401k Plan data: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN plan

FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN
Plan identification number	002

FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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 OF CRYSTAL FALLS has sponsored the creation of one or more 401k plans.

Company Name: FIRST NATIONAL BANK OF CRYSTAL FALLS

Employer identification number (EIN): 380455606

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 LAURA REID 2017-06-21 LAURA REID 2017-06-21
002 2016-01-01 LAURA REID 2017-03-06 LAURA REID 2017-03-06
002 2015-01-01 LAURA REID 2016-05-02 LAURA REID 2016-05-02
002 2014-01-01 PATRICIA BUTLER 2015-05-13 PATRICIA BUTLER 2015-05-13
002 2013-01-01 PATRICIA BUTLER 2014-07-15 PATRICIA BUTLER 2014-07-15
002 2012-01-01 PATRICIA BUTLER 2013-09-12 PATRICIA BUTLER 2013-09-12
002 2011-01-01 PATRICIA BUTLER
002 2009-01-01 PATRICIA A. BUTLER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2017-01-01	LAURA REID	2017-06-21	LAURA REID	2017-06-21
002	2016-01-01	LAURA REID	2017-03-06	LAURA REID	2017-03-06
002	2015-01-01	LAURA REID	2016-05-02	LAURA REID	2016-05-02
002	2014-01-01	PATRICIA BUTLER	2015-05-13	PATRICIA BUTLER	2015-05-13
002	2013-01-01	PATRICIA BUTLER	2014-07-15	PATRICIA BUTLER	2014-07-15
002	2012-01-01	PATRICIA BUTLER	2013-09-12	PATRICIA BUTLER	2013-09-12
002	2011-01-01	PATRICIA BUTLER
002	2009-01-01	PATRICIA A. BUTLER

Plan Statistics for FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN

Measure Date Value
2011: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 29
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 19
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 7
Total of all active and inactive participants 2011-01-01 26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 26
Number of participants with account balances 2011-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 26
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 23
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 27
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 27
Number of participants with account balances 2009-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	29
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	19
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	7
Total of all active and inactive participants	2011-01-01	26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	26
Number of participants with account balances	2011-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	26
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	23
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	27
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	27
Number of participants with account balances	2009-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2011 : FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total income from all sources	2011-12-31	$21,928
Expenses. Total of all expenses incurred	2011-12-31	$23,694
Benefits paid (including direct rollovers)	2011-12-31	$23,662
Total plan assets at end of year	2011-12-31	$2,053,573
Total plan assets at beginning of year	2011-12-31	$2,055,339
Value of fidelity bond covering the plan	2011-12-31	$200,000
Total contributions received or receivable from participants	2011-12-31	$38,994
Expenses. Other expenses not covered elsewhere	2011-12-31	$32
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$-34,092
Net income (gross income less expenses)	2011-12-31	$-1,766
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,053,573
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,055,339
Assets. Value of participant loans	2011-12-31	$44,937
Total contributions received or receivable from employer(s)	2011-12-31	$17,026
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2011-12-31	$0
Minimum employer required contribution for this plan year	2011-12-31	$0
Amount contributed by the employer to the plan for this plan year	2011-12-31	$0
2009 : FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year	2009-12-31	$0
Minimum employer required contribution for this plan year	2009-12-31	$0
Amount contributed by the employer to the plan for this plan year	2009-12-31	$0

Form 5500 Responses for FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN

2011: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2009: FIRST NATIONAL BANK OF CRYSTAL FALLS 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-029953

Policy instance

Insurance contract or identification number	GA-029953
Number of Individuals Covered	26
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $4,969
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	FIRST NATIONAL BANK OF CRYSTAL FALLS
Employer identification number (EIN):	380455606
NAIC Classification:	522110
NAIC Description:	Commercial Banking