401k Plan data: PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN plan

PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN 401k Plan overview

Plan Name	PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN
Plan identification number	001

PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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

PROGRESSIVE SAVINGS BANK, F.S.B. has sponsored the creation of one or more 401k plans.

Company Name: PROGRESSIVE SAVINGS BANK, F.S.B.

Employer identification number (EIN): 621084675

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 WILLIAM CARROLL 2023-02-21
001 2020-01-01 WILLIAM CARROLL 2021-09-29 WILLIAM CARROLL 2021-09-29
001 2019-01-01 HERBERT JUSTICE 2020-02-24 HERBERT JUSTICE 2020-02-24
001 2018-01-01 HERBERT JUSTICE 2019-07-15 HERBERT JUSTICE 2019-07-15
001 2017-01-01 HERBERT JUSTICE 2018-07-03 HERBERT JUSTICE 2018-07-03
001 2016-01-01 HERBERT JUSTICE 2017-06-30 HERBERT JUSTICE 2017-06-30
001 2015-01-01 HERBERT JUSTICE 2016-03-04 HERBERT JUSTICE 2016-03-04
001 2014-01-01 HERBERT JUSTICE 2015-03-04 HERBERT JUSTICE 2015-05-11
001 2013-01-01 HERBERT JUSTICE 2014-04-04 HERBERT JUSTICE 2014-04-04
001 2012-01-01 HERBERT JUSTICE 2013-06-04 HERBERT JUSTICE 2013-06-04
001 2011-01-01 VANESSA HERREN 2012-07-03 VANESSA HERREN 2012-07-03
001 2010-01-01 VANESSA HERREN 2011-06-20 VANESSA HERREN 2011-06-20

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	WILLIAM CARROLL	2023-02-21
001	2020-01-01	WILLIAM CARROLL	2021-09-29	WILLIAM CARROLL	2021-09-29
001	2019-01-01	HERBERT JUSTICE	2020-02-24	HERBERT JUSTICE	2020-02-24
001	2018-01-01	HERBERT JUSTICE	2019-07-15	HERBERT JUSTICE	2019-07-15
001	2017-01-01	HERBERT JUSTICE	2018-07-03	HERBERT JUSTICE	2018-07-03
001	2016-01-01	HERBERT JUSTICE	2017-06-30	HERBERT JUSTICE	2017-06-30
001	2015-01-01	HERBERT JUSTICE	2016-03-04	HERBERT JUSTICE	2016-03-04
001	2014-01-01	HERBERT JUSTICE	2015-03-04	HERBERT JUSTICE	2015-05-11
001	2013-01-01	HERBERT JUSTICE	2014-04-04	HERBERT JUSTICE	2014-04-04
001	2012-01-01	HERBERT JUSTICE	2013-06-04	HERBERT JUSTICE	2013-06-04
001	2011-01-01	VANESSA HERREN	2012-07-03	VANESSA HERREN	2012-07-03
001	2010-01-01	VANESSA HERREN	2011-06-20	VANESSA HERREN	2011-06-20

Financial Data on PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN

Measure	Date	Value
2023 : PROGRESSIVE SAVINGS BANK F.S.B. 401(K) PLAN 2023 401k financial data
Total transfers to/from plan in this plan year	2023-02-21	-188232
Total liabilities as of the end of the plan year	2023-02-21	0
Total liabilities as of the beginning of the plan year	2023-02-21	0
Total expenses incurred by plan in this plan year	2023-02-21	0
Net assets as of the end of the plan year	2023-02-21	0
Total assets as of the beginning of the plan year	2023-02-21	185184
Value of plan covered by a fidelity bond	2023-02-21	5000000
Other income to plan in this plan year	2023-02-21	3048
Plan net income in this plan year	2023-02-21	3048
Net assets as of the end of the plan year	2023-02-21	0
Net assets as of the beginning of the plan year	2023-02-21	185184

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Company Name:	PROGRESSIVE SAVINGS BANK, F.S.B.
Employer identification number (EIN):	621084675
NAIC Classification:	522120
NAIC Description:	Savings Institutions