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PICKENS SAVINGS & LOAN RETIREMENT PLAN 401k Plan overview

Plan NamePICKENS SAVINGS & LOAN RETIREMENT PLAN
Plan identification number 002

PICKENS SAVINGS & LOAN RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PICKENS SAVINGS AND LOAN ASSOCIATION FA has sponsored the creation of one or more 401k plans.

Company Name:PICKENS SAVINGS AND LOAN ASSOCIATION FA
Employer identification number (EIN):570226220
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PICKENS SAVINGS & LOAN RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01SUSAN DUNAWAY2024-06-11
0022022-01-01SUSAN DUNAWAY2023-08-02
0022021-01-01SUSAN DUNAWAY2022-06-28
0022020-01-01SUSAN BARKLEY2021-07-13
0022019-01-01SUSAN BARKLEY2020-07-30
0022018-01-01SUSAN BARKLEY2019-07-12
0022017-01-01SUSAN BARKLEY2018-07-11
0022016-04-01SUSAN BARKLEY
0022015-04-01GILLOM GETTYS
0022014-04-01GILLOM GETTYS
0022013-04-01GILLOM GETTYS
0022012-04-01ALEX GETTYS
0022011-04-01ALEX GETTYS
0022010-04-01ALEX GETTYS
0022009-04-01ALEX GETTYS

Plan Statistics for PICKENS SAVINGS & LOAN RETIREMENT PLAN

401k plan membership statisitcs for PICKENS SAVINGS & LOAN RETIREMENT PLAN

Measure Date Value
2016: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-0119
Total number of active participants reported on line 7a of the Form 55002016-04-0117
Number of retired or separated participants receiving benefits2016-04-010
Number of other retired or separated participants entitled to future benefits2016-04-011
Total of all active and inactive participants2016-04-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-010
Total participants2016-04-0118
Number of participants with account balances2016-04-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-010
2015: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-0122
Total number of active participants reported on line 7a of the Form 55002015-04-0119
Number of retired or separated participants receiving benefits2015-04-010
Number of other retired or separated participants entitled to future benefits2015-04-010
Total of all active and inactive participants2015-04-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-010
Total participants2015-04-0119
Number of participants with account balances2015-04-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-010
2014: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-0120
Total number of active participants reported on line 7a of the Form 55002014-04-0119
Number of retired or separated participants receiving benefits2014-04-010
Number of other retired or separated participants entitled to future benefits2014-04-013
Total of all active and inactive participants2014-04-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-010
Total participants2014-04-0122
Number of participants with account balances2014-04-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-010
2013: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-0120
Total number of active participants reported on line 7a of the Form 55002013-04-0120
Number of retired or separated participants receiving benefits2013-04-010
Number of other retired or separated participants entitled to future benefits2013-04-010
Total of all active and inactive participants2013-04-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-010
Total participants2013-04-0120
Number of participants with account balances2013-04-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-010
2012: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-0119
Total number of active participants reported on line 7a of the Form 55002012-04-0120
Number of retired or separated participants receiving benefits2012-04-010
Number of other retired or separated participants entitled to future benefits2012-04-010
Total of all active and inactive participants2012-04-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-010
Total participants2012-04-0120
Number of participants with account balances2012-04-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-010
2011: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-04-0120
Total number of active participants reported on line 7a of the Form 55002011-04-0119
Number of retired or separated participants receiving benefits2011-04-010
Number of other retired or separated participants entitled to future benefits2011-04-010
Total of all active and inactive participants2011-04-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-010
Total participants2011-04-0119
Number of participants with account balances2011-04-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-011
2010: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-04-0119
Total number of active participants reported on line 7a of the Form 55002010-04-0118
Number of retired or separated participants receiving benefits2010-04-010
Number of other retired or separated participants entitled to future benefits2010-04-012
Total of all active and inactive participants2010-04-0120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-04-010
Total participants2010-04-0120
Number of participants with account balances2010-04-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-04-012
2009: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-04-0121
Total number of active participants reported on line 7a of the Form 55002009-04-0119
Number of retired or separated participants receiving benefits2009-04-010
Number of other retired or separated participants entitled to future benefits2009-04-010
Total of all active and inactive participants2009-04-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-010
Total participants2009-04-0119
Number of participants with account balances2009-04-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-011

Financial Data on PICKENS SAVINGS & LOAN RETIREMENT PLAN

Measure Date Value
2016 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$901,506
Expenses. Total of all expenses incurred2016-12-31$12,256
Benefits paid (including direct rollovers)2016-12-31$12,081
Total plan assets at end of year2016-12-31$1,806,356
Total plan assets at beginning of year2016-12-31$917,106
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$66,015
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$681,613
Other income received2016-12-31$69,814
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$889,250
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,806,356
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$917,106
Assets. Value of participant loans2016-12-31$36,170
Total contributions received or receivable from employer(s)2016-12-31$84,064
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$175
Transfers to/from the plan2016-03-31$0
Total plan liabilities at end of year2016-03-31$0
Total plan liabilities at beginning of year2016-03-31$0
Total income from all sources2016-03-31$152,461
Expenses. Total of all expenses incurred2016-03-31$94,160
Benefits paid (including direct rollovers)2016-03-31$93,985
Total plan assets at end of year2016-03-31$917,106
Total plan assets at beginning of year2016-03-31$858,805
Value of fidelity bond covering the plan2016-03-31$1,000,000
Total contributions received or receivable from participants2016-03-31$86,549
Expenses. Other expenses not covered elsewhere2016-03-31$0
Contributions received from other sources (not participants or employers)2016-03-31$0
Other income received2016-03-31$-19,101
Noncash contributions received2016-03-31$0
Net income (gross income less expenses)2016-03-31$58,301
Net plan assets at end of year (total assets less liabilities)2016-03-31$917,106
Net plan assets at beginning of year (total assets less liabilities)2016-03-31$858,805
Assets. Value of participant loans2016-03-31$41,613
Total contributions received or receivable from employer(s)2016-03-31$85,013
Value of certain deemed distributions of participant loans2016-03-31$0
Value of corrective distributions2016-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-03-31$175
2015 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2015 401k financial data
Transfers to/from the plan2015-03-31$0
Total plan liabilities at end of year2015-03-31$0
Total plan liabilities at beginning of year2015-03-31$0
Total income from all sources2015-03-31$220,570
Expenses. Total of all expenses incurred2015-03-31$187,352
Benefits paid (including direct rollovers)2015-03-31$187,167
Total plan assets at end of year2015-03-31$858,805
Total plan assets at beginning of year2015-03-31$825,587
Value of fidelity bond covering the plan2015-03-31$1,000,000
Total contributions received or receivable from participants2015-03-31$90,218
Expenses. Other expenses not covered elsewhere2015-03-31$0
Contributions received from other sources (not participants or employers)2015-03-31$0
Other income received2015-03-31$47,277
Noncash contributions received2015-03-31$0
Net income (gross income less expenses)2015-03-31$33,218
Net plan assets at end of year (total assets less liabilities)2015-03-31$858,805
Net plan assets at beginning of year (total assets less liabilities)2015-03-31$825,587
Assets. Value of participant loans2015-03-31$20,882
Total contributions received or receivable from employer(s)2015-03-31$83,075
Value of certain deemed distributions of participant loans2015-03-31$0
Value of corrective distributions2015-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-03-31$185
2014 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2014 401k financial data
Transfers to/from the plan2014-03-31$0
Total plan liabilities at end of year2014-03-31$0
Total income from all sources2014-03-31$230,096
Expenses. Total of all expenses incurred2014-03-31$94,003
Benefits paid (including direct rollovers)2014-03-31$93,774
Total plan assets at end of year2014-03-31$825,587
Total plan assets at beginning of year2014-03-31$689,494
Value of fidelity bond covering the plan2014-03-31$1,000,000
Total contributions received or receivable from participants2014-03-31$102,012
Expenses. Other expenses not covered elsewhere2014-03-31$0
Contributions received from other sources (not participants or employers)2014-03-31$0
Other income received2014-03-31$68,455
Noncash contributions received2014-03-31$0
Net income (gross income less expenses)2014-03-31$136,093
Net plan assets at end of year (total assets less liabilities)2014-03-31$825,587
Net plan assets at beginning of year (total assets less liabilities)2014-03-31$689,494
Assets. Value of participant loans2014-03-31$22,737
Total contributions received or receivable from employer(s)2014-03-31$59,629
Value of certain deemed distributions of participant loans2014-03-31$0
Value of corrective distributions2014-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-03-31$229
2013 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2013 401k financial data
Total income from all sources2013-03-31$185,291
Expenses. Total of all expenses incurred2013-03-31$3,559
Benefits paid (including direct rollovers)2013-03-31$3,384
Total plan assets at end of year2013-03-31$689,494
Total plan assets at beginning of year2013-03-31$507,762
Value of fidelity bond covering the plan2013-03-31$1,000,000
Total contributions received or receivable from participants2013-03-31$100,143
Other income received2013-03-31$47,813
Net income (gross income less expenses)2013-03-31$181,732
Net plan assets at end of year (total assets less liabilities)2013-03-31$689,494
Net plan assets at beginning of year (total assets less liabilities)2013-03-31$507,762
Assets. Value of participant loans2013-03-31$21,139
Total contributions received or receivable from employer(s)2013-03-31$37,335
Expenses. Administrative service providers (salaries,fees and commissions)2013-03-31$175
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-03-31$0
2012 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-03-31$148,943
Expenses. Total of all expenses incurred2012-03-31$630,461
Benefits paid (including direct rollovers)2012-03-31$628,415
Total plan assets at end of year2012-03-31$507,762
Total plan assets at beginning of year2012-03-31$989,280
Value of fidelity bond covering the plan2012-03-31$1,000,000
Total contributions received or receivable from participants2012-03-31$91,749
Other income received2012-03-31$-15,381
Net income (gross income less expenses)2012-03-31$-481,518
Net plan assets at end of year (total assets less liabilities)2012-03-31$507,762
Net plan assets at beginning of year (total assets less liabilities)2012-03-31$989,280
Assets. Value of participant loans2012-03-31$5,454
Total contributions received or receivable from employer(s)2012-03-31$72,575
Expenses. Administrative service providers (salaries,fees and commissions)2012-03-31$2,046
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-03-31$0
2011 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-03-31$252,335
Expenses. Total of all expenses incurred2011-03-31$39,225
Benefits paid (including direct rollovers)2011-03-31$39,000
Total plan assets at end of year2011-03-31$989,280
Total plan assets at beginning of year2011-03-31$776,170
Value of fidelity bond covering the plan2011-03-31$1,000,000
Total contributions received or receivable from participants2011-03-31$86,726
Contributions received from other sources (not participants or employers)2011-03-31$3,720
Other income received2011-03-31$88,978
Net income (gross income less expenses)2011-03-31$213,110
Net plan assets at end of year (total assets less liabilities)2011-03-31$989,280
Net plan assets at beginning of year (total assets less liabilities)2011-03-31$776,170
Assets. Value of participant loans2011-03-31$6,853
Total contributions received or receivable from employer(s)2011-03-31$72,911
Expenses. Administrative service providers (salaries,fees and commissions)2011-03-31$225
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-03-31$0
2010 : PICKENS SAVINGS & LOAN RETIREMENT PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-03-31$0

Form 5500 Responses for PICKENS SAVINGS & LOAN RETIREMENT PLAN

2016: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2016 form 5500 responses
2016-04-01Type of plan entitySingle employer plan
2016-04-01Submission has been amendedNo
2016-04-01This submission is the final filingNo
2016-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-04-01Plan is a collectively bargained planNo
2016-04-01Plan funding arrangement – TrustYes
2016-04-01Plan benefit arrangement - TrustYes
2015: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01Submission has been amendedNo
2015-04-01This submission is the final filingNo
2015-04-01This return/report is a short plan year return/report (less than 12 months)No
2015-04-01Plan is a collectively bargained planNo
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes
2014: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2014 form 5500 responses
2014-04-01Type of plan entitySingle employer plan
2014-04-01Submission has been amendedNo
2014-04-01This submission is the final filingNo
2014-04-01This return/report is a short plan year return/report (less than 12 months)No
2014-04-01Plan is a collectively bargained planNo
2014-04-01Plan funding arrangement – TrustYes
2014-04-01Plan benefit arrangement - TrustYes
2013: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)No
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2010: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2010 form 5500 responses
2010-04-01Type of plan entitySingle employer plan
2010-04-01Submission has been amendedNo
2010-04-01This submission is the final filingNo
2010-04-01This return/report is a short plan year return/report (less than 12 months)No
2010-04-01Plan funding arrangement – TrustYes
2010-04-01Plan benefit arrangement - TrustYes
2009: PICKENS SAVINGS & LOAN RETIREMENT PLAN 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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