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THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTHE BANK OF BURLINGTON 401(K) RETIREMENT PLAN
Plan identification number 001

THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

THE BANK OF BURLINGTON has sponsored the creation of one or more 401k plans.

Company Name:THE BANK OF BURLINGTON
Employer identification number (EIN):840012220
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about THE BANK OF BURLINGTON

Jurisdiction of Incorporation: Colorado Department of State
Incorporation Date: 1931-11-24
Company Identification Number: 19871266477
Legal Registered Office Address: 410 14TH ST

BURLINGTON
United States of America (USA)
80807

More information about THE BANK OF BURLINGTON

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01PAMELA D MCDANIEL2023-09-19
0012021-01-01DALENE PARSONS2022-08-29
0012020-01-01DALENE PARSONS2021-05-14
0012019-01-01DALENE PARSONS2020-06-23
0012018-01-01CAROL ZIMBELMAN2019-05-15
0012017-01-01CAROL ZIMBELMAN2018-05-08
0012016-01-01CAROL ZIMBELMAN2017-05-02
0012015-01-01JERRY GROSS2016-06-02
0012014-01-01
0012013-01-01
0012012-01-01JERRY L. GROSS2013-04-01 JERRY L. GROSS2013-04-01
0012011-01-01JERRY L. GROSS2012-06-12 JERRY L. GROSS2012-06-12
0012010-01-01JERRY L. GROSS2011-09-18 JERRY L. GROSS2011-09-18

Financial Data on THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN

Measure Date Value
2025 : THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-01-489673
Total liabilities as of the end of the plan year2025-08-010
Total liabilities as of the beginning of the plan year2025-08-010
Total expenses incurred by plan in this plan year2025-08-01289916
Total assets as of the beginning of the plan year2025-08-01692980
Value of plan covered by a fidelity bond2025-08-012050000
Participant contributions to plan in this plan year2025-08-010
Other contributions to plan in this plan year2025-08-01478
Other income to plan in this plan year2025-08-0186131
Plan net income in this plan year2025-08-01-203307
Net assets as of the end of the plan year2025-08-010
Net assets as of the beginning of the plan year2025-08-01692980
Employer contributions to plan in this plan year2025-08-010
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-018468
2022 : THE BANK OF BURLINGTON 401(K) RETIREMENT PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-08-290
Total expenses incurred by plan in this plan year2022-08-29180482
Net assets as of the end of the plan year2022-08-291030235
Total assets as of the beginning of the plan year2022-08-29969419
Value of plan covered by a fidelity bond2022-08-292050000
Participant contributions to plan in this plan year2022-08-29105937
Other contributions to plan in this plan year2022-08-293060
Other income to plan in this plan year2022-08-29102589
Plan net income in this plan year2022-08-2960816
Net assets as of the end of the plan year2022-08-291030235
Net assets as of the beginning of the plan year2022-08-29969419
Employer contributions to plan in this plan year2022-08-2929712
Fees paid to broker by Benefit Provider2022-08-292396
Expensese paid to adminstrative service provicers from plan in this plan year2022-08-29100

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