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CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 401k Plan overview

Plan NameCBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY
Plan identification number 005

CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 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.
  • 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

CBAI 401(K) MULTIPLE EMPLOYER PLAN OVERSIGHT COMMITTEE has sponsored the creation of one or more 401k plans.

Company Name:CBAI 401(K) MULTIPLE EMPLOYER PLAN OVERSIGHT COMMITTEE
Employer identification number (EIN):464093684
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052022-01-01
0052021-01-01
0052020-01-01THAD COWARD2021-10-08

Plan Statistics for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY

401k plan membership statisitcs for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY

Measure Date Value
2022: CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2022 401k membership
Total participants, beginning-of-year2022-01-01124
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2021 401k membership
Total participants, beginning-of-year2021-01-01128
Total number of active participants reported on line 7a of the Form 55002021-01-01105
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0119
Total of all active and inactive participants2021-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01124
Number of participants with account balances2021-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013

Financial Data on CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY

Measure Date Value
2022 : CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets from this plan2022-12-31$5,318,516
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$434
Total income from all sources (including contributions)2022-12-31$-268,346
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,203,261
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,176,133
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$739,074
Value of total assets at end of year2022-12-31$0
Value of total assets at beginning of year2022-12-31$6,790,557
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$27,128
Total interest from all sources2022-12-31$1,410
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$160,358
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$160,358
Administrative expenses professional fees incurred2022-12-31$27,128
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$467,718
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$14,619
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$50,556
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$162
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$29,257
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$434
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,471,607
Value of net assets at end of year (total assets less liabilities)2022-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,790,123
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$3,561,474
Interest on participant loans2022-12-31$1,410
Value of interest in common/collective trusts at end of year2022-12-31$0
Value of interest in common/collective trusts at beginning of year2022-12-31$3,176,874
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-677,944
Net investment gain or loss from common/collective trusts2022-12-31$-491,244
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$220,800
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$8,171
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,176,133
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31Yes
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PLANCHECK CPAS LLC
Accountancy firm EIN2022-12-31842614035
2021 : CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$434
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,677,611
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$230,845
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$205,169
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$732,609
Value of total assets at end of year2021-12-31$6,790,557
Value of total assets at beginning of year2021-12-31$5,343,357
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$25,676
Total interest from all sources2021-12-31$1,396
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$248,460
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$248,460
Administrative expenses professional fees incurred2021-12-31$25,676
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$456,651
Participant contributions at end of year2021-12-31$14,619
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$39,437
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$162
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Assets. Loans (other than to participants) at end of year2021-12-31$29,257
Assets. Loans (other than to participants) at beginning of year2021-12-31$25,689
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$434
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,446,766
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,790,123
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$5,343,357
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$3,561,474
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,015,872
Interest on participant loans2021-12-31$1,392
Value of interest in common/collective trusts at end of year2021-12-31$3,176,874
Value of interest in common/collective trusts at beginning of year2021-12-31$2,301,796
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$4
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$342,762
Net investment gain or loss from common/collective trusts2021-12-31$352,384
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$236,521
Employer contributions (assets) at end of year2021-12-31$8,171
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$205,169
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PLANCHECK CPAS LLC
Accountancy firm EIN2021-12-31842614035

Form 5500 Responses for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY

2022: CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY SAUK VALLEY BANK & TRUST COMPANY 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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