401k Plan data: STATE-INVESTORS BANK 401(K) PLAN plan

STATE-INVESTORS BANK 401(K) PLAN 401k Plan overview

Plan Name	STATE-INVESTORS BANK 401(K) PLAN
Plan identification number	003

STATE-INVESTORS BANK 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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

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

Company Name: STATE-INVESTORS BANK

Employer identification number (EIN): 720318090

NAIC Classification: 522220
NAIC Description: Sales Financing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE-INVESTORS BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2014-01-01 ANTHONY SCIORTINO DANIEL M. MCGOWAN 2015-06-04
003 2013-01-01 ANTHONY SCIORTINO DANIEL M. MCGOWAN 2014-06-19
003 2012-01-01 ANTHONY SCIORTINO DANIEL M. MCGOWAN 2013-06-07
003 2011-03-02 DANIEL M. MCGOWAN

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
003	2014-01-01	ANTHONY SCIORTINO	DANIEL M. MCGOWAN	2015-06-04
003	2013-01-01	ANTHONY SCIORTINO	DANIEL M. MCGOWAN	2014-06-19
003	2012-01-01	ANTHONY SCIORTINO	DANIEL M. MCGOWAN	2013-06-07
003	2011-03-02	DANIEL M. MCGOWAN

Plan Statistics for STATE-INVESTORS BANK 401(K) PLAN

401k plan membership statisitcs for STATE-INVESTORS BANK 401(K) PLAN

Measure Date Value
2014: STATE-INVESTORS BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 29
Number of retired or separated participants receiving benefits 2014-01-01 2
Number of other retired or separated participants entitled to future benefits 2014-01-01 4
Total of all active and inactive participants 2014-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 35
Number of participants with account balances 2014-01-01 32
2013: STATE-INVESTORS BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 29
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 4
Total of all active and inactive participants 2013-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 33
Number of participants with account balances 2013-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: STATE-INVESTORS BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 29
Number of retired or separated participants receiving benefits 2012-01-01 1
Number of other retired or separated participants entitled to future benefits 2012-01-01 3
Total of all active and inactive participants 2012-01-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 33
Number of participants with account balances 2012-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: STATE-INVESTORS BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-03-02 0
Total number of active participants reported on line 7a of the Form 5500 2011-03-02 28
Number of retired or separated participants receiving benefits 2011-03-02 1
Number of other retired or separated participants entitled to future benefits 2011-03-02 1
Total of all active and inactive participants 2011-03-02 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-03-02 0
Total participants 2011-03-02 30
Number of participants with account balances 2011-03-02 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-03-02 0

Measure	Date	Value
2014: STATE-INVESTORS BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	29
Number of retired or separated participants receiving benefits	2014-01-01	2
Number of other retired or separated participants entitled to future benefits	2014-01-01	4
Total of all active and inactive participants	2014-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	35
Number of participants with account balances	2014-01-01	32
2013: STATE-INVESTORS BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	29
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	4
Total of all active and inactive participants	2013-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	33
Number of participants with account balances	2013-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: STATE-INVESTORS BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	29
Number of retired or separated participants receiving benefits	2012-01-01	1
Number of other retired or separated participants entitled to future benefits	2012-01-01	3
Total of all active and inactive participants	2012-01-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	33
Number of participants with account balances	2012-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: STATE-INVESTORS BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-03-02	0
Total number of active participants reported on line 7a of the Form 5500	2011-03-02	28
Number of retired or separated participants receiving benefits	2011-03-02	1
Number of other retired or separated participants entitled to future benefits	2011-03-02	1
Total of all active and inactive participants	2011-03-02	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-03-02	0
Total participants	2011-03-02	30
Number of participants with account balances	2011-03-02	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-03-02	0

Financial Data on STATE-INVESTORS BANK 401(K) PLAN

Measure	Date	Value
2014 : STATE-INVESTORS BANK 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$1,780,232
Expenses. Total of all expenses incurred	2014-12-31	$321,242
Benefits paid (including direct rollovers)	2014-12-31	$271,916
Total plan assets at end of year	2014-12-31	$8,942,512
Total plan assets at beginning of year	2014-12-31	$7,483,522
Value of fidelity bond covering the plan	2014-12-31	$3,000,000
Total contributions received or receivable from participants	2014-12-31	$91,239
Expenses. Other expenses not covered elsewhere	2014-12-31	$1,145
Other income received	2014-12-31	$1,423,058
Net income (gross income less expenses)	2014-12-31	$1,458,990
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$8,942,512
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$7,483,522
Assets. Value of participant loans	2014-12-31	$145,182
Assets. Value of employer securities	2014-12-31	$4,292,693
Total contributions received or receivable from employer(s)	2014-12-31	$265,935
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$48,181
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : STATE-INVESTORS BANK 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$962,616
Expenses. Total of all expenses incurred	2013-12-31	$71,359
Benefits paid (including direct rollovers)	2013-12-31	$26,972
Total plan assets at end of year	2013-12-31	$7,483,522
Total plan assets at beginning of year	2013-12-31	$6,592,265
Value of fidelity bond covering the plan	2013-12-31	$3,000,000
Total contributions received or receivable from participants	2013-12-31	$96,792
Expenses. Other expenses not covered elsewhere	2013-12-31	$714
Other income received	2013-12-31	$661,780
Net income (gross income less expenses)	2013-12-31	$891,257
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$7,483,522
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$6,592,265
Assets. Value of participant loans	2013-12-31	$132,061
Assets. Value of employer securities	2013-12-31	$3,540,794
Total contributions received or receivable from employer(s)	2013-12-31	$204,044
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$43,673
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : STATE-INVESTORS BANK 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$2,295,462
Expenses. Total of all expenses incurred	2012-12-31	$62,571
Benefits paid (including direct rollovers)	2012-12-31	$28,125
Total plan assets at end of year	2012-12-31	$6,592,265
Total plan assets at beginning of year	2012-12-31	$4,359,374
Value of fidelity bond covering the plan	2012-12-31	$3,000,000
Total contributions received or receivable from participants	2012-12-31	$87,493
Expenses. Other expenses not covered elsewhere	2012-12-31	$514
Contributions received from other sources (not participants or employers)	2012-12-31	$1,000,204
Other income received	2012-12-31	$939,687
Net income (gross income less expenses)	2012-12-31	$2,232,891
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$6,592,265
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$4,359,374
Assets. Value of participant loans	2012-12-31	$54,366
Assets. Value of employer securities	2012-12-31	$3,459,316
Total contributions received or receivable from employer(s)	2012-12-31	$268,078
Value of corrective distributions	2012-12-31	$1,852
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$32,080
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : STATE-INVESTORS BANK 401(K) PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$3,845,312
Total income from all sources	2011-12-31	$537,761
Expenses. Total of all expenses incurred	2011-12-31	$23,699
Benefits paid (including direct rollovers)	2011-12-31	$8,990
Total plan assets at end of year	2011-12-31	$4,359,374
Total plan assets at beginning of year	2011-12-31	$0
Value of fidelity bond covering the plan	2011-12-31	$3,000,000
Total contributions received or receivable from participants	2011-12-31	$79,128
Expenses. Other expenses not covered elsewhere	2011-12-31	$100
Contributions received from other sources (not participants or employers)	2011-12-31	$71,153
Other income received	2011-12-31	$225,410
Net income (gross income less expenses)	2011-12-31	$514,062
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$4,359,374
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$0
Assets. Value of participant loans	2011-12-31	$20,209
Assets. Value of employer securities	2011-12-31	$2,460,855
Total contributions received or receivable from employer(s)	2011-12-31	$162,070
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$14,609
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0

Form 5500 Responses for STATE-INVESTORS BANK 401(K) PLAN

2014: STATE-INVESTORS BANK 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: STATE-INVESTORS BANK 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: STATE-INVESTORS BANK 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: STATE-INVESTORS BANK 401(K) PLAN 2011 form 5500 responses
2011-03-02	Type of plan entity	Single employer plan
2011-03-02	First time form 5500 has been submitted	Yes
2011-03-02	Submission has been amended	No
2011-03-02	This submission is the final filing	No
2011-03-02	This return/report is a short plan year return/report (less than 12 months)	Yes
2011-03-02	Plan is a collectively bargained plan	No
2011-03-02	Plan funding arrangement – Trust	Yes
2011-03-02	Plan benefit arrangement - Trust	Yes

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Company Name:	STATE-INVESTORS BANK
Employer identification number (EIN):	720318090
NAIC Classification:	522220
NAIC Description:	Sales Financing