MASHREQ BANK PSC has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2025: THE MASHREQ BANK 401(K) PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-04-29 | 73 |
| Total number of particpants at end of year | 2025-04-29 | 73 |
| Number of Participants With Account Balances | 2025-04-29 | 69 |
| 2024: THE MASHREQ BANK 401(K) PLAN 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-04-25 | 68 |
| Total number of particpants at end of year | 2024-04-25 | 74 |
| Number of Participants With Account Balances | 2024-04-25 | 63 |
| 2022: THE MASHREQ BANK 401(K) PLAN 2022 401k membership |
|---|
| Total number of particpants at beginning of year | 2022-05-10 | 63 |
| Total number of particpants at end of year | 2022-05-10 | 64 |
| Number of Participants With Account Balances | 2022-05-10 | 57 |
| 2009: THE MASHREQ BANK 401(K) PLAN 2009 401k membership |
|---|
| Total participants, beginning-of-year | 2009-01-01 | 24 |
| Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 17 |
| Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 7 |
| Total of all active and inactive participants | 2009-01-01 | 24 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
| Total participants | 2009-01-01 | 24 |
| Number of participants with account balances | 2009-01-01 | 22 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 1 |
| Measure | Date | Value |
|---|
| 2025 : THE MASHREQ BANK 401(K) PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-04-29 | 0 |
| Total liabilities as of the end of the plan year | 2025-04-29 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-04-29 | 0 |
| Total expenses incurred by plan in this plan year | 2025-04-29 | 109202 |
| Net assets as of the end of the plan year | 2025-04-29 | 11398013 |
| Total assets as of the beginning of the plan year | 2025-04-29 | 8628530 |
| Value of plan covered by a fidelity bond | 2025-04-29 | 500000 |
| Participant contributions to plan in this plan year | 2025-04-29 | 943828 |
| Value of participant loans at end of plan year | 2025-04-29 | 341413 |
| Other expenses paid from plan in this plan year | 2025-04-29 | 0 |
| Other contributions to plan in this plan year | 2025-04-29 | 0 |
| Other income to plan in this plan year | 2025-04-29 | 1366538 |
| Plan net income in this plan year | 2025-04-29 | 2769482 |
| Net assets as of the end of the plan year | 2025-04-29 | 11398013 |
| Net assets as of the beginning of the plan year | 2025-04-29 | 8628530 |
| Employer contributions to plan in this plan year | 2025-04-29 | 568318 |
| Fees paid to broker by Benefit Provider | 2025-04-29 | 91817 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-04-29 | 2025 |
| 2024 : THE MASHREQ BANK 401(K) PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-04-25 | 0 |
| Total liabilities as of the end of the plan year | 2024-04-25 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-04-25 | 0 |
| Total expenses incurred by plan in this plan year | 2024-04-25 | 126443 |
| Net assets as of the end of the plan year | 2024-04-25 | 8628530 |
| Total assets as of the beginning of the plan year | 2024-04-25 | 6390926 |
| Value of plan covered by a fidelity bond | 2024-04-25 | 500000 |
| Participant contributions to plan in this plan year | 2024-04-25 | 810107 |
| Value of participant loans at end of plan year | 2024-04-25 | 166331 |
| Other expenses paid from plan in this plan year | 2024-04-25 | 0 |
| Other contributions to plan in this plan year | 2024-04-25 | 0 |
| Other income to plan in this plan year | 2024-04-25 | 1112242 |
| Plan net income in this plan year | 2024-04-25 | 2237604 |
| Net assets as of the end of the plan year | 2024-04-25 | 8628530 |
| Net assets as of the beginning of the plan year | 2024-04-25 | 6390926 |
| Employer contributions to plan in this plan year | 2024-04-25 | 441698 |
| Fees paid to broker by Benefit Provider | 2024-04-25 | 67082 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-04-25 | 950 |
| 2022 : THE MASHREQ BANK 401(K) PLAN 2022 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2022-05-10 | 0 |
| Total liabilities as of the end of the plan year | 2022-05-10 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-05-10 | 0 |
| Total expenses incurred by plan in this plan year | 2022-05-10 | 417246 |
| Net assets as of the end of the plan year | 2022-05-10 | 6894325 |
| Total assets as of the beginning of the plan year | 2022-05-10 | 5739280 |
| Value of plan covered by a fidelity bond | 2022-05-10 | 500000 |
| Participant contributions to plan in this plan year | 2022-05-10 | 555074 |
| Value of participant loans at end of plan year | 2022-05-10 | 230548 |
| Other expenses paid from plan in this plan year | 2022-05-10 | 0 |
| Other contributions to plan in this plan year | 2022-05-10 | 13754 |
| Other income to plan in this plan year | 2022-05-10 | 831454 |
| Plan net income in this plan year | 2022-05-10 | 1155045 |
| Net assets as of the end of the plan year | 2022-05-10 | 6894325 |
| Net assets as of the beginning of the plan year | 2022-05-10 | 5739280 |
| Employer contributions to plan in this plan year | 2022-05-10 | 172009 |
| Fees paid to broker by Benefit Provider | 2022-05-10 | 57214 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-05-10 | 1300 |
| 2010 : THE MASHREQ BANK 401(K) PLAN 2010 401k financial data |
|---|
| Total income from all sources | 2010-12-31 | $227,202 |
| Expenses. Total of all expenses incurred | 2010-12-31 | $114,466 |
| Benefits paid (including direct rollovers) | 2010-12-31 | $114,166 |
| Total plan assets at end of year | 2010-12-31 | $999,362 |
| Total plan assets at beginning of year | 2010-12-31 | $886,626 |
| Value of fidelity bond covering the plan | 2010-12-31 | $95,000 |
| Total contributions received or receivable from participants | 2010-12-31 | $93,196 |
| Contributions received from other sources (not participants or employers) | 2010-12-31 | $0 |
| Other income received | 2010-12-31 | $96,867 |
| Net income (gross income less expenses) | 2010-12-31 | $112,736 |
| Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $999,362 |
| Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $886,626 |
| Assets. Value of participant loans | 2010-12-31 | $36,802 |
| Total contributions received or receivable from employer(s) | 2010-12-31 | $37,139 |
| Value of certain deemed distributions of participant loans | 2010-12-31 | $0 |
| Value of corrective distributions | 2010-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2010-12-31 | $300 |
