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THE COMMUNITY BANK OF EAST TN 401(K) PLAN 401k Plan overview

Plan NameTHE COMMUNITY BANK OF EAST TN 401(K) PLAN
Plan identification number 001

THE COMMUNITY BANK OF EAST TN 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE COMMUNITY BANK OF EAST TN has sponsored the creation of one or more 401k plans.

Company Name:THE COMMUNITY BANK OF EAST TN
Employer identification number (EIN):621743353
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE COMMUNITY BANK OF EAST TN 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOSH CUNDIFF2024-07-19
0012022-01-01SUSAN WILSON2023-04-27
0012021-01-01SUSAN WILSON2022-07-14 SUSAN WILSON2022-07-14
0012020-01-01SUSAN WILSON2021-07-29 SUSAN WILSON2021-07-29
0012019-01-01SUSAN WILSON2020-06-04
0012018-01-01SUSAN WILSON2019-06-14
0012017-01-01SUSAN WILSON2018-06-12
0012016-01-01SUSAN WILSON2017-06-13
0012015-01-01JESSICA KLINGLER2016-05-11
0012014-01-01SUSAN WILSON2015-07-01
0012013-01-01JESSICA KLINGLER2014-06-23
0012012-01-01JESSICA KLINGLER2013-06-12
0012011-01-01NANCY L. JORDAN, EVP2012-08-31
0012010-01-01NANCY L. JORDAN, EVP2011-06-28
0012009-01-01NANCY L. JORDAN, EVP

Financial Data on THE COMMUNITY BANK OF EAST TN 401(K) PLAN

Measure Date Value
2025 : THE COMMUNITY BANK OF EAST TN 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-03-27133726
Net assets as of the end of the plan year2025-03-273565827
Total assets as of the beginning of the plan year2025-03-272851986
Value of plan covered by a fidelity bond2025-03-274750000
Participant contributions to plan in this plan year2025-03-27263635
Value of participant loans at end of plan year2025-03-2756208
Other contributions to plan in this plan year2025-03-2727854
Other income to plan in this plan year2025-03-27434604
Plan net income in this plan year2025-03-27713841
Net assets as of the end of the plan year2025-03-273565827
Net assets as of the beginning of the plan year2025-03-272851986
Employer contributions to plan in this plan year2025-03-27121474
Expensese paid to adminstrative service provicers from plan in this plan year2025-03-272640
2024 : THE COMMUNITY BANK OF EAST TN 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-19846296
Net assets as of the end of the plan year2024-07-192851986
Total assets as of the beginning of the plan year2024-07-192895704
Value of plan covered by a fidelity bond2024-07-194750000
Participant contributions to plan in this plan year2024-07-19250091
Value of participant loans at end of plan year2024-07-1943081
Other income to plan in this plan year2024-07-19440166
Plan net income in this plan year2024-07-19-43718
Net assets as of the end of the plan year2024-07-192851986
Net assets as of the beginning of the plan year2024-07-192895704
Employer contributions to plan in this plan year2024-07-19112321
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-193175
2022 : THE COMMUNITY BANK OF EAST TN 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-14245179
Net assets as of the end of the plan year2022-07-143427866
Total assets as of the beginning of the plan year2022-07-142843218
Value of plan covered by a fidelity bond2022-07-143000000
Participant contributions to plan in this plan year2022-07-14308429
Value of participant loans at end of plan year2022-07-14115061
Other income to plan in this plan year2022-07-14372176
Plan net income in this plan year2022-07-14584648
Net assets as of the end of the plan year2022-07-143427866
Net assets as of the beginning of the plan year2022-07-142843218
Employer contributions to plan in this plan year2022-07-14149222
Fees paid to broker by Benefit Provider2022-07-1416112
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-14926
2009 : THE COMMUNITY BANK OF EAST TN 401(K) 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

Form 5500 Responses for THE COMMUNITY BANK OF EAST TN 401(K) PLAN

2009: THE COMMUNITY BANK OF EAST TN 401(K) PLAN 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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