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THE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN
Plan identification number 002

THE FIRST NATIONAL BANK OF MERTZON 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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 NATIONAL BANK OF MERTZON has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF MERTZON
Employer identification number (EIN):750435225
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01RAYMOND CHERRY2024-06-28
0022022-01-01RAYMOND CHERRY2023-07-27
0022021-01-01RAYMOND CHERRY2022-07-22
0022020-01-01RAYMOND CHERRY2021-07-23
0022019-01-01RAYMOND CHERRY2020-07-28
0022018-01-01RAYMOND CHERRY2019-08-05
0022017-01-01RAYMOND CHERRY2018-07-26
0022016-01-01RAYMOND CHERRY2017-07-26
0022015-01-01RAYMOND CHERRY2016-07-15
0022014-01-01RAYMOND CHERRY2015-07-20
0022013-01-01RAYMOND CHERRY2014-07-15
0022012-01-01RAYMOND CHERRY2013-07-10
0022011-01-01RAYMOND CHERRY2012-05-22
0022010-01-01RAYMOND CHERRY2011-05-25

Financial Data on THE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-07-250
Total expenses incurred by plan in this plan year2025-07-25181008
Net assets as of the end of the plan year2025-07-254581239
Total assets as of the beginning of the plan year2025-07-253978723
Value of plan covered by a fidelity bond2025-07-25500000
Participant contributions to plan in this plan year2025-07-25152015
Value of participant loans at end of plan year2025-07-2514984
Other income to plan in this plan year2025-07-25516922
Plan net income in this plan year2025-07-25602516
Net assets as of the end of the plan year2025-07-254581239
Net assets as of the beginning of the plan year2025-07-253978723
Employer contributions to plan in this plan year2025-07-25114587
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2534195
2024 : THE FIRST NATIONAL BANK OF MERTZON 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-06-280
Total expenses incurred by plan in this plan year2024-06-28313866
Net assets as of the end of the plan year2024-06-283978723
Total assets as of the beginning of the plan year2024-06-283432262
Value of plan covered by a fidelity bond2024-06-28500000
Participant contributions to plan in this plan year2024-06-28133388
Value of participant loans at end of plan year2024-06-2831595
Other income to plan in this plan year2024-06-28624989
Plan net income in this plan year2024-06-28546461
Net assets as of the end of the plan year2024-06-283978723
Net assets as of the beginning of the plan year2024-06-283432262
Employer contributions to plan in this plan year2024-06-28101950
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-2832060

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