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BANK OF BREWTON PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF BREWTON PROFIT SHARING PLAN
Plan identification number 001

BANK OF BREWTON 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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

BANK OF BREWTON has sponsored the creation of one or more 401k plans.

Company Name:BANK OF BREWTON
Employer identification number (EIN):630015160
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF BREWTON PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JERRY M KELLY2024-07-11
0012022-01-01JERRY KELLY2023-06-09
0012021-01-01JERRY KELLY2022-08-03
0012020-01-01JERRY KELLY2021-07-01
0012019-01-01JERRY KELLY2020-06-02
0012018-01-01JERRY KELLY2019-07-11
0012017-01-01JERRY KELLY2018-06-07
0012016-01-01JERRY KELLY2017-06-21 JERRY KELLY2017-06-21
0012015-01-01JERRY KELLY2016-10-05 JERRY KELLY2016-10-05
0012013-01-01JERRY M. KELLY2014-10-14
0012012-01-01CHARLES MCDANIEL2013-10-15
0012011-01-01CHARLES MCDANIEL2012-10-15
0012010-01-01CHARLES MCDANIEL2011-10-13

Plan Statistics for BANK OF BREWTON PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF BREWTON PROFIT SHARING PLAN

Measure Date Value
2025: BANK OF BREWTON PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2420
Total number of particpants at end of year2025-06-2419
Number of Participants With Account Balances2025-06-2418
2024: BANK OF BREWTON PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-1124
Total number of particpants at end of year2024-07-1119
Number of Participants With Account Balances2024-07-1117
2022: BANK OF BREWTON PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-08-0330
Total number of particpants at end of year2022-08-0327
Number of Participants With Account Balances2022-08-0327

Financial Data on BANK OF BREWTON PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF BREWTON PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-24271974
Net assets as of the end of the plan year2025-06-245631367
Total assets as of the beginning of the plan year2025-06-243479097
Value of plan covered by a fidelity bond2025-06-24500000
Participant contributions to plan in this plan year2025-06-2421776
Value of participant loans at end of plan year2025-06-24947
Other income to plan in this plan year2025-06-242379958
Plan net income in this plan year2025-06-242152270
Net assets as of the end of the plan year2025-06-245631367
Net assets as of the beginning of the plan year2025-06-243479097
Employer contributions to plan in this plan year2025-06-2422510
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2414965
2024 : BANK OF BREWTON PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-11170377
Net assets as of the end of the plan year2024-07-113479097
Total assets as of the beginning of the plan year2024-07-113469405
Value of plan covered by a fidelity bond2024-07-11500000
Participant contributions to plan in this plan year2024-07-1123390
Value of participant loans at end of plan year2024-07-1118597
Other income to plan in this plan year2024-07-11136489
Plan net income in this plan year2024-07-119692
Net assets as of the end of the plan year2024-07-113479097
Net assets as of the beginning of the plan year2024-07-113469405
Employer contributions to plan in this plan year2024-07-1120190
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-119488
2022 : BANK OF BREWTON PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-08-031667073
Net assets as of the end of the plan year2022-08-034838222
Total assets as of the beginning of the plan year2022-08-035398366
Value of plan covered by a fidelity bond2022-08-03500000
Participant contributions to plan in this plan year2022-08-0324536
Value of participant loans at end of plan year2022-08-0315578
Other income to plan in this plan year2022-08-031061357
Plan net income in this plan year2022-08-03-560144
Net assets as of the end of the plan year2022-08-034838222
Net assets as of the beginning of the plan year2022-08-035398366
Employer contributions to plan in this plan year2022-08-0321036
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-0315451

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