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ST. CLAIR STATE BANK PROFIT SHARING PLAN 401k Plan overview

Plan NameST. CLAIR STATE BANK PROFIT SHARING PLAN
Plan identification number 001

ST. CLAIR STATE BANK 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.
  • 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

ST. CLAIR STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:ST. CLAIR STATE BANK
Employer identification number (EIN):410517310
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ST. CLAIR STATE BANK PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ROBERT KRUSE2024-10-09
0012022-01-01
0012021-01-01ROBERT KRUSE2022-08-29
0012020-01-01ROBERT KRUSE2021-10-11
0012019-01-01
0012017-01-01ROBERT S. KRUSE2018-05-02 DALE STOLT2018-05-02
0012016-01-01ROBERT S. KRUSE2017-06-01 DALE STOLT2017-06-01
0012013-01-01ROBERT KRUSE2014-05-22
0012012-01-01BOB KRUSE2013-05-23
0012011-01-01ROBERT KRUSE2012-06-13
0012010-01-01ROBERT KRUSE
0012009-01-01REBECCA FISHER
0012009-01-01REBECCA FISHER

Plan Statistics for ST. CLAIR STATE BANK PROFIT SHARING PLAN

401k plan membership statisitcs for ST. CLAIR STATE BANK PROFIT SHARING PLAN

Measure Date Value
2025: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1412
Total number of particpants at end of year2025-10-1419
Number of Participants With Account Balances2025-10-1416
2024: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0916
Total number of particpants at end of year2024-10-0912
Number of Participants With Account Balances2024-10-0912
2022: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-2916
Total number of particpants at end of year2022-08-2916
Number of Participants With Account Balances2022-08-2916
2019: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0116
Total number of active participants reported on line 7a of the Form 55002019-01-0112
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-0115
Number of participants with account balances2019-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2010: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0112
Total number of active participants reported on line 7a of the Form 55002010-01-0112
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0113
Number of participants with account balances2010-01-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0112
Total number of active participants reported on line 7a of the Form 55002009-01-0111
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0112
Number of participants with account balances2009-01-0112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on ST. CLAIR STATE BANK PROFIT SHARING PLAN

Measure Date Value
2025 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-1494229
Net assets as of the end of the plan year2025-10-142358062
Total assets as of the beginning of the plan year2025-10-142198857
Value of plan covered by a fidelity bond2025-10-142000000
Other income to plan in this plan year2025-10-1499362
Plan net income in this plan year2025-10-14159205
Net assets as of the end of the plan year2025-10-142358062
Net assets as of the beginning of the plan year2025-10-142198857
Employer contributions to plan in this plan year2025-10-14154072
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-144082
2024 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-091273265
Net assets as of the end of the plan year2024-10-092198857
Total assets as of the beginning of the plan year2024-10-093205118
Value of plan covered by a fidelity bond2024-10-092000000
Other income to plan in this plan year2024-10-09121162
Plan net income in this plan year2024-10-09-1006261
Net assets as of the end of the plan year2024-10-092198857
Net assets as of the beginning of the plan year2024-10-093205118
Employer contributions to plan in this plan year2024-10-09145842
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-093398
2022 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-2965615
Net assets as of the end of the plan year2022-08-293127312
Total assets as of the beginning of the plan year2022-08-292971969
Value of plan covered by a fidelity bond2022-08-292000000
Other contributions to plan in this plan year2022-08-2981974
Plan net income in this plan year2022-08-29155343
Net assets as of the end of the plan year2022-08-293127312
Net assets as of the beginning of the plan year2022-08-292971969
Employer contributions to plan in this plan year2022-08-29138984
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-293866
2019 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$306,511
Expenses. Total of all expenses incurred2019-12-31$741,168
Benefits paid (including direct rollovers)2019-12-31$740,934
Total plan assets at end of year2019-12-31$2,743,475
Total plan assets at beginning of year2019-12-31$3,178,132
Value of fidelity bond covering the plan2019-12-31$1,500,000
Contributions received from other sources (not participants or employers)2019-12-31$102,853
Other income received2019-12-31$78,828
Net income (gross income less expenses)2019-12-31$-434,657
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,743,475
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$3,178,132
Total contributions received or receivable from employer(s)2019-12-31$124,830
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$234
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$177,801
Expenses. Total of all expenses incurred2018-12-31$1,605
Benefits paid (including direct rollovers)2018-12-31$1,605
Total plan assets at end of year2018-12-31$3,178,132
Total plan assets at beginning of year2018-12-31$3,001,936
Value of fidelity bond covering the plan2018-12-31$195,000
Assets. Value of loans (other than to participants)2018-12-31$680,173
Other income received2018-12-31$61,581
Net income (gross income less expenses)2018-12-31$176,196
Net plan assets at end of year (total assets less liabilities)2018-12-31$3,178,132
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,001,936
Total contributions received or receivable from employer(s)2018-12-31$116,220
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2010 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$147,866
Expenses. Total of all expenses incurred2010-12-31$48,000
Benefits paid (including direct rollovers)2010-12-31$48,000
Total plan assets at end of year2010-12-31$2,212,056
Total plan assets at beginning of year2010-12-31$2,112,190
Value of fidelity bond covering the plan2010-12-31$3,000,000
Other income received2010-12-31$54,438
Net income (gross income less expenses)2010-12-31$99,866
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,212,056
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,112,190
Total contributions received or receivable from employer(s)2010-12-31$93,428
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : ST. CLAIR STATE BANK PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ST. CLAIR STATE BANK PROFIT SHARING PLAN

2019: ST. CLAIR STATE BANK 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
2010: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ST. CLAIR STATE BANK PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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