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EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 401k Plan overview

Plan NameEMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT
Plan identification number 001

EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 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

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

Company Name:THE BANK OF TESCOTT
Employer identification number (EIN):480130470
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LARRY FIEF2024-02-29
0012022-01-01LARRY FIEF2023-02-17
0012021-01-01LARRY FIEF2022-01-28
0012020-01-01LARRY FIEF2021-03-04
0012019-01-01LARRY FIEF2020-02-12
0012018-01-01LARRY FIEF2019-02-14
0012017-01-01LARRY FIEF2018-02-26
0012016-01-01LARRY FIEF2017-01-17
0012015-01-01LARRY FIEF2016-02-11
0012013-01-01LARRY FIEF2014-02-21
0012012-01-01LARRY FIEF2013-03-21
0012011-01-01LARRY FIEF2012-02-16
0012010-01-01LARRY FIEF2011-03-22

Plan Statistics for EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT

401k plan membership statisitcs for EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT

Measure Date Value
2025: EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2025 401k membership
Total number of particpants at beginning of year2025-02-1471
Total number of particpants at end of year2025-02-1471
Number of Participants With Account Balances2025-02-1468
2024: EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2024 401k membership
Total number of particpants at beginning of year2024-02-2976
Total number of particpants at end of year2024-02-2971
Number of Participants With Account Balances2024-02-2968
2022: EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2022 401k membership
Total number of particpants at beginning of year2022-02-1470
Total number of particpants at end of year2022-02-1470
Number of Participants With Account Balances2022-02-1466

Financial Data on EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT

Measure Date Value
2025 : EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2025 401k financial data
Total expenses incurred by plan in this plan year2025-02-14831732
Net assets as of the end of the plan year2025-02-1412475470
Total assets as of the beginning of the plan year2025-02-1411195323
Value of plan covered by a fidelity bond2025-02-144000000
Participant contributions to plan in this plan year2025-02-14263401
Other income to plan in this plan year2025-02-141690074
Plan net income in this plan year2025-02-141280147
Net assets as of the end of the plan year2025-02-1412475470
Net assets as of the beginning of the plan year2025-02-1411195323
Employer contributions to plan in this plan year2025-02-14158404
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-1435663
2024 : EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-29667915
Net assets as of the end of the plan year2024-02-2911195323
Total assets as of the beginning of the plan year2024-02-299916427
Value of plan covered by a fidelity bond2024-02-294000000
Participant contributions to plan in this plan year2024-02-29245795
Other income to plan in this plan year2024-02-291557667
Plan net income in this plan year2024-02-291278896
Net assets as of the end of the plan year2024-02-2911195323
Net assets as of the beginning of the plan year2024-02-299916427
Employer contributions to plan in this plan year2024-02-29143349
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-2922591
2022 : EMPLOYEE PROFIT SHARING PLAN OF THE BANK OF TESCOTT 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-142041627
Net assets as of the end of the plan year2022-02-1412093170
Total assets as of the beginning of the plan year2022-02-1411829227
Value of plan covered by a fidelity bond2022-02-144750000
Participant contributions to plan in this plan year2022-02-14238250
Other income to plan in this plan year2022-02-141819096
Plan net income in this plan year2022-02-14263943
Net assets as of the end of the plan year2022-02-1412093170
Net assets as of the beginning of the plan year2022-02-1411829227
Employer contributions to plan in this plan year2022-02-14248224
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-144734

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