401k Plan data: COMMUNITY BANK PROFIT SHARING PLAN

COMMUNITY BANK PROFIT SHARING PLAN - ICBM 401k Plan overview

Plan Name	COMMUNITY BANK PROFIT SHARING PLAN - ICBM
Plan identification number	001

COMMUNITY BANK PROFIT SHARING PLAN - ICBM Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: COMMUNITY BANK VERNON CENTER

Employer identification number (EIN): 410557430

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY BANK PROFIT SHARING PLAN - ICBM

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 RICH JOHNSON 2023-10-13
001 2021-01-01 JERRI OLSON 2022-10-14
001 2020-01-01 MICHAEL OGAARD 2021-10-14
001 2019-01-01 MICHAEL OGAARD 2020-10-12
001 2018-01-01 MICHAEL OGAARD 2019-06-19 MICHAEL OGAARD 2019-06-19
001 2017-01-01 MCHAEL OGAARD 2018-10-11 MCHAEL OGAARD 2018-10-11
001 2016-01-01 MICHAEL OGAARD 2017-09-28 MICHAEL OGAARD 2017-09-28
001 2015-01-01 MIKE OGAARD 2016-09-21 MIKE OGAARD 2016-09-21
001 2014-01-01 MICHAEL OGAARD 2015-10-14 MICHAEL OGAARD 2015-10-14
001 2013-01-01 MICHAEL OGAARD 2014-10-10 MICHAEL OGAARD 2014-10-10
001 2012-01-01 MICHAEL CHAPMAN
001 2011-01-01 MICHAEL CHAPMAN
001 2009-01-01 MIKE OGAARD

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	RICH JOHNSON	2023-10-13
001	2021-01-01	JERRI OLSON	2022-10-14
001	2020-01-01	MICHAEL OGAARD	2021-10-14
001	2019-01-01	MICHAEL OGAARD	2020-10-12
001	2018-01-01	MICHAEL OGAARD	2019-06-19	MICHAEL OGAARD	2019-06-19
001	2017-01-01	MCHAEL OGAARD	2018-10-11	MCHAEL OGAARD	2018-10-11
001	2016-01-01	MICHAEL OGAARD	2017-09-28	MICHAEL OGAARD	2017-09-28
001	2015-01-01	MIKE OGAARD	2016-09-21	MIKE OGAARD	2016-09-21
001	2014-01-01	MICHAEL OGAARD	2015-10-14	MICHAEL OGAARD	2015-10-14
001	2013-01-01	MICHAEL OGAARD	2014-10-10	MICHAEL OGAARD	2014-10-10
001	2012-01-01	MICHAEL CHAPMAN
001	2011-01-01	MICHAEL CHAPMAN
001	2009-01-01	MIKE OGAARD

Plan Statistics for COMMUNITY BANK PROFIT SHARING PLAN - ICBM

401k plan membership statisitcs for COMMUNITY BANK PROFIT SHARING PLAN - ICBM

Measure Date Value
2012: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2012 401k membership
Total participants, beginning-of-year 2012-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 54
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 3
Total of all active and inactive participants 2012-01-01 57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 57
Number of participants with account balances 2012-01-01 54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2011 401k membership
Total participants, beginning-of-year 2011-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 47
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 47
Number of participants with account balances 2011-01-01 40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2009 401k membership
Total participants, beginning-of-year 2009-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 44
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 3
Total of all active and inactive participants 2009-01-01 47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 47
Number of participants with account balances 2009-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2012: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2012 401k membership
Total participants, beginning-of-year	2012-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	54
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	3
Total of all active and inactive participants	2012-01-01	57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	57
Number of participants with account balances	2012-01-01	54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2011 401k membership
Total participants, beginning-of-year	2011-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	47
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	47
Number of participants with account balances	2011-01-01	40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2009 401k membership
Total participants, beginning-of-year	2009-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	44
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	3
Total of all active and inactive participants	2009-01-01	47
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	47
Number of participants with account balances	2009-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on COMMUNITY BANK PROFIT SHARING PLAN - ICBM

Measure	Date	Value
2012 : COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total income from all sources	2012-12-31	$349,745
Expenses. Total of all expenses incurred	2012-12-31	$130,899
Benefits paid (including direct rollovers)	2012-12-31	$130,734
Total plan assets at end of year	2012-12-31	$1,592,866
Total plan assets at beginning of year	2012-12-31	$1,374,020
Value of fidelity bond covering the plan	2012-12-31	$2,800,000
Total contributions received or receivable from participants	2012-12-31	$112,944
Expenses. Other expenses not covered elsewhere	2012-12-31	$165
Contributions received from other sources (not participants or employers)	2012-12-31	$347
Other income received	2012-12-31	$172,861
Net income (gross income less expenses)	2012-12-31	$218,846
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,592,866
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,374,020
Assets. Value of participant loans	2012-12-31	$46,872
Total contributions received or receivable from employer(s)	2012-12-31	$63,593
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2012-12-31	$0
Minimum employer required contribution for this plan year	2012-12-31	$0
Amount contributed by the employer to the plan for this plan year	2012-12-31	$0
2011 : COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total income from all sources	2011-12-31	$159,081
Expenses. Total of all expenses incurred	2011-12-31	$365,524
Benefits paid (including direct rollovers)	2011-12-31	$365,398
Total plan assets at end of year	2011-12-31	$1,374,020
Total plan assets at beginning of year	2011-12-31	$1,580,463
Value of fidelity bond covering the plan	2011-12-31	$2,800,000
Total contributions received or receivable from participants	2011-12-31	$111,196
Expenses. Other expenses not covered elsewhere	2011-12-31	$126
Contributions received from other sources (not participants or employers)	2011-12-31	$2,414
Other income received	2011-12-31	$-14,354
Net income (gross income less expenses)	2011-12-31	$-206,443
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,374,020
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,580,463
Assets. Value of participant loans	2011-12-31	$15,563
Total contributions received or receivable from employer(s)	2011-12-31	$59,825
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2011-12-31	$0
Minimum employer required contribution for this plan year	2011-12-31	$0
Amount contributed by the employer to the plan for this plan year	2011-12-31	$0
2010 : COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total income from all sources	2010-12-31	$324,196
Expenses. Total of all expenses incurred	2010-12-31	$88,227
Benefits paid (including direct rollovers)	2010-12-31	$88,085
Total plan assets at end of year	2010-12-31	$1,580,463
Total plan assets at beginning of year	2010-12-31	$1,344,494
Value of fidelity bond covering the plan	2010-12-31	$2,800,000
Total contributions received or receivable from participants	2010-12-31	$119,239
Expenses. Other expenses not covered elsewhere	2010-12-31	$142
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$144,636
Net income (gross income less expenses)	2010-12-31	$235,969
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,580,463
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,344,494
Assets. Value of participant loans	2010-12-31	$20,136
Total contributions received or receivable from employer(s)	2010-12-31	$60,321
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2010-12-31	$0
Minimum employer required contribution for this plan year	2010-12-31	$0
Amount contributed by the employer to the plan for this plan year	2010-12-31	$0
2009 : COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year	2009-12-31	$0
Minimum employer required contribution for this plan year	2009-12-31	$0
Amount contributed by the employer to the plan for this plan year	2009-12-31	$0

Form 5500 Responses for COMMUNITY BANK PROFIT SHARING PLAN - ICBM

2012: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2011: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2009: COMMUNITY BANK PROFIT SHARING PLAN - ICBM 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-829335

Policy instance

Insurance contract or identification number	GA-829335
Number of Individuals Covered	54
Insurance policy start date	2012-01-01
Insurance policy end date	2012-12-31
Total amount of commissions paid to insurance broker	USD $6,837
Total amount of fees paid to insurance company	USD $74
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,837
Insurance broker organization code?	3
Amount paid for insurance broker fees	74
Additional information about fees paid to insurance broker	SALES/MARKETING
Insurance broker name	LPL FINANCIAL LLC

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-803230

Policy instance

Insurance contract or identification number	GA-803230
Number of Individuals Covered	40
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $7,739
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-803230

Policy instance

Insurance contract or identification number	GA-803230
Number of Individuals Covered	44
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $6,775
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,775
Insurance broker organization code?	3
Insurance broker name	LPL FINANCIAL CORPORATION

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Company Name:	COMMUNITY BANK VERNON CENTER
Employer identification number (EIN):	410557430
NAIC Classification:	522110
NAIC Description:	Commercial Banking