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THE BANK OF AUGUSTA 401(K) PLAN 401k Plan overview

Plan NameTHE BANK OF AUGUSTA 401(K) PLAN
Plan identification number 002

THE BANK OF AUGUSTA 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

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

Company Name:THE BANK OF AUGUSTA
Employer identification number (EIN):710009650
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01LARA BOYCE2024-10-15
0022022-01-01LARA BOYCE2023-05-22 LARA BOYCE2023-05-22
0022021-01-01LARA BOYCE2022-06-29 LARA BOYCE2022-06-29
0022020-01-01LARA BOYCE2021-05-28 LARA BOYCE2021-05-28
0022018-01-01LARA BOYCE2019-04-17 LARA BOYCE2019-04-17
0022017-01-01MARTHA RAY2018-05-05 MARTHA RAY2018-05-05
0022016-01-01MARTHA RAY2017-04-12 MARTHA RAY2017-04-12
0022015-01-01MARTHA RAY2016-05-25 MARTHA RAY2016-05-25
0022014-01-01MARTHA RAY2015-05-13 MARTHA RAY2015-05-13
0022013-01-01MARTHA RAY2014-05-29 MARTHA RAY2014-05-29
0022012-01-01MARTHA RAY2013-06-18 MARTHA RAY2013-06-18
0022011-01-01MARTHA RAY2012-06-01 MARTHA RAY2012-06-01
0022010-01-01MARTHA RAY2011-06-06 MARTHA RAY2011-06-06

Plan Statistics for THE BANK OF AUGUSTA 401(K) PLAN

401k plan membership statisitcs for THE BANK OF AUGUSTA 401(K) PLAN

Measure Date Value
2025: THE BANK OF AUGUSTA 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-3032
Total number of particpants at end of year2025-09-3029
Number of Participants With Account Balances2025-09-3023
2024: THE BANK OF AUGUSTA 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1525
Total number of particpants at end of year2024-10-1531
Number of Participants With Account Balances2024-10-1519
2022: THE BANK OF AUGUSTA 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-2919
Total number of particpants at end of year2022-06-2916
Number of Participants With Account Balances2022-06-2915

Financial Data on THE BANK OF AUGUSTA 401(K) PLAN

Measure Date Value
2025 : THE BANK OF AUGUSTA 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-300
Total liabilities as of the beginning of the plan year2025-09-300
Total expenses incurred by plan in this plan year2025-09-308481
Net assets as of the end of the plan year2025-09-301115567
Total assets as of the beginning of the plan year2025-09-30830161
Value of plan covered by a fidelity bond2025-09-302000000
Participant contributions to plan in this plan year2025-09-30116419
Other expenses paid from plan in this plan year2025-09-300
Other contributions to plan in this plan year2025-09-300
Other income to plan in this plan year2025-09-30132211
Plan net income in this plan year2025-09-30285406
Net assets as of the end of the plan year2025-09-301115567
Net assets as of the beginning of the plan year2025-09-30830161
Employer contributions to plan in this plan year2025-09-3045257
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-304802
2024 : THE BANK OF AUGUSTA 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total liabilities as of the end of the plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-151380
Net assets as of the end of the plan year2024-10-15830161
Total assets as of the beginning of the plan year2024-10-15602438
Value of plan covered by a fidelity bond2024-10-151000000
Participant contributions to plan in this plan year2024-10-1578829
Other expenses paid from plan in this plan year2024-10-150
Other contributions to plan in this plan year2024-10-150
Other income to plan in this plan year2024-10-15112184
Plan net income in this plan year2024-10-15227723
Net assets as of the end of the plan year2024-10-15830161
Net assets as of the beginning of the plan year2024-10-15602438
Employer contributions to plan in this plan year2024-10-1538090
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-151380
2022 : THE BANK OF AUGUSTA 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-290
Total liabilities as of the end of the plan year2022-06-290
Total liabilities as of the beginning of the plan year2022-06-290
Total expenses incurred by plan in this plan year2022-06-2953311
Net assets as of the end of the plan year2022-06-29645031
Total assets as of the beginning of the plan year2022-06-29524926
Value of plan covered by a fidelity bond2022-06-291000000
Participant contributions to plan in this plan year2022-06-2976880
Other expenses paid from plan in this plan year2022-06-290
Other contributions to plan in this plan year2022-06-290
Other income to plan in this plan year2022-06-2964899
Plan net income in this plan year2022-06-29120105
Net assets as of the end of the plan year2022-06-29645031
Net assets as of the beginning of the plan year2022-06-29524926
Employer contributions to plan in this plan year2022-06-2931637
Fees paid to broker by Benefit Provider2022-06-291463
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-295060

Potentially related plans

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