CITIZENS & FARMERS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK
401k plan membership statisitcs for SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK
Measure | Date | Value |
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2022: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 23,469,779 |
Acturial value of plan assets | 2022-12-31 | 21,953,900 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 2,368,349 |
Number of terminated vested participants | 2022-12-31 | 51 |
Fundng target for terminated vested participants | 2022-12-31 | 1,058,778 |
Active participant vested funding target | 2022-12-31 | 11,058,477 |
Number of active participants | 2022-12-31 | 322 |
Total funding liabilities for active participants | 2022-12-31 | 11,140,384 |
Total participant count | 2022-12-31 | 398 |
Total funding target for all participants | 2022-12-31 | 14,567,511 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 6,364,895 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 1,133,482 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 5,231,413 |
Present value of excess contributions | 2022-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 5,856,044 |
Total employer contributions | 2022-12-31 | 2,000,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 1,901,515 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 1,277,474 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 1,901,515 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 398 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 291 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 26 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 46 |
Total of all active and inactive participants | 2022-01-01 | 363 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 1 |
Total participants | 2022-01-01 | 364 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 15 |
2021: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 26,286,943 |
Acturial value of plan assets | 2021-12-31 | 24,418,232 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 2,245,885 |
Number of terminated vested participants | 2021-12-31 | 39 |
Fundng target for terminated vested participants | 2021-12-31 | 686,929 |
Active participant vested funding target | 2021-12-31 | 14,796,438 |
Number of active participants | 2021-12-31 | 344 |
Total funding liabilities for active participants | 2021-12-31 | 14,917,217 |
Total participant count | 2021-12-31 | 404 |
Total funding target for all participants | 2021-12-31 | 17,850,031 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 5,643,138 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 5,643,138 |
Present value of excess contributions | 2021-12-31 | 688,241 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 724,787 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 6,364,895 |
Total employer contributions | 2021-12-31 | 0 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 1,336,788 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 1,133,482 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 1,133,482 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 404 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 319 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 25 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 50 |
Total of all active and inactive participants | 2021-01-01 | 394 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 1 |
Total participants | 2021-01-01 | 395 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 15 |
2020: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 22,806,187 |
Acturial value of plan assets | 2020-12-31 | 21,872,146 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 2,183,409 |
Number of terminated vested participants | 2020-12-31 | 42 |
Fundng target for terminated vested participants | 2020-12-31 | 1,111,569 |
Active participant vested funding target | 2020-12-31 | 12,835,951 |
Number of active participants | 2020-12-31 | 344 |
Total funding liabilities for active participants | 2020-12-31 | 12,934,030 |
Total participant count | 2020-12-31 | 406 |
Total funding target for all participants | 2020-12-31 | 16,229,008 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 4,789,850 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 4,789,850 |
Present value of excess contributions | 2020-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 67,321 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 5,643,138 |
Total employer contributions | 2020-12-31 | 2,000,000 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 1,901,573 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 1,213,332 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Waiver amortization installment | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 1,213,332 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 1,213,332 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 1,901,573 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 406 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 332 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 21 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 39 |
Total of all active and inactive participants | 2020-01-01 | 392 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 392 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 14 |
2019: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 20,155,818 |
Acturial value of plan assets | 2019-12-31 | 21,230,891 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 2,107,765 |
Number of terminated vested participants | 2019-12-31 | 33 |
Fundng target for terminated vested participants | 2019-12-31 | 592,111 |
Active participant vested funding target | 2019-12-31 | 12,134,749 |
Number of active participants | 2019-12-31 | 311 |
Total funding liabilities for active participants | 2019-12-31 | 12,291,703 |
Total participant count | 2019-12-31 | 364 |
Total funding target for all participants | 2019-12-31 | 14,991,579 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 5,030,298 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 5,030,298 |
Present value of excess contributions | 2019-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 4,789,850 |
Total employer contributions | 2019-12-31 | 0 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 995,035 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
Waiver amortization installment | 2019-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
Total participants, beginning-of-year | 2019-01-01 | 364 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 309 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 20 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 42 |
Total of all active and inactive participants | 2019-01-01 | 371 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 371 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 11 |
2018: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2018 401k membership |
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Market value of plan assets | 2018-12-31 | 22,219,191 |
Acturial value of plan assets | 2018-12-31 | 21,234,494 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 2,098,606 |
Number of terminated vested participants | 2018-12-31 | 37 |
Fundng target for terminated vested participants | 2018-12-31 | 798,581 |
Active participant vested funding target | 2018-12-31 | 10,847,166 |
Number of active participants | 2018-12-31 | 297 |
Total funding liabilities for active participants | 2018-12-31 | 10,970,583 |
Total participant count | 2018-12-31 | 353 |
Total funding target for all participants | 2018-12-31 | 13,867,770 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 4,367,336 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 4,367,336 |
Present value of excess contributions | 2018-12-31 | 3,419,659 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 3,617,315 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 5,030,298 |
Total employer contributions | 2018-12-31 | 0 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2018-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2018-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 901,717 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
Total participants, beginning-of-year | 2018-01-01 | 353 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 305 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 20 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 33 |
Total of all active and inactive participants | 2018-01-01 | 358 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 358 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 13 |
2017: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2017 401k membership |
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Market value of plan assets | 2017-12-31 | 16,202,674 |
Acturial value of plan assets | 2017-12-31 | 16,486,101 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 1,741,117 |
Number of terminated vested participants | 2017-12-31 | 49 |
Fundng target for terminated vested participants | 2017-12-31 | 886,193 |
Active participant vested funding target | 2017-12-31 | 9,958,480 |
Number of active participants | 2017-12-31 | 278 |
Total funding liabilities for active participants | 2017-12-31 | 10,099,652 |
Total participant count | 2017-12-31 | 342 |
Total funding target for all participants | 2017-12-31 | 12,726,962 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 3,880,386 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-12-31 | 188,580 |
Amount remaining of carryover balance | 2017-12-31 | 0 |
Amount remaining of prefunding balance | 2017-12-31 | 3,691,806 |
Present value of excess contributions | 2017-12-31 | 387,782 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 413,043 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-12-31 | 413,043 |
Reductions in caryover balances due to elections or deemed elections | 2017-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-12-31 | 0 |
Balance of carryovers at beginning of current year | 2017-12-31 | 0 |
Balance of prefunding at beginning of current year | 2017-12-31 | 4,367,336 |
Total employer contributions | 2017-12-31 | 4,500,000 |
Total employee contributions | 2017-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-12-31 | 4,266,177 |
Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-12-31 | 846,518 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 846,518 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 846,518 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 4,266,177 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
Total participants, beginning-of-year | 2017-01-01 | 342 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 289 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 19 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 37 |
Total of all active and inactive participants | 2017-01-01 | 345 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 345 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 15 |
2016: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2016 401k membership |
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Market value of plan assets | 2016-12-31 | 14,696,805 |
Acturial value of plan assets | 2016-12-31 | 15,432,463 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 1,618,513 |
Number of terminated vested participants | 2016-12-31 | 43 |
Fundng target for terminated vested participants | 2016-12-31 | 788,552 |
Active participant vested funding target | 2016-12-31 | 9,043,834 |
Number of active participants | 2016-12-31 | 284 |
Total funding liabilities for active participants | 2016-12-31 | 9,114,174 |
Total participant count | 2016-12-31 | 340 |
Total funding target for all participants | 2016-12-31 | 11,521,239 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 3,664,123 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2016-12-31 | 151,811 |
Amount remaining of carryover balance | 2016-12-31 | 0 |
Amount remaining of prefunding balance | 2016-12-31 | 3,512,312 |
Present value of excess contributions | 2016-12-31 | 357,003 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 369,479 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 369,479 |
Reductions in caryover balances due to elections or deemed elections | 2016-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2016-12-31 | 0 |
Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
Balance of prefunding at beginning of current year | 2016-12-31 | 3,880,386 |
Total employer contributions | 2016-12-31 | 1,000,000 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 975,204 |
Liquidity shortfalls end of Q1 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2016-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2016-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 806,840 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 776,002 |
Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 188,580 |
Additional cash requirement | 2016-12-31 | 587,422 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 975,204 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |
Total participants, beginning-of-year | 2016-01-01 | 340 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 278 |
Number of retired or separated participants receiving benefits | 2016-01-01 | 15 |
Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 49 |
Total of all active and inactive participants | 2016-01-01 | 342 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 0 |
Total participants | 2016-01-01 | 342 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 18 |
2015: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2015 401k membership |
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Total participants, beginning-of-year | 2015-01-01 | 320 |
Total number of active participants reported on line 7a of the Form 5500 | 2015-01-01 | 280 |
Number of retired or separated participants receiving benefits | 2015-01-01 | 13 |
Number of other retired or separated participants entitled to future benefits | 2015-01-01 | 43 |
Total of all active and inactive participants | 2015-01-01 | 336 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-01-01 | 0 |
Total participants | 2015-01-01 | 336 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-01-01 | 10 |
2014: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2014 401k membership |
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Total participants, beginning-of-year | 2014-01-01 | 262 |
Total number of active participants reported on line 7a of the Form 5500 | 2014-01-01 | 225 |
Number of retired or separated participants receiving benefits | 2014-01-01 | 12 |
Number of other retired or separated participants entitled to future benefits | 2014-01-01 | 29 |
Total of all active and inactive participants | 2014-01-01 | 266 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-01-01 | 0 |
Total participants | 2014-01-01 | 266 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-01-01 | 13 |
2013: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2013 401k membership |
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Total participants, beginning-of-year | 2013-01-01 | 260 |
Total number of active participants reported on line 7a of the Form 5500 | 2013-01-01 | 218 |
Number of retired or separated participants receiving benefits | 2013-01-01 | 12 |
Number of other retired or separated participants entitled to future benefits | 2013-01-01 | 30 |
Total of all active and inactive participants | 2013-01-01 | 260 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-01-01 | 0 |
Total participants | 2013-01-01 | 260 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-01-01 | 9 |
2012: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2012 401k membership |
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Total participants, beginning-of-year | 2012-01-01 | 249 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 197 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 11 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 46 |
Total of all active and inactive participants | 2012-01-01 | 254 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 0 |
Total participants | 2012-01-01 | 254 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 8 |
2011: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2011 401k membership |
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Total participants, beginning-of-year | 2011-01-01 | 248 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 196 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 10 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 40 |
Total of all active and inactive participants | 2011-01-01 | 246 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
Total participants | 2011-01-01 | 246 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 14 |
2010: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2010 401k membership |
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Total participants, beginning-of-year | 2010-01-01 | 235 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 199 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 8 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 39 |
Total of all active and inactive participants | 2010-01-01 | 246 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
Total participants | 2010-01-01 | 246 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 8 |
2009: SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2009 401k membership |
---|
Total participants, beginning-of-year | 2009-10-01 | 231 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-10-01 | 190 |
Number of retired or separated participants receiving benefits | 2009-10-01 | 7 |
Number of other retired or separated participants entitled to future benefits | 2009-10-01 | 36 |
Total of all active and inactive participants | 2009-10-01 | 233 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-10-01 | 0 |
Total participants | 2009-10-01 | 233 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-10-01 | 0 |
Measure | Date | Value |
---|
2022 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2022 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 | $373,118 |
Total income from all sources (including contributions) | 2022-12-31 | $-2,949,266 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,164,474 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,118,744 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,000,000 |
Value of total assets at end of year | 2022-12-31 | $18,356,039 |
Value of total assets at beginning of year | 2022-12-31 | $23,842,897 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $45,730 |
Total interest from all sources | 2022-12-31 | $240 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $46,044 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $45,579 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
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 | $-5,113,740 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $18,356,039 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $23,469,779 |
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 | $151 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $18,329,470 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $23,821,088 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $26,569 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $21,809 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $21,809 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $240 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-4,995,550 |
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 | $2,000,000 |
Income. Dividends from common stock | 2022-12-31 | $46,044 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,118,744 |
Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $0 |
Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $373,118 |
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 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2022-12-31 | 541149263 |
2021 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2021 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $373,118 |
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 | $2,823,852 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $5,641,016 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $5,576,422 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $0 |
Value of total assets at end of year | 2021-12-31 | $23,842,897 |
Value of total assets at beginning of year | 2021-12-31 | $26,286,943 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $64,594 |
Total interest from all sources | 2021-12-31 | $178 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $52,956 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $56,464 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $13,458 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-2,817,164 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $23,469,779 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $26,286,943 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $8,130 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $23,821,088 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $26,266,023 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $21,809 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $7,462 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $7,462 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $178 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $2,770,718 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Income. Dividends from common stock | 2021-12-31 | $52,956 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $5,576,422 |
Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $373,118 |
Liabilities. Value of benefit claims payable at beginning of year | 2021-12-31 | $0 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Disclaimer |
Accountancy firm name | 2021-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2021-12-31 | 541149263 |
2020 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2020 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $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 | $21,096 |
Total income from all sources (including contributions) | 2020-12-31 | $4,836,500 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $1,355,744 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,301,595 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $2,000,000 |
Value of total assets at end of year | 2020-12-31 | $26,286,943 |
Value of total assets at beginning of year | 2020-12-31 | $22,827,283 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $54,149 |
Total interest from all sources | 2020-12-31 | $28 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $154,072 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $154,072 |
Administrative expenses professional fees incurred | 2020-12-31 | $30,653 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $13,458 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $16,489 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $21,096 |
Total non interest bearing cash at end of year | 2020-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $21,096 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $3,480,756 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $26,286,943 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $22,806,187 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $23,496 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $26,266,023 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $22,789,698 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $7,462 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $28 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $2,682,400 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $2,000,000 |
Employer contributions (assets) at end of year | 2020-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,301,595 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2020-12-31 | 541149263 |
2019 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2019 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $21,096 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $25,658 |
Total income from all sources (including contributions) | 2019-12-31 | $3,765,975 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $1,115,606 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,071,918 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $0 |
Value of total assets at end of year | 2019-12-31 | $22,827,283 |
Value of total assets at beginning of year | 2019-12-31 | $20,181,476 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $43,688 |
Total interest from all sources | 2019-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $879,369 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $879,369 |
Administrative expenses professional fees incurred | 2019-12-31 | $21,337 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $16,489 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $15,920 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $21,096 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $25,658 |
Total non interest bearing cash at end of year | 2019-12-31 | $21,096 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $25,658 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $2,650,369 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $22,806,187 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $20,155,818 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $22,351 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $22,789,698 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $20,139,898 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,886,606 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $0 |
Employer contributions (assets) at end of year | 2019-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,071,918 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2019-12-31 | 541149263 |
2018 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2018 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $25,658 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $408,564 |
Total income from all sources (including contributions) | 2018-12-31 | $-1,006,016 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $1,093,166 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,049,477 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $0 |
Value of total assets at end of year | 2018-12-31 | $20,181,476 |
Value of total assets at beginning of year | 2018-12-31 | $22,663,564 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $43,689 |
Total interest from all sources | 2018-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $1,031,977 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $1,031,977 |
Administrative expenses professional fees incurred | 2018-12-31 | $21,219 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $15,920 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $15,651 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-31 | $25,658 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $408,564 |
Total non interest bearing cash at end of year | 2018-12-31 | $25,658 |
Total non interest bearing cash at beginning of year | 2018-12-31 | $408,564 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-2,099,182 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $20,155,818 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $22,255,000 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $22,470 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $20,139,898 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $19,239,349 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-2,037,993 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $0 |
Employer contributions (assets) at end of year | 2018-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $3,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,049,477 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2018-12-31 | 541149263 |
2017 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2017 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $408,564 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $322,403 |
Total income from all sources (including contributions) | 2017-12-31 | $7,016,227 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $963,901 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $927,816 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $4,500,000 |
Value of total assets at end of year | 2017-12-31 | $22,663,564 |
Value of total assets at beginning of year | 2017-12-31 | $16,525,077 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $36,085 |
Total interest from all sources | 2017-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $758,552 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $758,552 |
Administrative expenses professional fees incurred | 2017-12-31 | $17,498 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $15,651 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2017-12-31 | $408,564 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $322,403 |
Total non interest bearing cash at end of year | 2017-12-31 | $408,564 |
Total non interest bearing cash at beginning of year | 2017-12-31 | $322,403 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $6,052,326 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $22,255,000 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $16,202,674 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $18,587 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $19,239,349 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $16,202,674 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,757,675 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $4,500,000 |
Employer contributions (assets) at end of year | 2017-12-31 | $3,000,000 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $927,816 |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2017-12-31 | 541149263 |
2016 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2016 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $322,403 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $127,240 |
Total income from all sources (including contributions) | 2016-12-31 | $2,064,907 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $559,038 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $527,564 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,000,000 |
Value of total assets at end of year | 2016-12-31 | $16,525,077 |
Value of total assets at beginning of year | 2016-12-31 | $14,824,045 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $31,474 |
Total interest from all sources | 2016-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $580,553 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $580,553 |
Administrative expenses professional fees incurred | 2016-12-31 | $15,310 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $12,717 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2016-12-31 | $322,403 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $127,240 |
Total non interest bearing cash at end of year | 2016-12-31 | $322,403 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $127,240 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $1,505,869 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $16,202,674 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $14,696,805 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $16,164 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $16,202,674 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $14,684,088 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $484,354 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $1,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $527,564 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2016-12-31 | 541149263 |
2015 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2015 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $127,240 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $48,614 |
Total income from all sources (including contributions) | 2015-12-31 | $993,616 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $380,768 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $351,012 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,000,000 |
Value of total assets at end of year | 2015-12-31 | $14,824,045 |
Value of total assets at beginning of year | 2015-12-31 | $14,132,571 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $29,756 |
Total interest from all sources | 2015-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $679,804 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $679,804 |
Administrative expenses professional fees incurred | 2015-12-31 | $14,520 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $12,717 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $10,808 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2015-12-31 | $127,240 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-12-31 | $48,614 |
Total non interest bearing cash at end of year | 2015-12-31 | $127,240 |
Total non interest bearing cash at beginning of year | 2015-12-31 | $48,614 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $612,848 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $14,696,805 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $14,083,957 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $15,236 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $14,684,088 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $14,073,149 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-686,188 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $1,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $351,012 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2015-12-31 | 541149263 |
2014 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2014 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $48,614 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $14,863 |
Total income from all sources (including contributions) | 2014-12-31 | $2,660,132 |
Total loss/gain on sale of assets | 2014-12-31 | $0 |
Total of all expenses incurred | 2014-12-31 | $199,669 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $173,371 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $2,000,000 |
Value of total assets at end of year | 2014-12-31 | $14,132,571 |
Value of total assets at beginning of year | 2014-12-31 | $11,638,357 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $26,298 |
Total interest from all sources | 2014-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $679,544 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $679,544 |
Administrative expenses professional fees incurred | 2014-12-31 | $12,781 |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $10,808 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $10,808 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2014-12-31 | $48,614 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-12-31 | $14,863 |
Total non interest bearing cash at end of year | 2014-12-31 | $48,614 |
Total non interest bearing cash at beginning of year | 2014-12-31 | $14,863 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $2,460,463 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $14,083,957 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $11,623,494 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Investment advisory and management fees | 2014-12-31 | $13,517 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $14,073,149 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $11,612,686 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $-19,412 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $2,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $173,371 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
Accountancy firm name | 2014-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2014-12-31 | 541149263 |
2013 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2013 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $14,863 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $9,727 |
Total income from all sources (including contributions) | 2013-12-31 | $2,724,890 |
Total loss/gain on sale of assets | 2013-12-31 | $0 |
Total of all expenses incurred | 2013-12-31 | $712,531 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $691,172 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $1,000,000 |
Value of total assets at end of year | 2013-12-31 | $11,638,357 |
Value of total assets at beginning of year | 2013-12-31 | $9,620,862 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $21,359 |
Total interest from all sources | 2013-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $338,926 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $338,926 |
Administrative expenses professional fees incurred | 2013-12-31 | $6,152 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $10,808 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $9,827 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2013-12-31 | $14,863 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2013-12-31 | $9,727 |
Total non interest bearing cash at end of year | 2013-12-31 | $14,863 |
Total non interest bearing cash at beginning of year | 2013-12-31 | $9,727 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $2,012,359 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $11,623,494 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $9,611,135 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Investment advisory and management fees | 2013-12-31 | $15,207 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $11,612,686 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $9,601,308 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $1,385,964 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Contributions received in cash from employer | 2013-12-31 | $1,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $691,172 |
Did the plan have assets held for investment | 2013-12-31 | 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 | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
Accountancy firm name | 2013-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2013-12-31 | 541149263 |
2012 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2012 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $9,727 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $10,672 |
Total income from all sources (including contributions) | 2012-12-31 | $1,588,688 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $272,049 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $246,087 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $500,000 |
Value of total assets at end of year | 2012-12-31 | $9,620,862 |
Value of total assets at beginning of year | 2012-12-31 | $8,305,168 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $25,962 |
Total interest from all sources | 2012-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $220,076 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $220,076 |
Administrative expenses professional fees incurred | 2012-12-31 | $9,018 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $9,827 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $7,904 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $9,727 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $10,672 |
Total non interest bearing cash at end of year | 2012-12-31 | $9,727 |
Total non interest bearing cash at beginning of year | 2012-12-31 | $9,131 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $1,316,639 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $9,611,135 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $8,294,496 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Investment advisory and management fees | 2012-12-31 | $16,944 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $9,601,308 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $8,288,133 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $868,612 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $500,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $246,087 |
Did the plan have assets held for investment | 2012-12-31 | 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 | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
Accountancy firm name | 2012-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2012-12-31 | 541149263 |
2011 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2011 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $10,672 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $11,103 |
Total income from all sources (including contributions) | 2011-12-31 | $1,410,638 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $376,772 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $350,295 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $1,500,000 |
Value of total assets at end of year | 2011-12-31 | $8,305,168 |
Value of total assets at beginning of year | 2011-12-31 | $7,271,733 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $26,477 |
Total interest from all sources | 2011-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $176,808 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $176,808 |
Administrative expenses professional fees incurred | 2011-12-31 | $7,819 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $7,904 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $6,537 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2011-12-31 | $10,672 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $11,103 |
Total non interest bearing cash at end of year | 2011-12-31 | $9,131 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $9,245 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $1,033,866 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $8,294,496 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $7,260,630 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Investment advisory and management fees | 2011-12-31 | $18,658 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $8,288,133 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $7,255,951 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-266,170 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $1,500,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $350,295 |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2011-12-31 | 541149263 |
2010 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $11,103 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $27,600 |
Total income from all sources (including contributions) | 2010-12-31 | $835,521 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $360,036 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $347,432 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $0 |
Value of total assets at end of year | 2010-12-31 | $7,271,733 |
Value of total assets at beginning of year | 2010-12-31 | $6,812,745 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $12,604 |
Total interest from all sources | 2010-12-31 | $40 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $178,432 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $178,432 |
Administrative expenses professional fees incurred | 2010-12-31 | $1,724 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $6,537 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $5,583 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2010-12-31 | $11,103 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $27,600 |
Total non interest bearing cash at end of year | 2010-12-31 | $9,245 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $25,384 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $475,485 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $7,260,630 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $6,785,145 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Investment advisory and management fees | 2010-12-31 | $10,880 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $7,255,951 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $6,320,006 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $61,772 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $61,772 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $40 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $657,049 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Employer contributions (assets) at beginning of year | 2010-12-31 | $400,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $347,432 |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | YOUNT HYDE & BARBOUR, PC |
Accountancy firm EIN | 2010-12-31 | 541149263 |
2009 : SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |