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BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN
Plan identification number 001

BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:BANK OF GREELEYVILLE
Employer identification number (EIN):570172525
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TRACY KELLAHAN2024-03-18
0012022-01-01TRACY KELLAHAN2023-05-26
0012021-01-01TRACY KELLAHAN2022-02-28
0012020-01-01TRACY KELLAHAN2021-03-16
0012019-01-01TRACY KELLAHAN2020-02-10
0012018-01-01TRACY KELLAHAN2019-04-03
0012017-01-01TRACY KELLAHAN2018-07-25
0012016-01-01TRACY KELLAHAN2017-10-16 TRACY KELLAHAN2017-10-16
0012013-01-01MICHAEL P MAHONEY2014-07-21
0012012-01-01MICHAEL P MAHONEY2013-07-03
0012011-01-01MICHAEL P MAHONEY2012-06-18
0012010-01-01MICHAEL MAHONEY2011-07-26 MICHAEL MAHONEY2011-07-26

Plan Statistics for BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-1723
Total number of particpants at end of year2025-03-1724
Number of Participants With Account Balances2025-03-1723
2024: BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-03-1825
Total number of particpants at end of year2024-03-1823
Number of Participants With Account Balances2024-03-1822
2022: BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-02-2824
Total number of particpants at end of year2022-02-2825
Number of Participants With Account Balances2022-02-2824

Financial Data on BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-17515867
Net assets as of the end of the plan year2025-03-173718598
Total assets as of the beginning of the plan year2025-03-173362847
Value of plan covered by a fidelity bond2025-03-171000000
Participant contributions to plan in this plan year2025-03-1793979
Other expenses paid from plan in this plan year2025-03-1716889
Other income to plan in this plan year2025-03-17685301
Plan net income in this plan year2025-03-17355751
Net assets as of the end of the plan year2025-03-173718598
Net assets as of the beginning of the plan year2025-03-173362847
Employer contributions to plan in this plan year2025-03-1792338
2024 : BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-03-18589067
Net assets as of the end of the plan year2024-03-183362847
Total assets as of the beginning of the plan year2024-03-183043188
Value of plan covered by a fidelity bond2024-03-181000000
Participant contributions to plan in this plan year2024-03-1890235
Other income to plan in this plan year2024-03-18721040
Plan net income in this plan year2024-03-18319659
Net assets as of the end of the plan year2024-03-183362847
Net assets as of the beginning of the plan year2024-03-183043188
Employer contributions to plan in this plan year2024-03-1897451
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-1820043
2022 : BANK OF GREELEYVILLE 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-2879173
Net assets as of the end of the plan year2022-02-283970799
Total assets as of the beginning of the plan year2022-02-283349355
Value of plan covered by a fidelity bond2022-02-281000000
Participant contributions to plan in this plan year2022-02-2894318
Other income to plan in this plan year2022-02-28518907
Plan net income in this plan year2022-02-28621444
Net assets as of the end of the plan year2022-02-283970799
Net assets as of the beginning of the plan year2022-02-283349355
Employer contributions to plan in this plan year2022-02-2887392
Fees paid to broker by Benefit Provider2022-02-281992
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-2820474

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