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STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameSTATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN
Plan identification number 001

STATE BANK OF TAUNTON 401(K) 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

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

Company Name:STATE BANK OF TAUNTON
Employer identification number (EIN):410557420
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01DUANE PETERSON2017-07-20
0012013-01-01BRAD SCHRIBER2014-07-02
0012012-01-01BRAD SCHRIBER2013-10-02
0012011-01-01JERRY WANKEN2012-07-24
0012010-01-01BRAD SCHRIBER2013-11-07

Plan Statistics for STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1518
Total number of particpants at end of year2025-10-1515
Number of Participants With Account Balances2025-10-1515
Total number of particpants at beginning of year2025-07-0118
Total number of particpants at end of year2025-07-0115
Number of Participants With Account Balances2025-07-0115
2024: STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1820
Total number of particpants at end of year2024-07-1817
Number of Participants With Account Balances2024-07-1817
2022: STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-05-3115
Total number of particpants at end of year2022-05-3117
Number of Participants With Account Balances2022-05-3117

Financial Data on STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-15164526
Net assets as of the end of the plan year2025-10-151214852
Total assets as of the beginning of the plan year2025-10-151086269
Participant contributions to plan in this plan year2025-10-1582400
Other contributions to plan in this plan year2025-10-1549627
Other income to plan in this plan year2025-10-15121794
Plan net income in this plan year2025-10-15128583
Net assets as of the end of the plan year2025-10-151214852
Net assets as of the beginning of the plan year2025-10-151086269
Employer contributions to plan in this plan year2025-10-1539288
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-15100
Total expenses incurred by plan in this plan year2025-07-01164526
Net assets as of the end of the plan year2025-07-011214852
Total assets as of the beginning of the plan year2025-07-011086269
Participant contributions to plan in this plan year2025-07-0182400
Other contributions to plan in this plan year2025-07-0149627
Other income to plan in this plan year2025-07-01121794
Plan net income in this plan year2025-07-01128583
Net assets as of the end of the plan year2025-07-011214852
Net assets as of the beginning of the plan year2025-07-011086269
Employer contributions to plan in this plan year2025-07-0139288
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-01100
2024 : STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1845020
Net assets as of the end of the plan year2024-07-181086269
Total assets as of the beginning of the plan year2024-07-18883179
Participant contributions to plan in this plan year2024-07-1874947
Other contributions to plan in this plan year2024-07-180
Other income to plan in this plan year2024-07-18133737
Plan net income in this plan year2024-07-18203090
Net assets as of the end of the plan year2024-07-181086269
Net assets as of the beginning of the plan year2024-07-18883179
Employer contributions to plan in this plan year2024-07-1839426
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-18150
2022 : STATE BANK OF TAUNTON 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-31298093
Net assets as of the end of the plan year2022-05-311073337
Total assets as of the beginning of the plan year2022-05-311168099
Participant contributions to plan in this plan year2022-05-3170801
Value of participant loans at end of plan year2022-05-3110000
Other income to plan in this plan year2022-05-3194622
Plan net income in this plan year2022-05-31-94762
Net assets as of the end of the plan year2022-05-311073337
Net assets as of the beginning of the plan year2022-05-311168099
Employer contributions to plan in this plan year2022-05-3137908
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-3150

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