Home   >   State Bancorp, Inc. Employee Stock Ownership Plan  >  Form 5500
   Basic Info | Financials | Service Providers | Investments | Insurance Information

Company:
State Bancorp, Inc.

Plan:
State Bancorp, Inc. Employee Stock Ownership Plan
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Form 5500 | Basic Information
Plan Information
Plan Year 01/01/2011 — 12/31/2011
Effective Date of Plan 06/01/1976
Net Assets as of 12/31/2011 $14,626,244
Plan Number 1
Plan Type Single Employer
Is the plan collectively bargained? No
Did the plan file for an extension of time or the DFVC Program? Yes
Plan Funding Arrangement Insurance
Trust
Plan Benefit Arrangement Insurance
Trust

Participant Information as of 12/31/2011
Active (Eligible) Participants 215
Retired or separated participants receiving benefits 1
Other retired or separated participants entitled to future benefits 125
Subtotal 341
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits 0
Total 341
Total number of participants as of 01/01/2011 353
Number of participants with account balances 341
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 18

Plan Sponsor Information
Address 2 Jericho Plaza, Wing C
Jericho, NY 11753
Telephone (516) 465-2260
EIN 11-2846511
Industry Code 522110
Named Administrator Mary Durkin

Plan Administrator Information
Administrator Name State Bancorp, Inc.
Address 2 Jericho Plaza, Wing C
Jericho, NY 11753
Telephone (516) 465-2260
Administrator EIN 11-2846511

Audit Information
Audit Status Audited
Auditor Eichen & Dimeglio P.C.
Auditor EIN 11-3320902
Audit Opinion Unqualified
Audit Type Full Audit

Benefits Provided Under the Plan
Code Benefit Description
2C Money purchase A pension plan, other than a target benefit plan that requires a fixed percentage of compensation to be contributed to each eligible employee.
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3J Puerto Rico Plan U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 8565 of the Puerto Rico Code.

  Question Answer Amount
1. During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No  
2. Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No  
3. Were any leases to which the plan was a party in default or classified during the year as uncollectible? No  
4. Were there any nonexempt transactions with any party-in-interest? No  
5. Was this plan covered by a fidelity bond? Yes $10,000,000
6. Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No  
7. Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
8. Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No  
9. Did the plan have assets held for investment? Yes  
10. Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes  
11. Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No  
12. Has the plan failed to provide any benefit when due under the plan? No  
13. If this is an individual account plan, was there a blackout period? No  
14. If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?