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BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF WIGGINS 401(K) & PROFIT SHARING PLAN
Plan identification number 001

BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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 WIGGINS has sponsored the creation of one or more 401k plans.

Company Name:BANK OF WIGGINS
Employer identification number (EIN):640117320
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about BANK OF WIGGINS

Jurisdiction of Incorporation: Mississippi Secretary of State
Incorporation Date:
Company Identification Number: 401455

More information about BANK OF WIGGINS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JAMES O. RABBY2024-06-04 JAMES O. RABBY2024-06-04
0012022-01-01JAMES O. RABBY2023-05-22 JAMES O. RABBY2023-05-22
0012021-01-01JAMES O. RABBY2022-07-14 JAMES O. RABBY2022-07-14
0012020-01-01JAMES O. RABBY2021-07-07 JAMES O. RABBY2021-07-07
0012018-01-01JAMES O. RABBY2019-06-12 JAMES O RABBY2019-06-12
0012017-01-01JAMES O. RABBY2018-06-12 JAMES O. RABBY2018-06-12
0012016-01-01JAMES O. RABBY2017-07-06 JAMES O. RABBY2017-07-06
0012015-01-01JAMES O. RABBY2016-06-23 JAMES O. RABBY2016-06-23
0012014-01-01JAMES O. RABBY2015-06-25 JAMES O. RABBY2015-06-25
0012013-01-01JAMES O. RABBY2014-06-03 JAMES O. RABBY2014-06-03
0012012-01-01JAMES O. RABBY2013-07-02 JAMES O. RABBY2013-07-02
0012011-01-01JAMES O. RABBY2012-07-06 JAMES O. RABBY2012-07-06
0012010-01-01JAMES O. RABBY2011-06-01 JAMES O. RABBY2011-06-01

Plan Statistics for BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN

Measure Date Value
2025: BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2552
Total number of particpants at end of year2025-06-2553
Number of Participants With Account Balances2025-06-2546
2024: BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-0454
Total number of particpants at end of year2024-06-0452
Number of Participants With Account Balances2024-06-0447

Financial Data on BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-250
Total expenses incurred by plan in this plan year2025-06-251371384
Net assets as of the end of the plan year2025-06-255101659
Total assets as of the beginning of the plan year2025-06-255786730
Value of plan covered by a fidelity bond2025-06-253500000
Participant contributions to plan in this plan year2025-06-2557161
Other contributions to plan in this plan year2025-06-250
Other income to plan in this plan year2025-06-25588022
Plan net income in this plan year2025-06-25-685071
Net assets as of the end of the plan year2025-06-255101659
Net assets as of the beginning of the plan year2025-06-255786730
Employer contributions to plan in this plan year2025-06-2541130
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2531006
2024 : BANK OF WIGGINS 401(K) & PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-040
Total expenses incurred by plan in this plan year2024-06-04389674
Net assets as of the end of the plan year2024-06-045786730
Total assets as of the beginning of the plan year2024-06-045432226
Value of plan covered by a fidelity bond2024-06-043500000
Participant contributions to plan in this plan year2024-06-0457722
Other contributions to plan in this plan year2024-06-040
Other income to plan in this plan year2024-06-04495737
Plan net income in this plan year2024-06-04354504
Net assets as of the end of the plan year2024-06-045786730
Net assets as of the beginning of the plan year2024-06-045432226
Employer contributions to plan in this plan year2024-06-04190719
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-0415454

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