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BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameBUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

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

Company Name:BUCKEYE STATE BANK
Employer identification number (EIN):833699052
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOHN E KIRKSEY2023-05-12 SHAWN KELLER2023-05-12
0012021-01-01JOHN E KIRKSEY CFO2022-04-11 JOHN E KIRKSEY CFO2022-04-11
0012020-01-01JOHN E KIRKSEY2021-05-12
0012019-01-01JOHN KIRKSEY2020-07-02

Plan Statistics for BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0159
Total number of active participants reported on line 7a of the Form 55002022-01-0146
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-0165
Total participants2022-01-0165
Number of participants with account balances2022-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0150
Total number of active participants reported on line 7a of the Form 55002021-01-0137
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0122
Total of all active and inactive participants2021-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0159
Number of participants with account balances2021-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0148
Total number of active participants reported on line 7a of the Form 55002020-01-0133
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0117
Total of all active and inactive participants2020-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0150
Number of participants with account balances2020-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0137
Total number of active participants reported on line 7a of the Form 55002019-01-0130
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0118
Total of all active and inactive participants2019-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0148
Number of participants with account balances2019-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total income from all sources2022-12-31$651,515
Expenses. Total of all expenses incurred2022-12-31$132,583
Benefits paid (including direct rollovers)2022-12-31$130,492
Total plan assets at end of year2022-12-31$2,620,637
Total plan assets at beginning of year2022-12-31$2,101,705
Total contributions received or receivable from participants2022-12-31$151,427
Contributions received from other sources (not participants or employers)2022-12-31$20,169
Other income received2022-12-31$64,582
Net income (gross income less expenses)2022-12-31$518,932
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,620,637
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,101,705
Assets. Value of employer securities2022-12-31$2,167,493
Total contributions received or receivable from employer(s)2022-12-31$415,337
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$2,091
2021 : BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total income from all sources2021-12-31$852,998
Expenses. Total of all expenses incurred2021-12-31$133,062
Benefits paid (including direct rollovers)2021-12-31$130,563
Total plan assets at end of year2021-12-31$2,101,705
Total plan assets at beginning of year2021-12-31$1,381,769
Total contributions received or receivable from participants2021-12-31$138,434
Other income received2021-12-31$328,505
Net income (gross income less expenses)2021-12-31$719,936
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,101,705
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,381,769
Assets. Value of employer securities2021-12-31$1,702,828
Total contributions received or receivable from employer(s)2021-12-31$386,059
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$2,499
2020 : BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total income from all sources2020-12-31$616,573
Expenses. Total of all expenses incurred2020-12-31$161,396
Benefits paid (including direct rollovers)2020-12-31$159,679
Total plan assets at end of year2020-12-31$1,381,769
Total plan assets at beginning of year2020-12-31$926,592
Value of fidelity bond covering the plan2020-12-31$1,500,000
Total contributions received or receivable from participants2020-12-31$110,744
Other income received2020-12-31$119,808
Net income (gross income less expenses)2020-12-31$455,177
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,381,769
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$926,592
Assets. Value of employer securities2020-12-31$1,068,985
Total contributions received or receivable from employer(s)2020-12-31$386,021
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,717
2019 : BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total income from all sources2019-12-31$409,379
Expenses. Total of all expenses incurred2019-12-31$46,798
Benefits paid (including direct rollovers)2019-12-31$45,739
Total plan assets at end of year2019-12-31$926,592
Total plan assets at beginning of year2019-12-31$564,011
Value of fidelity bond covering the plan2019-12-31$1,500,000
Total contributions received or receivable from participants2019-12-31$59,463
Other income received2019-12-31$80,961
Net income (gross income less expenses)2019-12-31$362,581
Net plan assets at end of year (total assets less liabilities)2019-12-31$926,592
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$564,011
Assets. Value of employer securities2019-12-31$695,962
Total contributions received or receivable from employer(s)2019-12-31$268,955
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$1,059

Form 5500 Responses for BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

2022: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BUCKEYE STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number658881
Policy instance 1
Insurance contract or identification number658881
Number of Individuals Covered45
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $380
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $380
Additional information about fees paid to insurance brokerDISTRIBUTION PARTNERS, LLC
Insurance broker organization code?0
AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number658881
Policy instance 1
Insurance contract or identification number658881
Number of Individuals Covered59
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $348
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $348
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?0
AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number658881
Policy instance 1
Insurance contract or identification number658881
Number of Individuals Covered50
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $228
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $228
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?0
AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract number658881
Policy instance 1
Insurance contract or identification number658881
Number of Individuals Covered48
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $190
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $190
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?0

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