD ANDERSON2013-01-16
0012011-01-01RICHARD ANDERSON2012-03-26
0012010-01-01RICHARD ANDERSON2011-02-17

Plan Statistics for THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN

401k plan membership statisitcs for THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2025: THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-0310
Total number of particpants at end of year2025-04-0310
Number of Participants With Account Balances2025-04-0310
2024: THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-04-2210
Total number of particpants at end of year2024-04-2210
Number of Participants With Account Balances2024-04-2210

Financial Data on THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN

Measure Date Value
2025 : THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-0343608
Net assets as of the end of the plan year2025-04-034016522
Total assets as of the beginning of the plan year2025-04-033536286
Value of plan covered by a fidelity bond2025-04-03500000
Participant contributions to plan in this plan year2025-04-0344300
Other income to plan in this plan year2025-04-03390467
Plan net income in this plan year2025-04-03480236
Net assets as of the end of the plan year2025-04-034016522
Net assets as of the beginning of the plan year2025-04-033536286
Employer contributions to plan in this plan year2025-04-0389077
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-03300
2024 : THE ANDERSON STATE BANK EMPLOYEES' PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-2236089
Net assets as of the end of the plan year2024-04-223536286
Total assets as of the beginning of the plan year2024-04-222970934
Value of plan covered by a fidelity bond2024-04-22500000
Participant contributions to plan in this plan year2024-04-2236400
Other income to plan in this plan year2024-04-22485718
Plan net income in this plan year2024-04-22565352
Net assets as of the end of the plan year2024-04-223536286
Net assets as of the beginning of the plan year2024-04-222970934
Employer contributions to plan in this plan year2024-04-2279323
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-22405

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