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FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 401k Plan overview

Plan NameFAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN
Plan identification number 002

FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • The employer maintaining this ESOP is an S Corporation
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:FAYETTE BANCSHARES, INC.
Employer identification number (EIN):812108932
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about FAYETTE BANCSHARES, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-03-07
Company Identification Number: 0802409315
Legal Registered Office Address: 111 E TRAVIS ST

LA GRANGE
United States of America (USA)
78945

More information about FAYETTE BANCSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01RODNEY KALICH

Financial Data on FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

Measure Date Value
2020 : FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$47
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$585,649
Expenses. Total of all expenses incurred2020-12-31$253,247
Benefits paid (including direct rollovers)2020-12-31$246,057
Total plan assets at end of year2020-12-31$2,432,367
Total plan assets at beginning of year2020-12-31$2,099,918
Value of fidelity bond covering the plan2020-12-31$2,000,000
Total contributions received or receivable from participants2020-12-31$165,948
Contributions received from other sources (not participants or employers)2020-12-31$7,835
Other income received2020-12-31$283,493
Net income (gross income less expenses)2020-12-31$332,402
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,432,320
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,099,918
Assets. Value of employer securities2020-12-31$304,085
Total contributions received or receivable from employer(s)2020-12-31$128,373
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$7,190
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 2019 401k financial data
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$595,477
Expenses. Total of all expenses incurred2019-12-31$157,179
Benefits paid (including direct rollovers)2019-12-31$151,832
Total plan assets at end of year2019-12-31$2,099,918
Total plan assets at beginning of year2019-12-31$1,661,620
Value of fidelity bond covering the plan2019-12-31$2,000,000
Total contributions received or receivable from participants2019-12-31$151,374
Other income received2019-12-31$341,077
Net income (gross income less expenses)2019-12-31$438,298
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,099,918
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,661,620
Assets. Value of participant loans2019-12-31$0
Assets. Value of employer securities2019-12-31$155,597
Total contributions received or receivable from employer(s)2019-12-31$103,026
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$5,347
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$1,661,620
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$0
Expenses. Total of all expenses incurred2018-12-31$0
Total plan assets at end of year2018-12-31$1,661,620
Total plan assets at beginning of year2018-12-31$0
Value of fidelity bond covering the plan2018-12-31$2,000,000
Net income (gross income less expenses)2018-12-31$0
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,661,620
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$0
Assets. Value of participant loans2018-12-31$661
Assets. Value of employer securities2018-12-31$68,533
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0

Form 5500 Responses for FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN

2020: FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K 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 – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FAYETTE SAVINGS BANK EMPLOYEE STOCK OWNERSHIP AND 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01First time form 5500 has been submittedYes
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 – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B133
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B133
Policy instance 1
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81B133
Policy instance 1

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