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SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SUSSEX BANCORP has sponsored the creation of one or more 401k plans.

Company Name:SUSSEX BANCORP
Employer identification number (EIN):223475473
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012011-01-01STEVEN FUSCO
0012010-01-01STEVEN FUSCO
0012009-01-01STEVEN M. FUSCO

Plan Statistics for SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2011: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01130
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01131
Total number of active participants reported on line 7a of the Form 55002010-01-01101
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0129
Total of all active and inactive participants2010-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01130
Number of participants with account balances2010-01-01130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01130
Total number of active participants reported on line 7a of the Form 55002009-01-01105
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0123
Total of all active and inactive participants2009-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01128
Number of participants with account balances2009-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2011 : SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-22$-81,967
Total unrealized appreciation/depreciation of assets2011-12-22$-81,967
Total income from all sources (including contributions)2011-12-22$-81,967
Total of all expenses incurred2011-12-22$234,996
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-22$234,996
Value of total assets at end of year2011-12-22$0
Value of total assets at beginning of year2011-12-22$316,963
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-22Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-22$0
Was this plan covered by a fidelity bond2011-12-22Yes
Value of fidelity bond cover2011-12-22$5,000,000
If this is an individual account plan, was there a blackout period2011-12-22No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-22$0
Were there any nonexempt tranactions with any party-in-interest2011-12-22No
Total non interest bearing cash at end of year2011-12-22$0
Total non interest bearing cash at beginning of year2011-12-22$702
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-22No
Value of net income/loss2011-12-22$-316,963
Value of net assets at end of year (total assets less liabilities)2011-12-22$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-22$316,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-22No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-22No
Were any leases to which the plan was party in default or uncollectible2011-12-22No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-22No
Was there a failure to transmit to the plan any participant contributions2011-12-22No
Has the plan failed to provide any benefit when due under the plan2011-12-22No
Assets. Invements in employer securities at end of year2011-12-22$0
Assets. Invements in employer securities at beginning of year2011-12-22$316,161
Employer contributions (assets) at end of year2011-12-22$0
Employer contributions (assets) at beginning of year2011-12-22$100
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-22$234,996
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-22No
Did the plan have assets held for investment2011-12-22No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-22No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-22Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-22No
Opinion of an independent qualified public accountant for this plan2011-12-22Unqualified
Accountancy firm name2011-12-22PARENTEBEARD LLC
Accountancy firm EIN2011-12-22232932984
2010 : SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$137,584
Total unrealized appreciation/depreciation of assets2010-12-31$137,584
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$137,584
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$3,300
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,246
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$0
Value of total assets at end of year2010-12-31$316,963
Value of total assets at beginning of year2010-12-31$182,679
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$54
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Total non interest bearing cash at end of year2010-12-31$702
Total non interest bearing cash at beginning of year2010-12-31$2,559
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$134,284
Value of net assets at end of year (total assets less liabilities)2010-12-31$316,963
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$182,679
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$54
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$316,161
Assets. Invements in employer securities at beginning of year2010-12-31$179,865
Employer contributions (assets) at end of year2010-12-31$100
Employer contributions (assets) at beginning of year2010-12-31$255
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,246
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PARENTEBEARD LLC
Accountancy firm EIN2010-12-31232932984
2009 : SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN

2011: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SUSSEX BANCORP EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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