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FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 401k Plan overview

Plan NameFIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN
Plan identification number 002

FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT 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.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRST STATE BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANCORP, INC.
Employer identification number (EIN):431281074
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022014-01-01MARY STAFFORD DUANE MICHIE2014-07-22
0022013-01-01MARY STAFFORD DUANE MICHIE2014-07-23
0022012-01-01MARY STAFFORD DUANE MICHIE2013-07-25
0022011-01-01MARY STAFFORD
0022009-01-01MARY STAFFORD
0022009-01-01MARY STAFFORD

Plan Statistics for FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN

401k plan membership statisitcs for FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN

Measure Date Value
2014: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01129
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01124
Total number of active participants reported on line 7a of the Form 55002013-01-0193
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0125
Total of all active and inactive participants2013-01-01118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01118
Number of participants with account balances2013-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011
2012: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01117
Total number of active participants reported on line 7a of the Form 55002012-01-01102
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0117
Total of all active and inactive participants2012-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01119
Number of participants with account balances2012-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01123
Total number of active participants reported on line 7a of the Form 55002011-01-0198
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 participants2011-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01117
Number of participants with account balances2011-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2009: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01121
Total number of active participants reported on line 7a of the Form 55002009-01-01104
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 participants2009-01-01119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01120
Number of participants with account balances2009-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0110

Financial Data on FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN

Measure Date Value
2014 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-01-01$0
Unrealized appreciation/depreciation of other (non real estate) assets2014-01-01$0
Total unrealized appreciation/depreciation of assets2014-01-01$0
Total transfer of assets to this plan2014-01-01$0
Total transfer of assets from this plan2014-01-01$8,290,546
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-01-01$0
Total income from all sources (including contributions)2014-01-01$-10
Total loss/gain on sale of assets2014-01-01$0
Total of all expenses incurred2014-01-01$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-01-01$0
Expenses. Certain deemed distributions of participant loans2014-01-01$0
Value of total corrective distributions2014-01-01$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-01-01$0
Value of total assets at end of year2014-01-01$0
Value of total assets at beginning of year2014-01-01$8,290,556
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-01-01$0
Total income from rents2014-01-01$0
Total interest from all sources2014-01-01$-9
Total dividends received (eg from common stock, registered investment company shares)2014-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2014-01-01$0
Administrative expenses professional fees incurred2014-01-01$0
Was this plan covered by a fidelity bond2014-01-01Yes
Value of fidelity bond cover2014-01-01$3,000,000
If this is an individual account plan, was there a blackout period2014-01-01No
Were there any nonexempt tranactions with any party-in-interest2014-01-01No
Contributions received from participants2014-01-01$0
Participant contributions at end of year2014-01-01$0
Participant contributions at beginning of year2014-01-01$92,754
Participant contributions at end of year2014-01-01$0
Participant contributions at beginning of year2014-01-01$0
Income. Received or receivable in cash from other sources (including rollovers)2014-01-01$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-01-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-01-01$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-01-01$0
Other income not declared elsewhere2014-01-01$0
Administrative expenses (other) incurred2014-01-01$0
Liabilities. Value of operating payables at beginning of year2014-01-01$0
Total non interest bearing cash at end of year2014-01-01$0
Total non interest bearing cash at beginning of year2014-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-01-01No
Value of net income/loss2014-01-01$-10
Value of net assets at end of year (total assets less liabilities)2014-01-01$0
Value of net assets at beginning of year (total assets less liabilities)2014-01-01$8,290,556
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2014-01-01No
Were any leases to which the plan was party in default or uncollectible2014-01-01No
Investment advisory and management fees2014-01-01$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-01-01$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-01-01$1,459,088
Value of interest in pooled separate accounts at end of year2014-01-01$0
Value of interest in pooled separate accounts at beginning of year2014-01-01$152,788
Interest on participant loans2014-01-01$-28
Income. Interest from loans (other than to participants)2014-01-01$0
Interest earned on other investments2014-01-01$19
Income. Interest from US Government securities2014-01-01$0
Income. Interest from corporate debt instruments2014-01-01$0
Value of interest in common/collective trusts at end of year2014-01-01$0
Value of interest in common/collective trusts at beginning of year2014-01-01$6,143,664
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-01-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-01-01$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-01-01$442,262
Expenses. Payments to insurance carriers foe the provision of benefits2014-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-01-01$0
Net investment gain/loss from pooled separate accounts2014-01-01$-1
Net investment gain or loss from common/collective trusts2014-01-01$0
Net gain/loss from 103.12 investment entities2014-01-01$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-01-01No
Was there a failure to transmit to the plan any participant contributions2014-01-01No
Has the plan failed to provide any benefit when due under the plan2014-01-01No
Contributions received in cash from employer2014-01-01$0
Employer contributions (assets) at end of year2014-01-01$0
Employer contributions (assets) at beginning of year2014-01-01$0
Income. Dividends from preferred stock2014-01-01$0
Income. Dividends from common stock2014-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-01-01$0
Contract administrator fees2014-01-01$0
Liabilities. Value of benefit claims payable at beginning of year2014-01-01$0
Did the plan have assets held for investment2014-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-01-01Yes
Aggregate proceeds on sale of assets2014-01-01$0
Aggregate carrying amount (costs) on sale of assets2014-01-01$0
Liabilities. Value of acquisition indebtedness at beginning of year2014-01-01$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-01-01Yes
Opinion of an independent qualified public accountant for this plan2014-01-01Disclaimer
Accountancy firm name2014-01-01BKD, LLP
Accountancy firm EIN2014-01-01440160260
2013 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,405,105
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$569,180
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$568,389
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Value of total corrective distributions2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$266,426
Value of total assets at end of year2013-12-31$8,290,556
Value of total assets at beginning of year2013-12-31$7,454,631
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$791
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$3,385
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$145,320
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$145,320
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$3,000,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
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
Amount of non-exempt transactions with any party-in-interest2013-12-31$0
Contributions received from participants2013-12-31$204,695
Participant contributions at end of year2013-12-31$92,754
Participant contributions at beginning of year2013-12-31$156,554
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$23,638
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$0
Administrative expenses (other) incurred2013-12-31$751
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$835,925
Value of net assets at end of year (total assets less liabilities)2013-12-31$8,290,556
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,454,631
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
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 year2013-12-31$0
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,459,088
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$6,504,834
Value of interest in pooled separate accounts at end of year2013-12-31$152,788
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$2,909
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$415
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Value of interest in common/collective trusts at end of year2013-12-31$6,143,664
Value of interest in common/collective trusts at beginning of year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$793,243
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$793,243
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$61
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$442,262
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$837,839
Net investment gain/loss from pooled separate accounts2013-12-31$7,962
Net investment gain or loss from common/collective trusts2013-12-31$144,173
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
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
Contributions received in cash from employer2013-12-31$38,093
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$568,389
Contract administrator fees2013-12-31$40
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
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
Aggregate proceeds on sale of assets2013-12-31$0
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountancy firm name2013-12-31BKD, LLP
Accountancy firm EIN2013-12-31440160260
2012 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$989,129
Total of all expenses incurred2012-12-31$203,399
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$202,551
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$264,142
Value of total assets at end of year2012-12-31$7,454,631
Value of total assets at beginning of year2012-12-31$6,668,901
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$848
Total interest from all sources2012-12-31$3,489
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$201,041
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$201,041
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$218,690
Participant contributions at end of year2012-12-31$156,554
Participant contributions at beginning of year2012-12-31$134,736
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$5,437
Administrative expenses (other) incurred2012-12-31$848
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$785,730
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,454,631
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,668,901
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$6,504,834
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$5,754,932
Interest on participant loans2012-12-31$3,410
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$793,243
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$779,233
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$779,233
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$79
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$520,457
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
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
Contributions received in cash from employer2012-12-31$40,015
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$202,551
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BKD, LLP
Accountancy firm EIN2012-12-31440160260
2011 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$197,746
Total of all expenses incurred2011-12-31$434,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$434,233
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$254,754
Value of total assets at end of year2011-12-31$6,668,901
Value of total assets at beginning of year2011-12-31$6,906,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$633
Total interest from all sources2011-12-31$4,799
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$160,243
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$160,243
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
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
Contributions received from participants2011-12-31$216,106
Participant contributions at end of year2011-12-31$134,736
Participant contributions at beginning of year2011-12-31$191,324
Administrative expenses (other) incurred2011-12-31$633
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-237,120
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,668,901
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,906,021
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$5,754,932
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,242,942
Interest on participant loans2011-12-31$4,736
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$779,233
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$471,755
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$471,755
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$63
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-222,050
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
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
Contributions received in cash from employer2011-12-31$38,648
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$434,233
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BKD
Accountancy firm EIN2011-12-31440160260
2010 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$982,249
Total of all expenses incurred2010-12-31$159,822
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$158,426
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$268,216
Value of total assets at end of year2010-12-31$6,906,021
Value of total assets at beginning of year2010-12-31$6,083,594
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,396
Total interest from all sources2010-12-31$5,489
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$131,424
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$131,424
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
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$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$227,020
Participant contributions at end of year2010-12-31$191,324
Participant contributions at beginning of year2010-12-31$111,258
Administrative expenses (other) incurred2010-12-31$1,396
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$822,427
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,906,021
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,083,594
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,242,942
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,256,061
Interest on participant loans2010-12-31$5,407
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$471,755
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$716,275
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$716,275
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$82
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$577,120
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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
Contributions received in cash from employer2010-12-31$41,196
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$158,426
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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
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 name2010-12-31BKD LLP
Accountancy firm EIN2010-12-31440160260
2009 : FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT 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$0

Form 5500 Responses for FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN

2014: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT 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 filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT 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 funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FIRST STATE BANCORP, INC. PROFIT SHARING AND THRIFT 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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