BANK OF LUXEMBURG has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BANK OF LUXEMBURG EMPLOYEES' RETIREMENT SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2023 : BANK OF LUXEMBURG EMPLOYEES' RETIREMENT SAVINGS PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $2,885,377 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,369,464 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,304,888 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,131,657 |
| Value of total assets at end of year | 2023-12-31 | $13,125,975 |
| Value of total assets at beginning of year | 2023-12-31 | $11,610,062 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $64,576 |
| Total interest from all sources | 2023-12-31 | $1,511 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $128,489 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $128,489 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $8,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $754,120 |
| Participant contributions at end of year | 2023-12-31 | $25,783 |
| Participant contributions at beginning of year | 2023-12-31 | $25,117 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $62,410 |
| Other income not declared elsewhere | 2023-12-31 | $41,688 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $1,515,913 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $13,125,975 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $11,610,062 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $31,483 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $5,706,225 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,330,756 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $4,133,900 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $3,674,456 |
| Interest on participant loans | 2023-12-31 | $1,511 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $3,244,422 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $2,579,733 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $597,877 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $715,354 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $268,801 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $315,127 |
| Employer contributions (assets) at end of year | 2023-12-31 | $15,645 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,304,888 |
| Contract administrator fees | 2023-12-31 | $33,093 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | WIPFLI LLP |
| Accountancy firm EIN | 2023-12-31 | 390758449 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $2,885,377 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $1,369,464 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $1,304,888 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,131,657 |
| Value of total assets at end of year | 2023-01-01 | $13,125,975 |
| Value of total assets at beginning of year | 2023-01-01 | $11,610,062 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $64,576 |
| Total interest from all sources | 2023-01-01 | $1,511 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $128,489 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $128,489 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $8,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $754,120 |
| Participant contributions at end of year | 2023-01-01 | $25,783 |
| Participant contributions at beginning of year | 2023-01-01 | $25,117 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $62,410 |
| Other income not declared elsewhere | 2023-01-01 | $41,688 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $1,515,913 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $13,125,975 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $11,610,062 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $31,483 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $5,706,225 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,330,756 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $4,133,900 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $3,674,456 |
| Interest on participant loans | 2023-01-01 | $1,511 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $3,244,422 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $2,579,733 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $597,877 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $715,354 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $268,801 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $315,127 |
| Employer contributions (assets) at end of year | 2023-01-01 | $15,645 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $1,304,888 |
| Contract administrator fees | 2023-01-01 | $33,093 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | WIPFLI LLP |
| Accountancy firm EIN | 2023-01-01 | 390758449 |
| 2022 : BANK OF LUXEMBURG EMPLOYEES' RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2022-04-13 | 0 |
| Total liabilities as of the end of the plan year | 2022-04-13 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-04-13 | 0 |
| Total expenses incurred by plan in this plan year | 2022-04-13 | 210374 |
| Net assets as of the end of the plan year | 2022-04-13 | 13455480 |
| Total assets as of the beginning of the plan year | 2022-04-13 | 11136492 |
| Value of plan covered by a fidelity bond | 2022-04-13 | 8000000 |
| Participant contributions to plan in this plan year | 2022-04-13 | 676333 |
| Value of participant loans at end of plan year | 2022-04-13 | 28017 |
| Other expenses paid from plan in this plan year | 2022-04-13 | 0 |
| Other contributions to plan in this plan year | 2022-04-13 | 20821 |
| Other income to plan in this plan year | 2022-04-13 | 1564088 |
| Plan net income in this plan year | 2022-04-13 | 2318988 |
| Net assets as of the end of the plan year | 2022-04-13 | 13455480 |
| Net assets as of the beginning of the plan year | 2022-04-13 | 11136492 |
| Employer contributions to plan in this plan year | 2022-04-13 | 268120 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-04-13 | 27273 |
