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OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 401k Plan overview

Plan NameOCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN
Plan identification number 002

OCEAN CITY HOME BANK SAVINGS & INVESTMENT 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

OCEAN CITY HOME BANK has sponsored the creation of one or more 401k plans.

Company Name:OCEAN CITY HOME BANK
Employer identification number (EIN):210478350
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01JENNIFER W. INGENITO
0022017-01-01JENNIFER W. INGENITO
0022017-01-01JENNIFER W. INGENITO
0022016-01-01SHARON L. TAGGART
0022015-01-01SHARON L. TAGGART
0022014-01-01SHARON L. TAGGART
0022013-01-01SHARON TAGGART
0022012-01-01SHARON TAGGART
0022011-01-01SHARON TAGGART
0022009-01-01SHARON L TAGGART SHARON L TAGGART2010-10-13

Financial Data on OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN

Measure Date Value
2018 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-01-31$0
Total transfer of assets from this plan2018-01-31$2,414,289
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-01-31$0
Total income from all sources (including contributions)2018-01-31$0
Total loss/gain on sale of assets2018-01-31$0
Total of all expenses incurred2018-01-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-01-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-01-31$0
Value of total assets at end of year2018-01-31$0
Value of total assets at beginning of year2018-01-31$2,414,289
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-01-31$0
Total interest from all sources2018-01-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-01-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-01-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-01-31$0
Was this plan covered by a fidelity bond2018-01-31Yes
Value of fidelity bond cover2018-01-31$20,000,000
If this is an individual account plan, was there a blackout period2018-01-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-01-31$0
Were there any nonexempt tranactions with any party-in-interest2018-01-31No
Participant contributions at end of year2018-01-31$0
Participant contributions at beginning of year2018-01-31$187,091
Participant contributions at end of year2018-01-31$0
Participant contributions at beginning of year2018-01-31$12,278
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-31No
Value of net income/loss2018-01-31$0
Value of net assets at end of year (total assets less liabilities)2018-01-31$0
Value of net assets at beginning of year (total assets less liabilities)2018-01-31$2,414,289
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-01-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-01-31No
Were any leases to which the plan was party in default or uncollectible2018-01-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-01-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-01-31$0
Value of interest in common/collective trusts at end of year2018-01-31$0
Value of interest in common/collective trusts at beginning of year2018-01-31$700,518
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-01-31No
Was there a failure to transmit to the plan any participant contributions2018-01-31No
Has the plan failed to provide any benefit when due under the plan2018-01-31No
Assets. Invements in employer securities at end of year2018-01-31$0
Assets. Invements in employer securities at beginning of year2018-01-31$1,508,661
Employer contributions (assets) at end of year2018-01-31$0
Employer contributions (assets) at beginning of year2018-01-31$5,741
Did the plan have assets held for investment2018-01-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-01-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-01-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-01-31No
Opinion of an independent qualified public accountant for this plan2018-01-31Unqualified
2017 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets from this plan2017-12-31$7,193,474
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$1,793,070
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$8,393,552
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$8,330,735
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$639,296
Value of total assets at end of year2017-12-31$2,414,289
Value of total assets at beginning of year2017-12-31$16,208,245
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$62,817
Total interest from all sources2017-12-31$10,957
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$351,482
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$294,512
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$20,000,000
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$438,694
Participant contributions at end of year2017-12-31$187,091
Participant contributions at beginning of year2017-12-31$400,429
Participant contributions at end of year2017-12-31$12,278
Participant contributions at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$249
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$-6,600,482
Value of net assets at end of year (total assets less liabilities)2017-12-31$2,414,289
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$16,208,245
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
Investment advisory and management fees2017-12-31$22,186
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$9,010,999
Interest on participant loans2017-12-31$10,957
Value of interest in common/collective trusts at end of year2017-12-31$700,518
Value of interest in common/collective trusts at beginning of year2017-12-31$2,221,494
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$768,120
Net investment gain or loss from common/collective trusts2017-12-31$22,966
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$1,508,661
Assets. Invements in employer securities at beginning of year2017-12-31$4,575,323
Contributions received in cash from employer2017-12-31$200,602
Employer contributions (assets) at end of year2017-12-31$5,741
Employer contributions (assets) at beginning of year2017-12-31$0
Income. Dividends from common stock2017-12-31$56,970
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$8,330,735
Contract administrator fees2017-12-31$40,631
Liabilities. Value of benefit claims payable at end of year2017-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
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 PBGC2017-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31FRIEDMAN LLP
Accountancy firm EIN2017-12-31131610809
2016 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$2,189
Total income from all sources (including contributions)2016-12-31$4,143,936
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$749,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$686,369
Expenses. Certain deemed distributions of participant loans2016-12-31$1,988
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$906,411
Value of total assets at end of year2016-12-31$16,208,245
Value of total assets at beginning of year2016-12-31$12,816,129
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$61,274
Total interest from all sources2016-12-31$17,744
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$259,171
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$231,654
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$657,344
Participant contributions at end of year2016-12-31$400,429
Participant contributions at beginning of year2016-12-31$381,132
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$2,317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$3,394,305
Value of net assets at end of year (total assets less liabilities)2016-12-31$16,208,245
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$12,813,940
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$25,827
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$9,010,999
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$7,936,825
Interest on participant loans2016-12-31$17,744
Value of interest in common/collective trusts at end of year2016-12-31$2,221,494
Value of interest in common/collective trusts at beginning of year2016-12-31$1,912,321
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,932,731
Net investment gain or loss from common/collective trusts2016-12-31$27,879
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$4,575,323
Assets. Invements in employer securities at beginning of year2016-12-31$2,585,851
Contributions received in cash from employer2016-12-31$246,750
Income. Dividends from common stock2016-12-31$27,517
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$686,369
Contract administrator fees2016-12-31$35,447
Liabilities. Value of benefit claims payable at end of year2016-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$2,189
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31FRIEDMAN LLP
Accountancy firm EIN2016-12-31131610809
2015 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$7,619
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$2,189
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,396,248
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$494,151
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$433,570
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$844,791
Value of total assets at end of year2015-12-31$12,816,129
Value of total assets at beginning of year2015-12-31$11,904,224
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$60,581
Total interest from all sources2015-12-31$15,174
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$377,874
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$342,564
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$625,550
Participant contributions at end of year2015-12-31$381,132
Participant contributions at beginning of year2015-12-31$375,999
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$902,097
Value of net assets at end of year (total assets less liabilities)2015-12-31$12,813,940
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$11,904,224
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$23,775
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$7,936,825
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$7,706,522
Interest on participant loans2015-12-31$15,174
Value of interest in common/collective trusts at end of year2015-12-31$1,912,321
Value of interest in common/collective trusts at beginning of year2015-12-31$1,772,579
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$132,306
Net investment gain or loss from common/collective trusts2015-12-31$26,103
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$2,585,851
Assets. Invements in employer securities at beginning of year2015-12-31$2,049,124
Contributions received in cash from employer2015-12-31$219,241
Income. Dividends from common stock2015-12-31$35,310
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$433,570
Contract administrator fees2015-12-31$36,806
Liabilities. Value of benefit claims payable at end of year2015-12-31$2,189
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31FRIEDMAN LLP
Accountancy firm EIN2015-12-31131610809
2014 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,453,018
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$379,347
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$373,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$824,561
Value of total assets at end of year2014-12-31$11,904,224
Value of total assets at beginning of year2014-12-31$10,830,553
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$6,021
Total interest from all sources2014-12-31$14,380
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$395,324
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$353,073
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$7,000,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$574,821
Participant contributions at end of year2014-12-31$375,999
Participant contributions at beginning of year2014-12-31$322,341
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$48,222
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,073,671
Value of net assets at end of year (total assets less liabilities)2014-12-31$11,904,224
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,830,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$7,706,522
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$6,825,395
Interest on participant loans2014-12-31$14,380
Value of interest in common/collective trusts at end of year2014-12-31$1,772,579
Value of interest in common/collective trusts at beginning of year2014-12-31$1,773,874
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$209,327
Net investment gain or loss from common/collective trusts2014-12-31$9,426
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$2,049,124
Assets. Invements in employer securities at beginning of year2014-12-31$1,908,943
Contributions received in cash from employer2014-12-31$201,518
Income. Dividends from common stock2014-12-31$42,251
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$373,326
Contract administrator fees2014-12-31$6,021
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31FRIEDMAN LLP
Accountancy firm EIN2014-12-31131610809
2013 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$-180,108
Total unrealized appreciation/depreciation of assets2013-12-31$-180,108
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,996,769
Total loss/gain on sale of assets2013-12-31$17,662
Total of all expenses incurred2013-12-31$291,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$290,197
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$860,506
Value of total assets at end of year2013-12-31$10,830,553
Value of total assets at beginning of year2013-12-31$9,125,491
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,510
Total interest from all sources2013-12-31$15,897
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$96,583
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$63,334
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$557,651
Participant contributions at end of year2013-12-31$322,341
Participant contributions at beginning of year2013-12-31$419,997
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$107,066
Administrative expenses (other) incurred2013-12-31$1,510
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,705,062
Value of net assets at end of year (total assets less liabilities)2013-12-31$10,830,553
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$9,125,491
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$6,825,395
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$5,215,317
Interest on participant loans2013-12-31$15,897
Value of interest in common/collective trusts at end of year2013-12-31$1,773,874
Value of interest in common/collective trusts at beginning of year2013-12-31$1,434,904
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,197,748
Net investment gain or loss from common/collective trusts2013-12-31$-11,519
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$1,908,943
Assets. Invements in employer securities at beginning of year2013-12-31$2,055,273
Contributions received in cash from employer2013-12-31$195,789
Income. Dividends from common stock2013-12-31$33,249
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$290,197
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$59,129
Aggregate carrying amount (costs) on sale of assets2013-12-31$41,467
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31FREIDMAN LLP
Accountancy firm EIN2013-12-31131610809
2012 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$614,664
Total unrealized appreciation/depreciation of assets2012-12-31$614,664
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,301,870
Total loss/gain on sale of assets2012-12-31$9,944
Total of all expenses incurred2012-12-31$504,955
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$502,809
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$938,430
Value of total assets at end of year2012-12-31$9,125,491
Value of total assets at beginning of year2012-12-31$7,328,576
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,146
Total interest from all sources2012-12-31$14,743
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$96,181
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$63,280
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,300,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$551,057
Participant contributions at end of year2012-12-31$419,997
Participant contributions at beginning of year2012-12-31$295,371
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$157,486
Administrative expenses (other) incurred2012-12-31$2,146
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,796,915
Value of net assets at end of year (total assets less liabilities)2012-12-31$9,125,491
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,328,576
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$5,215,317
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$4,346,821
Interest on participant loans2012-12-31$14,743
Value of interest in common/collective trusts at end of year2012-12-31$1,434,904
Value of interest in common/collective trusts at beginning of year2012-12-31$1,304,142
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$569,634
Net investment gain or loss from common/collective trusts2012-12-31$58,274
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$2,055,273
Assets. Invements in employer securities at beginning of year2012-12-31$1,382,242
Contributions received in cash from employer2012-12-31$229,887
Income. Dividends from common stock2012-12-31$32,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$502,809
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$35,783
Aggregate carrying amount (costs) on sale of assets2012-12-31$25,839
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31FRIEDMAN LLP
Accountancy firm EIN2012-12-31131610809
2011 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$-164,890
Total unrealized appreciation/depreciation of assets2011-12-31$-164,890
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$847,896
Total loss/gain on sale of assets2011-12-31$-7,223
Total of all expenses incurred2011-12-31$188,954
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$186,453
Expenses. Certain deemed distributions of participant loans2011-12-31$1,097
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,045,790
Value of total assets at end of year2011-12-31$7,328,576
Value of total assets at beginning of year2011-12-31$6,669,634
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,404
Total interest from all sources2011-12-31$15,976
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$82,204
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$50,395
Administrative expenses professional fees incurred2011-12-31$1,404
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,300,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$464,976
Participant contributions at end of year2011-12-31$295,371
Participant contributions at beginning of year2011-12-31$319,557
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$398,413
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$658,942
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,328,576
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,669,634
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$4,346,821
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$4,026,368
Interest on participant loans2011-12-31$15,976
Value of interest in common/collective trusts at end of year2011-12-31$1,304,142
Value of interest in common/collective trusts at beginning of year2011-12-31$848,230
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-140,113
Net investment gain or loss from common/collective trusts2011-12-31$16,152
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$1,382,242
Assets. Invements in employer securities at beginning of year2011-12-31$1,475,479
Contributions received in cash from employer2011-12-31$182,401
Income. Dividends from common stock2011-12-31$31,809
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$186,453
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$58,642
Aggregate carrying amount (costs) on sale of assets2011-12-31$65,865
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31FRIEDMAN LLP
Accountancy firm EIN2011-12-31131610809
2010 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$305,514
Total unrealized appreciation/depreciation of assets2010-12-31$305,514
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,446,323
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$304,457
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$303,323
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$635,741
Value of total assets at end of year2010-12-31$6,669,634
Value of total assets at beginning of year2010-12-31$5,527,768
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,134
Total interest from all sources2010-12-31$16,886
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$75,301
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$45,769
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$2,300,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$427,571
Participant contributions at end of year2010-12-31$319,557
Participant contributions at beginning of year2010-12-31$300,484
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$21,818
Administrative expenses (other) incurred2010-12-31$1,134
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,141,866
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,669,634
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,527,768
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$4,026,368
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,439,428
Interest on participant loans2010-12-31$16,886
Value of interest in common/collective trusts at end of year2010-12-31$848,230
Value of interest in common/collective trusts at beginning of year2010-12-31$713,321
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$396,226
Net investment gain or loss from common/collective trusts2010-12-31$16,655
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$1,475,479
Assets. Invements in employer securities at beginning of year2010-12-31$1,074,535
Contributions received in cash from employer2010-12-31$186,352
Income. Dividends from common stock2010-12-31$29,532
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$303,323
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31FREIDMAN LLP
Accountancy firm EIN2010-12-31131610809
2009 : OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN

2018: OCEAN CITY HOME BANK SAVINGS & INVESTMENT 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 filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingYes
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
2016: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: OCEAN CITY HOME BANK SAVINGS & INVESTMENT PLAN 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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