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THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN
Plan identification number 003

THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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 NEIGHBOR BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name:FIRST NEIGHBOR BANK, N.A.
Employer identification number (EIN):370274510
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01LACEY JAMES, VP2024-07-08 LACEY JAMES, VP2024-07-08
0032022-01-01LACEY JAMES2023-08-01 LACEY JAMES2023-08-01

Financial Data on THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-28302364
Net assets as of the end of the plan year2025-07-286920353
Total assets as of the beginning of the plan year2025-07-285740708
Value of plan covered by a fidelity bond2025-07-286000000
Participant contributions to plan in this plan year2025-07-28354712
Value of participant loans at end of plan year2025-07-289607
Other income to plan in this plan year2025-07-281012701
Plan net income in this plan year2025-07-281179645
Net assets as of the end of the plan year2025-07-286920353
Net assets as of the beginning of the plan year2025-07-285740708
Employer contributions to plan in this plan year2025-07-28114596
Fees paid to broker by Benefit Provider2025-07-2831259
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2837051
2024 : THE FIRST NATIONAL BANK IN TOLEDO PROFIT SHARING AND 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-08542232
Net assets as of the end of the plan year2024-07-085740708
Total assets as of the beginning of the plan year2024-07-084800331
Value of plan covered by a fidelity bond2024-07-084000000
Participant contributions to plan in this plan year2024-07-08329143
Value of participant loans at end of plan year2024-07-0814001
Other contributions to plan in this plan year2024-07-089727
Other income to plan in this plan year2024-07-081035687
Plan net income in this plan year2024-07-08940377
Net assets as of the end of the plan year2024-07-085740708
Net assets as of the beginning of the plan year2024-07-084800331
Employer contributions to plan in this plan year2024-07-08108052
Fees paid to broker by Benefit Provider2024-07-0823926
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-0823476

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