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STATE BANK OF HAWLEY 401K PLAN 401k Plan overview

Plan NameSTATE BANK OF HAWLEY 401K PLAN
Plan identification number 003

STATE BANK OF HAWLEY 401K 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.
  • 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.

401k Sponsoring company profile

VALLEY PREMIER BANK has sponsored the creation of one or more 401k plans.

Company Name:VALLEY PREMIER BANK
Employer identification number (EIN):410557030
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF HAWLEY 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01BRUCE TELLEFSON2024-05-22 TERESA KUHN2024-05-22
0032022-01-01BRUCE TELLEFSON2023-04-20 TERESA KUHN2023-04-20
0032021-01-01BRUCE TELLEFSON2022-06-21
0032020-01-01BRUCE TELLEFSON2021-06-03
0032019-01-01BTELLEFSON44672020-06-17
0032019-01-01BRUCE TELLEFSON2020-06-30
0032018-01-01BRUCE TELLEFSON2019-06-03
0032017-01-01BRUCE TELLEFSON2018-06-11
0032016-01-01BRUCE TELLEFSON2017-07-07
0032016-01-01LAVAUN SAHLBERG2017-06-07
0032015-01-01RAND ALLAND2016-06-03
0032014-01-01RAND ALLAND2015-10-13
0032014-01-01RAND ALLAND2015-04-27
0032013-01-01RAND ALLAND2014-04-02
0032012-01-01RAND ALLAND2013-05-06
0032011-01-01RAND ALLAND2012-07-18
0032010-01-01RAND ALLAND2012-07-18

Financial Data on STATE BANK OF HAWLEY 401K PLAN

Measure Date Value
2025 : STATE BANK OF HAWLEY 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-14309930
Net assets as of the end of the plan year2025-10-140
Total assets as of the beginning of the plan year2025-10-14271583
Value of plan covered by a fidelity bond2025-10-14500000
Participant contributions to plan in this plan year2025-10-146016
Other income to plan in this plan year2025-10-1432331
Plan net income in this plan year2025-10-14-271583
Net assets as of the end of the plan year2025-10-140
Net assets as of the beginning of the plan year2025-10-14271583
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-141045
Total expenses incurred by plan in this plan year2025-05-0595317
Net assets as of the end of the plan year2025-05-05271583
Total assets as of the beginning of the plan year2025-05-05305352
Value of plan covered by a fidelity bond2025-05-05500000
Participant contributions to plan in this plan year2025-05-0520844
Other expenses paid from plan in this plan year2025-05-05450
Other income to plan in this plan year2025-05-0540704
Plan net income in this plan year2025-05-05-33769
Net assets as of the end of the plan year2025-05-05271583
Net assets as of the beginning of the plan year2025-05-05305352
2024 : STATE BANK OF HAWLEY 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-22280
Net assets as of the end of the plan year2024-05-22305352
Total assets as of the beginning of the plan year2024-05-22232121
Value of plan covered by a fidelity bond2024-05-22500000
Participant contributions to plan in this plan year2024-05-2229762
Other income to plan in this plan year2024-05-2243749
Plan net income in this plan year2024-05-2273231
Net assets as of the end of the plan year2024-05-22305352
Net assets as of the beginning of the plan year2024-05-22232121
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-22280

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