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FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameFIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.

401k Sponsoring company profile

FIRST NATIONAL BANK OF BYERS has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK OF BYERS
Employer identification number (EIN):750169008
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01BRANDIE WATSON2014-09-10
0012012-01-01BRANDIE WATSON2013-07-30
0012011-01-01BRANDIE WATSON2012-07-30
0012009-01-01BRANDIE WATSON

Plan Statistics for FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2009: FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0129
Total number of active participants reported on line 7a of the Form 55002009-01-0133
Total of all active and inactive participants2009-01-0133
Total participants2009-01-0133
Number of participants with account balances2009-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2010 : FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total income from all sources2010-12-31$118,155
Expenses. Total of all expenses incurred2010-12-31$17,662
Total plan assets at end of year2010-12-31$1,664,798
Total plan assets at beginning of year2010-12-31$1,564,305
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$47,749
Other income received2010-12-31$70,406
Net income (gross income less expenses)2010-12-31$100,493
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,664,798
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,564,305
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$17,662

Form 5500 Responses for FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST

2009: FIRST NATIONAL BANK OF BYERS 401(K) PROFIT SHARING PLAN AND TRUST 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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