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STATE BANK OF BUSSEY 401(K) PLAN 401k Plan overview

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

STATE BANK OF BUSSEY 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name:STATE BANK OF BUSSEY
Employer identification number (EIN):420544330
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about STATE BANK OF BUSSEY

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1931-03-26
Company Identification Number: 085095
Legal Registered Office Address: 402 MERRILL STREET

BUSSEY
United States of America (USA)
50044

More information about STATE BANK OF BUSSEY

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012021-01-01EDWARD SULLIVAN2022-05-24 EDWARD SULLIVAN2022-05-24
0012020-01-01EDWARD SULLIVAN2021-09-23 EDWARD SULLIVAN2021-09-23
0012019-01-01EDWARD SULLIVAN2020-06-26 EDWARD SULLIVAN2020-06-26
0012018-01-01EDWARD SULLIVAN2019-04-12 EDWARD SULLIVAN2019-04-12
0012017-01-01EDWARD SULLIVAN2018-06-15 EDWARD SULLIVAN2018-06-15
0012016-01-01EDWARD SULLIVAN2017-09-18 EDWARD SULLIVAN2017-09-18
0012015-01-01EDWARD SULLIVAN2016-09-16 EDWARD SULLIVAN2016-09-16
0012014-01-01EDWARD SULLIVAN2015-09-24 EDWARD SULLIVAN2015-09-24
0012013-01-01EDWARD SULLIVAN2014-09-26 EDWARD SULLIVAN2014-09-26
0012012-01-01EDWARD SULLIVAN2013-05-29
0012011-01-01EDWARD SULLIVAN2012-05-14
0012010-01-01EDWARD SULLIVAN2011-07-13

Financial Data on STATE BANK OF BUSSEY 401(K) PLAN

Measure Date Value
2025 : STATE BANK OF BUSSEY 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-1627918
Net assets as of the end of the plan year2025-10-161123295
Total assets as of the beginning of the plan year2025-10-16873643
Value of plan covered by a fidelity bond2025-10-161000000
Participant contributions to plan in this plan year2025-10-1691117
Other contributions to plan in this plan year2025-10-1614505
Other income to plan in this plan year2025-10-16127446
Plan net income in this plan year2025-10-16249652
Net assets as of the end of the plan year2025-10-161123295
Net assets as of the beginning of the plan year2025-10-16873643
Employer contributions to plan in this plan year2025-10-1644502
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-167488
2024 : STATE BANK OF BUSSEY 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-30129121
Net assets as of the end of the plan year2024-07-30873643
Total assets as of the beginning of the plan year2024-07-30545121
Value of plan covered by a fidelity bond2024-07-30500000
Participant contributions to plan in this plan year2024-07-30103591
Value of participant loans at end of plan year2024-07-301175
Other contributions to plan in this plan year2024-07-30195271
Other income to plan in this plan year2024-07-30104035
Plan net income in this plan year2024-07-30328522
Net assets as of the end of the plan year2024-07-30873643
Net assets as of the beginning of the plan year2024-07-30545121
Employer contributions to plan in this plan year2024-07-3054746
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-304697
2022 : STATE BANK OF BUSSEY 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-24221181
Net assets as of the end of the plan year2022-05-241110651
Total assets as of the beginning of the plan year2022-05-241111408
Value of plan covered by a fidelity bond2022-05-241850000
Participant contributions to plan in this plan year2022-05-2454515
Value of participant loans at end of plan year2022-05-242067
Other contributions to plan in this plan year2022-05-2416269
Other income to plan in this plan year2022-05-24132319
Plan net income in this plan year2022-05-24-757
Net assets as of the end of the plan year2022-05-241110651
Net assets as of the beginning of the plan year2022-05-241111408
Employer contributions to plan in this plan year2022-05-2417321
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-244636

Potentially related plans

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