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STATE BANK EVERLY IOWA 401(K) PLAN 401k Plan overview

Plan NameSTATE BANK EVERLY IOWA 401(K) PLAN
Plan identification number 001

STATE BANK EVERLY IOWA 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 EVERLY IOWA has sponsored the creation of one or more 401k plans.

Company Name:STATE BANK OF EVERLY IOWA
Employer identification number (EIN):420617900
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK EVERLY IOWA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRIANNA DEAN2024-06-28
0012022-01-01BRIANNA DEAN2023-07-10
0012021-01-01BRIANNA DEAN2022-06-28
0012020-01-01BRIANNA DEAN2021-07-19
0012019-01-01BRIANNA DEAN2020-07-13
0012018-01-01KARLA SABOE2019-07-15
0012017-01-01KARLA SABOE2018-07-13
0012016-01-01KARLA SABOE2017-07-07
0012015-01-01KARLA SABOE2016-07-28
0012014-01-01KARLA SABOE2015-06-18
0012013-01-01KARLA SABOE2014-07-11
0012012-01-01KARLA SABOE2013-07-25
0012011-01-01KARLA SABOE2012-07-06
0012010-01-01KARLA SABOE2011-06-15

Plan Statistics for STATE BANK EVERLY IOWA 401(K) PLAN

401k plan membership statisitcs for STATE BANK EVERLY IOWA 401(K) PLAN

Measure Date Value
2025: STATE BANK EVERLY IOWA 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-1420
Total number of particpants at end of year2025-07-1419
Number of Participants With Account Balances2025-07-1419
2024: STATE BANK EVERLY IOWA 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-2820
Total number of particpants at end of year2024-06-2820
Number of Participants With Account Balances2024-06-2820
2022: STATE BANK EVERLY IOWA 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-2823
Total number of particpants at end of year2022-06-2821
Number of Participants With Account Balances2022-06-2820

Financial Data on STATE BANK EVERLY IOWA 401(K) PLAN

Measure Date Value
2025 : STATE BANK EVERLY IOWA 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-14404819
Net assets as of the end of the plan year2025-07-141984763
Total assets as of the beginning of the plan year2025-07-142112098
Value of plan covered by a fidelity bond2025-07-14200000
Participant contributions to plan in this plan year2025-07-1448612
Other income to plan in this plan year2025-07-14207303
Plan net income in this plan year2025-07-14-127335
Net assets as of the end of the plan year2025-07-141984763
Net assets as of the beginning of the plan year2025-07-142112098
Employer contributions to plan in this plan year2025-07-1421569
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-144126
2024 : STATE BANK EVERLY IOWA 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-28114354
Net assets as of the end of the plan year2024-06-282112098
Total assets as of the beginning of the plan year2024-06-281917269
Value of plan covered by a fidelity bond2024-06-28300000
Participant contributions to plan in this plan year2024-06-2841746
Other income to plan in this plan year2024-06-28249544
Plan net income in this plan year2024-06-28194829
Net assets as of the end of the plan year2024-06-282112098
Net assets as of the beginning of the plan year2024-06-281917269
Employer contributions to plan in this plan year2024-06-2817893
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-282854
2022 : STATE BANK EVERLY IOWA 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-28163703
Net assets as of the end of the plan year2022-06-282268311
Total assets as of the beginning of the plan year2022-06-282059428
Value of plan covered by a fidelity bond2022-06-281825000
Participant contributions to plan in this plan year2022-06-2850183
Other contributions to plan in this plan year2022-06-2824683
Other income to plan in this plan year2022-06-28280046
Plan net income in this plan year2022-06-28208883
Net assets as of the end of the plan year2022-06-282268311
Net assets as of the beginning of the plan year2022-06-282059428
Employer contributions to plan in this plan year2022-06-2817674
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-281323

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