401k Plan data: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN plan

BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 401k Plan overview

Plan Name	BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN
Plan identification number	002

BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

BANKERS BANCORP OF OKLAHOMA, INC. has sponsored the creation of one or more 401k plans.

Company Name: BANKERS BANCORP OF OKLAHOMA, INC.

Employer identification number (EIN): 731252684

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 BETH HUMPHRIES 2023-06-29
002 2021-01-01 BETH HUMPHRIES 2022-07-26
002 2020-01-01
002 2019-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	BETH HUMPHRIES	2023-06-29
002	2021-01-01	BETH HUMPHRIES	2022-07-26
002	2020-01-01
002	2019-01-01

Plan Statistics for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN

401k plan membership statisitcs for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN

Measure Date Value
2020: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 109
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 76
Number of retired or separated participants receiving benefits 2020-01-01 18
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 94
Number of participants with account balances 2020-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 3
2019: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 114
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 87
Number of retired or separated participants receiving benefits 2019-01-01 21
Total of all active and inactive participants 2019-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 109
Number of participants with account balances 2019-01-01 106

Measure	Date	Value
2020: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	109
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	76
Number of retired or separated participants receiving benefits	2020-01-01	18
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	94
Number of participants with account balances	2020-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	3
2019: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	114
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	87
Number of retired or separated participants receiving benefits	2019-01-01	21
Total of all active and inactive participants	2019-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	109
Number of participants with account balances	2019-01-01	106

Financial Data on BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN

Measure	Date	Value
2020 : BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$150
Total income from all sources (including contributions)	2020-12-31	$1,960,316
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$3,953,370
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$3,947,390
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$852,250
Value of total assets at end of year	2020-12-31	$11,340,665
Value of total assets at beginning of year	2020-12-31	$13,333,869
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$5,980
Total interest from all sources	2020-12-31	$18,436
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$287,930
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$287,930
Administrative expenses professional fees incurred	2020-12-31	$5,980
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$518,171
Participant contributions at end of year	2020-12-31	$253,893
Participant contributions at beginning of year	2020-12-31	$327,410
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$72,928
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$101,597
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-12-31	$2,500
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-12-31	$5
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$-1,993,054
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$11,340,665
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$13,333,719
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$9,425,122
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$11,922,738
Income. Interest from loans (other than to participants)	2020-12-31	$14,310
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$1,010,788
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$1,010,788
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$4,126
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$1,659,150
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$801,700
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$232,482
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$3,947,390
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	2020-12-31	Yes
Did the plan have assets held for investment	2020-12-31	Yes
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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	HOGANTAYLOR LLP
Accountancy firm EIN	2020-12-31	731413977
2019 : BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2019 401k financial data
Total transfer of assets to this plan	2019-12-31	$1,689,612
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$150
Total income from all sources (including contributions)	2019-12-31	$3,077,467
Total of all expenses incurred	2019-12-31	$785,574
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$777,618
Value of total corrective distributions	2019-12-31	$998
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$830,235
Value of total assets at end of year	2019-12-31	$13,333,869
Value of total assets at beginning of year	2019-12-31	$9,352,214
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$6,958
Total interest from all sources	2019-12-31	$36,923
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Administrative expenses professional fees incurred	2019-12-31	$6,958
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$563,227
Participant contributions at end of year	2019-12-31	$327,410
Participant contributions at beginning of year	2019-12-31	$372,498
Assets. Other investments not covered elsewhere at end of year	2019-12-31	$72,928
Assets. Other investments not covered elsewhere at beginning of year	2019-12-31	$36,482
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$5
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$3
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$150
Other income not declared elsewhere	2019-12-31	$23,708
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,291,893
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$13,333,719
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$9,352,214
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$11,922,738
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$8,038,596
Interest on participant loans	2019-12-31	$17,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$1,010,788
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$904,635
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$904,635
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$19,463
Net investment gain or loss from common/collective trusts	2019-12-31	$2,186,601
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$267,008
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$777,618
Did the plan have assets held for investment	2019-12-31	Yes
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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	HOGANTAYLOR LLP
Accountancy firm EIN	2019-12-31	731413977

Form 5500 Responses for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN

2020: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )

Policy contract number

510344-01

Policy instance

Insurance contract or identification number	510344-01
Number of Individuals Covered	30
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Other information about contract	GROUP ANNUITY CONTRACT

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Company Name:	BANKERS BANCORP OF OKLAHOMA, INC.
Employer identification number (EIN):	731252684
NAIC Classification:	522110
NAIC Description:	Commercial Banking