Logo

MAINSTREET BANK 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameMAINSTREET BANK 401(K) RETIREMENT PLAN
Plan identification number 001

MAINSTREET BANK 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:MAINSTREET BANK
Employer identification number (EIN):470914596
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about MAINSTREET BANK

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 2003-03-28
Company Identification Number: 0594034
Legal Registered Office Address: 10089 FAIRFAX BLVD
SUITE 410
FAIRFAX
United States of America (USA)
22030

More information about MAINSTREET BANK

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01THOMAS CHMELIK
0012013-01-01THOMAS CHMELIK
0012012-01-01THOMAS CHMELIK
0012011-01-01THOMAS CHMELIK
0012010-01-01THOMAS CHMELIK
0012009-01-01THOMAS CHMELIK

Plan Statistics for MAINSTREET BANK 401(K) RETIREMENT PLAN

401k plan membership statisitcs for MAINSTREET BANK 401(K) RETIREMENT PLAN

Measure Date Value
2023: MAINSTREET BANK 401(K) RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01184
Total number of active participants reported on line 7a of the Form 55002023-01-01189
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0124
Total of all active and inactive participants2023-01-01213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01213
Number of participants with account balances2023-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: MAINSTREET BANK 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01159
Total number of active participants reported on line 7a of the Form 55002022-01-01165
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0119
Total of all active and inactive participants2022-01-01184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01184
Number of participants with account balances2022-01-01158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MAINSTREET BANK 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01149
Total number of active participants reported on line 7a of the Form 55002021-01-01142
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0122
Total of all active and inactive participants2021-01-01164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01164
Number of participants with account balances2021-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MAINSTREET BANK 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01138
Total number of active participants reported on line 7a of the Form 55002020-01-01127
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0122
Total of all active and inactive participants2020-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01149
Number of participants with account balances2020-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MAINSTREET BANK 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01135
Total number of active participants reported on line 7a of the Form 55002019-01-01123
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0116
Total of all active and inactive participants2019-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01139
Number of participants with account balances2019-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MAINSTREET BANK 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01110
Total number of active participants reported on line 7a of the Form 55002018-01-01123
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0117
Total of all active and inactive participants2018-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01140
Number of participants with account balances2018-01-01122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MAINSTREET BANK 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01105
Total number of active participants reported on line 7a of the Form 55002017-01-0196
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0127
Total of all active and inactive participants2017-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01123
Number of participants with account balances2017-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MAINSTREET BANK 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0196
Total number of active participants reported on line 7a of the Form 55002016-01-0181
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0124
Total of all active and inactive participants2016-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01105
Number of participants with account balances2016-01-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MAINSTREET BANK 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0196
Total number of active participants reported on line 7a of the Form 55002015-01-0175
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0121
Total of all active and inactive participants2015-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0196
Number of participants with account balances2015-01-0182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MAINSTREET BANK 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0171
Total number of active participants reported on line 7a of the Form 55002014-01-0179
Number of retired or separated participants receiving benefits2014-01-0117
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0196
Number of participants with account balances2014-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MAINSTREET BANK 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0173
Total number of active participants reported on line 7a of the Form 55002013-01-0156
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-0171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0171
Number of participants with account balances2013-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MAINSTREET BANK 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0160
Total number of active participants reported on line 7a of the Form 55002012-01-0160
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0113
Total of all active and inactive participants2012-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0173
Number of participants with account balances2012-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MAINSTREET BANK 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0163
Total number of active participants reported on line 7a of the Form 55002011-01-0153
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-017
Total of all active and inactive participants2011-01-0160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0160
Number of participants with account balances2011-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: MAINSTREET BANK 401(K) RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0154
Total number of active participants reported on line 7a of the Form 55002010-01-0153
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0163
Number of participants with account balances2010-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MAINSTREET BANK 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0150
Total number of active participants reported on line 7a of the Form 55002009-01-0142
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0112
Total of all active and inactive participants2009-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0154
Number of participants with account balances2009-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MAINSTREET BANK 401(K) RETIREMENT PLAN

Measure Date Value
2023 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$-652,625
Total unrealized appreciation/depreciation of assets2023-12-31$-652,625
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$4,454,892
Total loss/gain on sale of assets2023-12-31$-78,198
Total of all expenses incurred2023-12-31$1,118,411
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,115,638
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$3,392,232
Value of total assets at end of year2023-12-31$19,964,334
Value of total assets at beginning of year2023-12-31$16,627,853
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$2,773
Total interest from all sources2023-12-31$14,677
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$157,120
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$28,669
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$2,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,624,859
Participant contributions at end of year2023-12-31$192,344
Participant contributions at beginning of year2023-12-31$164,272
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$863,645
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$3,336,481
Value of net assets at end of year (total assets less liabilities)2023-12-31$19,964,334
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$16,627,853
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$2,235,817
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$1,763,251
Value of interest in pooled separate accounts at end of year2023-12-31$71,878
Value of interest in pooled separate accounts at beginning of year2023-12-31$59,314
Interest on participant loans2023-12-31$11,019
Interest earned on other investments2023-12-31$3,658
Value of interest in common/collective trusts at end of year2023-12-31$9,244,598
Value of interest in common/collective trusts at beginning of year2023-12-31$6,571,800
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$230,720
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$257,408
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$388,140
Net investment gain/loss from pooled separate accounts2023-12-31$7,304
Net investment gain or loss from common/collective trusts2023-12-31$1,226,242
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$7,988,977
Assets. Invements in employer securities at beginning of year2023-12-31$7,811,808
Contributions received in cash from employer2023-12-31$903,728
Income. Dividends from common stock2023-12-31$128,451
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,115,638
Contract administrator fees2023-12-31$2,773
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$361,793
Aggregate carrying amount (costs) on sale of assets2023-12-31$439,991
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31YOUNT, HYDE AND BARBOUR
Accountancy firm EIN2023-12-31541149263
2022 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$807,624
Total unrealized appreciation/depreciation of assets2022-12-31$807,624
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$0
Total income from all sources (including contributions)2022-12-31$1,229,363
Total loss/gain on sale of assets2022-12-31$-11,060
Total of all expenses incurred2022-12-31$1,466,442
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,463,834
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,124,332
Value of total assets at end of year2022-12-31$16,627,853
Value of total assets at beginning of year2022-12-31$16,864,932
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,608
Total interest from all sources2022-12-31$13,671
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$97,125
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$22,455
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$2,000,000
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$1,331,723
Participant contributions at end of year2022-12-31$164,272
Participant contributions at beginning of year2022-12-31$233,163
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$187,388
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-237,079
Value of net assets at end of year (total assets less liabilities)2022-12-31$16,627,853
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$16,864,932
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$1,763,251
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,886,337
Value of interest in pooled separate accounts at end of year2022-12-31$59,314
Value of interest in pooled separate accounts at beginning of year2022-12-31$48,644
Interest on participant loans2022-12-31$10,972
Interest earned on other investments2022-12-31$2,699
Value of interest in common/collective trusts at end of year2022-12-31$6,571,800
Value of interest in common/collective trusts at beginning of year2022-12-31$7,264,501
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$257,408
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,095
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-494,699
Net investment gain/loss from pooled separate accounts2022-12-31$-16,357
Net investment gain or loss from common/collective trusts2022-12-31$-1,291,273
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 contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$7,811,808
Assets. Invements in employer securities at beginning of year2022-12-31$7,431,192
Contributions received in cash from employer2022-12-31$605,221
Income. Dividends from common stock2022-12-31$74,670
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,463,834
Contract administrator fees2022-12-31$2,608
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 PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$1,001,920
Aggregate carrying amount (costs) on sale of assets2022-12-31$1,012,980
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31YOUNT, HYDE & BARBOUR
Accountancy firm EIN2022-12-31541149263
2021 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$2,255,085
Total unrealized appreciation/depreciation of assets2021-12-31$2,255,085
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
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$5,127,734
Total loss/gain on sale of assets2021-12-31$25,791
Total of all expenses incurred2021-12-31$387,642
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$329,768
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,649,255
Value of total assets at end of year2021-12-31$16,864,932
Value of total assets at beginning of year2021-12-31$12,124,840
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$57,874
Total interest from all sources2021-12-31$11,556
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$16,182
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$16,180
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
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$1,003,991
Participant contributions at end of year2021-12-31$233,163
Participant contributions at beginning of year2021-12-31$185,721
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$149,186
Other income not declared elsewhere2021-12-31$55,884
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$4,740,092
Value of net assets at end of year (total assets less liabilities)2021-12-31$16,864,932
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$12,124,840
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$1,886,337
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$1,230,037
Value of interest in pooled separate accounts at end of year2021-12-31$48,644
Value of interest in pooled separate accounts at beginning of year2021-12-31$27,845
Interest on participant loans2021-12-31$11,551
Interest earned on other investments2021-12-31$5
Value of interest in common/collective trusts at end of year2021-12-31$7,264,501
Value of interest in common/collective trusts at beginning of year2021-12-31$5,780,612
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,095
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$66
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$215,613
Net investment gain/loss from pooled separate accounts2021-12-31$12,343
Net investment gain or loss from common/collective trusts2021-12-31$886,025
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 contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$7,431,192
Assets. Invements in employer securities at beginning of year2021-12-31$4,900,559
Contributions received in cash from employer2021-12-31$496,078
Income. Dividends from common stock2021-12-31$2
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$329,768
Contract administrator fees2021-12-31$57,874
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
Aggregate proceeds on sale of assets2021-12-31$145,653
Aggregate carrying amount (costs) on sale of assets2021-12-31$119,862
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31YOUNT, HYDE & BARBOUR
Accountancy firm EIN2021-12-31541149263
2020 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-1,586,471
Total unrealized appreciation/depreciation of assets2020-12-31$-1,586,471
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$894,033
Total loss/gain on sale of assets2020-12-31$-108,071
Total of all expenses incurred2020-12-31$523,456
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$438,208
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,607,881
Value of total assets at end of year2020-12-31$12,124,840
Value of total assets at beginning of year2020-12-31$11,754,263
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$85,248
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$9,095
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$9,478
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$9,478
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$2,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$1,003,189
Participant contributions at end of year2020-12-31$185,721
Participant contributions at beginning of year2020-12-31$183,211
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$131,732
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$370,577
Value of net assets at end of year (total assets less liabilities)2020-12-31$12,124,840
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,754,263
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,230,037
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$836,129
Value of interest in pooled separate accounts at end of year2020-12-31$27,845
Value of interest in pooled separate accounts at beginning of year2020-12-31$29,369
Interest on participant loans2020-12-31$9,064
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$31
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$5,780,612
Value of interest in common/collective trusts at beginning of year2020-12-31$4,366,360
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$66
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$3,863
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$211,703
Net investment gain/loss from pooled separate accounts2020-12-31$-750
Net investment gain or loss from common/collective trusts2020-12-31$751,168
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$4,900,559
Assets. Invements in employer securities at beginning of year2020-12-31$6,335,331
Contributions received in cash from employer2020-12-31$472,960
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$438,208
Contract administrator fees2020-12-31$85,248
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$220,503
Aggregate carrying amount (costs) on sale of assets2020-12-31$328,574
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31YOUNT HYDE & BARBOUR
Accountancy firm EIN2020-12-31541149263
2019 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,558,357
Total unrealized appreciation/depreciation of assets2019-12-31$1,558,357
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$4,156,431
Total loss/gain on sale of assets2019-12-31$47,783
Total of all expenses incurred2019-12-31$618,125
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$533,874
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,696,942
Value of total assets at end of year2019-12-31$11,754,263
Value of total assets at beginning of year2019-12-31$8,215,957
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$84,251
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$11,455
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$10,626
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$10,626
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$935,017
Participant contributions at end of year2019-12-31$183,211
Participant contributions at beginning of year2019-12-31$179,923
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$297,289
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$3,626
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,538,306
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,754,263
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,215,957
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$836,129
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$726,386
Value of interest in pooled separate accounts at end of year2019-12-31$29,369
Value of interest in pooled separate accounts at beginning of year2019-12-31$6,700
Interest on participant loans2019-12-31$11,352
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$103
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$4,366,360
Value of interest in common/collective trusts at beginning of year2019-12-31$2,768,475
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$3,863
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$4,141
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$172,955
Net investment gain/loss from pooled separate accounts2019-12-31$2,926
Net investment gain or loss from common/collective trusts2019-12-31$651,761
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$6,335,331
Assets. Invements in employer securities at beginning of year2019-12-31$4,530,332
Contributions received in cash from employer2019-12-31$464,636
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$533,874
Contract administrator fees2019-12-31$84,251
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$231,599
Aggregate carrying amount (costs) on sale of assets2019-12-31$183,816
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31YOUNT, HYDE & BARBOUR
Accountancy firm EIN2019-12-31541149263
2018 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$1,446,995
Expenses. Total of all expenses incurred2018-12-31$494,881
Benefits paid (including direct rollovers)2018-12-31$482,382
Total plan assets at end of year2018-12-31$8,215,957
Total plan assets at beginning of year2018-12-31$7,263,843
Value of fidelity bond covering the plan2018-12-31$2,000,000
Total contributions received or receivable from participants2018-12-31$675,086
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$707,493
Other income received2018-12-31$-274,401
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$952,114
Net plan assets at end of year (total assets less liabilities)2018-12-31$8,215,957
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$7,263,843
Assets. Value of participant loans2018-12-31$179,923
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 year2018-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2018-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$25,518
Assets. Value of employer securities2018-12-31$4,530,332
Total contributions received or receivable from employer(s)2018-12-31$338,817
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$12,499
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2017 401k financial data
Total income from all sources2017-12-31$2,168,410
Expenses. Total of all expenses incurred2017-12-31$322,520
Benefits paid (including direct rollovers)2017-12-31$321,836
Total plan assets at end of year2017-12-31$7,263,843
Total plan assets at beginning of year2017-12-31$5,417,953
Value of fidelity bond covering the plan2017-12-31$1,000,000
Total contributions received or receivable from participants2017-12-31$312,708
Contributions received from other sources (not participants or employers)2017-12-31$217,743
Other income received2017-12-31$1,110,693
Noncash contributions received2017-12-31$251,190
Net income (gross income less expenses)2017-12-31$1,845,890
Net plan assets at end of year (total assets less liabilities)2017-12-31$7,263,843
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$5,417,953
Assets. Value of participant loans2017-12-31$122,833
Assets. Value of employer securities2017-12-31$4,043,598
Total contributions received or receivable from employer(s)2017-12-31$276,076
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$684
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,491,980
Expenses. Total of all expenses incurred2016-12-31$473,752
Benefits paid (including direct rollovers)2016-12-31$473,082
Total plan assets at end of year2016-12-31$5,417,953
Total plan assets at beginning of year2016-12-31$4,399,725
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$294,519
Contributions received from other sources (not participants or employers)2016-12-31$333,630
Other income received2016-12-31$497,156
Noncash contributions received2016-12-31$149,628
Net income (gross income less expenses)2016-12-31$1,018,228
Net plan assets at end of year (total assets less liabilities)2016-12-31$5,417,953
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$4,399,725
Assets. Value of participant loans2016-12-31$109,490
Assets. Value of employer securities2016-12-31$2,982,986
Total contributions received or receivable from employer(s)2016-12-31$217,047
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$670
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$1,670,779
Expenses. Total of all expenses incurred2015-12-31$318,241
Benefits paid (including direct rollovers)2015-12-31$317,203
Total plan assets at end of year2015-12-31$4,399,725
Total plan assets at beginning of year2015-12-31$3,047,187
Value of fidelity bond covering the plan2015-12-31$1,000,000
Total contributions received or receivable from participants2015-12-31$249,517
Contributions received from other sources (not participants or employers)2015-12-31$109,470
Other income received2015-12-31$927,188
Noncash contributions received2015-12-31$178,060
Net income (gross income less expenses)2015-12-31$1,352,538
Net plan assets at end of year (total assets less liabilities)2015-12-31$4,399,725
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,047,187
Assets. Value of participant loans2015-12-31$83,104
Assets. Value of employer securities2015-12-31$2,641,526
Total contributions received or receivable from employer(s)2015-12-31$206,544
Value of certain deemed distributions of participant loans2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$1,038
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2014 401k financial data
Total income from all sources2014-12-31$670,074
Expenses. Total of all expenses incurred2014-12-31$1,766
Benefits paid (including direct rollovers)2014-12-31$1,416
Total plan assets at end of year2014-12-31$3,047,187
Total plan assets at beginning of year2014-12-31$2,378,879
Value of fidelity bond covering the plan2014-12-31$1,000,000
Total contributions received or receivable from participants2014-12-31$283,225
Contributions received from other sources (not participants or employers)2014-12-31$95,221
Other income received2014-12-31$148,232
Net income (gross income less expenses)2014-12-31$668,308
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,047,187
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,378,879
Assets. Value of participant loans2014-12-31$39,301
Assets. Value of employer securities2014-12-31$1,486,444
Total contributions received or receivable from employer(s)2014-12-31$143,396
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$350
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-12-31$938,644
Expenses. Total of all expenses incurred2013-12-31$187,797
Benefits paid (including direct rollovers)2013-12-31$186,822
Total plan assets at end of year2013-12-31$2,378,879
Total plan assets at beginning of year2013-12-31$1,628,032
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$264,346
Other income received2013-12-31$545,788
Net income (gross income less expenses)2013-12-31$750,847
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,378,879
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,628,032
Assets. Value of participant loans2013-12-31$24,249
Assets. Value of employer securities2013-12-31$1,140,695
Total contributions received or receivable from employer(s)2013-12-31$128,510
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$975
2012 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-12-31$447,761
Expenses. Total of all expenses incurred2012-12-31$47,950
Benefits paid (including direct rollovers)2012-12-31$47,445
Total plan assets at end of year2012-12-31$1,628,032
Total plan assets at beginning of year2012-12-31$1,228,221
Value of fidelity bond covering the plan2012-12-31$500,000
Total contributions received or receivable from participants2012-12-31$271,558
Contributions received from other sources (not participants or employers)2012-12-31$13,609
Other income received2012-12-31$34,104
Net income (gross income less expenses)2012-12-31$399,811
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,628,032
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,228,221
Assets. Value of participant loans2012-12-31$4,381
Total contributions received or receivable from employer(s)2012-12-31$128,490
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$505
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$331,121
Expenses. Total of all expenses incurred2011-12-31$93,268
Benefits paid (including direct rollovers)2011-12-31$92,848
Total plan assets at end of year2011-12-31$1,228,221
Total plan assets at beginning of year2011-12-31$990,368
Value of fidelity bond covering the plan2011-12-31$500,000
Total contributions received or receivable from participants2011-12-31$199,978
Contributions received from other sources (not participants or employers)2011-12-31$102,146
Other income received2011-12-31$-77,772
Net income (gross income less expenses)2011-12-31$237,853
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,228,221
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$990,368
Assets. Value of participant loans2011-12-31$1,706
Total contributions received or receivable from employer(s)2011-12-31$106,769
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$420
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : MAINSTREET BANK 401(K) RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$372,368
Expenses. Total of all expenses incurred2010-12-31$124,579
Benefits paid (including direct rollovers)2010-12-31$124,384
Total plan assets at end of year2010-12-31$990,368
Total plan assets at beginning of year2010-12-31$742,579
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$197,156
Contributions received from other sources (not participants or employers)2010-12-31$30,427
Other income received2010-12-31$37,573
Net income (gross income less expenses)2010-12-31$247,789
Net plan assets at end of year (total assets less liabilities)2010-12-31$990,368
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$742,579
Assets. Value of participant loans2010-12-31$7,072
Total contributions received or receivable from employer(s)2010-12-31$107,212
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$195

Form 5500 Responses for MAINSTREET BANK 401(K) RETIREMENT PLAN

2023: MAINSTREET BANK 401(K) RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
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: MAINSTREET BANK 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MAINSTREET BANK 401(K) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAINSTREET BANK 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAINSTREET BANK 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAINSTREET BANK 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAINSTREET BANK 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MAINSTREET BANK 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MAINSTREET BANK 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MAINSTREET BANK 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MAINSTREET BANK 401(K) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MAINSTREET BANK 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MAINSTREET BANK 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MAINSTREET BANK 401(K) RETIREMENT 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 filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MAINSTREET BANK 401(K) RETIREMENT 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered213
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered213
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered184
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered184
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered164
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered164
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered149
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered149
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered139
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $2
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2
Amount paid for insurance broker fees0
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered139
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1
Amount paid for insurance broker fees0
Insurance broker organization code?3
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number811744
Policy instance 2
Insurance contract or identification number811744
Number of Individuals Covered140
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $22
Total amount of fees paid to insurance companyUSD $2
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $21
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered140
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $69
Total amount of fees paid to insurance companyUSD $8
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $61
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 1
Insurance contract or identification number613953
Number of Individuals Covered111
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $40
Total amount of fees paid to insurance companyUSD $7
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
Commission paid to Insurance BrokerUSD $40
Insurance broker organization code?7
Amount paid for insurance broker fees7
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker nameNEWPORT GROUP

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1