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FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:COMMUNITY BANK
Employer identification number (EIN):250393033
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about COMMUNITY BANK

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number: 3738333

More information about COMMUNITY BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032015-01-01KEVIN D. LEMLEY
0032014-01-01KEVIN D. LEMLEY

Plan Statistics for FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015: FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0197
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01105
Total number of active participants reported on line 7a of the Form 55002014-01-0149
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0148
Total of all active and inactive participants2014-01-0197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0197
Number of participants with account balances2014-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015 : FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$137,855
Expenses. Total of all expenses incurred2015-12-31$2,380,387
Benefits paid (including direct rollovers)2015-12-31$2,374,015
Total plan assets at end of year2015-12-31$0
Total plan assets at beginning of year2015-12-31$2,242,532
Value of fidelity bond covering the plan2015-12-31$5,500,000
Other income received2015-12-31$137,855
Net income (gross income less expenses)2015-12-31$-2,242,532
Net plan assets at end of year (total assets less liabilities)2015-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,242,532
Assets. Value of employer securities2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$6,372
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$256,364
Expenses. Total of all expenses incurred2014-12-31$100,971
Benefits paid (including direct rollovers)2014-12-31$98,830
Total plan assets at end of year2014-12-31$2,242,532
Total plan assets at beginning of year2014-12-31$2,087,139
Value of fidelity bond covering the plan2014-12-31$5,500,000
Other income received2014-12-31$256,364
Net income (gross income less expenses)2014-12-31$155,393
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,242,532
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,087,139
Assets. Value of employer securities2014-12-31$1,880,398
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$2,141
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

2015: FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP 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 filingYes
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: FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP 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

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