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FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameFIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

FIRST FEDERAL BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL BANK
Employer identification number (EIN):850027713
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01LINDA BROWER LINDA BROWER2010-07-29

Plan Statistics for FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2009: FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01154
Total number of active participants reported on line 7a of the Form 55002009-01-0172
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0141
Total of all active and inactive participants2009-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01113
Number of participants with account balances2009-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-015

Financial Data on FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2010 : FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-16$0
Total transfer of assets from this plan2010-12-16$1,147,314
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-16$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-16$0
Total income from all sources (including contributions)2010-12-16$73,178
Total loss/gain on sale of assets2010-12-16$0
Total of all expenses incurred2010-12-16$85,470
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-16$70,209
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-16$0
Value of total assets at end of year2010-12-16$0
Value of total assets at beginning of year2010-12-16$1,159,606
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-16$15,261
Total interest from all sources2010-12-16$128
Total dividends received (eg from common stock, registered investment company shares)2010-12-16$8,156
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-16Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-16$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-16$8,156
Administrative expenses professional fees incurred2010-12-16$10,552
Was this plan covered by a fidelity bond2010-12-16Yes
Value of fidelity bond cover2010-12-16$1,000,000
If this is an individual account plan, was there a blackout period2010-12-16Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-16$0
Were there any nonexempt tranactions with any party-in-interest2010-12-16No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-16No
Value of net income/loss2010-12-16$-12,292
Value of net assets at end of year (total assets less liabilities)2010-12-16$0
Value of net assets at beginning of year (total assets less liabilities)2010-12-16$1,159,606
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-16No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-16No
Were any leases to which the plan was party in default or uncollectible2010-12-16No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-16$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-16$633,717
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-16$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-16$525,889
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-16$525,889
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-16$128
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-16$64,894
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-16No
Was there a failure to transmit to the plan any participant contributions2010-12-16No
Has the plan failed to provide any benefit when due under the plan2010-12-16No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-16$70,209
Contract administrator fees2010-12-16$4,709
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-16Yes
Did the plan have assets held for investment2010-12-16No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-16No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-16Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-16No
Opinion of an independent qualified public accountant for this plan2010-12-16Unqualified
Accountancy firm name2010-12-16MOSS ADAMS LLP
Accountancy firm EIN2010-12-16910189318
2009 : FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND 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 FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

2009: FIRST FEDERAL BANK RESTATED 401(K) PROFIT SHARING PLAN AND 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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