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BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameBUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN
Plan identification number 001

BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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.
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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.
  • 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

BUCKEYE STATE BANK has sponsored the creation of one or more 401k plans.

Company Name:BUCKEYE STATE BANK
Employer identification number (EIN):344204810
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01DON FOSTER2016-09-13
0012014-01-01PHILIP W. KINLEY2015-05-19
0012013-10-01PHIL KINLEY
0012012-10-01MICHAEL CONRAD
0012011-10-01MICHAEL L. WALLACE
0012009-10-01MICHAEL L. WALLACE

Plan Statistics for BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN

Measure Date Value
2018: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0127
Total number of active participants reported on line 7a of the Form 55002018-01-0123
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0114
Total of all active and inactive participants2018-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0137
Number of participants with account balances2018-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0127
Total number of active participants reported on line 7a of the Form 55002017-01-0118
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-019
Total of all active and inactive participants2017-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0127
Number of participants with account balances2017-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0112
Total number of active participants reported on line 7a of the Form 55002016-01-0119
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-018
Total of all active and inactive participants2016-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0127
Number of participants with account balances2016-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2013: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-10-016
Total number of active participants reported on line 7a of the Form 55002013-10-010
Number of retired or separated participants receiving benefits2013-10-010
Number of other retired or separated participants entitled to future benefits2013-10-010
Total of all active and inactive participants2013-10-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-10-010
Total participants2013-10-010
2012: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-10-017
Total number of active participants reported on line 7a of the Form 55002012-10-016
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-010
Total of all active and inactive participants2012-10-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-010
Total participants2012-10-016
2011: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-10-019
Total number of active participants reported on line 7a of the Form 55002011-10-017
Number of retired or separated participants receiving benefits2011-10-010
Number of other retired or separated participants entitled to future benefits2011-10-011
Total of all active and inactive participants2011-10-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-10-010
Total participants2011-10-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-10-010
2009: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-10-0111
Total number of active participants reported on line 7a of the Form 55002009-10-019
Number of retired or separated participants receiving benefits2009-10-010
Number of other retired or separated participants entitled to future benefits2009-10-010
Total of all active and inactive participants2009-10-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-010

Financial Data on BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN

Measure Date Value
2018 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$298,079
Expenses. Total of all expenses incurred2018-12-31$59,898
Benefits paid (including direct rollovers)2018-12-31$58,803
Total plan assets at end of year2018-12-31$564,011
Total plan assets at beginning of year2018-12-31$325,830
Value of fidelity bond covering the plan2018-12-31$1,500,000
Total contributions received or receivable from participants2018-12-31$57,239
Contributions received from other sources (not participants or employers)2018-12-31$66,178
Other income received2018-12-31$28,572
Net income (gross income less expenses)2018-12-31$238,181
Net plan assets at end of year (total assets less liabilities)2018-12-31$564,011
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$325,830
Assets. Value of employer securities2018-12-31$367,546
Total contributions received or receivable from employer(s)2018-12-31$146,090
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,095
2017 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total income from all sources2017-12-31$178,300
Expenses. Total of all expenses incurred2017-12-31$42,359
Benefits paid (including direct rollovers)2017-12-31$41,486
Total plan assets at end of year2017-12-31$325,830
Total plan assets at beginning of year2017-12-31$189,889
Value of fidelity bond covering the plan2017-12-31$1,500,000
Total contributions received or receivable from participants2017-12-31$41,061
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$23,544
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$135,941
Net plan assets at end of year (total assets less liabilities)2017-12-31$325,830
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$189,889
Assets. Value of employer securities2017-12-31$150,231
Total contributions received or receivable from employer(s)2017-12-31$113,695
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$873
2016 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total income from all sources2016-12-31$93,549
Expenses. Total of all expenses incurred2016-12-31$15,718
Benefits paid (including direct rollovers)2016-12-31$15,021
Total plan assets at end of year2016-12-31$189,889
Total plan assets at beginning of year2016-12-31$112,058
Value of fidelity bond covering the plan2016-12-31$1,500,000
Total contributions received or receivable from participants2016-12-31$60,451
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$5,113
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$77,831
Net plan assets at end of year (total assets less liabilities)2016-12-31$189,889
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$112,058
Assets. Value of employer securities2016-12-31$15,039
Total contributions received or receivable from employer(s)2016-12-31$27,985
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$697
2013 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-09-30$0
Funding deficiency by the employer to the plan for this plan year2013-09-30$0
Minimum employer required contribution for this plan year2013-09-30$0
Amount contributed by the employer to the plan for this plan year2013-09-30$0
2012 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-09-30$0
Funding deficiency by the employer to the plan for this plan year2012-09-30$0
Minimum employer required contribution for this plan year2012-09-30$0
Amount contributed by the employer to the plan for this plan year2012-09-30$0
2011 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-09-30$0
Funding deficiency by the employer to the plan for this plan year2011-09-30$0
Minimum employer required contribution for this plan year2011-09-30$0
Amount contributed by the employer to the plan for this plan year2011-09-30$0
2010 : BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-09-30$0
Funding deficiency by the employer to the plan for this plan year2010-09-30$0
Minimum employer required contribution for this plan year2010-09-30$0
Amount contributed by the employer to the plan for this plan year2010-09-30$0

Form 5500 Responses for BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN

2018: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2013: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01This submission is the final filingYes
2013-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-10-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2013-10-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2012: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2012-10-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2011: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2011-10-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes
2009: BUCKEYE STATE BANK 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Plan funding arrangement – Section 412(e)(3) insurance ContractsYes
2009-10-01Plan benefit arrangement – Section 412(e)(3) insurance ContractsYes

Insurance Providers Used on plan

AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract numberE658881
Policy instance 1
Insurance contract or identification numberE658881
Number of Individuals Covered37
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $130
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $130
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?0
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number632012
Policy instance 2
Insurance contract or identification number632012
Number of Individuals Covered21
Insurance policy start date2018-01-01
Insurance policy end date2018-05-04
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $102
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees85
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?0
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number632012
Policy instance 1
Insurance contract or identification number632012
Number of Individuals Covered17
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $211
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees165
Additional information about fees paid to insurance brokerWHOLESALER SERVICE
Insurance broker organization code?3
Insurance broker nameSWBC INVESTMENT ADVISORY SERVICES
TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )
Policy contract number0020000399
Policy instance 1
Insurance contract or identification number0020000399
Number of Individuals Covered6
Insurance policy start date2012-10-01
Insurance policy end date2013-09-30
Total amount of commissions paid to insurance brokerUSD $1,513
Commission paid to Insurance BrokerUSD $1,513
Insurance broker organization code?3
Insurance broker nameRMG FINANCIAL GROUP
TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )
Policy contract number0020000399
Policy instance 1
Insurance contract or identification number0020000399
Number of Individuals Covered8
Insurance policy start date2011-10-01
Insurance policy end date2012-09-30
TRANSAMERICA LIFE INSURANCE ANNUITY (National Association of Insurance Commissioners NAIC id number: 69507 )
Policy contract number0020000399
Policy instance 1
Insurance contract or identification number0020000399
Number of Individuals Covered8
Insurance policy start date2010-10-01
Insurance policy end date2011-09-30
Total amount of commissions paid to insurance brokerUSD $1,690

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