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FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN
Plan identification number 002

FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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 FEDERAL SAVINGS & LOAN ASSN OF VALDOSTA has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL SAVINGS & LOAN ASSN OF VALDOSTA
Employer identification number (EIN):580471127
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01LINDSEY LAW2024-07-10
0022022-01-01LINDSEY LAW2023-06-30
0022021-01-01DOUGLAS RAYFORD2022-06-30
0022020-01-01DOUGLAS RAYFORD2021-06-23
0022019-01-01DOUGLAS RAYFORD2020-06-30
0022018-01-01DOUGLAS RAYFORD2019-07-24
0022017-01-01DOUGLAS RAYFORD2018-07-13
0022016-01-01DOUGLAS RAYFORD2017-09-22
0022015-01-01DOUG RAYFORD2016-10-13 DOUG RAYFORD2016-10-13
0022014-01-01DOUG RAYFORD2015-10-14 DOUG RAYFORD2015-10-14
0022013-01-01DOUG RAYFORD2014-07-31 DOUG RAYFORD2014-07-31
0022012-01-01DOUG RAYFORD2013-10-01 DOUG RAYFORD2013-10-01
0022011-01-01DOUG RAYFORD2012-10-16 DOUG RAYFORD2012-10-16
0022010-01-01DOUG RAYFORD2011-10-17 DOUG RAYFORD2011-10-17

Plan Statistics for FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN

Measure Date Value
2025: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-2853
Total number of particpants at end of year2025-07-2847
Number of Participants With Account Balances2025-07-2843
2024: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1048
Total number of particpants at end of year2024-07-1049
Number of Participants With Account Balances2024-07-1046
2022: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-3053
Total number of particpants at end of year2022-06-3055
Number of Participants With Account Balances2022-06-3053

Financial Data on FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN

Measure Date Value
2025 : FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-286402292
Total liabilities as of the end of the plan year2025-07-280
Total liabilities as of the beginning of the plan year2025-07-280
Total expenses incurred by plan in this plan year2025-07-28578061
Net assets as of the end of the plan year2025-07-2810188396
Total assets as of the beginning of the plan year2025-07-282919145
Value of plan covered by a fidelity bond2025-07-28500000
Participant contributions to plan in this plan year2025-07-2822439
Value of participant loans at end of plan year2025-07-28249930
Other expenses paid from plan in this plan year2025-07-280
Other contributions to plan in this plan year2025-07-28146082
Other income to plan in this plan year2025-07-28605567
Plan net income in this plan year2025-07-28866959
Net assets as of the end of the plan year2025-07-2810188396
Net assets as of the beginning of the plan year2025-07-282919145
Employer contributions to plan in this plan year2025-07-28670932
Fees paid to broker by Benefit Provider2025-07-289096
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-281895
2024 : FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-100
Total liabilities as of the end of the plan year2024-07-100
Total liabilities as of the beginning of the plan year2024-07-100
Total expenses incurred by plan in this plan year2024-07-103739574
Net assets as of the end of the plan year2024-07-102919145
Total assets as of the beginning of the plan year2024-07-105508541
Value of plan covered by a fidelity bond2024-07-10500000
Participant contributions to plan in this plan year2024-07-1022641
Value of participant loans at end of plan year2024-07-10227362
Other expenses paid from plan in this plan year2024-07-100
Other contributions to plan in this plan year2024-07-100
Other income to plan in this plan year2024-07-10461571
Plan net income in this plan year2024-07-10-2589396
Net assets as of the end of the plan year2024-07-102919145
Net assets as of the beginning of the plan year2024-07-105508541
Employer contributions to plan in this plan year2024-07-10665966
Fees paid to broker by Benefit Provider2024-07-1010059
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-103230
2022 : FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-300
Total liabilities as of the end of the plan year2022-06-300
Total liabilities as of the beginning of the plan year2022-06-300
Total expenses incurred by plan in this plan year2022-06-30426540
Net assets as of the end of the plan year2022-06-305588777
Total assets as of the beginning of the plan year2022-06-304894908
Value of plan covered by a fidelity bond2022-06-30500000
Participant contributions to plan in this plan year2022-06-3027492
Value of participant loans at end of plan year2022-06-30286070
Other expenses paid from plan in this plan year2022-06-300
Other contributions to plan in this plan year2022-06-300
Other income to plan in this plan year2022-06-30458621
Plan net income in this plan year2022-06-30693869
Net assets as of the end of the plan year2022-06-305588777
Net assets as of the beginning of the plan year2022-06-304894908
Employer contributions to plan in this plan year2022-06-30634296
Fees paid to broker by Benefit Provider2022-06-3010532
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-30765

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