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COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameCOMMUNITY BANK OF LA 401K PROFIT SHARING PLAN
Plan identification number 005

COMMUNITY BANK OF LA 401K PROFIT 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.

401k Sponsoring company profile

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

Company Name:COMMUNITY BANK OF LA
Employer identification number (EIN):720124950
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052023-01-01
0052022-01-01
0052021-01-01
0052020-01-01
0052019-01-01
0052018-01-01
0052017-01-01
0052016-01-01
0052015-01-01
0052014-01-01SANDY LEE2015-02-06
0052013-01-01SANDY LEE2014-02-19
0052012-01-01SANDY LEE2013-02-22
0052011-01-01SANDY LEE2012-03-02
0052010-01-01SANDY LEE2011-07-20

Financial Data on COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN

Measure Date Value
2025 : COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-02-28196127
Net assets as of the end of the plan year2025-02-282841343
Total assets as of the beginning of the plan year2025-02-282448398
Value of plan covered by a fidelity bond2025-02-28500000
Participant contributions to plan in this plan year2025-02-28224405
Value of participant loans at end of plan year2025-02-28136942
Other income to plan in this plan year2025-02-28318067
Plan net income in this plan year2025-02-28392945
Net assets as of the end of the plan year2025-02-282841343
Net assets as of the beginning of the plan year2025-02-282448398
Employer contributions to plan in this plan year2025-02-2846600
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-2819259
2024 : COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-03-20834320
Net assets as of the end of the plan year2024-03-202448398
Total assets as of the beginning of the plan year2024-03-202627845
Value of plan covered by a fidelity bond2024-03-20500000
Participant contributions to plan in this plan year2024-03-20209727
Value of participant loans at end of plan year2024-03-20162469
Other contributions to plan in this plan year2024-03-2042925
Other income to plan in this plan year2024-03-20352221
Plan net income in this plan year2024-03-20-179447
Net assets as of the end of the plan year2024-03-202448398
Net assets as of the beginning of the plan year2024-03-202627845
Employer contributions to plan in this plan year2024-03-2050000
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-2018223
2022 : COMMUNITY BANK OF LA 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-02-2357511
Net assets as of the end of the plan year2022-02-232965381
Total assets as of the beginning of the plan year2022-02-232502319
Value of plan covered by a fidelity bond2022-02-23500000
Participant contributions to plan in this plan year2022-02-23139556
Value of participant loans at end of plan year2022-02-23119535
Other contributions to plan in this plan year2022-02-23707
Other income to plan in this plan year2022-02-23330310
Plan net income in this plan year2022-02-23463062
Net assets as of the end of the plan year2022-02-232965381
Net assets as of the beginning of the plan year2022-02-232502319
Employer contributions to plan in this plan year2022-02-2350000
Expensese paid to adminstrative service provicers from plan in this plan year2022-02-2317139

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