F & M FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan F & M FINANCIAL CORPORATION 401(K) PLAN
| Measure | Date | Value |
|---|
| 2022 : F & M FINANCIAL CORPORATION 401(K) PLAN 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 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-1,871,123 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $1,160,651 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,134,985 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,120,524 |
| Value of total assets at end of year | 2022-12-31 | $15,574,896 |
| Value of total assets at beginning of year | 2022-12-31 | $18,606,670 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $25,666 |
| Total interest from all sources | 2022-12-31 | $1,530 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $636,614 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $636,614 |
| Administrative expenses professional fees incurred | 2022-12-31 | $6,736 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $704,588 |
| Participant contributions at end of year | 2022-12-31 | $22,859 |
| Participant contributions at beginning of year | 2022-12-31 | $24,527 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $97,603 |
| 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 | $-3,031,774 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $15,574,896 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $18,606,670 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $12,921,609 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $15,672,915 |
| Interest on participant loans | 2022-12-31 | $1,530 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $2,630,428 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $2,909,228 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-3,676,145 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $46,354 |
| 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 | $318,333 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,134,985 |
| Contract administrator fees | 2022-12-31 | $18,930 |
| 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 | ELLIOT DAVIS, PLLC |
| Accountancy firm EIN | 2022-12-31 | 570381582 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-1,871,123 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $1,160,651 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $1,134,985 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,120,524 |
| Value of total assets at end of year | 2022-01-01 | $15,574,896 |
| Value of total assets at beginning of year | 2022-01-01 | $18,606,670 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $25,666 |
| Total interest from all sources | 2022-01-01 | $1,530 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $636,614 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $636,614 |
| Administrative expenses professional fees incurred | 2022-01-01 | $6,736 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $704,588 |
| Participant contributions at end of year | 2022-01-01 | $22,859 |
| Participant contributions at beginning of year | 2022-01-01 | $24,527 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $97,603 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-3,031,774 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $15,574,896 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $18,606,670 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $12,921,609 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $15,672,915 |
| Interest on participant loans | 2022-01-01 | $1,530 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $2,630,428 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $2,909,228 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-3,676,145 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $46,354 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $318,333 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $1,134,985 |
| Contract administrator fees | 2022-01-01 | $18,930 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | ELLIOT DAVIS, PLLC |
| Accountancy firm EIN | 2022-01-01 | 570381582 |
| 2021 : F & M FINANCIAL CORPORATION 401(K) PLAN 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 | $0 |
| 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 | $3,558,033 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $3,163,227 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $3,139,889 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $944,743 |
| Value of total assets at end of year | 2021-12-31 | $18,606,670 |
| Value of total assets at beginning of year | 2021-12-31 | $18,211,864 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $23,338 |
| Total interest from all sources | 2021-12-31 | $2,171 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $843,348 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $843,348 |
| Administrative expenses professional fees incurred | 2021-12-31 | $7,123 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| 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 |
| Contributions received from participants | 2021-12-31 | $639,326 |
| Participant contributions at end of year | 2021-12-31 | $24,527 |
| Participant contributions at beginning of year | 2021-12-31 | $45,959 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $4,225 |
| 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 | $394,806 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $18,606,670 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $18,211,864 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $15,672,915 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $15,898,532 |
| Interest on participant loans | 2021-12-31 | $2,171 |
| Value of interest in common/collective trusts at end of year | 2021-12-31 | $2,909,228 |
| Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $2,267,373 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,721,904 |
| Net investment gain or loss from common/collective trusts | 2021-12-31 | $45,867 |
| 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 |
| Contributions received in cash from employer | 2021-12-31 | $301,192 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $3,139,889 |
| Contract administrator fees | 2021-12-31 | $16,215 |
| 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 | Unqualified |
| Accountancy firm name | 2021-12-31 | ELLIOT DAVIS, PLLC |
| Accountancy firm EIN | 2021-12-31 | 570381582 |
| 2020 : F & M FINANCIAL CORPORATION 401(K) PLAN 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 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $3,269,313 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $1,283,928 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,263,817 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,012,310 |
| Value of total assets at end of year | 2020-12-31 | $18,211,864 |
| Value of total assets at beginning of year | 2020-12-31 | $16,226,479 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $20,111 |
| Total interest from all sources | 2020-12-31 | $3,649 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $394,279 |
| 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 | $394,279 |
| Administrative expenses professional fees incurred | 2020-12-31 | $6,143 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| 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 |
| Contributions received from participants | 2020-12-31 | $619,812 |
| Participant contributions at end of year | 2020-12-31 | $45,959 |
| Participant contributions at beginning of year | 2020-12-31 | $92,884 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $117,047 |
| 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 | $1,985,385 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $18,211,864 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $16,226,479 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $15,898,532 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $14,411,885 |
| Interest on participant loans | 2020-12-31 | $3,649 |
| Value of interest in common/collective trusts at end of year | 2020-12-31 | $2,267,373 |
| Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $1,721,710 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,820,967 |
| Net investment gain or loss from common/collective trusts | 2020-12-31 | $38,108 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| 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 | $275,451 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,263,817 |
| Contract administrator fees | 2020-12-31 | $13,968 |
| 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 | ELLIOT DAVIS, PLLC |
| Accountancy firm EIN | 2020-12-31 | 570381582 |
| 2019 : F & M FINANCIAL CORPORATION 401(K) PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total transfer of assets to this plan | 2019-12-31 | $12,671,849 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $4,540,299 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $985,669 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $952,431 |
| Value of total corrective distributions | 2019-12-31 | $880 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $1,681,302 |
| Value of total assets at end of year | 2019-12-31 | $16,226,479 |
| Value of total assets at beginning of year | 2019-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $32,358 |
| Total interest from all sources | 2019-12-31 | $5,773 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $528,758 |
| 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 | $528,758 |
| Administrative expenses professional fees incurred | 2019-12-31 | $5,353 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $3,000,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | Yes |
| 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 |
| Contributions received from participants | 2019-12-31 | $543,384 |
| Participant contributions at end of year | 2019-12-31 | $92,884 |
| Participant contributions at beginning of year | 2019-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $880,471 |
| 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 | $3,554,630 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $16,226,479 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $0 |
| 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 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $14,411,885 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $0 |
| Interest on participant loans | 2019-12-31 | $5,773 |
| Value of interest in common/collective trusts at end of year | 2019-12-31 | $1,721,710 |
| Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,292,430 |
| Net investment gain or loss from common/collective trusts | 2019-12-31 | $32,036 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| 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 | $257,447 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $952,431 |
| Contract administrator fees | 2019-12-31 | $27,005 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2019-12-31 | Yes |
| 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 | ELLIOT DAVIS, PLLC |
| Accountancy firm EIN | 2019-12-31 | 570381582 |
