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FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN
Plan identification number 002

FIRST COMMUNITY BANK 401(K) 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.
  • 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 COMMUNITY BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST COMMUNITY BANK
Employer identification number (EIN):410250720
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01MONICA LEMKE2024-07-22 MONICA LEMKE2024-07-22
0022022-01-01MONICA LEMKE2023-07-13 MONICA LEMKE2023-07-13
0022021-01-01MONICA LEMKE2022-06-16 MONICA LEMKE2022-06-16
0022020-01-01MONICA LEMKE2021-04-06 MONICA LEMKE2021-04-06
0022019-01-01SHEILA REYNOLDS2020-08-04 SHEILA REYNOLDS2020-08-04
0022018-01-01MONICA LEMKE2019-04-09 MONICA LEMKE2019-04-09
0022017-01-01SHEILA JILEK2018-02-09 SHEILA JILEK2018-02-09
0022016-01-01SHEILA JILEK2017-02-09 SHEILA JILEK2017-02-09
0022015-01-01SHEILA JILEK2016-03-25 SHEILA JILEK2016-03-25
0022014-01-01SHEILA JILEK2015-02-09 SHEILA JILEK2015-02-09
0022013-01-01SHEILA JILEK2014-03-26 SHEILA JILEK2014-03-26
0022012-01-01SHEILA JILEK2013-05-23 SHEILA JILEK2013-05-23
0022011-01-01SHEILA JILEK2012-04-02 SHEILA JILEK2012-04-02
0022010-01-01SHEILA JILEK2011-05-24 SHEILA JILEK2011-05-24

Financial Data on FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-05-062822
Total liabilities as of the beginning of the plan year2025-05-06919
Total expenses incurred by plan in this plan year2025-05-0677418
Net assets as of the end of the plan year2025-05-063429176
Total assets as of the beginning of the plan year2025-05-062931966
Value of plan covered by a fidelity bond2025-05-062000000
Participant contributions to plan in this plan year2025-05-06100901
Other contributions to plan in this plan year2025-05-06143153
Other income to plan in this plan year2025-05-06300250
Plan net income in this plan year2025-05-06495307
Net assets as of the end of the plan year2025-05-063426354
Net assets as of the beginning of the plan year2025-05-062931047
Employer contributions to plan in this plan year2025-05-0628421
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-061277
2024 : FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-22919
Total expenses incurred by plan in this plan year2024-07-2211265
Net assets as of the end of the plan year2024-07-222931966
Total assets as of the beginning of the plan year2024-07-222470415
Value of plan covered by a fidelity bond2024-07-222000000
Participant contributions to plan in this plan year2024-07-22103799
Other income to plan in this plan year2024-07-22342495
Plan net income in this plan year2024-07-22460632
Net assets as of the end of the plan year2024-07-222931047
Net assets as of the beginning of the plan year2024-07-222470415
Employer contributions to plan in this plan year2024-07-2225603
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-22100
2022 : FIRST COMMUNITY BANK 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-16402204
Net assets as of the end of the plan year2022-06-163080536
Total assets as of the beginning of the plan year2022-06-163051662
Value of plan covered by a fidelity bond2022-06-162000000
Participant contributions to plan in this plan year2022-06-1698561
Other income to plan in this plan year2022-06-16304658
Plan net income in this plan year2022-06-1628874
Net assets as of the end of the plan year2022-06-163080536
Net assets as of the beginning of the plan year2022-06-163051662
Employer contributions to plan in this plan year2022-06-1627859

Potentially related plans

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