401k Plan data: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN plan

AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation
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.

401k Sponsoring company profile

AIM BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: AIM BANCSHARES, INC.

Employer identification number (EIN): 481303940

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about AIM BANCSHARES, INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2003-03-04

Company Identification Number: 0800180059

Legal Registered Office Address: PO BOX 999

LEVELLAND
United States of America (USA)
79336

More information about AIM BANCSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2015-01-01 ASHLEY RITCHEY ASHLEY RITCHEY 2016-06-23
001 2013-01-01 ASHLEY RITCHEY
001 2012-01-01 ASHLEY RITCHEY

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2015-01-01	ASHLEY RITCHEY	ASHLEY RITCHEY	2016-06-23
001	2013-01-01	ASHLEY RITCHEY
001	2012-01-01	ASHLEY RITCHEY

Plan Statistics for AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 106
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 0
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 0
Total of all active and inactive participants 2023-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 0
Number of participants with account balances 2023-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2015: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 133
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 13
Total of all active and inactive participants 2015-01-01 146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 1
Total participants 2015-01-01 147
Number of participants with account balances 2015-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 6
2013: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 84
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 9
Total of all active and inactive participants 2013-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 93
Number of participants with account balances 2013-01-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 71
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 65
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 6
Total of all active and inactive participants 2012-01-01 71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 71
Number of participants with account balances 2012-01-01 57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2

Measure	Date	Value
2023: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	106
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	0
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	0
Total of all active and inactive participants	2023-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	0
Number of participants with account balances	2023-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2015: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	133
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	13
Total of all active and inactive participants	2015-01-01	146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	1
Total participants	2015-01-01	147
Number of participants with account balances	2015-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	6
2013: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	84
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	9
Total of all active and inactive participants	2013-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	93
Number of participants with account balances	2013-01-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	71
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	65
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	6
Total of all active and inactive participants	2012-01-01	71
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	71
Number of participants with account balances	2012-01-01	57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2

Financial Data on AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2023 : AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total of all expenses incurred	2023-02-28	$225,827
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-02-28	$196,558
Value of total assets at end of year	2023-02-28	$0
Value of total assets at beginning of year	2023-02-28	$225,827
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-02-28	$29,269
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-02-28	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2023-02-28	$0
Was this plan covered by a fidelity bond	2023-02-28	No
If this is an individual account plan, was there a blackout period	2023-02-28	No
Were there any nonexempt tranactions with any party-in-interest	2023-02-28	No
Administrative expenses (other) incurred	2023-02-28	$9,269
Total non interest bearing cash at end of year	2023-02-28	$0
Total non interest bearing cash at beginning of year	2023-02-28	$225,827
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-02-28	No
Value of net income/loss	2023-02-28	$-225,827
Value of net assets at end of year (total assets less liabilities)	2023-02-28	$0
Value of net assets at beginning of year (total assets less liabilities)	2023-02-28	$225,827
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-02-28	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-02-28	No
Were any leases to which the plan was party in default or uncollectible	2023-02-28	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-02-28	No
Was there a failure to transmit to the plan any participant contributions	2023-02-28	No
Has the plan failed to provide any benefit when due under the plan	2023-02-28	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-02-28	$196,558
Contract administrator fees	2023-02-28	$20,000
Did the plan have assets held for investment	2023-02-28	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-02-28	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-02-28	Yes
Opinion of an independent qualified public accountant for this plan	2023-02-28	Unqualified
Accountancy firm name	2023-02-28	HUELTON MORGAN & MAULTSBY
Accountancy firm EIN	2023-02-28	752409112
2015 : AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$2,508,917
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$3,936,240
Expenses. Total of all expenses incurred	2015-12-31	$282,056
Benefits paid (including direct rollovers)	2015-12-31	$258,916
Total plan assets at end of year	2015-12-31	$19,236,693
Total plan assets at beginning of year	2015-12-31	$13,073,592
Value of fidelity bond covering the plan	2015-12-31	$4,000,000
Total contributions received or receivable from participants	2015-12-31	$321,652
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$994,218
Other income received	2015-12-31	$2,435,294
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$3,654,184
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$16,727,776
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$13,073,592
Assets. Value of participant loans	2015-12-31	$28,863
Assets. Value of employer securities	2015-12-31	$17,418,618
Total contributions received or receivable from employer(s)	2015-12-31	$185,076
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$23,140
2013 : AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$2,222,099
Expenses. Total of all expenses incurred	2013-12-31	$21,015
Benefits paid (including direct rollovers)	2013-12-31	$9,025
Total plan assets at end of year	2013-12-31	$7,865,190
Total plan assets at beginning of year	2013-12-31	$5,664,106
Value of fidelity bond covering the plan	2013-12-31	$4,000,000
Total contributions received or receivable from participants	2013-12-31	$118,502
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$519,734
Other income received	2013-12-31	$1,482,411
Noncash contributions received	2013-12-31	$0
Net income (gross income less expenses)	2013-12-31	$2,201,084
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$7,865,190
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$5,664,106
Assets. Value of participant loans	2013-12-31	$31,576
Assets. Value of employer securities	2013-12-31	$6,616,176
Total contributions received or receivable from employer(s)	2013-12-31	$101,452
Value of certain deemed distributions of participant loans	2013-12-31	$0
Value of corrective distributions	2013-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$11,990
2012 : AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$153,220
Total income from all sources	2012-12-31	$1,171,500
Expenses. Total of all expenses incurred	2012-12-31	$46,077
Benefits paid (including direct rollovers)	2012-12-31	$20,155
Total plan assets at end of year	2012-12-31	$5,664,106
Total plan assets at beginning of year	2012-12-31	$4,691,903
Value of fidelity bond covering the plan	2012-12-31	$7,000
Total contributions received or receivable from participants	2012-12-31	$83,249
Assets. Value of loans (other than to participants)	2012-12-31	$0
Expenses. Other expenses not covered elsewhere	2012-12-31	$0
Contributions received from other sources (not participants or employers)	2012-12-31	$106,430
Other income received	2012-12-31	$915,885
Noncash contributions received	2012-12-31	$0
Net income (gross income less expenses)	2012-12-31	$1,125,423
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$5,664,106
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$4,538,683
Assets. Value of participant loans	2012-12-31	$38,980
Assets. Value of employer securities	2012-12-31	$4,516,851
Total contributions received or receivable from employer(s)	2012-12-31	$65,936
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$25,922

Form 5500 Responses for AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

2023: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	This submission is the final filing	Yes
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2015: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2013: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

AIM BANCSHARES, INC. 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN [EIN = 750396855]

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Company Name:	AIM BANCSHARES, INC.
Employer identification number (EIN):	481303940
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2003-03-04
Company Identification Number:	0800180059
Legal Registered Office Address:	PO BOX 999 LEVELLAND United States of America (USA) 79336