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EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameEAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN
Plan identification number 003

EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING 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.
  • 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

FIRST RESOURCE BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST RESOURCE BANK
Employer identification number (EIN):390585074
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01CHERYL A BARWIN2019-10-02
0032018-01-01
0032017-01-01CHERYL A BARWIN2018-09-27
0032017-01-01
0032016-01-01CHERYL A BARWIN2017-10-06
0032016-01-01
0032015-01-01CHERYL A BARWIN2016-10-12
0032015-01-01CHERYL A BARWIN2020-01-23
0032014-01-01AMY BAUER2015-07-23
0032013-01-01AMY BAUER2014-07-30
0032012-01-01AMY BAUER2013-03-15
0032011-01-01AMY BAUER2012-03-28
0032010-01-01AMY BAUER2011-07-13

Plan Statistics for EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0164
Total number of active participants reported on line 7a of the Form 55002022-01-0164
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0183
Number of participants with account balances2022-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0158
Total number of active participants reported on line 7a of the Form 55002021-01-0141
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0123
Total of all active and inactive participants2021-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0164
Number of participants with account balances2021-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0162
Total number of active participants reported on line 7a of the Form 55002020-01-0137
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0121
Total of all active and inactive participants2020-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0158
Number of participants with account balances2020-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0158
Total number of active participants reported on line 7a of the Form 55002019-01-0141
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0121
Total of all active and inactive participants2019-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0162
Number of participants with account balances2019-01-0160
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0149
Total number of active participants reported on line 7a of the Form 55002018-01-0141
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0117
Total of all active and inactive participants2018-01-0158
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0158
Number of participants with account balances2018-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0152
Total number of active participants reported on line 7a of the Form 55002017-01-0132
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0119
Total of all active and inactive participants2017-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0151
Number of participants with account balances2017-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0146
Total number of active participants reported on line 7a of the Form 55002016-01-0133
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0119
Total of all active and inactive participants2016-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0152
Number of participants with account balances2016-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0126
Total number of active participants reported on line 7a of the Form 55002015-01-0133
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0113
Total of all active and inactive participants2015-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0146
Number of participants with account balances2015-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011

Financial Data on EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$3,421,244
Expenses. Total of all expenses incurred2022-12-31$610,457
Benefits paid (including direct rollovers)2022-12-31$583,225
Total plan assets at end of year2022-12-31$7,812,246
Total plan assets at beginning of year2022-12-31$5,001,459
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$349,950
Contributions received from other sources (not participants or employers)2022-12-31$1,348,674
Other income received2022-12-31$1,568,148
Net income (gross income less expenses)2022-12-31$2,810,787
Net plan assets at end of year (total assets less liabilities)2022-12-31$7,812,246
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,001,459
Assets. Value of participant loans2022-12-31$396
Assets. Value of employer securities2022-12-31$3,705,743
Total contributions received or receivable from employer(s)2022-12-31$154,472
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$27,232
2021 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$932,931
Expenses. Total of all expenses incurred2021-12-31$363,504
Benefits paid (including direct rollovers)2021-12-31$337,520
Total plan assets at end of year2021-12-31$5,001,459
Total plan assets at beginning of year2021-12-31$4,432,032
Value of fidelity bond covering the plan2021-12-31$878,000
Total contributions received or receivable from participants2021-12-31$285,655
Contributions received from other sources (not participants or employers)2021-12-31$241,636
Other income received2021-12-31$285,980
Net income (gross income less expenses)2021-12-31$569,427
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,001,459
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,432,032
Assets. Value of participant loans2021-12-31$798
Assets. Value of employer securities2021-12-31$1,710,915
Total contributions received or receivable from employer(s)2021-12-31$119,660
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$25,984
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,500,432
Expenses. Total of all expenses incurred2020-12-31$857,948
Benefits paid (including direct rollovers)2020-12-31$847,817
Total plan assets at end of year2020-12-31$4,432,032
Total plan assets at beginning of year2020-12-31$3,789,548
Value of fidelity bond covering the plan2020-12-31$878,000
Total contributions received or receivable from participants2020-12-31$236,095
Contributions received from other sources (not participants or employers)2020-12-31$549,852
Other income received2020-12-31$605,480
Net income (gross income less expenses)2020-12-31$642,484
Net plan assets at end of year (total assets less liabilities)2020-12-31$4,432,032
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,789,548
Assets. Value of participant loans2020-12-31$1,180
Assets. Value of employer securities2020-12-31$1,750,049
Total contributions received or receivable from employer(s)2020-12-31$109,005
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$10,131
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,250,969
Expenses. Total of all expenses incurred2019-12-31$6,238,687
Benefits paid (including direct rollovers)2019-12-31$6,235,125
Total plan assets at end of year2019-12-31$3,789,548
Total plan assets at beginning of year2019-12-31$8,777,266
Value of fidelity bond covering the plan2019-12-31$878,000
Total contributions received or receivable from participants2019-12-31$230,874
Contributions received from other sources (not participants or employers)2019-12-31$589,099
Other income received2019-12-31$330,417
Net income (gross income less expenses)2019-12-31$-4,987,718
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,789,548
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$8,777,266
Assets. Value of participant loans2019-12-31$1,543
Assets. Value of employer securities2019-12-31$1,445,213
Total contributions received or receivable from employer(s)2019-12-31$100,579
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$3,562
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$6,100,597
Expenses. Total of all expenses incurred2018-12-31$109,546
Benefits paid (including direct rollovers)2018-12-31$106,884
Total plan assets at end of year2018-12-31$8,777,266
Total plan assets at beginning of year2018-12-31$2,786,215
Value of fidelity bond covering the plan2018-12-31$350,000
Total contributions received or receivable from participants2018-12-31$163,712
Contributions received from other sources (not participants or employers)2018-12-31$5,933,765
Other income received2018-12-31$-94,765
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$5,991,051
Net plan assets at end of year (total assets less liabilities)2018-12-31$8,777,266
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,786,215
Assets. Value of participant loans2018-12-31$3,966
Assets. Value of employer securities2018-12-31$5,782,203
Total contributions received or receivable from employer(s)2018-12-31$97,885
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,662
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2015 : EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$1,469,702
Expenses. Total of all expenses incurred2015-12-31$143,314
Benefits paid (including direct rollovers)2015-12-31$136,369
Total plan assets at end of year2015-12-31$2,393,248
Total plan assets at beginning of year2015-12-31$1,066,860
Value of fidelity bond covering the plan2015-12-31$350,000
Total contributions received or receivable from participants2015-12-31$85,303
Contributions received from other sources (not participants or employers)2015-12-31$1,367,029
Other income received2015-12-31$-15,879
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$1,326,388
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,393,248
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,066,860
Assets. Value of participant loans2015-12-31$10,571
Assets. Value of employer securities2015-12-31$1,232,631
Total contributions received or receivable from employer(s)2015-12-31$33,249
Value of corrective distributions2015-12-31$5,810
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$1,135

Form 5500 Responses for EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN

2022: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: EAGLE VALLEY BANK, N.A. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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