THE CAPITAL BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE CAPITAL BANK 401K SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2022 : THE CAPITAL BANK 401K SAVINGS PLAN 2022 401k financial data |
|---|
| Total income from all sources (including contributions) | 2022-12-31 | $2,501,225 |
| Total of all expenses incurred | 2022-12-31 | $163,282 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $110,386 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $0 |
| Value of total corrective distributions | 2022-12-31 | $10,109 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,139,813 |
| Value of total assets at end of year | 2022-12-31 | $5,369,797 |
| Value of total assets at beginning of year | 2022-12-31 | $3,031,854 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $42,787 |
| Total interest from all sources | 2022-12-31 | $895 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,587,146 |
| Participant contributions at end of year | 2022-12-31 | $37,366 |
| Participant contributions at beginning of year | 2022-12-31 | $7,006 |
| Participant contributions at end of year | 2022-12-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $369,239 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
| Other income not declared elsewhere | 2022-12-31 | $952 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $2,337,943 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $5,369,797 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,031,854 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $42,787 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $4,980,019 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $2,964,207 |
| Interest on participant loans | 2022-12-31 | $895 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $0 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $149,656 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $60,641 |
| Expenses. Payments to insurance carriers foe the provision of benefits | 2022-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-640,435 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $1,183,428 |
| Employer contributions (assets) at end of year | 2022-12-31 | $202,756 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $110,386 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | HOGAN TAYLOR LLP |
| Accountancy firm EIN | 2022-12-31 | 731413977 |
