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STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 401k Plan overview

Plan NameSTATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR
Plan identification number 002

STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 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 NEW RICHLAND has sponsored the creation of one or more 401k plans.

Company Name:STATE BANK OF NEW RICHLAND
Employer identification number (EIN):411649754
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01KRISTI HARRINGTON2024-07-15 KRISTI HARRINGTON2024-07-15
0022022-01-01KRISTI C. HARRINGTON2023-04-17 KRISTI C. HARRINGTON2023-04-17
0022021-01-01KRISTI HARRINGTON2022-07-09 KRISTI HARRINGTON2022-07-09
0022020-01-01KRISTI HARRINGTON2021-07-20 KRISTI HARRINGTON2021-07-20
0022019-01-01KRISTI HARRINGTON2020-07-21 KRISTI HARRINGTON2020-07-21
0022018-01-01KRISTI HARRINGTON2019-07-31 KRISTI HARRINGTON2019-07-31
0022017-01-01KRISTI HARRINGTON2018-07-31 KRISTI HARRINGTON2018-07-31
0022016-01-01KRISTI HARRINGTON2017-07-24
0022015-01-01KRISTI HARRINGTON2016-07-13
0022014-01-01KRISTI HARRINGTON2015-07-23
0022013-01-01KRISTI HARRINGTON2014-07-16
0022012-01-01KRISTI HARRINGTON2013-07-05
0022011-01-01BERNIE ANDERSON2012-06-08
0022010-01-01BERNIE ANDERSON2011-05-23 BERNIE ANDERSON2011-05-23

Plan Statistics for STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR

401k plan membership statisitcs for STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR

Measure Date Value
2025: STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2025 401k membership
Total number of particpants at beginning of year2025-07-1820
Total number of particpants at end of year2025-07-1818
Number of Participants With Account Balances2025-07-1818
2024: STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2024 401k membership
Total number of particpants at beginning of year2024-07-1517
Total number of particpants at end of year2024-07-1519
Number of Participants With Account Balances2024-07-1519
2022: STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2022 401k membership
Total number of particpants at beginning of year2022-07-1116
Total number of particpants at end of year2022-07-1116
Number of Participants With Account Balances2022-07-1116

Financial Data on STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR

Measure Date Value
2025 : STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1886861
Net assets as of the end of the plan year2025-07-183583818
Total assets as of the beginning of the plan year2025-07-183177562
Value of plan covered by a fidelity bond2025-07-182000000
Participant contributions to plan in this plan year2025-07-18132322
Other expenses paid from plan in this plan year2025-07-180
Other contributions to plan in this plan year2025-07-180
Other income to plan in this plan year2025-07-18291207
Plan net income in this plan year2025-07-18406256
Net assets as of the end of the plan year2025-07-183583818
Net assets as of the beginning of the plan year2025-07-183177562
Employer contributions to plan in this plan year2025-07-1869588
Fees paid to broker by Benefit Provider2025-07-18643
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-189274
2024 : STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-15131533
Net assets as of the end of the plan year2024-07-153177562
Total assets as of the beginning of the plan year2024-07-152838812
Value of plan covered by a fidelity bond2024-07-151825000
Participant contributions to plan in this plan year2024-07-15114498
Other expenses paid from plan in this plan year2024-07-150
Other income to plan in this plan year2024-07-15288885
Plan net income in this plan year2024-07-15338750
Net assets as of the end of the plan year2024-07-153177562
Net assets as of the beginning of the plan year2024-07-152838812
Employer contributions to plan in this plan year2024-07-1566900
Fees paid to broker by Benefit Provider2024-07-15476
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-157365
2022 : STATE BANK OF NEW RICHLAND PROFIT SHARING PL & TR 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1128208
Net assets as of the end of the plan year2022-07-112789193
Total assets as of the beginning of the plan year2022-07-112442935
Value of plan covered by a fidelity bond2022-07-111825000
Participant contributions to plan in this plan year2022-07-1191625
Other expenses paid from plan in this plan year2022-07-110
Other income to plan in this plan year2022-07-11215249
Plan net income in this plan year2022-07-11346258
Net assets as of the end of the plan year2022-07-112789193
Net assets as of the beginning of the plan year2022-07-112442935
Employer contributions to plan in this plan year2022-07-1167592
Fees paid to broker by Benefit Provider2022-07-113826
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-11919

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