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SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 401k Plan overview

Plan NameSOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST
Plan identification number 502

SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

THE PALMETTO BANK PENSION PLAN has sponsored the creation of one or more 401k plans.

Company Name:THE PALMETTO BANK PENSION PLAN
Employer identification number (EIN):570221130
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5022015-01-01CATHERINE HAMBY
5022014-01-01LISA D. IRELAND
5022013-01-01LISA D. IRELAND
5022012-01-01DARLENE COLE
5022011-01-01TERESA KNIGHT
5022009-01-01TERESA W. KNIGHT SAMUEL L. ERWIN2010-10-08

Plan Statistics for SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST

401k plan membership statisitcs for SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST

Measure Date Value
2015: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01250
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
2014: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-01279
Total number of active participants reported on line 7a of the Form 55002014-01-01250
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-01250
2013: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-01308
Total number of active participants reported on line 7a of the Form 55002013-01-01279
Total of all active and inactive participants2013-01-01279
2012: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-01326
Total number of active participants reported on line 7a of the Form 55002012-01-01308
Total of all active and inactive participants2012-01-01308
2011: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01383
Total number of active participants reported on line 7a of the Form 55002011-01-01326
Total of all active and inactive participants2011-01-01326
2009: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01393
Total number of active participants reported on line 7a of the Form 55002009-01-01398
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-01407

Financial Data on SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST

Measure Date Value
2015 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$185,461
Expenses. Interest paid2015-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,610,600
Total of all expenses incurred2015-12-31$1,794,814
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,631,176
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,608,053
Value of total assets at end of year2015-12-31$0
Value of total assets at beginning of year2015-12-31$369,675
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$163,638
Total interest from all sources2015-12-31$1,015
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$7,000,000
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
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$3,511
Other income not declared elsewhere2015-12-31$1,532
Administrative expenses (other) incurred2015-12-31$163,638
Liabilities. Value of operating payables at end of year2015-12-31$0
Liabilities. Value of operating payables at beginning of year2015-12-31$49,681
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$108,298
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-184,214
Value of net assets at end of year (total assets less liabilities)2015-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$184,214
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
Investment advisory and management fees2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$257,866
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$257,866
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,015
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$182,426
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
Contributions received in cash from employer2015-12-31$1,608,053
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,448,750
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Liabilities. Value of benefit claims payable at end of year2015-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$135,780
Did the plan have assets held for investment2015-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party 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 name2015-12-31ELLIOTT DAVIS DECOSIMO, LLC/PLLC
Accountancy firm EIN2015-12-31570381582
2014 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$185,461
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$110,600
Expenses. Interest paid2014-12-31$34
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$34
Total income from all sources (including contributions)2014-12-31$1,985,877
Total of all expenses incurred2014-12-31$2,424,980
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,240,562
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,982,744
Value of total assets at end of year2014-12-31$369,675
Value of total assets at beginning of year2014-12-31$733,917
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$184,384
Total interest from all sources2014-12-31$3,074
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$2,987
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$7,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$3,511
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$5,634
Other income not declared elsewhere2014-12-31$59
Administrative expenses (other) incurred2014-12-31$180,263
Liabilities. Value of operating payables at end of year2014-12-31$49,681
Liabilities. Value of operating payables at beginning of year2014-12-31$620
Total non interest bearing cash at end of year2014-12-31$108,298
Total non interest bearing cash at beginning of year2014-12-31$172,180
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-439,103
Value of net assets at end of year (total assets less liabilities)2014-12-31$184,214
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$623,317
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
Investment advisory and management fees2014-12-31$1,134
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$257,866
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$556,103
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$556,103
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$3,074
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$219,322
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$1,982,744
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,021,240
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Liabilities. Value of benefit claims payable at end of year2014-12-31$135,780
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$109,980
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 name2014-12-31ELLIOTT DAVIS DECOSIMO, LLC
Accountancy firm EIN2014-12-31570381582
2013 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$110,600
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$155,405
Total income from all sources (including contributions)2013-12-31$2,046,198
Total of all expenses incurred2013-12-31$2,245,540
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$2,035,241
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,038,400
Value of total assets at end of year2013-12-31$733,917
Value of total assets at beginning of year2013-12-31$978,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$210,299
Total interest from all sources2013-12-31$3,607
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$6,440
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$7,000,000
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
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$5,634
Other income not declared elsewhere2013-12-31$4,191
Administrative expenses (other) incurred2013-12-31$202,072
Liabilities. Value of operating payables at end of year2013-12-31$620
Liabilities. Value of operating payables at beginning of year2013-12-31$317
Total non interest bearing cash at end of year2013-12-31$172,180
Total non interest bearing cash at beginning of year2013-12-31$405,563
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-199,342
Value of net assets at end of year (total assets less liabilities)2013-12-31$623,317
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$822,659
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
Investment advisory and management fees2013-12-31$1,787
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$556,103
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$572,501
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$572,501
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$3,607
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$223,948
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$2,038,400
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,811,293
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Liabilities. Value of benefit claims payable at end of year2013-12-31$109,980
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$155,088
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 name2013-12-31ELLIOTT DAVIS, LLC
Accountancy firm EIN2013-12-31570381582
2012 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2012 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$155,405
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$128,484
Total income from all sources (including contributions)2012-12-31$2,420,318
Total of all expenses incurred2012-12-31$2,235,404
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,009,836
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,411,993
Value of total assets at end of year2012-12-31$978,064
Value of total assets at beginning of year2012-12-31$766,229
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$225,568
Total interest from all sources2012-12-31$5,471
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$7,141
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$7,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$20,093
Other income not declared elsewhere2012-12-31$2,854
Administrative expenses (other) incurred2012-12-31$217,752
Liabilities. Value of operating payables at end of year2012-12-31$317
Liabilities. Value of operating payables at beginning of year2012-12-31$19,772
Total non interest bearing cash at end of year2012-12-31$405,563
Total non interest bearing cash at beginning of year2012-12-31$181,569
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$184,914
Value of net assets at end of year (total assets less liabilities)2012-12-31$822,659
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$637,745
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
Investment advisory and management fees2012-12-31$675
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$572,501
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$564,567
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$564,567
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$5,471
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$241,580
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$2,411,993
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,768,256
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Liabilities. Value of benefit claims payable at end of year2012-12-31$155,088
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$108,712
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 name2012-12-31ELLIOTT DAVIS, LLC
Accountancy firm EIN2012-12-31570381582
2011 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$128,484
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$118,245
Total income from all sources (including contributions)2011-12-31$2,891,414
Total of all expenses incurred2011-12-31$2,597,270
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,370,674
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,882,905
Value of total assets at end of year2011-12-31$766,229
Value of total assets at beginning of year2011-12-31$461,846
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$226,596
Total interest from all sources2011-12-31$2,052
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$4,810
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$7,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$20,093
Other income not declared elsewhere2011-12-31$6,457
Administrative expenses (other) incurred2011-12-31$220,250
Liabilities. Value of operating payables at end of year2011-12-31$19,772
Total non interest bearing cash at end of year2011-12-31$181,569
Total non interest bearing cash at beginning of year2011-12-31$559
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$294,144
Value of net assets at end of year (total assets less liabilities)2011-12-31$637,745
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$343,601
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
Investment advisory and management fees2011-12-31$1,536
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$564,567
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$461,287
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$461,287
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2,052
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$259,738
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$2,882,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,110,936
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Liabilities. Value of benefit claims payable at end of year2011-12-31$108,712
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$118,245
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 name2011-12-31ELLIOTT DAVIS, LLC
Accountancy firm EIN2011-12-31570381582
2010 : SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 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$118,245
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$218,991
Total income from all sources (including contributions)2010-12-31$2,733,604
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,492,628
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,221,963
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,727,390
Value of total assets at end of year2010-12-31$461,846
Value of total assets at beginning of year2010-12-31$321,616
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$270,665
Total interest from all sources2010-12-31$3,127
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$10,805
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$7,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Other income not declared elsewhere2010-12-31$3,087
Administrative expenses (other) incurred2010-12-31$183
Total non interest bearing cash at end of year2010-12-31$559
Total non interest bearing cash at beginning of year2010-12-31$605
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$240,976
Value of net assets at end of year (total assets less liabilities)2010-12-31$343,601
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$102,625
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
Investment advisory and management fees2010-12-31$1,077
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$461,287
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$321,011
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$321,011
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$3,127
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$245,392
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$2,727,390
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,976,571
Contract administrator fees2010-12-31$258,600
Liabilities. Value of benefit claims payable at end of year2010-12-31$118,245
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$218,991
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 name2010-12-31ELLIOTT DAVIS, LLC
Accountancy firm EIN2010-12-31570381582

Form 5500 Responses for SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST

2015: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingYes
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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