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THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 401k Plan overview

Plan NameTHE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN
Plan identification number 001

THE FIRST STATE BANK, POND CREEK EMP. SAVINGS 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.
  • 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

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

Company Name:THE FIRST STATE BANK
Employer identification number (EIN):730242240
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK SCATES2024-10-15
0012022-01-01MARK SCATES2023-10-16
0012021-01-01MARK SCATES2022-07-25 MARK SCATES2022-07-25
0012020-01-01MARK SCATES2021-10-14
0012019-01-01MARK SCATES2021-10-14
0012018-01-01MARK SCATES2019-10-15 MARK SCATES2019-10-15
0012017-01-01MARK K SCATES2018-10-15
0012016-01-01MARK SCATES2017-10-16
0012015-01-01MARK SCATES2016-07-29
0012014-01-01MARK SCATES
0012013-01-01MARK SCATES MARK SCATES2014-07-16
0012012-01-01MARK SCATES
0012011-01-01MARK SCATES
0012009-01-01MARK SCATES

Financial Data on THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN

Measure Date Value
2024 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS 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 year2024-10-1538757
Net assets as of the end of the plan year2024-10-152427137
Total assets as of the beginning of the plan year2024-10-152122191
Participant contributions to plan in this plan year2024-10-1538061
Value of participant loans at end of plan year2024-10-157806
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 year2024-10-15267581
Plan net income in this plan year2024-10-15304946
Net assets as of the end of the plan year2024-10-152427137
Net assets as of the beginning of the plan year2024-10-152122191
Employer contributions to plan in this plan year2024-10-1538061
Fees paid to broker by Benefit Provider2024-10-158794
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-15500
2022 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-250
Total expenses incurred by plan in this plan year2022-07-2514709
Net assets as of the end of the plan year2022-07-252446854
Total assets as of the beginning of the plan year2022-07-252214870
Value of plan covered by a fidelity bond2022-07-251825000
Participant contributions to plan in this plan year2022-07-2535382
Value of participant loans at end of plan year2022-07-2525899
Other expenses paid from plan in this plan year2022-07-250
Other contributions to plan in this plan year2022-07-250
Other income to plan in this plan year2022-07-25175929
Plan net income in this plan year2022-07-25231984
Net assets as of the end of the plan year2022-07-252446854
Net assets as of the beginning of the plan year2022-07-252214870
Employer contributions to plan in this plan year2022-07-2535382
Fees paid to broker by Benefit Provider2022-07-259039
2014 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total income from all sources2014-12-31$101,759
Expenses. Total of all expenses incurred2014-12-31$7,948
Benefits paid (including direct rollovers)2014-12-31$7,948
Total plan assets at end of year2014-12-31$1,081,265
Total plan assets at beginning of year2014-12-31$987,454
Value of fidelity bond covering the plan2014-12-31$825,000
Total contributions received or receivable from participants2014-12-31$39,766
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$33,410
Net income (gross income less expenses)2014-12-31$93,811
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,081,265
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$987,454
Assets. Value of participant loans2014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$28,583
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$0
Amount contributed by the employer to the plan for this plan year2014-12-31$0
2013 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total income from all sources2013-12-31$157,290
Expenses. Total of all expenses incurred2013-12-31$7,040
Benefits paid (including direct rollovers)2013-12-31$7,040
Total plan assets at end of year2013-12-31$987,454
Total plan assets at beginning of year2013-12-31$837,204
Value of fidelity bond covering the plan2013-12-31$825,000
Total contributions received or receivable from participants2013-12-31$38,039
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$91,345
Net income (gross income less expenses)2013-12-31$150,250
Net plan assets at end of year (total assets less liabilities)2013-12-31$987,454
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$837,204
Assets. Value of participant loans2013-12-31$0
Total contributions received or receivable from employer(s)2013-12-31$27,906
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Funding deficiency by the employer to the plan for this plan year2013-12-31$0
Minimum employer required contribution for this plan year2013-12-31$0
Amount contributed by the employer to the plan for this plan year2013-12-31$0
2012 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total income from all sources2012-12-31$123,643
Expenses. Total of all expenses incurred2012-12-31$6,214
Benefits paid (including direct rollovers)2012-12-31$6,214
Total plan assets at end of year2012-12-31$837,204
Total plan assets at beginning of year2012-12-31$719,775
Value of fidelity bond covering the plan2012-12-31$825,000
Total contributions received or receivable from participants2012-12-31$30,747
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$66,205
Net income (gross income less expenses)2012-12-31$117,429
Net plan assets at end of year (total assets less liabilities)2012-12-31$837,204
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$719,775
Assets. Value of participant loans2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$26,691
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total income from all sources2011-12-31$40,857
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$719,775
Total plan assets at beginning of year2011-12-31$678,918
Value of fidelity bond covering the plan2011-12-31$825,000
Total contributions received or receivable from participants2011-12-31$29,086
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-13,549
Net income (gross income less expenses)2011-12-31$40,857
Net plan assets at end of year (total assets less liabilities)2011-12-31$719,775
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$678,918
Assets. Value of participant loans2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$25,320
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
2010 : THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$108,376
Expenses. Total of all expenses incurred2010-12-31$40,000
Benefits paid (including direct rollovers)2010-12-31$40,000
Total plan assets at end of year2010-12-31$678,918
Total plan assets at beginning of year2010-12-31$610,542
Value of fidelity bond covering the plan2010-12-31$825,000
Total contributions received or receivable from participants2010-12-31$28,281
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$55,444
Net income (gross income less expenses)2010-12-31$68,376
Net plan assets at end of year (total assets less liabilities)2010-12-31$678,918
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$610,542
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$24,651
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN

2014: THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2013: THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2012: THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2011: THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: THE FIRST STATE BANK, POND CREEK EMP. SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-003892
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-003892
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-003892
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-003892
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-003892
Policy instance 1

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