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EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

AMERICAN BANK OF BAXTER SPRINGS has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN BANK OF BAXTER SPRINGS
Employer identification number (EIN):480119910
NAIC Classification:523110
NAIC Description:Investment Banking and Securities Dealing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JESSICA GILMAN2024-07-25
0012022-01-01TAYLOR HIGHT2023-07-27
0012021-01-01TAYLOR HIGHT2022-07-27
0012020-01-01TAYLOR HIGHT2021-07-26
0012019-01-01TAYLOR HIGHT2020-04-24 TAYLOR HIGHT2020-04-24
0012019-01-01TAYLOR HIGHT2020-04-24
0012018-01-01TAYLOR HIGHT2019-07-12

Financial Data on EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-170
Total liabilities as of the end of the plan year2025-06-170
Total liabilities as of the beginning of the plan year2025-06-170
Total expenses incurred by plan in this plan year2025-06-17112958
Net assets as of the end of the plan year2025-06-171193700
Total assets as of the beginning of the plan year2025-06-17979671
Value of plan covered by a fidelity bond2025-06-173000000
Participant contributions to plan in this plan year2025-06-1798131
Other expenses paid from plan in this plan year2025-06-170
Other contributions to plan in this plan year2025-06-170
Other income to plan in this plan year2025-06-17177383
Plan net income in this plan year2025-06-17214029
Net assets as of the end of the plan year2025-06-171193700
Net assets as of the beginning of the plan year2025-06-17979671
Employer contributions to plan in this plan year2025-06-1751473
Fees paid to broker by Benefit Provider2025-06-17142
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-17172
2024 : EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-250
Total liabilities as of the end of the plan year2024-07-250
Total liabilities as of the beginning of the plan year2024-07-250
Total expenses incurred by plan in this plan year2024-07-251541
Net assets as of the end of the plan year2024-07-25979671
Total assets as of the beginning of the plan year2024-07-25686489
Value of plan covered by a fidelity bond2024-07-253000000
Participant contributions to plan in this plan year2024-07-2592668
Value of participant loans at end of plan year2024-07-25859
Other expenses paid from plan in this plan year2024-07-250
Other contributions to plan in this plan year2024-07-250
Other income to plan in this plan year2024-07-25154958
Plan net income in this plan year2024-07-25293182
Net assets as of the end of the plan year2024-07-25979671
Net assets as of the beginning of the plan year2024-07-25686489
Employer contributions to plan in this plan year2024-07-2547097
Fees paid to broker by Benefit Provider2024-07-25140
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-2582

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