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FIRST US BANCSHARES, INC. 401(K) PLAN 401k Plan overview

Plan NameFIRST US BANCSHARES, INC. 401(K) PLAN
Plan identification number 001

FIRST US BANCSHARES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Stock bonus
  • 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 sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FIRST US BANCSHARES, INC.
Employer identification number (EIN):630843362
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST US BANCSHARES, INC. 401(K) 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
0012018-01-01KIMBERLY PRETNAR
0012017-01-01KIMBERLY PRETNAR

Plan Statistics for FIRST US BANCSHARES, INC. 401(K) PLAN

401k plan membership statisitcs for FIRST US BANCSHARES, INC. 401(K) PLAN

Measure Date Value
2023: FIRST US BANCSHARES, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01257
Total number of active participants reported on line 7a of the Form 55002023-01-01154
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0174
Total of all active and inactive participants2023-01-01228
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01228
Number of participants with account balances2023-01-01202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: FIRST US BANCSHARES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01283
Total number of active participants reported on line 7a of the Form 55002022-01-01155
Number of retired or separated participants receiving benefits2022-01-0113
Number of other retired or separated participants entitled to future benefits2022-01-0189
Total of all active and inactive participants2022-01-01257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01257
Number of participants with account balances2022-01-01232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FIRST US BANCSHARES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01356
Total number of active participants reported on line 7a of the Form 55002021-01-01176
Number of retired or separated participants receiving benefits2021-01-0114
Number of other retired or separated participants entitled to future benefits2021-01-0193
Total of all active and inactive participants2021-01-01283
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01283
Number of participants with account balances2021-01-01257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FIRST US BANCSHARES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01379
Total number of active participants reported on line 7a of the Form 55002020-01-01290
Number of retired or separated participants receiving benefits2020-01-0116
Number of other retired or separated participants entitled to future benefits2020-01-0155
Total of all active and inactive participants2020-01-01361
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01361
Number of participants with account balances2020-01-01318
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FIRST US BANCSHARES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01366
Total number of active participants reported on line 7a of the Form 55002019-01-01315
Number of retired or separated participants receiving benefits2019-01-0113
Number of other retired or separated participants entitled to future benefits2019-01-0151
Total of all active and inactive participants2019-01-01379
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01379
Number of participants with account balances2019-01-01324
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FIRST US BANCSHARES, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01328
Total number of active participants reported on line 7a of the Form 55002018-01-01281
Number of retired or separated participants receiving benefits2018-01-0117
Number of other retired or separated participants entitled to future benefits2018-01-0163
Total of all active and inactive participants2018-01-01361
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01361
Number of participants with account balances2018-01-01319
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FIRST US BANCSHARES, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01324
Total number of active participants reported on line 7a of the Form 55002017-01-01255
Number of retired or separated participants receiving benefits2017-01-0116
Number of other retired or separated participants entitled to future benefits2017-01-0155
Total of all active and inactive participants2017-01-01326
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01326
Number of participants with account balances2017-01-01295
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on FIRST US BANCSHARES, INC. 401(K) PLAN

Measure Date Value
2023 : FIRST US BANCSHARES, INC. 401(K) PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$282,235
Total unrealized appreciation/depreciation of assets2023-12-31$282,235
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$3,752,885
Total loss/gain on sale of assets2023-12-31$-12,158
Total of all expenses incurred2023-12-31$1,939,763
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,888,426
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$1,211,857
Value of total assets at end of year2023-12-31$18,261,017
Value of total assets at beginning of year2023-12-31$16,447,895
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$51,337
Total interest from all sources2023-12-31$247
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$85,702
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$49,347
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
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$760,334
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$35,908
Total non interest bearing cash at end of year2023-12-31$87
Total non interest bearing cash at beginning of year2023-12-31$824
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$1,813,122
Value of net assets at end of year (total assets less liabilities)2023-12-31$18,261,017
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$16,447,895
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
Investment advisory and management fees2023-12-31$34,447
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$889,111
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$507,592
Value of interest in common/collective trusts at end of year2023-12-31$15,578,912
Value of interest in common/collective trusts at beginning of year2023-12-31$14,282,913
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$437
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$35,261
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$35,261
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$247
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$172
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$132,477
Net investment gain or loss from common/collective trusts2023-12-31$2,052,525
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 contributions2023-12-31No
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$1,762,082
Assets. Invements in employer securities at beginning of year2023-12-31$1,605,690
Contributions received in cash from employer2023-12-31$415,615
Employer contributions (assets) at end of year2023-12-31$30,388
Employer contributions (assets) at beginning of year2023-12-31$15,443
Income. Dividends from common stock2023-12-31$36,355
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,888,426
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$190,859
Aggregate carrying amount (costs) on sale of assets2023-12-31$203,017
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CARR, RIGGS, & INGRAM, LLC
Accountancy firm EIN2023-12-31721396621
2022 : FIRST US BANCSHARES, INC. 401(K) PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-532,770
Total unrealized appreciation/depreciation of assets2022-12-31$-532,770
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
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
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,678,060
Total loss/gain on sale of assets2022-12-31$-3,289,466
Total of all expenses incurred2022-12-31$1,588,422
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,509,323
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,119,472
Value of total assets at end of year2022-12-31$16,447,895
Value of total assets at beginning of year2022-12-31$19,714,377
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$79,099
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$226,830
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$226,830
Administrative expenses professional fees incurred2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$707,964
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$23,841
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$13,199
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Administrative expenses (other) incurred2022-12-31$68,142
Total non interest bearing cash at end of year2022-12-31$824
Total non interest bearing cash at beginning of year2022-12-31$4,695
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
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-3,266,482
Value of net assets at end of year (total assets less liabilities)2022-12-31$16,447,895
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$19,714,377
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
Investment advisory and management fees2022-12-31$10,307
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$507,592
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$15,041,272
Interest on participant loans2022-12-31$0
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$14,282,913
Value of interest in common/collective trusts at beginning of year2022-12-31$2,269,166
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$35,261
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$51,074
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$51,074
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$172
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-8,331
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$806,205
Net gain/loss from 103.12 investment entities2022-12-31$0
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 contributions2022-12-31No
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$1,605,690
Assets. Invements in employer securities at beginning of year2022-12-31$2,288,929
Contributions received in cash from employer2022-12-31$398,309
Employer contributions (assets) at end of year2022-12-31$15,443
Employer contributions (assets) at beginning of year2022-12-31$35,400
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,509,323
Contract administrator fees2022-12-31$650
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
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$39,206
Aggregate carrying amount (costs) on sale of assets2022-12-31$3,328,672
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CARR, RIGGS, & INGRAM, LLC
Accountancy firm EIN2022-12-31721396621
2021 : FIRST US BANCSHARES, INC. 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$4,082,418
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,113,572
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,022,460
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,295,949
Value of total assets at end of year2021-12-31$19,714,377
Value of total assets at beginning of year2021-12-31$16,745,531
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$91,112
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$295,549
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$295,549
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
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$814,674
Participant contributions at end of year2021-12-31$23,841
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$5,014
Other income not declared elsewhere2021-12-31$538,083
Administrative expenses (other) incurred2021-12-31$91,112
Total non interest bearing cash at end of year2021-12-31$4,695
Total non interest bearing cash at beginning of year2021-12-31$47,849
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$2,968,846
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,714,377
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$16,745,531
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$15,041,272
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$12,984,884
Value of interest in common/collective trusts at end of year2021-12-31$2,269,166
Value of interest in common/collective trusts at beginning of year2021-12-31$1,723,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$51,074
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$29,973
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$29,973
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,918,715
Net investment gain or loss from common/collective trusts2021-12-31$34,122
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 contributions2021-12-31No
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$2,288,929
Assets. Invements in employer securities at beginning of year2021-12-31$1,936,200
Contributions received in cash from employer2021-12-31$476,261
Employer contributions (assets) at end of year2021-12-31$35,400
Employer contributions (assets) at beginning of year2021-12-31$22,842
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,022,460
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
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
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CARR, RIGGS, & INGRAM, LLC
Accountancy firm EIN2021-12-31721396621
2020 : FIRST US BANCSHARES, INC. 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$2,761,707
Total loss/gain on sale of assets2020-12-31$1,017,051
Total of all expenses incurred2020-12-31$1,430,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,348,163
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,459,880
Value of total assets at end of year2020-12-31$16,745,531
Value of total assets at beginning of year2020-12-31$15,414,618
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$82,631
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$284,776
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$284,776
Administrative expenses professional fees incurred2020-12-31$82,631
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
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
Contributions received from participants2020-12-31$896,293
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$37,796
Total non interest bearing cash at end of year2020-12-31$47,849
Total non interest bearing cash at beginning of year2020-12-31$42,748
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$1,330,913
Value of net assets at end of year (total assets less liabilities)2020-12-31$16,745,531
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$15,414,618
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
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$12,984,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,388,807
Value of interest in common/collective trusts at end of year2020-12-31$1,723,783
Value of interest in common/collective trusts at beginning of year2020-12-31$1,325,525
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$29,973
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$51,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$51,447
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$1,936,200
Assets. Invements in employer securities at beginning of year2020-12-31$2,576,865
Contributions received in cash from employer2020-12-31$525,791
Employer contributions (assets) at end of year2020-12-31$22,842
Employer contributions (assets) at beginning of year2020-12-31$29,226
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,348,163
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$1,017,051
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2020-12-31721396621
2019 : FIRST US BANCSHARES, INC. 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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$4,466,727
Total loss/gain on sale of assets2019-12-31$2,743,252
Total of all expenses incurred2019-12-31$1,921,953
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,842,054
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,443,575
Value of total assets at end of year2019-12-31$15,414,618
Value of total assets at beginning of year2019-12-31$12,869,844
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$79,899
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$279,900
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$279,900
Administrative expenses professional fees incurred2019-12-31$79,899
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
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
Contributions received from participants2019-12-31$852,514
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$76,216
Total non interest bearing cash at end of year2019-12-31$42,748
Total non interest bearing cash at beginning of year2019-12-31$50,228
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$2,544,774
Value of net assets at end of year (total assets less liabilities)2019-12-31$15,414,618
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$12,869,844
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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,388,807
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$9,195,964
Value of interest in common/collective trusts at end of year2019-12-31$1,325,525
Value of interest in common/collective trusts at beginning of year2019-12-31$1,646,618
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$51,447
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$34,033
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$34,033
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 contributions2019-12-31No
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$2,576,865
Assets. Invements in employer securities at beginning of year2019-12-31$1,915,916
Contributions received in cash from employer2019-12-31$514,845
Employer contributions (assets) at end of year2019-12-31$29,226
Employer contributions (assets) at beginning of year2019-12-31$27,085
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,842,054
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$2,743,252
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 name2019-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2019-12-31721396621
2018 : FIRST US BANCSHARES, INC. 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-250,067
Total loss/gain on sale of assets2018-12-31$-2,013,709
Total of all expenses incurred2018-12-31$1,320,900
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,242,125
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,486,071
Value of total assets at end of year2018-12-31$12,869,844
Value of total assets at beginning of year2018-12-31$14,440,811
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$78,775
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$277,571
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$78,775
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$780,845
Participant contributions at end of year2018-12-31$27,085
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$225,779
Total non interest bearing cash at end of year2018-12-31$50,228
Total non interest bearing cash at beginning of year2018-12-31$47,482
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,570,967
Value of net assets at end of year (total assets less liabilities)2018-12-31$12,869,844
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$14,440,811
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$9,195,964
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$9,441,839
Value of interest in common/collective trusts at end of year2018-12-31$1,646,618
Value of interest in common/collective trusts at beginning of year2018-12-31$1,679,809
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$34,033
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$74,426
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$74,426
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$1,915,916
Assets. Invements in employer securities at beginning of year2018-12-31$3,197,255
Contributions received in cash from employer2018-12-31$479,447
Income. Dividends from common stock2018-12-31$277,571
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,242,125
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$-2,013,709
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2018-12-31721396621
2017 : FIRST US BANCSHARES, INC. 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$3,104,267
Total loss/gain on sale of assets2017-12-31$1,601,112
Total of all expenses incurred2017-12-31$1,956,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,891,561
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,266,742
Value of total assets at end of year2017-12-31$14,440,811
Value of total assets at beginning of year2017-12-31$13,292,958
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$64,853
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$236,413
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$64,853
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$739,920
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$92,570
Total non interest bearing cash at end of year2017-12-31$47,482
Total non interest bearing cash at beginning of year2017-12-31$43,586
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,147,853
Value of net assets at end of year (total assets less liabilities)2017-12-31$14,440,811
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$13,292,958
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$9,441,839
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,943,065
Value of interest in common/collective trusts at end of year2017-12-31$1,679,809
Value of interest in common/collective trusts at beginning of year2017-12-31$1,506,075
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$74,426
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$49,895
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$49,895
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$3,197,255
Assets. Invements in employer securities at beginning of year2017-12-31$2,750,337
Contributions received in cash from employer2017-12-31$434,252
Income. Dividends from common stock2017-12-31$236,413
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,891,561
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$1,601,112
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN2017-12-31721396621

Form 5500 Responses for FIRST US BANCSHARES, INC. 401(K) PLAN

2023: FIRST US BANCSHARES, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FIRST US BANCSHARES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST US BANCSHARES, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST US BANCSHARES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
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 – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST US BANCSHARES, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST US BANCSHARES, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
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 – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST US BANCSHARES, INC. 401(K) 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberR00310
Policy instance 1
Insurance contract or identification numberR00310
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberR00310
Policy instance 1
Insurance contract or identification numberR00310
Number of Individuals Covered1
Insurance policy start date2022-10-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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