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BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF THE VALLEY 401(K) PROFIT SHARING PLAN
Plan identification number 001

BANK OF THE VALLEY 401(K) PROFIT SHARING 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.
  • 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 THE VALLEY has sponsored the creation of one or more 401k plans.

Company Name:BANK OF THE VALLEY
Employer identification number (EIN):470670238
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01LARRY E. MCPHILLIPS2015-10-08
0012013-01-01LARRY E. MCPHILLIPS2014-07-14
0012012-01-01LARRY E. MCPHILLIPS2013-08-12
0012011-01-01LARRY E. MCPHILLIPS
0012009-01-01LARRY E. MCPHILLIPS LARRY E. MCPHILLIPS2010-06-23

Financial Data on BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-08669825
Net assets as of the end of the plan year2025-07-086600922
Total assets as of the beginning of the plan year2025-07-085631889
Value of plan covered by a fidelity bond2025-07-085000000
Participant contributions to plan in this plan year2025-07-08439216
Value of participant loans at end of plan year2025-07-08119535
Other contributions to plan in this plan year2025-07-0860452
Other income to plan in this plan year2025-07-08818340
Plan net income in this plan year2025-07-08969033
Net assets as of the end of the plan year2025-07-086600922
Net assets as of the beginning of the plan year2025-07-085631889
Employer contributions to plan in this plan year2025-07-08320850
Fees paid to broker by Benefit Provider2025-07-0829205
2024 : BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-25278158
Net assets as of the end of the plan year2024-07-255631889
Total assets as of the beginning of the plan year2024-07-254158562
Value of plan covered by a fidelity bond2024-07-254000000
Participant contributions to plan in this plan year2024-07-25412284
Value of participant loans at end of plan year2024-07-2584831
Other contributions to plan in this plan year2024-07-25196690
Other income to plan in this plan year2024-07-25832181
Plan net income in this plan year2024-07-251473327
Net assets as of the end of the plan year2024-07-255631889
Net assets as of the beginning of the plan year2024-07-254158562
Employer contributions to plan in this plan year2024-07-25310330
Fees paid to broker by Benefit Provider2024-07-2521717
2011 : BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$98,602
Expenses. Total of all expenses incurred2011-12-31$23,945
Benefits paid (including direct rollovers)2011-12-31$23,945
Total plan assets at end of year2011-12-31$772,194
Total plan assets at beginning of year2011-12-31$697,537
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$72,381
Other income received2011-12-31$-14,599
Net income (gross income less expenses)2011-12-31$74,657
Net plan assets at end of year (total assets less liabilities)2011-12-31$772,194
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$697,537
Assets. Value of participant loans2011-12-31$38,784
Total contributions received or receivable from employer(s)2011-12-31$40,820
2010 : BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$167,467
Expenses. Total of all expenses incurred2010-12-31$0
Total plan assets at end of year2010-12-31$697,537
Total plan assets at beginning of year2010-12-31$530,070
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$49,780
Other income received2010-12-31$80,218
Net income (gross income less expenses)2010-12-31$167,467
Net plan assets at end of year (total assets less liabilities)2010-12-31$697,537
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$530,070
Assets. Value of participant loans2010-12-31$45,634
Total contributions received or receivable from employer(s)2010-12-31$37,469

Form 5500 Responses for BANK OF THE VALLEY 401(K) PROFIT SHARING PLAN

2011: BANK OF THE VALLEY 401(K) PROFIT SHARING 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 is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BANK OF THE VALLEY 401(K) PROFIT SHARING 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

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