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THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST 401k Plan overview

Plan NameTHE COMMUNITY BANK EMPLOYEES SAVINGS TRUST
Plan identification number 001

THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST Benefits

401k Plan TypeDefined 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.

401k Sponsoring company profile

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

Company Name:THE COMMUNITY BANK
Employer identification number (EIN):481195160
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about THE COMMUNITY BANK

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 731814

More information about THE COMMUNITY BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHARLENE A CLASSEN2024-09-24
0012022-01-01BECKY CLASSEN2023-07-28
0012021-01-01BECKY CLASSEN2022-09-13
0012020-01-01CHARLENE CLASSEN2021-06-28
0012019-01-01CHARLENE CLASSEN2020-06-26
0012018-01-01CHARLENE CLASSEN2019-06-17
0012017-01-01CHARLENE CLASSEN2018-10-04
0012017-01-01CHARLENE CLASSEN2018-09-27
0012016-01-01MARK SCHEPERS2017-04-26
0012015-01-01MARK SCHEPERS2016-08-29
0012014-01-01MARK SCHEPERS2015-05-18
0012013-01-01MARK SCHEPERS2014-07-30
0012012-01-01MARK SCHEPERS2013-07-15
0012011-01-01MARK SCHEPERS2012-04-26
0012010-01-01MARK SCHEPERS2011-07-28

Financial Data on THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST

Measure Date Value
2025 : THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-0754853
Net assets as of the end of the plan year2025-08-072976516
Total assets as of the beginning of the plan year2025-08-072336707
Value of plan covered by a fidelity bond2025-08-071500000
Participant contributions to plan in this plan year2025-08-0752557
Value of participant loans at end of plan year2025-08-073172
Other contributions to plan in this plan year2025-08-07105803
Other income to plan in this plan year2025-08-07504206
Plan net income in this plan year2025-08-07639809
Net assets as of the end of the plan year2025-08-072976516
Net assets as of the beginning of the plan year2025-08-072336707
Employer contributions to plan in this plan year2025-08-0732096
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-0715353
2024 : THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-2434660
Net assets as of the end of the plan year2024-09-242336707
Total assets as of the beginning of the plan year2024-09-241854707
Value of plan covered by a fidelity bond2024-09-242000000
Participant contributions to plan in this plan year2024-09-2431020
Value of participant loans at end of plan year2024-09-244749
Other income to plan in this plan year2024-09-24463842
Plan net income in this plan year2024-09-24482000
Net assets as of the end of the plan year2024-09-242336707
Net assets as of the beginning of the plan year2024-09-241854707
Employer contributions to plan in this plan year2024-09-2421798
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-2411750
2022 : THE COMMUNITY BANK EMPLOYEES SAVINGS TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-09-1315833
Net assets as of the end of the plan year2022-09-132364859
Total assets as of the beginning of the plan year2022-09-131864279
Value of plan covered by a fidelity bond2022-09-132000000
Participant contributions to plan in this plan year2022-09-1343437
Other income to plan in this plan year2022-09-13442425
Plan net income in this plan year2022-09-13500580
Net assets as of the end of the plan year2022-09-132364859
Net assets as of the beginning of the plan year2022-09-131864279
Employer contributions to plan in this plan year2022-09-1330551
Expensese paid to adminstrative service provicers from plan in this plan year2022-09-1313932

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