1ST SUMMIT BANCORP has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan 1ST SUMMIT BANCORP CAPITAL ACCUMULATION PLAN
Measure | Date | Value |
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2022 : 1ST SUMMIT BANCORP CAPITAL ACCUMULATION PLAN 2022 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $5,589,186 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $5,589,186 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $41,434 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $57,775 |
Total income from all sources (including contributions) | 2022-12-31 | $388,648 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $961,074 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $927,294 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,186,388 |
Value of total assets at end of year | 2022-12-31 | $26,927,091 |
Value of total assets at beginning of year | 2022-12-31 | $27,515,858 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $33,780 |
Total interest from all sources | 2022-12-31 | $9,715 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $919,565 |
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 | $641,804 |
Administrative expenses professional fees incurred | 2022-12-31 | $9,711 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $8,000,000 |
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 | $923,896 |
Participant contributions at end of year | 2022-12-31 | $238,946 |
Participant contributions at beginning of year | 2022-12-31 | $173,323 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $41,434 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $57,775 |
Other income not declared elsewhere | 2022-12-31 | $-5,022,186 |
Total non interest bearing cash at end of year | 2022-12-31 | $41,434 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $57,775 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-572,426 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $26,885,657 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $27,458,083 |
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 | $11,704,506 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $13,013,667 |
Interest on participant loans | 2022-12-31 | $9,715 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $2,892,881 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $2,573,137 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-2,353,923 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $59,903 |
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 |
Assets. Invements in employer securities at end of year | 2022-12-31 | $11,786,832 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $11,439,911 |
Contributions received in cash from employer | 2022-12-31 | $262,492 |
Employer contributions (assets) at end of year | 2022-12-31 | $262,492 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $258,045 |
Income. Dividends from common stock | 2022-12-31 | $277,761 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $927,294 |
Contract administrator fees | 2022-12-31 | $24,069 |
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 |
Aggregate proceeds on sale of assets | 2022-12-31 | $342,500 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $342,500 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | S.R. SNODGRASS, P.C. |
Accountancy firm EIN | 2022-12-31 | 251616561 |
2021 : 1ST SUMMIT BANCORP CAPITAL ACCUMULATION PLAN 2021 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $375,764 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $375,764 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $57,775 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $7,912 |
Total income from all sources (including contributions) | 2021-12-31 | $3,225,675 |
Total loss/gain on sale of assets | 2021-12-31 | $6,825 |
Total of all expenses incurred | 2021-12-31 | $500,974 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $469,721 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $935,628 |
Value of total assets at end of year | 2021-12-31 | $27,515,858 |
Value of total assets at beginning of year | 2021-12-31 | $24,741,294 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $31,253 |
Total interest from all sources | 2021-12-31 | $8,459 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $1,013,075 |
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 | $729,920 |
Administrative expenses professional fees incurred | 2021-12-31 | $22,217 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $677,583 |
Participant contributions at end of year | 2021-12-31 | $173,323 |
Participant contributions at beginning of year | 2021-12-31 | $179,997 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $57,775 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $7,912 |
Total non interest bearing cash at end of year | 2021-12-31 | $57,775 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $7,912 |
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 | $2,724,701 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $27,458,083 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $24,733,382 |
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 | $13,013,667 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $10,437,385 |
Interest on participant loans | 2021-12-31 | $8,459 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $2,573,137 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $1,744,726 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $837,956 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $47,968 |
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 |
Assets. Invements in employer securities at end of year | 2021-12-31 | $11,439,911 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $12,130,773 |
Contributions received in cash from employer | 2021-12-31 | $258,045 |
Employer contributions (assets) at end of year | 2021-12-31 | $258,045 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $240,501 |
Income. Dividends from common stock | 2021-12-31 | $283,155 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $469,721 |
Contract administrator fees | 2021-12-31 | $9,036 |
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 |
Aggregate proceeds on sale of assets | 2021-12-31 | $1,073,450 |
Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $1,066,625 |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | S.R. SNODGRASS, P.C. |
Accountancy firm EIN | 2021-12-31 | 251616561 |
2020 : 1ST SUMMIT BANCORP CAPITAL ACCUMULATION PLAN 2020 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $319,435 |
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $319,435 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $7,912 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $5,266 |
Total income from all sources (including contributions) | 2020-12-31 | $2,662,038 |
Total loss/gain on sale of assets | 2020-12-31 | $648 |
Total of all expenses incurred | 2020-12-31 | $339,992 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $312,195 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $922,566 |
Value of total assets at end of year | 2020-12-31 | $24,741,294 |
Value of total assets at beginning of year | 2020-12-31 | $22,416,602 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $27,797 |
Total interest from all sources | 2020-12-31 | $10,246 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $692,934 |
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 | $398,653 |
Administrative expenses professional fees incurred | 2020-12-31 | $19,324 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $3,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $682,065 |
Participant contributions at end of year | 2020-12-31 | $179,997 |
Participant contributions at beginning of year | 2020-12-31 | $165,294 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $7,912 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $5,266 |
Total non interest bearing cash at end of year | 2020-12-31 | $7,912 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $4,736 |
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 | $2,322,046 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $24,733,382 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $22,411,336 |
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 | $10,437,385 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $9,394,785 |
Interest on participant loans | 2020-12-31 | $9,971 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $985,710 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $985,710 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $275 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $1,744,726 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $707,835 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $8,374 |
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 |
Assets. Invements in employer securities at end of year | 2020-12-31 | $12,130,773 |
Assets. Invements in employer securities at beginning of year | 2020-12-31 | $11,636,187 |
Contributions received in cash from employer | 2020-12-31 | $240,501 |
Employer contributions (assets) at end of year | 2020-12-31 | $240,501 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $229,890 |
Income. Dividends from common stock | 2020-12-31 | $294,281 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $312,195 |
Contract administrator fees | 2020-12-31 | $8,473 |
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 |
Aggregate proceeds on sale of assets | 2020-12-31 | $45,800 |
Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $45,152 |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | S.R. SNODGRASS, P.C. |
Accountancy firm EIN | 2020-12-31 | 251616561 |