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INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameINDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).

401k Sponsoring company profile

INDUSTRIAL BANK, WASHINGTON has sponsored the creation of one or more 401k plans.

Company Name:INDUSTRIAL BANK, WASHINGTON
Employer identification number (EIN):530088120
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about INDUSTRIAL BANK, WASHINGTON

Jurisdiction of Incorporation: California Department of State
Incorporation Date: 1983-07-01
Company Identification Number: C1205133
Legal Registered Office Address: 5805 Sepulveda Blvd

Van Nuys
United States of America (USA)
91411

More information about INDUSTRIAL BANK, WASHINGTON

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022006-01-01GIGI SUBRAMONIAN

Plan Statistics for INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2006: INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN 2006 401k membership
Total participants, beginning-of-year2006-01-01219
Total number of active participants reported on line 7a of the Form 55002006-01-010
Number of retired or separated participants receiving benefits2006-01-010
Number of other retired or separated participants entitled to future benefits2006-01-010
Total of all active and inactive participants2006-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-010
Total participants2006-01-010
Number of participants with account balances2006-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-010
Number of employers contributing to the scheme2006-01-010

Financial Data on INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2006 : INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN 2006 401k financial data
Total unrealized appreciation/depreciation of assets2006-12-31$0
Total transfer of assets from this plan2006-12-31$2,032,565
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2006-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2006-12-31$12,419
Total income from all sources (including contributions)2006-12-31$0
Total loss/gain on sale of assets2006-12-31$0
Total of all expenses incurred2006-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2006-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2006-12-31$0
Value of total assets at end of year2006-12-31$0
Value of total assets at beginning of year2006-12-31$2,044,984
Total of administrative expenses incurred including professional, contract, advisory and management fees2006-12-31$0
Total interest from all sources2006-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2006-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2006-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2006-12-31$0
Was this plan covered by a fidelity bond2006-12-31Yes
Value of fidelity bond cover2006-12-31$2,000,000
If this is an individual account plan, was there a blackout period2006-12-31No
Were there any nonexempt tranactions with any party-in-interest2006-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2006-12-31$63
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2006-12-31No
Value of net income/loss2006-12-31$0
Value of net assets at end of year (total assets less liabilities)2006-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2006-12-31$2,032,565
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2006-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2006-12-31No
Were any leases to which the plan was party in default or uncollectible2006-12-31No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2006-12-31$20,281
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2006-12-31$20,281
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2006-12-31No
Was there a failure to transmit to the plan any participant contributions2006-12-31No
Has the plan failed to provide any benefit when due under the plan2006-12-31No
Assets. Invements in employer securities at beginning of year2006-12-31$2,024,640
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32006-12-31No
Liabilities. Value of benefit claims payable at beginning of year2006-12-31$12,419
Did the plan have assets held for investment2006-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2006-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2006-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2006-12-31Yes
Opinion of an independent qualified public accountant for this plan2006-12-31Unqualified
Accountancy firm name2006-12-31STEGMAN & CO
Accountancy firm EIN2006-12-31520947747

Form 5500 Responses for INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN

2006: INDUSTRIAL BANK, NA EMPLOYEE STOCK OWNERSHIP PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingYes
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – TrustYes
2006-01-01Plan benefit arrangement - TrustYes

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