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BANK OF HOLLAND 401(K) PLAN 401k Plan overview

Plan NameBANK OF HOLLAND 401(K) PLAN
Plan identification number 002

BANK OF HOLLAND 401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • 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

BANK OF HOLLAND has sponsored the creation of one or more 401k plans.

Company Name:BANK OF HOLLAND
Employer identification number (EIN):160341640
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF HOLLAND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01TIMOTHY DICKEY2024-08-12 TIMOTHY DICKEY2024-08-12
0022022-01-01TIMOTHY DICKEY2023-05-24 TIMOTHY DICKEY2023-05-24
0022021-01-01TIMOTHY W. DICKEY2022-06-14 TIMOTHY W. DICKEY2022-06-14
0022020-01-01TIMOTHY DICKEY2021-08-17 TIMOTHY DICKEY2021-08-17
0022019-01-01TIMOTHY DICKEY2020-06-29 TIMOTHY DICKEY2020-06-29
0022018-01-01TIMOTHY DICKEY2019-07-18 TIMOTHY DICKEY2019-07-18
0022017-01-01TIMOTHY DICKEY2018-04-20 TIMOTHY DICKEY2018-04-20
0022016-01-01TIMOTHY DICKEY2017-05-05 TIMOTHY DICKEY2017-05-05
0022015-01-01TIMOTHY DICKEY2016-04-01 TIMOTHY DICKEY2016-04-01
0022014-01-01MARK L LUDERMAN2015-06-15 MARK L LUDERMAN2015-06-15
0022013-01-01MARK LUDERMAN2014-02-14 MARK LUDERMAN2014-02-14
0022012-01-01MARK LUDERMAN2013-06-24 MARK LUDERMAN2013-06-24
0022011-01-01MARK LUDERMAN MARK LUDERMAN2013-04-09

Plan Statistics for BANK OF HOLLAND 401(K) PLAN

401k plan membership statisitcs for BANK OF HOLLAND 401(K) PLAN

Measure Date Value
2011: BANK OF HOLLAND 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0125
Total number of active participants reported on line 7a of the Form 55002011-01-0124
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0126
Number of participants with account balances2011-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on BANK OF HOLLAND 401(K) PLAN

Measure Date Value
2011 : BANK OF HOLLAND 401(K) PLAN 2011 401k financial data
Total income from all sources2011-12-31$58,570
Expenses. Total of all expenses incurred2011-12-31$1,684
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$110,125
Total plan assets at beginning of year2011-12-31$53,239
Value of fidelity bond covering the plan2011-12-31$2,000,000
Total contributions received or receivable from participants2011-12-31$34,076
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-4,093
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$56,886
Net plan assets at end of year (total assets less liabilities)2011-12-31$110,125
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$53,239
Total contributions received or receivable from employer(s)2011-12-31$28,587
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$1,684
2010 : BANK OF HOLLAND 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$53,486
Expenses. Total of all expenses incurred2010-12-31$247
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$53,239
Total plan assets at beginning of year2010-12-31$0
Value of fidelity bond covering the plan2010-12-31$2,000,000
Total contributions received or receivable from participants2010-12-31$20,018
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$4,516
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$53,239
Net plan assets at end of year (total assets less liabilities)2010-12-31$53,239
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$28,952
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$247

Form 5500 Responses for BANK OF HOLLAND 401(K) PLAN

2011: BANK OF HOLLAND 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number84928
Policy instance 1
Insurance contract or identification number84928
Number of Individuals Covered26
Total amount of commissions paid to insurance brokerUSD $397
Total amount of fees paid to insurance companyUSD $529
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )
Policy contract number
Policy instance 1
Number of Individuals Covered25
Total amount of commissions paid to insurance brokerUSD $93
Total amount of fees paid to insurance companyUSD $174
Commission paid to Insurance BrokerUSD $93
Insurance broker organization code?5
Amount paid for insurance broker fees169
Additional information about fees paid to insurance brokerTPA COMPENSATION
Insurance broker nameMERRILL LYNCH LIFE AGENCY

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