401k Plan data: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN plan

SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN
Plan identification number	001

SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOUTH PACIFIC FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: SOUTH PACIFIC FINANCIAL CORPORATION

Employer identification number (EIN): 953821253

NAIC Classification: 522292
NAIC Description: Real Estate Credit

Additional information about SOUTH PACIFIC FINANCIAL CORPORATION

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2006-08-22

Company Identification Number: 0800698474

Legal Registered Office Address: 4900 N SCOTTSDALE RD STE 2000

SCOTTSDALE
United States of America (USA)
85251

More information about SOUTH PACIFIC FINANCIAL CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2019-01-01
001 2018-01-01
001 2017-01-01 ROBERT PICKHAM ROBERT PICKHAM 2018-07-24
001 2016-01-01 ROBERT PICKHAM ROBERT PICKHAM 2017-09-20
001 2015-01-01 ROBERT PICKHAM ROBERT PICKHAM 2016-09-23
001 2014-01-01 BOB PICKHAM BOB PICKHAM 2015-07-14
001 2013-01-01 ROBERT PICKHAM ROBERT PICKHAM 2014-10-08
001 2012-01-01 ROBERT PICKHAM 2013-07-12 ROBERT PICKHAM 2013-07-12
001 2011-01-01 ROBERT PICKHAM 2012-04-05 ROBERT PICKHAM 2012-04-05
001 2010-01-01 ROBERT PICKHAM 2011-07-15 ROBERT PICKHAM 2011-07-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2019-01-01
001	2018-01-01
001	2017-01-01	ROBERT PICKHAM		ROBERT PICKHAM	2018-07-24
001	2016-01-01	ROBERT PICKHAM		ROBERT PICKHAM	2017-09-20
001	2015-01-01	ROBERT PICKHAM		ROBERT PICKHAM	2016-09-23
001	2014-01-01	BOB PICKHAM		BOB PICKHAM	2015-07-14
001	2013-01-01	ROBERT PICKHAM		ROBERT PICKHAM	2014-10-08
001	2012-01-01	ROBERT PICKHAM	2013-07-12	ROBERT PICKHAM	2013-07-12
001	2011-01-01	ROBERT PICKHAM	2012-04-05	ROBERT PICKHAM	2012-04-05
001	2010-01-01	ROBERT PICKHAM	2011-07-15	ROBERT PICKHAM	2011-07-15

Plan Statistics for SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN

401k plan membership statisitcs for SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN

Measure Date Value
2019: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 180
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 0
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 0
Number of participants with account balances 2019-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 192
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 154
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 18
Total of all active and inactive participants 2018-01-01 172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 172
Number of participants with account balances 2018-01-01 154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 214
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 181
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 9
Total of all active and inactive participants 2017-01-01 190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 190
Number of participants with account balances 2017-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 210
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 194
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 7
Total of all active and inactive participants 2016-01-01 201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 201
Number of participants with account balances 2016-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 176
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 180
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 8
Total of all active and inactive participants 2015-01-01 188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 188
Number of participants with account balances 2015-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 197
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 168
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 5
Total of all active and inactive participants 2014-01-01 173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 173
Number of participants with account balances 2014-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2013: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 151
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 178
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 185
Number of participants with account balances 2013-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 32

Measure	Date	Value
2019: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	180
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	0
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	0
Number of participants with account balances	2019-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	192
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	154
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	18
Total of all active and inactive participants	2018-01-01	172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	172
Number of participants with account balances	2018-01-01	154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	214
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	181
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	9
Total of all active and inactive participants	2017-01-01	190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	190
Number of participants with account balances	2017-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	210
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	194
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	7
Total of all active and inactive participants	2016-01-01	201
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	201
Number of participants with account balances	2016-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	176
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	180
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	8
Total of all active and inactive participants	2015-01-01	188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	188
Number of participants with account balances	2015-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	197
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	168
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	5
Total of all active and inactive participants	2014-01-01	173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	173
Number of participants with account balances	2014-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2013: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	151
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	178
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	185
Number of participants with account balances	2013-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	32

Financial Data on SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN

Measure	Date	Value
2019 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets	2019-10-09	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2019-10-09	$0
Total unrealized appreciation/depreciation of assets	2019-10-09	$0
Total transfer of assets to this plan	2019-10-09	$0
Total transfer of assets from this plan	2019-10-09	$4,420,522
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-10-09	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-10-09	$0
Total income from all sources (including contributions)	2019-10-09	$1,000,449
Total loss/gain on sale of assets	2019-10-09	$0
Total of all expenses incurred	2019-10-09	$656,993
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-10-09	$606,888
Expenses. Certain deemed distributions of participant loans	2019-10-09	$0
Value of total corrective distributions	2019-10-09	$18,270
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-10-09	$507,392
Value of total assets at end of year	2019-10-09	$0
Value of total assets at beginning of year	2019-10-09	$4,077,066
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-10-09	$31,835
Total income from rents	2019-10-09	$0
Total interest from all sources	2019-10-09	$7,136
Total dividends received (eg from common stock, registered investment company shares)	2019-10-09	$22,585
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-10-09	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2019-10-09	$0
Total dividends received from registered investment company shares (eg mutual funds)	2019-10-09	$22,585
Administrative expenses professional fees incurred	2019-10-09	$0
Was this plan covered by a fidelity bond	2019-10-09	Yes
Value of fidelity bond cover	2019-10-09	$5,000,000
If this is an individual account plan, was there a blackout period	2019-10-09	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-10-09	$0
Were there any nonexempt tranactions with any party-in-interest	2019-10-09	No
Amount of non-exempt transactions with any party-in-interest	2019-10-09	$0
Contributions received from participants	2019-10-09	$445,388
Participant contributions at end of year	2019-10-09	$0
Participant contributions at beginning of year	2019-10-09	$180,680
Participant contributions at end of year	2019-10-09	$0
Participant contributions at beginning of year	2019-10-09	$23,270
Income. Received or receivable in cash from other sources (including rollovers)	2019-10-09	$62,004
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2019-10-09	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-10-09	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-10-09	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-10-09	$0
Other income not declared elsewhere	2019-10-09	$0
Administrative expenses (other) incurred	2019-10-09	$0
Liabilities. Value of operating payables at beginning of year	2019-10-09	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-10-09	No
Value of net income/loss	2019-10-09	$343,456
Value of net assets at end of year (total assets less liabilities)	2019-10-09	$0
Value of net assets at beginning of year (total assets less liabilities)	2019-10-09	$4,077,066
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-10-09	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-10-09	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2019-10-09	$0
Were any leases to which the plan was party in default or uncollectible	2019-10-09	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2019-10-09	$0
Investment advisory and management fees	2019-10-09	$18,902
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-10-09	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-10-09	$1,743,905
Value of interest in pooled separate accounts at end of year	2019-10-09	$0
Value of interest in pooled separate accounts at beginning of year	2019-10-09	$1,451,684
Interest on participant loans	2019-10-09	$7,136
Income. Interest from loans (other than to participants)	2019-10-09	$0
Interest earned on other investments	2019-10-09	$0
Income. Interest from US Government securities	2019-10-09	$0
Income. Interest from corporate debt instruments	2019-10-09	$0
Value of interest in common/collective trusts at end of year	2019-10-09	$0
Value of interest in common/collective trusts at beginning of year	2019-10-09	$677,527
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-10-09	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2019-10-09	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-10-09	$190,716
Net investment gain/loss from pooled separate accounts	2019-10-09	$213,764
Net investment gain or loss from common/collective trusts	2019-10-09	$58,856
Net gain/loss from 103.12 investment entities	2019-10-09	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-10-09	No
Was there a failure to transmit to the plan any participant contributions	2019-10-09	No
Has the plan failed to provide any benefit when due under the plan	2019-10-09	No
Contributions received in cash from employer	2019-10-09	$0
Employer contributions (assets) at end of year	2019-10-09	$0
Employer contributions (assets) at beginning of year	2019-10-09	$0
Income. Dividends from preferred stock	2019-10-09	$0
Income. Dividends from common stock	2019-10-09	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-10-09	$606,888
Contract administrator fees	2019-10-09	$12,933
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-10-09	Yes
Liabilities. Value of benefit claims payable at beginning of year	2019-10-09	$0
Did the plan have assets held for investment	2019-10-09	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-10-09	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-10-09	Yes
Aggregate proceeds on sale of assets	2019-10-09	$0
Aggregate carrying amount (costs) on sale of assets	2019-10-09	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2019-10-09	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-10-09	Yes
Opinion of an independent qualified public accountant for this plan	2019-10-09	Disclaimer
Accountancy firm name	2019-10-09	HSRDS, AN ACCOUNTANCY CORPORATION
Accountancy firm EIN	2019-10-09	813709413
2018 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets	2018-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$0
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total transfer of assets to this plan	2018-12-31	$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	$643,485
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$268,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$205,240
Expenses. Certain deemed distributions of participant loans	2018-12-31	$0
Value of total corrective distributions	2018-12-31	$31,614
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$876,239
Value of total assets at end of year	2018-12-31	$4,077,066
Value of total assets at beginning of year	2018-12-31	$3,702,237
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$31,802
Total income from rents	2018-12-31	$0
Total interest from all sources	2018-12-31	$8,500
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$38,260
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$38,260
Administrative expenses professional fees incurred	2018-12-31	$0
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Amount of non-exempt transactions with any party-in-interest	2018-12-31	$0
Contributions received from participants	2018-12-31	$759,109
Participant contributions at end of year	2018-12-31	$180,680
Participant contributions at beginning of year	2018-12-31	$129,124
Participant contributions at end of year	2018-12-31	$23,270
Participant contributions at beginning of year	2018-12-31	$14,536
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$117,130
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$0
Other income not declared elsewhere	2018-12-31	$0
Administrative expenses (other) incurred	2018-12-31	$0
Liabilities. Value of operating payables at beginning of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$374,829
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$4,077,066
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$3,702,237
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2018-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2018-12-31	$0
Investment advisory and management fees	2018-12-31	$17,612
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$1,743,905
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$1,680,163
Value of interest in pooled separate accounts at end of year	2018-12-31	$1,451,684
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$1,421,955
Interest on participant loans	2018-12-31	$8,500
Income. Interest from loans (other than to participants)	2018-12-31	$0
Interest earned on other investments	2018-12-31	$0
Income. Interest from US Government securities	2018-12-31	$0
Income. Interest from corporate debt instruments	2018-12-31	$0
Value of interest in common/collective trusts at end of year	2018-12-31	$677,527
Value of interest in common/collective trusts at beginning of year	2018-12-31	$456,459
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-144,153
Net investment gain/loss from pooled separate accounts	2018-12-31	$-111,835
Net investment gain or loss from common/collective trusts	2018-12-31	$-23,526
Net gain/loss from 103.12 investment entities	2018-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$0
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$0
Income. Dividends from preferred stock	2018-12-31	$0
Income. Dividends from common stock	2018-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$205,240
Contract administrator fees	2018-12-31	$14,190
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$0
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Aggregate proceeds on sale of assets	2018-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2018-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2018-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	HOFFMAN SHORT RUBIN DEWINTER SANDER
Accountancy firm EIN	2018-12-31	813709413
2017 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets	2017-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$0
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total transfer of assets to this plan	2017-12-31	$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
Total income from all sources (including contributions)	2017-12-31	$1,164,118
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$390,378
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$330,816
Expenses. Certain deemed distributions of participant loans	2017-12-31	$0
Value of total corrective distributions	2017-12-31	$33,628
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$628,423
Value of total assets at end of year	2017-12-31	$3,702,237
Value of total assets at beginning of year	2017-12-31	$2,928,497
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$25,934
Total income from rents	2017-12-31	$0
Total interest from all sources	2017-12-31	$6,140
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$29,849
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$29,849
Administrative expenses professional fees incurred	2017-12-31	$0
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Amount of non-exempt transactions with any party-in-interest	2017-12-31	$0
Contributions received from participants	2017-12-31	$616,394
Participant contributions at end of year	2017-12-31	$129,124
Participant contributions at beginning of year	2017-12-31	$109,642
Participant contributions at end of year	2017-12-31	$14,536
Participant contributions at beginning of year	2017-12-31	$17,683
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$12,029
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2017-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$0
Other income not declared elsewhere	2017-12-31	$0
Administrative expenses (other) incurred	2017-12-31	$0
Liabilities. Value of operating payables at beginning of year	2017-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$773,740
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$3,702,237
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$2,928,497
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2017-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2017-12-31	$0
Investment advisory and management fees	2017-12-31	$14,896
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$1,680,163
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$860,438
Value of interest in pooled separate accounts at end of year	2017-12-31	$1,421,955
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$1,710,248
Interest on participant loans	2017-12-31	$6,140
Income. Interest from loans (other than to participants)	2017-12-31	$0
Interest earned on other investments	2017-12-31	$0
Income. Interest from US Government securities	2017-12-31	$0
Income. Interest from corporate debt instruments	2017-12-31	$0
Value of interest in common/collective trusts at end of year	2017-12-31	$456,459
Value of interest in common/collective trusts at beginning of year	2017-12-31	$230,486
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2017-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$237,042
Net investment gain/loss from pooled separate accounts	2017-12-31	$250,557
Net investment gain or loss from common/collective trusts	2017-12-31	$12,107
Net gain/loss from 103.12 investment entities	2017-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$0
Employer contributions (assets) at end of year	2017-12-31	$0
Employer contributions (assets) at beginning of year	2017-12-31	$0
Income. Dividends from preferred stock	2017-12-31	$0
Income. Dividends from common stock	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$330,816
Contract administrator fees	2017-12-31	$11,038
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$0
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Aggregate proceeds on sale of assets	2017-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2017-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	HOFFMAN SHORT RUBIN DEWINTER SANDER
Accountancy firm EIN	2017-12-31	813709413
2016 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets	2016-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$0
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total transfer of assets to this plan	2016-12-31	$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
Total income from all sources (including contributions)	2016-12-31	$919,283
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$601,375
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$546,572
Expenses. Certain deemed distributions of participant loans	2016-12-31	$0
Value of total corrective distributions	2016-12-31	$33,814
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$715,663
Value of total assets at end of year	2016-12-31	$2,928,497
Value of total assets at beginning of year	2016-12-31	$2,610,589
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$20,989
Total income from rents	2016-12-31	$0
Total interest from all sources	2016-12-31	$5,246
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$12,609
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$12,609
Administrative expenses professional fees incurred	2016-12-31	$0
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Amount of non-exempt transactions with any party-in-interest	2016-12-31	$0
Contributions received from participants	2016-12-31	$676,047
Participant contributions at end of year	2016-12-31	$109,642
Participant contributions at beginning of year	2016-12-31	$65,009
Participant contributions at end of year	2016-12-31	$17,683
Participant contributions at beginning of year	2016-12-31	$14,910
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$39,616
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2016-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2016-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2016-12-31	$0
Other income not declared elsewhere	2016-12-31	$0
Administrative expenses (other) incurred	2016-12-31	$0
Liabilities. Value of operating payables at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$317,908
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$2,928,497
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$2,610,589
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2016-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2016-12-31	$0
Investment advisory and management fees	2016-12-31	$12,755
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$860,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$913,522
Value of interest in pooled separate accounts at end of year	2016-12-31	$1,710,248
Value of interest in pooled separate accounts at beginning of year	2016-12-31	$1,519,847
Interest on participant loans	2016-12-31	$5,246
Income. Interest from loans (other than to participants)	2016-12-31	$0
Interest earned on other investments	2016-12-31	$0
Income. Interest from US Government securities	2016-12-31	$0
Income. Interest from corporate debt instruments	2016-12-31	$0
Value of interest in common/collective trusts at end of year	2016-12-31	$230,486
Value of interest in common/collective trusts at beginning of year	2016-12-31	$97,301
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2016-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$44,397
Net investment gain/loss from pooled separate accounts	2016-12-31	$138,451
Net investment gain or loss from common/collective trusts	2016-12-31	$2,917
Net gain/loss from 103.12 investment entities	2016-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$0
Employer contributions (assets) at end of year	2016-12-31	$0
Employer contributions (assets) at beginning of year	2016-12-31	$0
Income. Dividends from preferred stock	2016-12-31	$0
Income. Dividends from common stock	2016-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$546,572
Contract administrator fees	2016-12-31	$8,234
Liabilities. Value of benefit claims payable at beginning of year	2016-12-31	$0
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Aggregate proceeds on sale of assets	2016-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2016-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2016-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	HOFFMAN, SHORT, RUBIN, DEWINTER, SA
Accountancy firm EIN	2016-12-31	813709413
2015 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets	2015-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2015-12-31	$0
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total transfer of assets to this plan	2015-12-31	$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	$573,188
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$349,712
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$280,063
Expenses. Certain deemed distributions of participant loans	2015-12-31	$0
Value of total corrective distributions	2015-12-31	$48,963
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$627,861
Value of total assets at end of year	2015-12-31	$2,610,589
Value of total assets at beginning of year	2015-12-31	$2,387,113
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$20,686
Total income from rents	2015-12-31	$0
Total interest from all sources	2015-12-31	$5,227
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$16,631
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2015-12-31	$16,631
Administrative expenses professional fees incurred	2015-12-31	$0
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$200,000
If this is an individual account plan, was there a blackout period	2015-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Amount of non-exempt transactions with any party-in-interest	2015-12-31	$0
Contributions received from participants	2015-12-31	$568,728
Participant contributions at end of year	2015-12-31	$65,009
Participant contributions at beginning of year	2015-12-31	$70,633
Participant contributions at end of year	2015-12-31	$14,910
Participant contributions at beginning of year	2015-12-31	$13,236
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$59,133
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2015-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2015-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2015-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2015-12-31	$0
Other income not declared elsewhere	2015-12-31	$0
Administrative expenses (other) incurred	2015-12-31	$4
Liabilities. Value of operating payables at beginning of year	2015-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$223,476
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$2,610,589
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$2,387,113
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2015-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2015-12-31	$0
Investment advisory and management fees	2015-12-31	$9,028
Value of interest in registered invesment companies (eg mutual funds) at end of year	2015-12-31	$913,522
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2015-12-31	$850,875
Value of interest in pooled separate accounts at end of year	2015-12-31	$1,519,847
Value of interest in pooled separate accounts at beginning of year	2015-12-31	$1,366,974
Interest on participant loans	2015-12-31	$5,227
Income. Interest from loans (other than to participants)	2015-12-31	$0
Interest earned on other investments	2015-12-31	$0
Income. Interest from US Government securities	2015-12-31	$0
Income. Interest from corporate debt instruments	2015-12-31	$0
Value of interest in common/collective trusts at end of year	2015-12-31	$97,301
Value of interest in common/collective trusts at beginning of year	2015-12-31	$85,395
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2015-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2015-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2015-12-31	$-64,891
Net investment gain/loss from pooled separate accounts	2015-12-31	$-11,914
Net investment gain or loss from common/collective trusts	2015-12-31	$274
Net gain/loss from 103.12 investment entities	2015-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Contributions received in cash from employer	2015-12-31	$0
Employer contributions (assets) at end of year	2015-12-31	$0
Employer contributions (assets) at beginning of year	2015-12-31	$0
Income. Dividends from preferred stock	2015-12-31	$0
Income. Dividends from common stock	2015-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$280,063
Contract administrator fees	2015-12-31	$11,654
Liabilities. Value of benefit claims payable at beginning of year	2015-12-31	$0
Did the plan have assets held for investment	2015-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Aggregate proceeds on sale of assets	2015-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2015-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2015-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2015-12-31	Disclaimer
Accountancy firm name	2015-12-31	FORMAN RICHTER & RUBIN
Accountancy firm EIN	2015-12-31	953254558
2014 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets	2014-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2014-12-31	$0
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$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	$601,280
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$405,925
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$301,993
Expenses. Certain deemed distributions of participant loans	2014-12-31	$0
Value of total corrective distributions	2014-12-31	$79,420
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$502,603
Value of total assets at end of year	2014-12-31	$2,387,113
Value of total assets at beginning of year	2014-12-31	$2,191,758
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$24,512
Total income from rents	2014-12-31	$0
Total interest from all sources	2014-12-31	$3,714
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$19,056
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$19,056
Administrative expenses professional fees incurred	2014-12-31	$0
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$200,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Amount of non-exempt transactions with any party-in-interest	2014-12-31	$0
Contributions received from participants	2014-12-31	$491,520
Participant contributions at end of year	2014-12-31	$70,633
Participant contributions at beginning of year	2014-12-31	$65,130
Participant contributions at end of year	2014-12-31	$13,236
Participant contributions at beginning of year	2014-12-31	$12,957
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$11,083
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2014-12-31	$0
Other income not declared elsewhere	2014-12-31	$0
Administrative expenses (other) incurred	2014-12-31	$0
Liabilities. Value of operating payables at beginning of year	2014-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$195,355
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$2,387,113
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$2,191,758
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2014-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2014-12-31	$0
Investment advisory and management fees	2014-12-31	$11,671
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$850,875
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$775,148
Value of interest in pooled separate accounts at end of year	2014-12-31	$1,366,974
Value of interest in pooled separate accounts at beginning of year	2014-12-31	$1,210,506
Interest on participant loans	2014-12-31	$3,714
Income. Interest from loans (other than to participants)	2014-12-31	$0
Interest earned on other investments	2014-12-31	$0
Income. Interest from US Government securities	2014-12-31	$0
Income. Interest from corporate debt instruments	2014-12-31	$0
Value of interest in common/collective trusts at end of year	2014-12-31	$85,395
Value of interest in common/collective trusts at beginning of year	2014-12-31	$128,017
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2014-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2014-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$-1,192
Net investment gain/loss from pooled separate accounts	2014-12-31	$75,978
Net investment gain or loss from common/collective trusts	2014-12-31	$1,121
Net gain/loss from 103.12 investment entities	2014-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$0
Employer contributions (assets) at end of year	2014-12-31	$0
Employer contributions (assets) at beginning of year	2014-12-31	$0
Income. Dividends from preferred stock	2014-12-31	$0
Income. Dividends from common stock	2014-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$301,993
Contract administrator fees	2014-12-31	$12,841
Liabilities. Value of benefit claims payable at beginning of year	2014-12-31	$0
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Aggregate proceeds on sale of assets	2014-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2014-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2014-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	FORMAN, RICHTER & RUBIN
Accountancy firm EIN	2014-12-31	953254558
2013 : SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2013-12-31	$0
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total transfer of assets to this plan	2013-12-31	$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	$820,150
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$52,391
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$32,327
Expenses. Certain deemed distributions of participant loans	2013-12-31	$0
Value of total corrective distributions	2013-12-31	$1,267
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$530,808
Value of total assets at end of year	2013-12-31	$2,191,758
Value of total assets at beginning of year	2013-12-31	$1,423,999
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$18,797
Total income from rents	2013-12-31	$0
Total interest from all sources	2013-12-31	$3,249
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$14,768
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$14,768
Administrative expenses professional fees incurred	2013-12-31	$0
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$200,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Amount of non-exempt transactions with any party-in-interest	2013-12-31	$0
Contributions received from participants	2013-12-31	$476,038
Participant contributions at end of year	2013-12-31	$65,130
Participant contributions at beginning of year	2013-12-31	$41,674
Participant contributions at end of year	2013-12-31	$12,957
Participant contributions at beginning of year	2013-12-31	$9,641
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$54,770
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2013-12-31	$0
Other income not declared elsewhere	2013-12-31	$0
Administrative expenses (other) incurred	2013-12-31	$0
Liabilities. Value of operating payables at beginning of year	2013-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$767,759
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$2,191,758
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$1,423,999
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2013-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2013-12-31	$0
Investment advisory and management fees	2013-12-31	$8,938
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$775,148
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$654,968
Value of interest in pooled separate accounts at end of year	2013-12-31	$1,210,506
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$623,895
Interest on participant loans	2013-12-31	$3,249
Income. Interest from loans (other than to participants)	2013-12-31	$0
Interest earned on other investments	2013-12-31	$0
Income. Interest from US Government securities	2013-12-31	$0
Income. Interest from corporate debt instruments	2013-12-31	$0
Value of interest in common/collective trusts at end of year	2013-12-31	$128,017
Value of interest in common/collective trusts at beginning of year	2013-12-31	$93,821
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$108,406
Net investment gain/loss from pooled separate accounts	2013-12-31	$163,346
Net investment gain or loss from common/collective trusts	2013-12-31	$-427
Net gain/loss from 103.12 investment entities	2013-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$0
Employer contributions (assets) at end of year	2013-12-31	$0
Employer contributions (assets) at beginning of year	2013-12-31	$0
Income. Dividends from preferred stock	2013-12-31	$0
Income. Dividends from common stock	2013-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$32,327
Contract administrator fees	2013-12-31	$9,859
Liabilities. Value of benefit claims payable at beginning of year	2013-12-31	$0
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Aggregate proceeds on sale of assets	2013-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2013-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2013-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	FORMAN, RICHTER & RUBIN
Accountancy firm EIN	2013-12-31	953254558

Form 5500 Responses for SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN

2019: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	This submission is the final filing	Yes
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SOUTH PACIFIC FINANCIAL CORPORATION 401(K) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

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

Policy contract number

705776

Policy instance

Insurance contract or identification number	705776
Number of Individuals Covered	0
Insurance policy start date	2019-01-01
Insurance policy end date	2019-10-09
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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

Policy contract number

705776

Policy instance

Insurance contract or identification number	705776
Number of Individuals Covered	190
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $1,370
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $0
Amount paid for insurance broker fees	1370
Additional information about fees paid to insurance broker	PRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?	3
Insurance broker name	LPL FINANCIAL LLC

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

Policy contract number

705776

Policy instance

Insurance contract or identification number	705776
Number of Individuals Covered	188
Insurance policy start date	2015-01-01
Insurance policy end date	2015-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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

Policy contract number

705776

Policy instance

Insurance contract or identification number	705776
Number of Individuals Covered	173
Insurance policy start date	2014-01-01
Insurance policy end date	2014-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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

Policy contract number

705776

Policy instance

Insurance contract or identification number	705776
Number of Individuals Covered	185
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	SOUTH PACIFIC FINANCIAL CORPORATION
Employer identification number (EIN):	953821253
NAIC Classification:	522292
NAIC Description:	Real Estate Credit

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2006-08-22
Company Identification Number:	0800698474
Legal Registered Office Address:	4900 N SCOTTSDALE RD STE 2000 SCOTTSDALE United States of America (USA) 85251