401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC plan

RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC
Plan identification number	001

RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021). Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation). Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BANKATLANTIC

Employer identification number (EIN): 590669712

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2012-01-01 STEVE REEDER
001 2011-01-01 STEVEN REEDER
001 2009-01-01 ANNE CHERVONY

Plan id#	Filing Submission Date	Name of Administrator
001	2012-01-01	STEVE REEDER
001	2011-01-01	STEVEN REEDER
001	2009-01-01	ANNE CHERVONY

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC

Measure Date Value
2012: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2012 401k membership
Total participants, beginning-of-year 2012-01-01 977
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
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 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
2011: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2011 401k membership
Total participants, beginning-of-year 2011-01-01 1,002
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 173
Number of retired or separated participants receiving benefits 2011-01-01 230
Number of other retired or separated participants entitled to future benefits 2011-01-01 542
Total of all active and inactive participants 2011-01-01 945
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 32
Total participants 2011-01-01 977
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,023
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 234
Number of retired or separated participants receiving benefits 2009-01-01 194
Number of other retired or separated participants entitled to future benefits 2009-01-01 516
Total of all active and inactive participants 2009-01-01 944
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 32
Total participants 2009-01-01 976
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: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2012 401k membership
Total participants, beginning-of-year	2012-01-01	977
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
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	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
2011: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2011 401k membership
Total participants, beginning-of-year	2011-01-01	1,002
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	173
Number of retired or separated participants receiving benefits	2011-01-01	230
Number of other retired or separated participants entitled to future benefits	2011-01-01	542
Total of all active and inactive participants	2011-01-01	945
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	32
Total participants	2011-01-01	977
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,023
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	234
Number of retired or separated participants receiving benefits	2009-01-01	194
Number of other retired or separated participants entitled to future benefits	2009-01-01	516
Total of all active and inactive participants	2009-01-01	944
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	32
Total participants	2009-01-01	976
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC

Measure	Date	Value
2012 : RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total transfer of assets from this plan	2012-12-31	$34,455,081
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$232,505
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$3,369
Total income from all sources (including contributions)	2012-12-31	$3,864,653
Total loss/gain on sale of assets	2012-12-31	$2,362,882
Total of all expenses incurred	2012-12-31	$1,446,949
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$1,404,660
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$773,146
Value of total assets at end of year	2012-12-31	$232,505
Value of total assets at beginning of year	2012-12-31	$32,040,746
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$42,289
Total interest from all sources	2012-12-31	$356
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$728,269
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$728,269
Administrative expenses professional fees incurred	2012-12-31	$18,151
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$142,000,000
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$90,004
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2012-12-31	$232,505
Administrative expenses (other) incurred	2012-12-31	$24,138
Liabilities. Value of operating payables at beginning of year	2012-12-31	$3,369
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	$2,417,704
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$32,037,377
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$30,872,685
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$17,119
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$798,711
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$798,711
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$356
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	$773,146
Employer contributions (assets) at end of year	2012-12-31	$125,382
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$1,404,660
Assets. Corporate common stocks other than exployer securities at end of year	2012-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-12-31	$369,350
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	Yes
Aggregate proceeds on sale of assets	2012-12-31	$2,362,882
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	GOLDSTEIN ZUGMAN WEINSTEIN & POOLE
Accountancy firm EIN	2012-12-31	200453834
2011 : RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-577,384
Total unrealized appreciation/depreciation of assets	2011-12-31	$-577,384
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$3,369
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$10,549
Total income from all sources (including contributions)	2011-12-31	$9,253,109
Total loss/gain on sale of assets	2011-12-31	$193,579
Total of all expenses incurred	2011-12-31	$1,470,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,284,585
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$8,854,752
Value of total assets at end of year	2011-12-31	$32,040,746
Value of total assets at beginning of year	2011-12-31	$24,265,756
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$186,354
Total interest from all sources	2011-12-31	$567
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$781,595
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	$781,595
Administrative expenses professional fees incurred	2011-12-31	$64,256
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$2,000,000
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
Administrative expenses (other) incurred	2011-12-31	$122,098
Liabilities. Value of operating payables at end of year	2011-12-31	$3,369
Liabilities. Value of operating payables at beginning of year	2011-12-31	$10,549
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	$7,782,170
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$32,037,377
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$24,255,207
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$30,872,685
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$23,199,840
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$798,711
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$457,794
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$457,794
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$567
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	$8,854,752
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,284,585
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$369,350
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$608,122
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
Aggregate proceeds on sale of assets	2011-12-31	$193,579
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	GOLDSTEIN ZUGMAN WEINSTEIN & POOLE
Accountancy firm EIN	2011-12-31	200453834
2010 : RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$2,327,683
Total unrealized appreciation/depreciation of assets	2010-12-31	$2,327,683
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$10,549
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$4,465
Total income from all sources (including contributions)	2010-12-31	$3,746,563
Total loss/gain on sale of assets	2010-12-31	$62,029
Total of all expenses incurred	2010-12-31	$1,436,259
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,203,235
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$781,009
Value of total assets at end of year	2010-12-31	$24,265,756
Value of total assets at beginning of year	2010-12-31	$21,949,368
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$233,024
Total interest from all sources	2010-12-31	$47
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$570,843
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	$570,843
Administrative expenses professional fees incurred	2010-12-31	$112,695
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$20,000,000
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
Other income not declared elsewhere	2010-12-31	$4,952
Administrative expenses (other) incurred	2010-12-31	$120,329
Liabilities. Value of operating payables at end of year	2010-12-31	$10,549
Liabilities. Value of operating payables at beginning of year	2010-12-31	$4,465
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	$2,310,304
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$24,255,207
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$21,944,903
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$23,199,840
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$21,070,956
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$457,794
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$357,294
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$357,294
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$47
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	$781,009
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,203,235
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$608,122
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$521,118
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	$62,029
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	GOLDSTEIN ZUGMAN WEINSTEIN & POOLE
Accountancy firm EIN	2010-12-31	200453834
2009 : RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 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 RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC

2012: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: RETIREMENT PLAN FOR EMPLOYEES OF BANKATLANTIC 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:	BANKATLANTIC
Employer identification number (EIN):	590669712
NAIC Classification:	522120
NAIC Description:	Savings Institutions