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FIRST NATIONAL BANK OF MCGREGOR ESOP 401k Plan overview

Plan NameFIRST NATIONAL BANK OF MCGREGOR ESOP
Plan identification number 002

FIRST NATIONAL BANK OF MCGREGOR ESOP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

THE FIRST NATIONAL BANK OF MCGREGOR DBA TFNB YOUR BANK FOR LIFE has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF MCGREGOR DBA TFNB YOUR BANK FOR LIFE
Employer identification number (EIN):740775779
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF MCGREGOR ESOP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01CHRISTY DE LEON
0022017-01-01J. MICHAEL BEARD
0022016-01-01J. MICHAEL BEARD
0022015-01-01J. MICHAEL BEARD

Plan Statistics for FIRST NATIONAL BANK OF MCGREGOR ESOP

401k plan membership statisitcs for FIRST NATIONAL BANK OF MCGREGOR ESOP

Measure Date Value
2022: FIRST NATIONAL BANK OF MCGREGOR ESOP 2022 401k membership
Total participants, beginning-of-year2022-01-0194
Total number of active participants reported on line 7a of the Form 55002022-01-0195
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-011
Total of all active and inactive participants2022-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0196
Number of participants with account balances2022-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: FIRST NATIONAL BANK OF MCGREGOR ESOP 2021 401k membership
Total participants, beginning-of-year2021-01-0182
Total number of active participants reported on line 7a of the Form 55002021-01-0189
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0194
Number of participants with account balances2021-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017
2020: FIRST NATIONAL BANK OF MCGREGOR ESOP 2020 401k membership
Total participants, beginning-of-year2020-01-0171
Total number of active participants reported on line 7a of the Form 55002020-01-0178
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0182
Number of participants with account balances2020-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: FIRST NATIONAL BANK OF MCGREGOR ESOP 2019 401k membership
Total participants, beginning-of-year2019-01-0157
Total number of active participants reported on line 7a of the Form 55002019-01-0159
Number of retired or separated participants receiving benefits2019-01-013
Number of other retired or separated participants entitled to future benefits2019-01-019
Total of all active and inactive participants2019-01-0171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0171
Number of participants with account balances2019-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: FIRST NATIONAL BANK OF MCGREGOR ESOP 2018 401k membership
Total participants, beginning-of-year2018-01-0143
Total number of active participants reported on line 7a of the Form 55002018-01-0150
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-017
Total of all active and inactive participants2018-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0157
Number of participants with account balances2018-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-014
2017: FIRST NATIONAL BANK OF MCGREGOR ESOP 2017 401k membership
Total participants, beginning-of-year2017-01-0139
Total number of active participants reported on line 7a of the Form 55002017-01-0137
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-016
Total of all active and inactive participants2017-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0143
Number of participants with account balances2017-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: FIRST NATIONAL BANK OF MCGREGOR ESOP 2016 401k membership
Total participants, beginning-of-year2016-01-0132
Total number of active participants reported on line 7a of the Form 55002016-01-0137
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0139
Number of participants with account balances2016-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST NATIONAL BANK OF MCGREGOR ESOP 2015 401k membership
Total participants, beginning-of-year2015-01-010
Total number of active participants reported on line 7a of the Form 55002015-01-0132
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0132
Number of participants with account balances2015-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on FIRST NATIONAL BANK OF MCGREGOR ESOP

Measure Date Value
2022 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2022 401k financial data
Total plan liabilities at end of year2022-12-31$750,737
Total plan liabilities at beginning of year2022-12-31$1,179,076
Total income from all sources2022-12-31$1,055,345
Expenses. Total of all expenses incurred2022-12-31$257,550
Benefits paid (including direct rollovers)2022-12-31$201,285
Total plan assets at end of year2022-12-31$8,213,059
Total plan assets at beginning of year2022-12-31$7,843,603
Value of fidelity bond covering the plan2022-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$55,515
Other income received2022-12-31$325,562
Net income (gross income less expenses)2022-12-31$797,795
Net plan assets at end of year (total assets less liabilities)2022-12-31$7,462,322
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$6,664,527
Assets. Value of employer securities2022-12-31$8,155,641
Total contributions received or receivable from employer(s)2022-12-31$729,783
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$750
2021 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2021 401k financial data
Total plan liabilities at end of year2021-12-31$1,179,076
Total plan liabilities at beginning of year2021-12-31$1,608,775
Total income from all sources2021-12-31$1,749,873
Expenses. Total of all expenses incurred2021-12-31$280,368
Benefits paid (including direct rollovers)2021-12-31$217,536
Total plan assets at end of year2021-12-31$7,843,603
Total plan assets at beginning of year2021-12-31$6,803,797
Value of fidelity bond covering the plan2021-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2021-12-31$62,307
Other income received2021-12-31$1,020,475
Net income (gross income less expenses)2021-12-31$1,469,505
Net plan assets at end of year (total assets less liabilities)2021-12-31$6,664,527
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,195,022
Assets. Value of employer securities2021-12-31$7,736,156
Total contributions received or receivable from employer(s)2021-12-31$729,398
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$525
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2020 401k financial data
Total plan liabilities at end of year2020-12-31$1,608,775
Total plan liabilities at beginning of year2020-12-31$2,036,354
Total income from all sources2020-12-31$513,052
Expenses. Total of all expenses incurred2020-12-31$358,499
Benefits paid (including direct rollovers)2020-12-31$267,907
Total plan assets at end of year2020-12-31$6,803,797
Total plan assets at beginning of year2020-12-31$7,076,823
Value of fidelity bond covering the plan2020-12-31$5,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$89,617
Other income received2020-12-31$-426,605
Net income (gross income less expenses)2020-12-31$154,553
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,195,022
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,040,469
Assets. Value of employer securities2020-12-31$6,627,910
Total contributions received or receivable from employer(s)2020-12-31$939,657
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$975
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2019 401k financial data
Total plan liabilities at end of year2019-12-31$2,036,354
Total plan liabilities at beginning of year2019-12-31$2,464,468
Total income from all sources2019-12-31$563,936
Expenses. Total of all expenses incurred2019-12-31$219,759
Benefits paid (including direct rollovers)2019-12-31$71,240
Total plan assets at end of year2019-12-31$7,076,823
Total plan assets at beginning of year2019-12-31$7,160,760
Value of fidelity bond covering the plan2019-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$148,069
Other income received2019-12-31$-95,683
Net income (gross income less expenses)2019-12-31$344,177
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,040,469
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,696,292
Assets. Value of employer securities2019-12-31$6,994,464
Total contributions received or receivable from employer(s)2019-12-31$659,619
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$450
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2018 401k financial data
Total plan liabilities at end of year2018-12-31$2,464,468
Total plan liabilities at beginning of year2018-12-31$2,892,807
Total income from all sources2018-12-31$2,200,764
Expenses. Total of all expenses incurred2018-12-31$195,996
Benefits paid (including direct rollovers)2018-12-31$34,907
Total plan assets at end of year2018-12-31$7,160,760
Total plan assets at beginning of year2018-12-31$5,584,331
Value of fidelity bond covering the plan2018-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2018-12-31$160,864
Other income received2018-12-31$1,544,060
Net income (gross income less expenses)2018-12-31$2,004,768
Net plan assets at end of year (total assets less liabilities)2018-12-31$4,696,292
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,691,524
Assets. Value of employer securities2018-12-31$7,092,477
Total contributions received or receivable from employer(s)2018-12-31$656,704
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$225
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2017 401k financial data
Total plan liabilities at end of year2017-12-31$2,892,807
Total plan liabilities at beginning of year2017-12-31$2,999,948
Total income from all sources2017-12-31$1,526,782
Expenses. Total of all expenses incurred2017-12-31$678,580
Benefits paid (including direct rollovers)2017-12-31$50,021
Total plan assets at end of year2017-12-31$5,584,331
Total plan assets at beginning of year2017-12-31$4,843,270
Value of fidelity bond covering the plan2017-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$628,559
Other income received2017-12-31$1,029,202
Net income (gross income less expenses)2017-12-31$848,202
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,691,524
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,843,322
Assets. Value of employer securities2017-12-31$5,543,488
Total contributions received or receivable from employer(s)2017-12-31$497,580
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$49,780
2016 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2016 401k financial data
Total plan liabilities at end of year2016-12-31$2,999,948
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$1,242,702
Expenses. Total of all expenses incurred2016-12-31$0
Total plan assets at end of year2016-12-31$4,843,270
Total plan assets at beginning of year2016-12-31$600,620
Value of fidelity bond covering the plan2016-12-31$2,000,000
Other income received2016-12-31$936,712
Net income (gross income less expenses)2016-12-31$1,242,702
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,843,322
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$600,620
Assets. Value of employer securities2016-12-31$4,838,372
Total contributions received or receivable from employer(s)2016-12-31$305,990
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : FIRST NATIONAL BANK OF MCGREGOR ESOP 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$600,620
Expenses. Total of all expenses incurred2015-12-31$0
Total plan assets at end of year2015-12-31$600,620
Total plan assets at beginning of year2015-12-31$0
Value of fidelity bond covering the plan2015-12-31$2,000,000
Contributions received from other sources (not participants or employers)2015-12-31$443,771
Other income received2015-12-31$156,849
Net income (gross income less expenses)2015-12-31$600,620
Net plan assets at end of year (total assets less liabilities)2015-12-31$600,620
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of employer securities2015-12-31$600,516
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for FIRST NATIONAL BANK OF MCGREGOR ESOP

2022: FIRST NATIONAL BANK OF MCGREGOR ESOP 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST NATIONAL BANK OF MCGREGOR ESOP 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST NATIONAL BANK OF MCGREGOR ESOP 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST NATIONAL BANK OF MCGREGOR ESOP 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST NATIONAL BANK OF MCGREGOR ESOP 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST NATIONAL BANK OF MCGREGOR ESOP 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST NATIONAL BANK OF MCGREGOR ESOP 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST NATIONAL BANK OF MCGREGOR ESOP 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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