401k Plan data: COMMUNITY FIRST TRUST COMPANY 401 K PLAN plan

COMMUNITY FIRST TRUST COMPANY 401 K PLAN 401k Plan overview

Plan Name	COMMUNITY FIRST TRUST COMPANY 401 K PLAN
Plan identification number	001

COMMUNITY FIRST TRUST COMPANY 401 K PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

401k Sponsoring company profile

COMMUNITY FIRST TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name: COMMUNITY FIRST TRUST COMPANY

Employer identification number (EIN): 710807234

NAIC Classification: 525920
NAIC Description: Trusts, Estates, and Agency Accounts

Additional information about COMMUNITY FIRST TRUST COMPANY

Jurisdiction of Incorporation: Arkansas Secretary of State

Incorporation Date:

Company Identification Number: 100161774

More information about COMMUNITY FIRST TRUST COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY FIRST TRUST COMPANY 401 K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 LESLIE BALLENTINE 2022-07-14
001 2020-01-01 LESLIE BALLENTINE 2021-07-29
001 2019-01-01 LESLIE BALLENTINE 2020-07-06
001 2018-01-01 LESLIE BALLENTINE 2019-07-25
001 2017-01-01 LESLIE BALLENTINE 2018-07-26
001 2016-01-01 LESLIE BALLENTINE 2017-07-31
001 2015-01-01 LESLIE BALLENTINE 2016-07-21
001 2014-01-01 LESLIE BALLENTINE 2015-07-08
001 2013-01-01 LESLIE BALLENTINE 2014-07-10
001 2012-01-01 COMMUNITY FIRST TRUST COMPANY
001 2011-01-01 LESLIE BALLENTINE LESLIE BALLENTINE 2012-06-18
001 2009-01-01 LESLIE BALLENTINE LESLIE BALLENTINE 2010-07-28

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	LESLIE BALLENTINE	2022-07-14
001	2020-01-01	LESLIE BALLENTINE	2021-07-29
001	2019-01-01	LESLIE BALLENTINE	2020-07-06
001	2018-01-01	LESLIE BALLENTINE	2019-07-25
001	2017-01-01	LESLIE BALLENTINE	2018-07-26
001	2016-01-01	LESLIE BALLENTINE	2017-07-31
001	2015-01-01	LESLIE BALLENTINE	2016-07-21
001	2014-01-01	LESLIE BALLENTINE	2015-07-08
001	2013-01-01	LESLIE BALLENTINE	2014-07-10
001	2012-01-01	COMMUNITY FIRST TRUST COMPANY
001	2011-01-01	LESLIE BALLENTINE		LESLIE BALLENTINE	2012-06-18
001	2009-01-01	LESLIE BALLENTINE		LESLIE BALLENTINE	2010-07-28

Plan Statistics for COMMUNITY FIRST TRUST COMPANY 401 K PLAN

401k plan membership statisitcs for COMMUNITY FIRST TRUST COMPANY 401 K PLAN

Measure Date Value
2012: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 20
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1
Total of all active and inactive participants 2012-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 21
Number of participants with account balances 2012-01-01 18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 16
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 16
Number of participants with account balances 2011-01-01 14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 15
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 18
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 18
Number of participants with account balances 2009-01-01 14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2012: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	20
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1
Total of all active and inactive participants	2012-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	21
Number of participants with account balances	2012-01-01	18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	16
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	16
Number of participants with account balances	2011-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	15
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	18
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	18
Number of participants with account balances	2009-01-01	14
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on COMMUNITY FIRST TRUST COMPANY 401 K PLAN

Measure	Date	Value
2012 : COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2012 401k financial data
Transfers to/from the plan	2012-12-31	$0
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$124,360
Expenses. Total of all expenses incurred	2012-12-31	$390
Benefits paid (including direct rollovers)	2012-12-31	$0
Total plan assets at end of year	2012-12-31	$458,060
Total plan assets at beginning of year	2012-12-31	$334,090
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$71,659
Expenses. Other expenses not covered elsewhere	2012-12-31	$0
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$34,285
Net income (gross income less expenses)	2012-12-31	$123,970
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$458,060
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$334,090
Assets. Value of employer securities	2012-12-31	$92,471
Total contributions received or receivable from employer(s)	2012-12-31	$18,416
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$390
2011 : COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$-53,288
Expenses. Total of all expenses incurred	2011-12-31	$6
Benefits paid (including direct rollovers)	2011-12-31	$6
Total plan assets at end of year	2011-12-31	$334,090
Total plan assets at beginning of year	2011-12-31	$387,384
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$51,798
Expenses. Other expenses not covered elsewhere	2011-12-31	$0
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$-119,833
Noncash contributions received	2011-12-31	$0
Net income (gross income less expenses)	2011-12-31	$-53,294
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$334,090
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$387,384
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2011-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2011-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2011-12-31	$5,023
Assets. Value of employer securities	2011-12-31	$90,737
Total contributions received or receivable from employer(s)	2011-12-31	$14,747
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$90,641
Expenses. Total of all expenses incurred	2010-12-31	$10,916
Benefits paid (including direct rollovers)	2010-12-31	$10,916
Total plan assets at end of year	2010-12-31	$387,384
Total plan assets at beginning of year	2010-12-31	$307,659
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$44,933
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$31,927
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$79,725
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$387,384
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$307,659
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2010-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2010-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2010-12-31	$5,023
Assets. Value of employer securities	2010-12-31	$206,220
Total contributions received or receivable from employer(s)	2010-12-31	$13,781
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0

Form 5500 Responses for COMMUNITY FIRST TRUST COMPANY 401 K PLAN

2012: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: COMMUNITY FIRST TRUST COMPANY 401 K PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

802483

Policy instance

Insurance contract or identification number	802483
Number of Individuals Covered	0
Insurance policy start date	2012-01-01
Insurance policy end date	2012-06-30
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Insurance broker name

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

802483

Policy instance

Insurance contract or identification number	802483
Number of Individuals Covered	16
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $544
Total amount of fees paid to insurance company	USD $308
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

802483

Policy instance

Insurance contract or identification number	802483
Number of Individuals Covered	17
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $456
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $456
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	SBS INSURANCE BROKERAGE AGENCY OF A

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Company Name:	COMMUNITY FIRST TRUST COMPANY
Employer identification number (EIN):	710807234
NAIC Classification:	525920
NAIC Description:	Trusts, Estates, and Agency Accounts

Jurisdiction of Incorporation:	Arkansas Secretary of State
Incorporation Date:
Company Identification Number:	100161774