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UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameUNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

UNIVERISTY BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:UNIVERISTY BANCORP, INC.
Employer identification number (EIN):382929531
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01CATHERINE YATSON2023-10-13
0022021-01-01CATHERINE YATSON2022-10-14
0022020-01-01CATHERINE REVORD2021-10-15
0022019-01-01CATHERINE REVORD2020-10-14
0022018-01-01CATHERINE REVORD2019-10-14
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01CATHY REVORD
0022013-01-01
0022012-01-01JAMES NAIDA
0022011-01-01JAMES NAIDA
0022010-01-01JAMES NAIDA
0022009-01-01JAMES NAIDA

Plan Statistics for UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01630
Total number of active participants reported on line 7a of the Form 55002022-01-01484
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01191
Total of all active and inactive participants2022-01-01675
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01676
Number of participants with account balances2022-01-01609
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0165
2021: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01585
Total number of active participants reported on line 7a of the Form 55002021-01-01496
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01126
Total of all active and inactive participants2021-01-01622
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01623
Number of participants with account balances2021-01-01588
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0141
2020: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01520
Total number of active participants reported on line 7a of the Form 55002020-01-01444
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01131
Total of all active and inactive participants2020-01-01575
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01577
Number of participants with account balances2020-01-01551
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0137
2019: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01461
Total number of active participants reported on line 7a of the Form 55002019-01-01405
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01106
Total of all active and inactive participants2019-01-01511
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01511
Number of participants with account balances2019-01-01455
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0136
2018: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01520
Total number of active participants reported on line 7a of the Form 55002018-01-01354
Number of retired or separated participants receiving benefits2018-01-0124
Number of other retired or separated participants entitled to future benefits2018-01-0172
Total of all active and inactive participants2018-01-01450
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-012
Total participants2018-01-01452
Number of participants with account balances2018-01-01433
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0142
2017: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01464
Total number of active participants reported on line 7a of the Form 55002017-01-01361
Number of retired or separated participants receiving benefits2017-01-0133
Number of other retired or separated participants entitled to future benefits2017-01-01116
Total of all active and inactive participants2017-01-01510
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01512
Number of participants with account balances2017-01-01479
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0127
2016: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01365
Total number of active participants reported on line 7a of the Form 55002016-01-01319
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01131
Total of all active and inactive participants2016-01-01450
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01451
Number of participants with account balances2016-01-01409
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0118
2015: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01335
Total number of active participants reported on line 7a of the Form 55002015-01-01244
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0192
Total of all active and inactive participants2015-01-01336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01337
Number of participants with account balances2015-01-01337
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0112
2014: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01290
Total number of active participants reported on line 7a of the Form 55002014-01-01234
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0165
Total of all active and inactive participants2014-01-01299
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01299
Number of participants with account balances2014-01-01274
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0122
2013: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01278
Total number of active participants reported on line 7a of the Form 55002013-01-01246
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0150
Total of all active and inactive participants2013-01-01296
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01296
Number of participants with account balances2013-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0139
2012: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0116
Total number of active participants reported on line 7a of the Form 55002012-01-018
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0116
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0116
Total number of active participants reported on line 7a of the Form 55002011-01-018
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-0116
Total participants2011-01-0116
Number of participants with account balances2011-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0116
Total number of active participants reported on line 7a of the Form 55002010-01-0110
Number of other retired or separated participants entitled to future benefits2010-01-016
Total of all active and inactive participants2010-01-0116
Total participants2010-01-0116
Number of participants with account balances2010-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0116
Total number of active participants reported on line 7a of the Form 55002009-01-0110
Number of other retired or separated participants entitled to future benefits2009-01-016
Total of all active and inactive participants2009-01-0116
Total participants2009-01-0116
Number of participants with account balances2009-01-0116

Financial Data on UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-483,729
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,540,919
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,406,736
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,138,256
Value of total assets at end of year2022-12-31$25,299,844
Value of total assets at beginning of year2022-12-31$27,324,492
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$134,183
Total interest from all sources2022-12-31$20,816
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$404,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$285,813
Administrative expenses professional fees incurred2022-12-31$134,183
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,635,406
Participant contributions at end of year2022-12-31$684,256
Participant contributions at beginning of year2022-12-31$290,575
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$11,159,931
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$11,732,887
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$62,692
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$171,013
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$-1,475,525
Total non interest bearing cash at end of year2022-12-31$168,334
Total non interest bearing cash at beginning of year2022-12-31$107,160
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-2,024,648
Value of net assets at end of year (total assets less liabilities)2022-12-31$25,299,844
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$27,324,492
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$1,760,274
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$1,719,066
Interest on participant loans2022-12-31$20,816
Value of interest in common/collective trusts at end of year2022-12-31$4,031,831
Value of interest in common/collective trusts at beginning of year2022-12-31$4,253,311
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,403,658
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$2,477,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$2,477,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-3,571,761
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$4,916,451
Assets. Invements in employer securities at beginning of year2022-12-31$5,646,784
Contributions received in cash from employer2022-12-31$1,440,158
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$1,093,606
Income. Dividends from common stock2022-12-31$118,672
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,406,736
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$4,096
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$3,643
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BDO USA, P.C.
Accountancy firm EIN2022-12-31135381590
2021 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$9,847,581
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$622,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$498,714
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$5,794,197
Value of total assets at end of year2021-12-31$27,324,492
Value of total assets at beginning of year2021-12-31$18,099,439
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$123,814
Total interest from all sources2021-12-31$17,115
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$216,404
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$216,404
Administrative expenses professional fees incurred2021-12-31$123,814
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,586,819
Participant contributions at end of year2021-12-31$290,575
Participant contributions at beginning of year2021-12-31$286,645
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$1,409
Assets. Other investments not covered elsewhere at end of year2021-12-31$11,732,887
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$7,351,943
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$526,828
Other income not declared elsewhere2021-12-31$1,689,020
Total non interest bearing cash at end of year2021-12-31$107,160
Total non interest bearing cash at beginning of year2021-12-31$304,442
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$9,225,053
Value of net assets at end of year (total assets less liabilities)2021-12-31$27,324,492
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$18,099,439
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$1,719,066
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$977,935
Interest on participant loans2021-12-31$17,115
Value of interest in common/collective trusts at end of year2021-12-31$4,253,311
Value of interest in common/collective trusts at beginning of year2021-12-31$2,956,770
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$2,477,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$2,209,111
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$2,209,111
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,130,845
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$5,646,784
Assets. Invements in employer securities at beginning of year2021-12-31$1,979,658
Contributions received in cash from employer2021-12-31$2,680,550
Employer contributions (assets) at end of year2021-12-31$1,093,606
Employer contributions (assets) at beginning of year2021-12-31$1,961,836
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$498,714
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$3,643
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$69,690
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA, LLP
Accountancy firm EIN2021-12-31135381590
2020 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$6,941,863
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$667,501
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$584,308
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$4,408,770
Value of total assets at end of year2020-12-31$18,099,439
Value of total assets at beginning of year2020-12-31$11,825,077
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$83,193
Total interest from all sources2020-12-31$21,080
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$211,455
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$211,455
Administrative expenses professional fees incurred2020-12-31$83,193
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,902,222
Participant contributions at end of year2020-12-31$286,645
Participant contributions at beginning of year2020-12-31$421,093
Participant contributions at end of year2020-12-31$1,409
Participant contributions at beginning of year2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$7,351,943
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$186,634
Other income not declared elsewhere2020-12-31$1,140,181
Total non interest bearing cash at end of year2020-12-31$304,442
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$6,274,362
Value of net assets at end of year (total assets less liabilities)2020-12-31$18,099,439
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,825,077
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$977,935
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$10,090,590
Interest on participant loans2020-12-31$21,080
Value of interest in common/collective trusts at end of year2020-12-31$2,956,770
Value of interest in common/collective trusts at beginning of year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$2,209,111
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$132,114
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$132,114
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,160,377
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$1,979,658
Assets. Invements in employer securities at beginning of year2020-12-31$0
Contributions received in cash from employer2020-12-31$2,319,914
Employer contributions (assets) at end of year2020-12-31$1,961,836
Employer contributions (assets) at beginning of year2020-12-31$390,866
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$584,308
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$69,690
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$790,414
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2019 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$3,146,916
Total income from all sources (including contributions)2019-12-31$3,146,916
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$626,523
Total of all expenses incurred2019-12-31$626,523
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$541,141
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$541,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,893,876
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,893,876
Value of total assets at end of year2019-12-31$11,825,077
Value of total assets at end of year2019-12-31$11,825,077
Value of total assets at beginning of year2019-12-31$9,304,684
Value of total assets at beginning of year2019-12-31$9,304,684
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$85,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$85,382
Total interest from all sources2019-12-31$22,743
Total interest from all sources2019-12-31$22,743
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Administrative expenses professional fees incurred2019-12-31$85,382
Administrative expenses professional fees incurred2019-12-31$85,382
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,280,143
Contributions received from participants2019-12-31$1,280,143
Participant contributions at end of year2019-12-31$421,093
Participant contributions at end of year2019-12-31$421,093
Participant contributions at beginning of year2019-12-31$441,725
Participant contributions at beginning of year2019-12-31$441,725
Participant contributions at end of year2019-12-31$0
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$28,920
Participant contributions at beginning of year2019-12-31$28,920
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$222,867
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$222,867
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,520,393
Value of net income/loss2019-12-31$2,520,393
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,825,077
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,825,077
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$9,304,684
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$9,304,684
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$10,090,590
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$10,090,590
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,333,261
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$7,333,261
Interest on participant loans2019-12-31$22,743
Interest on participant loans2019-12-31$22,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$132,114
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$132,114
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$249,019
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$249,019
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$249,019
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$249,019
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,230,297
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,230,297
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$390,866
Contributions received in cash from employer2019-12-31$390,866
Employer contributions (assets) at end of year2019-12-31$390,866
Employer contributions (assets) at end of year2019-12-31$390,866
Employer contributions (assets) at beginning of year2019-12-31$373,521
Employer contributions (assets) at beginning of year2019-12-31$373,521
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$541,141
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$541,141
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$790,414
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$790,414
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$878,238
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$878,238
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm EIN2019-12-31135381590
Accountancy firm EIN2019-12-31135381590
2018 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,761,091
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,242,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,164,805
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,836,904
Value of total assets at end of year2018-12-31$9,304,684
Value of total assets at beginning of year2018-12-31$8,786,439
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$78,041
Total interest from all sources2018-12-31$22,006
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Administrative expenses professional fees incurred2018-12-31$78,041
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,176,612
Participant contributions at end of year2018-12-31$441,725
Participant contributions at beginning of year2018-12-31$457,442
Participant contributions at end of year2018-12-31$28,920
Participant contributions at beginning of year2018-12-31$27,246
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$286,771
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$518,245
Value of net assets at end of year (total assets less liabilities)2018-12-31$9,304,684
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,786,439
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$7,333,261
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$7,073,889
Interest on participant loans2018-12-31$22,006
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$249,019
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$76,697
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$76,697
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-97,819
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$373,521
Employer contributions (assets) at end of year2018-12-31$373,521
Employer contributions (assets) at beginning of year2018-12-31$348,325
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,164,805
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$878,238
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$802,840
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO USA, LLP
Accountancy firm EIN2018-12-31135381590
2017 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
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$2,528,610
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$363,798
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$263,214
Expenses. Certain deemed distributions of participant loans2017-12-31$2,187
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,425,375
Value of total assets at end of year2017-12-31$8,786,439
Value of total assets at beginning of year2017-12-31$6,621,627
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$98,397
Total interest from all sources2017-12-31$17,365
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$363,333
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
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$1,026,498
Participant contributions at end of year2017-12-31$457,442
Participant contributions at beginning of year2017-12-31$314,702
Participant contributions at end of year2017-12-31$27,246
Participant contributions at beginning of year2017-12-31$21,665
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$50,552
Administrative expenses (other) incurred2017-12-31$98,397
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$2,164,812
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,786,439
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$6,621,627
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$7,073,889
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$5,322,052
Interest on participant loans2017-12-31$17,365
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$76,697
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$22,734
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$22,734
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$722,537
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
Contributions received in cash from employer2017-12-31$348,325
Employer contributions (assets) at end of year2017-12-31$348,325
Employer contributions (assets) at beginning of year2017-12-31$316,285
Income. Dividends from common stock2017-12-31$363,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$263,214
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$802,840
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$624,189
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 PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CROWE LLP
Accountancy firm EIN2017-12-31350921680
2016 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$5,088,542
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$0
Total income from all sources (including contributions)2016-12-31$1,154,220
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$111,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$74,927
Expenses. Certain deemed distributions of participant loans2016-12-31$19,938
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$788,219
Value of total assets at end of year2016-12-31$6,621,627
Value of total assets at beginning of year2016-12-31$490,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$16,530
Total interest from all sources2016-12-31$7,421
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$154,447
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$143,955
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
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$10,125
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$433,458
Participant contributions at end of year2016-12-31$314,702
Participant contributions at beginning of year2016-12-31$0
Participant contributions at end of year2016-12-31$21,665
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$38,476
Administrative expenses (other) incurred2016-12-31$16,530
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
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$1,042,825
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,621,627
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$490,260
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$5,322,052
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$6,345
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$22,734
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$1,076
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$204,133
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
Contributions received in cash from employer2016-12-31$316,285
Employer contributions (assets) at end of year2016-12-31$316,285
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from common stock2016-12-31$10,492
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$74,927
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$624,189
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$490,260
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)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CROWE HORWATH LLP
Accountancy firm EIN2016-12-31350921680
2015 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
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$124,850
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$0
Value of total assets at end of year2015-12-31$490,260
Value of total assets at beginning of year2015-12-31$365,410
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$50,000
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
Other income not declared elsewhere2015-12-31$124,850
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$124,850
Value of net assets at end of year (total assets less liabilities)2015-12-31$490,260
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$365,410
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
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. Corporate common stocks other than exployer securities at end of year2015-12-31$490,260
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$365,410
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 appraiser2015-12-31Yes
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 name2015-12-31CROWE HORWATH LLP
Accountancy firm EIN2015-12-31350921680
2014 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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$69,293
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$3,953
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,953
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$365,410
Value of total assets at beginning of year2014-12-31$300,070
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$50,000
If this is an individual account plan, was there a blackout period2014-12-31No
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
Other income not declared elsewhere2014-12-31$69,293
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$65,340
Value of net assets at end of year (total assets less liabilities)2014-12-31$365,410
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$300,070
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
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,953
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$365,410
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$300,070
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 appraiser2014-12-31Yes
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 name2014-12-31CROWE HORWATH LLP
Accountancy firm EIN2014-12-31350921680
2013 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
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$76,506
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$68,943
Value of total assets at end of year2013-12-31$300,070
Value of total assets at beginning of year2013-12-31$223,564
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Total income from all sources2013-12-31$176,138
Expenses. Total of all expenses incurred2013-12-31$0
Benefits paid (including direct rollovers)2013-12-31$0
Total plan assets at end of year2013-12-31$324,523
Total plan assets at beginning of year2013-12-31$148,385
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$0
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$107,195
Noncash contributions received2013-12-31$68,943
Net income (gross income less expenses)2013-12-31$176,138
Net plan assets at end of year (total assets less liabilities)2013-12-31$324,523
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$148,385
Assets. Value of employer securities2013-12-31$324,523
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$50,000
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
Other income not declared elsewhere2013-12-31$7,563
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$76,506
Value of net assets at end of year (total assets less liabilities)2013-12-31$300,070
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$223,564
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
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
Contributions received in cash from employer2013-12-31$68,943
Employer contributions (assets) at end of year2013-12-31$27,828
Employer contributions (assets) at beginning of year2013-12-31$68,943
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$272,242
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$154,621
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 appraiser2013-12-31Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
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 name2013-12-31CROWE HORWARTH LLP
Accountancy firm EIN2013-12-31350921680
2012 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total income from all sources2012-12-31$61,100
Expenses. Total of all expenses incurred2012-12-31$0
Benefits paid (including direct rollovers)2012-12-31$0
Total plan assets at end of year2012-12-31$148,385
Total plan assets at beginning of year2012-12-31$87,285
Value of fidelity bond covering the plan2012-12-31$100,000
Total contributions received or receivable from participants2012-12-31$0
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$61,100
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$61,100
Net plan assets at end of year (total assets less liabilities)2012-12-31$148,385
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$87,285
Assets. Value of employer securities2012-12-31$148,385
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$0
2011 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total income from all sources2011-12-31$-12,470
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$87,285
Total plan assets at beginning of year2011-12-31$99,755
Value of fidelity bond covering the plan2011-12-31$100,000
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-12,470
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$-12,470
Net plan assets at end of year (total assets less liabilities)2011-12-31$87,285
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$99,755
Assets. Value of employer securities2011-12-31$87,285
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
2010 : UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total income from all sources2010-12-31$36,785
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$99,755
Total plan assets at beginning of year2010-12-31$62,970
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$36,785
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$36,785
Net plan assets at end of year (total assets less liabilities)2010-12-31$99,755
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$62,970
Assets. Value of employer securities2010-12-31$99,755
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. 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 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: UNIVERSITY BANCORP, INC. 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
2013: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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
2010: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: UNIVERSITY BANCORP, INC. EMPLOYEE STOCK OWNERSHIP 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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