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

Plan NameBANK OF MONTICELLO SECTION 401(K) PROFIT SHARING PLAN
Plan identification number 002

BANK OF MONTICELLO SECTION 401(K) PROFIT SHARING PLAN 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.
  • 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 MONTICELLO has sponsored the creation of one or more 401k plans.

Company Name:BANK OF MONTICELLO
Employer identification number (EIN):580356515
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about BANK OF MONTICELLO

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 731846

More information about BANK OF MONTICELLO

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01WENDI HELMS2024-08-12
0022022-01-01WENDI HELMS2023-10-10
0022021-01-01WENDI HELMS2022-10-04
0022020-01-01WENDI HELMS2021-10-07
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01STEVE W. JORDAN2017-07-12
0022015-01-01STEVE W. JORDAN2016-05-17
0022014-01-01STEVE W. JORDAN2015-03-19 STEVE W. JORDAN2015-03-19
0022013-01-01STEVE W. JORDAN2014-06-02 STEVE W. JORDAN2014-06-02
0022012-01-01STEVE W. JORDAN2013-06-10 STEVE W. JORDAN2013-06-10
0022011-01-01STEVE W. JORDAN2012-06-18 STEVE W. JORDAN2012-06-18
0022010-01-01STEVE W. JORDAN2011-03-29 STEVE W. JORDAN2011-03-29

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

Measure Date Value
2025 : BANK OF MONTICELLO SECTION 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-160
Total liabilities as of the beginning of the plan year2025-09-160
Total expenses incurred by plan in this plan year2025-09-16268859
Net assets as of the end of the plan year2025-09-162307609
Total assets as of the beginning of the plan year2025-09-162228669
Value of plan covered by a fidelity bond2025-09-161825000
Participant contributions to plan in this plan year2025-09-16108176
Value of participant loans at end of plan year2025-09-167724
Other expenses paid from plan in this plan year2025-09-160
Other contributions to plan in this plan year2025-09-160
Other income to plan in this plan year2025-09-16189146
Plan net income in this plan year2025-09-1678940
Net assets as of the end of the plan year2025-09-162307609
Net assets as of the beginning of the plan year2025-09-162228669
Employer contributions to plan in this plan year2025-09-1650477
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-164556
2024 : BANK OF MONTICELLO SECTION 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-1220700
Net assets as of the end of the plan year2024-08-122228669
Total assets as of the beginning of the plan year2024-08-121885050
Value of plan covered by a fidelity bond2024-08-121825000
Participant contributions to plan in this plan year2024-08-12108056
Value of participant loans at end of plan year2024-08-1214946
Other expenses paid from plan in this plan year2024-08-123227
Other income to plan in this plan year2024-08-12219119
Plan net income in this plan year2024-08-12343619
Net assets as of the end of the plan year2024-08-122228669
Net assets as of the beginning of the plan year2024-08-121885050
Employer contributions to plan in this plan year2024-08-1237144
2022 : BANK OF MONTICELLO SECTION 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-10-040
Total expenses incurred by plan in this plan year2022-10-0485896
Net assets as of the end of the plan year2022-10-042163457
Total assets as of the beginning of the plan year2022-10-041952388
Value of plan covered by a fidelity bond2022-10-041825000
Participant contributions to plan in this plan year2022-10-0494612
Value of participant loans at end of plan year2022-10-0435983
Other expenses paid from plan in this plan year2022-10-044193
Other income to plan in this plan year2022-10-04167306
Plan net income in this plan year2022-10-04211069
Net assets as of the end of the plan year2022-10-042163457
Net assets as of the beginning of the plan year2022-10-041952388
Employer contributions to plan in this plan year2022-10-0435047

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