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BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 401k Plan overview

Plan NameBOGOTA SAVINGS BANK 401(K) SAVINGS PLAN
Plan identification number 001

BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:BOGOTA SAVINGS BANK
Employer identification number (EIN):220780560
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01KEVIN PACE
0012023-01-01
0012023-01-01MATTHEW LANGER
0012022-01-01
0012022-01-01JOSSEPH COCCARO
0012021-01-01
0012021-01-01JOSEPH COCCARO
0012020-01-01JOSEPH COCCARO2021-07-29 JOSEPH COCCARO2021-07-29
0012019-01-01JOSEPH COCCARO2020-07-28
0012018-01-01JOSEPH COCCARO2019-07-23 JOSEPH COCCARO2019-07-23
0012017-01-01JOSEPH COCCARO2019-07-23 JOSEPH COCCARO2019-07-23
0012016-01-01JOSEPH COCCARO2019-07-23 JOSEPH COCCARO2019-07-23
0012015-01-01JOSEPH COCCARO2019-07-23 JOSEPH COCCARO2019-07-23
0012014-01-01JOSEPH COCCARO2015-07-24
0012013-01-01JOSEPH COCCARO
0012012-01-01JOSEPH COCCARO
0012011-01-01JOSEPH COCCARO
0012010-01-01JOSEPH COCCARO
0012009-01-01JOSEPH COCCARO JOSEPH COCCARO2010-10-06

Financial Data on BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN

Measure Date Value
2024 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2024 401k financial data
Transfers to/from the plan2024-01-01$0
Total plan liabilities at end of year2024-01-01$0
Total plan liabilities at beginning of year2024-01-01$0
Total income from all sources2024-01-01$1,983,767
Expenses. Total of all expenses incurred2024-01-01$523,713
Benefits paid (including direct rollovers)2024-01-01$482,714
Total plan assets at end of year2024-01-01$9,444,378
Total plan assets at beginning of year2024-01-01$7,984,324
Value of fidelity bond covering the plan2024-01-01$6,000,000
Total contributions received or receivable from participants2024-01-01$381,130
Expenses. Other expenses not covered elsewhere2024-01-01$0
Contributions received from other sources (not participants or employers)2024-01-01$175,019
Other income received2024-01-01$1,014,399
Noncash contributions received2024-01-01$0
Net income (gross income less expenses)2024-01-01$1,460,054
Net plan assets at end of year (total assets less liabilities)2024-01-01$9,444,378
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$7,984,324
Assets. Value of participant loans2024-01-01$203,947
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2024-01-01$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2024-01-01$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022024-01-01$0
Assets. Value of employer securities2024-01-01$478,770
Total contributions received or receivable from employer(s)2024-01-01$413,219
Value of certain deemed distributions of participant loans2024-01-01$0
Value of corrective distributions2024-01-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$40,999
2023 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,704,927
Expenses. Total of all expenses incurred2023-12-31$286,233
Benefits paid (including direct rollovers)2023-12-31$246,608
Total plan assets at end of year2023-12-31$7,984,324
Total plan assets at beginning of year2023-12-31$6,565,630
Value of fidelity bond covering the plan2023-12-31$6,000,000
Total contributions received or receivable from participants2023-12-31$409,182
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$4,875
Other income received2023-12-31$875,539
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$1,418,694
Net plan assets at end of year (total assets less liabilities)2023-12-31$7,984,324
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$6,565,630
Assets. Value of participant loans2023-12-31$145,260
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2023-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$0
Assets. Value of employer securities2023-12-31$510,819
Total contributions received or receivable from employer(s)2023-12-31$415,331
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$39,625
2022 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-442,836
Expenses. Total of all expenses incurred2022-12-31$531,594
Benefits paid (including direct rollovers)2022-12-31$493,211
Total plan assets at end of year2022-12-31$6,565,630
Total plan assets at beginning of year2022-12-31$7,540,060
Value of fidelity bond covering the plan2022-12-31$6,000,000
Total contributions received or receivable from participants2022-12-31$373,749
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,194,384
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-974,430
Net plan assets at end of year (total assets less liabilities)2022-12-31$6,565,630
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$7,540,060
Assets. Value of participant loans2022-12-31$66,431
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2022-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Assets. Value of employer securities2022-12-31$604,945
Total contributions received or receivable from employer(s)2022-12-31$377,799
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$38,383
2021 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$684,009
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,646,460
Expenses. Total of all expenses incurred2021-12-31$385,499
Benefits paid (including direct rollovers)2021-12-31$351,738
Total plan assets at end of year2021-12-31$7,540,060
Total plan assets at beginning of year2021-12-31$5,595,090
Value of fidelity bond covering the plan2021-12-31$6,000,000
Total contributions received or receivable from participants2021-12-31$338,139
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$34,939
Other income received2021-12-31$902,464
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,260,961
Net plan assets at end of year (total assets less liabilities)2021-12-31$7,540,060
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,595,090
Assets. Value of participant loans2021-12-31$54,456
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2021-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$537,772
Total contributions received or receivable from employer(s)2021-12-31$370,918
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$33,761
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2013 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2013 401k financial data
Total income from all sources2013-12-31$839,306
Expenses. Total of all expenses incurred2013-12-31$5,358
Benefits paid (including direct rollovers)2013-12-31$597
Total plan assets at end of year2013-12-31$3,172,712
Total plan assets at beginning of year2013-12-31$2,338,764
Value of fidelity bond covering the plan2013-12-31$3,000,000
Total contributions received or receivable from participants2013-12-31$183,713
Expenses. Other expenses not covered elsewhere2013-12-31$10
Other income received2013-12-31$469,410
Net income (gross income less expenses)2013-12-31$833,948
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,172,712
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,338,764
Assets. Value of participant loans2013-12-31$60,911
Total contributions received or receivable from employer(s)2013-12-31$186,183
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$4,751
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2012 401k financial data
Total income from all sources2012-12-31$525,223
Expenses. Total of all expenses incurred2012-12-31$4,288
Benefits paid (including direct rollovers)2012-12-31$780
Total plan assets at end of year2012-12-31$2,338,764
Total plan assets at beginning of year2012-12-31$1,817,829
Value of fidelity bond covering the plan2012-12-31$3,500,000
Total contributions received or receivable from participants2012-12-31$162,218
Expenses. Other expenses not covered elsewhere2012-12-31$10
Other income received2012-12-31$196,227
Net income (gross income less expenses)2012-12-31$520,935
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,338,764
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,817,829
Assets. Value of participant loans2012-12-31$57,447
Total contributions received or receivable from employer(s)2012-12-31$166,778
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$3,498
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources2011-12-31$314,376
Expenses. Total of all expenses incurred2011-12-31$6,865
Benefits paid (including direct rollovers)2011-12-31$3,959
Total plan assets at end of year2011-12-31$1,817,829
Total plan assets at beginning of year2011-12-31$1,510,318
Value of fidelity bond covering the plan2011-12-31$3,500,000
Total contributions received or receivable from participants2011-12-31$152,253
Expenses. Other expenses not covered elsewhere2011-12-31$30
Other income received2011-12-31$-404
Net income (gross income less expenses)2011-12-31$307,511
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,817,829
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,510,318
Assets. Value of participant loans2011-12-31$26,505
Total contributions received or receivable from employer(s)2011-12-31$162,527
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,876
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2010 401k financial data
Total income from all sources2010-12-31$414,881
Expenses. Total of all expenses incurred2010-12-31$50,110
Benefits paid (including direct rollovers)2010-12-31$47,878
Total plan assets at end of year2010-12-31$1,510,318
Total plan assets at beginning of year2010-12-31$1,145,547
Value of fidelity bond covering the plan2010-12-31$3,500,000
Total contributions received or receivable from participants2010-12-31$133,433
Other income received2010-12-31$132,778
Net income (gross income less expenses)2010-12-31$364,771
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,510,318
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,145,547
Assets. Value of participant loans2010-12-31$14,166
Total contributions received or receivable from employer(s)2010-12-31$148,670
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,232
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 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 BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN

2023: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2013: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
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: BOGOTA SAVINGS BANK 401(K) SAVINGS PLAN 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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 1
Insurance contract or identification number467968
Number of Individuals Covered85
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 1
Insurance contract or identification number467968
Number of Individuals Covered83
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number467968
Policy instance 1

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