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FIRST STATE BANK OF MUNICH 401(K) PLAN 401k Plan overview

Plan NameFIRST STATE BANK OF MUNICH 401(K) PLAN
Plan identification number 001

FIRST STATE BANK OF MUNICH 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

HORIZON FINANCIAL BANK has sponsored the creation of one or more 401k plans.

Company Name:HORIZON FINANCIAL BANK
Employer identification number (EIN):450134889
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARIA HOFFMAN2025-01-13
0012022-01-01MARIA HOFFMAN2023-09-26
0012021-01-01MARIA HOFFMAN2022-06-29
0012020-01-01MARIA HOFFMAN2021-06-24
0012019-01-01MARIA HOFFMAN2020-07-20
0012018-01-01MARIA HOFFMAN2019-05-31
0012017-01-01MARIA HOFFMAN2018-10-01
0012016-01-01DEBRA GEFROH2017-07-28 DEBRA GEFROH2017-07-28
0012015-01-01DEBRA GEFROH2016-07-15
0012014-01-01DENISE M HORNSTEIN2015-06-24 DENISE M HORNSTEIN2015-06-24
0012013-01-01DENISE M HORNSTEIN2014-07-25 DENISE M HORNSTEIN2014-07-25
0012012-01-01DENISE M HORNSTEIN2013-07-16 DENISE M HORNSTEIN2013-07-16
0012011-01-01DENISE HORNSTEIN2012-06-21 DENISE HORNSTEIN2012-06-21
0012009-01-01CHERYL MARTINSON

Financial Data on FIRST STATE BANK OF MUNICH 401(K) PLAN

Measure Date Value
2025 : FIRST STATE BANK OF MUNICH 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-041122952
Net assets as of the end of the plan year2025-08-042551875
Total assets as of the beginning of the plan year2025-08-043297626
Value of plan covered by a fidelity bond2025-08-042500000
Participant contributions to plan in this plan year2025-08-0486102
Other contributions to plan in this plan year2025-08-048723
Other income to plan in this plan year2025-08-04227405
Plan net income in this plan year2025-08-04-745751
Net assets as of the end of the plan year2025-08-042551875
Net assets as of the beginning of the plan year2025-08-043297626
Employer contributions to plan in this plan year2025-08-0454971
Fees paid to broker by Benefit Provider2025-08-0413276
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-040
Total expenses incurred by plan in this plan year2025-01-132287165
Net assets as of the end of the plan year2025-01-133297626
Total assets as of the beginning of the plan year2025-01-134722003
Value of plan covered by a fidelity bond2025-01-132500000
Participant contributions to plan in this plan year2025-01-1382590
Other contributions to plan in this plan year2025-01-130
Other income to plan in this plan year2025-01-13732929
Plan net income in this plan year2025-01-13-1424377
Net assets as of the end of the plan year2025-01-133297626
Net assets as of the beginning of the plan year2025-01-134722003
Employer contributions to plan in this plan year2025-01-1347269
Fees paid to broker by Benefit Provider2025-01-1312221
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-139102
2010 : FIRST STATE BANK OF MUNICH 401(K) PLAN 2010 401k financial data
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$368,694
Expenses. Total of all expenses incurred2010-12-31$2,507
Benefits paid (including direct rollovers)2010-12-31$2,467
Total plan assets at end of year2010-12-31$2,019,732
Total plan assets at beginning of year2010-12-31$1,653,545
Value of fidelity bond covering the plan2010-12-31$2,275,000
Total contributions received or receivable from participants2010-12-31$73,452
Expenses. Other expenses not covered elsewhere2010-12-31$40
Other income received2010-12-31$268,707
Net income (gross income less expenses)2010-12-31$366,187
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,019,732
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,653,545
Total contributions received or receivable from employer(s)2010-12-31$26,535
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : FIRST STATE BANK OF MUNICH 401(K) 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 BANK OF MUNICH 401(K) PLAN

2009: FIRST STATE BANK OF MUNICH 401(K) 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

Potentially related plans

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