401k Plan data: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. plan

THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 401k Plan overview

Plan Name	THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.
Plan identification number	001

THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

THE PEOPLES BANKSHARES LTD. has sponsored the creation of one or more 401k plans.

Company Name: THE PEOPLES BANKSHARES LTD.

Employer identification number (EIN): 480851090

NAIC Classification: 551111
NAIC Description: Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 DAVID MACE JOHN LOOMIS 2019-07-02
001 2017-01-01 DAVID MACE FREDERICK LOOMIS 2018-07-19
001 2016-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2017-07-27
001 2015-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2016-07-25
001 2014-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2015-07-24
001 2013-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2014-07-24
001 2012-01-01 MARK E. MCCLAIN FREDERICK LOOMIS 2014-07-24
001 2011-01-01 DAVID MACE FREDERICK LOOMIS 2012-07-19

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01	DAVID MACE	JOHN LOOMIS	2019-07-02
001	2017-01-01	DAVID MACE	FREDERICK LOOMIS	2018-07-19
001	2016-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2017-07-27
001	2015-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2016-07-25
001	2014-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2015-07-24
001	2013-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2014-07-24
001	2012-01-01	MARK E. MCCLAIN	FREDERICK LOOMIS	2014-07-24
001	2011-01-01	DAVID MACE	FREDERICK LOOMIS	2012-07-19

Plan Statistics for THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.

401k plan membership statisitcs for THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.

Measure Date Value
2022: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2022 401k membership
Total participants, beginning-of-year 2022-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 92
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 17
Total of all active and inactive participants 2022-01-01 109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 109
Number of participants with account balances 2022-01-01 106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 3
2021: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2021 401k membership
Total participants, beginning-of-year 2021-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 89
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 12
Total of all active and inactive participants 2021-01-01 101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 101
Number of participants with account balances 2021-01-01 101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2020 401k membership
Total participants, beginning-of-year 2020-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 89
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 9
Total of all active and inactive participants 2020-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 98
Number of participants with account balances 2020-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2019 401k membership
Total participants, beginning-of-year 2019-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 74
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 14
Total of all active and inactive participants 2019-01-01 88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 89
Number of participants with account balances 2019-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2018 401k membership
Total participants, beginning-of-year 2018-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 77
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 12
Total of all active and inactive participants 2018-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 89
Number of participants with account balances 2018-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2017 401k membership
Total participants, beginning-of-year 2017-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 79
Number of retired or separated participants receiving benefits 2017-01-01 4
Number of other retired or separated participants entitled to future benefits 2017-01-01 15
Total of all active and inactive participants 2017-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 2
Total participants 2017-01-01 100
Number of participants with account balances 2017-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 1
2016: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2016 401k membership
Total participants, beginning-of-year 2016-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 77
Number of retired or separated participants receiving benefits 2016-01-01 4
Number of other retired or separated participants entitled to future benefits 2016-01-01 11
Total of all active and inactive participants 2016-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 2
Total participants 2016-01-01 94
Number of participants with account balances 2016-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 1
2015: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2015 401k membership
Total participants, beginning-of-year 2015-01-01 93
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 76
Number of retired or separated participants receiving benefits 2015-01-01 4
Number of other retired or separated participants entitled to future benefits 2015-01-01 9
Total of all active and inactive participants 2015-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 2
Total participants 2015-01-01 91
Number of participants with account balances 2015-01-01 91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 2
2014: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2014 401k membership
Total participants, beginning-of-year 2014-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 77
Number of retired or separated participants receiving benefits 2014-01-01 2
Number of other retired or separated participants entitled to future benefits 2014-01-01 13
Total of all active and inactive participants 2014-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 1
Total participants 2014-01-01 93
Number of participants with account balances 2014-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 3
2013: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2013 401k membership
Total participants, beginning-of-year 2013-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 77
Number of retired or separated participants receiving benefits 2013-01-01 3
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 2
Total participants 2013-01-01 89
Number of participants with account balances 2013-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 2
2012: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2012 401k membership
Total participants, beginning-of-year 2012-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 77
Number of retired or separated participants receiving benefits 2012-01-01 5
Number of other retired or separated participants entitled to future benefits 2012-01-01 11
Total of all active and inactive participants 2012-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 2
Total participants 2012-01-01 95
Number of participants with account balances 2012-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2011 401k membership
Total participants, beginning-of-year 2011-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 64
Number of retired or separated participants receiving benefits 2011-01-01 12
Number of other retired or separated participants entitled to future benefits 2011-01-01 12
Total of all active and inactive participants 2011-01-01 88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 2
Total participants 2011-01-01 90
Number of participants with account balances 2011-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2

Measure	Date	Value
2022: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2022 401k membership
Total participants, beginning-of-year	2022-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	92
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	17
Total of all active and inactive participants	2022-01-01	109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	109
Number of participants with account balances	2022-01-01	106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	3
2021: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2021 401k membership
Total participants, beginning-of-year	2021-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	89
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	12
Total of all active and inactive participants	2021-01-01	101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	101
Number of participants with account balances	2021-01-01	101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2020 401k membership
Total participants, beginning-of-year	2020-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	89
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	9
Total of all active and inactive participants	2020-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	98
Number of participants with account balances	2020-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2019 401k membership
Total participants, beginning-of-year	2019-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	74
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	14
Total of all active and inactive participants	2019-01-01	88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	89
Number of participants with account balances	2019-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2018 401k membership
Total participants, beginning-of-year	2018-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	77
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	12
Total of all active and inactive participants	2018-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	89
Number of participants with account balances	2018-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2017 401k membership
Total participants, beginning-of-year	2017-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	79
Number of retired or separated participants receiving benefits	2017-01-01	4
Number of other retired or separated participants entitled to future benefits	2017-01-01	15
Total of all active and inactive participants	2017-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	2
Total participants	2017-01-01	100
Number of participants with account balances	2017-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	1
2016: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2016 401k membership
Total participants, beginning-of-year	2016-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	77
Number of retired or separated participants receiving benefits	2016-01-01	4
Number of other retired or separated participants entitled to future benefits	2016-01-01	11
Total of all active and inactive participants	2016-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	2
Total participants	2016-01-01	94
Number of participants with account balances	2016-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	1
2015: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2015 401k membership
Total participants, beginning-of-year	2015-01-01	93
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	76
Number of retired or separated participants receiving benefits	2015-01-01	4
Number of other retired or separated participants entitled to future benefits	2015-01-01	9
Total of all active and inactive participants	2015-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	2
Total participants	2015-01-01	91
Number of participants with account balances	2015-01-01	91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	2
2014: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2014 401k membership
Total participants, beginning-of-year	2014-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	77
Number of retired or separated participants receiving benefits	2014-01-01	2
Number of other retired or separated participants entitled to future benefits	2014-01-01	13
Total of all active and inactive participants	2014-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	1
Total participants	2014-01-01	93
Number of participants with account balances	2014-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	3
2013: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2013 401k membership
Total participants, beginning-of-year	2013-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	77
Number of retired or separated participants receiving benefits	2013-01-01	3
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	2
Total participants	2013-01-01	89
Number of participants with account balances	2013-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	2
2012: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2012 401k membership
Total participants, beginning-of-year	2012-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	77
Number of retired or separated participants receiving benefits	2012-01-01	5
Number of other retired or separated participants entitled to future benefits	2012-01-01	11
Total of all active and inactive participants	2012-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	2
Total participants	2012-01-01	95
Number of participants with account balances	2012-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2011 401k membership
Total participants, beginning-of-year	2011-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	64
Number of retired or separated participants receiving benefits	2011-01-01	12
Number of other retired or separated participants entitled to future benefits	2011-01-01	12
Total of all active and inactive participants	2011-01-01	88
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	2
Total participants	2011-01-01	90
Number of participants with account balances	2011-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2

Financial Data on THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.

Measure	Date	Value
2022 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2022 401k financial data
Total income from all sources	2022-12-31	$175,119
Expenses. Total of all expenses incurred	2022-12-31	$273,118
Benefits paid (including direct rollovers)	2022-12-31	$273,118
Total plan assets at end of year	2022-12-31	$5,409,129
Total plan assets at beginning of year	2022-12-31	$5,507,128
Value of fidelity bond covering the plan	2022-12-31	$1,000,000
Total contributions received or receivable from participants	2022-12-31	$331,177
Other income received	2022-12-31	$-350,997
Net income (gross income less expenses)	2022-12-31	$-97,999
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$5,409,129
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$5,507,128
Total contributions received or receivable from employer(s)	2022-12-31	$194,939
2021 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2021 401k financial data
Total income from all sources	2021-12-31	$799,329
Expenses. Total of all expenses incurred	2021-12-31	$82,511
Benefits paid (including direct rollovers)	2021-12-31	$82,511
Total plan assets at end of year	2021-12-31	$5,507,128
Total plan assets at beginning of year	2021-12-31	$4,790,310
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Other income received	2021-12-31	$702,768
Net income (gross income less expenses)	2021-12-31	$716,818
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$5,507,128
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$4,790,310
Total contributions received or receivable from employer(s)	2021-12-31	$96,561
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2020 401k financial data
Total income from all sources	2020-12-31	$-323,159
Expenses. Total of all expenses incurred	2020-12-31	$653,753
Benefits paid (including direct rollovers)	2020-12-31	$653,753
Total plan assets at end of year	2020-12-31	$4,790,310
Total plan assets at beginning of year	2020-12-31	$5,767,222
Value of fidelity bond covering the plan	2020-12-31	$1,000,000
Other income received	2020-12-31	$-471,181
Net income (gross income less expenses)	2020-12-31	$-976,912
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$4,790,310
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$5,767,222
Total contributions received or receivable from employer(s)	2020-12-31	$148,022
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2019 401k financial data
Total income from all sources	2019-12-31	$1,305,454
Expenses. Total of all expenses incurred	2019-12-31	$653,753
Benefits paid (including direct rollovers)	2019-12-31	$653,753
Total plan assets at end of year	2019-12-31	$5,767,222
Total plan assets at beginning of year	2019-12-31	$5,115,521
Value of fidelity bond covering the plan	2019-12-31	$1,000,000
Other income received	2019-12-31	$1,116,536
Net income (gross income less expenses)	2019-12-31	$651,701
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$5,767,222
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$5,115,521
Total contributions received or receivable from employer(s)	2019-12-31	$188,918
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2018 401k financial data
Total income from all sources	2018-12-31	$-42,873
Expenses. Total of all expenses incurred	2018-12-31	$2,230,062
Benefits paid (including direct rollovers)	2018-12-31	$2,230,062
Total plan assets at end of year	2018-12-31	$5,115,521
Total plan assets at beginning of year	2018-12-31	$7,388,456
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Other income received	2018-12-31	$-158,906
Net income (gross income less expenses)	2018-12-31	$-2,272,935
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$5,115,521
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$7,388,456
Total contributions received or receivable from employer(s)	2018-12-31	$116,033
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2017 401k financial data
Total income from all sources	2017-12-31	$1,197,449
Expenses. Total of all expenses incurred	2017-12-31	$245,148
Benefits paid (including direct rollovers)	2017-12-31	$245,148
Total plan assets at end of year	2017-12-31	$7,388,456
Total plan assets at beginning of year	2017-12-31	$6,436,155
Value of fidelity bond covering the plan	2017-12-31	$1,000,000
Other income received	2017-12-31	$834,136
Net income (gross income less expenses)	2017-12-31	$952,301
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$7,388,456
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$6,436,155
Total contributions received or receivable from employer(s)	2017-12-31	$363,313
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2016 401k financial data
Total income from all sources	2016-12-31	$805,863
Expenses. Total of all expenses incurred	2016-12-31	$201,286
Benefits paid (including direct rollovers)	2016-12-31	$201,286
Total plan assets at end of year	2016-12-31	$6,436,155
Total plan assets at beginning of year	2016-12-31	$5,831,578
Other income received	2016-12-31	$547,721
Net income (gross income less expenses)	2016-12-31	$604,577
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$6,436,155
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$5,831,578
Total contributions received or receivable from employer(s)	2016-12-31	$258,142
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2015 401k financial data
Total income from all sources	2015-12-31	$-139,456
Expenses. Total of all expenses incurred	2015-12-31	$250,620
Benefits paid (including direct rollovers)	2015-12-31	$250,620
Total plan assets at end of year	2015-12-31	$5,831,578
Total plan assets at beginning of year	2015-12-31	$6,221,654
Other income received	2015-12-31	$-317,695
Net income (gross income less expenses)	2015-12-31	$-390,076
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$5,831,578
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$6,221,654
Total contributions received or receivable from employer(s)	2015-12-31	$178,239
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2014 401k financial data
Total income from all sources	2014-12-31	$830,414
Expenses. Total of all expenses incurred	2014-12-31	$152,873
Benefits paid (including direct rollovers)	2014-12-31	$152,873
Total plan assets at end of year	2014-12-31	$6,221,654
Total plan assets at beginning of year	2014-12-31	$5,544,113
Other income received	2014-12-31	$662,751
Net income (gross income less expenses)	2014-12-31	$677,541
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$6,221,654
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,544,113
Total contributions received or receivable from employer(s)	2014-12-31	$167,663
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2013 401k financial data
Total income from all sources	2013-12-31	$948,425
Expenses. Total of all expenses incurred	2013-12-31	$166,845
Benefits paid (including direct rollovers)	2013-12-31	$166,845
Total plan assets at end of year	2013-12-31	$5,544,113
Total plan assets at beginning of year	2013-12-31	$4,762,533
Value of fidelity bond covering the plan	2013-12-31	$4,750,000
Other income received	2013-12-31	$787,064
Net income (gross income less expenses)	2013-12-31	$781,580
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$5,544,113
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$4,762,533
Total contributions received or receivable from employer(s)	2013-12-31	$161,361
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2012 401k financial data
Total income from all sources	2012-12-31	$512,183
Expenses. Total of all expenses incurred	2012-12-31	$32,067
Benefits paid (including direct rollovers)	2012-12-31	$32,067
Total plan assets at end of year	2012-12-31	$4,762,533
Total plan assets at beginning of year	2012-12-31	$4,282,417
Value of fidelity bond covering the plan	2012-12-31	$4,750,000
Other income received	2012-12-31	$378,075
Net income (gross income less expenses)	2012-12-31	$480,116
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$4,762,533
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$4,282,417
Total contributions received or receivable from employer(s)	2012-12-31	$134,108
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2011 401k financial data
Total income from all sources	2011-12-31	$522,401
Expenses. Total of all expenses incurred	2011-12-31	$331,662
Benefits paid (including direct rollovers)	2011-12-31	$331,662
Total plan assets at end of year	2011-12-31	$4,282,417
Total plan assets at beginning of year	2011-12-31	$4,091,678
Value of fidelity bond covering the plan	2011-12-31	$4,750,000
Other income received	2011-12-31	$380,340
Net income (gross income less expenses)	2011-12-31	$190,739
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$4,282,417
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$4,091,678
Total contributions received or receivable from employer(s)	2011-12-31	$142,061
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2010 401k financial data
Total income from all sources	2010-12-31	$608,245
Expenses. Total of all expenses incurred	2010-12-31	$121,383
Benefits paid (including direct rollovers)	2010-12-31	$121,383
Total plan assets at end of year	2010-12-31	$4,091,678
Total plan assets at beginning of year	2010-12-31	$3,604,816
Other income received	2010-12-31	$466,364
Net income (gross income less expenses)	2010-12-31	$486,862
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$4,091,678
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$3,604,816
Total contributions received or receivable from employer(s)	2010-12-31	$141,881
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD.

2022: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
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 – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE PROFIT SHARING PLAN OF THE PEOPLES BANKSHARES LTD. 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 – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	THE PEOPLES BANKSHARES LTD.
Employer identification number (EIN):	480851090
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies