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FIRST STATE BANK PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST STATE BANK PROFIT SHARING PLAN
Plan identification number 001

FIRST STATE BANK 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.
  • 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.

401k Sponsoring company profile

FIRST STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK
Employer identification number (EIN):710057080
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TONI LAWS2024-06-21
0012022-01-01TONI LAWS2023-07-13 TONI LAWS2023-07-13
0012021-01-01TONI LAWS2022-06-01 TONI LAWS2022-06-01
0012020-01-01TONI LAWS2021-07-29 TONI LAWS2021-07-29
0012019-01-01TONI LAWS2020-05-19 TONI LAWS2020-05-19
0012018-01-01TONI LAWS2019-07-12 TONI LAWS2019-07-12
0012017-01-01TONI B. LAWS2018-09-30 TONI B. LAWS2018-09-30
0012016-01-01TONI LAWS2017-05-22 TONI LAWS2017-05-22
0012015-01-01TONI LAWS2016-07-26 TONI LAWS2016-07-26
0012014-01-01TONI LAWS2015-07-29 TONI LAWS2015-07-29
0012013-01-01TONI LAWS2014-07-21 TONI LAWS2014-07-21
0012012-01-01TONI LAWS2013-07-26 TONI LAWS2013-07-26
0012011-01-01TONI LAWS2012-07-18 TONI LAWS2012-07-18
0012010-01-01TONI LAWS2011-09-16 TONI LAWS2011-09-16

Financial Data on FIRST STATE BANK PROFIT SHARING PLAN

Measure Date Value
2025 : FIRST STATE BANK PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-100
Total liabilities as of the end of the plan year2025-07-100
Total liabilities as of the beginning of the plan year2025-07-100
Total expenses incurred by plan in this plan year2025-07-10637885
Net assets as of the end of the plan year2025-07-1010151020
Total assets as of the beginning of the plan year2025-07-108803602
Value of plan covered by a fidelity bond2025-07-105000000
Participant contributions to plan in this plan year2025-07-10377889
Other expenses paid from plan in this plan year2025-07-100
Other contributions to plan in this plan year2025-07-106794
Other income to plan in this plan year2025-07-101443993
Plan net income in this plan year2025-07-101347418
Net assets as of the end of the plan year2025-07-1010151020
Net assets as of the beginning of the plan year2025-07-108803602
Employer contributions to plan in this plan year2025-07-10156627
Fees paid to broker by Benefit Provider2025-07-1023836
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1023836
2024 : FIRST STATE BANK PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-210
Total liabilities as of the end of the plan year2024-06-210
Total liabilities as of the beginning of the plan year2024-06-210
Total expenses incurred by plan in this plan year2024-06-21836128
Net assets as of the end of the plan year2024-06-218803602
Total assets as of the beginning of the plan year2024-06-217714370
Value of plan covered by a fidelity bond2024-06-214000000
Participant contributions to plan in this plan year2024-06-21344655
Other expenses paid from plan in this plan year2024-06-210
Other contributions to plan in this plan year2024-06-2179123
Other income to plan in this plan year2024-06-211351275
Plan net income in this plan year2024-06-211089232
Net assets as of the end of the plan year2024-06-218803602
Net assets as of the beginning of the plan year2024-06-217714370
Employer contributions to plan in this plan year2024-06-21150307
Fees paid to broker by Benefit Provider2024-06-2116922
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2118388
2022 : FIRST STATE BANK PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-010
Total liabilities as of the end of the plan year2022-06-010
Total liabilities as of the beginning of the plan year2022-06-010
Total expenses incurred by plan in this plan year2022-06-0143977
Net assets as of the end of the plan year2022-06-019276902
Total assets as of the beginning of the plan year2022-06-017587973
Value of plan covered by a fidelity bond2022-06-014000000
Participant contributions to plan in this plan year2022-06-01298435
Other expenses paid from plan in this plan year2022-06-010
Other contributions to plan in this plan year2022-06-01156
Other income to plan in this plan year2022-06-011303333
Plan net income in this plan year2022-06-011688929
Net assets as of the end of the plan year2022-06-019276902
Net assets as of the beginning of the plan year2022-06-017587973
Employer contributions to plan in this plan year2022-06-01130982
Fees paid to broker by Benefit Provider2022-06-0117671
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-0150

Potentially related plans

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