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BYRON BANK 401K RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameBYRON BANK 401K RETIREMENT SAVINGS PLAN
Plan identification number 001

BYRON BANK 401K RETIREMENT 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:BYRON BANK
Employer identification number (EIN):383565674
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BYRON BANK 401K RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01LORI GWIZDALA
0012009-01-01LORI GWIZDALA

Plan Statistics for BYRON BANK 401K RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for BYRON BANK 401K RETIREMENT SAVINGS PLAN

Measure Date Value
2010: BYRON BANK 401K RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01272
Total number of active participants reported on line 7a of the Form 55002010-01-010
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-010
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: BYRON BANK 401K RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01261
Total number of active participants reported on line 7a of the Form 55002009-01-01240
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0130
Total of all active and inactive participants2009-01-01270
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01270
Number of participants with account balances2009-01-01232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on BYRON BANK 401K RETIREMENT SAVINGS PLAN

Measure Date Value
2010 : BYRON BANK 401K RETIREMENT SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-06-25$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-06-25$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-06-25$0
Total income from all sources (including contributions)2010-06-25$318,265
Total loss/gain on sale of assets2010-06-25$0
Total of all expenses incurred2010-06-25$8,557,819
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-06-25$8,554,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-06-25$369,445
Value of total assets at end of year2010-06-25$0
Value of total assets at beginning of year2010-06-25$8,239,554
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-06-25$3,652
Total interest from all sources2010-06-25$4,231
Total dividends received (eg from common stock, registered investment company shares)2010-06-25$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-06-25Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-06-25$0
Was this plan covered by a fidelity bond2010-06-25Yes
Value of fidelity bond cover2010-06-25$1,000,000
If this is an individual account plan, was there a blackout period2010-06-25No
Were there any nonexempt tranactions with any party-in-interest2010-06-25No
Contributions received from participants2010-06-25$234,499
Participant contributions at end of year2010-06-25$0
Participant contributions at beginning of year2010-06-25$166,988
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-06-25No
Value of net income/loss2010-06-25$-8,239,554
Value of net assets at end of year (total assets less liabilities)2010-06-25$0
Value of net assets at beginning of year (total assets less liabilities)2010-06-25$8,239,554
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-06-25No
Were any loans by the plan or fixed income obligations due to the plan in default2010-06-25No
Were any leases to which the plan was party in default or uncollectible2010-06-25No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-06-25$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-06-25$8,072,566
Interest on participant loans2010-06-25$4,231
Net investment gain/loss from pooled separate accounts2010-06-25$-55,411
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-06-25No
Was there a failure to transmit to the plan any participant contributions2010-06-25No
Has the plan failed to provide any benefit when due under the plan2010-06-25No
Contributions received in cash from employer2010-06-25$134,946
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-06-25$8,554,167
Contract administrator fees2010-06-25$3,652
Did the plan have assets held for investment2010-06-25No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-06-25No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-06-25Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-06-25Yes
Opinion of an independent qualified public accountant for this plan2010-06-25Disclaimer
Accountancy firm name2010-06-25PLANTE & MORAN PLLC
Accountancy firm EIN2010-06-25381357951

Form 5500 Responses for BYRON BANK 401K RETIREMENT SAVINGS PLAN

2010: BYRON BANK 401K RETIREMENT 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 filingYes
2010-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BYRON BANK 401K RETIREMENT 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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