Logo

STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSTATE BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:STATE BANK
Employer identification number (EIN):481027119
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01MICHAEL MENSE MICHAEL MENSE2018-08-08
0012016-01-01MICHAEL MENSE MICHAEL MENSE2017-03-10
0012015-01-01MICHAEL MENSE MICHAEL MENSE2016-09-01
0012014-01-01MICHAEL MENSE MICHAEL MENSE2015-07-23
0012013-01-01MICHAEL MENSE
0012012-01-01MICHAEL MENSE
0012011-01-01MICHAEL MENSE
0012010-01-01MICHAEL MENSE
0012009-01-01MICHAEL MENSE

Financial Data on STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2017 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$1,575,000
Total income from all sources2017-12-31$2,052,233
Expenses. Total of all expenses incurred2017-12-31$27,690,925
Benefits paid (including direct rollovers)2017-12-31$27,690,925
Total plan assets at end of year2017-12-31$0
Total plan assets at beginning of year2017-12-31$27,213,692
Value of fidelity bond covering the plan2017-12-31$2,800,000
Other income received2017-12-31$2,052,233
Net income (gross income less expenses)2017-12-31$-25,638,692
Net plan assets at end of year (total assets less liabilities)2017-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$25,638,692
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$1,575,000
Total plan liabilities at beginning of year2016-12-31$1,814,148
Total income from all sources2016-12-31$5,353,207
Expenses. Total of all expenses incurred2016-12-31$70,811
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$27,213,692
Total plan assets at beginning of year2016-12-31$22,170,444
Value of fidelity bond covering the plan2016-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2016-12-31$70,811
Other income received2016-12-31$5,137,207
Net income (gross income less expenses)2016-12-31$5,282,396
Net plan assets at end of year (total assets less liabilities)2016-12-31$25,638,692
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$20,356,296
Assets. Value of employer securities2016-12-31$20,372,193
Total contributions received or receivable from employer(s)2016-12-31$216,000
2015 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$1,814,148
Total plan liabilities at beginning of year2015-12-31$2,117,274
Total income from all sources2015-12-31$3,213,365
Expenses. Total of all expenses incurred2015-12-31$593,604
Benefits paid (including direct rollovers)2015-12-31$531,236
Total plan assets at end of year2015-12-31$22,170,444
Total plan assets at beginning of year2015-12-31$19,853,809
Value of fidelity bond covering the plan2015-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2015-12-31$62,368
Other income received2015-12-31$3,013,365
Net income (gross income less expenses)2015-12-31$2,619,761
Net plan assets at end of year (total assets less liabilities)2015-12-31$20,356,296
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$17,736,535
Assets. Value of employer securities2015-12-31$15,917,641
Total contributions received or receivable from employer(s)2015-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$2,117,274
Total plan liabilities at beginning of year2014-12-31$2,420,848
Total income from all sources2014-12-31$2,032,153
Expenses. Total of all expenses incurred2014-12-31$658,821
Benefits paid (including direct rollovers)2014-12-31$575,480
Total plan assets at end of year2014-12-31$19,853,809
Total plan assets at beginning of year2014-12-31$18,784,051
Value of fidelity bond covering the plan2014-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2014-12-31$83,341
Other income received2014-12-31$1,832,153
Net income (gross income less expenses)2014-12-31$1,373,332
Net plan assets at end of year (total assets less liabilities)2014-12-31$17,736,535
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$16,363,203
Assets. Value of employer securities2014-12-31$14,038,212
Total contributions received or receivable from employer(s)2014-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$2,420,848
Total plan liabilities at beginning of year2013-12-31$2,723,379
Total income from all sources2013-12-31$1,207,644
Expenses. Total of all expenses incurred2013-12-31$456,505
Benefits paid (including direct rollovers)2013-12-31$360,544
Total plan assets at end of year2013-12-31$18,784,051
Total plan assets at beginning of year2013-12-31$18,335,443
Value of fidelity bond covering the plan2013-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2013-12-31$95,961
Other income received2013-12-31$1,007,644
Net income (gross income less expenses)2013-12-31$751,139
Net plan assets at end of year (total assets less liabilities)2013-12-31$16,363,203
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$15,612,064
Assets. Value of employer securities2013-12-31$13,218,176
Total contributions received or receivable from employer(s)2013-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$2,723,379
Total plan liabilities at beginning of year2012-12-31$2,931,409
Total income from all sources2012-12-31$1,510,228
Expenses. Total of all expenses incurred2012-12-31$159,262
Benefits paid (including direct rollovers)2012-12-31$33,859
Total plan assets at end of year2012-12-31$18,335,443
Total plan assets at beginning of year2012-12-31$17,192,507
Value of fidelity bond covering the plan2012-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2012-12-31$125,403
Other income received2012-12-31$1,310,228
Net income (gross income less expenses)2012-12-31$1,350,966
Net plan assets at end of year (total assets less liabilities)2012-12-31$15,612,064
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$14,261,098
Assets. Value of employer securities2012-12-31$13,116,838
Total contributions received or receivable from employer(s)2012-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$2,931,409
Total plan liabilities at beginning of year2011-12-31$483,497
Total income from all sources2011-12-31$640,241
Expenses. Total of all expenses incurred2011-12-31$499,550
Benefits paid (including direct rollovers)2011-12-31$464,145
Total plan assets at end of year2011-12-31$17,192,507
Total plan assets at beginning of year2011-12-31$14,603,904
Value of fidelity bond covering the plan2011-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2011-12-31$35,405
Other income received2011-12-31$440,241
Net income (gross income less expenses)2011-12-31$140,691
Net plan assets at end of year (total assets less liabilities)2011-12-31$14,261,098
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$14,120,407
Assets. Value of employer securities2011-12-31$12,759,354
Total contributions received or receivable from employer(s)2011-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$483,497
Total plan liabilities at beginning of year2010-12-31$659,643
Total income from all sources2010-12-31$1,784,395
Expenses. Total of all expenses incurred2010-12-31$55,378
Benefits paid (including direct rollovers)2010-12-31$39,605
Total plan assets at end of year2010-12-31$14,603,904
Total plan assets at beginning of year2010-12-31$13,051,033
Value of fidelity bond covering the plan2010-12-31$2,800,000
Expenses. Other expenses not covered elsewhere2010-12-31$15,773
Other income received2010-12-31$1,584,395
Net income (gross income less expenses)2010-12-31$1,729,017
Net plan assets at end of year (total assets less liabilities)2010-12-31$14,120,407
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$12,391,390
Assets. Value of employer securities2010-12-31$10,684,865
Total contributions received or receivable from employer(s)2010-12-31$200,000

Form 5500 Responses for STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN

2017: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: STATE BANK EMPLOYEE STOCK OWNERSHIP 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
2010: STATE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: STATE BANK EMPLOYEE STOCK OWNERSHIP 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

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1