STERLING BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan STERLING BANK 401K PROFIT SHARING PLAN
Measure | Date | Value |
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2022: STERLING BANK 401K PROFIT SHARING PLAN 2022 401k membership |
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Total participants, beginning-of-year | 2022-01-01 | 161 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 156 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 35 |
Total of all active and inactive participants | 2022-01-01 | 192 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 192 |
Number of participants with account balances | 2022-01-01 | 175 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: STERLING BANK 401K PROFIT SHARING PLAN 2021 401k membership |
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Total participants, beginning-of-year | 2021-01-01 | 172 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 145 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 16 |
Total of all active and inactive participants | 2021-01-01 | 161 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 161 |
Number of participants with account balances | 2021-01-01 | 161 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: STERLING BANK 401K PROFIT SHARING PLAN 2020 401k membership |
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Total participants, beginning-of-year | 2020-01-01 | 166 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 147 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 25 |
Total of all active and inactive participants | 2020-01-01 | 172 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 172 |
Number of participants with account balances | 2020-01-01 | 154 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: STERLING BANK 401K PROFIT SHARING PLAN 2019 401k membership |
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Total participants, beginning-of-year | 2019-01-01 | 165 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 144 |
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 | 22 |
Total of all active and inactive participants | 2019-01-01 | 166 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 166 |
Number of participants with account balances | 2019-01-01 | 150 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
2018: STERLING BANK 401K PROFIT SHARING PLAN 2018 401k membership |
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Total participants, beginning-of-year | 2018-01-01 | 165 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 145 |
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 | 20 |
Total of all active and inactive participants | 2018-01-01 | 165 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 165 |
Number of participants with account balances | 2018-01-01 | 152 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
2017: STERLING BANK 401K PROFIT SHARING PLAN 2017 401k membership |
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Total participants, beginning-of-year | 2017-01-01 | 157 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 146 |
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 | 19 |
Total of all active and inactive participants | 2017-01-01 | 165 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 165 |
Number of participants with account balances | 2017-01-01 | 149 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
2016: STERLING BANK 401K PROFIT SHARING PLAN 2016 401k membership |
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Total participants, beginning-of-year | 2016-01-01 | 148 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 137 |
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 | 20 |
Total of all active and inactive participants | 2016-01-01 | 157 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 0 |
Total participants | 2016-01-01 | 157 |
Number of participants with account balances | 2016-01-01 | 141 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 0 |
2010: STERLING BANK 401K PROFIT SHARING PLAN 2010 401k membership |
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Total participants, beginning-of-year | 2010-01-01 | 23 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 28 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 0 |
Total of all active and inactive participants | 2010-01-01 | 28 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
Total participants | 2010-01-01 | 28 |
Number of participants with account balances | 2010-01-01 | 16 |
Measure | Date | Value |
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2022 : STERLING BANK 401K PROFIT SHARING PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-414,471 |
Total of all expenses incurred | 2022-12-31 | $786,473 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $785,973 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,052,178 |
Value of total assets at end of year | 2022-12-31 | $6,613,770 |
Value of total assets at beginning of year | 2022-12-31 | $7,814,714 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $500 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $305,237 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $305,237 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $652,297 |
Participant contributions at end of year | 2022-12-31 | $25,648 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $68,607 |
Administrative expenses (other) incurred | 2022-12-31 | $500 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,200,944 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $6,613,770 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $7,814,714 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $6,574,679 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $7,814,714 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,771,886 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $331,274 |
Employer contributions (assets) at end of year | 2022-12-31 | $13,443 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $785,973 |
Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | ANDERS MINKLER HUBER & HELM LLP |
Accountancy firm EIN | 2022-12-31 | 430831507 |
2021 : STERLING BANK 401K PROFIT SHARING PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $2,214,572 |
Total of all expenses incurred | 2021-12-31 | $750,814 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $750,039 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,145,148 |
Value of total assets at end of year | 2021-12-31 | $7,814,714 |
Value of total assets at beginning of year | 2021-12-31 | $6,350,956 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $775 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $422,386 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $422,386 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $594,999 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $255,679 |
Administrative expenses (other) incurred | 2021-12-31 | $775 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,463,758 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $7,814,714 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $6,350,956 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $7,814,714 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $6,350,956 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $647,038 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $294,470 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $750,039 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | ANDERS MINKLER HUBER & HELM LLP |
Accountancy firm EIN | 2021-12-31 | 430831507 |
2020 : STERLING BANK 401K PROFIT SHARING PLAN 2020 401k financial data |
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Total income from all sources (including contributions) | 2020-12-31 | $1,800,246 |
Total of all expenses incurred | 2020-12-31 | $153,268 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $152,818 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $876,718 |
Value of total assets at end of year | 2020-12-31 | $6,350,956 |
Value of total assets at beginning of year | 2020-12-31 | $4,703,978 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $450 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $198,155 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $198,155 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $585,950 |
Administrative expenses (other) incurred | 2020-12-31 | $450 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $1,646,978 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $6,350,956 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $4,703,978 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $6,350,956 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $4,703,978 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $725,373 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $290,768 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $152,818 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
Accountancy firm name | 2020-12-31 | ANDERS MINKLER HUBER & HELM LLP |
Accountancy firm EIN | 2020-12-31 | 430831507 |
2019 : STERLING BANK 401K PROFIT SHARING PLAN 2019 401k financial data |
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Total income from all sources (including contributions) | 2019-12-31 | $1,654,900 |
Total of all expenses incurred | 2019-12-31 | $233,890 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $233,315 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $833,987 |
Value of total assets at end of year | 2019-12-31 | $4,703,978 |
Value of total assets at beginning of year | 2019-12-31 | $3,282,968 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $575 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $223,959 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $223,959 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $470,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $545,163 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $6,270 |
Administrative expenses (other) incurred | 2019-12-31 | $575 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $1,421,010 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $4,703,978 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $3,282,968 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $4,703,978 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $3,282,968 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $596,954 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $282,554 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $233,315 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | CUMMINGS RISTAU & ASSOCIATES PC |
Accountancy firm EIN | 2019-12-31 | 431738226 |
2018 : STERLING BANK 401K PROFIT SHARING PLAN 2018 401k financial data |
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Total income from all sources (including contributions) | 2018-12-31 | $643,500 |
Total of all expenses incurred | 2018-12-31 | $328,178 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $327,653 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $827,375 |
Value of total assets at end of year | 2018-12-31 | $3,282,968 |
Value of total assets at beginning of year | 2018-12-31 | $2,967,646 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $525 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $229,529 |
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 | $229,529 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $328,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $483,927 |
Participant contributions at beginning of year | 2018-12-31 | $17,477 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $70,432 |
Administrative expenses (other) incurred | 2018-12-31 | $525 |
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 | $315,322 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $3,282,968 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $2,967,646 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $3,282,968 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $2,939,401 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-413,404 |
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 | $273,016 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $10,768 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $327,653 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
Accountancy firm name | 2018-12-31 | CUMMINGS RISTAU & ASSOCIATES PC |
Accountancy firm EIN | 2018-12-31 | 431738226 |
2017 : STERLING BANK 401K PROFIT SHARING PLAN 2017 401k financial data |
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Total income from all sources (including contributions) | 2017-12-31 | $1,185,152 |
Total of all expenses incurred | 2017-12-31 | $653,104 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $653,104 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $725,480 |
Value of total assets at end of year | 2017-12-31 | $2,967,646 |
Value of total assets at beginning of year | 2017-12-31 | $2,435,598 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $142,597 |
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 | $142,597 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $297,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $451,271 |
Participant contributions at end of year | 2017-12-31 | $17,477 |
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 | $532,048 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $2,967,646 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $2,435,598 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $2,939,401 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $2,435,598 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $317,075 |
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 | $274,209 |
Employer contributions (assets) at end of year | 2017-12-31 | $10,768 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $653,104 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
Accountancy firm name | 2017-12-31 | CUMMINGS RISTAU & ASSOCIATES PC |
Accountancy firm EIN | 2017-12-31 | 431738226 |
2016 : STERLING BANK 401K PROFIT SHARING PLAN 2016 401k financial data |
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Total income from all sources (including contributions) | 2016-12-31 | $988,157 |
Total of all expenses incurred | 2016-12-31 | $205,271 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $205,271 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $793,165 |
Value of total assets at end of year | 2016-12-31 | $2,435,598 |
Value of total assets at beginning of year | 2016-12-31 | $1,652,712 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $103,657 |
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 | $103,657 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $244,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $435,654 |
Participant contributions at beginning of year | 2016-12-31 | $14,872 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $77,510 |
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 | $782,886 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $2,435,598 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $1,652,712 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $2,435,598 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $1,627,976 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $91,335 |
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 | $280,001 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $9,864 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $205,271 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | CUMMINGS RISTAU & ASSOCIATES PC |
Accountancy firm EIN | 2016-12-31 | 431738226 |
2010 : STERLING BANK 401K PROFIT SHARING PLAN 2010 401k financial data |
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Total income from all sources | 2010-12-31 | $138,825 |
Expenses. Total of all expenses incurred | 2010-12-31 | $21,256 |
Benefits paid (including direct rollovers) | 2010-12-31 | $21,256 |
Total plan assets at end of year | 2010-12-31 | $342,552 |
Total plan assets at beginning of year | 2010-12-31 | $224,983 |
Value of fidelity bond covering the plan | 2010-12-31 | $35,000 |
Total contributions received or receivable from participants | 2010-12-31 | $63,605 |
Other income received | 2010-12-31 | $28,176 |
Net income (gross income less expenses) | 2010-12-31 | $117,569 |
Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $342,552 |
Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $224,983 |
Total contributions received or receivable from employer(s) | 2010-12-31 | $47,044 |