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STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSTEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

STEARNS FINANCIAL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:STEARNS FINANCIAL SERVICES, INC.
Employer identification number (EIN):411655119
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012020-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MATT GEIST MATT GEIST2018-10-05
0012016-01-01MATT GEIST MATT GEIST2017-10-05
0012015-01-01MATT GEIST MATT GEIST2016-10-06
0012014-01-01MATT GEIST MATT GEIST2015-10-02
0012013-01-01MATT GEIST MATT GEIST2014-10-01
0012012-01-01MATT GEIST MATT GEIST2014-03-21
0012011-01-01MATT GEIST MATT GEIST2012-10-09
0012009-01-01JOHN HALVORSON

Plan Statistics for STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01603
Total number of active participants reported on line 7a of the Form 55002022-01-01445
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0159
Total of all active and inactive participants2022-01-01505
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-012
Total participants2022-01-01507
Number of participants with account balances2022-01-01507
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0130
2021: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01576
Total number of active participants reported on line 7a of the Form 55002021-01-01425
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0191
Total of all active and inactive participants2021-01-01516
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01517
Number of participants with account balances2021-01-01516
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0133
2020: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01577
Total number of active participants reported on line 7a of the Form 55002020-01-01420
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0195
Total of all active and inactive participants2020-01-01515
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01515
Number of participants with account balances2020-01-01513
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0146
2019: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01622
Total number of active participants reported on line 7a of the Form 55002019-01-01542
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0133
Total of all active and inactive participants2019-01-01577
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01577
Number of participants with account balances2019-01-01461
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0122
2018: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01553
Total number of active participants reported on line 7a of the Form 55002018-01-01468
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0135
Total of all active and inactive participants2018-01-01503
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01503
Number of participants with account balances2018-01-01357
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0117
2017: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01470
Total number of active participants reported on line 7a of the Form 55002017-01-01372
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0136
Total of all active and inactive participants2017-01-01408
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01408
Number of participants with account balances2017-01-01340
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0113
2016: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01483
Total number of active participants reported on line 7a of the Form 55002016-01-01357
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0141
Total of all active and inactive participants2016-01-01398
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01398
Number of participants with account balances2016-01-01332
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0116
2015: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01429
Total number of active participants reported on line 7a of the Form 55002015-01-01338
Number of other retired or separated participants entitled to future benefits2015-01-0176
Total of all active and inactive participants2015-01-01414
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01414
Number of participants with account balances2015-01-01414
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0118
2014: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01432
Total number of active participants reported on line 7a of the Form 55002014-01-01347
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0131
Total of all active and inactive participants2014-01-01378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01378
Number of participants with account balances2014-01-01325
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0127
2013: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01380
Total number of active participants reported on line 7a of the Form 55002013-01-01334
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0144
Total of all active and inactive participants2013-01-01378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01378
Number of participants with account balances2013-01-01288
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0126
2012: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01330
Total number of active participants reported on line 7a of the Form 55002012-01-01282
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0139
Total of all active and inactive participants2012-01-01321
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01321
Number of participants with account balances2012-01-01270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-016
2011: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01288
Total number of active participants reported on line 7a of the Form 55002011-01-01250
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0118
Total of all active and inactive participants2011-01-01268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01268
Number of participants with account balances2011-01-01246
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0129
2009: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01236
Total number of active participants reported on line 7a of the Form 55002009-01-01191
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0115
Total of all active and inactive participants2009-01-01206
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01206
Number of participants with account balances2009-01-01173
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-016

Financial Data on STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$35,007,886
Total unrealized appreciation/depreciation of assets2022-12-31$35,007,886
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$25,182,899
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$27,470,983
Expenses. Interest paid2022-12-31$1,098,839
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$1,098,839
Total income from all sources (including contributions)2022-12-31$38,844,061
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$14,872,438
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$13,738,468
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,800,000
Value of total assets at end of year2022-12-31$143,201,072
Value of total assets at beginning of year2022-12-31$121,517,533
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$35,131
Total interest from all sources2022-12-31$36,175
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$25,182,899
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$27,470,983
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$23,971,623
Value of net assets at end of year (total assets less liabilities)2022-12-31$118,018,173
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$94,046,550
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,066,231
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$5,934,580
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$5,934,580
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$36,175
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$141,134,841
Assets. Invements in employer securities at beginning of year2022-12-31$115,582,953
Contributions received in cash from employer2022-12-31$3,800,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$13,738,468
Contract administrator fees2022-12-31$35,131
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$13,141,320
Total unrealized appreciation/depreciation of assets2021-12-31$13,141,320
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$27,470,983
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$618,507
Expenses. Interest paid2021-12-31$358,665
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$358,665
Total income from all sources (including contributions)2021-12-31$15,669,105
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$9,468,015
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$9,076,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,500,000
Value of total assets at end of year2021-12-31$121,517,533
Value of total assets at beginning of year2021-12-31$88,463,967
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$32,614
Total interest from all sources2021-12-31$27,785
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$7,990,000
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$27,470,983
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$618,507
Administrative expenses (other) incurred2021-12-31$24
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$6,201,090
Value of net assets at end of year (total assets less liabilities)2021-12-31$94,046,550
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$87,845,460
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$5,934,580
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$6,232,332
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$6,232,332
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$27,785
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$115,582,953
Assets. Invements in employer securities at beginning of year2021-12-31$82,231,635
Contributions received in cash from employer2021-12-31$2,500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$9,076,736
Contract administrator fees2021-12-31$32,590
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-15,057,465
Total unrealized appreciation/depreciation of assets2020-12-31$-15,057,465
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$5,635,347
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$618,507
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$3,024,821
Expenses. Interest paid2020-12-31$78,503
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$78,503
Total income from all sources (including contributions)2020-12-31$-11,874,852
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$16,502,765
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$16,403,156
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,203,030
Value of total assets at end of year2020-12-31$88,463,967
Value of total assets at beginning of year2020-12-31$124,883,245
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$21,106
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$97,986
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$47,423
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$47,423
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$10,557,000
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$0
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$618,507
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$3,015,718
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$21,106
Liabilities. Value of operating payables at end of year2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$9,103
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$-28,377,617
Value of net assets at end of year (total assets less liabilities)2020-12-31$87,845,460
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$121,858,424
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,581,906
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$6,232,332
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$14,155,739
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$14,155,739
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$97,986
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$-165,826
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$0
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$82,231,635
Assets. Invements in employer securities at beginning of year2020-12-31$103,343,100
Contributions received in cash from employer2020-12-31$3,203,030
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$802,500
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$16,403,156
Contract administrator fees2020-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31Yes
Liabilities. Value of benefit claims payable at end of year2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$10,678,310
Total unrealized appreciation/depreciation of assets2019-12-31$10,678,310
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$3,024,821
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$5,304,684
Expenses. Interest paid2019-12-31$224,700
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$224,700
Total income from all sources (including contributions)2019-12-31$17,561,689
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$10,745,069
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$10,487,747
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,307,453
Value of total assets at end of year2019-12-31$124,883,245
Value of total assets at beginning of year2019-12-31$120,346,488
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$32,622
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,535,196
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$294,464
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$3,015,718
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$5,295,971
Liabilities. Value of operating payables at end of year2019-12-31$9,103
Liabilities. Value of operating payables at beginning of year2019-12-31$8,713
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$6,816,620
Value of net assets at end of year (total assets less liabilities)2019-12-31$121,858,424
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$115,041,804
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$32,622
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$6,581,906
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$5,793,372
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$14,155,739
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$11,085,713
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$11,085,713
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,040,730
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$103,343,100
Assets. Invements in employer securities at beginning of year2019-12-31$100,028,790
Contributions received in cash from employer2019-12-31$3,307,453
Employer contributions (assets) at end of year2019-12-31$802,500
Employer contributions (assets) at beginning of year2019-12-31$3,438,613
Income. Dividends from common stock2019-12-31$2,240,732
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$10,487,747
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2019-12-31410746749
2018 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$10,632,663
Total unrealized appreciation/depreciation of assets2018-12-31$10,632,663
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$5,304,684
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$7,472,622
Expenses. Interest paid2018-12-31$339,160
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$339,160
Total income from all sources (including contributions)2018-12-31$16,359,998
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$38,923,198
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$38,544,454
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,943,566
Value of total assets at end of year2018-12-31$120,346,488
Value of total assets at beginning of year2018-12-31$145,077,626
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$39,584
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$568,987
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$303,928
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$5,295,971
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$7,461,763
Liabilities. Value of operating payables at end of year2018-12-31$8,713
Liabilities. Value of operating payables at beginning of year2018-12-31$10,859
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-22,563,200
Value of net assets at end of year (total assets less liabilities)2018-12-31$115,041,804
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$137,605,004
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$39,584
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$5,793,372
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$8,407,293
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$11,085,713
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$28,200,874
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$28,200,874
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-785,218
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$100,028,790
Assets. Invements in employer securities at beginning of year2018-12-31$106,148,127
Contributions received in cash from employer2018-12-31$5,943,566
Employer contributions (assets) at end of year2018-12-31$3,438,613
Employer contributions (assets) at beginning of year2018-12-31$2,321,332
Income. Dividends from common stock2018-12-31$265,059
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$38,544,454
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2018-12-31410746749
2017 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$14,777,957
Total unrealized appreciation/depreciation of assets2017-12-31$14,777,957
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$7,472,622
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$9,533,348
Expenses. Interest paid2017-12-31$443,855
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$443,855
Total income from all sources (including contributions)2017-12-31$21,138,439
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$6,819,885
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$6,332,405
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,826,286
Value of total assets at end of year2017-12-31$145,077,626
Value of total assets at beginning of year2017-12-31$132,819,798
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$43,625
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$500,800
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$322,439
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$7,461,763
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$9,522,862
Liabilities. Value of operating payables at end of year2017-12-31$10,859
Liabilities. Value of operating payables at beginning of year2017-12-31$10,486
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$14,318,554
Value of net assets at end of year (total assets less liabilities)2017-12-31$137,605,004
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$123,286,450
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$43,625
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$8,407,293
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$7,598,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$28,200,874
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$38,786,181
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$38,786,181
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,033,396
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$106,148,127
Assets. Invements in employer securities at beginning of year2017-12-31$84,170,170
Contributions received in cash from employer2017-12-31$4,826,286
Employer contributions (assets) at end of year2017-12-31$2,321,332
Employer contributions (assets) at beginning of year2017-12-31$2,265,000
Income. Dividends from common stock2017-12-31$178,361
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$6,332,405
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2017-12-31410746749
2016 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$24,273,605
Total unrealized appreciation/depreciation of assets2016-12-31$24,273,605
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$9,533,348
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$11,052
Expenses. Interest paid2016-12-31$401,577
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$401,577
Total income from all sources (including contributions)2016-12-31$29,193,328
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$7,982,791
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$7,538,205
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$4,143,715
Value of total assets at end of year2016-12-31$132,819,798
Value of total assets at beginning of year2016-12-31$102,086,965
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$43,009
Total interest from all sources2016-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$329,620
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$231,745
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$9,522,862
Liabilities. Value of operating payables at end of year2016-12-31$10,486
Liabilities. Value of operating payables at beginning of year2016-12-31$11,052
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$21,210,537
Value of net assets at end of year (total assets less liabilities)2016-12-31$123,286,450
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$102,075,913
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$43,009
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$7,598,447
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$7,160,457
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$38,786,181
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$28,154,943
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$28,154,943
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$446,388
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$84,170,170
Assets. Invements in employer securities at beginning of year2016-12-31$64,271,565
Contributions received in cash from employer2016-12-31$4,143,715
Employer contributions (assets) at end of year2016-12-31$2,265,000
Employer contributions (assets) at beginning of year2016-12-31$2,500,000
Income. Dividends from common stock2016-12-31$97,875
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$7,538,205
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2016-12-31410746749
2015 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$13,684,865
Total unrealized appreciation/depreciation of assets2015-12-31$13,684,865
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$11,052
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$14,000
Total income from all sources (including contributions)2015-12-31$21,769,799
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$15,481,416
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$15,422,118
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,500,000
Value of total assets at end of year2015-12-31$102,086,965
Value of total assets at beginning of year2015-12-31$95,801,530
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$59,298
Total interest from all sources2015-12-31$93,995
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$5,781,251
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$284,606
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Administrative expenses (other) incurred2015-12-31$11,112
Liabilities. Value of operating payables at end of year2015-12-31$11,052
Liabilities. Value of operating payables at beginning of year2015-12-31$14,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$6,288,383
Value of net assets at end of year (total assets less liabilities)2015-12-31$102,075,913
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$95,787,530
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$48,186
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$7,160,457
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$9,211,117
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$28,154,943
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$28,573,199
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$28,573,199
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$93,995
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-290,312
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$64,271,565
Assets. Invements in employer securities at beginning of year2015-12-31$57,017,214
Contributions received in cash from employer2015-12-31$2,500,000
Employer contributions (assets) at end of year2015-12-31$2,500,000
Employer contributions (assets) at beginning of year2015-12-31$1,000,000
Income. Dividends from common stock2015-12-31$5,496,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$15,422,118
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2015-12-31410746749
2014 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$6,501,900
Total unrealized appreciation/depreciation of assets2014-12-31$6,501,900
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$14,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$30,413
Total income from all sources (including contributions)2014-12-31$15,330,166
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$4,789,545
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$4,729,964
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,000,000
Value of total assets at end of year2014-12-31$95,801,530
Value of total assets at beginning of year2014-12-31$85,277,322
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$59,581
Total interest from all sources2014-12-31$80,235
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$7,464,094
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$330,694
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$6,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$21,379
Administrative expenses (other) incurred2014-12-31$37,990
Liabilities. Value of operating payables at end of year2014-12-31$14,000
Liabilities. Value of operating payables at beginning of year2014-12-31$9,034
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$10,540,621
Value of net assets at end of year (total assets less liabilities)2014-12-31$95,787,530
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$85,246,909
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$21,591
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$9,211,117
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$8,930,111
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$28,573,199
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$23,010,910
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$23,010,910
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$80,235
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$283,937
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$57,017,214
Assets. Invements in employer securities at beginning of year2014-12-31$53,336,301
Contributions received in cash from employer2014-12-31$1,000,000
Employer contributions (assets) at end of year2014-12-31$1,000,000
Income. Dividends from common stock2014-12-31$7,133,400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$4,729,964
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Liabilities. Value of acquisition indebtedness at end of year2014-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2014-12-31410746749
2013 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$6,873,930
Total unrealized appreciation/depreciation of assets2013-12-31$6,873,930
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$30,413
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$74,162
Total income from all sources (including contributions)2013-12-31$20,609,670
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$6,024,731
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$5,976,857
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,000,000
Value of total assets at end of year2013-12-31$85,277,322
Value of total assets at beginning of year2013-12-31$70,736,132
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$47,874
Total interest from all sources2013-12-31$48,000
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$9,829,237
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$373,579
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$6,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$21,379
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$58,465
Administrative expenses (other) incurred2013-12-31$29,054
Liabilities. Value of operating payables at end of year2013-12-31$9,034
Liabilities. Value of operating payables at beginning of year2013-12-31$15,697
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$14,584,939
Value of net assets at end of year (total assets less liabilities)2013-12-31$85,246,909
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$70,661,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$18,820
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$8,930,111
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$8,529,992
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$23,010,910
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$17,024,778
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$17,024,778
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$48,000
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$858,503
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$53,336,301
Assets. Invements in employer securities at beginning of year2013-12-31$45,181,362
Contributions received in cash from employer2013-12-31$3,000,000
Income. Dividends from common stock2013-12-31$9,455,658
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$5,976,857
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Liabilities. Value of acquisition indebtedness at end of year2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2013-12-31410746749
2012 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$8,857,780
Total unrealized appreciation/depreciation of assets2012-12-31$8,857,780
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$74,162
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$83,009
Total income from all sources (including contributions)2012-12-31$19,144,664
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$4,431,037
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$4,383,006
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,750,000
Value of total assets at end of year2012-12-31$70,736,132
Value of total assets at beginning of year2012-12-31$56,031,352
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$48,031
Total interest from all sources2012-12-31$31,928
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$5,882,372
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$419,974
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$6,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$58,465
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$65,488
Administrative expenses (other) incurred2012-12-31$23,519
Liabilities. Value of operating payables at end of year2012-12-31$15,697
Liabilities. Value of operating payables at beginning of year2012-12-31$17,521
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$14,713,627
Value of net assets at end of year (total assets less liabilities)2012-12-31$70,661,970
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$55,948,343
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$24,512
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$8,529,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$8,080,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$17,024,778
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$8,964,147
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$8,964,147
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$31,928
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$622,584
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$45,181,362
Assets. Invements in employer securities at beginning of year2012-12-31$38,986,575
Contributions received in cash from employer2012-12-31$3,750,000
Income. Dividends from common stock2012-12-31$5,462,398
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$4,383,006
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Liabilities. Value of acquisition indebtedness at end of year2012-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2012-12-31410746749
2011 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$4,748,390
Total unrealized appreciation/depreciation of assets2011-12-31$4,748,390
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$83,009
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$1,129,155
Expenses. Interest paid2011-12-31$9,781
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$9,781
Total income from all sources (including contributions)2011-12-31$9,443,517
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,198,730
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,112,070
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$56,031,352
Value of total assets at beginning of year2011-12-31$51,832,711
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$76,879
Total interest from all sources2011-12-31$18,350
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$4,978,819
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$325,328
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$6,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$65,488
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$25,079
Administrative expenses (other) incurred2011-12-31$26,511
Liabilities. Value of operating payables at end of year2011-12-31$17,521
Liabilities. Value of operating payables at beginning of year2011-12-31$28,008
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$5,244,787
Value of net assets at end of year (total assets less liabilities)2011-12-31$55,948,343
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$50,703,556
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$50,368
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$8,080,630
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$8,733,975
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$8,964,147
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$6,898,647
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$6,898,647
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$18,350
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-302,042
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$38,986,575
Assets. Invements in employer securities at beginning of year2011-12-31$36,200,089
Income. Dividends from common stock2011-12-31$4,653,491
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,112,070
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Liabilities. Value of acquisition indebtedness at end of year2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$1,076,068
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2011-12-31410746749
2010 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$1,623,453
Total unrealized appreciation/depreciation of assets2010-12-31$1,623,453
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,129,155
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,420,041
Expenses. Interest paid2010-12-31$30,855
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$30,855
Total income from all sources (including contributions)2010-12-31$3,269,323
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,531,000
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,415,026
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$51,832,711
Value of total assets at beginning of year2010-12-31$53,385,274
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$85,119
Total interest from all sources2010-12-31$57,994
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$976,742
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$321,268
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$6,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$3,956,130
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$25,079
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$26,105
Administrative expenses (other) incurred2010-12-31$27,648
Liabilities. Value of operating payables at end of year2010-12-31$28,008
Liabilities. Value of operating payables at beginning of year2010-12-31$28,723
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-261,677
Value of net assets at end of year (total assets less liabilities)2010-12-31$50,703,556
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$50,965,233
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$57,471
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$8,733,975
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$8,805,092
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$6,898,647
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$8,933,459
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$8,933,459
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$57,994
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$611,134
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$36,200,089
Assets. Invements in employer securities at beginning of year2010-12-31$35,646,723
Income. Dividends from common stock2010-12-31$655,474
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,415,026
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$1,076,068
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$2,365,213
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31LARSONALLEN LLP
Accountancy firm EIN2010-12-31410746749
2009 : STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP 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$1,819,000

Form 5500 Responses for STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP 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
2018: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: STEARNS FINANCIAL SERVICES, INC. EMPLOYEE STOCK OWNERSHIP 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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