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FIRST STATE BANK 401(K) PLAN 401k Plan overview

Plan NameFIRST STATE BANK 401(K) PLAN
Plan identification number 001

FIRST STATE BANK 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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 STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST STATE BANK
Employer identification number (EIN):750989466
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012020-01-01
0012019-01-01
0012018-01-01JUDI CONGER
0012017-01-01JUDI CONGER
0012016-01-01JUDI CONGER
0012016-01-01
0012015-01-01JAMIE COOK
0012014-01-01JUDI CONGER
0012013-01-01JAMIE COOK2014-10-14
0012012-01-01JAMIE COOK2013-08-27
0012011-01-01JAMIE COOK2012-07-30
0012010-01-01JAMIE COOK2011-10-06

Plan Statistics for FIRST STATE BANK 401(K) PLAN

401k plan membership statisitcs for FIRST STATE BANK 401(K) PLAN

Measure Date Value
2020: FIRST STATE BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0149
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
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FIRST STATE BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0152
Total number of active participants reported on line 7a of the Form 55002019-01-0137
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0112
Total of all active and inactive participants2019-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0149
Number of participants with account balances2019-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: FIRST STATE BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0149
Total number of active participants reported on line 7a of the Form 55002018-01-0143
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-019
Total of all active and inactive participants2018-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0152
Number of participants with account balances2018-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: FIRST STATE BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0154
Total number of active participants reported on line 7a of the Form 55002017-01-0141
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-018
Total of all active and inactive participants2017-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0149
Number of participants with account balances2017-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: FIRST STATE BANK 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0156
Total number of active participants reported on line 7a of the Form 55002016-01-0146
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-017
Total of all active and inactive participants2016-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0154
Number of participants with account balances2016-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: FIRST STATE BANK 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0163
Total number of active participants reported on line 7a of the Form 55002015-01-0151
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0156
Number of participants with account balances2015-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-015
2014: FIRST STATE BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0146
Total number of active participants reported on line 7a of the Form 55002014-01-0156
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0163
Number of participants with account balances2014-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012

Financial Data on FIRST STATE BANK 401(K) PLAN

Measure Date Value
2020 : FIRST STATE BANK 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-06-19$0
Total plan liabilities at end of year2020-06-19$0
Total plan liabilities at beginning of year2020-06-19$0
Total income from all sources2020-06-19$-52,058
Expenses. Total of all expenses incurred2020-06-19$1,675,840
Benefits paid (including direct rollovers)2020-06-19$1,672,035
Total plan assets at end of year2020-06-19$0
Total plan assets at beginning of year2020-06-19$1,727,898
Value of fidelity bond covering the plan2020-06-19$3,000,000
Assets. Value of tangible personal property2020-06-19$0
Total contributions received or receivable from participants2020-06-19$34,250
Assets. Value of loans (other than to participants)2020-06-19$0
Expenses. Other expenses not covered elsewhere2020-06-19$0
Contributions received from other sources (not participants or employers)2020-06-19$0
Other income received2020-06-19$-104,241
Noncash contributions received2020-06-19$0
Net income (gross income less expenses)2020-06-19$-1,727,898
Net plan assets at end of year (total assets less liabilities)2020-06-19$0
Net plan assets at beginning of year (total assets less liabilities)2020-06-19$1,727,898
Assets. Value of participant loans2020-06-19$0
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2020-06-19$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-06-19$0
Assets. Value of assets in partnership/joint-venture interests2020-06-19$0
Assets. Value of real-estate (other than employer real property)2020-06-19$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-06-19$0
Assets. Value of employer securities2020-06-19$0
Assets. Value of employer real property2020-06-19$0
Total contributions received or receivable from employer(s)2020-06-19$17,933
Value of certain deemed distributions of participant loans2020-06-19$0
Value of corrective distributions2020-06-19$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-06-19$3,805
2019 : FIRST STATE BANK 401(K) 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$527,562
Expenses. Total of all expenses incurred2019-12-31$264,293
Benefits paid (including direct rollovers)2019-12-31$255,853
Total plan assets at end of year2019-12-31$1,727,898
Total plan assets at beginning of year2019-12-31$1,464,629
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$170,273
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$290,423
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$263,269
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,727,898
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,464,629
Assets. Value of participant loans2019-12-31$58,776
Total contributions received or receivable from employer(s)2019-12-31$66,866
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$3,415
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$5,025
2018 : FIRST STATE BANK 401(K) 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$147,198
Expenses. Total of all expenses incurred2018-12-31$90,745
Benefits paid (including direct rollovers)2018-12-31$85,798
Total plan assets at end of year2018-12-31$1,464,629
Total plan assets at beginning of year2018-12-31$1,408,176
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$172,382
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-97,476
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$56,453
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,464,629
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,408,176
Assets. Value of participant loans2018-12-31$7,227
Total contributions received or receivable from employer(s)2018-12-31$72,292
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,947
2017 : FIRST STATE BANK 401(K) 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$422,426
Expenses. Total of all expenses incurred2017-12-31$198,118
Benefits paid (including direct rollovers)2017-12-31$192,756
Total plan assets at end of year2017-12-31$1,408,176
Total plan assets at beginning of year2017-12-31$1,183,868
Value of fidelity bond covering the plan2017-12-31$3,000,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$152,777
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$201,955
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$224,308
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,408,176
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,183,868
Assets. Value of participant loans2017-12-31$32,079
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$67,694
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$5,362
2016 : FIRST STATE BANK 401(K) 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$336,395
Expenses. Total of all expenses incurred2016-12-31$230,742
Benefits paid (including direct rollovers)2016-12-31$226,374
Total plan assets at end of year2016-12-31$1,183,868
Total plan assets at beginning of year2016-12-31$1,078,215
Value of fidelity bond covering the plan2016-12-31$3,000,000
Total contributions received or receivable from participants2016-12-31$174,130
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$83,768
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$105,653
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,183,868
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,078,215
Assets. Value of participant loans2016-12-31$23,672
Total contributions received or receivable from employer(s)2016-12-31$78,497
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$4,368
2015 : FIRST STATE BANK 401(K) 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$259,883
Expenses. Total of all expenses incurred2015-12-31$202,522
Benefits paid (including direct rollovers)2015-12-31$202,197
Total plan assets at end of year2015-12-31$1,078,215
Total plan assets at beginning of year2015-12-31$1,020,854
Total contributions received or receivable from participants2015-12-31$177,488
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$5,952
Other income received2015-12-31$-3,258
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$57,361
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,078,215
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,020,854
Assets. Value of participant loans2015-12-31$41,573
Total contributions received or receivable from employer(s)2015-12-31$79,701
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$325
2014 : FIRST STATE BANK 401(K) 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$723
Total income from all sources2014-12-31$246,874
Expenses. Total of all expenses incurred2014-12-31$592,732
Benefits paid (including direct rollovers)2014-12-31$592,345
Total plan assets at end of year2014-12-31$1,020,854
Total plan assets at beginning of year2014-12-31$1,367,435
Total contributions received or receivable from participants2014-12-31$151,771
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$33,651
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-345,858
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,020,854
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,366,712
Assets. Value of participant loans2014-12-31$43,774
Total contributions received or receivable from employer(s)2014-12-31$61,452
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$387
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for FIRST STATE BANK 401(K) PLAN

2020: FIRST STATE BANK 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
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 STATE BANK 401(K) 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 STATE BANK 401(K) 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 STATE BANK 401(K) 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: FIRST STATE BANK 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
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 STATE BANK 401(K) 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 – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST STATE BANK 401(K) 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

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberA009965159, ETC
Policy instance 1
Insurance contract or identification numberA009965159, ETC
Number of Individuals Covered0
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMUIRHEAD BENJAMIN MICHAEL
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )
Policy contract numberA009965159, ETC
Policy instance 1
Insurance contract or identification numberA009965159, ETC
Number of Individuals Covered8
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $5
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?Yes
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $5
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMUIRHEAD BENJAMIN MICHAEL

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