401k Plan data: OLMSTED NATIONAL BANK SECTION 401K PLAN plan

OLMSTED NATIONAL BANK SECTION 401K PLAN 401k Plan overview

Plan Name	OLMSTED NATIONAL BANK SECTION 401K PLAN
Plan identification number	001

OLMSTED NATIONAL BANK SECTION 401K 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Company Name: OLMSTED NATIONAL BANK

Employer identification number (EIN): 411826950

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OLMSTED NATIONAL BANK SECTION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 JOAN GIEFER 2017-07-12
001 2014-01-01 BRAD BECKER 2015-07-21
001 2013-01-01 BRAD BECKER 2014-07-22
001 2012-01-01 JOSEPH TAPP 2013-07-18
001 2011-01-01 JOSEPH TAPP
001 2010-01-01 JOSEPH TAPP
001 2009-01-01 JOSEPH TAPP

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2015-01-01	JOAN GIEFER	2017-07-12
001	2014-01-01	BRAD BECKER	2015-07-21
001	2013-01-01	BRAD BECKER	2014-07-22
001	2012-01-01	JOSEPH TAPP	2013-07-18
001	2011-01-01	JOSEPH TAPP
001	2010-01-01	JOSEPH TAPP
001	2009-01-01	JOSEPH TAPP

Plan Statistics for OLMSTED NATIONAL BANK SECTION 401K PLAN

401k plan membership statisitcs for OLMSTED NATIONAL BANK SECTION 401K PLAN

Measure Date Value
2011: OLMSTED NATIONAL BANK SECTION 401K PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 15
Number of other retired or separated participants entitled to future benefits 2011-01-01 6
Total of all active and inactive participants 2011-01-01 21
Total participants 2011-01-01 21
Number of participants with account balances 2011-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: OLMSTED NATIONAL BANK SECTION 401K PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 20
Number of other retired or separated participants entitled to future benefits 2010-01-01 2
Total of all active and inactive participants 2010-01-01 22
Total participants 2010-01-01 22
Number of participants with account balances 2010-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: OLMSTED NATIONAL BANK SECTION 401K PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 14
Number of other retired or separated participants entitled to future benefits 2009-01-01 2
Total of all active and inactive participants 2009-01-01 16
Total participants 2009-01-01 16
Number of participants with account balances 2009-01-01 14
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: OLMSTED NATIONAL BANK SECTION 401K PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	15
Number of other retired or separated participants entitled to future benefits	2011-01-01	6
Total of all active and inactive participants	2011-01-01	21
Total participants	2011-01-01	21
Number of participants with account balances	2011-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: OLMSTED NATIONAL BANK SECTION 401K PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	20
Number of other retired or separated participants entitled to future benefits	2010-01-01	2
Total of all active and inactive participants	2010-01-01	22
Total participants	2010-01-01	22
Number of participants with account balances	2010-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: OLMSTED NATIONAL BANK SECTION 401K PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	14
Number of other retired or separated participants entitled to future benefits	2009-01-01	2
Total of all active and inactive participants	2009-01-01	16
Total participants	2009-01-01	16
Number of participants with account balances	2009-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on OLMSTED NATIONAL BANK SECTION 401K PLAN

Measure	Date	Value
2011 : OLMSTED NATIONAL BANK SECTION 401K PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$89,292
Expenses. Total of all expenses incurred	2011-12-31	$23,301
Benefits paid (including direct rollovers)	2011-12-31	$23,301
Total plan assets at end of year	2011-12-31	$430,267
Total plan assets at beginning of year	2011-12-31	$364,276
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$56,904
Other income received	2011-12-31	$-385
Net income (gross income less expenses)	2011-12-31	$65,991
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$430,267
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$364,276
Assets. Value of participant loans	2011-12-31	$3,986
Total contributions received or receivable from employer(s)	2011-12-31	$32,773
2010 : OLMSTED NATIONAL BANK SECTION 401K PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$109,859
Expenses. Total of all expenses incurred	2010-12-31	$6,341
Benefits paid (including direct rollovers)	2010-12-31	$6,341
Total plan assets at end of year	2010-12-31	$364,276
Total plan assets at beginning of year	2010-12-31	$260,758
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$44,249
Other income received	2010-12-31	$42,553
Net income (gross income less expenses)	2010-12-31	$103,518
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$364,276
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$260,758
Assets. Value of participant loans	2010-12-31	$9,294
Total contributions received or receivable from employer(s)	2010-12-31	$23,057

Form 5500 Responses for OLMSTED NATIONAL BANK SECTION 401K PLAN

2011: OLMSTED NATIONAL BANK SECTION 401K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: OLMSTED NATIONAL BANK SECTION 401K PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: OLMSTED NATIONAL BANK SECTION 401K PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	OLMSTED NATIONAL BANK
Employer identification number (EIN):	411826950
NAIC Classification:	522110
NAIC Description:	Commercial Banking