Logo

FIRST FEDERAL DEFINED BENEFIT PLAN 401k Plan overview

Plan NameFIRST FEDERAL DEFINED BENEFIT PLAN
Plan identification number 001

FIRST FEDERAL DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FIRST FED BANK
Employer identification number (EIN):910369590
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DEREK BROWN2024-10-08 DEREK BROWN2024-10-08
0012022-01-01
0012022-01-01DEREK BROWN
0012021-01-01
0012021-01-01DEREK BROWN

Financial Data on FIRST FEDERAL DEFINED BENEFIT PLAN

Measure Date Value
2025 : FIRST FEDERAL DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-160
Total liabilities as of the end of the plan year2025-10-160
Total liabilities as of the beginning of the plan year2025-10-160
Total expenses incurred by plan in this plan year2025-10-16877339
Net assets as of the end of the plan year2025-10-1610216713
Total assets as of the beginning of the plan year2025-10-1610922593
Value of plan covered by a fidelity bond2025-10-163000000
Participant contributions to plan in this plan year2025-10-160
Other expenses paid from plan in this plan year2025-10-1610807
Other contributions to plan in this plan year2025-10-160
Other income to plan in this plan year2025-10-16144459
Plan net income in this plan year2025-10-16-705880
Net assets as of the end of the plan year2025-10-1610216713
Net assets as of the beginning of the plan year2025-10-1610922593
Employer contributions to plan in this plan year2025-10-1627000
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1695590
2024 : FIRST FEDERAL DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-080
Total liabilities as of the end of the plan year2024-10-080
Total liabilities as of the beginning of the plan year2024-10-080
Total expenses incurred by plan in this plan year2024-10-08773206
Net assets as of the end of the plan year2024-10-0810922593
Total assets as of the beginning of the plan year2024-10-0810813568
Value of plan covered by a fidelity bond2024-10-083000000
Other expenses paid from plan in this plan year2024-10-0810464
Other contributions to plan in this plan year2024-10-080
Other income to plan in this plan year2024-10-08882231
Plan net income in this plan year2024-10-08109025
Net assets as of the end of the plan year2024-10-0810922593
Net assets as of the beginning of the plan year2024-10-0810813568
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-0894882
2022 : FIRST FEDERAL DEFINED BENEFIT PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-3,599,876
Expenses. Total of all expenses incurred2022-12-31$1,406,980
Benefits paid (including direct rollovers)2022-12-31$1,299,886
Total plan assets at end of year2022-12-31$10,813,568
Total plan assets at beginning of year2022-12-31$15,820,424
Value of fidelity bond covering the plan2022-12-31$3,000,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$9,944
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-3,599,876
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-5,006,856
Net plan assets at end of year (total assets less liabilities)2022-12-31$10,813,568
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$15,820,424
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2022-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2022-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$97,150
2021 : FIRST FEDERAL DEFINED BENEFIT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$14,705,316
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$1,709,629
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$594,521
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$502,307
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$15,820,424
Value of total assets at beginning of year2021-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$92,214
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$3,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
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$1,115,108
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,820,424
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$0
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 pooled separate accounts at end of year2021-12-31$15,820,424
Net investment gain/loss from pooled separate accounts2021-12-31$1,709,629
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$502,307
Contract administrator fees2021-12-31$92,214
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 name2021-12-31MOSS ADAMS
Accountancy firm EIN2021-12-31910189318

Form 5500 Responses for FIRST FEDERAL DEFINED BENEFIT PLAN

2022: FIRST FEDERAL DEFINED BENEFIT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan benefit arrangement – InsuranceYes
2021: FIRST FEDERAL DEFINED BENEFIT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number820337
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number820337
Policy instance 1

Potentially related plans

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

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

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

See full terms and conditions

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