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LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST 401k Plan overview

Plan NameLEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST
Plan identification number 001

LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST 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.

401k Sponsoring company profile

LEVEL ONE BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:LEVEL ONE BANCORP, INC.
Employer identification number (EIN):711015624
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about LEVEL ONE BANCORP, INC.

Jurisdiction of Incorporation: Michigan Secretary of State
Incorporation Date: 0000-00-00
Company Identification Number: 41500A
Legal Registered Office Address: HAMILTON COURT FARMINGTON HILLS 48334


United States of America (USA)
32991

More information about LEVEL ONE BANCORP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01LEVEL ONE BANCORP, INC.
0012010-01-01DAVID WALKER2011-03-31

Plan Statistics for LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST

401k plan membership statisitcs for LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST

Measure Date Value
2011: LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0141
Total number of active participants reported on line 7a of the Form 55002011-01-0169
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0118
Total of all active and inactive participants2011-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0187
Number of participants with account balances2011-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST

Measure Date Value
2011 : LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$242,058
Expenses. Total of all expenses incurred2011-12-31$8,738
Benefits paid (including direct rollovers)2011-12-31$8,256
Total plan assets at end of year2011-12-31$786,642
Total plan assets at beginning of year2011-12-31$553,322
Value of fidelity bond covering the plan2011-12-31$0
Total contributions received or receivable from participants2011-12-31$98,242
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$118,962
Net income (gross income less expenses)2011-12-31$233,320
Net plan assets at end of year (total assets less liabilities)2011-12-31$786,642
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$553,322
Assets. Value of participant loans2011-12-31$2,485
Total contributions received or receivable from employer(s)2011-12-31$24,854
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$482
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0

Form 5500 Responses for LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST

2011: LEVEL ONE BANCORP, INC. EMPLOYEES SAVINGS TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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