401k Plan data: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN plan

GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 401k Plan overview

Plan Name	GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN
Plan identification number	001

GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GREATER SOUTHWEST BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: GREATER SOUTHWEST BANCSHARES, INC.

Employer identification number (EIN): 752160388

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about GREATER SOUTHWEST BANCSHARES, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1986-07-03

Company Identification Number: 0100308400

Legal Registered Office Address: 108 W NORTHWEST HWY

GRAPEVINE
United States of America (USA)
76051

More information about GREATER SOUTHWEST BANCSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 CHRISTY BAIR 2022-09-08 CHRISTY BAIR 2022-09-08
001 2020-01-01 CHRISTY BAIR 2021-03-24 CHRISTY BAIR 2021-03-24
001 2018-01-01 CHRISTY BAIR 2019-06-19 CHRISTY BAIR 2019-06-19
001 2017-01-01 DEBBI JORDAN 2018-04-19 DEBBI JORDAN 2018-04-19
001 2016-01-01 DEBBI JORDAN 2017-07-07 DEBBI JORDAN 2017-07-07
001 2015-01-01 DEBBI JORDAN 2016-06-27 DEBBI JORDAN 2016-06-27
001 2014-01-01 DEBBI JORDAN 2015-09-17 DEBBI JORDAN 2015-09-17
001 2013-01-01 DEBBI JORDAN 2014-04-15 DEBBI JORDAN 2014-04-15
001 2012-01-01 DEBBI JORDAN 2013-09-26 DEBBI JORDAN 2013-09-26
001 2011-01-01 DEBBI JORDAN
001 2009-01-01
001 2009-01-01 ANITA GOSSETT

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01	CHRISTY BAIR	2022-09-08	CHRISTY BAIR	2022-09-08
001	2020-01-01	CHRISTY BAIR	2021-03-24	CHRISTY BAIR	2021-03-24
001	2018-01-01	CHRISTY BAIR	2019-06-19	CHRISTY BAIR	2019-06-19
001	2017-01-01	DEBBI JORDAN	2018-04-19	DEBBI JORDAN	2018-04-19
001	2016-01-01	DEBBI JORDAN	2017-07-07	DEBBI JORDAN	2017-07-07
001	2015-01-01	DEBBI JORDAN	2016-06-27	DEBBI JORDAN	2016-06-27
001	2014-01-01	DEBBI JORDAN	2015-09-17	DEBBI JORDAN	2015-09-17
001	2013-01-01	DEBBI JORDAN	2014-04-15	DEBBI JORDAN	2014-04-15
001	2012-01-01	DEBBI JORDAN	2013-09-26	DEBBI JORDAN	2013-09-26
001	2011-01-01	DEBBI JORDAN
001	2009-01-01
001	2009-01-01	ANITA GOSSETT

Plan Statistics for GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN

401k plan membership statisitcs for GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN

Measure Date Value
2022: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 113
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 2
Total of all active and inactive participants 2022-01-01 115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 115
Number of participants with account balances 2022-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2011: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 77
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 15
Total of all active and inactive participants 2011-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 92
Number of participants with account balances 2011-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 4
2009: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 77
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 76
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 19
Total of all active and inactive participants 2009-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 95
Number of participants with account balances 2009-01-01 65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2022: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	113
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	2
Total of all active and inactive participants	2022-01-01	115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	115
Number of participants with account balances	2022-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2011: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	77
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	15
Total of all active and inactive participants	2011-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	92
Number of participants with account balances	2011-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	4
2009: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	77
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	76
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	19
Total of all active and inactive participants	2009-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	95
Number of participants with account balances	2009-01-01	65
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN

Measure	Date	Value
2022 : GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-41,536
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$222,228
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$166,289
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$909,229
Value of total assets at end of year	2022-12-31	$6,199,923
Value of total assets at beginning of year	2022-12-31	$6,463,687
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$55,939
Total interest from all sources	2022-12-31	$7,813
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Administrative expenses professional fees incurred	2022-12-31	$55,939
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$400,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$562,460
Participant contributions at end of year	2022-12-31	$120,531
Participant contributions at beginning of year	2022-12-31	$159,590
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$230,428
Other income not declared elsewhere	2022-12-31	$14,328
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-263,764
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$6,199,923
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$6,463,687
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in pooled separate accounts at end of year	2022-12-31	$4,252,284
Value of interest in pooled separate accounts at beginning of year	2022-12-31	$4,697,527
Interest on participant loans	2022-12-31	$7,813
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$1,825,612
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$1,598,058
Net investment gain/loss from pooled separate accounts	2022-12-31	$-972,906
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$116,341
Employer contributions (assets) at end of year	2022-12-31	$1,496
Employer contributions (assets) at beginning of year	2022-12-31	$8,512
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$166,289
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	HENRY PETERS, LLC
Accountancy firm EIN	2022-12-31	751503978
2011 : GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$242,460
Expenses. Total of all expenses incurred	2011-12-31	$135,305
Benefits paid (including direct rollovers)	2011-12-31	$132,771
Total plan assets at end of year	2011-12-31	$2,386,376
Total plan assets at beginning of year	2011-12-31	$2,279,221
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$210,991
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$-52,285
Net income (gross income less expenses)	2011-12-31	$107,155
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,386,376
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,279,221
Assets. Value of participant loans	2011-12-31	$164,483
Total contributions received or receivable from employer(s)	2011-12-31	$83,754
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$1,184
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$1,350
2010 : GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$463,750
Expenses. Total of all expenses incurred	2010-12-31	$18,013
Benefits paid (including direct rollovers)	2010-12-31	$16,763
Total plan assets at end of year	2010-12-31	$2,279,221
Total plan assets at beginning of year	2010-12-31	$1,833,484
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$193,329
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$191,292
Net income (gross income less expenses)	2010-12-31	$445,737
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,279,221
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,833,484
Assets. Value of participant loans	2010-12-31	$157,767
Total contributions received or receivable from employer(s)	2010-12-31	$79,129
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$1,250

Form 5500 Responses for GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN

2022: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2011: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2009: GREATER SOUTHWEST BANCSHARES, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )

Policy contract number

601030-000

Policy instance

Insurance contract or identification number	601030-000
Number of Individuals Covered	115
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $8,728
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?	No
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?	Yes
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
Amount paid for insurance broker fees	8728
Additional information about fees paid to insurance broker	TPA
Insurance broker organization code?	5

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )

Policy contract number

931610

Policy instance

Insurance contract or identification number	931610
Number of Individuals Covered	63
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $4,279
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
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?	No
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?	Yes
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

METLIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 87726 )

Policy contract number

931610

Policy instance

Insurance contract or identification number	931610
Number of Individuals Covered	57
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $3,471
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
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?	No
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?	Yes
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
Commission paid to Insurance Broker	USD $3,471
Insurance broker organization code?	4
Insurance broker name	USI SECURITIES, INC.

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	GREATER SOUTHWEST BANCSHARES, INC.
Employer identification number (EIN):	752160388
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1986-07-03
Company Identification Number:	0100308400
Legal Registered Office Address:	108 W NORTHWEST HWY GRAPEVINE United States of America (USA) 76051