401k Plan data: GENERATIONS BANK 401(K) PLAN plan

GENERATIONS BANK 401(K) PLAN 401k Plan overview

Plan Name	GENERATIONS BANK 401(K) PLAN
Plan identification number	004

GENERATIONS BANK 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: GENERATIONS BANK

Employer identification number (EIN): 150443420

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GENERATIONS BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2024-01-01 ANGELA KREZMER
004 2023-01-01
004 2023-01-01 ANGELA KREZMER
004 2022-01-01
004 2022-01-01 ANGELA KREZMER
004 2021-01-01
004 2021-01-01 LORI PARISH
004 2020-01-01
004 2019-01-01
004 2018-01-01
004 2017-01-01
004 2016-01-01
004 2015-01-01
004 2014-01-01 BONNIE MORLANG
004 2013-01-01 BONNIE MORLANG
004 2012-01-01 BONNIE MORLANG
004 2011-01-01 BONNIE MORLANG
004 2009-01-01 BONNIE MORLANG BONNIE MORLANG 2010-06-22

Plan Statistics for GENERATIONS BANK 401(K) PLAN

401k plan membership statisitcs for GENERATIONS BANK 401(K) PLAN

Measure Date Value
2023: GENERATIONS BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 77
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 13
Total of all active and inactive participants 2023-01-01 90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 1
Total participants 2023-01-01 91
Number of participants with account balances 2023-01-01 82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 7
2022: GENERATIONS BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 118
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 75
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 17
Total of all active and inactive participants 2022-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 92
Number of participants with account balances 2022-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 10
2021: GENERATIONS BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 119
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 82
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 37
Total of all active and inactive participants 2021-01-01 119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 119
Number of participants with account balances 2021-01-01 108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 8
2014: GENERATIONS BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 81
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 89
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 16
Total of all active and inactive participants 2014-01-01 105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 105
Number of participants with account balances 2014-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: GENERATIONS BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 70
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 71
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 8
Total of all active and inactive participants 2013-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 81
Number of participants with account balances 2013-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: GENERATIONS BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 72
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 64
Number of retired or separated participants receiving benefits 2012-01-01 1
Number of other retired or separated participants entitled to future benefits 2012-01-01 5
Total of all active and inactive participants 2012-01-01 70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 70
Number of participants with account balances 2012-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: GENERATIONS BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 65
Number of retired or separated participants receiving benefits 2011-01-01 2
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 72
Number of participants with account balances 2011-01-01 62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2009: GENERATIONS BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 48
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 53
Number of participants with account balances 2009-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2023: GENERATIONS BANK 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	77
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	13
Total of all active and inactive participants	2023-01-01	90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	1
Total participants	2023-01-01	91
Number of participants with account balances	2023-01-01	82
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	7
2022: GENERATIONS BANK 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	118
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	75
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	17
Total of all active and inactive participants	2022-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	92
Number of participants with account balances	2022-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	10
2021: GENERATIONS BANK 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	119
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	82
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	37
Total of all active and inactive participants	2021-01-01	119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	119
Number of participants with account balances	2021-01-01	108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	8
2014: GENERATIONS BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	81
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	89
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	16
Total of all active and inactive participants	2014-01-01	105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	105
Number of participants with account balances	2014-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: GENERATIONS BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	70
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	71
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	8
Total of all active and inactive participants	2013-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	81
Number of participants with account balances	2013-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: GENERATIONS BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	72
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	64
Number of retired or separated participants receiving benefits	2012-01-01	1
Number of other retired or separated participants entitled to future benefits	2012-01-01	5
Total of all active and inactive participants	2012-01-01	70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	70
Number of participants with account balances	2012-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: GENERATIONS BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	65
Number of retired or separated participants receiving benefits	2011-01-01	2
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	72
Number of participants with account balances	2011-01-01	62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2009: GENERATIONS BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	48
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	53
Number of participants with account balances	2009-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on GENERATIONS BANK 401(K) PLAN

Measure	Date	Value
2023 : GENERATIONS BANK 401(K) PLAN 2023 401k financial data
Transfers to/from the plan	2023-12-31	$0
Total plan liabilities at end of year	2023-12-31	$0
Total plan liabilities at beginning of year	2023-12-31	$0
Total income from all sources	2023-12-31	$652,711
Expenses. Total of all expenses incurred	2023-12-31	$452,001
Benefits paid (including direct rollovers)	2023-12-31	$436,397
Total plan assets at end of year	2023-12-31	$3,212,213
Total plan assets at beginning of year	2023-12-31	$3,011,503
Value of fidelity bond covering the plan	2023-12-31	$1,000,000
Total contributions received or receivable from participants	2023-12-31	$273,100
Expenses. Other expenses not covered elsewhere	2023-12-31	$0
Contributions received from other sources (not participants or employers)	2023-12-31	$16,864
Other income received	2023-12-31	$304,223
Noncash contributions received	2023-12-31	$0
Net income (gross income less expenses)	2023-12-31	$200,710
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$3,212,213
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$3,011,503
Assets. Value of participant loans	2023-12-31	$4,267
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2023-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2023-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2023-12-31	$0
Assets. Value of employer securities	2023-12-31	$896,795
Total contributions received or receivable from employer(s)	2023-12-31	$58,524
Value of certain deemed distributions of participant loans	2023-12-31	$0
Value of corrective distributions	2023-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$15,604
2022 : GENERATIONS BANK 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-251,500
Expenses. Total of all expenses incurred	2022-12-31	$491,953
Benefits paid (including direct rollovers)	2022-12-31	$466,459
Total plan assets at end of year	2022-12-31	$3,011,503
Total plan assets at beginning of year	2022-12-31	$3,754,956
Value of fidelity bond covering the plan	2022-12-31	$1,000,000
Total contributions received or receivable from participants	2022-12-31	$256,314
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-565,416
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-743,453
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,011,503
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,754,956
Assets. Value of participant loans	2022-12-31	$16,712
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2022-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2022-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$2,516
Assets. Value of employer securities	2022-12-31	$888,866
Total contributions received or receivable from employer(s)	2022-12-31	$57,602
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$25,494
2021 : GENERATIONS BANK 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$670,020
Expenses. Total of all expenses incurred	2021-12-31	$130,806
Benefits paid (including direct rollovers)	2021-12-31	$130,806
Total plan assets at end of year	2021-12-31	$3,754,956
Total plan assets at beginning of year	2021-12-31	$3,215,742
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$237,018
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$375,561
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$539,214
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,754,956
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,215,742
Assets. Value of participant loans	2021-12-31	$65,975
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2021-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2021-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$1,214
Assets. Value of employer securities	2021-12-31	$880,948
Total contributions received or receivable from employer(s)	2021-12-31	$57,441
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2014 : GENERATIONS BANK 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$466,863
Expenses. Total of all expenses incurred	2014-12-31	$177,267
Benefits paid (including direct rollovers)	2014-12-31	$172,279
Total plan assets at end of year	2014-12-31	$2,719,079
Total plan assets at beginning of year	2014-12-31	$2,429,483
Value of fidelity bond covering the plan	2014-12-31	$1,500,000
Total contributions received or receivable from participants	2014-12-31	$166,313
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$58,161
Other income received	2014-12-31	$202,324
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$289,596
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,719,079
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,429,483
Assets. Value of participant loans	2014-12-31	$118,059
Assets. Value of employer securities	2014-12-31	$722,942
Total contributions received or receivable from employer(s)	2014-12-31	$40,065
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$4,988
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : GENERATIONS BANK 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$617,583
Expenses. Total of all expenses incurred	2013-12-31	$19,957
Benefits paid (including direct rollovers)	2013-12-31	$16,138
Total plan assets at end of year	2013-12-31	$2,429,483
Total plan assets at beginning of year	2013-12-31	$1,831,857
Value of fidelity bond covering the plan	2013-12-31	$1,500,000
Total contributions received or receivable from participants	2013-12-31	$150,172
Expenses. Other expenses not covered elsewhere	2013-12-31	$1,840
Other income received	2013-12-31	$429,961
Net income (gross income less expenses)	2013-12-31	$597,626
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,429,483
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,831,857
Assets. Value of participant loans	2013-12-31	$99,054
Assets. Value of employer securities	2013-12-31	$751,048
Total contributions received or receivable from employer(s)	2013-12-31	$37,450
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$1,979
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : GENERATIONS BANK 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$489,395
Expenses. Total of all expenses incurred	2012-12-31	$170,699
Benefits paid (including direct rollovers)	2012-12-31	$167,985
Total plan assets at end of year	2012-12-31	$1,831,857
Total plan assets at beginning of year	2012-12-31	$1,513,161
Value of fidelity bond covering the plan	2012-12-31	$1,500,000
Total contributions received or receivable from participants	2012-12-31	$143,763
Expenses. Other expenses not covered elsewhere	2012-12-31	$1,160
Other income received	2012-12-31	$309,690
Net income (gross income less expenses)	2012-12-31	$318,696
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,831,857
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,513,161
Assets. Value of participant loans	2012-12-31	$67,930
Assets. Value of employer securities	2012-12-31	$685,127
Total contributions received or receivable from employer(s)	2012-12-31	$35,942
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$1,554
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : GENERATIONS BANK 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$167,132
Expenses. Total of all expenses incurred	2011-12-31	$37,654
Benefits paid (including direct rollovers)	2011-12-31	$34,785
Total plan assets at end of year	2011-12-31	$1,513,161
Total plan assets at beginning of year	2011-12-31	$1,383,683
Value of fidelity bond covering the plan	2011-12-31	$150,000,000
Total contributions received or receivable from participants	2011-12-31	$136,563
Expenses. Other expenses not covered elsewhere	2011-12-31	$1,440
Contributions received from other sources (not participants or employers)	2011-12-31	$39,121
Other income received	2011-12-31	$-41,795
Net income (gross income less expenses)	2011-12-31	$129,478
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,513,161
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,383,683
Assets. Value of participant loans	2011-12-31	$67,146
Assets. Value of employer securities	2011-12-31	$453,374
Total contributions received or receivable from employer(s)	2011-12-31	$33,243
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$1,429
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : GENERATIONS BANK 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$348,668
Expenses. Total of all expenses incurred	2010-12-31	$5,071
Benefits paid (including direct rollovers)	2010-12-31	$2,863
Total plan assets at end of year	2010-12-31	$1,383,683
Total plan assets at beginning of year	2010-12-31	$1,040,086
Value of fidelity bond covering the plan	2010-12-31	$1,500,000
Total contributions received or receivable from participants	2010-12-31	$122,963
Expenses. Other expenses not covered elsewhere	2010-12-31	$1,080
Other income received	2010-12-31	$196,339
Net income (gross income less expenses)	2010-12-31	$343,597
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,383,683
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,040,086
Assets. Value of participant loans	2010-12-31	$55,225
Assets. Value of employer securities	2010-12-31	$386,804
Total contributions received or receivable from employer(s)	2010-12-31	$29,366
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$1,128
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : GENERATIONS BANK 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for GENERATIONS BANK 401(K) PLAN

2023: GENERATIONS BANK 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: GENERATIONS BANK 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: GENERATIONS BANK 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2014: GENERATIONS BANK 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: GENERATIONS BANK 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: GENERATIONS BANK 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: GENERATIONS BANK 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: GENERATIONS BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

822407

Policy instance

Insurance contract or identification number	822407
Number of Individuals Covered	91
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

467968

Policy instance

Insurance contract or identification number	467968
Number of Individuals Covered	91
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

822407

Policy instance

Insurance contract or identification number	822407
Number of Individuals Covered	92
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

467968

Policy instance

Insurance contract or identification number	467968
Number of Individuals Covered	92
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

822407

Policy instance

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

467968

Policy instance

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Company Name:	GENERATIONS BANK
Employer identification number (EIN):	150443420
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
004	2024-01-01	ANGELA KREZMER
004	2023-01-01
004	2023-01-01	ANGELA KREZMER
004	2022-01-01
004	2022-01-01	ANGELA KREZMER
004	2021-01-01
004	2021-01-01	LORI PARISH
004	2020-01-01
004	2019-01-01
004	2018-01-01
004	2017-01-01
004	2016-01-01
004	2015-01-01
004	2014-01-01	BONNIE MORLANG
004	2013-01-01	BONNIE MORLANG
004	2012-01-01	BONNIE MORLANG
004	2011-01-01	BONNIE MORLANG
004	2009-01-01	BONNIE MORLANG	BONNIE MORLANG	2010-06-22