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BANK OF GEORGETOWN 401(K) PLAN 401k Plan overview

Plan NameBANK OF GEORGETOWN 401(K) PLAN
Plan identification number 001

BANK OF GEORGETOWN 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:BANK OF GEORGETOWN
Employer identification number (EIN):450532891
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01ANA SEELMAN
0012015-01-01ANA SEELMAN
0012014-01-01DOMINGO RODRIGUEZ2015-04-07
0012013-01-01DOMINGO RODRIGUEZ2014-06-17
0012012-01-01DOMINGO RODRIGUEZ
0012011-01-01DOMINGO RODRIGUEZ2012-07-03
0012010-01-01MICHELE MCKNIGHT2011-07-14

Plan Statistics for BANK OF GEORGETOWN 401(K) PLAN

401k plan membership statisitcs for BANK OF GEORGETOWN 401(K) PLAN

Measure Date Value
2016: BANK OF GEORGETOWN 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01113
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: BANK OF GEORGETOWN 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01117
Total number of active participants reported on line 7a of the Form 55002015-01-01100
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0113
Total of all active and inactive participants2015-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01113
Number of participants with account balances2015-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2012: BANK OF GEORGETOWN 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0191
Total number of active participants reported on line 7a of the Form 55002012-01-0183
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-019
Total of all active and inactive participants2012-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-0193
Number of participants with account balances2012-01-0180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on BANK OF GEORGETOWN 401(K) PLAN

Measure Date Value
2016 : BANK OF GEORGETOWN 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-10-21$0
Total plan liabilities at end of year2016-10-21$0
Total plan liabilities at beginning of year2016-10-21$0
Total income from all sources2016-10-21$469,928
Expenses. Total of all expenses incurred2016-10-21$6,183,513
Benefits paid (including direct rollovers)2016-10-21$6,165,122
Total plan assets at end of year2016-10-21$0
Total plan assets at beginning of year2016-10-21$5,713,585
Value of fidelity bond covering the plan2016-10-21$5,000,000
Total contributions received or receivable from participants2016-10-21$208,119
Expenses. Other expenses not covered elsewhere2016-10-21$0
Contributions received from other sources (not participants or employers)2016-10-21$0
Other income received2016-10-21$135,389
Noncash contributions received2016-10-21$0
Net income (gross income less expenses)2016-10-21$-5,713,585
Net plan assets at end of year (total assets less liabilities)2016-10-21$0
Net plan assets at beginning of year (total assets less liabilities)2016-10-21$5,713,585
Assets. Value of participant loans2016-10-21$0
Total contributions received or receivable from employer(s)2016-10-21$126,420
Value of certain deemed distributions of participant loans2016-10-21$0
Value of corrective distributions2016-10-21$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-10-21$18,391
2015 : BANK OF GEORGETOWN 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$772,024
Expenses. Total of all expenses incurred2015-12-31$296,626
Benefits paid (including direct rollovers)2015-12-31$259,966
Total plan assets at end of year2015-12-31$5,713,585
Total plan assets at beginning of year2015-12-31$5,238,187
Value of fidelity bond covering the plan2015-12-31$5,000,000
Total contributions received or receivable from participants2015-12-31$532,981
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$16,243
Other income received2015-12-31$-94,457
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$475,398
Net plan assets at end of year (total assets less liabilities)2015-12-31$5,713,585
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$5,238,187
Assets. Value of participant loans2015-12-31$166,699
Total contributions received or receivable from employer(s)2015-12-31$317,257
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$36,660
2012 : BANK OF GEORGETOWN 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$1,017,152
Expenses. Total of all expenses incurred2012-12-31$202,675
Benefits paid (including direct rollovers)2012-12-31$191,979
Total plan assets at end of year2012-12-31$3,214,563
Total plan assets at beginning of year2012-12-31$2,400,086
Value of fidelity bond covering the plan2012-12-31$2,000,000
Total contributions received or receivable from participants2012-12-31$379,781
Contributions received from other sources (not participants or employers)2012-12-31$74,652
Other income received2012-12-31$325,576
Net income (gross income less expenses)2012-12-31$814,477
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,214,563
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,400,086
Assets. Value of participant loans2012-12-31$89,477
Total contributions received or receivable from employer(s)2012-12-31$237,143
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$10,696
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for BANK OF GEORGETOWN 401(K) PLAN

2016: BANK OF GEORGETOWN 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BANK OF GEORGETOWN 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2012: BANK OF GEORGETOWN 401(K) 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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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