401k Plan data: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA plan

PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 401k Plan overview

Plan Name	PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA
Plan identification number	001

PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 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.
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.
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

PREMIER BANK MINNESOTA has sponsored the creation of one or more 401k plans.

Company Name: PREMIER BANK MINNESOTA

Employer identification number (EIN): 411677555

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA

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
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 CASEY REGAN
001 2016-01-01 CASEY REGAN
001 2015-01-01 CASEY REGAN
001 2014-01-01 CASEY REGAN
001 2013-01-01 CASEY REGAN
001 2012-01-01 CASEY REGAN
001 2011-01-01 CASEY REGAN
001 2010-01-01 G JACK HILLSTROM
001 2009-01-01 G JACK HILLSTROM

Plan Statistics for PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA

401k plan membership statisitcs for PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA

Measure Date Value
2022: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2022 401k membership
Total participants, beginning-of-year 2022-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 0
Total participants 2022-01-01 0
Number of participants with account balances 2022-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2021 401k membership
Total participants, beginning-of-year 2021-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 44
Number of other retired or separated participants entitled to future benefits 2021-01-01 15
Total of all active and inactive participants 2021-01-01 59
Total participants 2021-01-01 59
Number of participants with account balances 2021-01-01 58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 5
2020: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2020 401k membership
Total participants, beginning-of-year 2020-01-01 68
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 47
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 59
Total participants 2020-01-01 59
Number of participants with account balances 2020-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2019 401k membership
Total participants, beginning-of-year 2019-01-01 59
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 42
Number of other retired or separated participants entitled to future benefits 2019-01-01 13
Total of all active and inactive participants 2019-01-01 55
Total participants 2019-01-01 55
Number of participants with account balances 2019-01-01 54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 7
2018: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2018 401k membership
Total participants, beginning-of-year 2018-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 47
Number of other retired or separated participants entitled to future benefits 2018-01-01 6
Total of all active and inactive participants 2018-01-01 53
Total participants 2018-01-01 53
Number of participants with account balances 2018-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 4
2017: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2017 401k membership
Total participants, beginning-of-year 2017-01-01 61
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 51
Number of other retired or separated participants entitled to future benefits 2017-01-01 5
Total of all active and inactive participants 2017-01-01 56
Total participants 2017-01-01 56
Number of participants with account balances 2017-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 2
2016: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2016 401k membership
Total participants, beginning-of-year 2016-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 43
Number of other retired or separated participants entitled to future benefits 2016-01-01 7
Total of all active and inactive participants 2016-01-01 50
Total participants 2016-01-01 50
Number of participants with account balances 2016-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 4
2015: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2015 401k membership
Total participants, beginning-of-year 2015-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 45
Number of other retired or separated participants entitled to future benefits 2015-01-01 6
Total of all active and inactive participants 2015-01-01 51
Total participants 2015-01-01 51
Number of participants with account balances 2015-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 3
2014: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2014 401k membership
Total participants, beginning-of-year 2014-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 40
Number of other retired or separated participants entitled to future benefits 2014-01-01 6
Total of all active and inactive participants 2014-01-01 46
Total participants 2014-01-01 46
Number of participants with account balances 2014-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 6
2013: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2013 401k membership
Total participants, beginning-of-year 2013-01-01 44
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 40
Number of other retired or separated participants entitled to future benefits 2013-01-01 3
Total of all active and inactive participants 2013-01-01 43
Total participants 2013-01-01 43
Number of participants with account balances 2013-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2012 401k membership
Total participants, beginning-of-year 2012-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 38
Number of other retired or separated participants entitled to future benefits 2012-01-01 6
Total of all active and inactive participants 2012-01-01 44
Total participants 2012-01-01 44
Number of participants with account balances 2012-01-01 42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2011 401k membership
Total participants, beginning-of-year 2011-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 41
Number of other retired or separated participants entitled to future benefits 2011-01-01 7
Total of all active and inactive participants 2011-01-01 48
Total participants 2011-01-01 48
Number of participants with account balances 2011-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 4
2010: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2010 401k membership
Total participants, beginning-of-year 2010-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 47
Number of other retired or separated participants entitled to future benefits 2010-01-01 4
Total of all active and inactive participants 2010-01-01 51
Total participants 2010-01-01 51
Number of participants with account balances 2010-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 4
2009: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 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 50
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 16
Total of all active and inactive participants 2009-01-01 67
Total participants 2009-01-01 67
Number of participants with account balances 2009-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 8

Measure	Date	Value
2022: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2022 401k membership
Total participants, beginning-of-year	2022-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	0
Total participants	2022-01-01	0
Number of participants with account balances	2022-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2021 401k membership
Total participants, beginning-of-year	2021-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	44
Number of other retired or separated participants entitled to future benefits	2021-01-01	15
Total of all active and inactive participants	2021-01-01	59
Total participants	2021-01-01	59
Number of participants with account balances	2021-01-01	58
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	5
2020: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2020 401k membership
Total participants, beginning-of-year	2020-01-01	68
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	47
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	59
Total participants	2020-01-01	59
Number of participants with account balances	2020-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2019 401k membership
Total participants, beginning-of-year	2019-01-01	59
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	42
Number of other retired or separated participants entitled to future benefits	2019-01-01	13
Total of all active and inactive participants	2019-01-01	55
Total participants	2019-01-01	55
Number of participants with account balances	2019-01-01	54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	7
2018: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2018 401k membership
Total participants, beginning-of-year	2018-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	47
Number of other retired or separated participants entitled to future benefits	2018-01-01	6
Total of all active and inactive participants	2018-01-01	53
Total participants	2018-01-01	53
Number of participants with account balances	2018-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	4
2017: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2017 401k membership
Total participants, beginning-of-year	2017-01-01	61
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	51
Number of other retired or separated participants entitled to future benefits	2017-01-01	5
Total of all active and inactive participants	2017-01-01	56
Total participants	2017-01-01	56
Number of participants with account balances	2017-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	2
2016: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2016 401k membership
Total participants, beginning-of-year	2016-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	43
Number of other retired or separated participants entitled to future benefits	2016-01-01	7
Total of all active and inactive participants	2016-01-01	50
Total participants	2016-01-01	50
Number of participants with account balances	2016-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	4
2015: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2015 401k membership
Total participants, beginning-of-year	2015-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	45
Number of other retired or separated participants entitled to future benefits	2015-01-01	6
Total of all active and inactive participants	2015-01-01	51
Total participants	2015-01-01	51
Number of participants with account balances	2015-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	3
2014: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2014 401k membership
Total participants, beginning-of-year	2014-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	40
Number of other retired or separated participants entitled to future benefits	2014-01-01	6
Total of all active and inactive participants	2014-01-01	46
Total participants	2014-01-01	46
Number of participants with account balances	2014-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	6
2013: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2013 401k membership
Total participants, beginning-of-year	2013-01-01	44
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	40
Number of other retired or separated participants entitled to future benefits	2013-01-01	3
Total of all active and inactive participants	2013-01-01	43
Total participants	2013-01-01	43
Number of participants with account balances	2013-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2012 401k membership
Total participants, beginning-of-year	2012-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	38
Number of other retired or separated participants entitled to future benefits	2012-01-01	6
Total of all active and inactive participants	2012-01-01	44
Total participants	2012-01-01	44
Number of participants with account balances	2012-01-01	42
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2011 401k membership
Total participants, beginning-of-year	2011-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	41
Number of other retired or separated participants entitled to future benefits	2011-01-01	7
Total of all active and inactive participants	2011-01-01	48
Total participants	2011-01-01	48
Number of participants with account balances	2011-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	4
2010: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2010 401k membership
Total participants, beginning-of-year	2010-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	47
Number of other retired or separated participants entitled to future benefits	2010-01-01	4
Total of all active and inactive participants	2010-01-01	51
Total participants	2010-01-01	51
Number of participants with account balances	2010-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	4
2009: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 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	50
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	16
Total of all active and inactive participants	2009-01-01	67
Total participants	2009-01-01	67
Number of participants with account balances	2009-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	8

Financial Data on PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA

Measure	Date	Value
2022 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2022 401k financial data
Transfers to/from the plan	2022-12-31	$-2,590,736
Total income from all sources	2022-12-31	$-110,753
Expenses. Total of all expenses incurred	2022-12-31	$608,727
Benefits paid (including direct rollovers)	2022-12-31	$593,199
Total plan assets at beginning of year	2022-12-31	$3,310,216
Value of fidelity bond covering the plan	2022-12-31	$10,000,000
Other income received	2022-12-31	$-437,799
Net income (gross income less expenses)	2022-12-31	$-719,480
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,310,216
Total contributions received or receivable from employer(s)	2022-12-31	$327,046
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$15,528
2021 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2021 401k financial data
Total income from all sources	2021-12-31	$877,479
Expenses. Total of all expenses incurred	2021-12-31	$599,929
Benefits paid (including direct rollovers)	2021-12-31	$583,834
Total plan assets at end of year	2021-12-31	$3,310,216
Total plan assets at beginning of year	2021-12-31	$3,032,666
Value of fidelity bond covering the plan	2021-12-31	$10,000,000
Other income received	2021-12-31	$574,043
Net income (gross income less expenses)	2021-12-31	$277,550
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,310,216
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,032,666
Total contributions received or receivable from employer(s)	2021-12-31	$303,436
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$16,095
2020 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2020 401k financial data
Total income from all sources	2020-12-31	$537,988
Expenses. Total of all expenses incurred	2020-12-31	$270,461
Benefits paid (including direct rollovers)	2020-12-31	$259,755
Total plan assets at end of year	2020-12-31	$3,032,666
Total plan assets at beginning of year	2020-12-31	$2,765,139
Value of fidelity bond covering the plan	2020-12-31	$5,000,000
Other income received	2020-12-31	$257,988
Net income (gross income less expenses)	2020-12-31	$267,527
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,032,666
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,765,139
Total contributions received or receivable from employer(s)	2020-12-31	$280,000
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$10,706
2019 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2019 401k financial data
Total income from all sources	2019-12-31	$613,708
Expenses. Total of all expenses incurred	2019-12-31	$63,844
Benefits paid (including direct rollovers)	2019-12-31	$53,543
Total plan assets at end of year	2019-12-31	$2,765,139
Total plan assets at beginning of year	2019-12-31	$2,215,275
Value of fidelity bond covering the plan	2019-12-31	$5,000,000
Other income received	2019-12-31	$347,808
Net income (gross income less expenses)	2019-12-31	$549,864
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,765,139
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,215,275
Total contributions received or receivable from employer(s)	2019-12-31	$265,900
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$10,301
2018 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2018 401k financial data
Total income from all sources	2018-12-31	$191,788
Expenses. Total of all expenses incurred	2018-12-31	$94,455
Benefits paid (including direct rollovers)	2018-12-31	$84,248
Total plan assets at end of year	2018-12-31	$2,215,275
Total plan assets at beginning of year	2018-12-31	$2,117,942
Value of fidelity bond covering the plan	2018-12-31	$5,000,000
Other income received	2018-12-31	$-58,212
Net income (gross income less expenses)	2018-12-31	$97,333
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,215,275
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,117,942
Total contributions received or receivable from employer(s)	2018-12-31	$250,000
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$10,207
2017 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2017 401k financial data
Total income from all sources	2017-12-31	$443,153
Expenses. Total of all expenses incurred	2017-12-31	$82,769
Benefits paid (including direct rollovers)	2017-12-31	$74,030
Total plan assets at end of year	2017-12-31	$2,117,942
Total plan assets at beginning of year	2017-12-31	$1,757,558
Value of fidelity bond covering the plan	2017-12-31	$5,000,000
Other income received	2017-12-31	$203,153
Net income (gross income less expenses)	2017-12-31	$360,384
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,117,942
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,757,558
Total contributions received or receivable from employer(s)	2017-12-31	$240,000
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$8,739
2016 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2016 401k financial data
Total income from all sources	2016-12-31	$248,209
Expenses. Total of all expenses incurred	2016-12-31	$52,810
Benefits paid (including direct rollovers)	2016-12-31	$47,312
Total plan assets at end of year	2016-12-31	$1,757,558
Total plan assets at beginning of year	2016-12-31	$1,562,159
Value of fidelity bond covering the plan	2016-12-31	$5,000,000
Other income received	2016-12-31	$17,209
Net income (gross income less expenses)	2016-12-31	$195,399
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,757,558
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,562,159
Total contributions received or receivable from employer(s)	2016-12-31	$231,000
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$5,498
2015 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2015 401k financial data
Total income from all sources	2015-12-31	$246,027
Expenses. Total of all expenses incurred	2015-12-31	$55,839
Benefits paid (including direct rollovers)	2015-12-31	$46,909
Total plan assets at end of year	2015-12-31	$1,562,159
Total plan assets at beginning of year	2015-12-31	$1,371,971
Value of fidelity bond covering the plan	2015-12-31	$5,000,000
Other income received	2015-12-31	$13,027
Net income (gross income less expenses)	2015-12-31	$190,188
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,562,159
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,371,971
Total contributions received or receivable from employer(s)	2015-12-31	$233,000
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$8,930
2014 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2014 401k financial data
Total income from all sources	2014-12-31	$365,275
Expenses. Total of all expenses incurred	2014-12-31	$58,864
Benefits paid (including direct rollovers)	2014-12-31	$51,788
Total plan assets at end of year	2014-12-31	$1,371,971
Total plan assets at beginning of year	2014-12-31	$1,065,560
Value of fidelity bond covering the plan	2014-12-31	$5,000,000
Other income received	2014-12-31	$85,275
Net income (gross income less expenses)	2014-12-31	$306,411
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,371,971
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,065,560
Total contributions received or receivable from employer(s)	2014-12-31	$280,000
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$7,076
2013 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2013 401k financial data
Total income from all sources	2013-12-31	$346,518
Expenses. Total of all expenses incurred	2013-12-31	$187,947
Benefits paid (including direct rollovers)	2013-12-31	$183,084
Total plan assets at end of year	2013-12-31	$1,065,560
Total plan assets at beginning of year	2013-12-31	$906,989
Value of fidelity bond covering the plan	2013-12-31	$5,000,000
Other income received	2013-12-31	$110,518
Net income (gross income less expenses)	2013-12-31	$158,571
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,065,560
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$906,989
Total contributions received or receivable from employer(s)	2013-12-31	$236,000
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$4,863
2012 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2012 401k financial data
Total income from all sources	2012-12-31	$148,960
Expenses. Total of all expenses incurred	2012-12-31	$86,715
Benefits paid (including direct rollovers)	2012-12-31	$86,715
Total plan assets at end of year	2012-12-31	$906,989
Total plan assets at beginning of year	2012-12-31	$844,744
Value of fidelity bond covering the plan	2012-12-31	$5,000,000
Other income received	2012-12-31	$64,332
Net income (gross income less expenses)	2012-12-31	$62,245
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$906,989
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$844,744
Total contributions received or receivable from employer(s)	2012-12-31	$84,628
2011 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2011 401k financial data
Total income from all sources	2011-12-31	$10,309
Expenses. Total of all expenses incurred	2011-12-31	$34,205
Benefits paid (including direct rollovers)	2011-12-31	$31,272
Total plan assets at end of year	2011-12-31	$841,810
Total plan assets at beginning of year	2011-12-31	$865,706
Value of fidelity bond covering the plan	2011-12-31	$5,000,000
Other income received	2011-12-31	$10,309
Net income (gross income less expenses)	2011-12-31	$-23,896
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$841,810
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$865,706
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$2,933
2010 : PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2010 401k financial data
Total income from all sources	2010-12-31	$53,049
Expenses. Total of all expenses incurred	2010-12-31	$204,219
Benefits paid (including direct rollovers)	2010-12-31	$204,219
Total plan assets at end of year	2010-12-31	$865,706
Total plan assets at beginning of year	2010-12-31	$1,016,876
Value of fidelity bond covering the plan	2010-12-31	$5,000,000
Other income received	2010-12-31	$53,049
Net income (gross income less expenses)	2010-12-31	$-151,170
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$865,706
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,016,876

Form 5500 Responses for PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA

2022: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PROFIT SHARING PLAN OF PREMIER BANK MINNESOTA 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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:	PREMIER BANK MINNESOTA
Employer identification number (EIN):	411677555
NAIC Classification:	522110
NAIC Description:	Commercial Banking