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STATE BANK OF LAKE PARK 401(K) PLAN 401k Plan overview

Plan NameSTATE BANK OF LAKE PARK 401(K) PLAN
Plan identification number 001

STATE BANK OF LAKE PARK 401(K) 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.
  • 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.

401k Sponsoring company profile

STATE BANK OF LAKE PARK has sponsored the creation of one or more 401k plans.

Company Name:STATE BANK OF LAKE PARK
Employer identification number (EIN):410557080
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF LAKE PARK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01GARY PETERSON2024-05-21
0012022-01-01GARY PETERSON2023-05-18
0012021-01-01GARY PETERSON2022-06-30
0012020-01-01GARY PETERSON2021-05-18 GARY PETERSON2021-05-18
0012019-01-01GARY PETERSON2020-07-23 GARY PETERSON2020-07-23
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01JERRY ERICKSON2013-08-01
0012011-01-01JERRY ERICKSON2012-07-23
0012010-01-01JERRY ERICKSON2011-07-25
0012009-01-01JERRY ERICKSON JERRY ERICKSON2010-06-17

Plan Statistics for STATE BANK OF LAKE PARK 401(K) PLAN

401k plan membership statisitcs for STATE BANK OF LAKE PARK 401(K) PLAN

Measure Date Value
2025: STATE BANK OF LAKE PARK 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-05-2817
Total number of particpants at end of year2025-05-2815
Number of Participants With Account Balances2025-05-2814
2024: STATE BANK OF LAKE PARK 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-2118
Total number of particpants at end of year2024-05-2116
Number of Participants With Account Balances2024-05-2115
2022: STATE BANK OF LAKE PARK 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-3018
Total number of particpants at end of year2022-06-3018
Number of Participants With Account Balances2022-06-3018
2009: STATE BANK OF LAKE PARK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0114
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 benefits2009-01-013
Total of all active and inactive participants2009-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0114
Number of participants with account balances2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on STATE BANK OF LAKE PARK 401(K) PLAN

Measure Date Value
2025 : STATE BANK OF LAKE PARK 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-28112526
Net assets as of the end of the plan year2025-05-281339555
Total assets as of the beginning of the plan year2025-05-281286082
Value of plan covered by a fidelity bond2025-05-281000000
Participant contributions to plan in this plan year2025-05-2835858
Other income to plan in this plan year2025-05-28120069
Plan net income in this plan year2025-05-2853473
Net assets as of the end of the plan year2025-05-281339555
Net assets as of the beginning of the plan year2025-05-281286082
Employer contributions to plan in this plan year2025-05-2810072
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-282785
2024 : STATE BANK OF LAKE PARK 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-210
Total expenses incurred by plan in this plan year2024-05-21309824
Net assets as of the end of the plan year2024-05-211286082
Total assets as of the beginning of the plan year2024-05-211400399
Value of plan covered by a fidelity bond2024-05-21500000
Participant contributions to plan in this plan year2024-05-2134209
Other contributions to plan in this plan year2024-05-210
Other income to plan in this plan year2024-05-21150760
Plan net income in this plan year2024-05-21-114317
Net assets as of the end of the plan year2024-05-211286082
Net assets as of the beginning of the plan year2024-05-211400399
Employer contributions to plan in this plan year2024-05-2110538
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-213447
2022 : STATE BANK OF LAKE PARK 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-30118992
Net assets as of the end of the plan year2022-06-301730716
Total assets as of the beginning of the plan year2022-06-301429821
Value of plan covered by a fidelity bond2022-06-301400000
Participant contributions to plan in this plan year2022-06-3039278
Other expenses paid from plan in this plan year2022-06-300
Other contributions to plan in this plan year2022-06-30250604
Other income to plan in this plan year2022-06-30120759
Plan net income in this plan year2022-06-30300895
Net assets as of the end of the plan year2022-06-301730716
Net assets as of the beginning of the plan year2022-06-301429821
Employer contributions to plan in this plan year2022-06-309246
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-304593
2009 : STATE BANK OF LAKE PARK 401(K) 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 STATE BANK OF LAKE PARK 401(K) PLAN

2009: STATE BANK OF LAKE PARK 401(K) 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

Potentially related plans

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