401k Plan data: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST plan

SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 401k Plan overview

Plan Name	SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST
Plan identification number	501

SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST Benefits

401k Plan Type	Welfare Benefit
Plan Features/Benefits	Health (other than dental or vision) Life insurance Dental Temporary disability (accident and sickness) Long-term disability cover

401k Sponsoring company profile

COMMUNITY FIRST BANK OF CHARLESTON has sponsored the creation of one or more 401k plans.

Company Name: COMMUNITY FIRST BANK OF CHARLESTON

Employer identification number (EIN): 582296760

NAIC Classification: 522120
NAIC Description: Savings Institutions

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 Signed Name of Company Sponsor Date Sponsor Signed
501 2012-01-01 JOE BONACCI JOE BONACCI 2013-07-29
501 2011-01-01 JOE BONACCI
501 2010-01-01 CLIFTON BODIFORD
501 2009-01-01 CLIFTON BODIFORD
501 2009-01-01 CLIFTON BODIFORD

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
501	2012-01-01	JOE BONACCI	JOE BONACCI	2013-07-29
501	2011-01-01	JOE BONACCI
501	2010-01-01	CLIFTON BODIFORD
501	2009-01-01	CLIFTON BODIFORD
501	2009-01-01	CLIFTON BODIFORD

Plan Statistics for SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST

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

Measure Date Value
2012: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 217
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 248
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 0
Total of all active and inactive participants 2012-01-01 248
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 248
Number of participants with account balances 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 230
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 217
Number of retired or separated participants receiving benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 217
Total participants 2011-01-01 217
2010: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 214
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 230
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 0
Total of all active and inactive participants 2010-01-01 230
Total participants 2010-01-01 230
2009: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 218
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 214
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 0
Total of all active and inactive participants 2009-01-01 214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 214
Number of participants with account balances 2009-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	217
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	248
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	0
Total of all active and inactive participants	2012-01-01	248
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	248
Number of participants with account balances	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	230
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	217
Number of retired or separated participants receiving benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	217
Total participants	2011-01-01	217
2010: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	214
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	230
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	0
Total of all active and inactive participants	2010-01-01	230
Total participants	2010-01-01	230
2009: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	218
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	214
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	0
Total of all active and inactive participants	2009-01-01	214
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	214
Number of participants with account balances	2009-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST

Measure	Date	Value
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	$1,186,274
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$855,091
Total income from all sources (including contributions)	2012-12-31	$2,173,532
Total of all expenses incurred	2012-12-31	$2,205,057
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,688,856
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$2,166,637
Value of total assets at end of year	2012-12-31	$805,582
Value of total assets at beginning of year	2012-12-31	$505,914
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$516,201
Total interest from all sources	2012-12-31	$6,895
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	No
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$1,618,439
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$805,582
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$505,914
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$0
Administrative expenses (other) incurred	2012-12-31	$346,459
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	$-31,525
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$-380,692
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$-349,177
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
Interest earned on other investments	2012-12-31	$2,367
Value of interest in common/collective trusts at end of year	2012-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$4,528
Expenses. Payments to insurance carriers foe the provision of benefits	2012-12-31	$339,311
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$548,198
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,349,545
Contract administrator fees	2012-12-31	$169,742
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	2012-12-31	No
Liabilities. Value of benefit claims payable at end of year	2012-12-31	$1,186,274
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$855,091
Did the plan have assets held for investment	2012-12-31	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	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	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	CLIFTON D BODIFORD CPA
Accountancy firm EIN	2012-12-31	570989001
2011 : SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total transfer of assets from this plan	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$855,091
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$633,610
Total income from all sources (including contributions)	2011-12-31	$1,987,838
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$1,990,499
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,865,359
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$1,982,165
Value of total assets at end of year	2011-12-31	$505,914
Value of total assets at beginning of year	2011-12-31	$287,094
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$125,140
Total interest from all sources	2011-12-31	$5,673
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Administrative expenses professional fees incurred	2011-12-31	$0
Was this plan covered by a fidelity bond	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$1,477,911
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$505,914
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$287,094
Administrative expenses (other) incurred	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	$-2,661
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$-349,177
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$-346,516
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
Interest earned on other investments	2011-12-31	$4,305
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$1,368
Expenses. Payments to insurance carriers foe the provision of benefits	2011-12-31	$301,317
Net investment gain or loss from common/collective trusts	2011-12-31	$0
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	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$504,254
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,564,042
Contract administrator fees	2011-12-31	$125,140
Liabilities. Value of benefit claims payable at end of year	2011-12-31	$855,091
Liabilities. Value of benefit claims payable at beginning of year	2011-12-31	$633,610
Did the plan have assets held for investment	2011-12-31	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	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	CLIFTON D BODIFORD CPA
Accountancy firm EIN	2011-12-31	570989001
2010 : SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$633,610
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$496,503
Total income from all sources (including contributions)	2010-12-31	$2,018,356
Total of all expenses incurred	2010-12-31	$2,041,608
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,650,292
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$2,014,487
Value of total assets at end of year	2010-12-31	$287,094
Value of total assets at beginning of year	2010-12-31	$173,238
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$391,316
Total interest from all sources	2010-12-31	$3,869
Administrative expenses professional fees incurred	2010-12-31	$0
Was this plan covered by a fidelity bond	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,501,104
Assets. Other investments not covered elsewhere at end of year	2010-12-31	$287,094
Assets. Other investments not covered elsewhere at beginning of year	2010-12-31	$173,238
Other income not declared elsewhere	2010-12-31	$113,856
Administrative expenses (other) incurred	2010-12-31	$305,184
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-23,252
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$-346,516
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$-323,265
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
Interest earned on other investments	2010-12-31	$1,922
Value of interest in common/collective trusts at end of year	2010-12-31	$287,094
Value of interest in common/collective trusts at beginning of year	2010-12-31	$173,238
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$1,947
Expenses. Payments to insurance carriers foe the provision of benefits	2010-12-31	$303,209
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
Contributions received in cash from employer	2010-12-31	$513,383
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,347,083
Contract administrator fees	2010-12-31	$86,132
Liabilities. Value of benefit claims payable at end of year	2010-12-31	$633,610
Liabilities. Value of benefit claims payable at beginning of year	2010-12-31	$496,503
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	CLIFTON D BODIFORD, CPA
Accountancy firm EIN	2010-12-31	570989001

Form 5500 Responses for SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST

2012: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2011: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2010: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2009: SOUTH CAROLINA BANKERS' EMPLOYEE BENEFIT TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes

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Company Name:	COMMUNITY FIRST BANK OF CHARLESTON
Employer identification number (EIN):	582296760
NAIC Classification:	522120
NAIC Description:	Savings Institutions