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PREMIER BANKS RETIREMENT PLAN 401k Plan overview

Plan NamePREMIER BANKS RETIREMENT PLAN
Plan identification number 001

PREMIER BANKS RETIREMENT 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.
  • 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.

401k Sponsoring company profile

BOARD OF TRUSTEES OF THE PREMIER BANK RETIREMENT FUND has sponsored the creation of one or more 401k plans.

Company Name:BOARD OF TRUSTEES OF THE PREMIER BANK RETIREMENT FUND
Employer identification number (EIN):926241580
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREMIER BANKS RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-12-08

Plan Statistics for PREMIER BANKS RETIREMENT PLAN

401k plan membership statisitcs for PREMIER BANKS RETIREMENT PLAN

Measure Date Value
2022: PREMIER BANKS RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-12-080
Total number of active participants reported on line 7a of the Form 55002022-12-08177
Number of other retired or separated participants entitled to future benefits2022-12-0854
Total of all active and inactive participants2022-12-08231
Total participants2022-12-08231
Number of participants with account balances2022-12-08203

Financial Data on PREMIER BANKS RETIREMENT PLAN

Measure Date Value
2022 : PREMIER BANKS RETIREMENT PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$23,374,115
Total income from all sources2022-12-31$272
Total plan assets at end of year2022-12-31$23,374,387
Value of fidelity bond covering the plan2022-12-31$10,000,000
Other income received2022-12-31$272
Net income (gross income less expenses)2022-12-31$272
Net plan assets at end of year (total assets less liabilities)2022-12-31$23,374,387

Form 5500 Responses for PREMIER BANKS RETIREMENT PLAN

2022: PREMIER BANKS RETIREMENT PLAN 2022 form 5500 responses
2022-12-08Type of plan entityMulitple employer plan
2022-12-08First time form 5500 has been submittedYes
2022-12-08This return/report is a short plan year return/report (less than 12 months)Yes
2022-12-08Plan funding arrangement – TrustYes
2022-12-08Plan benefit arrangement - TrustYes

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