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JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameJO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

PROGRESSIVE SAVINGS BANK, F.S.B. has sponsored the creation of one or more 401k plans.

Company Name:PROGRESSIVE SAVINGS BANK, F.S.B.
Employer identification number (EIN):621084675
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022017-01-01MARK JUSTICE MARK JUSTICE2018-08-17
0022016-01-01MARK JUSTICE
0022015-01-01STEPHEN RAINS STEPHEN RAINS2016-10-17
0022014-01-01STEPHEN RAINS
0022013-01-01STEPHEN RAINS HERBERT MARK JUSTICE2014-05-01
0022012-01-01STEPHEN RAINS
0022011-01-01STEPHEN RAINS
0022009-01-01STEPHEN RAINS

Plan Statistics for JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2019: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01112
Total number of active participants reported on line 7a of the Form 55002019-01-0197
Number of retired or separated participants receiving benefits2019-01-013
Number of other retired or separated participants entitled to future benefits2019-01-015
Total of all active and inactive participants2019-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01106
Number of participants with account balances2019-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-012
2018: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01107
Total number of active participants reported on line 7a of the Form 55002018-01-0193
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0110
Total of all active and inactive participants2018-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01104
Number of participants with account balances2018-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01107
Total number of active participants reported on line 7a of the Form 55002017-01-0186
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0116
Total of all active and inactive participants2017-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01103
Number of participants with account balances2017-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-015
2016: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01107
Total number of active participants reported on line 7a of the Form 55002016-01-0194
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01104
Number of participants with account balances2016-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0199
Total number of active participants reported on line 7a of the Form 55002015-01-0195
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-018
Total of all active and inactive participants2015-01-01103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01103
Number of participants with account balances2015-01-01103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0193
Total number of active participants reported on line 7a of the Form 55002014-01-0192
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-0193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0193
Number of participants with account balances2014-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0194
Total number of active participants reported on line 7a of the Form 55002013-01-0187
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0192
Number of participants with account balances2013-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-014
2012: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0199
Total number of active participants reported on line 7a of the Form 55002012-01-0184
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-0191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0191
Number of participants with account balances2012-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-017
2011: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01100
Total number of active participants reported on line 7a of the Form 55002011-01-0188
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0110
Total of all active and inactive participants2011-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0198
Number of participants with account balances2011-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0110
2009: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0193
Total number of active participants reported on line 7a of the Form 55002009-01-0194
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-0198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0198
Number of participants with account balances2009-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2019 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$495,212
Total plan liabilities at beginning of year2019-12-31$553,992
Total income from all sources2019-12-31$403,487
Expenses. Total of all expenses incurred2019-12-31$37,092
Benefits paid (including direct rollovers)2019-12-31$16,709
Total plan assets at end of year2019-12-31$1,624,247
Total plan assets at beginning of year2019-12-31$1,316,632
Value of fidelity bond covering the plan2019-12-31$200,000
Expenses. Other expenses not covered elsewhere2019-12-31$20,383
Other income received2019-12-31$322,005
Net income (gross income less expenses)2019-12-31$366,395
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,129,035
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$762,640
Assets. Value of employer securities2019-12-31$1,604,679
Total contributions received or receivable from employer(s)2019-12-31$81,482
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$553,992
Total plan liabilities at beginning of year2018-12-31$659,729
Total income from all sources2018-12-31$174,874
Expenses. Total of all expenses incurred2018-12-31$39,679
Benefits paid (including direct rollovers)2018-12-31$16,976
Total plan assets at end of year2018-12-31$1,316,632
Total plan assets at beginning of year2018-12-31$1,287,174
Value of fidelity bond covering the plan2018-12-31$200,000
Expenses. Other expenses not covered elsewhere2018-12-31$22,703
Other income received2018-12-31$93,392
Net income (gross income less expenses)2018-12-31$135,195
Net plan assets at end of year (total assets less liabilities)2018-12-31$762,640
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$627,445
Assets. Value of employer securities2018-12-31$1,308,800
Total contributions received or receivable from employer(s)2018-12-31$81,482
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$659,729
Total plan liabilities at beginning of year2017-12-31$675,681
Total income from all sources2017-12-31$230,768
Expenses. Total of all expenses incurred2017-12-31$33,244
Benefits paid (including direct rollovers)2017-12-31$8,455
Total plan assets at end of year2017-12-31$1,287,174
Total plan assets at beginning of year2017-12-31$1,105,602
Value of fidelity bond covering the plan2017-12-31$100,000
Expenses. Other expenses not covered elsewhere2017-12-31$24,789
Other income received2017-12-31$149,103
Net income (gross income less expenses)2017-12-31$197,524
Net plan assets at end of year (total assets less liabilities)2017-12-31$627,445
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$429,921
Assets. Value of employer securities2017-12-31$1,227,000
Total contributions received or receivable from employer(s)2017-12-31$81,665
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$675,681
Total plan liabilities at beginning of year2016-12-31$473,066
Total income from all sources2016-12-31$163,578
Expenses. Total of all expenses incurred2016-12-31$32,273
Benefits paid (including direct rollovers)2016-12-31$6,485
Total plan assets at end of year2016-12-31$1,105,602
Total plan assets at beginning of year2016-12-31$771,682
Value of fidelity bond covering the plan2016-12-31$100,000
Expenses. Other expenses not covered elsewhere2016-12-31$25,788
Other income received2016-12-31$109,006
Net income (gross income less expenses)2016-12-31$131,305
Net plan assets at end of year (total assets less liabilities)2016-12-31$429,921
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$298,616
Assets. Value of employer securities2016-12-31$1,092,030
Total contributions received or receivable from employer(s)2016-12-31$54,572
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$473,066
Total income from all sources2015-12-31$72,044
Expenses. Total of all expenses incurred2015-12-31$12,411
Total plan assets at end of year2015-12-31$771,682
Total plan assets at beginning of year2015-12-31$238,983
Value of fidelity bond covering the plan2015-12-31$100,000
Expenses. Other expenses not covered elsewhere2015-12-31$12,411
Other income received2015-12-31$36,562
Net income (gross income less expenses)2015-12-31$59,633
Net plan assets at end of year (total assets less liabilities)2015-12-31$298,616
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$238,983
Assets. Value of employer securities2015-12-31$762,000
Total contributions received or receivable from employer(s)2015-12-31$35,482
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$29,952
Expenses. Total of all expenses incurred2014-12-31$6,275
Benefits paid (including direct rollovers)2014-12-31$6,275
Total plan assets at end of year2014-12-31$238,983
Total plan assets at beginning of year2014-12-31$215,306
Value of fidelity bond covering the plan2014-12-31$100,000
Other income received2014-12-31$14,228
Net income (gross income less expenses)2014-12-31$23,677
Net plan assets at end of year (total assets less liabilities)2014-12-31$238,983
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$215,306
Assets. Value of employer securities2014-12-31$231,600
Total contributions received or receivable from employer(s)2014-12-31$15,724
2013 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources2013-12-31$23,956
Expenses. Total of all expenses incurred2013-12-31$5,803
Benefits paid (including direct rollovers)2013-12-31$5,803
Total plan assets at end of year2013-12-31$215,306
Total plan assets at beginning of year2013-12-31$197,153
Value of fidelity bond covering the plan2013-12-31$100,000
Other income received2013-12-31$875
Net income (gross income less expenses)2013-12-31$18,153
Net plan assets at end of year (total assets less liabilities)2013-12-31$215,306
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$197,153
Assets. Value of employer securities2013-12-31$215,000
Total contributions received or receivable from employer(s)2013-12-31$23,081
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources2012-12-31$24,332
Expenses. Total of all expenses incurred2012-12-31$5,382
Benefits paid (including direct rollovers)2012-12-31$5,382
Total plan assets at end of year2012-12-31$197,153
Total plan assets at beginning of year2012-12-31$178,203
Value of fidelity bond covering the plan2012-12-31$100,000
Other income received2012-12-31$12,692
Net income (gross income less expenses)2012-12-31$18,950
Net plan assets at end of year (total assets less liabilities)2012-12-31$197,153
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$178,203
Assets. Value of employer securities2012-12-31$193,920
Total contributions received or receivable from employer(s)2012-12-31$11,640
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources2011-12-31$15,325
Expenses. Total of all expenses incurred2011-12-31$2,225
Benefits paid (including direct rollovers)2011-12-31$2,225
Total plan assets at end of year2011-12-31$178,203
Total plan assets at beginning of year2011-12-31$165,103
Value of fidelity bond covering the plan2011-12-31$100,000
Other income received2011-12-31$15,325
Net income (gross income less expenses)2011-12-31$13,100
Net plan assets at end of year (total assets less liabilities)2011-12-31$178,203
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$165,103
Assets. Value of employer securities2011-12-31$174,600
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources2010-12-31$18,212
Expenses. Total of all expenses incurred2010-12-31$1,412
Benefits paid (including direct rollovers)2010-12-31$1,412
Total plan assets at end of year2010-12-31$165,103
Total plan assets at beginning of year2010-12-31$148,303
Value of fidelity bond covering the plan2010-12-31$100,000
Other income received2010-12-31$8,150
Net income (gross income less expenses)2010-12-31$16,800
Net plan assets at end of year (total assets less liabilities)2010-12-31$165,103
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$148,303
Assets. Value of employer securities2010-12-31$164,700
Total contributions received or receivable from employer(s)2010-12-31$10,062
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN

2019: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: JO ANN RAINS EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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