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THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameTHE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN
Plan identification number 001

THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND 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

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

Company Name:THE FIRST STATE BANK OF ABERNATHY, TEXAS
Employer identification number (EIN):750270280
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JENTRI TURNER2024-09-11
0012022-01-01JENTRI TURNER2023-10-16
0012021-01-01VICKI GRISHAM2022-07-22
0012020-01-01VICKI GRISHAM2021-08-04
0012019-01-01VICKI GRISHAM2020-07-03
0012018-01-01VICKI GRISHAM2019-10-09
0012017-01-01VICKI GRISHAM
0012016-01-01VICKI GRISHAM
0012015-01-01VICKI GRISHAM
0012014-01-01VICKI GRISHAM
0012013-01-01VICKI GRISHAM
0012012-01-01VICKI GRISHAM VICKI GRISHAM2013-09-19
0012011-01-01VICKI GRISHAM
0012010-01-01VICKI GRISHAM
0012009-01-01VICKI GRISHAM

Financial Data on THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2025 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-1912737
Net assets as of the end of the plan year2025-08-19910387
Total assets as of the beginning of the plan year2025-08-19712318
Value of plan covered by a fidelity bond2025-08-191000000
Participant contributions to plan in this plan year2025-08-1979025
Value of participant loans at end of plan year2025-08-1921519
Other income to plan in this plan year2025-08-1980999
Plan net income in this plan year2025-08-19198069
Net assets as of the end of the plan year2025-08-19910387
Net assets as of the beginning of the plan year2025-08-19712318
Employer contributions to plan in this plan year2025-08-1950782
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-1910744
2024 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1137422
Net assets as of the end of the plan year2024-09-11712318
Total assets as of the beginning of the plan year2024-09-11567179
Value of plan covered by a fidelity bond2024-09-111000000
Participant contributions to plan in this plan year2024-09-1160574
Value of participant loans at end of plan year2024-09-1126490
Other contributions to plan in this plan year2024-09-110
Other income to plan in this plan year2024-09-1179719
Plan net income in this plan year2024-09-11145139
Net assets as of the end of the plan year2024-09-11712318
Net assets as of the beginning of the plan year2024-09-11567179
Employer contributions to plan in this plan year2024-09-1142268
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-118400
2022 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-227953
Net assets as of the end of the plan year2022-07-22556882
Total assets as of the beginning of the plan year2022-07-22419390
Value of plan covered by a fidelity bond2022-07-221000000
Participant contributions to plan in this plan year2022-07-2248861
Other contributions to plan in this plan year2022-07-220
Other income to plan in this plan year2022-07-2258303
Plan net income in this plan year2022-07-22137492
Net assets as of the end of the plan year2022-07-22556882
Net assets as of the beginning of the plan year2022-07-22419390
Employer contributions to plan in this plan year2022-07-2238281
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-227953
2017 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$89,319
Expenses. Total of all expenses incurred2017-12-31$5,540
Benefits paid (including direct rollovers)2017-12-31$4,100
Total plan assets at end of year2017-12-31$307,852
Total plan assets at beginning of year2017-12-31$224,073
Value of fidelity bond covering the plan2017-12-31$1,000,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$22,553
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$49,184
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$83,779
Net plan assets at end of year (total assets less liabilities)2017-12-31$307,852
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$224,073
Assets. Value of participant loans2017-12-31$0
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$17,582
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$1,440
2016 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$46,806
Expenses. Total of all expenses incurred2016-12-31$32,167
Benefits paid (including direct rollovers)2016-12-31$30,702
Total plan assets at end of year2016-12-31$224,073
Total plan assets at beginning of year2016-12-31$209,434
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$14,500
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$19,692
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$14,639
Net plan assets at end of year (total assets less liabilities)2016-12-31$224,073
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$209,434
Total contributions received or receivable from employer(s)2016-12-31$12,614
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,465
2015 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
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$31,083
Expenses. Total of all expenses incurred2015-12-31$2,374
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$209,434
Total plan assets at beginning of year2015-12-31$180,725
Value of fidelity bond covering the plan2015-12-31$1,000,000
Total contributions received or receivable from participants2015-12-31$16,657
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-103
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$28,709
Net plan assets at end of year (total assets less liabilities)2015-12-31$209,434
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$180,725
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$14,529
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$934
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$1,440
2014 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$39,281
Expenses. Total of all expenses incurred2014-12-31$9,031
Benefits paid (including direct rollovers)2014-12-31$6,700
Total plan assets at end of year2014-12-31$180,725
Total plan assets at beginning of year2014-12-31$150,475
Value of fidelity bond covering the plan2014-12-31$1,000,000
Total contributions received or receivable from participants2014-12-31$13,250
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$15,506
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$30,250
Net plan assets at end of year (total assets less liabilities)2014-12-31$180,725
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$150,475
Total contributions received or receivable from employer(s)2014-12-31$10,525
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$891
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,440
2013 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$48,502
Expenses. Total of all expenses incurred2013-12-31$1,440
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$150,475
Total plan assets at beginning of year2013-12-31$103,413
Value of fidelity bond covering the plan2013-12-31$1,000,000
Total contributions received or receivable from participants2013-12-31$10,622
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$29,438
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$47,062
Net plan assets at end of year (total assets less liabilities)2013-12-31$150,475
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$103,413
Total contributions received or receivable from employer(s)2013-12-31$8,442
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,440
2012 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$31,436
Expenses. Total of all expenses incurred2012-12-31$22,120
Benefits paid (including direct rollovers)2012-12-31$20,655
Total plan assets at end of year2012-12-31$103,413
Total plan assets at beginning of year2012-12-31$94,097
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$9,561
Other income received2012-12-31$13,651
Net income (gross income less expenses)2012-12-31$9,316
Net plan assets at end of year (total assets less liabilities)2012-12-31$103,413
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$94,097
Total contributions received or receivable from employer(s)2012-12-31$8,224
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,465
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$15,968
Expenses. Total of all expenses incurred2011-12-31$75,300
Benefits paid (including direct rollovers)2011-12-31$73,451
Total plan assets at end of year2011-12-31$94,097
Total plan assets at beginning of year2011-12-31$153,429
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$10,624
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-3,735
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-59,332
Net plan assets at end of year (total assets less liabilities)2011-12-31$94,097
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$153,429
Total contributions received or receivable from employer(s)2011-12-31$9,079
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$334
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,515
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$45,715
Expenses. Total of all expenses incurred2010-12-31$15,836
Benefits paid (including direct rollovers)2010-12-31$14,396
Total plan assets at end of year2010-12-31$153,429
Total plan assets at beginning of year2010-12-31$123,550
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$14,472
Other income received2010-12-31$19,140
Net income (gross income less expenses)2010-12-31$29,879
Net plan assets at end of year (total assets less liabilities)2010-12-31$153,429
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$123,550
Total contributions received or receivable from employer(s)2010-12-31$12,103
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,440
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-12-31$48,628
Expenses. Total of all expenses incurred2009-12-31$5,943
Benefits paid (including direct rollovers)2009-12-31$4,478
Total plan assets at end of year2009-12-31$123,550
Total plan assets at beginning of year2009-12-31$80,865
Value of fidelity bond covering the plan2009-12-31$1,000,000
Total contributions received or receivable from participants2009-12-31$13,326
Other income received2009-12-31$24,085
Net income (gross income less expenses)2009-12-31$42,685
Net plan assets at end of year (total assets less liabilities)2009-12-31$123,550
Net plan assets at beginning of year (total assets less liabilities)2009-12-31$80,865
Total contributions received or receivable from employer(s)2009-12-31$11,217
Expenses. Administrative service providers (salaries,fees and commissions)2009-12-31$1,465

Form 5500 Responses for THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN

2017: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 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
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 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: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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
2014: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING 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 – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: THE FIRST STATE BANK OF ABERNATHY, TEXAS 401(K) AND PROFIT SHARING 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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