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FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST 401k Plan overview

Plan NameFIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST
Plan identification number 001

FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST 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 STATE BANK OF LE CENTER has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK OF LE CENTER
Employer identification number (EIN):410257460
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KEVIN ENGEL2024-07-17
0012022-01-01KEVIN ENGEL2023-07-27
0012021-01-01KEVIN ENGEL2022-10-04
0012020-01-01KEVIN ENGEL2021-07-12
0012019-01-01KEVIN ENGEL2020-08-14
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01KEVIN ENGEL2015-07-14
0012013-01-01PEGGY MILLER2014-09-05
0012012-01-01TRAVIS STENBERG2013-06-28
0012011-01-01TRAVIS STENBERG2012-08-21
0012010-01-01KEVIN ENGEL2011-07-29 KEVIN ENGEL2011-07-29

Financial Data on FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST

Measure Date Value
2025 : FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-090
Total expenses incurred by plan in this plan year2025-10-09431535
Net assets as of the end of the plan year2025-10-091673928
Total assets as of the beginning of the plan year2025-10-091807453
Participant contributions to plan in this plan year2025-10-0985207
Other income to plan in this plan year2025-10-09186199
Plan net income in this plan year2025-10-09-133525
Net assets as of the end of the plan year2025-10-091673928
Net assets as of the beginning of the plan year2025-10-091807453
Employer contributions to plan in this plan year2025-10-0926604
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0935300
2024 : FIRST STATE BANK OF LE CENTER 401(K) PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-170
Total liabilities as of the end of the plan year2024-07-170
Total liabilities as of the beginning of the plan year2024-07-170
Total expenses incurred by plan in this plan year2024-07-17125798
Net assets as of the end of the plan year2024-07-171807453
Total assets as of the beginning of the plan year2024-07-171606219
Value of plan covered by a fidelity bond2024-07-172000000
Participant contributions to plan in this plan year2024-07-1793991
Other expenses paid from plan in this plan year2024-07-170
Other contributions to plan in this plan year2024-07-170
Other income to plan in this plan year2024-07-17205150
Plan net income in this plan year2024-07-17201234
Net assets as of the end of the plan year2024-07-171807453
Net assets as of the beginning of the plan year2024-07-171606219
Employer contributions to plan in this plan year2024-07-1727891
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1731463

Potentially related plans

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