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UNITED BANK OF EL PASO 401(K) PLAN 401k Plan overview

Plan NameUNITED BANK OF EL PASO 401(K) PLAN
Plan identification number 001

UNITED BANK OF EL PASO 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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.

401k Sponsoring company profile

UNITED BANK OF EL PASO DEL NORTE has sponsored the creation of one or more 401k plans.

Company Name:UNITED BANK OF EL PASO DEL NORTE
Employer identification number (EIN):742987112
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNITED BANK OF EL PASO 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01DAMARIS MEDINA
0012017-01-01DAMARIS MEDINA
0012016-01-01DAMARIS MEDINA
0012015-02-01JIM MCVAY

Plan Statistics for UNITED BANK OF EL PASO 401(K) PLAN

401k plan membership statisitcs for UNITED BANK OF EL PASO 401(K) PLAN

Measure Date Value
2021: UNITED BANK OF EL PASO 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0149
Total number of active participants reported on line 7a of the Form 55002021-01-0146
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-018
Total of all active and inactive participants2021-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0154
Number of participants with account balances2021-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: UNITED BANK OF EL PASO 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0148
Total number of active participants reported on line 7a of the Form 55002020-01-0145
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0149
Total participants2020-01-0149
Number of participants with account balances2020-01-0144
2019: UNITED BANK OF EL PASO 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0148
Total number of active participants reported on line 7a of the Form 55002019-01-0144
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0148
Number of participants with account balances2019-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: UNITED BANK OF EL PASO 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0149
Total number of active participants reported on line 7a of the Form 55002018-01-0145
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0148
Number of participants with account balances2018-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: UNITED BANK OF EL PASO 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0144
Total number of active participants reported on line 7a of the Form 55002017-01-0148
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0149
Number of participants with account balances2017-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: UNITED BANK OF EL PASO 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0145
Total number of active participants reported on line 7a of the Form 55002016-01-0144
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0144
Number of participants with account balances2016-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: UNITED BANK OF EL PASO 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-02-0140
Total number of active participants reported on line 7a of the Form 55002015-02-0145
Number of retired or separated participants receiving benefits2015-02-010
Number of other retired or separated participants entitled to future benefits2015-02-010
Total of all active and inactive participants2015-02-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-02-010
Total participants2015-02-0145
Number of participants with account balances2015-02-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-02-010

Financial Data on UNITED BANK OF EL PASO 401(K) PLAN

Measure Date Value
2021 : UNITED BANK OF EL PASO 401(K) PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$740,190
Expenses. Total of all expenses incurred2021-12-31$332,257
Benefits paid (including direct rollovers)2021-12-31$332,013
Total plan assets at end of year2021-12-31$2,344,770
Total plan assets at beginning of year2021-12-31$1,936,837
Value of fidelity bond covering the plan2021-12-31$3,000,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$244,141
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$78,102
Other income received2021-12-31$301,107
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$407,933
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,344,770
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,936,837
Assets. Value of participant loans2021-12-31$58,053
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$116,840
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$244
2020 : UNITED BANK OF EL PASO 401(K) PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$591,653
Expenses. Total of all expenses incurred2020-12-31$190,870
Benefits paid (including direct rollovers)2020-12-31$190,145
Total plan assets at end of year2020-12-31$1,936,837
Total plan assets at beginning of year2020-12-31$1,536,054
Value of fidelity bond covering the plan2020-12-31$3,000,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$209,366
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$269,143
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$400,783
Net plan assets at end of year (total assets less liabilities)2020-12-31$1,936,837
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,536,054
Assets. Value of participant loans2020-12-31$98,493
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$113,144
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$725
2019 : UNITED BANK OF EL PASO 401(K) PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$660,652
Expenses. Total of all expenses incurred2019-12-31$458,666
Benefits paid (including direct rollovers)2019-12-31$457,822
Total plan assets at end of year2019-12-31$1,536,054
Total plan assets at beginning of year2019-12-31$1,334,068
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$236,840
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$301,175
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$201,986
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,536,054
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,334,068
Assets. Value of participant loans2019-12-31$98,788
Total contributions received or receivable from employer(s)2019-12-31$122,637
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$844
2018 : UNITED BANK OF EL PASO 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$218,352
Expenses. Total of all expenses incurred2018-12-31$406,030
Benefits paid (including direct rollovers)2018-12-31$405,692
Total plan assets at end of year2018-12-31$1,334,068
Total plan assets at beginning of year2018-12-31$1,521,746
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$186,938
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-77,170
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-187,678
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,334,068
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,521,746
Assets. Value of participant loans2018-12-31$51,838
Total contributions received or receivable from employer(s)2018-12-31$108,584
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$338
2017 : UNITED BANK OF EL PASO 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$690,816
Expenses. Total of all expenses incurred2017-12-31$80,389
Benefits paid (including direct rollovers)2017-12-31$80,314
Total plan assets at end of year2017-12-31$1,521,746
Total plan assets at beginning of year2017-12-31$911,319
Value of fidelity bond covering the plan2017-12-31$3,000,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$200,048
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$189,692
Other income received2017-12-31$174,283
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$610,427
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,521,746
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$911,319
Assets. Value of participant loans2017-12-31$56,836
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$126,793
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$75
2016 : UNITED BANK OF EL PASO 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$332,079
Expenses. Total of all expenses incurred2016-12-31$90,776
Benefits paid (including direct rollovers)2016-12-31$90,601
Total plan assets at end of year2016-12-31$911,319
Total plan assets at beginning of year2016-12-31$670,016
Value of fidelity bond covering the plan2016-12-31$3,000,000
Total contributions received or receivable from participants2016-12-31$148,689
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$30,461
Other income received2016-12-31$57,171
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$241,303
Net plan assets at end of year (total assets less liabilities)2016-12-31$911,319
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$670,016
Assets. Value of participant loans2016-12-31$9,765
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$95,758
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$175
2015 : UNITED BANK OF EL PASO 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$727,081
Expenses. Total of all expenses incurred2015-12-31$57,065
Benefits paid (including direct rollovers)2015-12-31$56,840
Total plan assets at end of year2015-12-31$670,016
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$149,224
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$490,124
Other income received2015-12-31$-14,681
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$670,016
Net plan assets at end of year (total assets less liabilities)2015-12-31$670,016
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Assets. Value of participant loans2015-12-31$4,195
Total contributions received or receivable from employer(s)2015-12-31$102,414
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$225

Form 5500 Responses for UNITED BANK OF EL PASO 401(K) PLAN

2021: UNITED BANK OF EL PASO 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: UNITED BANK OF EL PASO 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: UNITED BANK OF EL PASO 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
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
2018: UNITED BANK OF EL PASO 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: UNITED BANK OF EL PASO 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: UNITED BANK OF EL PASO 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: UNITED BANK OF EL PASO 401(K) PLAN 2015 form 5500 responses
2015-02-01Type of plan entitySingle employer plan
2015-02-01First time form 5500 has been submittedYes
2015-02-01Submission has been amendedNo
2015-02-01This submission is the final filingNo
2015-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-02-01Plan is a collectively bargained planNo
2015-02-01Plan funding arrangement – TrustYes
2015-02-01Plan benefit arrangement - TrustYes

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