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FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameFIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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

FIRST NATIONAL BANK, CORTEZ has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK, CORTEZ
Employer identification number (EIN):840475761
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA SPARKS2024-03-25
0012022-01-01LISA SPARKS2023-08-18
0012021-01-01LISA SPARKS2022-10-05
0012020-01-01LISA SPARKS2021-10-01
0012019-01-01AMIE ARCHIBEQUE2020-06-04
0012018-01-01AMIE ARCHIBEQUE2019-04-01
0012017-01-01AMIE ARCHIBEQUE2018-05-31
0012016-01-01MARSHA CHAFFIN2017-04-21
0012015-01-01BYRON MAYNES2016-02-23
0012014-01-01BYRON MAYNES2015-07-14
0012013-01-01BYRON MAYNES2014-06-02
0012012-01-01BYRON MAYNES2013-05-29
0012011-01-01BYRON MAYNES2012-09-27
0012010-01-01TINA FETZER
0012009-01-01JUDY MARQUEZ

Plan Statistics for FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2010: FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0136
Total number of active participants reported on line 7a of the Form 55002010-01-0124
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0111
Total of all active and inactive participants2010-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0135
Number of participants with account balances2010-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0140
Total number of active participants reported on line 7a of the Form 55002009-01-0122
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0112
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 balances2009-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2010 : FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$141,055
Expenses. Total of all expenses incurred2010-12-31$413,957
Benefits paid (including direct rollovers)2010-12-31$413,957
Total plan assets at end of year2010-12-31$486,631
Total plan assets at beginning of year2010-12-31$759,533
Value of fidelity bond covering the plan2010-12-31$3,000,000
Total contributions received or receivable from participants2010-12-31$54,324
Contributions received from other sources (not participants or employers)2010-12-31$877
Other income received2010-12-31$54,010
Net income (gross income less expenses)2010-12-31$-272,902
Net plan assets at end of year (total assets less liabilities)2010-12-31$486,631
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$759,533
Assets. Value of participant loans2010-12-31$60,478
Total contributions received or receivable from employer(s)2010-12-31$31,844
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST

2010: FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: FIRST NATIONAL BANK, CORTEZ 401(K) PROFIT SHARING PLAN & TRUST 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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