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STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN 401k Plan overview

Plan NameSTATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN
Plan identification number 002

STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:STATE BANK OF WATERLOO
Employer identification number (EIN):370532990
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01KELLY KUEKER2024-05-20
0022022-01-01KELLY KUEKER2023-10-10
0022021-01-01DIANE RAMEY2022-05-05
0022020-01-01DIANE RAMEY2021-07-23
0022019-01-01DIANE RAMEY2020-08-13
0022018-01-01DIANE RAMEY2019-08-21
0022017-01-01DIANE RAMEY2018-06-20
0022016-01-01DIANE RAMEY2017-07-17 DIANE RAMEY2017-07-17
0022015-01-01DIANE RAMEY2016-07-19 DIANE RAMEY2016-07-19
0022014-01-01DIANE RAMEY2015-08-03
0022013-01-01DIANE RAMEY2014-07-10
0022012-01-01DIANE RAMEY2013-06-10 MARK ALTADONNA2013-06-10
0022011-01-01DIANE RAMEY2012-04-19 MARK ALTADONNA2012-04-19
0022010-01-01KAREN JACOBUS2011-07-08 MARK ALTADONNA2011-07-08

Financial Data on STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN

Measure Date Value
2025 : STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-01133926
Net assets as of the end of the plan year2025-08-014266927
Total assets as of the beginning of the plan year2025-08-013475625
Value of plan covered by a fidelity bond2025-08-012300000
Participant contributions to plan in this plan year2025-08-01207052
Value of participant loans at end of plan year2025-08-0143521
Other income to plan in this plan year2025-08-01599440
Plan net income in this plan year2025-08-01791302
Net assets as of the end of the plan year2025-08-014266927
Net assets as of the beginning of the plan year2025-08-013475625
Employer contributions to plan in this plan year2025-08-01118736
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-0129915
2024 : STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-20576385
Net assets as of the end of the plan year2024-05-203475625
Total assets as of the beginning of the plan year2024-05-203053662
Value of plan covered by a fidelity bond2024-05-202300000
Participant contributions to plan in this plan year2024-05-20219342
Value of participant loans at end of plan year2024-05-206989
Other income to plan in this plan year2024-05-20656145
Plan net income in this plan year2024-05-20421963
Net assets as of the end of the plan year2024-05-203475625
Net assets as of the beginning of the plan year2024-05-203053662
Employer contributions to plan in this plan year2024-05-20122861
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-2026233
2022 : STATE BANK OF WATERLOO EMPLOYEE 401K SAVINGS PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-05458612
Net assets as of the end of the plan year2022-05-053888713
Total assets as of the beginning of the plan year2022-05-053496387
Value of plan covered by a fidelity bond2022-05-052300000
Participant contributions to plan in this plan year2022-05-05213658
Value of participant loans at end of plan year2022-05-0520271
Other contributions to plan in this plan year2022-05-052698
Other income to plan in this plan year2022-05-05515253
Plan net income in this plan year2022-05-05392326
Net assets as of the end of the plan year2022-05-053888713
Net assets as of the beginning of the plan year2022-05-053496387
Employer contributions to plan in this plan year2022-05-05119329
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-0530537

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