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FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN
Plan identification number 002

FIRST NATIONAL BANK & TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.

401k Sponsoring company profile

FIRST NATIONAL BANK & TRUST has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK & TRUST
Employer identification number (EIN):610290010
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01S. CHRISTOPHER PHIPPS2017-05-30
0022015-01-01S. CHRISTOPHER PHIPPS2016-10-11
0022014-01-01ROBERT JONES ROBERT JONES2015-10-15

Plan Statistics for FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN

Measure Date Value
2014: FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0179
Total number of active participants reported on line 7a of the Form 55002014-01-0173
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-014
Total of all active and inactive participants2014-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0177
Number of participants with account balances2014-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN

Measure Date Value
2014 : FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$361,486
Expenses. Total of all expenses incurred2014-12-31$63,493
Benefits paid (including direct rollovers)2014-12-31$50,925
Total plan assets at end of year2014-12-31$2,602,840
Total plan assets at beginning of year2014-12-31$2,304,847
Value of fidelity bond covering the plan2014-12-31$5,000,000
Total contributions received or receivable from participants2014-12-31$127,451
Other income received2014-12-31$133,998
Net income (gross income less expenses)2014-12-31$297,993
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,602,840
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,304,847
Total contributions received or receivable from employer(s)2014-12-31$100,037
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$12,568

Form 5500 Responses for FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN

2014: FIRST NATIONAL BANK & TRUST 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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