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PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NamePYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:PYRAMAX BANK FSB
Employer identification number (EIN):390624390
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01

Plan Statistics for PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0182
Total number of active participants reported on line 7a of the Form 55002022-01-0175
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-016
Total of all active and inactive participants2022-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0182
Number of participants with account balances2022-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0190
Total number of active participants reported on line 7a of the Form 55002021-01-0175
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-013
Total of all active and inactive participants2021-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0178
Number of participants with account balances2021-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0195
Total number of active participants reported on line 7a of the Form 55002020-01-0181
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0182
Number of participants with account balances2020-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0111
2019: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0187
Total number of active participants reported on line 7a of the Form 55002019-01-0183
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-0189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0189
Number of participants with account balances2019-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016

Financial Data on PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$4,476,946
Total plan liabilities at beginning of year2022-12-31$3,550,671
Total income from all sources2022-12-31$-1,288,593
Expenses. Total of all expenses incurred2022-12-31$158,388
Benefits paid (including direct rollovers)2022-12-31$14,693
Total plan assets at end of year2022-12-31$5,096,927
Total plan assets at beginning of year2022-12-31$5,617,633
Value of fidelity bond covering the plan2022-12-31$3,000,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$143,695
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,567,979
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,446,981
Net plan assets at end of year (total assets less liabilities)2022-12-31$619,981
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,066,962
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 year2022-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$5,096,927
Total contributions received or receivable from employer(s)2022-12-31$279,386
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$3,550,671
Total plan liabilities at beginning of year2021-12-31$1,679,086
Total income from all sources2021-12-31$2,105,033
Expenses. Total of all expenses incurred2021-12-31$101,781
Benefits paid (including direct rollovers)2021-12-31$27,563
Total plan assets at end of year2021-12-31$5,617,633
Total plan assets at beginning of year2021-12-31$1,742,796
Value of fidelity bond covering the plan2021-12-31$3,000,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$74,218
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$1,860,535
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$2,003,252
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,066,962
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$63,710
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 year2021-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$4,557,701
Total contributions received or receivable from employer(s)2021-12-31$244,498
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$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 securities2021-12-31$2,459
2020 : PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$1,679,086
Total plan liabilities at beginning of year2020-12-31$1,718,999
Total income from all sources2020-12-31$-23,059
Expenses. Total of all expenses incurred2020-12-31$86,424
Benefits paid (including direct rollovers)2020-12-31$4,772
Total plan assets at end of year2020-12-31$1,742,796
Total plan assets at beginning of year2020-12-31$1,892,192
Value of fidelity bond covering the plan2020-12-31$3,000,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$81,652
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-144,624
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-109,483
Net plan assets at end of year (total assets less liabilities)2020-12-31$63,710
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$173,193
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 year2020-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2020-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022020-12-31$0
Assets. Value of employer securities2020-12-31$1,742,796
Total contributions received or receivable from employer(s)2020-12-31$121,565
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$1,718,999
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$267,617
Expenses. Total of all expenses incurred2019-12-31$94,424
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$1,892,192
Total plan assets at beginning of year2019-12-31$0
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$94,424
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$136,912
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$173,193
Net plan assets at end of year (total assets less liabilities)2019-12-31$173,193
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
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 year2019-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2019-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$0
Assets. Value of employer securities2019-12-31$1,892,192
Total contributions received or receivable from employer(s)2019-12-31$130,705
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0

Form 5500 Responses for PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN

2022: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PYRAMAX BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01First time form 5500 has been submittedYes
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

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