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BANK OF MINGO EMPLOYEES RETIREMENT PLAN 401k Plan overview

Plan NameBANK OF MINGO EMPLOYEES RETIREMENT PLAN
Plan identification number 001

BANK OF MINGO EMPLOYEES RETIREMENT PLAN Benefits

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

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

Company Name:BANK OF MINGO
Employer identification number (EIN):550552987
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about BANK OF MINGO

Jurisdiction of Incorporation: West Virginia Secrtary of State
Incorporation Date:
Company Identification Number: 2029

More information about BANK OF MINGO

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF MINGO EMPLOYEES RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RANDALL BRUMFIELD2024-02-28
0012022-01-01RANDALL BRUMFIELD2023-03-23
0012021-01-01RANDALL BRUMFIELD2022-03-15
0012020-01-01RANDALL BRUMFIELD2021-04-07
0012019-01-01RANDALL BRUMFIELD2020-02-12
0012018-01-01RANDALL BRUMFIELD2019-03-01
0012017-01-01RANDALL BRUMFIELD2018-04-25
0012016-01-01RANDALL BRUMFIELD2017-04-21
0012015-01-01RANDALL BRUMFIELD2016-03-05
0012014-01-01RANDALL BRUMFIELD2015-04-07
0012013-01-01RANDALL BRUMFIELD2014-06-03
0012012-01-01RANDALL BRUMFIELD2013-03-12
0012011-01-01RANDALL BRUMFIELD2012-03-02
0012010-01-01RANDALL BRUMFIELD2011-04-18

Plan Statistics for BANK OF MINGO EMPLOYEES RETIREMENT PLAN

401k plan membership statisitcs for BANK OF MINGO EMPLOYEES RETIREMENT PLAN

Measure Date Value
2025: BANK OF MINGO EMPLOYEES RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-3040
Total number of particpants at end of year2025-04-3036
Number of Participants With Account Balances2025-04-3020
2024: BANK OF MINGO EMPLOYEES RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-02-2840
Total number of particpants at end of year2024-02-2840
Number of Participants With Account Balances2024-02-2820

Financial Data on BANK OF MINGO EMPLOYEES RETIREMENT PLAN

Measure Date Value
2025 : BANK OF MINGO EMPLOYEES RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-307279
Net assets as of the end of the plan year2025-04-30998268
Total assets as of the beginning of the plan year2025-04-30896870
Value of plan covered by a fidelity bond2025-04-303000000
Participant contributions to plan in this plan year2025-04-3017177
Other income to plan in this plan year2025-04-3091500
Plan net income in this plan year2025-04-30101398
Net assets as of the end of the plan year2025-04-30998268
Net assets as of the beginning of the plan year2025-04-30896870
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-306438
2024 : BANK OF MINGO EMPLOYEES RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-28818068
Net assets as of the end of the plan year2024-02-28896870
Total assets as of the beginning of the plan year2024-02-281608505
Value of plan covered by a fidelity bond2024-02-28200000
Participant contributions to plan in this plan year2024-02-2815930
Other income to plan in this plan year2024-02-2890503
Plan net income in this plan year2024-02-28-711635
Net assets as of the end of the plan year2024-02-28896870
Net assets as of the beginning of the plan year2024-02-281608505

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