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THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN
Plan identification number 001

THE FIRST NATIONAL BANK OF NOKOMIS 401(K) 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.
  • 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

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

Company Name:THE FIRST NATIONAL BANK OF NOKOMIS
Employer identification number (EIN):370442016
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01

Financial Data on THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-17232469
Net assets as of the end of the plan year2025-04-171119038
Total assets as of the beginning of the plan year2025-04-171115666
Value of plan covered by a fidelity bond2025-04-173000000
Participant contributions to plan in this plan year2025-04-1790701
Value of participant loans at end of plan year2025-04-1738577
Other income to plan in this plan year2025-04-1783643
Plan net income in this plan year2025-04-173372
Net assets as of the end of the plan year2025-04-171119038
Net assets as of the beginning of the plan year2025-04-171115666
Employer contributions to plan in this plan year2025-04-1761497
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-173160
2024 : THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-0979350
Net assets as of the end of the plan year2024-02-091115666
Total assets as of the beginning of the plan year2024-02-09956339
Value of plan covered by a fidelity bond2024-02-093000000
Participant contributions to plan in this plan year2024-02-0972451
Value of participant loans at end of plan year2024-02-095287
Other income to plan in this plan year2024-02-09114609
Plan net income in this plan year2024-02-09159327
Net assets as of the end of the plan year2024-02-091115666
Net assets as of the beginning of the plan year2024-02-09956339
Employer contributions to plan in this plan year2024-02-0951617
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-093001
2022 : THE FIRST NATIONAL BANK OF NOKOMIS 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-17265662
Net assets as of the end of the plan year2022-02-17978238
Total assets as of the beginning of the plan year2022-02-171059064
Value of plan covered by a fidelity bond2022-02-173000000
Participant contributions to plan in this plan year2022-02-1758163
Value of participant loans at end of plan year2022-02-1723034
Other income to plan in this plan year2022-02-1777814
Plan net income in this plan year2022-02-17-80826
Net assets as of the end of the plan year2022-02-17978238
Net assets as of the beginning of the plan year2022-02-171059064
Employer contributions to plan in this plan year2022-02-1748859
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-172908

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