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PROFIT SHARING AND 401K PLAN 401k Plan overview

Plan NamePROFIT SHARING AND 401K PLAN
Plan identification number 001

PROFIT SHARING AND 401K 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

LBT BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:LBT BANCSHARES, INC.
Employer identification number (EIN):371129692
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING AND 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CINDY BERGMAN2024-01-29 CINDY BERGMAN2024-01-29
0012022-01-01BRUCE VIGNOS2023-01-30 BRUCE VIGNOS2023-01-30
0012021-01-01BRUCE VIGNOS2022-03-07 BRUCE VIGNOS2022-03-07
0012020-01-01BRUCE VIGNOS2021-02-01 BRUCE VIGNOS2021-02-01
0012019-01-01BRUCE VIGNOS2020-04-14 BRUCE VIGNOS2020-04-14
0012018-01-01BRUCE VIGNOS2019-06-04 BRUCE VIGNOS2019-06-04
0012017-01-01BRUCE VIGNOS2018-04-11 BRUCE VIGNOS2018-04-11
0012016-01-01BRUCE VIGNOS2017-05-04 BRUCE VIGNOS2017-05-04
0012015-01-01BRUCE VIGNOS2016-07-12 BRUCE VIGNOS2016-07-13
0012014-01-01BRUCE VIGNOS2016-07-28 BRUCE VIGNOS2016-07-28
0012014-01-01BRUCE VIGNOS2016-07-25 BRUCE VIGNOS2016-07-25
0012013-01-01BRUCE VIGNOS2014-04-09 BRUCE VIGNOS2014-04-09
0012012-01-01BRUCE VIGNOS2013-04-26 BRUCE VIGNOS2013-04-26
0012011-01-01BRUCE VIGNOS2012-07-18 BRUCE VIGNOS2012-07-18
0012010-01-01BRUCE VIGNOS2011-07-13 BRUCE VIGNOS2011-07-13

Financial Data on PROFIT SHARING AND 401K PLAN

Measure Date Value
2025 : PROFIT SHARING AND 401K PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-02-180
Total liabilities as of the end of the plan year2025-02-180
Total liabilities as of the beginning of the plan year2025-02-180
Total expenses incurred by plan in this plan year2025-02-182092358
Net assets as of the end of the plan year2025-02-1816377078
Total assets as of the beginning of the plan year2025-02-1814877763
Value of plan covered by a fidelity bond2025-02-1810000
Participant contributions to plan in this plan year2025-02-18436425
Value of participant loans at end of plan year2025-02-18164711
Other expenses paid from plan in this plan year2025-02-180
Other contributions to plan in this plan year2025-02-18945025
Other income to plan in this plan year2025-02-181997256
Plan net income in this plan year2025-02-181499315
Net assets as of the end of the plan year2025-02-1816377078
Net assets as of the beginning of the plan year2025-02-1814877763
Employer contributions to plan in this plan year2025-02-18212967
Fees paid to broker by Benefit Provider2025-02-1818689
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-1811842
2024 : PROFIT SHARING AND 401K PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-01-290
Total liabilities as of the end of the plan year2024-01-290
Total liabilities as of the beginning of the plan year2024-01-290
Total expenses incurred by plan in this plan year2024-01-292475763
Net assets as of the end of the plan year2024-01-2914877763
Total assets as of the beginning of the plan year2024-01-2914256556
Value of plan covered by a fidelity bond2024-01-2910000
Participant contributions to plan in this plan year2024-01-29387866
Value of participant loans at end of plan year2024-01-29182497
Other expenses paid from plan in this plan year2024-01-290
Other contributions to plan in this plan year2024-01-29169491
Other income to plan in this plan year2024-01-292353032
Plan net income in this plan year2024-01-29621207
Net assets as of the end of the plan year2024-01-2914877763
Net assets as of the beginning of the plan year2024-01-2914256556
Value of contributions failed to transmitted timely2024-01-2926143
Employer contributions to plan in this plan year2024-01-29186581
Fees paid to broker by Benefit Provider2024-01-2918830
Expensese paid to adminstrative service provicers from plan in this plan year2024-01-293354

Potentially related plans

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