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FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN
Plan identification number 002

FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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

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

Company Name:FIRST NATIONAL BANK OF MOUNT VERNON
Employer identification number (EIN):750452781
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01JULIE DEGELIA
0022017-01-01ANDREW LEE
0022016-01-01ANDREW LEE
0022015-01-01ANDREW LEE
0022014-01-01ANDREW LEE
0022013-01-01GARRY ROMINES2014-09-17 GARRY ROMINES2014-09-17
0022012-01-01JOHANNA FLORES2013-10-07
0022011-01-01GARRY ROMINES2012-09-21 GARRY ROMINES2012-09-21
0022010-01-01KENNETH POWELL2011-08-01

Plan Statistics for FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN

Measure Date Value
2020: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0126
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
2019: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0136
Total number of active participants reported on line 7a of the Form 55002019-01-016
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0119
Total of all active and inactive participants2019-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0126
Number of participants with account balances2019-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0133
Total number of active participants reported on line 7a of the Form 55002018-01-0132
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-014
Total of all active and inactive participants2018-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0136
Number of participants with account balances2018-01-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0141
Total number of active participants reported on line 7a of the Form 55002017-01-0130
Number of other retired or separated participants entitled to future benefits2017-01-013
Total of all active and inactive participants2017-01-0133
Total participants2017-01-0133
Number of participants with account balances2017-01-0130
2016: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0138
Total number of active participants reported on line 7a of the Form 55002016-01-0136
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-015
Total of all active and inactive participants2016-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0141
Number of participants with account balances2016-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0132
Total number of active participants reported on line 7a of the Form 55002015-01-0133
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0138
Number of participants with account balances2015-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-012
2014: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0134
Total number of active participants reported on line 7a of the Form 55002014-01-0124
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0132
Number of participants with account balances2014-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN

Measure Date Value
2020 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2020 401k financial data
Transfers to/from the plan2020-01-27$0
Total plan liabilities at end of year2020-01-27$0
Total plan liabilities at beginning of year2020-01-27$0
Total income from all sources2020-01-27$-1
Expenses. Total of all expenses incurred2020-01-27$2,329
Benefits paid (including direct rollovers)2020-01-27$2,329
Total plan assets at end of year2020-01-27$0
Total plan assets at beginning of year2020-01-27$2,330
Value of fidelity bond covering the plan2020-01-27$2,275,000
Total contributions received or receivable from participants2020-01-27$0
Expenses. Other expenses not covered elsewhere2020-01-27$0
Contributions received from other sources (not participants or employers)2020-01-27$0
Other income received2020-01-27$-1
Noncash contributions received2020-01-27$0
Net income (gross income less expenses)2020-01-27$-2,330
Net plan assets at end of year (total assets less liabilities)2020-01-27$0
Net plan assets at beginning of year (total assets less liabilities)2020-01-27$2,330
Total contributions received or receivable from employer(s)2020-01-27$0
Value of certain deemed distributions of participant loans2020-01-27$0
Value of corrective distributions2020-01-27$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-01-27$0
2019 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$102,703
Expenses. Total of all expenses incurred2019-12-31$1,244,418
Benefits paid (including direct rollovers)2019-12-31$1,240,488
Total plan assets at end of year2019-12-31$2,330
Total plan assets at beginning of year2019-12-31$1,144,045
Value of fidelity bond covering the plan2019-12-31$2,275,000
Total contributions received or receivable from participants2019-12-31$14,600
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$82,770
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$-1,141,715
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,330
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,144,045
Assets. Value of participant loans2019-12-31$0
Total contributions received or receivable from employer(s)2019-12-31$5,333
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$3,930
2018 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$40,903
Expenses. Total of all expenses incurred2018-12-31$91,673
Benefits paid (including direct rollovers)2018-12-31$85,122
Total plan assets at end of year2018-12-31$1,144,045
Total plan assets at beginning of year2018-12-31$1,194,815
Value of fidelity bond covering the plan2018-12-31$2,275,000
Total contributions received or receivable from participants2018-12-31$82,639
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-72,713
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-50,770
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,144,045
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,194,815
Assets. Value of participant loans2018-12-31$27,791
Total contributions received or receivable from employer(s)2018-12-31$30,977
Value of certain deemed distributions of participant loans2018-12-31$5,938
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$613
2017 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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$257,150
Expenses. Total of all expenses incurred2017-12-31$200,929
Benefits paid (including direct rollovers)2017-12-31$200,210
Total plan assets at end of year2017-12-31$1,194,815
Total plan assets at beginning of year2017-12-31$1,138,594
Value of fidelity bond covering the plan2017-12-31$2,275,000
Total contributions received or receivable from participants2017-12-31$82,091
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$143,610
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$56,221
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,194,815
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,138,594
Assets. Value of participant loans2017-12-31$27,493
Total contributions received or receivable from employer(s)2017-12-31$31,449
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$719
2016 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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$161,296
Expenses. Total of all expenses incurred2016-12-31$22,131
Benefits paid (including direct rollovers)2016-12-31$21,625
Total plan assets at end of year2016-12-31$1,138,594
Total plan assets at beginning of year2016-12-31$999,429
Value of fidelity bond covering the plan2016-12-31$2,275,000
Total contributions received or receivable from participants2016-12-31$76,338
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$1,570
Other income received2016-12-31$52,335
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$139,165
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,138,594
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$999,429
Assets. Value of participant loans2016-12-31$34,462
Total contributions received or receivable from employer(s)2016-12-31$31,053
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$506
2015 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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$75,189
Expenses. Total of all expenses incurred2015-12-31$126,178
Benefits paid (including direct rollovers)2015-12-31$125,747
Total plan assets at end of year2015-12-31$999,429
Total plan assets at beginning of year2015-12-31$1,050,418
Value of fidelity bond covering the plan2015-12-31$2,275,000
Total contributions received or receivable from participants2015-12-31$63,490
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-16,494
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-50,989
Net plan assets at end of year (total assets less liabilities)2015-12-31$999,429
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,050,418
Assets. Value of participant loans2015-12-31$59,118
Total contributions received or receivable from employer(s)2015-12-31$28,193
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$431
2014 : FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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$120,107
Expenses. Total of all expenses incurred2014-12-31$152,293
Benefits paid (including direct rollovers)2014-12-31$152,293
Total plan assets at end of year2014-12-31$1,050,418
Total plan assets at beginning of year2014-12-31$1,082,604
Value of fidelity bond covering the plan2014-12-31$2,275,000
Total contributions received or receivable from participants2014-12-31$55,919
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$37,914
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-32,186
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,050,418
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,082,604
Assets. Value of participant loans2014-12-31$62,010
Total contributions received or receivable from employer(s)2014-12-31$26,274
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0

Form 5500 Responses for FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN

2020: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS PLAN 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 filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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 MOUNT VERNON EMPLOYEES SAVINGS PLAN 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 MOUNT VERNON EMPLOYEES SAVINGS PLAN 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 MOUNT VERNON EMPLOYEES SAVINGS 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
2017-01-01This 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 MOUNT VERNON EMPLOYEES SAVINGS 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: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES SAVINGS 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: FIRST NATIONAL BANK OF MOUNT VERNON EMPLOYEES 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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