FIRST BANK OF THE LAKE has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST BANK OF THE LAKE SAVINGS & RETIREMENT PLAN
| Measure | Date | Value |
|---|
| 2023 : FIRST BANK OF THE LAKE SAVINGS & RETIREMENT PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $3,002,952 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $686,240 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $638,710 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $9,932 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,310,559 |
| Value of total assets at end of year | 2023-12-31 | $5,971,381 |
| Value of total assets at beginning of year | 2023-12-31 | $3,654,669 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $37,598 |
| Total interest from all sources | 2023-12-31 | $6,108 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $150,003 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $150,003 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,505,157 |
| Participant contributions at end of year | 2023-12-31 | $180,832 |
| Participant contributions at beginning of year | 2023-12-31 | $74,352 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $73,019 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $2,316,712 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $5,971,381 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $3,654,669 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $19,285 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $4,889,191 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $2,986,304 |
| Interest on participant loans | 2023-12-31 | $6,108 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $901,358 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $594,013 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $536,282 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $732,383 |
| Employer contributions (assets) at end of year | 2023-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $638,710 |
| Contract administrator fees | 2023-12-31 | $18,313 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-12-31 | Yes |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | SEAVER & FORCK, CPA |
| Accountancy firm EIN | 2023-12-31 | 261136632 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $3,002,952 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $686,240 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $638,710 |
| Expenses. Certain deemed distributions of participant loans | 2023-01-01 | $9,932 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $2,310,559 |
| Value of total assets at end of year | 2023-01-01 | $5,971,381 |
| Value of total assets at beginning of year | 2023-01-01 | $3,654,669 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $37,598 |
| Total interest from all sources | 2023-01-01 | $6,108 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $150,003 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $150,003 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $1,505,157 |
| Participant contributions at end of year | 2023-01-01 | $180,832 |
| Participant contributions at beginning of year | 2023-01-01 | $74,352 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $73,019 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $2,316,712 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $5,971,381 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $3,654,669 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Investment advisory and management fees | 2023-01-01 | $19,285 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $4,889,191 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $2,986,304 |
| Interest on participant loans | 2023-01-01 | $6,108 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $901,358 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $594,013 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $536,282 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $732,383 |
| Employer contributions (assets) at end of year | 2023-01-01 | $0 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $638,710 |
| Contract administrator fees | 2023-01-01 | $18,313 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2023-01-01 | Yes |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | SEAVER & FORCK, CPA |
| Accountancy firm EIN | 2023-01-01 | 261136632 |
| 2022 : FIRST BANK OF THE LAKE SAVINGS & RETIREMENT PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,385,214 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $265,157 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $261,154 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,829,397 |
| Value of total assets at end of year | 2022-12-31 | $3,654,669 |
| Value of total assets at beginning of year | 2022-12-31 | $2,534,612 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $4,003 |
| Total interest from all sources | 2022-12-31 | $3,776 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $76,217 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $76,217 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,084,227 |
| Participant contributions at end of year | 2022-12-31 | $74,352 |
| Participant contributions at beginning of year | 2022-12-31 | $105,963 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $241,864 |
| Other income not declared elsewhere | 2022-12-31 | $23,328 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $1,120,057 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $3,654,669 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $2,534,612 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $2,986,304 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,428,649 |
| Interest on participant loans | 2022-12-31 | $3,776 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $594,013 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-547,504 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $503,306 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $261,154 |
| Contract administrator fees | 2022-12-31 | $4,003 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | SEAVER & FORCK, CPA |
| Accountancy firm EIN | 2022-12-31 | 261136632 |
| Total expenses incurred by plan in this plan year | 2022-10-05 | 149076 |
| Net assets as of the end of the plan year | 2022-10-05 | 2534612 |
| Total assets as of the beginning of the plan year | 2022-10-05 | 1401141 |
| Value of plan covered by a fidelity bond | 2022-10-05 | 500000 |
| Participant contributions to plan in this plan year | 2022-10-05 | 681177 |
| Value of participant loans at end of plan year | 2022-10-05 | 105963 |
| Other contributions to plan in this plan year | 2022-10-05 | 91302 |
| Other income to plan in this plan year | 2022-10-05 | 216651 |
| Plan net income in this plan year | 2022-10-05 | 1133471 |
| Net assets as of the end of the plan year | 2022-10-05 | 2534612 |
| Net assets as of the beginning of the plan year | 2022-10-05 | 1401141 |
| Employer contributions to plan in this plan year | 2022-10-05 | 293417 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-05 | 1515 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $1,385,214 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $265,157 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $261,154 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,829,397 |
| Value of total assets at end of year | 2022-01-01 | $3,654,669 |
| Value of total assets at beginning of year | 2022-01-01 | $2,534,612 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $4,003 |
| Total interest from all sources | 2022-01-01 | $3,776 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $76,217 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $76,217 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $1,084,227 |
| Participant contributions at end of year | 2022-01-01 | $74,352 |
| Participant contributions at beginning of year | 2022-01-01 | $105,963 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $241,864 |
| Other income not declared elsewhere | 2022-01-01 | $23,328 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $1,120,057 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $3,654,669 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $2,534,612 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $2,986,304 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $2,428,649 |
| Interest on participant loans | 2022-01-01 | $3,776 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $594,013 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-547,504 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $503,306 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $261,154 |
| Contract administrator fees | 2022-01-01 | $4,003 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-01-01 | Yes |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | SEAVER & FORCK, CPA |
| Accountancy firm EIN | 2022-01-01 | 261136632 |
