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WAYNE COUNTY BANK 401K PLAN 401k Plan overview

Plan NameWAYNE COUNTY BANK 401K PLAN
Plan identification number 003

WAYNE COUNTY BANK 401K 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.
  • 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

WAYNE COUNTY BANK has sponsored the creation of one or more 401k plans.

Company Name:WAYNE COUNTY BANK
Employer identification number (EIN):620401000
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about WAYNE COUNTY BANK

Jurisdiction of Incorporation: Tennessee Secretary of State Division of Business Services
Incorporation Date:
Company Identification Number: 000061647

More information about WAYNE COUNTY BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WAYNE COUNTY BANK 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01MARTIN HAGGARD2024-08-26
0032022-01-01MARTIN HAGGARD2023-04-14
0032021-01-01MARTIN HAGGARD2022-09-19
0032020-01-01MARTIN HAGGARD2021-09-29
0032019-01-01MARTIN HAGGARD2020-06-15
0032018-01-01MARTIN HAGGARD2019-10-02
0032017-01-01MARTIN HAGGARD2018-10-03
0032016-01-01SIBYL HAGGARD2017-07-26
0032015-01-01SIBYL HAGGARD2016-10-07
0032014-01-01SIBYL HAGGARD2015-03-11
0032013-01-01SIBYL HAGGARD2014-05-05
0032012-01-01SIBYL HAGGARD2013-03-25
0032011-01-01SIBYL HAGGARD2012-04-09
0032010-01-01SIBYL HAGGARD2011-07-11

Financial Data on WAYNE COUNTY BANK 401K PLAN

Measure Date Value
2025 : WAYNE COUNTY BANK 401K PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-14164
Total liabilities as of the end of the plan year2025-10-140
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-14803695
Net assets as of the end of the plan year2025-10-147924938
Total assets as of the beginning of the plan year2025-10-147209077
Value of plan covered by a fidelity bond2025-10-144750000
Participant contributions to plan in this plan year2025-10-14295008
Other expenses paid from plan in this plan year2025-10-1455329
Other contributions to plan in this plan year2025-10-1466855
Other income to plan in this plan year2025-10-14901681
Plan net income in this plan year2025-10-14715697
Net assets as of the end of the plan year2025-10-147924938
Net assets as of the beginning of the plan year2025-10-147209077
Employer contributions to plan in this plan year2025-10-14255848
Fees paid to broker by Benefit Provider2025-10-143805
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-140
2024 : WAYNE COUNTY BANK 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-08-26717424
Net assets as of the end of the plan year2024-08-267209077
Total assets as of the beginning of the plan year2024-08-266490796
Value of plan covered by a fidelity bond2024-08-26500000
Participant contributions to plan in this plan year2024-08-26259912
Other income to plan in this plan year2024-08-26948655
Plan net income in this plan year2024-08-26718281
Net assets as of the end of the plan year2024-08-267209077
Net assets as of the beginning of the plan year2024-08-266490796
Employer contributions to plan in this plan year2024-08-26227138
Fees paid to broker by Benefit Provider2024-08-263369
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-2648705
2022 : WAYNE COUNTY BANK 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-19244854
Net assets as of the end of the plan year2022-09-197326917
Total assets as of the beginning of the plan year2022-09-196382636
Value of plan covered by a fidelity bond2022-09-19500000
Participant contributions to plan in this plan year2022-09-19207214
Other income to plan in this plan year2022-09-19800109
Plan net income in this plan year2022-09-19944281
Net assets as of the end of the plan year2022-09-197326917
Net assets as of the beginning of the plan year2022-09-196382636
Employer contributions to plan in this plan year2022-09-19181812
Fees paid to broker by Benefit Provider2022-09-193430
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-1950218

Potentially related plans

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