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FIRST STATE BANK OMAHA 401(K) P/S PLAN 401k Plan overview

Plan NameFIRST STATE BANK OMAHA 401(K) P/S PLAN
Plan identification number 002

FIRST STATE BANK OMAHA 401(K) P/S 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.
  • 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 BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK
Employer identification number (EIN):470162740
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK OMAHA 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01TIM FRANZEN2023-05-17
0022021-01-01TIM FRANZEN2022-05-27 TIM FRANZEN2022-05-27

Financial Data on FIRST STATE BANK OMAHA 401(K) P/S PLAN

Measure Date Value
2025 : FIRST STATE BANK OMAHA 401(K) P/S PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-15146256
Net assets as of the end of the plan year2025-07-152236447
Total assets as of the beginning of the plan year2025-07-151858280
Value of plan covered by a fidelity bond2025-07-15500000
Participant contributions to plan in this plan year2025-07-15169971
Value of participant loans at end of plan year2025-07-154413
Other contributions to plan in this plan year2025-07-150
Other income to plan in this plan year2025-07-15256778
Plan net income in this plan year2025-07-15378167
Net assets as of the end of the plan year2025-07-152236447
Net assets as of the beginning of the plan year2025-07-151858280
Employer contributions to plan in this plan year2025-07-1597674
Fees paid to broker by Benefit Provider2025-07-151377
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-15425
2024 : FIRST STATE BANK OMAHA 401(K) P/S PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-2777368
Net assets as of the end of the plan year2024-06-271858280
Total assets as of the beginning of the plan year2024-06-271467609
Value of plan covered by a fidelity bond2024-06-27500000
Participant contributions to plan in this plan year2024-06-27149851
Value of participant loans at end of plan year2024-06-276833
Other contributions to plan in this plan year2024-06-27973
Other income to plan in this plan year2024-06-27231827
Plan net income in this plan year2024-06-27390671
Net assets as of the end of the plan year2024-06-271858280
Net assets as of the beginning of the plan year2024-06-271467609
Employer contributions to plan in this plan year2024-06-2785388
Fees paid to broker by Benefit Provider2024-06-272032
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-27310
2022 : FIRST STATE BANK OMAHA 401(K) P/S PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-311625538
Total expenses incurred by plan in this plan year2022-05-31192137
Net assets as of the end of the plan year2022-05-311922959
Value of plan covered by a fidelity bond2022-05-314000000
Participant contributions to plan in this plan year2022-05-31165518
Value of participant loans at end of plan year2022-05-3137026
Other contributions to plan in this plan year2022-05-318782
Other income to plan in this plan year2022-05-31238741
Plan net income in this plan year2022-05-31297421
Net assets as of the end of the plan year2022-05-311922959
Employer contributions to plan in this plan year2022-05-3176517
Fees paid to broker by Benefit Provider2022-05-311119

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