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FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 401k Plan overview

Plan NameFLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN
Plan identification number 003

FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS 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.
  • 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

FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION
Employer identification number (EIN):110754225
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032011-01-01DONNA M. BUENCAMINO
0032009-01-01DONNA BUENCAMINO DONNABUENCAMINO2010-07-29

Plan Statistics for FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN

401k plan membership statisitcs for FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN

Measure Date Value
2011: FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0134
Total number of active participants reported on line 7a of the Form 55002011-01-0133
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-011
Total of all active and inactive participants2011-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0134
Number of participants with account balances2011-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0133
Total number of active participants reported on line 7a of the Form 55002009-01-0133
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0134
Number of participants with account balances2009-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN

Measure Date Value
2011 : FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$113,426
Expenses. Total of all expenses incurred2011-12-31$2,664
Total plan assets at end of year2011-12-31$561,383
Total plan assets at beginning of year2011-12-31$450,621
Value of fidelity bond covering the plan2011-12-31$3,000,000
Total contributions received or receivable from participants2011-12-31$80,715
Expenses. Other expenses not covered elsewhere2011-12-31$120
Other income received2011-12-31$-6,693
Net income (gross income less expenses)2011-12-31$110,762
Net plan assets at end of year (total assets less liabilities)2011-12-31$561,383
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$450,621
Assets. Value of participant loans2011-12-31$12,252
Total contributions received or receivable from employer(s)2011-12-31$39,404
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,544
2010 : FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$163,460
Expenses. Total of all expenses incurred2010-12-31$2,240
Total plan assets at end of year2010-12-31$450,621
Total plan assets at beginning of year2010-12-31$289,401
Value of fidelity bond covering the plan2010-12-31$3,000,000
Total contributions received or receivable from participants2010-12-31$77,206
Expenses. Other expenses not covered elsewhere2010-12-31$360
Other income received2010-12-31$48,601
Net income (gross income less expenses)2010-12-31$161,220
Net plan assets at end of year (total assets less liabilities)2010-12-31$450,621
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$289,401
Assets. Value of participant loans2010-12-31$14,287
Total contributions received or receivable from employer(s)2010-12-31$37,653
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,880

Form 5500 Responses for FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN

2011: FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FLATBUSH FEDERAL SAVINGS & LOAN ASSOCIATION 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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