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SOUTH CAROLINA BANKERS EMPLOYEE TRUST 401k Plan overview

Plan NameSOUTH CAROLINA BANKERS EMPLOYEE TRUST
Plan identification number 502

SOUTH CAROLINA BANKERS EMPLOYEE TRUST Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental

401k Sponsoring company profile

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

Company Name:PINNACLE BANK
Employer identification number (EIN):113766006
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH CAROLINA BANKERS EMPLOYEE TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022014-01-01
5022013-01-01H. THOMAS WARREN, III2014-07-30
5022012-01-01H. THOMAS WARREN, III2013-07-29
5022011-01-01H THOMAS WARREN III2012-10-10
5022010-01-01H THOMAS WARREN III
5022009-01-01H THOMAS WARREN

Plan Statistics for SOUTH CAROLINA BANKERS EMPLOYEE TRUST

401k plan membership statisitcs for SOUTH CAROLINA BANKERS EMPLOYEE TRUST

Measure Date Value
2010: SOUTH CAROLINA BANKERS EMPLOYEE TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0125
Total number of active participants reported on line 7a of the Form 55002010-01-0124
Total of all active and inactive participants2010-01-0124
Total participants2010-01-0124
2009: SOUTH CAROLINA BANKERS EMPLOYEE TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0124
Total number of active participants reported on line 7a of the Form 55002009-01-0125
Total of all active and inactive participants2009-01-0125
Total participants2009-01-0125

Financial Data on SOUTH CAROLINA BANKERS EMPLOYEE TRUST

Measure Date Value
2010 : SOUTH CAROLINA BANKERS EMPLOYEE TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-31$1,100,000
Total plan liabilities at beginning of year2010-12-31$1,881,000
Total income from all sources2010-12-31$25,468,263
Expenses. Total of all expenses incurred2010-12-31$23,153,330
Benefits paid (including direct rollovers)2010-12-31$20,639,198
Total plan assets at end of year2010-12-31$4,296,418
Total plan assets at beginning of year2010-12-31$2,762,485
Value of fidelity bond covering the plan2010-12-31$1,000,000
Other income received2010-12-31$57,893
Net income (gross income less expenses)2010-12-31$2,314,933
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,196,418
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$881,485
Total contributions received or receivable from employer(s)2010-12-31$25,410,370
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,514,132

Form 5500 Responses for SOUTH CAROLINA BANKERS EMPLOYEE TRUST

2010: SOUTH CAROLINA BANKERS EMPLOYEE TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SOUTH CAROLINA BANKERS EMPLOYEE TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

METROPOLITAN LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65978 )
Policy contract numberTS05469906
Policy instance 1
Insurance contract or identification numberTS05469906
Number of Individuals Covered65
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $470
Dental Insurance Welfare BenefitYes
Welfare Benefit Premiums Paid to CarrierUSD $13,436
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUE CROSS BLUE SHIELD OF SOUTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 38520 )
Policy contract number03-55075
Policy instance 2
Insurance contract or identification number03-55075
Number of Individuals Covered17
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
BLUE CROSS BLUE SHIELD OF SOUTH CAROLINA (National Association of Insurance Commissioners NAIC id number: 38520 )
Policy contract number03-51237-08
Policy instance 3
Insurance contract or identification number03-51237-08
Number of Individuals Covered7
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Health Insurance Welfare BenefitYes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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