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FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameFIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FIRST STATE BANK OF NEWCASTLE
Employer identification number (EIN):830117960
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01DARWIN RABENBERG2018-07-09
0022016-01-01DARWIN RABENBERG2017-03-01
0022015-01-01DARWIN RABENBERG2016-07-21
0022014-01-01DARWIN RABENBERG2015-02-10
0022013-01-01DARWIN RABENBERG2014-04-07
0022012-01-01LOUISE STITH2013-05-22
0022011-01-01LEONARD NACK
0022009-01-01LEONARD NACK LEONARD NACK2010-07-23

Plan Statistics for FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-01-1821
Total number of particpants at end of year2024-01-180
Number of Participants With Account Balances2024-01-180
2022: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2022 401k membership
Total number of particpants at beginning of year2022-03-2424
Total number of particpants at end of year2022-03-2423
Number of Participants With Account Balances2022-03-2422
2011: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-0126
Total number of active participants reported on line 7a of the Form 55002011-01-0122
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0122
Number of participants with account balances2011-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0120
Total number of active participants reported on line 7a of the Form 55002009-01-0122
Number of retired or separated participants receiving benefits2009-01-010
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
Number of participants with account balances2009-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2024 : FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-01-18-990674
Total expenses incurred by plan in this plan year2024-01-1890407
Net assets as of the end of the plan year2024-01-180
Total assets as of the beginning of the plan year2024-01-181007986
Value of plan covered by a fidelity bond2024-01-18125000
Participant contributions to plan in this plan year2024-01-1813343
Other income to plan in this plan year2024-01-1857402
Plan net income in this plan year2024-01-18-17312
Net assets as of the end of the plan year2024-01-180
Net assets as of the beginning of the plan year2024-01-181007986
Employer contributions to plan in this plan year2024-01-182350
Expensese paid to adminstrative service provicers from plan in this plan year2024-01-18601
2022 : FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-2422015
Net assets as of the end of the plan year2022-03-241193836
Total assets as of the beginning of the plan year2022-03-24991019
Value of plan covered by a fidelity bond2022-03-24125000
Participant contributions to plan in this plan year2022-03-2462320
Other income to plan in this plan year2022-03-24150843
Plan net income in this plan year2022-03-24202817
Net assets as of the end of the plan year2022-03-241193836
Net assets as of the beginning of the plan year2022-03-24991019
Employer contributions to plan in this plan year2022-03-2411669
Fees paid to broker by Benefit Provider2022-03-24650
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-24527
2011 : FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total income from all sources2011-12-31$16,176
Expenses. Total of all expenses incurred2011-12-31$54,754
Benefits paid (including direct rollovers)2011-12-31$54,754
Total plan assets at end of year2011-12-31$386,677
Total plan assets at beginning of year2011-12-31$425,255
Value of fidelity bond covering the plan2011-12-31$75,000
Total contributions received or receivable from participants2011-12-31$14,196
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$27
Other income received2011-12-31$-21,230
Net income (gross income less expenses)2011-12-31$-38,578
Net plan assets at end of year (total assets less liabilities)2011-12-31$386,677
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$425,255
Assets. Value of participant loans2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$23,183
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
2010 : FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$84,587
Expenses. Total of all expenses incurred2010-12-31$242,032
Benefits paid (including direct rollovers)2010-12-31$242,032
Total plan assets at end of year2010-12-31$425,255
Total plan assets at beginning of year2010-12-31$582,700
Value of fidelity bond covering the plan2010-12-31$75,000
Total contributions received or receivable from participants2010-12-31$35,870
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$47,815
Net income (gross income less expenses)2010-12-31$-157,445
Net plan assets at end of year (total assets less liabilities)2010-12-31$425,255
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$582,700
Assets. Value of participant loans2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$902
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST

2011: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2009: FIRST STATE BANK OF NEWCASTLE 401(K) PROFIT SHARING PLAN & TRUST 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-808236
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-808236
Policy instance 1

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