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TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 401k Plan overview

Plan NameTEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN
Plan identification number 001

TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name:TEAM CAPITAL BANK
Employer identification number (EIN):201890607
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about TEAM CAPITAL BANK

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number: 3997829

More information about TEAM CAPITAL BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-01-01
0012013-01-01
0012012-01-01FREDERIC B CORT FREDERIC B CORT2013-10-14
0012011-01-01HOWARD N HALL HOWARD N HALL2012-10-15
0012010-01-01V DANIEL SMOKER2011-06-17 V DANIEL SMOKER2011-06-17

Plan Statistics for TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN

401k plan membership statisitcs for TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN

Measure Date Value
2014: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01146
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01149
Total number of active participants reported on line 7a of the Form 55002013-01-01138
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-017
Total of all active and inactive participants2013-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01146
Number of participants with account balances2013-01-01137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01129
Total number of active participants reported on line 7a of the Form 55002012-01-01140
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-01149
Total participants2012-01-01149
Number of participants with account balances2012-01-01129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01118
Total number of active participants reported on line 7a of the Form 55002011-01-01125
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-01132
Total participants2011-01-01132
Number of participants with account balances2011-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN

Measure Date Value
2014 : TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-12-31$252,015
Total unrealized appreciation/depreciation of assets2014-12-31$252,015
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,095,204
Total of all expenses incurred2014-12-31$5,950,709
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$5,946,811
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$798,492
Value of total assets at end of year2014-12-31$0
Value of total assets at beginning of year2014-12-31$4,855,505
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,898
Total interest from all sources2014-12-31$714
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$43,983
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$549,948
Participant contributions at beginning of year2014-12-31$23,592
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$71,601
Administrative expenses (other) incurred2014-12-31$3,898
Total non interest bearing cash at end of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-4,855,505
Value of net assets at end of year (total assets less liabilities)2014-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$4,855,505
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$4,819,007
Interest on participant loans2014-12-31$714
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$176,943
Employer contributions (assets) at beginning of year2014-12-31$12,906
Income. Dividends from preferred stock2014-12-31$43,983
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$5,946,811
Liabilities. Value of benefit claims payable at end of year2014-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BAKER TILLY VIRCHOW KRAUSE, LLP
Accountancy firm EIN2014-12-31390859910
2013 : TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$589,690
Total unrealized appreciation/depreciation of assets2013-12-31$589,690
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,828,506
Total of all expenses incurred2013-12-31$380,660
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$380,090
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,076,677
Value of total assets at end of year2013-12-31$4,855,505
Value of total assets at beginning of year2013-12-31$3,407,659
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$570
Total interest from all sources2013-12-31$866
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$161,273
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$3,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$612,523
Participant contributions at end of year2013-12-31$23,592
Participant contributions at beginning of year2013-12-31$19,666
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$170,293
Administrative expenses (other) incurred2013-12-31$570
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$1,447,846
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,855,505
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$3,407,659
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$4,819,007
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$3,379,660
Interest on participant loans2013-12-31$866
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$293,861
Employer contributions (assets) at end of year2013-12-31$12,906
Employer contributions (assets) at beginning of year2013-12-31$8,333
Income. Dividends from preferred stock2013-12-31$161,273
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$380,090
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31PARENTEBEARD, LLC
Accountancy firm EIN2013-12-31232932984
2012 : TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$302,270
Total unrealized appreciation/depreciation of assets2012-12-31$302,270
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,281,766
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$351,887
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$351,432
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$909,042
Value of total assets at end of year2012-12-31$3,407,659
Value of total assets at beginning of year2012-12-31$2,477,780
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$455
Total interest from all sources2012-12-31$311
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$70,143
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$520,033
Participant contributions at end of year2012-12-31$19,666
Participant contributions at beginning of year2012-12-31$10,348
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$121,774
Administrative expenses (other) incurred2012-12-31$455
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$929,879
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,407,659
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,477,780
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,379,660
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,465,014
Interest on participant loans2012-12-31$311
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$267,235
Employer contributions (assets) at end of year2012-12-31$8,333
Employer contributions (assets) at beginning of year2012-12-31$2,418
Income. Dividends from preferred stock2012-12-31$70,143
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$351,432
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31PARENTEBEARD, LLC
Accountancy firm EIN2012-12-31232932984
2011 : TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-112,367
Total unrealized appreciation/depreciation of assets2011-12-31$-112,367
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$659,081
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$196,523
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$196,438
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$718,142
Value of total assets at end of year2011-12-31$2,477,780
Value of total assets at beginning of year2011-12-31$2,015,222
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$85
Total interest from all sources2011-12-31$253
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$53,053
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$410,311
Participant contributions at end of year2011-12-31$10,348
Participant contributions at beginning of year2011-12-31$10,655
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$70,908
Administrative expenses (other) incurred2011-12-31$85
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$462,558
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,477,780
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,015,222
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,465,014
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,992,227
Interest on participant loans2011-12-31$253
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$236,923
Employer contributions (assets) at end of year2011-12-31$2,418
Employer contributions (assets) at beginning of year2011-12-31$12,340
Income. Dividends from preferred stock2011-12-31$53,053
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$196,438
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PARENTEBEARD, LLC
Accountancy firm EIN2011-12-31232932984

Form 5500 Responses for TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN

2014: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TEAM CAPITAL BANK 401(K) SAFE HARBOR PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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