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BANK OF MOUNDVILLE PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF MOUNDVILLE PROFIT SHARING PLAN
Plan identification number 002

BANK OF MOUNDVILLE PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

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

Company Name:BANK OF MOUNDVILLE
Employer identification number (EIN):630015350
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01KRISTEN HEWITT2024-06-10
0022022-01-01KRISTEN HEWITT2023-05-24
0022021-01-01KRISTEN CHANNELL2022-07-06
0022020-01-01KRISTEN CHANNELL2021-08-05
0022019-01-01KRISTEN CHANNELL2020-10-13
0022018-01-01KRISTEN CHANNELL2019-07-15
0022017-01-01
0022017-01-01
0022016-01-01
0022015-01-01HOWELL POOLE, PRESIDENT2016-08-18
0022013-01-01HOWELL POOLE, PRESIDENT2014-09-26
0022012-01-01HOWELL POOLE, PRESIDENT2013-10-11
0022011-01-01HOWELL POOLE, PRESIDENT2012-10-13
0022010-01-01HOWELL POOLE, PRESIDENT2011-10-07

Plan Statistics for BANK OF MOUNDVILLE PROFIT SHARING PLAN

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

Measure Date Value
2025: BANK OF MOUNDVILLE PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-03-3119
Total number of particpants at end of year2025-03-3121
Number of Participants With Account Balances2025-03-3120
2024: BANK OF MOUNDVILLE PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-1017
Total number of particpants at end of year2024-06-1018
Number of Participants With Account Balances2024-06-1016

Financial Data on BANK OF MOUNDVILLE PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF MOUNDVILLE PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-3129346
Net assets as of the end of the plan year2025-03-311059478
Total assets as of the beginning of the plan year2025-03-31935568
Value of plan covered by a fidelity bond2025-03-311000000
Participant contributions to plan in this plan year2025-03-3133566
Other income to plan in this plan year2025-03-3186342
Plan net income in this plan year2025-03-31123910
Net assets as of the end of the plan year2025-03-311059478
Net assets as of the beginning of the plan year2025-03-31935568
Employer contributions to plan in this plan year2025-03-3133348
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-319197
2024 : BANK OF MOUNDVILLE PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1075177
Net assets as of the end of the plan year2024-06-10935568
Total assets as of the beginning of the plan year2024-06-10837230
Value of plan covered by a fidelity bond2024-06-101000000
Participant contributions to plan in this plan year2024-06-1031762
Other income to plan in this plan year2024-06-10115895
Plan net income in this plan year2024-06-1098338
Net assets as of the end of the plan year2024-06-10935568
Net assets as of the beginning of the plan year2024-06-10837230
Employer contributions to plan in this plan year2024-06-1025858
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-108213

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