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FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN
Plan identification number 001

FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRST BANK CORP has sponsored the creation of one or more 401k plans.

Company Name:FIRST BANK CORP
Employer identification number (EIN):710682703
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01LEE ANN NEIDECKER2023-10-13
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01HOGANTAYLOR LLP PREPARER
0012016-01-01HOGANTAYLOR LLP PREPARER
0012015-01-01BARBARA BETHELL BARBARA BETHELL2016-10-13
0012014-01-01BARBARA BETHELL BARBARA BETHELL2015-10-13
0012013-01-01BARBARA BETHELL BARBARA BETHELL2014-10-14
0012012-01-01BARBARA BETHELL BARBARA BETHELL2013-10-13
0012011-01-01BARBARA BETHELL BARBARA BETHELL2012-10-12
0012010-01-01BARBARA BETHELL BARBARA BETHELL2011-10-16
0012009-01-01BARBARA BETHELL BARBARA BETHELL2010-10-12

Plan Statistics for FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2022: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01568
Total number of active participants reported on line 7a of the Form 55002022-01-01438
Number of retired or separated participants receiving benefits2022-01-0134
Number of other retired or separated participants entitled to future benefits2022-01-01119
Total of all active and inactive participants2022-01-01591
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-014
Total participants2022-01-01595
Number of participants with account balances2022-01-01595
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01571
Total number of active participants reported on line 7a of the Form 55002021-01-01418
Number of retired or separated participants receiving benefits2021-01-0125
Number of other retired or separated participants entitled to future benefits2021-01-01105
Total of all active and inactive participants2021-01-01548
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-014
Total participants2021-01-01552
Number of participants with account balances2021-01-01552
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0110
2020: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01475
Total number of active participants reported on line 7a of the Form 55002020-01-01384
Number of retired or separated participants receiving benefits2020-01-0125
Number of other retired or separated participants entitled to future benefits2020-01-0181
Total of all active and inactive participants2020-01-01490
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-014
Total participants2020-01-01494
Number of participants with account balances2020-01-01494
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-017
2019: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01466
Total number of active participants reported on line 7a of the Form 55002019-01-01377
Number of retired or separated participants receiving benefits2019-01-0117
Number of other retired or separated participants entitled to future benefits2019-01-0159
Total of all active and inactive participants2019-01-01453
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01455
Number of participants with account balances2019-01-01455
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01464
Total number of active participants reported on line 7a of the Form 55002018-01-01354
Number of retired or separated participants receiving benefits2018-01-0129
Number of other retired or separated participants entitled to future benefits2018-01-0171
Total of all active and inactive participants2018-01-01454
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-012
Total participants2018-01-01456
Number of participants with account balances2018-01-01456
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2017: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01468
Total number of active participants reported on line 7a of the Form 55002017-01-01338
Number of retired or separated participants receiving benefits2017-01-0140
Number of other retired or separated participants entitled to future benefits2017-01-0166
Total of all active and inactive participants2017-01-01444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-012
Total participants2017-01-01446
Number of participants with account balances2017-01-01446
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0110
2016: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01468
Total number of active participants reported on line 7a of the Form 55002016-01-01346
Number of retired or separated participants receiving benefits2016-01-0136
Number of other retired or separated participants entitled to future benefits2016-01-0172
Total of all active and inactive participants2016-01-01454
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-012
Total participants2016-01-01456
Number of participants with account balances2016-01-01456
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019
2015: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01534
Total number of active participants reported on line 7a of the Form 55002015-01-01375
Number of retired or separated participants receiving benefits2015-01-015
Number of other retired or separated participants entitled to future benefits2015-01-0195
Total of all active and inactive participants2015-01-01475
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01476
Number of participants with account balances2015-01-01476
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0114
2014: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01534
Total number of active participants reported on line 7a of the Form 55002014-01-01438
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0195
Total of all active and inactive participants2014-01-01533
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01534
Number of participants with account balances2014-01-01468
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-017
2013: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01520
Total number of active participants reported on line 7a of the Form 55002013-01-01429
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-01102
Total of all active and inactive participants2013-01-01533
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01534
Number of participants with account balances2013-01-01480
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01456
Total number of active participants reported on line 7a of the Form 55002012-01-01437
Number of other retired or separated participants entitled to future benefits2012-01-0182
Total of all active and inactive participants2012-01-01519
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01520
Number of participants with account balances2012-01-01463
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01464
Total number of active participants reported on line 7a of the Form 55002011-01-01371
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-0177
Total of all active and inactive participants2011-01-01453
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-013
Total participants2011-01-01456
Number of participants with account balances2011-01-01456
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-019
2010: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01482
Total number of active participants reported on line 7a of the Form 55002010-01-01398
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0164
Total of all active and inactive participants2010-01-01462
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-012
Total participants2010-01-01464
Number of participants with account balances2010-01-01464
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-015
2009: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01469
Total number of active participants reported on line 7a of the Form 55002009-01-01398
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0181
Total of all active and inactive participants2009-01-01479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-013
Total participants2009-01-01482
Number of participants with account balances2009-01-01482
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2022 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-758,687
Total unrealized appreciation/depreciation of assets2022-12-31$-758,687
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$484,633
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$164,995
Total income from all sources (including contributions)2022-12-31$-5,429,303
Total loss/gain on sale of assets2022-12-31$-19,647
Total of all expenses incurred2022-12-31$3,827,640
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,757,956
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$3,791,954
Value of total assets at end of year2022-12-31$64,568,853
Value of total assets at beginning of year2022-12-31$73,506,158
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$69,684
Total interest from all sources2022-12-31$400,616
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,183,674
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,183,674
Administrative expenses professional fees incurred2022-12-31$34,295
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,070,173
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$5,323
Assets. Other investments not covered elsewhere at end of year2022-12-31$280,620
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$295,974
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$255,429
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$176,312
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$134,361
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$11,409
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$22,932
Other income not declared elsewhere2022-12-31$2,400
Liabilities. Value of operating payables at end of year2022-12-31$44,717
Liabilities. Value of operating payables at beginning of year2022-12-31$12,673
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$12,673
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-9,256,943
Value of net assets at end of year (total assets less liabilities)2022-12-31$64,084,220
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$73,341,163
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$35,389
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$42,900,014
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$52,605,668
Income. Interest from US Government securities2022-12-31$179,466
Income. Interest from corporate debt instruments2022-12-31$187,718
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,887,129
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$1,635,805
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$1,635,805
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$33,432
Asset value of US Government securities at end of year2022-12-31$12,577,200
Asset value of US Government securities at beginning of year2022-12-31$10,178,775
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-10,029,613
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$2,466,352
Employer contributions (assets) at end of year2022-12-31$1,692,178
Employer contributions (assets) at beginning of year2022-12-31$1,389,658
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,757,956
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$5,055,400
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$7,247,921
Liabilities. Value of benefit claims payable at end of year2022-12-31$428,507
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$129,390
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$5,199,835
Aggregate carrying amount (costs) on sale of assets2022-12-31$5,219,482
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HOGANTAYLOR LLP
Accountancy firm EIN2022-12-31731413977
2021 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-415,978
Total unrealized appreciation/depreciation of assets2021-12-31$-415,978
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$164,995
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$732,338
Total income from all sources (including contributions)2021-12-31$12,570,246
Total loss/gain on sale of assets2021-12-31$-47,604
Total of all expenses incurred2021-12-31$2,271,162
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,191,219
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,286,165
Value of total assets at end of year2021-12-31$73,506,158
Value of total assets at beginning of year2021-12-31$63,774,417
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$79,943
Total interest from all sources2021-12-31$404,971
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,889,690
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,889,690
Administrative expenses professional fees incurred2021-12-31$46,757
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$920,387
Participant contributions at end of year2021-12-31$5,323
Participant contributions at beginning of year2021-12-31$3,378
Assets. Other investments not covered elsewhere at end of year2021-12-31$295,974
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$175,384
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$134,361
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$119,798
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$22,932
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$1,253
Liabilities. Value of operating payables at end of year2021-12-31$12,673
Liabilities. Value of operating payables at beginning of year2021-12-31$30,328
Total non interest bearing cash at end of year2021-12-31$12,673
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$10,299,084
Value of net assets at end of year (total assets less liabilities)2021-12-31$73,341,163
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$63,042,079
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$33,186
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$52,605,668
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$44,389,081
Income. Interest from US Government securities2021-12-31$180,436
Income. Interest from corporate debt instruments2021-12-31$224,375
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$1,635,805
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$1,372,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$1,372,941
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$160
Asset value of US Government securities at end of year2021-12-31$10,178,775
Asset value of US Government securities at beginning of year2021-12-31$10,331,787
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$7,451,749
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$2,190,394
Employer contributions (assets) at end of year2021-12-31$1,389,658
Employer contributions (assets) at beginning of year2021-12-31$1,321,126
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,191,219
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$7,247,921
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$6,236,306
Liabilities. Value of benefit claims payable at end of year2021-12-31$129,390
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$702,010
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$5,068,964
Aggregate carrying amount (costs) on sale of assets2021-12-31$5,116,568
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HOGANTAYLOR LLP
Accountancy firm EIN2021-12-31731413977
2020 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$90,299
Total unrealized appreciation/depreciation of assets2020-12-31$90,299
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$732,338
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$401,828
Total income from all sources (including contributions)2020-12-31$10,637,607
Total loss/gain on sale of assets2020-12-31$6,001
Total of all expenses incurred2020-12-31$4,010,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,946,234
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,072,223
Value of total assets at end of year2020-12-31$63,774,417
Value of total assets at beginning of year2020-12-31$56,816,755
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$64,221
Total interest from all sources2020-12-31$396,452
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,114,070
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,114,070
Administrative expenses professional fees incurred2020-12-31$37,411
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$874,845
Participant contributions at end of year2020-12-31$3,378
Participant contributions at beginning of year2020-12-31$9,350
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$110,511
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$119,798
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$124,968
Liabilities. Value of operating payables at end of year2020-12-31$30,328
Liabilities. Value of operating payables at beginning of year2020-12-31$16,784
Total non interest bearing cash at beginning of year2020-12-31$16,784
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$6,627,152
Value of net assets at end of year (total assets less liabilities)2020-12-31$63,042,079
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$56,414,927
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$26,810
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$44,389,081
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$38,503,947
Income. Interest from US Government securities2020-12-31$188,348
Income. Interest from corporate debt instruments2020-12-31$202,786
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$1,372,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,134,760
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,134,760
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$5,318
Asset value of US Government securities at end of year2020-12-31$10,331,787
Asset value of US Government securities at beginning of year2020-12-31$5,982,334
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$5,958,562
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$2,086,867
Employer contributions (assets) at end of year2020-12-31$1,321,126
Employer contributions (assets) at beginning of year2020-12-31$1,207,438
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,946,234
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$6,236,306
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$9,837,174
Liabilities. Value of benefit claims payable at end of year2020-12-31$702,010
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$385,044
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$5,267,641
Aggregate carrying amount (costs) on sale of assets2020-12-31$5,261,640
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31HOGANTAYLOR LLP
Accountancy firm EIN2020-12-31731413977
2019 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$173,588
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$173,588
Total unrealized appreciation/depreciation of assets2019-12-31$173,588
Total unrealized appreciation/depreciation of assets2019-12-31$173,588
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$401,828
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$401,828
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,032,304
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$1,032,304
Total income from all sources (including contributions)2019-12-31$11,988,471
Total income from all sources (including contributions)2019-12-31$11,988,471
Total loss/gain on sale of assets2019-12-31$15,480
Total loss/gain on sale of assets2019-12-31$15,480
Total of all expenses incurred2019-12-31$3,552,256
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,501,318
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,501,318
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,773,599
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,773,599
Value of total assets at end of year2019-12-31$56,816,755
Value of total assets at end of year2019-12-31$56,816,755
Value of total assets at beginning of year2019-12-31$49,011,016
Value of total assets at beginning of year2019-12-31$49,011,016
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$50,938
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$50,938
Total interest from all sources2019-12-31$402,634
Total interest from all sources2019-12-31$402,634
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$949,223
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$949,223
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$949,223
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$949,223
Administrative expenses professional fees incurred2019-12-31$26,092
Administrative expenses professional fees incurred2019-12-31$26,092
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$826,413
Contributions received from participants2019-12-31$826,413
Participant contributions at end of year2019-12-31$9,350
Participant contributions at end of year2019-12-31$9,350
Participant contributions at beginning of year2019-12-31$14,190
Participant contributions at beginning of year2019-12-31$14,190
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$127,358
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$127,358
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$124,968
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$124,968
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$90,513
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$90,513
Liabilities. Value of operating payables at end of year2019-12-31$16,784
Liabilities. Value of operating payables at end of year2019-12-31$16,784
Liabilities. Value of operating payables at beginning of year2019-12-31$28,064
Liabilities. Value of operating payables at beginning of year2019-12-31$28,064
Total non interest bearing cash at end of year2019-12-31$16,784
Total non interest bearing cash at end of year2019-12-31$16,784
Total non interest bearing cash at beginning of year2019-12-31$44,958
Total non interest bearing cash at beginning of year2019-12-31$44,958
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$8,436,215
Value of net assets at end of year (total assets less liabilities)2019-12-31$56,414,927
Value of net assets at end of year (total assets less liabilities)2019-12-31$56,414,927
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$47,978,712
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$47,978,712
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$24,846
Investment advisory and management fees2019-12-31$24,846
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$38,503,947
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$38,503,947
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$31,299,950
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$31,299,950
Income. Interest from US Government securities2019-12-31$136,247
Income. Interest from US Government securities2019-12-31$136,247
Income. Interest from corporate debt instruments2019-12-31$236,716
Income. Interest from corporate debt instruments2019-12-31$236,716
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,134,760
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,134,760
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$1,207,419
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$1,207,419
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$29,671
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$29,671
Asset value of US Government securities at end of year2019-12-31$5,982,334
Asset value of US Government securities at end of year2019-12-31$5,982,334
Asset value of US Government securities at beginning of year2019-12-31$6,240,971
Asset value of US Government securities at beginning of year2019-12-31$6,240,971
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$7,673,947
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$7,673,947
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,819,828
Contributions received in cash from employer2019-12-31$1,819,828
Employer contributions (assets) at end of year2019-12-31$1,207,438
Employer contributions (assets) at end of year2019-12-31$1,207,438
Employer contributions (assets) at beginning of year2019-12-31$1,091,501
Employer contributions (assets) at beginning of year2019-12-31$1,091,501
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,501,318
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,501,318
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$9,837,174
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$9,837,174
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$9,021,514
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$9,021,514
Liabilities. Value of benefit claims payable at end of year2019-12-31$385,044
Liabilities. Value of benefit claims payable at end of year2019-12-31$385,044
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$1,004,240
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$1,004,240
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$7,898,509
Aggregate proceeds on sale of assets2019-12-31$7,898,509
Aggregate carrying amount (costs) on sale of assets2019-12-31$7,883,029
Aggregate carrying amount (costs) on sale of assets2019-12-31$7,883,029
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31HOGANTAYLOR LLP
Accountancy firm name2019-12-31HOGANTAYLOR LLP
Accountancy firm EIN2019-12-31731413977
2018 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-29,235
Total unrealized appreciation/depreciation of assets2018-12-31$-29,235
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$1,032,304
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$956,468
Total income from all sources (including contributions)2018-12-31$1,721,136
Total loss/gain on sale of assets2018-12-31$4,734
Total of all expenses incurred2018-12-31$6,338,626
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$6,273,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$3,221,897
Value of total assets at end of year2018-12-31$49,011,016
Value of total assets at beginning of year2018-12-31$53,552,670
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$64,730
Total interest from all sources2018-12-31$299,544
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$889,368
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$889,368
Administrative expenses professional fees incurred2018-12-31$37,418
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$803,212
Participant contributions at end of year2018-12-31$14,190
Participant contributions at beginning of year2018-12-31$15,840
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$707,717
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$90,513
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$86,746
Liabilities. Value of operating payables at end of year2018-12-31$28,064
Liabilities. Value of operating payables at beginning of year2018-12-31$15,014
Total non interest bearing cash at end of year2018-12-31$44,958
Total non interest bearing cash at beginning of year2018-12-31$29,917
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-4,617,490
Value of net assets at end of year (total assets less liabilities)2018-12-31$47,978,712
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$52,596,202
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$27,312
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$31,299,950
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$36,484,675
Income. Interest from US Government securities2018-12-31$80,833
Income. Interest from corporate debt instruments2018-12-31$198,384
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$1,207,419
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$423,839
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$423,839
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$20,327
Asset value of US Government securities at end of year2018-12-31$6,240,971
Asset value of US Government securities at beginning of year2018-12-31$3,927,501
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,665,172
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,710,968
Employer contributions (assets) at end of year2018-12-31$1,091,501
Employer contributions (assets) at beginning of year2018-12-31$1,080,917
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$6,273,896
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$9,021,514
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$11,503,235
Liabilities. Value of benefit claims payable at end of year2018-12-31$1,004,240
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$941,454
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$4,605,000
Aggregate carrying amount (costs) on sale of assets2018-12-31$4,600,266
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31HOGANTAYLOR LLP
Accountancy firm EIN2018-12-31731413977
2017 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$-66,855
Total unrealized appreciation/depreciation of assets2017-12-31$-66,855
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$956,468
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$633,906
Total income from all sources (including contributions)2017-12-31$8,784,309
Total loss/gain on sale of assets2017-12-31$-2,939
Total of all expenses incurred2017-12-31$2,907,401
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,835,799
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,434,295
Value of total assets at end of year2017-12-31$53,552,670
Value of total assets at beginning of year2017-12-31$47,353,200
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$71,602
Total interest from all sources2017-12-31$236,495
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$733,087
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$733,087
Administrative expenses professional fees incurred2017-12-31$44,874
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$776,156
Participant contributions at end of year2017-12-31$15,840
Participant contributions at beginning of year2017-12-31$17,389
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,981
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$86,746
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$64,161
Administrative expenses (other) incurred2017-12-31$800
Liabilities. Value of operating payables at end of year2017-12-31$15,014
Liabilities. Value of operating payables at beginning of year2017-12-31$14,585
Total non interest bearing cash at end of year2017-12-31$29,917
Total non interest bearing cash at beginning of year2017-12-31$14,585
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$5,876,908
Value of net assets at end of year (total assets less liabilities)2017-12-31$52,596,202
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$46,719,294
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$25,928
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$36,484,675
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$32,148,097
Income. Interest from US Government securities2017-12-31$64,406
Income. Interest from corporate debt instruments2017-12-31$165,148
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$423,839
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$620,468
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$620,468
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$6,941
Asset value of US Government securities at end of year2017-12-31$3,927,501
Asset value of US Government securities at beginning of year2017-12-31$5,400,896
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$5,450,226
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,653,158
Employer contributions (assets) at end of year2017-12-31$1,080,917
Employer contributions (assets) at beginning of year2017-12-31$1,072,009
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,835,799
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$11,503,235
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$8,015,595
Liabilities. Value of benefit claims payable at end of year2017-12-31$941,454
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$619,321
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$4,050,078
Aggregate carrying amount (costs) on sale of assets2017-12-31$4,053,017
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31HOGANTAYLOR LLP
Accountancy firm EIN2017-12-31731413977
2016 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$-58,347
Total unrealized appreciation/depreciation of assets2016-12-31$-58,347
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$633,906
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$8,475,697
Total income from all sources (including contributions)2016-12-31$14,583,882
Total loss/gain on sale of assets2016-12-31$-27,514
Total of all expenses incurred2016-12-31$5,385,496
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$5,338,668
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,976,826
Value of total assets at end of year2016-12-31$47,353,200
Value of total assets at beginning of year2016-12-31$45,996,605
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$46,828
Total interest from all sources2016-12-31$217,593
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$718,220
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$718,220
Administrative expenses professional fees incurred2016-12-31$23,923
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$782,931
Participant contributions at end of year2016-12-31$17,389
Participant contributions at beginning of year2016-12-31$21,479
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$554,644
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$64,161
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$119,050
Other income not declared elsewhere2016-12-31$8,466,136
Liabilities. Value of operating payables at end of year2016-12-31$14,585
Liabilities. Value of operating payables at beginning of year2016-12-31$9,561
Total non interest bearing cash at end of year2016-12-31$14,585
Total non interest bearing cash at beginning of year2016-12-31$7,029
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$9,198,386
Value of net assets at end of year (total assets less liabilities)2016-12-31$46,719,294
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$37,520,908
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$22,905
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$32,148,097
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$27,949,071
Income. Interest from US Government securities2016-12-31$76,858
Income. Interest from corporate debt instruments2016-12-31$137,806
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$620,468
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$961,346
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$961,346
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$2,929
Asset value of US Government securities at end of year2016-12-31$5,400,896
Asset value of US Government securities at beginning of year2016-12-31$6,993,189
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,290,968
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at beginning of year2016-12-31$1,792,245
Contributions received in cash from employer2016-12-31$1,639,251
Employer contributions (assets) at end of year2016-12-31$1,072,009
Employer contributions (assets) at beginning of year2016-12-31$1,045,114
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$5,338,668
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$8,015,595
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$7,108,082
Liabilities. Value of benefit claims payable at end of year2016-12-31$619,321
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$8,466,136
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$8,986,055
Aggregate carrying amount (costs) on sale of assets2016-12-31$9,013,569
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31HOGANTAYLOR LLP
Accountancy firm EIN2016-12-31731413977
2015 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-522,917
Total unrealized appreciation/depreciation of assets2015-12-31$-522,917
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$8,475,697
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$9,831,540
Total income from all sources (including contributions)2015-12-31$2,813,287
Total loss/gain on sale of assets2015-12-31$-36,165
Total of all expenses incurred2015-12-31$4,425,835
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$4,372,939
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,384,210
Value of total assets at end of year2015-12-31$45,996,605
Value of total assets at beginning of year2015-12-31$48,964,996
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$52,896
Total interest from all sources2015-12-31$249,859
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$738,300
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$621,693
Administrative expenses professional fees incurred2015-12-31$27,475
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$740,792
Participant contributions at end of year2015-12-31$21,479
Participant contributions at beginning of year2015-12-31$30,735
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$13,715
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$119,050
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$156,721
Liabilities. Value of operating payables at end of year2015-12-31$9,561
Liabilities. Value of operating payables at beginning of year2015-12-31$11,908
Total non interest bearing cash at end of year2015-12-31$7,029
Total non interest bearing cash at beginning of year2015-12-31$2,596
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,612,548
Value of net assets at end of year (total assets less liabilities)2015-12-31$37,520,908
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$39,133,456
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$25,421
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$27,949,071
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$28,666,438
Income. Interest from US Government securities2015-12-31$119,359
Income. Interest from corporate debt instruments2015-12-31$130,027
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$961,346
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$875,802
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$875,802
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$473
Asset value of US Government securities at end of year2015-12-31$6,993,189
Asset value of US Government securities at beginning of year2015-12-31$9,652,300
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$1,792,245
Assets. Invements in employer securities at beginning of year2015-12-31$2,524,004
Contributions received in cash from employer2015-12-31$1,629,703
Employer contributions (assets) at end of year2015-12-31$1,045,114
Employer contributions (assets) at beginning of year2015-12-31$1,088,718
Income. Dividends from common stock2015-12-31$116,607
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$4,372,939
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$7,108,082
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$5,967,682
Liabilities. Value of benefit claims payable at end of year2015-12-31$8,466,136
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$9,819,632
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$11,499,194
Aggregate carrying amount (costs) on sale of assets2015-12-31$11,535,359
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2015-12-31710534074
2014 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$1,831,780
Total unrealized appreciation/depreciation of assets2014-12-31$1,831,780
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$9,831,270
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$7,441,222
Total income from all sources (including contributions)2014-12-31$5,370,821
Total loss/gain on sale of assets2014-12-31$131,509
Total of all expenses incurred2014-12-31$6,331,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$6,293,728
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,322,132
Value of total assets at end of year2014-12-31$48,964,996
Value of total assets at beginning of year2014-12-31$47,535,872
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$38,017
Total interest from all sources2014-12-31$328,736
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$756,664
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$592,305
Administrative expenses professional fees incurred2014-12-31$12,853
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$693,372
Participant contributions at end of year2014-12-31$30,735
Participant contributions at beginning of year2014-12-31$25,116
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$4,730
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$156,721
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$249,082
Administrative expenses (other) incurred2014-12-31$2,503
Liabilities. Value of operating payables at end of year2014-12-31$11,908
Liabilities. Value of operating payables at beginning of year2014-12-31$10,997
Total non interest bearing cash at end of year2014-12-31$2,596
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-960,924
Value of net assets at end of year (total assets less liabilities)2014-12-31$39,133,726
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$40,094,650
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$22,661
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$28,666,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$25,111,622
Income. Interest from US Government securities2014-12-31$163,816
Income. Interest from corporate debt instruments2014-12-31$164,736
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$875,802
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,442,078
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,442,078
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$184
Asset value of US Government securities at end of year2014-12-31$9,652,300
Asset value of US Government securities at beginning of year2014-12-31$7,798,610
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$2,524,004
Assets. Invements in employer securities at beginning of year2014-12-31$4,831,295
Contributions received in cash from employer2014-12-31$1,624,030
Employer contributions (assets) at end of year2014-12-31$1,088,718
Employer contributions (assets) at beginning of year2014-12-31$1,131,967
Income. Dividends from common stock2014-12-31$164,359
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$6,293,728
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$5,967,682
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$6,946,102
Liabilities. Value of benefit claims payable at end of year2014-12-31$9,819,362
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$7,430,225
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$10,420,809
Aggregate carrying amount (costs) on sale of assets2014-12-31$10,289,300
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31NORRIS TAYLOR & CO.
Accountancy firm EIN2014-12-31710534074
2013 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$5,248,749
Total unrealized appreciation/depreciation of assets2013-12-31$5,248,749
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$7,441,222
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$8,297,734
Total income from all sources (including contributions)2013-12-31$9,313,180
Total loss/gain on sale of assets2013-12-31$499,742
Total of all expenses incurred2013-12-31$3,283,134
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$3,245,773
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,447,487
Value of total assets at end of year2013-12-31$47,535,872
Value of total assets at beginning of year2013-12-31$42,362,338
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$37,361
Total interest from all sources2013-12-31$340,569
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$776,633
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$503,668
Administrative expenses professional fees incurred2013-12-31$17,901
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$651,216
Participant contributions at end of year2013-12-31$25,116
Participant contributions at beginning of year2013-12-31$24,771
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$235,922
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$249,082
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$91,524
Liabilities. Value of operating payables at end of year2013-12-31$10,997
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$6,030,046
Value of net assets at end of year (total assets less liabilities)2013-12-31$40,094,650
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$34,064,604
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$19,460
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$25,111,622
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$20,326,080
Income. Interest from US Government securities2013-12-31$166,280
Income. Interest from corporate debt instruments2013-12-31$174,048
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,442,078
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$1,416,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$1,416,800
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$241
Asset value of US Government securities at end of year2013-12-31$7,798,610
Asset value of US Government securities at beginning of year2013-12-31$9,987,163
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$4,831,295
Assets. Invements in employer securities at beginning of year2013-12-31$5,272,290
Contributions received in cash from employer2013-12-31$1,560,349
Employer contributions (assets) at end of year2013-12-31$1,131,967
Employer contributions (assets) at beginning of year2013-12-31$1,036,820
Income. Dividends from common stock2013-12-31$272,965
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$3,245,773
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$6,946,102
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$4,206,890
Liabilities. Value of benefit claims payable at end of year2013-12-31$7,430,225
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$8,297,734
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$13,453,945
Aggregate carrying amount (costs) on sale of assets2013-12-31$12,954,203
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2013-12-31710534074
2012 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,835,723
Total unrealized appreciation/depreciation of assets2012-12-31$1,835,723
Total transfer of assets to this plan2012-12-31$11,716
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$8,297,734
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$8,984,070
Total income from all sources (including contributions)2012-12-31$5,557,783
Total loss/gain on sale of assets2012-12-31$326,979
Total of all expenses incurred2012-12-31$3,573,194
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$3,543,037
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,213,915
Value of total assets at end of year2012-12-31$42,362,338
Value of total assets at beginning of year2012-12-31$41,064,085
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$30,157
Total interest from all sources2012-12-31$335,930
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$436,544
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$22,584
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$681,096
Participant contributions at end of year2012-12-31$24,771
Participant contributions at beginning of year2012-12-31$3,239
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$11,716
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$91,524
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$298,965
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$1,984,589
Value of net assets at end of year (total assets less liabilities)2012-12-31$34,064,604
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$32,080,015
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
Investment advisory and management fees2012-12-31$7,573
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$20,326,080
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$17,564,119
Income. Interest from US Government securities2012-12-31$190,656
Income. Interest from corporate debt instruments2012-12-31$145,059
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,416,800
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,039,777
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,039,777
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$215
Asset value of US Government securities at end of year2012-12-31$9,987,163
Asset value of US Government securities at beginning of year2012-12-31$11,926,416
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$408,692
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
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$5,272,290
Assets. Invements in employer securities at beginning of year2012-12-31$6,966,960
Contributions received in cash from employer2012-12-31$1,521,103
Employer contributions (assets) at end of year2012-12-31$1,036,820
Employer contributions (assets) at beginning of year2012-12-31$1,082,756
Income. Dividends from common stock2012-12-31$436,544
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$3,543,037
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$4,206,890
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$2,181,853
Liabilities. Value of benefit claims payable at end of year2012-12-31$8,297,734
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$8,984,070
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$13,076,101
Aggregate carrying amount (costs) on sale of assets2012-12-31$12,749,122
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31NORRIS TAYLOR & CO
Accountancy firm EIN2012-12-31710534074
2011 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-1,319,266
Total unrealized appreciation/depreciation of assets2011-12-31$-1,319,266
Total transfer of assets to this plan2011-12-31$173,934
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$8,984,070
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$2,289,313
Total income from all sources (including contributions)2011-12-31$2,173,755
Total loss/gain on sale of assets2011-12-31$-278,658
Total of all expenses incurred2011-12-31$8,464,810
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$8,446,101
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,497,151
Value of total assets at end of year2011-12-31$41,064,085
Value of total assets at beginning of year2011-12-31$40,660,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$18,709
Total interest from all sources2011-12-31$361,087
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$913,441
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$499,321
Administrative expenses professional fees incurred2011-12-31$11,191
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
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$727,435
Participant contributions at end of year2011-12-31$3,239
Participant contributions at beginning of year2011-12-31$843
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$173,934
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$298,965
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$342,260
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-6,291,055
Value of net assets at end of year (total assets less liabilities)2011-12-31$32,080,015
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$38,371,070
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
Investment advisory and management fees2011-12-31$7,518
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$17,564,119
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$16,394,552
Income. Interest from US Government securities2011-12-31$303,909
Income. Interest from corporate debt instruments2011-12-31$56,962
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,039,777
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$997,875
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$997,875
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$216
Asset value of US Government securities at end of year2011-12-31$11,926,416
Asset value of US Government securities at beginning of year2011-12-31$12,551,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$6,966,960
Assets. Invements in employer securities at beginning of year2011-12-31$8,367,840
Contributions received in cash from employer2011-12-31$1,595,782
Employer contributions (assets) at end of year2011-12-31$1,082,756
Employer contributions (assets) at beginning of year2011-12-31$1,055,328
Income. Dividends from common stock2011-12-31$414,120
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$8,446,101
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$2,181,853
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$950,260
Liabilities. Value of benefit claims payable at end of year2011-12-31$8,984,070
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$2,289,313
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$9,398,925
Aggregate carrying amount (costs) on sale of assets2011-12-31$9,677,583
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31NORRIS TAYLOR & CO.
Accountancy firm EIN2011-12-31710534074
2010 : FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$3,047,453
Total unrealized appreciation/depreciation of assets2010-12-31$3,047,453
Total transfer of assets to this plan2010-12-31$32,811
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$2,289,313
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,991,313
Total income from all sources (including contributions)2010-12-31$6,553,169
Total loss/gain on sale of assets2010-12-31$11,534
Total of all expenses incurred2010-12-31$1,856,809
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,837,928
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,368,625
Value of total assets at end of year2010-12-31$40,660,383
Value of total assets at beginning of year2010-12-31$35,666,023
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$18,881
Total interest from all sources2010-12-31$415,020
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$710,537
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$254,255
Administrative expenses professional fees incurred2010-12-31$12,428
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$726,561
Participant contributions at end of year2010-12-31$843
Participant contributions at beginning of year2010-12-31$1,402
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$32,811
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$116,972
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$119,577
Total non interest bearing cash at end of year2010-12-31$225,288
Total non interest bearing cash at beginning of year2010-12-31$314,128
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$4,696,360
Value of net assets at end of year (total assets less liabilities)2010-12-31$38,371,070
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$33,674,710
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$6,453
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$16,394,552
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$14,087,415
Income. Interest from US Government securities2010-12-31$385,708
Income. Interest from corporate debt instruments2010-12-31$28,663
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$997,875
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$49,017
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$49,017
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$649
Asset value of US Government securities at end of year2010-12-31$12,551,425
Asset value of US Government securities at beginning of year2010-12-31$11,812,288
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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$8,367,840
Assets. Invements in employer securities at beginning of year2010-12-31$7,690,410
Contributions received in cash from employer2010-12-31$1,609,253
Employer contributions (assets) at end of year2010-12-31$1,055,328
Employer contributions (assets) at beginning of year2010-12-31$1,079,386
Income. Dividends from common stock2010-12-31$456,282
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,837,928
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$950,260
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$512,400
Liabilities. Value of benefit claims payable at end of year2010-12-31$2,289,313
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$1,991,313
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$4,535,423
Aggregate carrying amount (costs) on sale of assets2010-12-31$4,523,889
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31NORRIS TAYLOR & CO.
Accountancy firm EIN2010-12-31710534074

Form 5500 Responses for FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN

2022: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST BANK CORP EMPLOYEES PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST BANK CORP EMPLOYEES PROFIT SHARING 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: FIRST BANK CORP EMPLOYEES PROFIT SHARING 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: FIRST BANK CORP EMPLOYEES PROFIT SHARING 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: FIRST BANK CORP EMPLOYEES PROFIT SHARING 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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