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IOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT PLAN 401k Plan overview

Plan NameIOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT PLAN
Plan identification number 001

IOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

IOWA STATE BANK & TRUST CO. has sponsored the creation of one or more 401k plans.

Company Name:IOWA STATE BANK & TRUST CO.
Employer identification number (EIN):420335347
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-12-31DAVID EASTBURN2023-12-15 DAVID EASTBURN2023-12-15
0012021-12-31DAVID EASTBURN2023-05-24 DAVID EASTBURN2023-06-08
0012020-12-31DAVID EASTBURN2022-10-12 DAVID EASTBURN2022-10-12
0012019-12-31DAVID EASTBURN2021-03-02 DAVID EASTBURN2021-03-02
0012018-12-31DAVID EASTBURN2020-07-02 DAVID EASTBURN2020-07-02
0012017-12-31DAVID EASTBURN2019-06-05 DAVID EASTBURN2019-06-05
0012016-12-31DAVID EASTBURN2018-06-18 DAVID EASTBURN2018-06-18
0012015-12-31DAVID EASTBURN2017-06-15 DAVID EASTBURN2017-06-15
0012014-12-31DAVID EASTBURN2016-07-05 DAVID EASTBURN2016-07-05
0012013-12-31DAVID EASTBURN2015-06-12 DAVID EASTBURN2015-06-12
0012012-12-31DAVID EASTBURN2014-03-13 DAVID EASTBURN2014-03-13
0012011-12-31DAVID EASTBURN2013-06-17 DAVID EASTBURN2013-06-17

Financial Data on IOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT PLAN

Measure Date Value
2011 : IOWA STATE BANK & TRUST COMPANY DEFINED BENEFIT PLAN 2011 401k financial data
Transfers to/from the plan2011-12-30$0
Total plan liabilities at end of year2011-12-30$0
Total plan liabilities at beginning of year2011-12-30$0
Total income from all sources2011-12-30$153,940
Expenses. Total of all expenses incurred2011-12-30$219,103
Benefits paid (including direct rollovers)2011-12-30$201,102
Total plan assets at end of year2011-12-30$1,656,423
Total plan assets at beginning of year2011-12-30$1,721,586
Value of fidelity bond covering the plan2011-12-30$2,275,000
Total contributions received or receivable from participants2011-12-30$0
Expenses. Other expenses not covered elsewhere2011-12-30$0
Contributions received from other sources (not participants or employers)2011-12-30$0
Other income received2011-12-30$118,673
Noncash contributions received2011-12-30$0
Net income (gross income less expenses)2011-12-30$-65,163
Net plan assets at end of year (total assets less liabilities)2011-12-30$1,656,423
Net plan assets at beginning of year (total assets less liabilities)2011-12-30$1,721,586
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 year2011-12-30$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2011-12-30$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-12-30$0
Total contributions received or receivable from employer(s)2011-12-30$35,267
Value of certain deemed distributions of participant loans2011-12-30$0
Value of corrective distributions2011-12-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-30$18,001
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-30$0

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number435828
Policy instance 1

Potentially related plans

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