First International Bank & Trust 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

First International Bank & Trust 401(k) Plan Facts (plan year 2019)

Plan name
FIB&T 401(K) SOLUTIONS, AS ADOPTED BY LIGNITE ENERGY COUNCIL
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FIRST INTERNATIONAL BANK & TRUST
Participants
13 (9 active employees)
Plan assets
$4,737,125 at Dec 31, 2019
Average account balance
$394,760 across 12 accounts
Employer contributions
$188,475 in plan year 2019 (39% of all contributions)
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 1991
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500-SF for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 14, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $488,429 went into the plan in contributions, $188,475 of it from the employer (39%).
  • $267,224 was paid out to participants.
  • Investment and other income added $699,863.

First International Bank & Trust 401(k) Contact Information

Phone
701-842-2381
Mailing address
100 NORTH MAIN STREET, WATFORD CITY ND 58854
Plan sponsor
FIRST INTERNATIONAL BANK & TRUST
Plan administrator
PENTEGRA SERVICES, INC.
Employer identification number (EIN)
45-0134280
Plan number
012

Questions about the First International Bank & Trust 401(k)

Is the First International Bank & Trust 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does First International Bank & Trust contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $188,475, 39% of all contributions.

Does the First International Bank & Trust 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the First International Bank & Trust 401(k) plan?

13 participants at the start of plan year 2019, 9 of them active employees.

What is the average 401(k) balance at First International Bank & Trust?

About $394,760 per account: $4.74 million in plan assets across 12 accounts with a balance at the end of plan year 2019.

Who manages the First International Bank & Trust 401(k) accounts?

Pentegra Retirement Services is the plan's recordkeeper, which is where participants log in to see their balance.

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