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FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN
Plan identification number 001

FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING 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.
  • Plan covering Self-Employed individuals.
  • 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.

401k Sponsoring company profile

FIRST NATIONAL BANK OF BAGLEY has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK OF BAGLEY
Employer identification number (EIN):410136323
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012020-01-01
0012019-01-01
0012018-01-01SUE VANMILL2019-07-25
0012017-01-01LORRAINE HAHN2018-05-09
0012016-01-01LORRAINE HAHN2017-06-21
0012015-01-01LORRAINE HAHN2016-08-03
0012014-01-01LORRAINE HAHN2015-05-13
0012013-01-01LORRAINE HAHN2014-05-07
0012012-01-01LORRAINE HAHN2013-05-15
0012011-01-01LORRAINE HAHN2012-05-17
0012010-01-01LORRAINE C. HAHN2011-05-27 LORRAINE C. HAHN2011-05-27

Financial Data on FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN

Measure Date Value
2025 : FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-30147054
Net assets as of the end of the plan year2025-04-303561819
Total assets as of the beginning of the plan year2025-04-303142710
Value of plan covered by a fidelity bond2025-04-302500000
Participant contributions to plan in this plan year2025-04-3098764
Value of participant loans at end of plan year2025-04-3021376
Other income to plan in this plan year2025-04-30361597
Plan net income in this plan year2025-04-30419109
Net assets as of the end of the plan year2025-04-303561819
Net assets as of the beginning of the plan year2025-04-303142710
Employer contributions to plan in this plan year2025-04-30105802
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-3014354
2024 : FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-0140367
Net assets as of the end of the plan year2024-05-013142710
Total assets as of the beginning of the plan year2024-05-012561849
Value of plan covered by a fidelity bond2024-05-012500000
Participant contributions to plan in this plan year2024-05-0189481
Value of participant loans at end of plan year2024-05-0135675
Other income to plan in this plan year2024-05-01426145
Plan net income in this plan year2024-05-01580861
Net assets as of the end of the plan year2024-05-013142710
Net assets as of the beginning of the plan year2024-05-012561849
Employer contributions to plan in this plan year2024-05-01105602
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-0111551
2022 : FIRST NATIONAL BANK OF BAGLEY PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-23641778
Net assets as of the end of the plan year2022-05-232928844
Total assets as of the beginning of the plan year2022-05-233024927
Value of plan covered by a fidelity bond2022-05-232500000
Participant contributions to plan in this plan year2022-05-2377955
Value of participant loans at end of plan year2022-05-2336403
Other income to plan in this plan year2022-05-23365477
Plan net income in this plan year2022-05-23-96083
Net assets as of the end of the plan year2022-05-232928844
Net assets as of the beginning of the plan year2022-05-233024927
Employer contributions to plan in this plan year2022-05-23102263
Fees paid to broker by Benefit Provider2022-05-237119
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-2312477

Potentially related plans

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