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FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameFIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST
Plan identification number 001

FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FIRST NATIONAL BANK OF CHRISMAN
Employer identification number (EIN):370216147
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01GEORGE J. LAUBNER JOHN A. HELLNER2010-07-13

Plan Statistics for FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST

Measure Date Value
2009: FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01395
Total number of active participants reported on line 7a of the Form 55002009-01-01243
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01165
Total of all active and inactive participants2009-01-01408
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01409
Number of participants with account balances2009-01-01409
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST

Measure Date Value
2010 : FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,532,007
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$950,157
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$935,661
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,000,172
Value of total assets at end of year2010-12-31$7,982,125
Value of total assets at beginning of year2010-12-31$7,400,275
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$14,496
Total interest from all sources2010-12-31$25,710
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$54,972
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$54,972
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$602,126
Participant contributions at end of year2010-12-31$880
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$57
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$16,199
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$21,363
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$581,850
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,982,125
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,400,275
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$384
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$3,138,542
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,342,095
Value of interest in common/collective trusts at end of year2010-12-31$575,410
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$3,882,882
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$4,036,817
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$4,036,817
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$25,710
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$407,033
Net investment gain or loss from common/collective trusts2010-12-31$44,120
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$397,989
Employer contributions (assets) at end of year2010-12-31$368,212
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$935,661
Contract administrator fees2010-12-31$14,112
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31SIKICH L.L.P.
Accountancy firm EIN2010-12-31361368081
2009 : FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST 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 NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST

2009: FIRST NATIONAL BANK OF CHRISMAN, ETAL EMPLOYEES 401K PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entityMulitple 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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