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FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameFIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

FIRST STATE BANK OF RANSOM has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK OF RANSOM
Employer identification number (EIN):480221560
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01DARLENE TILLITSON2023-06-14
0012021-01-01DARLENE TILLITSON2022-02-25
0012020-01-01DARLENE TILLITSON2021-02-26
0012019-01-01DARLENE TILLITSON2020-03-12
0012018-01-01DARLENE TILLITSON2019-03-07
0012017-01-01DARLENE TILLITSON2018-02-21
0012016-01-01DARLENE TILLITSON2017-02-13
0012015-01-01DARLENE TILLITSON2016-02-09
0012014-01-01DARLENE TILLITSON2015-02-09
0012013-01-01DARLENE TILLITSON2014-03-03
0012012-01-01DARLENE TILLITSON2013-04-15
0012011-01-01DARLENE TILLITSON2012-06-01
0012010-01-01H. WAYNE HOBBICK2011-06-28

Financial Data on FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-050
Total liabilities as of the beginning of the plan year2025-09-050
Total expenses incurred by plan in this plan year2025-09-058206
Net assets as of the end of the plan year2025-09-05813922
Total assets as of the beginning of the plan year2025-09-05715671
Value of plan covered by a fidelity bond2025-09-051675000
Participant contributions to plan in this plan year2025-09-0511915
Other income to plan in this plan year2025-09-0591542
Plan net income in this plan year2025-09-0598251
Net assets as of the end of the plan year2025-09-05813922
Net assets as of the beginning of the plan year2025-09-05715671
Employer contributions to plan in this plan year2025-09-053000
Fees paid to broker by Benefit Provider2025-09-052104
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-055351
2024 : FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-30170863
Net assets as of the end of the plan year2024-09-30715671
Total assets as of the beginning of the plan year2024-09-30820685
Value of plan covered by a fidelity bond2024-09-301675000
Participant contributions to plan in this plan year2024-09-3025000
Other income to plan in this plan year2024-09-3037849
Plan net income in this plan year2024-09-30-105014
Net assets as of the end of the plan year2024-09-30715671
Net assets as of the beginning of the plan year2024-09-30820685
Employer contributions to plan in this plan year2024-09-303000
Fees paid to broker by Benefit Provider2024-09-301943
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-304856
2022 : FIRST STATE BANK OF RANSOM 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-2829448
Net assets as of the end of the plan year2022-02-28910966
Total assets as of the beginning of the plan year2022-02-28809106
Value of plan covered by a fidelity bond2022-02-281675000
Participant contributions to plan in this plan year2022-02-2824600
Other income to plan in this plan year2022-02-2888748
Plan net income in this plan year2022-02-28101860
Net assets as of the end of the plan year2022-02-28910966
Net assets as of the beginning of the plan year2022-02-28809106
Employer contributions to plan in this plan year2022-02-2817960
Fees paid to broker by Benefit Provider2022-02-282293
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-286309

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