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Plan Name | COMMUNITY BANCSHARES INC 401(K) PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | COMMUNITY BANCSHARES, INC. |
Employer identification number (EIN): | 480983971 |
NAIC Classification: | 522110 |
NAIC Description: | Commercial Banking |
Additional information about COMMUNITY BANCSHARES, INC.
Jurisdiction of Incorporation: | Oregon Secretary of State Corporations Division |
Incorporation Date: | 1999-05-27 |
Company Identification Number: | 69320282 |
Legal Registered Office Address: |
601 SW 2ND AVE STE 2100 PORTLAND United States of America (USA) 97204 |
More information about COMMUNITY BANCSHARES, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2022-01-01 | CHEYENNE STRATHMAN | 2023-10-13 | ||
001 | 2021-01-01 | ||||
001 | 2020-01-01 | ||||
001 | 2019-01-01 | BRANDON NORDHUS | 2020-07-27 | ||
001 | 2018-01-01 | BRANDON NORDHUS | 2019-07-19 | ||
001 | 2017-01-01 | BRANDON NORDHUS | 2018-07-11 | ||
001 | 2016-01-01 | BRANDON NORDHUS | 2017-05-19 | ||
001 | 2015-11-01 | BRANDON NORDHUS | 2016-04-04 |
Measure | Date | Value |
---|---|---|
2022: COMMUNITY BANCSHARES INC 401(K) PLAN 2022 401k membership | ||
Total participants, beginning-of-year | 2022-01-01 | 139 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 97 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 40 |
Total of all active and inactive participants | 2022-01-01 | 139 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 139 |
Number of participants with account balances | 2022-01-01 | 138 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : COMMUNITY BANCSHARES INC 401(K) PLAN 2022 401k financial data | ||
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $392,689 |
Total income from all sources (including contributions) | 2022-12-31 | $-224,504 |
Total of all expenses incurred | 2022-12-31 | $944,475 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $926,146 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,024,054 |
Value of total assets at end of year | 2022-12-31 | $13,298,672 |
Value of total assets at beginning of year | 2022-12-31 | $14,074,962 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $18,329 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $334,913 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $334,913 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $675,713 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $1,055,759 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $656 |
Total non interest bearing cash at end of year | 2022-12-31 | $426,801 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $37,749 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,168,979 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $12,905,983 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $14,074,962 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $7,485 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $11,502,938 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $12,955,865 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $1,368,547 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,080,692 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-2,613,406 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $29,935 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $292,582 |
Employer contributions (assets) at end of year | 2022-12-31 | $386 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $926,146 |
Contract administrator fees | 2022-12-31 | $10,844 |
Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $392,689 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | DANA F. COLE & COMPANY, LLP |
Accountancy firm EIN | 2022-12-31 | 470526649 |
2022: COMMUNITY BANCSHARES INC 401(K) PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |