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SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan NameSOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number 002

SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

SOUTH SOUND BANK has sponsored the creation of one or more 401k plans.

Company Name:SOUTH SOUND BANK
Employer identification number (EIN):911963879
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about SOUTH SOUND BANK

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 1999-11-02
Company Identification Number: 601990416

More information about SOUTH SOUND BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01STEVE HANSON
0022013-01-01STEVE HANSON
0022012-01-01STEVE HANSON
0022011-01-01STEVEN HANSON STEVEN HANSON2012-06-12
0022009-01-01STEVEN HANSON STEVEN HANSON2010-05-19

Financial Data on SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2018 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2018 401k financial data
Total income from all sources2018-12-31$79,699
Expenses. Total of all expenses incurred2018-12-31$2,016,451
Benefits paid (including direct rollovers)2018-12-31$2,016,419
Total plan assets at end of year2018-12-31$0
Total plan assets at beginning of year2018-12-31$1,936,752
Value of fidelity bond covering the plan2018-12-31$6,000,000
Total contributions received or receivable from participants2018-12-31$0
Other income received2018-12-31$79,699
Net income (gross income less expenses)2018-12-31$-1,936,752
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,936,752
Total contributions received or receivable from employer(s)2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$32
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2017 401k financial data
Total income from all sources2017-12-31$45,898
Expenses. Total of all expenses incurred2017-12-31$101,746
Benefits paid (including direct rollovers)2017-12-31$101,746
Total plan assets at end of year2017-12-31$1,936,752
Total plan assets at beginning of year2017-12-31$1,992,600
Value of fidelity bond covering the plan2017-12-31$6,000,000
Other income received2017-12-31$-19,102
Net income (gross income less expenses)2017-12-31$-55,848
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,936,752
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,992,600
Assets. Value of employer securities2017-12-31$1,877,109
Total contributions received or receivable from employer(s)2017-12-31$65,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 401k financial data
Total plan liabilities at beginning of year2016-12-31$423,746
Total income from all sources2016-12-31$211,319
Expenses. Total of all expenses incurred2016-12-31$121,900
Benefits paid (including direct rollovers)2016-12-31$118,292
Total plan assets at end of year2016-12-31$1,992,600
Total plan assets at beginning of year2016-12-31$2,326,927
Value of fidelity bond covering the plan2016-12-31$6,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$3,608
Other income received2016-12-31$11,319
Net income (gross income less expenses)2016-12-31$89,419
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,992,600
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,903,181
Assets. Value of employer securities2016-12-31$1,982,647
Total contributions received or receivable from employer(s)2016-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2015 401k financial data
Total plan liabilities at end of year2015-12-31$423,746
Total plan liabilities at beginning of year2015-12-31$358,815
Total income from all sources2015-12-31$370,050
Expenses. Total of all expenses incurred2015-12-31$200,643
Benefits paid (including direct rollovers)2015-12-31$190,569
Total plan assets at end of year2015-12-31$2,326,927
Total plan assets at beginning of year2015-12-31$2,092,589
Value of fidelity bond covering the plan2015-12-31$6,000,000
Other income received2015-12-31$170,050
Net income (gross income less expenses)2015-12-31$169,407
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,903,181
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,733,774
Assets. Value of employer securities2015-12-31$2,274,528
Total contributions received or receivable from employer(s)2015-12-31$200,000
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$10,074
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2014 401k financial data
Total plan liabilities at end of year2014-12-31$358,815
Total plan liabilities at beginning of year2014-12-31$428,854
Total income from all sources2014-12-31$537,066
Expenses. Total of all expenses incurred2014-12-31$20,215
Benefits paid (including direct rollovers)2014-12-31$3,410
Total plan assets at end of year2014-12-31$2,092,589
Total plan assets at beginning of year2014-12-31$1,645,777
Value of fidelity bond covering the plan2014-12-31$6,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$16,805
Other income received2014-12-31$337,066
Net income (gross income less expenses)2014-12-31$516,851
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,733,774
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$1,216,923
Assets. Value of employer securities2014-12-31$2,075,849
Total contributions received or receivable from employer(s)2014-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2013 401k financial data
Total plan liabilities at end of year2013-12-31$428,854
Total plan liabilities at beginning of year2013-12-31$426,274
Total income from all sources2013-12-31$219,774
Expenses. Total of all expenses incurred2013-12-31$19,299
Total plan assets at end of year2013-12-31$1,645,777
Total plan assets at beginning of year2013-12-31$1,442,722
Value of fidelity bond covering the plan2013-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2013-12-31$19,299
Other income received2013-12-31$19,774
Net income (gross income less expenses)2013-12-31$200,475
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,216,923
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,016,448
Assets. Value of employer securities2013-12-31$1,644,418
Total contributions received or receivable from employer(s)2013-12-31$200,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2012 401k financial data
Total plan liabilities at end of year2012-12-31$426,274
Total plan liabilities at beginning of year2012-12-31$489,311
Total income from all sources2012-12-31$174,557
Expenses. Total of all expenses incurred2012-12-31$31,201
Benefits paid (including direct rollovers)2012-12-31$9,915
Total plan assets at end of year2012-12-31$1,442,722
Total plan assets at beginning of year2012-12-31$1,362,403
Value of fidelity bond covering the plan2012-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2012-12-31$21,286
Other income received2012-12-31$-78,776
Net income (gross income less expenses)2012-12-31$143,356
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,016,448
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$873,092
Assets. Value of employer securities2012-12-31$1,436,497
Total contributions received or receivable from employer(s)2012-12-31$253,333
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2011 401k financial data
Total plan liabilities at end of year2011-12-31$489,311
Total plan liabilities at beginning of year2011-12-31$424,311
Total income from all sources2011-12-31$133,269
Expenses. Total of all expenses incurred2011-12-31$75,934
Benefits paid (including direct rollovers)2011-12-31$57,049
Total plan assets at end of year2011-12-31$1,362,403
Total plan assets at beginning of year2011-12-31$1,240,068
Value of fidelity bond covering the plan2011-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2011-12-31$18,885
Other income received2011-12-31$-246,731
Net income (gross income less expenses)2011-12-31$57,335
Net plan assets at end of year (total assets less liabilities)2011-12-31$873,092
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$815,757
Assets. Value of employer securities2011-12-31$1,338,093
Total contributions received or receivable from employer(s)2011-12-31$380,000
2010 : SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-31$424,311
Total plan liabilities at beginning of year2010-12-31$500,000
Total income from all sources2010-12-31$291,522
Expenses. Total of all expenses incurred2010-12-31$30,264
Benefits paid (including direct rollovers)2010-12-31$5,116
Total plan assets at end of year2010-12-31$1,240,068
Total plan assets at beginning of year2010-12-31$1,054,499
Value of fidelity bond covering the plan2010-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$25,148
Other income received2010-12-31$51,522
Net income (gross income less expenses)2010-12-31$261,258
Net plan assets at end of year (total assets less liabilities)2010-12-31$815,757
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$554,499
Assets. Value of employer securities2010-12-31$1,238,076
Total contributions received or receivable from employer(s)2010-12-31$240,000

Form 5500 Responses for SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2018: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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 filingYes
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: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
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: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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
2013: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SOUTH SOUND BANK EMPLOYEE STOCK OWNERSHIP PLAN AND 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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