401k Plan data: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN plan

FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Stock bonus
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FIRST STATE BANCORP OF MONTICELLO, INC. has sponsored the creation of one or more 401k plans.

Company Name: FIRST STATE BANCORP OF MONTICELLO, INC.

Employer identification number (EIN): 371142968

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 MICHAEL ATWOOD 2023-10-16 MICHAEL ATWOOD 2023-10-16
002 2021-01-01 MICHAEL ATWOOD 2022-10-17 MICHAEL ATWOOD 2022-10-17
002 2020-01-01 MICHAEL ATWOOD 2021-10-14 MICHAEL ATWOOD 2021-10-14
002 2019-01-01 MICHAEL ATWOOD 2020-10-09 MICHAEL ATWOOD 2020-10-09
002 2018-01-01 MICHAEL ATWOOD 2019-10-15 MICHAEL ATWOOD 2019-10-15
002 2017-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01 MICHAEL ATWOOD MICHAEL ATWOOD 2016-10-14
002 2014-01-01 MICHAEL ATWOOD MICHAEL ATWOOD 2015-10-02
002 2013-01-01 MICHAEL ATWOOD MICHAEL ATWOOD 2014-08-26
002 2012-01-01 MARK OTTESEN, CPA MARK OTTESEN, CPA 2013-10-03
002 2011-01-01 MICHAEL W. ATWOOD MICHAEL W. ATWOOD 2012-07-19
002 2009-01-01 MICHAEL W. ATWOOD

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	MICHAEL ATWOOD	2023-10-16	MICHAEL ATWOOD	2023-10-16
002	2021-01-01	MICHAEL ATWOOD	2022-10-17	MICHAEL ATWOOD	2022-10-17
002	2020-01-01	MICHAEL ATWOOD	2021-10-14	MICHAEL ATWOOD	2021-10-14
002	2019-01-01	MICHAEL ATWOOD	2020-10-09	MICHAEL ATWOOD	2020-10-09
002	2018-01-01	MICHAEL ATWOOD	2019-10-15	MICHAEL ATWOOD	2019-10-15
002	2017-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01	MICHAEL ATWOOD		MICHAEL ATWOOD	2016-10-14
002	2014-01-01	MICHAEL ATWOOD		MICHAEL ATWOOD	2015-10-02
002	2013-01-01	MICHAEL ATWOOD		MICHAEL ATWOOD	2014-08-26
002	2012-01-01	MARK OTTESEN, CPA		MARK OTTESEN, CPA	2013-10-03
002	2011-01-01	MICHAEL W. ATWOOD		MICHAEL W. ATWOOD	2012-07-19
002	2009-01-01	MICHAEL W. ATWOOD

Plan Statistics for FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 85
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 64
Number of other retired or separated participants entitled to future benefits 2022-01-01 8
Total of all active and inactive participants 2022-01-01 72
Total participants 2022-01-01 72
Number of participants with account balances 2022-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 7
2021: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 66
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 9
Total of all active and inactive participants 2021-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 75
Number of participants with account balances 2021-01-01 75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 3
2020: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 80
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 66
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 6
Total of all active and inactive participants 2020-01-01 72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 72
Number of participants with account balances 2020-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 65
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 17
Total of all active and inactive participants 2019-01-01 82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 83
Number of participants with account balances 2019-01-01 83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4
2018: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 86
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 68
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 21
Total of all active and inactive participants 2018-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 89
Number of participants with account balances 2018-01-01 88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 4
2017: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 74
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 61
Number of other retired or separated participants entitled to future benefits 2017-01-01 6
Total of all active and inactive participants 2017-01-01 67
Total participants 2017-01-01 67
Number of participants with account balances 2017-01-01 66
2016: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 62
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 14
Total of all active and inactive participants 2016-01-01 76
Total participants 2016-01-01 76
Number of participants with account balances 2016-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 81
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 2
Total of all active and inactive participants 2015-01-01 83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 83
Number of participants with account balances 2015-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 2
2014: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 78
Number of retired or separated participants receiving benefits 2014-01-01 1
Number of other retired or separated participants entitled to future benefits 2014-01-01 7
Total of all active and inactive participants 2014-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 86
Number of participants with account balances 2014-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 2
2013: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 80
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 10
Total of all active and inactive participants 2013-01-01 91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 91
Number of participants with account balances 2013-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 3
2012: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 55
Number of retired or separated participants receiving benefits 2012-01-01 6
Number of other retired or separated participants entitled to future benefits 2012-01-01 2
Total of all active and inactive participants 2012-01-01 63
Total participants 2012-01-01 63
Number of participants with account balances 2012-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 3
2011: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 70
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 57
Number of other retired or separated participants entitled to future benefits 2011-01-01 1
Total of all active and inactive participants 2011-01-01 58
Total participants 2011-01-01 58
Number of participants with account balances 2011-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2009: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 65
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 58
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 2
Total of all active and inactive participants 2009-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 60
Number of participants with account balances 2009-01-01 41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	85
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	64
Number of other retired or separated participants entitled to future benefits	2022-01-01	8
Total of all active and inactive participants	2022-01-01	72
Total participants	2022-01-01	72
Number of participants with account balances	2022-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	7
2021: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	66
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	9
Total of all active and inactive participants	2021-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	75
Number of participants with account balances	2021-01-01	75
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	3
2020: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	80
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	66
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	6
Total of all active and inactive participants	2020-01-01	72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	72
Number of participants with account balances	2020-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	65
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	17
Total of all active and inactive participants	2019-01-01	82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	83
Number of participants with account balances	2019-01-01	83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4
2018: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	86
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	68
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	21
Total of all active and inactive participants	2018-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	89
Number of participants with account balances	2018-01-01	88
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	4
2017: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	74
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	61
Number of other retired or separated participants entitled to future benefits	2017-01-01	6
Total of all active and inactive participants	2017-01-01	67
Total participants	2017-01-01	67
Number of participants with account balances	2017-01-01	66
2016: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	62
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	14
Total of all active and inactive participants	2016-01-01	76
Total participants	2016-01-01	76
Number of participants with account balances	2016-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	81
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	2
Total of all active and inactive participants	2015-01-01	83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	83
Number of participants with account balances	2015-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	2
2014: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	78
Number of retired or separated participants receiving benefits	2014-01-01	1
Number of other retired or separated participants entitled to future benefits	2014-01-01	7
Total of all active and inactive participants	2014-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	86
Number of participants with account balances	2014-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	2
2013: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	80
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	10
Total of all active and inactive participants	2013-01-01	91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	91
Number of participants with account balances	2013-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	3
2012: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	55
Number of retired or separated participants receiving benefits	2012-01-01	6
Number of other retired or separated participants entitled to future benefits	2012-01-01	2
Total of all active and inactive participants	2012-01-01	63
Total participants	2012-01-01	63
Number of participants with account balances	2012-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	3
2011: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	70
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	57
Number of other retired or separated participants entitled to future benefits	2011-01-01	1
Total of all active and inactive participants	2011-01-01	58
Total participants	2011-01-01	58
Number of participants with account balances	2011-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2009: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	65
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	58
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	2
Total of all active and inactive participants	2009-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	60
Number of participants with account balances	2009-01-01	41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$19,763,735
Total plan liabilities at beginning of year	2022-12-31	$19,974,351
Total income from all sources	2022-12-31	$3,501,119
Expenses. Total of all expenses incurred	2022-12-31	$1,172,391
Benefits paid (including direct rollovers)	2022-12-31	$693,007
Total plan assets at end of year	2022-12-31	$24,867,047
Total plan assets at beginning of year	2022-12-31	$22,748,935
Value of fidelity bond covering the plan	2022-12-31	$5,000,000
Expenses. Other expenses not covered elsewhere	2022-12-31	$479,384
Other income received	2022-12-31	$2,213,245
Noncash contributions received	2022-12-31	$381,604
Net income (gross income less expenses)	2022-12-31	$2,328,728
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,103,312
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$2,774,584
Assets. Value of employer securities	2022-12-31	$24,552,500
Total contributions received or receivable from employer(s)	2022-12-31	$906,270
2021 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year	2021-12-31	$19,974,351
Total plan liabilities at beginning of year	2021-12-31	$20,238,624
Total income from all sources	2021-12-31	$633,885
Expenses. Total of all expenses incurred	2021-12-31	$1,262,427
Benefits paid (including direct rollovers)	2021-12-31	$776,700
Total plan assets at end of year	2021-12-31	$22,748,935
Total plan assets at beginning of year	2021-12-31	$23,641,750
Value of fidelity bond covering the plan	2021-12-31	$5,000,000
Expenses. Other expenses not covered elsewhere	2021-12-31	$485,727
Other income received	2021-12-31	$-612,923
Noncash contributions received	2021-12-31	$598,156
Net income (gross income less expenses)	2021-12-31	$-628,542
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$2,774,584
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,403,126
Assets. Value of employer securities	2021-12-31	$22,417,500
Total contributions received or receivable from employer(s)	2021-12-31	$648,652
2020 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$20,238,624
Total plan liabilities at beginning of year	2020-12-31	$20,496,703
Total income from all sources	2020-12-31	$-1,150,487
Expenses. Total of all expenses incurred	2020-12-31	$896,780
Benefits paid (including direct rollovers)	2020-12-31	$425,704
Total plan assets at end of year	2020-12-31	$23,641,750
Total plan assets at beginning of year	2020-12-31	$25,947,096
Value of fidelity bond covering the plan	2020-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2020-12-31	$471,076
Other income received	2020-12-31	$-2,440,000
Noncash contributions received	2020-12-31	$384,364
Net income (gross income less expenses)	2020-12-31	$-2,047,267
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,403,126
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$5,450,393
Assets. Value of employer securities	2020-12-31	$23,180,000
Total contributions received or receivable from employer(s)	2020-12-31	$905,149
2019 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$20,496,703
Total plan liabilities at beginning of year	2019-12-31	$20,732,765
Total income from all sources	2019-12-31	$1,654,062
Expenses. Total of all expenses incurred	2019-12-31	$1,200,702
Benefits paid (including direct rollovers)	2019-12-31	$956,040
Total plan assets at end of year	2019-12-31	$25,947,096
Total plan assets at beginning of year	2019-12-31	$25,729,798
Value of fidelity bond covering the plan	2019-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2019-12-31	$244,662
Other income received	2019-12-31	$457,500
Net income (gross income less expenses)	2019-12-31	$453,360
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$5,450,393
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$4,997,033
Assets. Value of employer securities	2019-12-31	$25,620,000
Total contributions received or receivable from employer(s)	2019-12-31	$1,196,562
2018 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$20,732,765
Total plan liabilities at beginning of year	2018-12-31	$20,732,765
Total income from all sources	2018-12-31	$1,744,576
Expenses. Total of all expenses incurred	2018-12-31	$770,744
Benefits paid (including direct rollovers)	2018-12-31	$457,706
Total plan assets at end of year	2018-12-31	$25,729,798
Total plan assets at beginning of year	2018-12-31	$24,755,966
Value of fidelity bond covering the plan	2018-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2018-12-31	$313,038
Other income received	2018-12-31	$610,000
Net income (gross income less expenses)	2018-12-31	$973,832
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$4,997,033
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$4,023,201
Assets. Value of employer securities	2018-12-31	$25,162,500
Total contributions received or receivable from employer(s)	2018-12-31	$1,134,576
2017 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year	2017-12-31	$20,732,765
Total plan liabilities at beginning of year	2017-12-31	$20,732,765
Total income from all sources	2017-12-31	$6,834,973
Expenses. Total of all expenses incurred	2017-12-31	$1,243,468
Benefits paid (including direct rollovers)	2017-12-31	$292,059
Total plan assets at end of year	2017-12-31	$24,725,414
Total plan assets at beginning of year	2017-12-31	$19,133,909
Value of fidelity bond covering the plan	2017-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2017-12-31	$951,409
Other income received	2017-12-31	$5,795,000
Net income (gross income less expenses)	2017-12-31	$5,591,505
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$3,992,649
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$-1,598,856
Assets. Value of employer securities	2017-12-31	$24,552,500
Total contributions received or receivable from employer(s)	2017-12-31	$1,039,973
2016 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$20,732,765
Total plan liabilities at beginning of year	2016-12-31	$21,420,243
Total income from all sources	2016-12-31	$2,705,224
Expenses. Total of all expenses incurred	2016-12-31	$242,456
Benefits paid (including direct rollovers)	2016-12-31	$1,316
Total plan assets at end of year	2016-12-31	$19,133,909
Total plan assets at beginning of year	2016-12-31	$17,358,619
Value of fidelity bond covering the plan	2016-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2016-12-31	$241,140
Other income received	2016-12-31	$1,677,500
Net income (gross income less expenses)	2016-12-31	$2,462,768
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$-1,598,856
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$-4,061,624
Assets. Value of employer securities	2016-12-31	$18,757,500
Total contributions received or receivable from employer(s)	2016-12-31	$1,027,724
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$21,420,243
Total plan liabilities at beginning of year	2015-12-31	$21,682,523
Total income from all sources	2015-12-31	$445,469
Expenses. Total of all expenses incurred	2015-12-31	$640,553
Benefits paid (including direct rollovers)	2015-12-31	$31,045
Total plan assets at end of year	2015-12-31	$17,358,619
Total plan assets at beginning of year	2015-12-31	$17,815,983
Value of fidelity bond covering the plan	2015-12-31	$3,000,000
Total contributions received or receivable from participants	2015-12-31	$0
Expenses. Other expenses not covered elsewhere	2015-12-31	$609,508
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$-457,015
Noncash contributions received	2015-12-31	$878,619
Net income (gross income less expenses)	2015-12-31	$-195,084
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$-4,061,624
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$-3,866,540
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2015-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2015-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2015-12-31	$0
Assets. Value of employer securities	2015-12-31	$17,080,000
Total contributions received or receivable from employer(s)	2015-12-31	$23,865
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$18,547
2014 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$21,682,523
Total plan liabilities at beginning of year	2014-12-31	$21,446,031
Total income from all sources	2014-12-31	$1,695,107
Expenses. Total of all expenses incurred	2014-12-31	$897,182
Benefits paid (including direct rollovers)	2014-12-31	$213,602
Total plan assets at end of year	2014-12-31	$17,815,983
Total plan assets at beginning of year	2014-12-31	$16,781,566
Value of fidelity bond covering the plan	2014-12-31	$3,000,000
Total contributions received or receivable from participants	2014-12-31	$0
Expenses. Other expenses not covered elsewhere	2014-12-31	$683,580
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$753,436
Noncash contributions received	2014-12-31	$208,502
Net income (gross income less expenses)	2014-12-31	$797,925
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$-3,866,540
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$-4,664,465
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2014-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2014-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2014-12-31	$0
Assets. Value of employer securities	2014-12-31	$17,537,500
Total contributions received or receivable from employer(s)	2014-12-31	$733,169
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$199,437
2013 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$-137,603
Total plan liabilities at end of year	2013-12-31	$21,446,031
Total plan liabilities at beginning of year	2013-12-31	$21,656,280
Total income from all sources	2013-12-31	$-260,881
Expenses. Total of all expenses incurred	2013-12-31	$519,834
Benefits paid (including direct rollovers)	2013-12-31	$83
Total plan assets at end of year	2013-12-31	$16,781,566
Total plan assets at beginning of year	2013-12-31	$17,910,133
Value of fidelity bond covering the plan	2013-12-31	$3,000,000
Total contributions received or receivable from participants	2013-12-31	$0
Expenses. Other expenses not covered elsewhere	2013-12-31	$519,751
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$-1,128,484
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$-780,715
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$-4,664,465
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$-3,746,147
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2013-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2013-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2013-12-31	$0
Assets. Value of employer securities	2013-12-31	$16,775,000
Total contributions received or receivable from employer(s)	2013-12-31	$867,603
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$2,484,297
Total plan liabilities at end of year	2012-12-31	$21,656,280
Total income from all sources	2012-12-31	$-13,130,973
Expenses. Total of all expenses incurred	2012-12-31	$911,337
Benefits paid (including direct rollovers)	2012-12-31	$904,450
Total plan assets at end of year	2012-12-31	$17,910,133
Total plan assets at beginning of year	2012-12-31	$7,811,866
Value of fidelity bond covering the plan	2012-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2012-12-31	$6,887
Other income received	2012-12-31	$-13,272,973
Net income (gross income less expenses)	2012-12-31	$-14,042,310
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$-3,746,147
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$7,811,866
Assets. Value of employer securities	2012-12-31	$17,903,500
Total contributions received or receivable from employer(s)	2012-12-31	$142,000
2011 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$775,344
Expenses. Total of all expenses incurred	2011-12-31	$388,671
Benefits paid (including direct rollovers)	2011-12-31	$372,596
Total plan assets at end of year	2011-12-31	$7,811,866
Total plan assets at beginning of year	2011-12-31	$7,425,193
Value of fidelity bond covering the plan	2011-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2011-12-31	$16,075
Other income received	2011-12-31	$775,344
Net income (gross income less expenses)	2011-12-31	$386,673
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$7,811,866
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$7,425,193
Assets. Value of employer securities	2011-12-31	$7,196,500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$311,705
Expenses. Total of all expenses incurred	2010-12-31	$633,153
Benefits paid (including direct rollovers)	2010-12-31	$627,694
Total plan assets at end of year	2010-12-31	$7,425,193
Total plan assets at beginning of year	2010-12-31	$7,746,641
Value of fidelity bond covering the plan	2010-12-31	$3,000,000
Expenses. Other expenses not covered elsewhere	2010-12-31	$2,594
Other income received	2010-12-31	$311,705
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$-321,448
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$7,425,193
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$7,746,641
Assets. Value of employer securities	2010-12-31	$6,395,400
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$2,865
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FIRST STATE BANCORP OF MONTICELLO, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	FIRST STATE BANCORP OF MONTICELLO, INC.
Employer identification number (EIN):	371142968
NAIC Classification:	522110
NAIC Description:	Commercial Banking