?>
Logo

RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

FIRST STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK
Employer identification number (EIN):750577545
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01TIM COOPER2021-06-29 TIM COOPER2021-06-29
0012019-01-01TIM COOPER2020-09-02 TIM COOPER2020-09-02
0012018-01-01TIM COOPER2019-09-06 TIM COOPER2019-09-06
0012017-01-01MICHAEL L. SCHNELL2018-09-24 MICHAEL L. SCHNELL2018-09-24
0012016-01-01MICHAEL L. SCHNELL2017-06-26
0012015-01-01MICHAEL L. SCHNELL2016-06-27
0012014-01-01MICHAEL L. SCHNELL2015-05-20
0012013-01-01MICHAEL L. SCHNELL2014-06-12
0012012-01-01MICHAEL L. SCHNELL2013-06-20
0012011-01-01MICHAEL L. SCHNELL2012-06-29
0012009-01-01MICHAEL L. SCHNELL

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS

Measure Date Value
2020: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2020 401k membership
Market value of plan assets2020-12-103,829,107
Acturial value of plan assets2020-12-103,829,107
Funding target for retired participants and beneficiaries receiving payment2020-12-103,035,879
Number of terminated vested participants2020-12-101
Fundng target for terminated vested participants2020-12-1071,129
Active participant vested funding target2020-12-101,393,022
Number of active participants2020-12-107
Total funding liabilities for active participants2020-12-101,393,022
Total participant count2020-12-1016
Total funding target for all participants2020-12-104,500,030
Balance at beginning of prior year after applicable adjustments2020-12-100
Prefunding balance at beginning of prior year after applicable adjustments2020-12-100
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-100
Prefunding balanced used to offset prior years funding requirement2020-12-100
Amount remaining of carryover balance2020-12-100
Amount remaining of prefunding balance2020-12-100
Present value of excess contributions2020-12-1095,888
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-10101,162
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-100
Reductions in caryover balances due to elections or deemed elections2020-12-100
Reductions in prefunding balances due to elections or deemed elections2020-12-100
Balance of carryovers at beginning of current year2020-12-100
Balance of prefunding at beginning of current year2020-12-100
Total employer contributions2020-12-101,646,707
Total employee contributions2020-12-100
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-101,565,256
Liquidity shortfalls end of Q12020-12-100
Liquidity shortfalls end of Q22020-12-100
Liquidity shortfalls end of Q32020-12-100
Liquidity shortfalls end of Q42020-12-100
Unpaid minimum required contributions for all prior years2020-12-100
Remaining amount of unpaid minimum required contributions2020-12-100
Minimum required contributions for current year target normal cost2020-12-1059,387
Net shortfall amortization installment of oustanding balance2020-12-10670,923
Waiver amortization installment2020-12-100
Total funding amount beforereflecting carryover/prefunding balances2020-12-10261,378
Carryover balance elected to use to offset funding requirement2020-12-100
Prefunding balance elected to use to offset funding requirement2020-12-100
Additional cash requirement2020-12-10261,378
Contributions allocatedtoward minimum required contributions for current year2020-12-101,565,256
Unpaid minimum required contributions for current year2020-12-100
Unpaid minimum required contributions for all years2020-12-100
2019: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2019 401k membership
Market value of plan assets2019-12-313,565,059
Acturial value of plan assets2019-12-313,565,059
Funding target for retired participants and beneficiaries receiving payment2019-12-313,163,446
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-3168,541
Active participant vested funding target2019-12-311,287,131
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-311,287,131
Total participant count2019-12-3116
Total funding target for all participants2019-12-314,519,118
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31147,618
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31155,914
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31458,106
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31443,123
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3164,589
Net shortfall amortization installment of oustanding balance2019-12-31954,059
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31347,235
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31347,235
Contributions allocatedtoward minimum required contributions for current year2019-12-31443,123
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2018 401k membership
Market value of plan assets2018-12-313,996,891
Acturial value of plan assets2018-12-313,995,628
Funding target for retired participants and beneficiaries receiving payment2018-12-311,807,548
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-3163,506
Active participant vested funding target2018-12-313,123,429
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-313,123,429
Total participant count2018-12-3117
Total funding target for all participants2018-12-314,994,483
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31105,968
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31105,968
Present value of excess contributions2018-12-31141,038
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31149,232
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-31107,907
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31442,317
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31425,923
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3161,900
Net shortfall amortization installment of oustanding balance2018-12-31998,855
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31278,305
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31278,305
Contributions allocatedtoward minimum required contributions for current year2018-12-31425,923
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2017 401k membership
Market value of plan assets2017-12-313,964,775
Acturial value of plan assets2017-12-313,964,775
Funding target for retired participants and beneficiaries receiving payment2017-12-311,764,343
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-3155,399
Active participant vested funding target2017-12-313,003,766
Number of active participants2017-12-3110
Total funding liabilities for active participants2017-12-313,003,766
Total participant count2017-12-3118
Total funding target for all participants2017-12-314,823,508
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31211,801
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-312,544
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31209,257
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-31104,900
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31105,968
Total employer contributions2017-12-31445,525
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31426,379
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3161,092
Net shortfall amortization installment of oustanding balance2017-12-31964,701
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31285,341
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31285,341
Contributions allocatedtoward minimum required contributions for current year2017-12-31426,379
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2016 401k membership
Market value of plan assets2016-12-313,857,536
Acturial value of plan assets2016-12-313,979,995
Funding target for retired participants and beneficiaries receiving payment2016-12-311,775,106
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-3150,100
Active participant vested funding target2016-12-312,673,810
Number of active participants2016-12-3110
Total funding liabilities for active participants2016-12-312,673,810
Total participant count2016-12-3118
Total funding target for all participants2016-12-314,499,016
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31104,203
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31104,203
Present value of excess contributions2016-12-3198,943
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31105,097
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31105,097
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31211,801
Total employer contributions2016-12-31264,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31252,690
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3168,785
Net shortfall amortization installment of oustanding balance2016-12-31730,822
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31255,234
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-312,544
Additional cash requirement2016-12-31252,690
Contributions allocatedtoward minimum required contributions for current year2016-12-31252,690
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
2009: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2009 401k membership
Total participants, beginning-of-year2009-01-0126
Total number of active participants reported on line 7a of the Form 55002009-01-0117
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS

Measure Date Value
2010 : RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$296,649
Expenses. Total of all expenses incurred2010-12-31$79,298
Benefits paid (including direct rollovers)2010-12-31$72,388
Total plan assets at end of year2010-12-31$2,601,267
Total plan assets at beginning of year2010-12-31$2,383,916
Value of fidelity bond covering the plan2010-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$6,910
Other income received2010-12-31$71,649
Net income (gross income less expenses)2010-12-31$217,351
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,601,267
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,383,916
Total contributions received or receivable from employer(s)2010-12-31$225,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS

2009: RETIREMENT PLAN FOR EMPLOYEES OF FIRST STATE BANK, SPEARMAN, TEXAS 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

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3