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RIVERSTONE BANK 401(K) PLAN 401k Plan overview

Plan NameRIVERSTONE BANK 401(K) PLAN
Plan identification number 001

RIVERSTONE BANK 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:RIVERSTONE BANK
Employer identification number (EIN):470098320
NAIC Classification:525990
NAIC Description:Other Financial Vehicles

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RIVERSTONE BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012023-01-01RICHARD TUGGLE
0012022-01-01
0012022-01-01RICHARD TUGGLE
0012021-01-01
0012021-01-01RICHARD TUGGLE

Financial Data on RIVERSTONE BANK 401(K) PLAN

Measure Date Value
2025 : RIVERSTONE BANK 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-13564943
Net assets as of the end of the plan year2025-06-139843142
Total assets as of the beginning of the plan year2025-06-138732544
Value of plan covered by a fidelity bond2025-06-133500000
Participant contributions to plan in this plan year2025-06-13351879
Other contributions to plan in this plan year2025-06-13226600
Other income to plan in this plan year2025-06-13886308
Plan net income in this plan year2025-06-131110598
Net assets as of the end of the plan year2025-06-139843142
Net assets as of the beginning of the plan year2025-06-138732544
Employer contributions to plan in this plan year2025-06-13210754
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-1310600
2023 : RIVERSTONE BANK 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$1,645,503
Expenses. Total of all expenses incurred2023-12-31$690,254
Benefits paid (including direct rollovers)2023-12-31$679,930
Total plan assets at end of year2023-12-31$8,732,544
Total plan assets at beginning of year2023-12-31$7,777,295
Value of fidelity bond covering the plan2023-12-31$3,500,000
Total contributions received or receivable from participants2023-12-31$358,982
Contributions received from other sources (not participants or employers)2023-12-31$221,046
Other income received2023-12-31$903,191
Net income (gross income less expenses)2023-12-31$955,249
Net plan assets at end of year (total assets less liabilities)2023-12-31$8,732,544
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$7,777,295
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$12,397
Total contributions received or receivable from employer(s)2023-12-31$162,284
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$10,324
2022 : RIVERSTONE BANK 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-331,947
Expenses. Total of all expenses incurred2022-12-31$4,123,704
Benefits paid (including direct rollovers)2022-12-31$4,089,033
Total plan assets at end of year2022-12-31$7,777,295
Total plan assets at beginning of year2022-12-31$12,232,946
Value of fidelity bond covering the plan2022-12-31$3,500,000
Total contributions received or receivable from participants2022-12-31$353,275
Contributions received from other sources (not participants or employers)2022-12-31$216,795
Other income received2022-12-31$-993,481
Net income (gross income less expenses)2022-12-31$-4,455,651
Net plan assets at end of year (total assets less liabilities)2022-12-31$7,777,295
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$12,232,946
Assets. Value of assets in partnership/joint-venture interests2022-12-31$12,060
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$33,818
Total contributions received or receivable from employer(s)2022-12-31$91,464
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$34,671
2021 : RIVERSTONE BANK 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$1,505,064
Expenses. Total of all expenses incurred2021-12-31$928,947
Benefits paid (including direct rollovers)2021-12-31$899,886
Total plan assets at end of year2021-12-31$12,232,946
Total plan assets at beginning of year2021-12-31$11,656,829
Value of fidelity bond covering the plan2021-12-31$3,500,000
Total contributions received or receivable from participants2021-12-31$293,503
Contributions received from other sources (not participants or employers)2021-12-31$12,488
Other income received2021-12-31$1,199,073
Net income (gross income less expenses)2021-12-31$576,117
Net plan assets at end of year (total assets less liabilities)2021-12-31$12,232,946
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$11,656,829
Assets. Value of assets in partnership/joint-venture interests2021-12-31$29,556
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$21,421
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$29,061
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for RIVERSTONE BANK 401(K) PLAN

2023: RIVERSTONE BANK 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: RIVERSTONE BANK 401(K) PLAN 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 filingNo
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: RIVERSTONE BANK 401(K) PLAN 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

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberR00342
Policy instance 1
Insurance contract or identification numberR00342
Number of Individuals Covered19
Insurance policy start date2023-09-11
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
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 planNo
Contracts With Unallocated Funds Deposit Administration0
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 BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
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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