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COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 401k Plan overview

Plan NameCOMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN
Plan identification number 003

COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 FINANCIAL CORP. has sponsored the creation of one or more 401k plans.

Company Name:COMMUNITY FINANCIAL CORP.
Employer identification number (EIN):351636738
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about COMMUNITY FINANCIAL CORP.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2005-11-15
Company Identification Number: P05000151924
Legal Registered Office Address: 12908 HYLAND CIRCLE

BOCA RATON

33428

More information about COMMUNITY FINANCIAL CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01BONITA FLYNN2021-07-26
0032019-01-01BONITA FLYNN2020-12-11
0032018-01-01BONITA FLYNN2020-12-11
0032017-01-01
0032016-01-01
0032015-01-01

Plan Statistics for COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

401k plan membership statisitcs for COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Measure Date Value
2022: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0192
Total number of active participants reported on line 7a of the Form 55002022-01-0166
Number of retired or separated participants receiving benefits2022-01-018
Number of other retired or separated participants entitled to future benefits2022-01-0128
Total of all active and inactive participants2022-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01102
Number of participants with account balances2022-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-014
2021: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0180
Total number of active participants reported on line 7a of the Form 55002021-01-0157
Number of retired or separated participants receiving benefits2021-01-015
Number of other retired or separated participants entitled to future benefits2021-01-0130
Total of all active and inactive participants2021-01-0192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0192
Number of participants with account balances2021-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-015
2020: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0179
Total number of active participants reported on line 7a of the Form 55002020-01-0153
Number of retired or separated participants receiving benefits2020-01-017
Number of other retired or separated participants entitled to future benefits2020-01-0120
Total of all active and inactive participants2020-01-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0180
Number of participants with account balances2020-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0175
Total number of active participants reported on line 7a of the Form 55002019-01-0152
Number of retired or separated participants receiving benefits2019-01-014
Number of other retired or separated participants entitled to future benefits2019-01-0123
Total of all active and inactive participants2019-01-0179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0179
Number of participants with account balances2019-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-015
2018: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0156
Total number of active participants reported on line 7a of the Form 55002018-01-0142
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-0114
Total of all active and inactive participants2018-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0159
Number of participants with account balances2018-01-0159
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0153
Total number of active participants reported on line 7a of the Form 55002017-01-0139
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0111
Total of all active and inactive participants2017-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0152
Number of participants with account balances2017-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0167
Total number of active participants reported on line 7a of the Form 55002016-01-0140
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0114
Total of all active and inactive participants2016-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0154
Number of participants with account balances2016-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0166
Total number of active participants reported on line 7a of the Form 55002015-01-0138
Number of retired or separated participants receiving benefits2015-01-014
Number of other retired or separated participants entitled to future benefits2015-01-0126
Total of all active and inactive participants2015-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0168
Number of participants with account balances2015-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013

Financial Data on COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

Measure Date Value
2022 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$953
Total plan liabilities at beginning of year2022-12-31$953
Total income from all sources2022-12-31$585,614
Expenses. Total of all expenses incurred2022-12-31$387,248
Benefits paid (including direct rollovers)2022-12-31$387,248
Total plan assets at end of year2022-12-31$5,925,976
Total plan assets at beginning of year2022-12-31$5,727,610
Value of fidelity bond covering the plan2022-12-31$3,000,000
Total contributions received or receivable from participants2022-12-31$262,836
Contributions received from other sources (not participants or employers)2022-12-31$464,885
Other income received2022-12-31$-395,839
Net income (gross income less expenses)2022-12-31$198,366
Net plan assets at end of year (total assets less liabilities)2022-12-31$5,925,023
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,726,657
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$39
Assets. Value of employer securities2022-12-31$3,394,534
Total contributions received or receivable from employer(s)2022-12-31$253,732
2021 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$953
Total plan liabilities at beginning of year2021-12-31$953
Total income from all sources2021-12-31$1,008,177
Expenses. Total of all expenses incurred2021-12-31$901,205
Benefits paid (including direct rollovers)2021-12-31$900,580
Total plan assets at end of year2021-12-31$5,727,610
Total plan assets at beginning of year2021-12-31$5,620,638
Value of fidelity bond covering the plan2021-12-31$3,000,000
Total contributions received or receivable from participants2021-12-31$186,359
Other income received2021-12-31$596,401
Net income (gross income less expenses)2021-12-31$106,972
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,726,657
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,619,685
Assets. Value of employer securities2021-12-31$3,567,620
Total contributions received or receivable from employer(s)2021-12-31$225,417
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$625
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$953
Total plan liabilities at beginning of year2020-12-31$953
Total income from all sources2020-12-31$803,173
Expenses. Total of all expenses incurred2020-12-31$194,958
Benefits paid (including direct rollovers)2020-12-31$194,168
Total plan assets at end of year2020-12-31$5,620,638
Total plan assets at beginning of year2020-12-31$5,012,423
Value of fidelity bond covering the plan2020-12-31$3,000,000
Total contributions received or receivable from participants2020-12-31$185,985
Expenses. Other expenses not covered elsewhere2020-12-31$790
Other income received2020-12-31$392,930
Noncash contributions received2020-12-31$222,522
Net income (gross income less expenses)2020-12-31$608,215
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,619,685
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,011,470
Assets. Value of employer securities2020-12-31$3,321,474
Total contributions received or receivable from employer(s)2020-12-31$1,736
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$953
Total plan liabilities at beginning of year2019-12-31$953
Total income from all sources2019-12-31$1,059,701
Expenses. Total of all expenses incurred2019-12-31$174,095
Benefits paid (including direct rollovers)2019-12-31$174,095
Total plan assets at end of year2019-12-31$5,012,423
Total plan assets at beginning of year2019-12-31$4,126,817
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$190,959
Contributions received from other sources (not participants or employers)2019-12-31$32,582
Other income received2019-12-31$614,059
Net income (gross income less expenses)2019-12-31$885,606
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,011,470
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,125,864
Assets. Value of employer securities2019-12-31$3,002,832
Total contributions received or receivable from employer(s)2019-12-31$222,101
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$953
Total plan liabilities at beginning of year2018-12-31$1,095
Total income from all sources2018-12-31$447,931
Expenses. Total of all expenses incurred2018-12-31$110,392
Benefits paid (including direct rollovers)2018-12-31$109,867
Total plan assets at end of year2018-12-31$4,126,817
Total plan assets at beginning of year2018-12-31$3,789,420
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$154,164
Expenses. Other expenses not covered elsewhere2018-12-31$525
Other income received2018-12-31$101,636
Net income (gross income less expenses)2018-12-31$337,539
Net plan assets at end of year (total assets less liabilities)2018-12-31$4,125,864
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$3,788,325
Assets. Value of participant loans2018-12-31$0
Assets. Value of employer securities2018-12-31$2,361,617
Total contributions received or receivable from employer(s)2018-12-31$192,131
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$1,095
Total plan liabilities at beginning of year2017-12-31$953
Total income from all sources2017-12-31$797,896
Expenses. Total of all expenses incurred2017-12-31$299,923
Benefits paid (including direct rollovers)2017-12-31$299,426
Total plan assets at end of year2017-12-31$3,789,420
Total plan assets at beginning of year2017-12-31$3,291,305
Value of fidelity bond covering the plan2017-12-31$3,000,000
Total contributions received or receivable from participants2017-12-31$151,226
Contributions received from other sources (not participants or employers)2017-12-31$1,796
Other income received2017-12-31$484,573
Net income (gross income less expenses)2017-12-31$497,973
Net plan assets at end of year (total assets less liabilities)2017-12-31$3,788,325
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,290,352
Assets. Value of participant loans2017-12-31$471
Assets. Value of employer securities2017-12-31$2,200,057
Total contributions received or receivable from employer(s)2017-12-31$160,301
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$497
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$953
Total plan liabilities at beginning of year2016-12-31$1,273
Total income from all sources2016-12-31$680,544
Expenses. Total of all expenses incurred2016-12-31$562,371
Benefits paid (including direct rollovers)2016-12-31$561,146
Total plan assets at end of year2016-12-31$3,291,305
Total plan assets at beginning of year2016-12-31$3,173,452
Value of fidelity bond covering the plan2016-12-31$3,000,000
Total contributions received or receivable from participants2016-12-31$111,071
Expenses. Other expenses not covered elsewhere2016-12-31$1,225
Contributions received from other sources (not participants or employers)2016-12-31$60,108
Other income received2016-12-31$335,606
Net income (gross income less expenses)2016-12-31$118,173
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,290,352
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,172,179
Assets. Value of participant loans2016-12-31$1,864
Assets. Value of employer securities2016-12-31$2,021,630
Total contributions received or receivable from employer(s)2016-12-31$173,759
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$1,273
Total plan liabilities at beginning of year2015-12-31$57,255
Total income from all sources2015-12-31$402,681
Expenses. Total of all expenses incurred2015-12-31$162,708
Benefits paid (including direct rollovers)2015-12-31$158,853
Total plan assets at end of year2015-12-31$3,173,452
Total plan assets at beginning of year2015-12-31$2,989,461
Value of fidelity bond covering the plan2015-12-31$2,000,000
Total contributions received or receivable from participants2015-12-31$107,912
Expenses. Other expenses not covered elsewhere2015-12-31$3,855
Contributions received from other sources (not participants or employers)2015-12-31$316
Other income received2015-12-31$160,527
Net income (gross income less expenses)2015-12-31$239,973
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,172,179
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,932,206
Assets. Value of participant loans2015-12-31$4,896
Assets. Value of employer securities2015-12-31$1,800,655
Total contributions received or receivable from employer(s)2015-12-31$133,926
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN

2022: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
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: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) 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: COMMUNITY FINANCIAL CORP. EMPLOYEE STOCK OWNERSHIP AND 401(K) 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

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