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RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

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

Company Name:HERRING BANK
Employer identification number (EIN):750330569
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01CARSON BURGESS2023-10-13 CARSON BURGESS2023-10-13
0012021-01-01BILL TITCOMB2022-10-05 BILL TITCOMB2022-10-05
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01STEPHEN BROWNING STEPHEN BROWNING2018-07-27
0012016-01-01STEPHEN BROWNING STEPHEN BROWNING2017-10-13
0012015-01-01RANDY HAHN RANDY HAHN2016-10-14
0012014-01-01JACK HALL JACK HALL2015-10-14
0012013-01-01JACK HALL JACK HALL2014-07-30
0012012-01-01JACK HALL JACK HALL2013-10-11
0012011-01-01JACK HALL JACK HALL2012-10-15
0012009-01-01JACK HALL JACK HALL2010-10-15
0012009-01-01JACK HALL JACK HALL2010-10-15

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2022 401k membership
Market value of plan assets2022-12-3114,420,219
Acturial value of plan assets2022-12-3114,420,219
Funding target for retired participants and beneficiaries receiving payment2022-12-316,219,175
Number of terminated vested participants2022-12-3134
Fundng target for terminated vested participants2022-12-311,936,651
Active participant vested funding target2022-12-312,608,310
Number of active participants2022-12-3125
Total funding liabilities for active participants2022-12-312,608,310
Total participant count2022-12-31115
Total funding target for all participants2022-12-3110,764,136
Balance at beginning of prior year after applicable adjustments2022-12-31138,789
Prefunding balance at beginning of prior year after applicable adjustments2022-12-314,087,884
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-31138,789
Prefunding balanced used to offset prior years funding requirement2022-12-31200,239
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-313,887,645
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-314,283,796
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31331,708
Net shortfall amortization installment of oustanding balance2022-12-31627,713
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31389,716
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-31389,716
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01115
Total number of active participants reported on line 7a of the Form 55002022-01-0125
Number of retired or separated participants receiving benefits2022-01-0156
Number of other retired or separated participants entitled to future benefits2022-01-0134
Total of all active and inactive participants2022-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2021 401k membership
Market value of plan assets2021-12-3113,653,560
Acturial value of plan assets2021-12-3113,653,560
Funding target for retired participants and beneficiaries receiving payment2021-12-315,986,255
Number of terminated vested participants2021-12-3137
Fundng target for terminated vested participants2021-12-311,988,676
Active participant vested funding target2021-12-312,362,947
Number of active participants2021-12-3127
Total funding liabilities for active participants2021-12-312,362,947
Total participant count2021-12-31117
Total funding target for all participants2021-12-3110,337,878
Balance at beginning of prior year after applicable adjustments2021-12-31346,054
Prefunding balance at beginning of prior year after applicable adjustments2021-12-313,691,758
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-31220,714
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-31125,340
Amount remaining of prefunding balance2021-12-313,691,758
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-31138,789
Balance of prefunding at beginning of current year2021-12-314,087,884
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31188,896
Net shortfall amortization installment of oustanding balance2021-12-31910,991
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31339,028
Carryover balance elected to use to offset funding requirement2021-12-31138,789
Prefunding balance elected to use to offset funding requirement2021-12-31200,239
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01118
Total number of active participants reported on line 7a of the Form 55002021-01-0127
Number of retired or separated participants receiving benefits2021-01-0153
Number of other retired or separated participants entitled to future benefits2021-01-0138
Total of all active and inactive participants2021-01-01118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2020 401k membership
Market value of plan assets2020-12-3112,866,452
Acturial value of plan assets2020-12-3112,866,452
Funding target for retired participants and beneficiaries receiving payment2020-12-314,924,168
Number of terminated vested participants2020-12-3136
Fundng target for terminated vested participants2020-12-311,793,793
Active participant vested funding target2020-12-313,297,287
Number of active participants2020-12-3135
Total funding liabilities for active participants2020-12-313,297,287
Total participant count2020-12-31123
Total funding target for all participants2020-12-3110,015,248
Balance at beginning of prior year after applicable adjustments2020-12-31292,152
Prefunding balance at beginning of prior year after applicable adjustments2020-12-312,993,114
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31292,152
Amount remaining of prefunding balance2020-12-312,993,114
Present value of excess contributions2020-12-31138,860
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31146,414
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31146,414
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-31346,054
Balance of prefunding at beginning of current year2020-12-313,691,758
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31216,640
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31216,640
Carryover balance elected to use to offset funding requirement2020-12-31216,640
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01123
Total number of active participants reported on line 7a of the Form 55002020-01-0135
Number of retired or separated participants receiving benefits2020-01-0152
Number of other retired or separated participants entitled to future benefits2020-01-0136
Total of all active and inactive participants2020-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2019 401k membership
Market value of plan assets2019-12-3110,909,160
Acturial value of plan assets2019-12-3110,909,160
Funding target for retired participants and beneficiaries receiving payment2019-12-315,072,018
Number of terminated vested participants2019-12-3136
Fundng target for terminated vested participants2019-12-311,738,480
Active participant vested funding target2019-12-312,932,602
Number of active participants2019-12-3139
Total funding liabilities for active participants2019-12-312,932,602
Total participant count2019-12-31126
Total funding target for all participants2019-12-319,743,100
Balance at beginning of prior year after applicable adjustments2019-12-31303,661
Prefunding balance at beginning of prior year after applicable adjustments2019-12-312,979,275
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31303,661
Amount remaining of prefunding balance2019-12-312,979,275
Present value of excess contributions2019-12-31120,009
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31126,754
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31126,754
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31292,152
Balance of prefunding at beginning of current year2019-12-312,993,114
Total employer contributions2019-12-31470,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31442,050
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31303,303
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31303,303
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31303,303
Contributions allocatedtoward minimum required contributions for current year2019-12-31442,050
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01126
Total number of active participants reported on line 7a of the Form 55002019-01-0139
Number of retired or separated participants receiving benefits2019-01-0151
Number of other retired or separated participants entitled to future benefits2019-01-0136
Total of all active and inactive participants2019-01-01126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2018 401k membership
Market value of plan assets2018-12-3111,380,791
Acturial value of plan assets2018-12-3111,380,791
Funding target for retired participants and beneficiaries receiving payment2018-12-315,213,059
Number of terminated vested participants2018-12-3134
Fundng target for terminated vested participants2018-12-311,505,381
Active participant vested funding target2018-12-312,656,311
Number of active participants2018-12-3129
Total funding liabilities for active participants2018-12-312,656,311
Total participant count2018-12-31113
Total funding target for all participants2018-12-319,374,751
Balance at beginning of prior year after applicable adjustments2018-12-31264,053
Prefunding balance at beginning of prior year after applicable adjustments2018-12-312,345,877
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-31264,053
Amount remaining of prefunding balance2018-12-312,345,877
Present value of excess contributions2018-12-31266,234
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31281,516
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31281,516
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-31303,661
Balance of prefunding at beginning of current year2018-12-312,979,275
Total employer contributions2018-12-31400,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31376,202
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31256,193
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31256,193
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31256,193
Contributions allocatedtoward minimum required contributions for current year2018-12-31376,202
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-01128
Total number of active participants reported on line 7a of the Form 55002018-01-0144
Number of retired or separated participants receiving benefits2018-01-0150
Number of other retired or separated participants entitled to future benefits2018-01-0134
Total of all active and inactive participants2018-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2017 401k membership
Market value of plan assets2017-12-319,993,889
Acturial value of plan assets2017-12-319,993,889
Funding target for retired participants and beneficiaries receiving payment2017-12-315,262,829
Number of terminated vested participants2017-12-3133
Fundng target for terminated vested participants2017-12-311,240,201
Active participant vested funding target2017-12-312,363,354
Number of active participants2017-12-3131
Total funding liabilities for active participants2017-12-312,363,354
Total participant count2017-12-31116
Total funding target for all participants2017-12-318,866,384
Balance at beginning of prior year after applicable adjustments2017-12-31250,715
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,846,992
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31250,715
Amount remaining of prefunding balance2017-12-311,846,992
Present value of excess contributions2017-12-31379,093
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31400,625
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31400,625
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-31264,053
Balance of prefunding at beginning of current year2017-12-312,345,877
Total employer contributions2017-12-31451,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31426,758
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31160,524
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31160,524
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31160,524
Contributions allocatedtoward minimum required contributions for current year2017-12-31426,758
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01118
Total number of active participants reported on line 7a of the Form 55002017-01-0134
Number of retired or separated participants receiving benefits2017-01-0150
Number of other retired or separated participants entitled to future benefits2017-01-0133
Total of all active and inactive participants2017-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-014
Total participants2017-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2016 401k membership
Market value of plan assets2016-12-319,365,337
Acturial value of plan assets2016-12-319,365,337
Funding target for retired participants and beneficiaries receiving payment2016-12-314,278,153
Number of terminated vested participants2016-12-3135
Fundng target for terminated vested participants2016-12-311,191,270
Active participant vested funding target2016-12-313,007,773
Number of active participants2016-12-3138
Total funding liabilities for active participants2016-12-313,007,773
Total participant count2016-12-31118
Total funding target for all participants2016-12-318,477,196
Balance at beginning of prior year after applicable adjustments2016-12-31259,432
Prefunding balance at beginning of prior year after applicable adjustments2016-12-311,590,554
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-31259,432
Amount remaining of prefunding balance2016-12-311,590,554
Present value of excess contributions2016-12-31293,115
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31309,881
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31309,881
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-31250,715
Balance of prefunding at beginning of current year2016-12-311,846,992
Total employer contributions2016-12-31590,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31558,227
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31179,134
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31179,134
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31179,134
Contributions allocatedtoward minimum required contributions for current year2016-12-31558,227
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01117
Total number of active participants reported on line 7a of the Form 55002016-01-0137
Number of retired or separated participants receiving benefits2016-01-0141
Number of other retired or separated participants entitled to future benefits2016-01-0139
Total of all active and inactive participants2016-01-01117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2015 401k membership
Total participants, beginning-of-year2015-01-01124
Total number of active participants reported on line 7a of the Form 55002015-01-0142
Number of retired or separated participants receiving benefits2015-01-0143
Number of other retired or separated participants entitled to future benefits2015-01-0138
Total of all active and inactive participants2015-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2014 401k membership
Total participants, beginning-of-year2014-01-01129
Total number of active participants reported on line 7a of the Form 55002014-01-0151
Number of retired or separated participants receiving benefits2014-01-0137
Number of other retired or separated participants entitled to future benefits2014-01-0139
Total of all active and inactive participants2014-01-01127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2013 401k membership
Total participants, beginning-of-year2013-01-01130
Total number of active participants reported on line 7a of the Form 55002013-01-0152
Number of retired or separated participants receiving benefits2013-01-0138
Number of other retired or separated participants entitled to future benefits2013-01-0138
Total of all active and inactive participants2013-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2012 401k membership
Total participants, beginning-of-year2012-01-01132
Total number of active participants reported on line 7a of the Form 55002012-01-0152
Number of retired or separated participants receiving benefits2012-01-0138
Number of other retired or separated participants entitled to future benefits2012-01-0142
Total of all active and inactive participants2012-01-01132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2011 401k membership
Total participants, beginning-of-year2011-01-01130
Total number of active participants reported on line 7a of the Form 55002011-01-0158
Number of retired or separated participants receiving benefits2011-01-0139
Number of other retired or separated participants entitled to future benefits2011-01-0133
Total of all active and inactive participants2011-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2009 401k membership
Total participants, beginning-of-year2009-01-01160
Total number of active participants reported on line 7a of the Form 55002009-01-01159
Number of retired or separated participants receiving benefits2009-01-0125
Number of other retired or separated participants entitled to future benefits2009-01-0124
Total of all active and inactive participants2009-01-01208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-016
Total participants2009-01-01214
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0111

Financial Data on RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK

Measure Date Value
2022 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,480,298
Total loss/gain on sale of assets2022-12-31$53,623
Total of all expenses incurred2022-12-31$688,515
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$604,284
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$11,251,405
Value of total assets at beginning of year2022-12-31$14,420,218
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$84,231
Total interest from all sources2022-12-31$26,377
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$128,041
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$141,109
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$0
Other income not declared elsewhere2022-12-31$161,186
Administrative expenses (other) incurred2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-3,168,813
Value of net assets at end of year (total assets less liabilities)2022-12-31$11,251,405
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$14,420,218
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$84,231
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$6,250,620
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,460,618
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$453,414
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$743,134
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$743,134
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$26,377
Asset value of US Government securities at end of year2022-12-31$1,395,697
Asset value of US Government securities at beginning of year2022-12-31$1,112,492
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,849,525
Net investment gain or loss from common/collective trusts2022-12-31$0
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$0
Income. Dividends from common stock2022-12-31$128,041
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$604,284
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$3,151,674
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$4,962,865
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$53,623
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2022-12-31463602660
2021 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,554,365
Total loss/gain on sale of assets2021-12-31$864,345
Total of all expenses incurred2021-12-31$787,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$595,285
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$14,420,218
Value of total assets at beginning of year2021-12-31$13,653,560
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$192,422
Total interest from all sources2021-12-31$13,883
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$130,535
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$141,109
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$155,692
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Other income not declared elsewhere2021-12-31$311,380
Administrative expenses (other) incurred2021-12-31$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$766,658
Value of net assets at end of year (total assets less liabilities)2021-12-31$14,420,218
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$13,653,560
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$192,422
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,460,618
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$7,150,543
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$743,134
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$551,697
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$551,697
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$13,883
Asset value of US Government securities at end of year2021-12-31$1,112,492
Asset value of US Government securities at beginning of year2021-12-31$957,075
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$234,222
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$0
Income. Dividends from common stock2021-12-31$130,535
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$595,285
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$4,962,865
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$4,838,553
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$864,345
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2021-12-31463602660
2020 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,509,176
Total loss/gain on sale of assets2020-12-31$208,512
Total of all expenses incurred2020-12-31$722,069
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$564,208
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$13,653,560
Value of total assets at beginning of year2020-12-31$12,866,453
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$157,861
Total interest from all sources2020-12-31$27,510
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$174,623
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$0
Assets. Other investments not covered elsewhere at end of year2020-12-31$155,692
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$0
Administrative expenses (other) incurred2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$787,107
Value of net assets at end of year (total assets less liabilities)2020-12-31$13,653,560
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$12,866,453
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
Assets. partnership/joint venture interests at beginning of year2020-12-31$0
Investment advisory and management fees2020-12-31$157,861
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$7,150,543
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$2,498,676
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$551,697
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,051,936
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,051,936
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$27,510
Asset value of US Government securities at end of year2020-12-31$957,075
Asset value of US Government securities at beginning of year2020-12-31$1,625,194
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,098,531
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$0
Income. Dividends from common stock2020-12-31$174,623
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$564,208
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$30,585
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$4,838,553
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$7,660,062
Assets. Value of buildings and other operty used in plan operation at beginning of year2020-12-31$0
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$20,450,059
Aggregate carrying amount (costs) on sale of assets2020-12-31$20,241,547
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2020-12-31463602660
2019 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,573,467
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,573,467
Total unrealized appreciation/depreciation of assets2019-12-31$1,573,467
Total unrealized appreciation/depreciation of assets2019-12-31$1,573,467
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,554,896
Total income from all sources (including contributions)2019-12-31$2,554,896
Total loss/gain on sale of assets2019-12-31$296,747
Total loss/gain on sale of assets2019-12-31$296,747
Total of all expenses incurred2019-12-31$597,603
Total of all expenses incurred2019-12-31$597,603
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$482,483
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$482,483
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$470,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$470,000
Value of total assets at end of year2019-12-31$12,866,453
Value of total assets at end of year2019-12-31$12,866,453
Value of total assets at beginning of year2019-12-31$10,909,160
Value of total assets at beginning of year2019-12-31$10,909,160
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$115,120
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$115,120
Total interest from all sources2019-12-31$60,475
Total interest from all sources2019-12-31$60,475
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$154,021
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$154,021
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
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
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$0
Contributions received from participants2019-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$104,241
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$104,241
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Other income not declared elsewhere2019-12-31$186
Other income not declared elsewhere2019-12-31$186
Administrative expenses (other) incurred2019-12-31$0
Administrative expenses (other) incurred2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party 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$1,957,293
Value of net income/loss2019-12-31$1,957,293
Value of net assets at end of year (total assets less liabilities)2019-12-31$12,866,453
Value of net assets at end of year (total assets less liabilities)2019-12-31$12,866,453
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,909,160
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,909,160
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 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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$0
Assets. partnership/joint venture interests at end of year2019-12-31$0
Assets. partnership/joint venture interests at beginning of year2019-12-31$58,949
Assets. partnership/joint venture interests at beginning of year2019-12-31$58,949
Investment advisory and management fees2019-12-31$115,120
Investment advisory and management fees2019-12-31$115,120
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,498,676
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,498,676
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,189,711
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,189,711
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,051,936
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,051,936
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$584,139
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$584,139
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$584,139
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$584,139
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$60,475
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$60,475
Asset value of US Government securities at end of year2019-12-31$1,625,194
Asset value of US Government securities at end of year2019-12-31$1,625,194
Asset value of US Government securities at beginning of year2019-12-31$2,067,352
Asset value of US Government securities at beginning of year2019-12-31$2,067,352
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
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$470,000
Contributions received in cash from employer2019-12-31$470,000
Employer contributions (assets) at beginning of year2019-12-31$400,000
Employer contributions (assets) at beginning of year2019-12-31$400,000
Income. Dividends from common stock2019-12-31$154,021
Income. Dividends from common stock2019-12-31$154,021
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$482,483
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$482,483
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$30,585
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$30,585
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$60,149
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$60,149
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$7,660,062
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$7,660,062
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$5,444,619
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$5,444,619
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$296,747
Aggregate proceeds on sale of assets2019-12-31$296,747
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31JOHNSON & SHELDON, PLLC
Accountancy firm name2019-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2019-12-31463602660
Accountancy firm EIN2019-12-31463602660
2018 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-370,243
Total unrealized appreciation/depreciation of assets2018-12-31$-370,243
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$78,372
Total loss/gain on sale of assets2018-12-31$-29,991
Total of all expenses incurred2018-12-31$550,003
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$450,076
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$400,000
Value of total assets at end of year2018-12-31$10,909,160
Value of total assets at beginning of year2018-12-31$11,380,791
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$99,927
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$37,750
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$215,743
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$83,963
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$0
Assets. Other investments not covered elsewhere at end of year2018-12-31$104,241
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Other income not declared elsewhere2018-12-31$401
Administrative expenses (other) incurred2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-471,631
Value of net assets at end of year (total assets less liabilities)2018-12-31$10,909,160
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$11,380,791
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
Assets. partnership/joint venture interests at end of year2018-12-31$58,949
Investment advisory and management fees2018-12-31$99,927
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$2,189,711
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$2,355,826
Income. Interest from US Government securities2018-12-31$28,301
Income. Interest from corporate debt instruments2018-12-31$1,281
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$584,139
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$1,200,339
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$1,200,339
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$8,168
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Asset value of US Government securities at end of year2018-12-31$2,067,352
Asset value of US Government securities at beginning of year2018-12-31$2,175,644
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-175,288
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
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$400,000
Employer contributions (assets) at end of year2018-12-31$400,000
Income. Dividends from common stock2018-12-31$131,780
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$450,076
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$60,149
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$60,914
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$5,444,619
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$5,588,068
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$3,464,053
Aggregate carrying amount (costs) on sale of assets2018-12-31$3,494,044
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 name2018-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2018-12-31463602660
2017 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$913,185
Total unrealized appreciation/depreciation of assets2017-12-31$913,185
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$2,009,355
Total loss/gain on sale of assets2017-12-31$303,719
Total of all expenses incurred2017-12-31$622,453
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$526,795
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$451,000
Value of total assets at end of year2017-12-31$11,380,791
Value of total assets at beginning of year2017-12-31$9,993,889
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$95,658
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$47,390
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$163,543
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$57,799
Administrative expenses professional fees incurred2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$0
Other income not declared elsewhere2017-12-31$5,389
Administrative expenses (other) incurred2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$1,386,902
Value of net assets at end of year (total assets less liabilities)2017-12-31$11,380,791
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,993,889
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$95,658
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$2,355,826
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,493,845
Income. Interest from US Government securities2017-12-31$37,736
Income. Interest from corporate debt instruments2017-12-31$3,491
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$1,200,339
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$757,959
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$757,959
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$6,163
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Asset value of US Government securities at end of year2017-12-31$2,175,644
Asset value of US Government securities at beginning of year2017-12-31$1,245,712
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$125,129
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$451,000
Income. Dividends from common stock2017-12-31$105,744
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$526,795
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$60,914
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$121,484
Contract administrator fees2017-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$5,588,068
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$5,374,889
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$3,269,970
Aggregate carrying amount (costs) on sale of assets2017-12-31$2,966,251
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 name2017-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2017-12-31463602660
2016 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$340,385
Total unrealized appreciation/depreciation of assets2016-12-31$340,385
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$1,166,509
Total loss/gain on sale of assets2016-12-31$3,692
Total of all expenses incurred2016-12-31$537,957
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$449,205
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$590,000
Value of total assets at end of year2016-12-31$9,993,889
Value of total assets at beginning of year2016-12-31$9,365,337
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$88,752
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$31,314
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$147,692
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$50,065
Administrative expenses professional fees incurred2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Other income not declared elsewhere2016-12-31$915
Administrative expenses (other) incurred2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$628,552
Value of net assets at end of year (total assets less liabilities)2016-12-31$9,993,889
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$9,365,337
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$88,752
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,493,845
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,723,880
Interest on participant loans2016-12-31$0
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$0
Income. Interest from US Government securities2016-12-31$20,044
Income. Interest from corporate debt instruments2016-12-31$11,166
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$757,959
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$270,871
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$270,871
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$104
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Asset value of US Government securities at end of year2016-12-31$1,245,712
Asset value of US Government securities at beginning of year2016-12-31$1,343,131
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$52,511
Net investment gain/loss from pooled separate accounts2016-12-31$0
Net investment gain or loss from common/collective trusts2016-12-31$0
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
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
Contributions received in cash from employer2016-12-31$590,000
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$97,627
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$449,205
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$121,484
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$499,016
Contract administrator fees2016-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$5,374,889
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$4,528,439
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$2,906,531
Aggregate carrying amount (costs) on sale of assets2016-12-31$2,902,839
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2016-12-31463602660
2015 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-186,747
Total unrealized appreciation/depreciation of assets2015-12-31$-186,747
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$278,708
Total loss/gain on sale of assets2015-12-31$-59,134
Total of all expenses incurred2015-12-31$546,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$450,884
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$500,000
Value of total assets at end of year2015-12-31$9,365,337
Value of total assets at beginning of year2015-12-31$9,633,260
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$95,747
Total interest from all sources2015-12-31$38,725
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$183,903
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$101,736
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$22,118
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Other income not declared elsewhere2015-12-31$640
Administrative expenses (other) incurred2015-12-31$2,050
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
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$-267,923
Value of net assets at end of year (total assets less liabilities)2015-12-31$9,365,337
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$9,633,260
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$93,697
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$2,723,880
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,703,804
Income. Interest from US Government securities2015-12-31$21,443
Income. Interest from corporate debt instruments2015-12-31$17,282
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$270,871
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$723,325
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$723,325
Asset value of US Government securities at end of year2015-12-31$1,343,131
Asset value of US Government securities at beginning of year2015-12-31$856,920
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-198,679
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
Contributions received in cash from employer2015-12-31$500,000
Income. Dividends from common stock2015-12-31$82,167
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$450,884
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$499,016
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$570,349
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$4,528,439
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$4,756,744
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$3,757,278
Aggregate carrying amount (costs) on sale of assets2015-12-31$3,816,412
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 name2015-12-31JJOHNSON & SHELDON, PLLC
Accountancy firm EIN2015-12-31463602660
2014 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$76,818
Total unrealized appreciation/depreciation of assets2014-12-31$76,818
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$960,826
Total loss/gain on sale of assets2014-12-31$311,070
Total of all expenses incurred2014-12-31$440,544
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$347,513
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$380,000
Value of total assets at end of year2014-12-31$9,633,260
Value of total assets at beginning of year2014-12-31$9,112,978
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$93,031
Total interest from all sources2014-12-31$37,644
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$264,002
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$191,547
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$0
Assets. Other investments not covered elsewhere at end of year2014-12-31$22,118
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$55,992
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$0
Other income not declared elsewhere2014-12-31$10
Administrative expenses (other) incurred2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$520,282
Value of net assets at end of year (total assets less liabilities)2014-12-31$9,633,260
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$9,112,978
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$93,031
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,703,804
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,765,845
Income. Interest from US Government securities2014-12-31$17,823
Income. Interest from corporate debt instruments2014-12-31$19,821
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$723,325
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,116,867
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,116,867
Asset value of US Government securities at end of year2014-12-31$856,920
Asset value of US Government securities at beginning of year2014-12-31$493,062
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-108,718
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
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
Contributions received in cash from employer2014-12-31$380,000
Income. Dividends from common stock2014-12-31$72,455
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$347,513
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$570,349
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$676,964
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$4,756,744
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$4,004,248
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$2,936,352
Aggregate carrying amount (costs) on sale of assets2014-12-31$2,625,282
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 name2014-12-31JOHNSON & SHELDON, PLLC
Accountancy firm EIN2014-12-31463602660
2013 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$734,542
Total unrealized appreciation/depreciation of assets2013-12-31$734,542
Total transfer of assets to this plan2013-12-31$0
Total transfer of assets from this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,691,780
Total loss/gain on sale of assets2013-12-31$216,750
Total of all expenses incurred2013-12-31$419,217
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$342,145
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$379,769
Value of total assets at end of year2013-12-31$9,112,978
Value of total assets at beginning of year2013-12-31$7,840,415
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$77,072
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$50,542
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$244,426
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$176,371
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$0
Assets. Other investments not covered elsewhere at end of year2013-12-31$55,992
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$467,313
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$0
Other income not declared elsewhere2013-12-31$34
Administrative expenses (other) incurred2013-12-31$441
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
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$1,272,563
Value of net assets at end of year (total assets less liabilities)2013-12-31$9,112,978
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,840,415
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$76,631
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$2,765,845
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,666,104
Income. Interest from US Government securities2013-12-31$38,212
Income. Interest from corporate debt instruments2013-12-31$12,330
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,116,867
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$606,770
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$606,770
Asset value of US Government securities at end of year2013-12-31$493,062
Asset value of US Government securities at beginning of year2013-12-31$755,721
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$65,717
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
Contributions received in cash from employer2013-12-31$379,769
Income. Dividends from common stock2013-12-31$68,055
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$342,145
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$676,964
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$291,710
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$4,004,248
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$3,052,797
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$4,132,765
Aggregate carrying amount (costs) on sale of assets2013-12-31$3,916,015
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 name2013-12-31JOHNSON & SHELDON, P.C.
Accountancy firm EIN2013-12-31752469269
2012 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$320,153
Total unrealized appreciation/depreciation of assets2012-12-31$320,153
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,402,031
Total loss/gain on sale of assets2012-12-31$176,811
Total of all expenses incurred2012-12-31$435,372
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$368,635
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$450,000
Value of total assets at end of year2012-12-31$7,840,415
Value of total assets at beginning of year2012-12-31$6,873,756
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$66,737
Total interest from all sources2012-12-31$30,774
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$141,509
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$68,619
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$0
Assets. Other investments not covered elsewhere at end of year2012-12-31$467,313
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$462,108
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$0
Other income not declared elsewhere2012-12-31$1,468
Administrative expenses (other) incurred2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$966,659
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,840,415
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,873,756
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$66,737
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,666,104
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,316,169
Income. Interest from US Government securities2012-12-31$25,671
Income. Interest from corporate debt instruments2012-12-31$5,103
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$606,770
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$569,670
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$569,670
Asset value of US Government securities at end of year2012-12-31$755,721
Asset value of US Government securities at beginning of year2012-12-31$595,601
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$281,316
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$450,000
Income. Dividends from common stock2012-12-31$72,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$368,635
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$291,710
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$3,052,797
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$2,930,208
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$2,661,928
Aggregate carrying amount (costs) on sale of assets2012-12-31$2,485,117
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31JOHNSON & SHELDON, P.C.
Accountancy firm EIN2012-12-31752469269
2011 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-39,720
Total unrealized appreciation/depreciation of assets2011-12-31$-39,720
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$491,838
Total loss/gain on sale of assets2011-12-31$23,529
Total of all expenses incurred2011-12-31$422,464
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$360,265
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$455,000
Value of total assets at end of year2011-12-31$6,873,756
Value of total assets at beginning of year2011-12-31$6,804,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$62,199
Total interest from all sources2011-12-31$21,504
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$146,121
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$73,132
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Other investments not covered elsewhere at end of year2011-12-31$462,108
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$363,876
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$69,374
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,873,756
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,804,382
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$62,199
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,316,169
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,252,625
Income. Interest from US Government securities2011-12-31$21,504
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$569,670
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$649,700
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$649,700
Asset value of US Government securities at end of year2011-12-31$595,601
Asset value of US Government securities at beginning of year2011-12-31$725,535
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-114,596
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
Contributions received in cash from employer2011-12-31$455,000
Income. Dividends from common stock2011-12-31$72,989
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$360,265
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$2,930,208
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$2,812,646
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$3,121,416
Aggregate carrying amount (costs) on sale of assets2011-12-31$3,097,887
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 name2011-12-31JOHNSON & SHELDON, P.C.
Accountancy firm EIN2011-12-31752469269
2010 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$277,535
Total unrealized appreciation/depreciation of assets2010-12-31$277,535
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,168,675
Total loss/gain on sale of assets2010-12-31$116,863
Total of all expenses incurred2010-12-31$403,137
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$347,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$425,000
Value of total assets at end of year2010-12-31$6,804,382
Value of total assets at beginning of year2010-12-31$6,038,844
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$55,761
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$30,023
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$128,644
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$66,321
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Other investments not covered elsewhere at end of year2010-12-31$363,876
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$429,419
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$765,538
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,804,382
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,038,844
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$55,761
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,252,625
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,986,657
Income. Interest from US Government securities2010-12-31$30,023
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$649,700
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$235,778
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$235,778
Asset value of US Government securities at end of year2010-12-31$725,535
Asset value of US Government securities at beginning of year2010-12-31$926,439
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$190,610
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
Contributions received in cash from employer2010-12-31$425,000
Income. Dividends from common stock2010-12-31$62,323
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$347,376
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$2,812,646
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$2,460,551
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$2,117,981
Aggregate carrying amount (costs) on sale of assets2010-12-31$2,001,118
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 name2010-12-31JOHNSON & SHELDON, P.C.
Accountancy firm EIN2010-12-31752469269
2009 : RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK

2022: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 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: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: RETIREMENT PLAN FOR EMPLOYEES OF HERRING BANK 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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