?>
Logo

BANK OF COMMERCE 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameBANK OF COMMERCE 401K PROFIT SHARING PLAN
Plan identification number 002

BANK OF COMMERCE 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

BANK OF COMMERCE has sponsored the creation of one or more 401k plans.

Company Name:BANK OF COMMERCE
Employer identification number (EIN):640116770
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about BANK OF COMMERCE

Jurisdiction of Incorporation: Mississippi Secretary of State
Incorporation Date:
Company Identification Number: 401410

More information about BANK OF COMMERCE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF COMMERCE 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ZACH LUKE2024-05-15
0022022-01-01ZACH LUKE2023-07-25
0022021-01-01ZACH LUKE2022-06-28
0022020-01-01ZACH LUKE2021-05-18
0022018-01-01ZACH LUKE2019-10-04
0022017-01-01JERRY ABLES2018-10-15
0022016-01-01JERRY ABLES2017-10-16
0022015-01-01JERRY ABLES2016-07-29
0022014-01-01JERRY ABLES2015-07-09
0022013-01-01JERRY ABLES2014-07-24
0022012-01-01JERRY ABLES2013-07-22

Plan Statistics for BANK OF COMMERCE 401K PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF COMMERCE 401K PROFIT SHARING PLAN

Measure Date Value
2025: BANK OF COMMERCE 401K PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2394
Total number of particpants at end of year2025-06-2394
Number of Participants With Account Balances2025-06-2392
2024: BANK OF COMMERCE 401K PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-1581
Total number of particpants at end of year2024-05-1582
Number of Participants With Account Balances2024-05-1582
2022: BANK OF COMMERCE 401K PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-2872
Total number of particpants at end of year2022-06-2878
Number of Participants With Account Balances2022-06-2877

Financial Data on BANK OF COMMERCE 401K PROFIT SHARING PLAN

Measure Date Value
2025 : BANK OF COMMERCE 401K PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-230
Total liabilities as of the end of the plan year2025-06-230
Total liabilities as of the beginning of the plan year2025-06-230
Total expenses incurred by plan in this plan year2025-06-23280309
Net assets as of the end of the plan year2025-06-239295928
Total assets as of the beginning of the plan year2025-06-237320890
Value of plan covered by a fidelity bond2025-06-236000000
Participant contributions to plan in this plan year2025-06-23429221
Value of participant loans at end of plan year2025-06-23164987
Other expenses paid from plan in this plan year2025-06-230
Other contributions to plan in this plan year2025-06-23169733
Other income to plan in this plan year2025-06-231112724
Plan net income in this plan year2025-06-231975038
Net assets as of the end of the plan year2025-06-239295928
Net assets as of the beginning of the plan year2025-06-237320890
Employer contributions to plan in this plan year2025-06-23543669
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-2342327
2024 : BANK OF COMMERCE 401K PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-150
Total liabilities as of the end of the plan year2024-05-150
Total liabilities as of the beginning of the plan year2024-05-150
Total expenses incurred by plan in this plan year2024-05-15248068
Net assets as of the end of the plan year2024-05-157320890
Total assets as of the beginning of the plan year2024-05-155550578
Value of plan covered by a fidelity bond2024-05-156000000
Participant contributions to plan in this plan year2024-05-15366030
Value of participant loans at end of plan year2024-05-15111437
Other expenses paid from plan in this plan year2024-05-150
Other contributions to plan in this plan year2024-05-1512723
Other income to plan in this plan year2024-05-151176768
Plan net income in this plan year2024-05-151770312
Net assets as of the end of the plan year2024-05-157320890
Net assets as of the beginning of the plan year2024-05-155550578
Employer contributions to plan in this plan year2024-05-15462859
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-1538916
2022 : BANK OF COMMERCE 401K PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-280
Total liabilities as of the end of the plan year2022-06-280
Total liabilities as of the beginning of the plan year2022-06-280
Total expenses incurred by plan in this plan year2022-06-28244894
Net assets as of the end of the plan year2022-06-286520137
Total assets as of the beginning of the plan year2022-06-285122677
Value of plan covered by a fidelity bond2022-06-285000000
Participant contributions to plan in this plan year2022-06-28315374
Value of participant loans at end of plan year2022-06-2875133
Other expenses paid from plan in this plan year2022-06-280
Other contributions to plan in this plan year2022-06-28158493
Other income to plan in this plan year2022-06-28788253
Plan net income in this plan year2022-06-281397460
Net assets as of the end of the plan year2022-06-286520137
Net assets as of the beginning of the plan year2022-06-285122677
Employer contributions to plan in this plan year2022-06-28380234
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-2836827

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

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3