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BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 401k Plan overview

Plan NameBANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN
Plan identification number 002

BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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).
  • 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

BANCTRUST FINANCIAL GROUP, INC has sponsored the creation of one or more 401k plans.

Company Name:BANCTRUST FINANCIAL GROUP, INC
Employer identification number (EIN):630909434
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01JOHN BARNETT, III
0022011-01-01F MICHEAL JOHNSON, CFO
0022010-01-01ALEXIS MALOY, VP
0022009-01-01ALEXIS MALOY, VP
0022009-01-01ALEXIS MALOY
0022009-01-01ALEXIS MALOY, VP

Plan Statistics for BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

401k plan membership statisitcs for BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2012: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01629
Total number of active participants reported on line 7a of the Form 55002012-01-01344
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-01153
Total of all active and inactive participants2012-01-01501
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01502
Number of participants with account balances2012-01-01502
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01660
Total number of active participants reported on line 7a of the Form 55002011-01-01412
Number of retired or separated participants receiving benefits2011-01-0164
Number of other retired or separated participants entitled to future benefits2011-01-01150
Total of all active and inactive participants2011-01-01626
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-013
Total participants2011-01-01629
Number of participants with account balances2011-01-01597
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0111
2010: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01584
Total number of active participants reported on line 7a of the Form 55002010-01-01481
Number of retired or separated participants receiving benefits2010-01-0139
Number of other retired or separated participants entitled to future benefits2010-01-01139
Total of all active and inactive participants2010-01-01659
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01660
Number of participants with account balances2010-01-01580
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014
2009: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01595
Total number of active participants reported on line 7a of the Form 55002009-01-01439
Number of retired or separated participants receiving benefits2009-01-012
Number of other retired or separated participants entitled to future benefits2009-01-01143
Total of all active and inactive participants2009-01-01584
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01584
Number of participants with account balances2009-01-01584
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0120

Financial Data on BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Measure Date Value
2012 : BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$481,431
Total unrealized appreciation/depreciation of assets2012-12-31$481,431
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$31,584
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$4,343,405
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$2,170,865
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,170,865
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,404,252
Value of total assets at end of year2012-12-31$22,018,735
Value of total assets at beginning of year2012-12-31$19,814,611
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$2,937
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$346,296
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$346,296
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
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
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$871,420
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$31,584
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$0
Total non interest bearing cash at end of year2012-12-31$46,382
Total non interest bearing cash at beginning of year2012-12-31$14,801
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$2,172,540
Value of net assets at end of year (total assets less liabilities)2012-12-31$21,987,151
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$19,814,611
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 in registered invesment companies (eg mutual funds) at end of year2012-12-31$15,150,889
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$17,403,295
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$5,954,082
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$2,043,248
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$2,043,248
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$2,937
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,108,489
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$867,382
Assets. Invements in employer securities at beginning of year2012-12-31$353,267
Contributions received in cash from employer2012-12-31$532,832
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,170,865
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MAULDIN & JENKINS
Accountancy firm EIN2012-12-31580692043
2011 : BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$14,479
Total income from all sources (including contributions)2011-12-31$1,292,634
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$2,228,185
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,228,185
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,527,696
Value of total assets at end of year2011-12-31$19,814,611
Value of total assets at beginning of year2011-12-31$20,764,641
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$2,570
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$387,287
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$387,287
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
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$3,479
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$954,189
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$177
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$15,782
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$14,479
Total non interest bearing cash at end of year2011-12-31$14,801
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-935,551
Value of net assets at end of year (total assets less liabilities)2011-12-31$19,814,611
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$20,750,162
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 in registered invesment companies (eg mutual funds) at end of year2011-12-31$17,403,295
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$17,948,688
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$2,043,248
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$2,149,686
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$2,149,686
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2,570
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-624,919
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$353,267
Assets. Invements in employer securities at beginning of year2011-12-31$649,643
Contributions received in cash from employer2011-12-31$573,330
Employer contributions (assets) at end of year2011-12-31$0
Employer contributions (assets) at beginning of year2011-12-31$842
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,228,185
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
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 name2011-12-31MAULDIN & JENKINS
Accountancy firm EIN2011-12-31580692043
2010 : BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$1,593,392
Total unrealized appreciation/depreciation of assets2010-12-31$1,593,392
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$14,479
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$137,186
Total income from all sources (including contributions)2010-12-31$3,553,178
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,889,254
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,851,368
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,571,512
Value of total assets at end of year2010-12-31$20,764,641
Value of total assets at beginning of year2010-12-31$19,223,424
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$37,886
Total interest from all sources2010-12-31$3,716
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$371,426
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$371,426
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$4,000,000
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
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$983,543
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$273
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$15,782
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$14,479
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$137,186
Other income not declared elsewhere2010-12-31$13,132
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$142,063
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$1,663,924
Value of net assets at end of year (total assets less liabilities)2010-12-31$20,750,162
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$19,086,238
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
Investment advisory and management fees2010-12-31$37,886
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$17,948,688
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$15,813,858
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$2,149,686
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$2,670,311
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$2,670,311
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$3,716
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$649,643
Assets. Invements in employer securities at beginning of year2010-12-31$597,192
Contributions received in cash from employer2010-12-31$587,696
Employer contributions (assets) at end of year2010-12-31$842
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,851,368
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
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 name2010-12-31MAULDIN & JENKINS
Accountancy firm EIN2010-12-31580692043
2009 : BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING 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 BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

2012: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BANCTRUST FINANCIAL GROUP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING 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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