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FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 401k Plan overview

Plan NameFIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN
Plan identification number 001

FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

FIRST CENTURY BANKSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST CENTURY BANKSHARES, INC.
Employer identification number (EIN):550126747
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01JAMES R. HYPES
0012015-01-01JAMES R. HYPES
0012014-01-01JOHN BECKETT
0012013-01-01JOHN BECKETT
0012012-01-01JOHN BECKETT
0012011-01-01JOHN BECKETT JOHN BECKETT2012-10-10
0012009-01-01JOHN BECKETT JOHN BECKETT2010-10-05

Plan Statistics for FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN

401k plan membership statisitcs for FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN

Measure Date Value
2016: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-319,289,409
Acturial value of plan assets2016-12-319,821,902
Funding target for retired participants and beneficiaries receiving payment2016-12-312,691,721
Number of terminated vested participants2016-12-3164
Fundng target for terminated vested participants2016-12-311,266,569
Active participant vested funding target2016-12-314,261,455
Number of active participants2016-12-3184
Total funding liabilities for active participants2016-12-314,281,664
Total participant count2016-12-31196
Total funding target for all participants2016-12-318,239,954
Balance at beginning of prior year after applicable adjustments2016-12-31612,099
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31145,187
Amount remaining of carryover balance2016-12-31612,099
Amount remaining of prefunding balance2016-12-31145,187
Balance of carryovers at beginning of current year2016-12-31602,305
Balance of prefunding at beginning of current year2016-12-31142,864
Total employer contributions2016-12-311,165,000
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-311,102,152
Minimum required contributions for current year target normal cost2016-12-31100,000
Contributions allocatedtoward minimum required contributions for current year2016-12-311,102,152
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01196
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01200
Total number of active participants reported on line 7a of the Form 55002015-01-0184
Number of retired or separated participants receiving benefits2015-01-0139
Number of other retired or separated participants entitled to future benefits2015-01-0164
Total of all active and inactive participants2015-01-01187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-019
Total participants2015-01-01196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01204
Total number of active participants reported on line 7a of the Form 55002014-01-0196
Number of retired or separated participants receiving benefits2014-01-0137
Number of other retired or separated participants entitled to future benefits2014-01-0160
Total of all active and inactive participants2014-01-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-017
Total participants2014-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01208
Total number of active participants reported on line 7a of the Form 55002013-01-01104
Number of retired or separated participants receiving benefits2013-01-0137
Number of other retired or separated participants entitled to future benefits2013-01-0157
Total of all active and inactive participants2013-01-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-016
Total participants2013-01-01204
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01230
Total number of active participants reported on line 7a of the Form 55002012-01-01130
Number of retired or separated participants receiving benefits2012-01-0132
Number of other retired or separated participants entitled to future benefits2012-01-0155
Total of all active and inactive participants2012-01-01217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-017
2011: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01162
Total number of active participants reported on line 7a of the Form 55002011-01-01149
Number of retired or separated participants receiving benefits2011-01-0131
Number of other retired or separated participants entitled to future benefits2011-01-0150
Total of all active and inactive participants2011-01-01230
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2009: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01157
Total number of active participants reported on line 7a of the Form 55002009-01-01160
Number of retired or separated participants receiving benefits2009-01-014
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-018

Financial Data on FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN

Measure Date Value
2016 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$1,892,278
Total of all expenses incurred2016-12-31$11,158,244
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$10,907,256
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,165,000
Value of total assets at end of year2016-12-31$0
Value of total assets at beginning of year2016-12-31$9,265,966
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$250,988
Total interest from all sources2016-12-31$11,966
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$192,626
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$63,912
Administrative expenses professional fees incurred2016-12-31$212,344
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-31$880,594
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Administrative expenses (other) incurred2016-12-31$38,644
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-9,265,966
Value of net assets at end of year (total assets less liabilities)2016-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$9,265,966
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at beginning of year2016-12-31$2,797
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$3,086,887
Income. Interest from US Government securities2016-12-31$2,500
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$481,831
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$481,831
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$9,466
Asset value of US Government securities at beginning of year2016-12-31$201,538
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$522,686
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,165,000
Income. Dividends from preferred stock2016-12-31$42,942
Income. Dividends from common stock2016-12-31$85,772
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$10,907,256
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$4,612,319
Did the plan have assets held for investment2016-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31ANDERSON & REED, LLP
Accountancy firm EIN2016-12-31540617257
2015 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$-164,948
Total of all expenses incurred2015-12-31$837,345
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$740,458
Value of total assets at end of year2015-12-31$9,265,966
Value of total assets at beginning of year2015-12-31$10,268,259
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$96,887
Total interest from all sources2015-12-31$6,471
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$351,984
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$96,178
Administrative expenses professional fees incurred2015-12-31$85,487
Assets. Corporate prefeered stocks other than exployer securities at end of year2015-12-31$880,594
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2015-12-31$1,035,153
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Administrative expenses (other) incurred2015-12-31$11,400
Total non interest bearing cash at beginning of year2015-12-31$561
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,002,293
Value of net assets at end of year (total assets less liabilities)2015-12-31$9,265,966
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$10,268,259
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$2,797
Assets. partnership/joint venture interests at beginning of year2015-12-31$2,232
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$3,086,887
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$3,571,916
Income. Interest from US Government securities2015-12-31$5,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$481,831
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$696,060
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$696,060
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,471
Asset value of US Government securities at end of year2015-12-31$201,538
Asset value of US Government securities at beginning of year2015-12-31$205,654
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-523,403
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Income. Dividends from preferred stock2015-12-31$56,310
Income. Dividends from common stock2015-12-31$199,496
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$740,458
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$4,612,319
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$4,756,683
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31ANDERSON & REED, LLP
Accountancy firm EIN2015-12-31540617257
2014 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$608,187
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$473,992
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$378,523
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$10,268,259
Value of total assets at beginning of year2014-12-31$10,134,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$95,469
Total interest from all sources2014-12-31$6,946
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$347,540
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$161,314
Administrative expenses professional fees incurred2014-12-31$85,433
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-12-31$1,035,153
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2014-12-31$829,330
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Assets. Loans (other than to participants) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$19,638
Administrative expenses (other) incurred2014-12-31$10,036
Total non interest bearing cash at end of year2014-12-31$561
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$134,195
Value of net assets at end of year (total assets less liabilities)2014-12-31$10,268,259
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,134,064
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$2,232
Assets. partnership/joint venture interests at beginning of year2014-12-31$71,599
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$3,571,916
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,991,162
Income. Interest from loans (other than to participants)2014-12-31$964
Income. Interest from US Government securities2014-12-31$5,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$696,060
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,420,519
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,420,519
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$982
Asset value of US Government securities at end of year2014-12-31$205,654
Asset value of US Government securities at beginning of year2014-12-31$209,318
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$234,063
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$0
Income. Dividends from preferred stock2014-12-31$57,588
Income. Dividends from common stock2014-12-31$128,638
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$378,523
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$4,756,683
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$4,612,136
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2014-12-31540504608
2013 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,113,846
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$533,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$433,350
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,000,000
Value of total assets at end of year2013-12-31$10,134,064
Value of total assets at beginning of year2013-12-31$8,554,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$100,496
Total interest from all sources2013-12-31$6,246
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$275,101
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$109,825
Administrative expenses professional fees incurred2013-12-31$85,978
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-12-31$829,330
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$803,937
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Assets. Loans (other than to participants) at end of year2013-12-31$0
Assets. Loans (other than to participants) at beginning of year2013-12-31$26,904
Other income not declared elsewhere2013-12-31$8,611
Administrative expenses (other) incurred2013-12-31$14,518
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,580,000
Value of net assets at end of year (total assets less liabilities)2013-12-31$10,134,064
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$8,554,064
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$71,599
Assets. partnership/joint venture interests at beginning of year2013-12-31$56,225
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$2,991,162
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,955,539
Income. Interest from loans (other than to participants)2013-12-31$251
Income. Interest from US Government securities2013-12-31$5,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,420,519
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$671,560
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$671,560
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$995
Asset value of US Government securities at end of year2013-12-31$209,318
Asset value of US Government securities at beginning of year2013-12-31$297,810
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$823,888
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,000,000
Income. Dividends from preferred stock2013-12-31$49,970
Income. Dividends from common stock2013-12-31$115,306
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$433,350
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$4,612,136
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$3,742,089
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2013-12-31540504608
2012 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,829,142
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$288,837
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$199,599
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,000,000
Value of total assets at end of year2012-12-31$8,554,064
Value of total assets at beginning of year2012-12-31$7,013,759
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$89,238
Total interest from all sources2012-12-31$8,667
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$216,875
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$85,663
Administrative expenses professional fees incurred2012-12-31$72,452
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$803,937
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$325,079
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$6,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Loans (other than to participants) at end of year2012-12-31$26,904
Assets. Loans (other than to participants) at beginning of year2012-12-31$53,912
Administrative expenses (other) incurred2012-12-31$16,786
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,540,305
Value of net assets at end of year (total assets less liabilities)2012-12-31$8,554,064
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,013,759
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Assets. partnership/joint venture interests at end of year2012-12-31$56,225
Assets. partnership/joint venture interests at beginning of year2012-12-31$62,037
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,955,539
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,177,471
Income. Interest from loans (other than to participants)2012-12-31$2,714
Income. Interest from US Government securities2012-12-31$5,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$671,560
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$674,596
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$674,596
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$953
Asset value of US Government securities at end of year2012-12-31$297,810
Asset value of US Government securities at beginning of year2012-12-31$211,816
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$603,600
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,000,000
Income. Dividends from preferred stock2012-12-31$31,864
Income. Dividends from common stock2012-12-31$99,348
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$199,599
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$3,742,089
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$3,508,848
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2012-12-31540504608
2011 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$664,552
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$377,360
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$294,859
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$500,000
Value of total assets at end of year2011-12-31$7,013,759
Value of total assets at beginning of year2011-12-31$6,726,567
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$82,501
Total interest from all sources2011-12-31$17,291
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$177,769
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$68,349
Administrative expenses professional fees incurred2011-12-31$72,539
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$325,079
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$298,110
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$5,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Loans (other than to participants) at end of year2011-12-31$53,912
Assets. Loans (other than to participants) at beginning of year2011-12-31$82,990
Administrative expenses (other) incurred2011-12-31$9,962
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$287,192
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,013,759
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,726,567
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$62,037
Assets. partnership/joint venture interests at beginning of year2011-12-31$56,937
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,177,471
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,143,103
Income. Interest from loans (other than to participants)2011-12-31$5,216
Income. Interest from US Government securities2011-12-31$6,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$674,596
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$355,038
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$355,038
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$5,637
Asset value of US Government securities at end of year2011-12-31$211,816
Asset value of US Government securities at beginning of year2011-12-31$352,874
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-30,508
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$500,000
Income. Dividends from preferred stock2011-12-31$20,194
Income. Dividends from common stock2011-12-31$89,226
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$294,859
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$3,508,848
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$3,437,515
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2011-12-31540504608
2010 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,049,517
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$790,782
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$722,147
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$300,000
Value of total assets at end of year2010-12-31$6,726,567
Value of total assets at beginning of year2010-12-31$6,467,832
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$68,635
Total interest from all sources2010-12-31$35,509
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$155,555
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$58,793
Administrative expenses professional fees incurred2010-12-31$58,607
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$298,110
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$287,667
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$5,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Loans (other than to participants) at end of year2010-12-31$82,990
Assets. Loans (other than to participants) at beginning of year2010-12-31$99,030
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$258,735
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,726,567
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,467,832
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$56,937
Assets. partnership/joint venture interests at beginning of year2010-12-31$80,411
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,143,103
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,711,036
Income. Interest from loans (other than to participants)2010-12-31$4,934
Income. Interest from US Government securities2010-12-31$29,415
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$355,038
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$500,570
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$500,570
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,160
Asset value of US Government securities at end of year2010-12-31$352,874
Asset value of US Government securities at beginning of year2010-12-31$717,423
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$558,453
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$300,000
Income. Dividends from preferred stock2010-12-31$18,900
Income. Dividends from common stock2010-12-31$77,862
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$722,147
Contract administrator fees2010-12-31$10,028
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$3,437,515
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$3,071,695
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31BROWN, EDWARDS & COMPANY, L.L.P.
Accountancy firm EIN2010-12-31540504608
2009 : FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN

2016: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FIRST CENTURY BANKSHARES, INC. AND AFFILIATES EMPLOYEES PENSION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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