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THE FIRST NATIONAL BANK OF BARRY PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF BARRY PROFIT SHARING PLAN
Plan identification number 003

THE FIRST NATIONAL BANK OF BARRY 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.
  • 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.
  • 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

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

Company Name:FIRST NATIONAL BANK OF BARRY
Employer identification number (EIN):370274555
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01
0032022-01-01ROBERT E. GARNER2023-06-06
0032021-01-01ROBERT E. GARNER2022-07-11
0032020-01-01ROBERT E. GARNER2021-09-16
0032019-01-01ROBERT GARNER2020-10-20
0032018-01-01ROBERT GARNER2019-10-04
0032017-01-01ROBERT GARNER2018-10-05
0032016-01-01DAVID KNEPPER2017-09-28
0032015-01-01DAVID KNEPPER2016-09-13
0032014-01-01DAVID KNEPPER2015-08-28
0032013-01-01DAVID L. KNEPPER2014-07-15
0032012-01-01DAVID KNEPPER2013-10-15
0032011-01-01DAVID KNEPPER2012-08-22

Financial Data on THE FIRST NATIONAL BANK OF BARRY PROFIT SHARING PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF BARRY PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-07-170
Total liabilities as of the beginning of the plan year2025-07-170
Total expenses incurred by plan in this plan year2025-07-17121551
Net assets as of the end of the plan year2025-07-173072737
Total assets as of the beginning of the plan year2025-07-172664157
Value of plan covered by a fidelity bond2025-07-172050000
Participant contributions to plan in this plan year2025-07-17155856
Value of participant loans at end of plan year2025-07-1760708
Other contributions to plan in this plan year2025-07-170
Other income to plan in this plan year2025-07-17274275
Plan net income in this plan year2025-07-17408580
Net assets as of the end of the plan year2025-07-173072737
Net assets as of the beginning of the plan year2025-07-172664157
Employer contributions to plan in this plan year2025-07-17100000
2024 : THE FIRST NATIONAL BANK OF BARRY PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-310
Total liabilities as of the beginning of the plan year2024-07-310
Total expenses incurred by plan in this plan year2024-07-31283178
Net assets as of the end of the plan year2024-07-312664157
Total assets as of the beginning of the plan year2024-07-312406333
Value of plan covered by a fidelity bond2024-07-311000000
Participant contributions to plan in this plan year2024-07-31160957
Value of participant loans at end of plan year2024-07-3165712
Other contributions to plan in this plan year2024-07-310
Other income to plan in this plan year2024-07-31280045
Plan net income in this plan year2024-07-31257824
Net assets as of the end of the plan year2024-07-312664157
Net assets as of the beginning of the plan year2024-07-312406333
Employer contributions to plan in this plan year2024-07-31100000
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-31611

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