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FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN
Plan identification number 001

FIRST NATIONAL BANK OF CLARKSDALE 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRST NATIONAL BANK OF CLARKSDALE has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK OF CLARKSDALE
Employer identification number (EIN):640415725
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CINDY JONES2024-01-30 CINDY JONES2024-01-30
0012022-01-01CINDY JONES2023-01-30 CINDY JONES2023-01-30
0012021-01-01CINDY JONES2022-01-31 CINDY JONES2022-01-31
0012020-01-01CINDY JONES2021-02-04 CINDY JONES2021-02-04
0012019-01-01CINDY JONES2020-04-15 CINDY JONES2020-04-15
0012018-01-01CINDY JONES2019-05-02 CINDY JONES2019-05-02
0012017-01-01CINDY JONES2018-04-16 CINDY JONES2018-04-16
0012016-01-01CINDY JONES2017-04-17 CINDY JONES2017-04-17
0012014-01-01CINDY JONES2015-04-09 CINDY JONES2015-04-09
0012013-01-01CINDY JONES2014-04-09 CINDY JONES2014-04-09
0012012-01-01CINDY JONES2013-04-19 CINDY JONES2013-04-19
0012011-01-01CINDY JONES2012-04-04 CINDY JONES2012-04-04
0012010-01-01CINDY JONES2011-06-23 CINDY JONES2011-06-23

Plan Statistics for FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN

Measure Date Value
2025: FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-02-2454
Total number of particpants at end of year2025-02-2451
Number of Participants With Account Balances2025-02-2448
2024: FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-01-3054
Total number of particpants at end of year2024-01-3053
Number of Participants With Account Balances2024-01-3052

Financial Data on FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN

Measure Date Value
2025 : FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-02-240
Total liabilities as of the end of the plan year2025-02-240
Total liabilities as of the beginning of the plan year2025-02-240
Total expenses incurred by plan in this plan year2025-02-242256536
Net assets as of the end of the plan year2025-02-249820381
Total assets as of the beginning of the plan year2025-02-249983418
Value of plan covered by a fidelity bond2025-02-243000000
Participant contributions to plan in this plan year2025-02-24290440
Value of participant loans at end of plan year2025-02-24172008
Other expenses paid from plan in this plan year2025-02-240
Other contributions to plan in this plan year2025-02-242028
Other income to plan in this plan year2025-02-241635172
Plan net income in this plan year2025-02-24-163037
Net assets as of the end of the plan year2025-02-249820381
Net assets as of the beginning of the plan year2025-02-249983418
Employer contributions to plan in this plan year2025-02-24165859
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-2469553
2024 : FIRST NATIONAL BANK OF CLARKSDALE 401(K) SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-01-300
Total liabilities as of the end of the plan year2024-01-300
Total liabilities as of the beginning of the plan year2024-01-300
Total expenses incurred by plan in this plan year2024-01-30168184
Net assets as of the end of the plan year2024-01-309983418
Total assets as of the beginning of the plan year2024-01-307992367
Value of plan covered by a fidelity bond2024-01-303000000
Participant contributions to plan in this plan year2024-01-30283475
Value of participant loans at end of plan year2024-01-30145164
Other expenses paid from plan in this plan year2024-01-300
Other contributions to plan in this plan year2024-01-300
Other income to plan in this plan year2024-01-301704433
Plan net income in this plan year2024-01-301991051
Net assets as of the end of the plan year2024-01-309983418
Net assets as of the beginning of the plan year2024-01-307992367
Employer contributions to plan in this plan year2024-01-30171327
Expensese paid to adminstrative service provicers from plan in this plan year2024-01-3060712

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