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REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameREPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

REPUBLIC BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:REPUBLIC BANCORP, INC.
Employer identification number (EIN):610862051
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022013-01-01KEVIN SIPES
0022012-01-01KEVIN SIPES
0022011-01-01KEVIN SIPES
0022010-01-01KEVIN SIPES
0022009-01-01KEVIN SIPES

Plan Statistics for REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2013: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01442
Total number of active participants reported on line 7a of the Form 55002013-01-010
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-010
Number of participants with account balances2013-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01544
Total number of active participants reported on line 7a of the Form 55002012-01-01397
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-0144
Total of all active and inactive participants2012-01-01442
Total participants2012-01-01442
Number of participants with account balances2012-01-01423
2011: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01598
Total number of active participants reported on line 7a of the Form 55002011-01-01434
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-01109
Total of all active and inactive participants2011-01-01544
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01544
Number of participants with account balances2011-01-01525
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01635
Total number of active participants reported on line 7a of the Form 55002010-01-01496
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-01101
Total of all active and inactive participants2010-01-01598
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01598
Number of participants with account balances2010-01-01588
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01671
Total number of active participants reported on line 7a of the Form 55002009-01-01547
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-0187
Total of all active and inactive participants2009-01-01635
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01635
Number of participants with account balances2009-01-01629
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2013 : REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-08-31$273
Total of all expenses incurred2013-08-31$5,719,692
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-08-31$5,719,627
Value of total assets at end of year2013-08-31$0
Value of total assets at beginning of year2013-08-31$5,719,419
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-08-31$65
Total interest from all sources2013-08-31$73
Total dividends received (eg from common stock, registered investment company shares)2013-08-31$200
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-08-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-08-31$0
Administrative expenses professional fees incurred2013-08-31$65
Was this plan covered by a fidelity bond2013-08-31Yes
Value of fidelity bond cover2013-08-31$10,000,000
If this is an individual account plan, was there a blackout period2013-08-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-08-31$0
Were there any nonexempt tranactions with any party-in-interest2013-08-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-08-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-08-31$42,137
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-08-31No
Value of net income/loss2013-08-31$-5,719,419
Value of net assets at end of year (total assets less liabilities)2013-08-31$0
Value of net assets at beginning of year (total assets less liabilities)2013-08-31$5,719,419
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-08-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-08-31No
Were any leases to which the plan was party in default or uncollectible2013-08-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-08-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-08-31$281,230
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-08-31$281,230
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-08-31$73
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-08-31No
Was there a failure to transmit to the plan any participant contributions2013-08-31No
Has the plan failed to provide any benefit when due under the plan2013-08-31No
Assets. Invements in employer securities at end of year2013-08-31$0
Assets. Invements in employer securities at beginning of year2013-08-31$5,396,052
Income. Dividends from common stock2013-08-31$200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-08-31$5,719,627
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-08-31No
Did the plan have assets held for investment2013-08-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-08-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-08-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-08-31No
Opinion of an independent qualified public accountant for this plan2013-08-31Unqualified
Accountancy firm name2013-08-31MOUNTJOY CHILTON MEDLEY
Accountancy firm EIN2013-08-31271235638
2012 : REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-452,012
Total unrealized appreciation/depreciation of assets2012-12-31$-452,012
Total income from all sources (including contributions)2012-12-31$231
Total loss/gain on sale of assets2012-12-31$57
Total of all expenses incurred2012-12-31$683,223
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$683,223
Value of total assets at end of year2012-12-31$5,719,419
Value of total assets at beginning of year2012-12-31$6,402,411
Total interest from all sources2012-12-31$45
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$452,141
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$42,137
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$42,359
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-682,992
Value of net assets at end of year (total assets less liabilities)2012-12-31$5,719,419
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,402,411
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
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$281,230
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$68,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$68,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$45
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
Assets. Invements in employer securities at end of year2012-12-31$5,396,052
Assets. Invements in employer securities at beginning of year2012-12-31$6,291,592
Income. Dividends from common stock2012-12-31$452,141
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$683,223
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
Aggregate proceeds on sale of assets2012-12-31$443,584
Aggregate carrying amount (costs) on sale of assets2012-12-31$443,527
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31MOUNTJOY CHILTON MEDLEY
Accountancy firm EIN2012-12-31271235638
2011 : REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-233,531
Total unrealized appreciation/depreciation of assets2011-12-31$-233,531
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$37,566
Total income from all sources (including contributions)2011-12-31$-136,500
Total loss/gain on sale of assets2011-12-31$-73,880
Total of all expenses incurred2011-12-31$600,164
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$600,164
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$9
Value of total assets at end of year2011-12-31$6,402,411
Value of total assets at beginning of year2011-12-31$7,176,641
Total interest from all sources2011-12-31$49
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$170,853
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$9
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$42,359
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$46,029
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-736,664
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,402,411
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$7,139,075
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
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$68,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$50,642
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$50,642
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$49
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
Assets. Invements in employer securities at end of year2011-12-31$6,291,592
Assets. Invements in employer securities at beginning of year2011-12-31$7,079,970
Employer contributions (assets) at beginning of year2011-12-31$0
Income. Dividends from common stock2011-12-31$170,853
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$600,164
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$37,566
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
Aggregate proceeds on sale of assets2011-12-31$443,656
Aggregate carrying amount (costs) on sale of assets2011-12-31$517,536
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31MOUNTJOY CHILTON MEDLEY
Accountancy firm EIN2011-12-31271235638
2010 : REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$934,080
Total unrealized appreciation/depreciation of assets2010-12-31$934,080
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$37,566
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,119,731
Total loss/gain on sale of assets2010-12-31$12,423
Total of all expenses incurred2010-12-31$471,837
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$471,837
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,400
Value of total assets at end of year2010-12-31$7,176,641
Value of total assets at beginning of year2010-12-31$6,491,181
Total interest from all sources2010-12-31$38
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$169,790
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$46,029
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$41,286
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$647,894
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,139,075
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,491,181
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
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$50,642
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$6,709
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$6,709
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$38
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
Assets. Invements in employer securities at end of year2010-12-31$7,079,970
Assets. Invements in employer securities at beginning of year2010-12-31$6,443,186
Contributions received in cash from employer2010-12-31$3,400
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from common stock2010-12-31$169,790
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$471,837
Liabilities. Value of benefit claims payable at end of year2010-12-31$37,566
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
Aggregate proceeds on sale of assets2010-12-31$347,029
Aggregate carrying amount (costs) on sale of assets2010-12-31$334,606
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31MOUNTJOY CHILTON MEDLEY
Accountancy firm EIN2010-12-31271235638
2009 : REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2013: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01This submission is the final filingYes
2013-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: REPUBLIC BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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