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EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. 401k Plan overview

Plan NameEMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.
Plan identification number 001

EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

LAKE SHORE SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name:LAKE SHORE SAVINGS BANK
Employer identification number (EIN):150516470
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01DANIEL REININGA

Plan Statistics for EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.

401k plan membership statisitcs for EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.

Measure Date Value
2010: EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. 2010 401k membership
Total participants, beginning-of-year2010-01-01104
Total number of active participants reported on line 7a of the Form 55002010-01-0188
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0120
Total of all active and inactive participants2010-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01108
Number of participants with account balances2010-01-0196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.

Measure Date Value
2010 : EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. 2010 401k financial data
Total plan liabilities at end of year2010-12-31$313,140
Total plan liabilities at beginning of year2010-12-31$595,308
Total income from all sources2010-12-31$415,169
Expenses. Total of all expenses incurred2010-12-31$1,720
Benefits paid (including direct rollovers)2010-12-31$1,720
Total plan assets at end of year2010-12-31$378,710
Total plan assets at beginning of year2010-12-31$247,429
Value of fidelity bond covering the plan2010-12-31$1,000,000
Other income received2010-12-31$341,929
Net income (gross income less expenses)2010-12-31$413,449
Net plan assets at end of year (total assets less liabilities)2010-12-31$65,570
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$-347,879
Assets. Value of employer securities2010-12-31$361,966
Total contributions received or receivable from employer(s)2010-12-31$73,240
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC.

2010: EMPLOYEE STOCK OWNERSHIP PLAN OF LAKESHORE BANCORP, INC. 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

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