401k Plan data: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN plan

MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 401k Plan overview

Plan Name	MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN
Plan identification number	002

MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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.
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

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

Company Name: NICOLET NATIONAL BANK

Employer identification number (EIN): 391990426

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-07-01 MICHELE M. MCKINNON, J.D. 2023-07-28
002 2021-10-01 MICHELE M. MCKINNON, J.D. 2023-04-12
002 2013-01-01 KATE LOMBARDI MIKE DANIELS 2013-11-22

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-07-01	MICHELE M. MCKINNON, J.D.	2023-07-28
002	2021-10-01	MICHELE M. MCKINNON, J.D.	2023-04-12
002	2013-01-01	KATE LOMBARDI		MIKE DANIELS	2013-11-22

Plan Statistics for MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN

401k plan membership statisitcs for MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2022: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2022 401k membership
Market value of plan assets 2022-06-30 3,472,821
Acturial value of plan assets 2022-06-30 3,472,821
Funding target for retired participants and beneficiaries receiving payment 2022-06-30 859,778
Number of terminated vested participants 2022-06-30 34
Fundng target for terminated vested participants 2022-06-30 1,210,275
Active participant vested funding target 2022-06-30 887,400
Number of active participants 2022-06-30 17
Total funding liabilities for active participants 2022-06-30 887,400
Total participant count 2022-06-30 76
Total funding target for all participants 2022-06-30 2,957,453
Balance at beginning of prior year after applicable adjustments 2022-06-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-06-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-06-30 0
Prefunding balanced used to offset prior years funding requirement 2022-06-30 0
Amount remaining of carryover balance 2022-06-30 0
Amount remaining of prefunding balance 2022-06-30 0
Present value of excess contributions 2022-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-06-30 0
Reductions in caryover balances due to elections or deemed elections 2022-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2022-06-30 0
Balance of carryovers at beginning of current year 2022-06-30 0
Balance of prefunding at beginning of current year 2022-06-30 0
Total employer contributions 2022-06-30 83,449
Total employee contributions 2022-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2022-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-06-30 82,092
Unpaid minimum required contributions for all prior years 2022-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-06-30 0
Remaining amount of unpaid minimum required contributions 2022-06-30 0
Minimum required contributions for current year target normal cost 2022-06-30 0
Net shortfall amortization installment of oustanding balance 2022-06-30 0
Waiver amortization installment 2022-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2022-06-30 0
Additional cash requirement 2022-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2022-06-30 82,092
Unpaid minimum required contributions for current year 2022-06-30 0
Unpaid minimum required contributions for all years 2022-06-30 0
2013: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 171
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 5

Measure	Date	Value
2022: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2022 401k membership
Market value of plan assets	2022-06-30	3,472,821
Acturial value of plan assets	2022-06-30	3,472,821
Funding target for retired participants and beneficiaries receiving payment	2022-06-30	859,778
Number of terminated vested participants	2022-06-30	34
Fundng target for terminated vested participants	2022-06-30	1,210,275
Active participant vested funding target	2022-06-30	887,400
Number of active participants	2022-06-30	17
Total funding liabilities for active participants	2022-06-30	887,400
Total participant count	2022-06-30	76
Total funding target for all participants	2022-06-30	2,957,453
Balance at beginning of prior year after applicable adjustments	2022-06-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-06-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-06-30	0
Prefunding balanced used to offset prior years funding requirement	2022-06-30	0
Amount remaining of carryover balance	2022-06-30	0
Amount remaining of prefunding balance	2022-06-30	0
Present value of excess contributions	2022-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-06-30	0
Reductions in caryover balances due to elections or deemed elections	2022-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2022-06-30	0
Balance of carryovers at beginning of current year	2022-06-30	0
Balance of prefunding at beginning of current year	2022-06-30	0
Total employer contributions	2022-06-30	83,449
Total employee contributions	2022-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2022-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-06-30	82,092
Unpaid minimum required contributions for all prior years	2022-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-06-30	0
Remaining amount of unpaid minimum required contributions	2022-06-30	0
Minimum required contributions for current year target normal cost	2022-06-30	0
Net shortfall amortization installment of oustanding balance	2022-06-30	0
Waiver amortization installment	2022-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2022-06-30	0
Additional cash requirement	2022-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2022-06-30	82,092
Unpaid minimum required contributions for current year	2022-06-30	0
Unpaid minimum required contributions for all years	2022-06-30	0
2013: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	171
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	5

Financial Data on MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN

Measure	Date	Value
2013 : MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2013 401k financial data
Total transfer of assets from this plan	2013-07-16	$9,963,565
Total income from all sources (including contributions)	2013-07-16	$1,487,505
Total of all expenses incurred	2013-07-16	$2,308,854
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-07-16	$2,305,050
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-07-16	$270,376
Value of total assets at end of year	2013-07-16	$0
Value of total assets at beginning of year	2013-07-16	$10,784,914
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-07-16	$3,804
Total interest from all sources	2013-07-16	$764
Total dividends received (eg from common stock, registered investment company shares)	2013-07-16	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-07-16	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-07-16	$0
Was this plan covered by a fidelity bond	2013-07-16	Yes
Value of fidelity bond cover	2013-07-16	$3,000,000
If this is an individual account plan, was there a blackout period	2013-07-16	Yes
Were there any nonexempt tranactions with any party-in-interest	2013-07-16	No
Contributions received from participants	2013-07-16	$176,517
Participant contributions at beginning of year	2013-07-16	$55,244
Income. Received or receivable in cash from other sources (including rollovers)	2013-07-16	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-07-16	No
Value of net income/loss	2013-07-16	$-821,349
Value of net assets at end of year (total assets less liabilities)	2013-07-16	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-07-16	$10,784,914
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-07-16	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-07-16	No
Were any leases to which the plan was party in default or uncollectible	2013-07-16	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-07-16	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-07-16	$1,341,316
Value of interest in pooled separate accounts at beginning of year	2013-07-16	$8,563,139
Interest on participant loans	2013-07-16	$764
Value of interest in common/collective trusts at beginning of year	2013-07-16	$775,243
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-07-16	$201,076
Net investment gain/loss from pooled separate accounts	2013-07-16	$1,011,386
Net investment gain or loss from common/collective trusts	2013-07-16	$3,903
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-07-16	No
Was there a failure to transmit to the plan any participant contributions	2013-07-16	No
Has the plan failed to provide any benefit when due under the plan	2013-07-16	No
Contributions received in cash from employer	2013-07-16	$93,859
Employer contributions (assets) at end of year	2013-07-16	$0
Employer contributions (assets) at beginning of year	2013-07-16	$49,972
Income. Dividends from common stock	2013-07-16	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-07-16	$2,305,050
Contract administrator fees	2013-07-16	$3,804
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2013-07-16	Yes
Did the plan have assets held for investment	2013-07-16	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-07-16	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-07-16	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-07-16	Yes
Opinion of an independent qualified public accountant for this plan	2013-07-16	Disclaimer
Accountancy firm name	2013-07-16	HAWKINS ASH CPAS, LLP
Accountancy firm EIN	2013-07-16	390912608

Form 5500 Responses for MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN

2013: MID-WISCONSIN FINANCIAL SERVICES INC PROFIT SHARING AND 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NICOLET NATIONAL BANK
Employer identification number (EIN):	391990426
NAIC Classification:	522110
NAIC Description:	Commercial Banking