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BANK OF FOREST 401(K) PLAN 401k Plan overview

Plan NameBANK OF FOREST 401(K) PLAN
Plan identification number 002

BANK OF FOREST 401(K) 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.
  • Plan covering Self-Employed individuals.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:BANK OF FOREST
Employer identification number (EIN):640157923
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about BANK OF FOREST

Jurisdiction of Incorporation: Mississippi Secretary of State
Incorporation Date:
Company Identification Number: 711546

More information about BANK OF FOREST

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF FOREST 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ALLEN M. BRELAND2024-07-10
0022022-01-01ALLEN M. BRELAND2023-08-09
0022021-01-01ALLEN M. BRELAND2022-07-19
0022020-01-01ALLEN M. BRELAND2021-08-05
0022019-01-01ALLEN M. BRELAND2020-08-20
0022018-01-01ALLEN M. BRELAND2019-07-30
0022018-01-01
0022017-01-01ALLEN M. BRELAND2018-10-15
0022016-01-01ALLEN M. BRELAND2017-09-29
0022015-01-01ALLEN M. BRELAND2016-07-14
0022014-01-01ALLEN M. BRELAND2015-09-21
0022013-01-01T. E. WALKER2014-06-20
0022012-01-01T. E. WALKER2013-06-20
0022011-01-01T. E. WALKER2012-09-27
0022010-01-01THOMAS E. WALKER, JR.2011-07-28 THOMAS E. WALKER, JR.2011-07-28

Financial Data on BANK OF FOREST 401(K) PLAN

Measure Date Value
2025 : BANK OF FOREST 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-09-040
Total liabilities as of the end of the plan year2025-09-040
Total liabilities as of the beginning of the plan year2025-09-040
Total expenses incurred by plan in this plan year2025-09-04872123
Net assets as of the end of the plan year2025-09-043561739
Total assets as of the beginning of the plan year2025-09-043682133
Value of plan covered by a fidelity bond2025-09-042000000
Participant contributions to plan in this plan year2025-09-04143404
Other expenses paid from plan in this plan year2025-09-040
Other contributions to plan in this plan year2025-09-0413981
Other income to plan in this plan year2025-09-04502556
Plan net income in this plan year2025-09-04-120394
Net assets as of the end of the plan year2025-09-043561739
Net assets as of the beginning of the plan year2025-09-043682133
Employer contributions to plan in this plan year2025-09-0491788
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-0430324
2024 : BANK OF FOREST 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-100
Total liabilities as of the end of the plan year2024-07-100
Total liabilities as of the beginning of the plan year2024-07-100
Total expenses incurred by plan in this plan year2024-07-10701072
Net assets as of the end of the plan year2024-07-103682133
Total assets as of the beginning of the plan year2024-07-103671801
Value of plan covered by a fidelity bond2024-07-102000000
Participant contributions to plan in this plan year2024-07-10135711
Other expenses paid from plan in this plan year2024-07-100
Other contributions to plan in this plan year2024-07-1045548
Other income to plan in this plan year2024-07-10474277
Plan net income in this plan year2024-07-1010332
Net assets as of the end of the plan year2024-07-103682133
Net assets as of the beginning of the plan year2024-07-103671801
Employer contributions to plan in this plan year2024-07-1055868
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-1032192
2022 : BANK OF FOREST 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-190
Total liabilities as of the end of the plan year2022-07-190
Total liabilities as of the beginning of the plan year2022-07-190
Total expenses incurred by plan in this plan year2022-07-19692889
Net assets as of the end of the plan year2022-07-194524579
Total assets as of the beginning of the plan year2022-07-194653054
Value of plan covered by a fidelity bond2022-07-192000000
Participant contributions to plan in this plan year2022-07-19119920
Other expenses paid from plan in this plan year2022-07-190
Other contributions to plan in this plan year2022-07-190
Other income to plan in this plan year2022-07-19394861
Plan net income in this plan year2022-07-19-128475
Net assets as of the end of the plan year2022-07-194524579
Net assets as of the beginning of the plan year2022-07-194653054
Employer contributions to plan in this plan year2022-07-1949633
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-19150
2018 : BANK OF FOREST 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$0
Expenses. Total of all expenses incurred2018-12-31$0
Net income (gross income less expenses)2018-12-31$0
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0

Form 5500 Responses for BANK OF FOREST 401(K) PLAN

2018: BANK OF FOREST 401(K) 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

Potentially related plans

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