AMERICAN COMMUNITY BANK & TRUST has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan AMERICAN COMMUNITY BANK & TRUST 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : AMERICAN COMMUNITY BANK & TRUST 401(K) PLAN 2025 401k financial data |
|---|
| Total liabilities as of the beginning of the plan year | 2025-06-06 | 0 |
| Total expenses incurred by plan in this plan year | 2025-06-06 | 315981 |
| Net assets as of the end of the plan year | 2025-06-06 | 14120363 |
| Total assets as of the beginning of the plan year | 2025-06-06 | 10985073 |
| Value of plan covered by a fidelity bond | 2025-06-06 | 7000000 |
| Participant contributions to plan in this plan year | 2025-06-06 | 889885 |
| Other contributions to plan in this plan year | 2025-06-06 | 684780 |
| Other income to plan in this plan year | 2025-06-06 | 1514496 |
| Plan net income in this plan year | 2025-06-06 | 3135290 |
| Net assets as of the end of the plan year | 2025-06-06 | 14120363 |
| Net assets as of the beginning of the plan year | 2025-06-06 | 10985073 |
| Employer contributions to plan in this plan year | 2025-06-06 | 362110 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-06-06 | 3961 |
| 2024 : AMERICAN COMMUNITY BANK & TRUST 401(K) PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-05-21 | 0 |
| Total liabilities as of the end of the plan year | 2024-05-21 | 0 |
| Total expenses incurred by plan in this plan year | 2024-05-21 | 465911 |
| Net assets as of the end of the plan year | 2024-05-21 | 10985073 |
| Total assets as of the beginning of the plan year | 2024-05-21 | 8751545 |
| Value of plan covered by a fidelity bond | 2024-05-21 | 7000000 |
| Participant contributions to plan in this plan year | 2024-05-21 | 718000 |
| Other expenses paid from plan in this plan year | 2024-05-21 | 0 |
| Other contributions to plan in this plan year | 2024-05-21 | 192633 |
| Other income to plan in this plan year | 2024-05-21 | 1491223 |
| Plan net income in this plan year | 2024-05-21 | 2233528 |
| Net assets as of the end of the plan year | 2024-05-21 | 10985073 |
| Net assets as of the beginning of the plan year | 2024-05-21 | 8751545 |
| Employer contributions to plan in this plan year | 2024-05-21 | 297583 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-05-21 | 2430 |
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