401k Plan data: YADKIN BANK plan

YADKIN BANK 401k Plan overview

Plan Name	YADKIN BANK
Plan identification number	001

YADKIN BANK Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name: VANTAGESOUTH BANK

Employer identification number (EIN): 562097132

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about VANTAGESOUTH BANK

Jurisdiction of Incorporation: North Carolina Secretary of State

Incorporation Date:

Company Identification Number: 0831932

More information about VANTAGESOUTH BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YADKIN BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2015-01-01 TERRY EARLEY
001 2013-01-01 TERRY EARLEY
001 2012-01-01 TERRY EARLEY
001 2011-01-01 TERRY EARLEY
001 2010-01-01 BRUCE W. ELDER
001 2009-01-01 BRUCE W. ELDER BRUCE W. ELDER 2010-07-01

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2015-01-01	TERRY EARLEY
001	2013-01-01	TERRY EARLEY
001	2012-01-01	TERRY EARLEY
001	2011-01-01	TERRY EARLEY
001	2010-01-01	BRUCE W. ELDER
001	2009-01-01	BRUCE W. ELDER	BRUCE W. ELDER	2010-07-01

Plan Statistics for YADKIN BANK

401k plan membership statisitcs for YADKIN BANK

Measure Date Value
2015: YADKIN BANK 2015 401k membership
Total participants, beginning-of-year 2015-01-01 367
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Number of participants with account balances 2015-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2013: YADKIN BANK 2013 401k membership
Total participants, beginning-of-year 2013-01-01 309
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 455
Number of other retired or separated participants entitled to future benefits 2013-01-01 67
Total of all active and inactive participants 2013-01-01 522
Total participants 2013-01-01 522
Number of participants with account balances 2013-01-01 415
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 101
2012: YADKIN BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 203
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 289
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 38
Total of all active and inactive participants 2012-01-01 327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 327
Number of participants with account balances 2012-01-01 232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: YADKIN BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 182
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 160
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 24
Total of all active and inactive participants 2011-01-01 184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 184
Number of participants with account balances 2011-01-01 146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: YADKIN BANK 2010 401k membership
Total participants, beginning-of-year 2010-01-01 174
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 150
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 26
Total of all active and inactive participants 2010-01-01 176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 176
Number of participants with account balances 2010-01-01 151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 1
2009: YADKIN BANK 2009 401k membership
Total participants, beginning-of-year 2009-01-01 175
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 146
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 20
Total of all active and inactive participants 2009-01-01 166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 166
Number of participants with account balances 2009-01-01 143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2015: YADKIN BANK 2015 401k membership
Total participants, beginning-of-year	2015-01-01	367
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Number of participants with account balances	2015-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2013: YADKIN BANK 2013 401k membership
Total participants, beginning-of-year	2013-01-01	309
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	455
Number of other retired or separated participants entitled to future benefits	2013-01-01	67
Total of all active and inactive participants	2013-01-01	522
Total participants	2013-01-01	522
Number of participants with account balances	2013-01-01	415
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	101
2012: YADKIN BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	203
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	289
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	38
Total of all active and inactive participants	2012-01-01	327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	327
Number of participants with account balances	2012-01-01	232
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: YADKIN BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	182
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	160
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	24
Total of all active and inactive participants	2011-01-01	184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	184
Number of participants with account balances	2011-01-01	146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: YADKIN BANK 2010 401k membership
Total participants, beginning-of-year	2010-01-01	174
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	150
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	26
Total of all active and inactive participants	2010-01-01	176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	176
Number of participants with account balances	2010-01-01	151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	1
2009: YADKIN BANK 2009 401k membership
Total participants, beginning-of-year	2009-01-01	175
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	146
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	20
Total of all active and inactive participants	2009-01-01	166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	166
Number of participants with account balances	2009-01-01	143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on YADKIN BANK

Measure	Date	Value
2015 : YADKIN BANK 2015 401k financial data
Total transfer of assets from this plan	2015-05-08	$11,867,697
Total income from all sources (including contributions)	2015-05-08	$662,041
Total of all expenses incurred	2015-05-08	$784,903
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-05-08	$783,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-05-08	$352,067
Value of total assets at end of year	2015-05-08	$0
Value of total assets at beginning of year	2015-05-08	$11,990,559
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-05-08	$1,470
Total interest from all sources	2015-05-08	$1,366
Total dividends received (eg from common stock, registered investment company shares)	2015-05-08	$1,634
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-05-08	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-05-08	$1,634
Administrative expenses professional fees incurred	2015-05-08	$1,439
Was this plan covered by a fidelity bond	2015-05-08	Yes
Value of fidelity bond cover	2015-05-08	$500,000
If this is an individual account plan, was there a blackout period	2015-05-08	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-05-08	$0
Were there any nonexempt tranactions with any party-in-interest	2015-05-08	No
Contributions received from participants	2015-05-08	$223,372
Participant contributions at end of year	2015-05-08	$0
Participant contributions at beginning of year	2015-05-08	$284,852
Participant contributions at beginning of year	2015-05-08	$-426
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2015-05-08	$11
Administrative expenses (other) incurred	2015-05-08	$31
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-05-08	No
Value of net income/loss	2015-05-08	$-122,862
Value of net assets at end of year (total assets less liabilities)	2015-05-08	$0
Value of net assets at beginning of year (total assets less liabilities)	2015-05-08	$11,990,559
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-05-08	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-05-08	No
Were any leases to which the plan was party in default or uncollectible	2015-05-08	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-05-08	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-05-08	$11,260,374
Income. Interest from loans (other than to participants)	2015-05-08	$1,366
Value of interest in common/collective trusts at end of year	2015-05-08	$0
Value of interest in common/collective trusts at beginning of year	2015-05-08	$363,222
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2015-05-08	$16
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2015-05-08	$16
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-05-08	$306,974
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-05-08	No
Was there a failure to transmit to the plan any participant contributions	2015-05-08	No
Has the plan failed to provide any benefit when due under the plan	2015-05-08	No
Contributions received in cash from employer	2015-05-08	$128,695
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-05-08	$783,433
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	2015-05-08	No
Assets. Corporate common stocks other than exployer securities at end of year	2015-05-08	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2015-05-08	$82,510
Did the plan have assets held for investment	2015-05-08	No
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	2015-05-08	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-05-08	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-05-08	Yes
Opinion of an independent qualified public accountant for this plan	2015-05-08	Disclaimer
Accountancy firm name	2015-05-08	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2015-05-08	560747981
2013 : YADKIN BANK 2013 401k financial data
Total transfer of assets to this plan	2013-12-31	$755,896
Total income from all sources (including contributions)	2013-12-31	$4,098,365
Total of all expenses incurred	2013-12-31	$2,816,306
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$2,803,447
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$2,778,309
Value of total assets at end of year	2013-12-31	$9,477,502
Value of total assets at beginning of year	2013-12-31	$7,439,547
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$12,859
Total interest from all sources	2013-12-31	$8,360
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$309,465
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	$309,465
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$500,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$1,553,691
Participant contributions at end of year	2013-12-31	$251,777
Participant contributions at beginning of year	2013-12-31	$229,924
Participant contributions at end of year	2013-12-31	$-426
Participant contributions at beginning of year	2013-12-31	$45,368
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$80,480
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$11
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$0
Administrative expenses (other) incurred	2013-12-31	$45
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	$1,282,059
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$9,477,502
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$7,439,547
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$8,535,225
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$6,283,496
Interest on participant loans	2013-12-31	$8,360
Value of interest in common/collective trusts at end of year	2013-12-31	$370,211
Value of interest in common/collective trusts at beginning of year	2013-12-31	$627,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-31	$104,669
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$4
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$4
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$1,002,231
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
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	$1,144,138
Employer contributions (assets) at end of year	2013-12-31	$4,176
Employer contributions (assets) at beginning of year	2013-12-31	$33,688
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$2,803,447
Contract administrator fees	2013-12-31	$12,814
Assets. Corporate common stocks other than exployer securities at end of year	2013-12-31	$211,859
Assets. Corporate common stocks other than exployer securities at beginning of year	2013-12-31	$219,324
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	No
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2013-12-31	560747981
2012 : YADKIN BANK 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$2,432,365
Total of all expenses incurred	2012-12-31	$1,421,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,403,007
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$1,711,519
Value of total assets at end of year	2012-12-31	$7,439,547
Value of total assets at beginning of year	2012-12-31	$6,428,252
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$18,063
Total interest from all sources	2012-12-31	$4,860
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$192,331
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	$192,331
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
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
Contributions received from participants	2012-12-31	$688,745
Participant contributions at end of year	2012-12-31	$229,924
Participant contributions at beginning of year	2012-12-31	$140,165
Participant contributions at end of year	2012-12-31	$45,368
Participant contributions at beginning of year	2012-12-31	$16,045
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$522,689
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2012-12-31	$33,580
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$0
Administrative expenses (other) incurred	2012-12-31	$287
Total non interest bearing cash at beginning of year	2012-12-31	$0
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	$1,011,295
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$7,439,547
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$6,428,252
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	$16,751
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$6,283,496
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$5,701,928
Interest on participant loans	2012-12-31	$4,860
Value of interest in common/collective trusts at end of year	2012-12-31	$627,743
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$4
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$442,944
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$442,944
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$523,655
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	Yes
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	$500,085
Employer contributions (assets) at end of year	2012-12-31	$33,688
Employer contributions (assets) at beginning of year	2012-12-31	$32,047
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,369,427
Contract administrator fees	2012-12-31	$1,025
Assets. Corporate common stocks other than exployer securities at end of year	2012-12-31	$219,324
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-12-31	$95,123
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	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2012-12-31	560747981
2011 : YADKIN BANK 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$1,262,098
Total of all expenses incurred	2011-12-31	$602,057
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$577,264
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$1,320,619
Value of total assets at end of year	2011-12-31	$6,428,252
Value of total assets at beginning of year	2011-12-31	$5,768,211
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$24,793
Total interest from all sources	2011-12-31	$4,390
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$170,997
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	$170,997
Assets. Real estate other than employer real property at beginning of year	2011-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2011-12-31	$0
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
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
Contributions received from participants	2011-12-31	$649,711
Participant contributions at end of year	2011-12-31	$140,165
Participant contributions at beginning of year	2011-12-31	$156,351
Participant contributions at end of year	2011-12-31	$16,045
Participant contributions at beginning of year	2011-12-31	$25,057
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$230,119
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2011-12-31	$7,380
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2011-12-31	$0
Administrative expenses (other) incurred	2011-12-31	$202
Total non interest bearing cash at end of year	2011-12-31	$0
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	$660,041
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$6,428,252
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$5,768,211
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
Assets. partnership/joint venture interests at beginning of year	2011-12-31	$0
Investment advisory and management fees	2011-12-31	$23,891
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$5,701,928
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$5,167,463
Income. Interest from loans (other than to participants)	2011-12-31	$4,390
Value of interest in master investment trust accounts at beginning of year	2011-12-31	$0
Value of interest in common/collective trusts at beginning of year	2011-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$442,944
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$254,803
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$254,803
Assets. Value of investments in 103.12 investment entities at beginning of year	2011-12-31	$0
Asset value of US Government securities at beginning of year	2011-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-233,908
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	Yes
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	$440,789
Employer contributions (assets) at end of year	2011-12-31	$32,047
Employer contributions (assets) at beginning of year	2011-12-31	$17,647
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$569,884
Asset. Corporate debt instrument preferred debt at beginning of year	2011-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2011-12-31	$0
Contract administrator fees	2011-12-31	$700
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$95,123
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$146,890
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	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2011-12-31	560747981
2010 : YADKIN BANK 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$54,221
Total unrealized appreciation/depreciation of assets	2010-12-31	$54,221
Total transfer of assets to this plan	2010-12-31	$0
Total transfer of assets from this plan	2010-12-31	$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
Expenses. Interest paid	2010-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$1,610,479
Total loss/gain on sale of assets	2010-12-31	$4,752
Total of all expenses incurred	2010-12-31	$230,848
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$208,196
Expenses. Certain deemed distributions of participant loans	2010-12-31	$0
Value of total corrective distributions	2010-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,103,089
Value of total assets at end of year	2010-12-31	$5,768,211
Value of total assets at beginning of year	2010-12-31	$4,388,580
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$22,652
Total income from rents	2010-12-31	$0
Total interest from all sources	2010-12-31	$4,983
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$110,159
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	$110,159
Assets. Real estate other than employer real property at end of year	2010-12-31	$0
Assets. Real estate other than employer real property at beginning of year	2010-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at end of year	2010-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2010-12-31	$0
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$7,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
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
Contributions received from participants	2010-12-31	$612,705
Participant contributions at end of year	2010-12-31	$156,351
Participant contributions at beginning of year	2010-12-31	$150,216
Participant contributions at end of year	2010-12-31	$25,057
Participant contributions at beginning of year	2010-12-31	$25,765
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$58,343
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2010-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$0
Assets. Loans (other than to participants) at end of year	2010-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2010-12-31	$0
Other income not declared elsewhere	2010-12-31	$0
Administrative expenses (other) incurred	2010-12-31	$613
Total non interest bearing cash at beginning of year	2010-12-31	$0
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
Income. Non cash contributions	2010-12-31	$0
Value of net income/loss	2010-12-31	$1,379,631
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$5,768,211
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,388,580
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
Assets. partnership/joint venture interests at end of year	2010-12-31	$0
Assets. partnership/joint venture interests at beginning of year	2010-12-31	$0
Investment advisory and management fees	2010-12-31	$21,239
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$5,167,463
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$3,531,321
Interest on participant loans	2010-12-31	$4,983
Interest earned on other investments	2010-12-31	$0
Value of interest in master investment trust accounts at end of year	2010-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2010-12-31	$0
Value of interest in common/collective trusts at end of year	2010-12-31	$0
Value of interest in common/collective trusts at beginning of year	2010-12-31	$245,468
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$254,803
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$263,033
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$263,033
Assets. Value of investments in 103.12 investment entities at end of year	2010-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2010-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2010-12-31	$0
Asset value of US Government securities at end of year	2010-12-31	$0
Asset value of US Government securities at beginning of year	2010-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$333,275
Net investment gain or loss from common/collective trusts	2010-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
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
Assets. Invements in employer securities at beginning of year	2010-12-31	$0
Assets. Value of employer real property at beginning of year	2010-12-31	$0
Contributions received in cash from employer	2010-12-31	$432,041
Employer contributions (assets) at end of year	2010-12-31	$17,647
Employer contributions (assets) at beginning of year	2010-12-31	$16,636
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$208,196
Asset. Corporate debt instrument preferred debt at end of year	2010-12-31	$0
Asset. Corporate debt instrument preferred debt at beginning of year	2010-12-31	$0
Asset. Corporate debt instrument debt (other) at end of year	2010-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2010-12-31	$0
Contract administrator fees	2010-12-31	$800
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$146,890
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$156,141
Assets. Value of buildings and other operty used in plan operation at beginning of year	2010-12-31	$0
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
Aggregate proceeds on sale of assets	2010-12-31	$24,227
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$19,475
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2010-12-31	560747981
2009 : YADKIN BANK 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for YADKIN BANK

2015: YADKIN BANK 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2013: YADKIN BANK 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: YADKIN BANK 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: YADKIN BANK 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: YADKIN BANK 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: YADKIN BANK 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	VANTAGESOUTH BANK
Employer identification number (EIN):	562097132
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	North Carolina Secretary of State
Incorporation Date:
Company Identification Number:	0831932