FIRST AND FARMERS NATIONAL BANK, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN
401k plan membership statisitcs for FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN
Measure | Date | Value |
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2022 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-1,312,639 |
Total of all expenses incurred | 2022-12-31 | $1,154,685 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,084,864 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $761,326 |
Value of total assets at end of year | 2022-12-31 | $10,652,625 |
Value of total assets at beginning of year | 2022-12-31 | $13,119,949 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $69,821 |
Total interest from all sources | 2022-12-31 | $20,512 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $190,569 |
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 | $190,569 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
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 | $426,314 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $49,916 |
Administrative expenses (other) incurred | 2022-12-31 | $69,821 |
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 | $-2,467,324 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $10,652,625 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $13,119,949 |
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 | $9,226,096 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $12,104,887 |
Interest earned on other investments | 2022-12-31 | $20,512 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $1,426,529 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $1,015,062 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-2,285,046 |
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 | Yes |
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 | $285,096 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,084,864 |
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 | 2022-12-31 | No |
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 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2022-12-31 | 823550477 |
2021 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $2,452,904 |
Total of all expenses incurred | 2021-12-31 | $1,013,429 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $943,188 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $923,466 |
Value of total assets at end of year | 2021-12-31 | $13,119,949 |
Value of total assets at beginning of year | 2021-12-31 | $11,680,474 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $70,241 |
Total interest from all sources | 2021-12-31 | $14,297 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $307,256 |
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 | $307,256 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
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 | $451,986 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $168,619 |
Administrative expenses (other) incurred | 2021-12-31 | $70,241 |
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 | $1,439,475 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $13,119,949 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $11,680,474 |
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 | $12,104,887 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $10,746,491 |
Interest earned on other investments | 2021-12-31 | $14,297 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $1,015,062 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $933,983 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,207,885 |
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 | $302,861 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $943,188 |
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 | 2021-12-31 | No |
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 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2021-12-31 | 823550477 |
2020 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2020 401k financial data |
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Total income from all sources (including contributions) | 2020-12-31 | $2,397,665 |
Total of all expenses incurred | 2020-12-31 | $832,858 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $780,356 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $778,436 |
Value of total assets at end of year | 2020-12-31 | $11,680,474 |
Value of total assets at beginning of year | 2020-12-31 | $10,115,667 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $52,502 |
Total interest from all sources | 2020-12-31 | $13,458 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $158,155 |
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 | $158,155 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
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 | $466,205 |
Administrative expenses (other) incurred | 2020-12-31 | $52,502 |
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 | $1,564,807 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $11,680,474 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $10,115,667 |
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 | $10,746,491 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $9,452,142 |
Interest earned on other investments | 2020-12-31 | $13,458 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $933,983 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $663,525 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,447,616 |
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 | Yes |
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 | $312,231 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $780,356 |
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 | 2020-12-31 | No |
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 | Disclaimer |
Accountancy firm name | 2020-12-31 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2020-12-31 | 823550477 |
2019 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2019 401k financial data |
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Total income from all sources (including contributions) | 2019-12-31 | $2,495,724 |
Total of all expenses incurred | 2019-12-31 | $1,626,716 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,574,934 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $765,869 |
Value of total assets at end of year | 2019-12-31 | $10,115,667 |
Value of total assets at beginning of year | 2019-12-31 | $9,246,659 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $51,782 |
Total interest from all sources | 2019-12-31 | $12,092 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $163,531 |
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 | $163,531 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $460,873 |
Administrative expenses (other) incurred | 2019-12-31 | $51,782 |
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 | $869,008 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $10,115,667 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $9,246,659 |
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 | $9,452,142 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $8,051,365 |
Interest earned on other investments | 2019-12-31 | $12,092 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $663,525 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $1,195,294 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,554,232 |
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 | Yes |
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 | $304,996 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,574,934 |
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 | 2019-12-31 | No |
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 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2019-12-31 | 823550477 |
2018 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2018 401k financial data |
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Total income from all sources (including contributions) | 2018-12-31 | $215,774 |
Total of all expenses incurred | 2018-12-31 | $695,529 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $645,817 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $767,407 |
Value of total assets at end of year | 2018-12-31 | $9,246,659 |
Value of total assets at beginning of year | 2018-12-31 | $9,726,414 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $49,712 |
Total interest from all sources | 2018-12-31 | $16,051 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $187,129 |
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 | $187,129 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $500,000 |
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 |
Contributions received from participants | 2018-12-31 | $457,062 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $13,862 |
Administrative expenses (other) incurred | 2018-12-31 | $49,712 |
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 | $-479,755 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $9,246,659 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $9,726,414 |
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 | $8,051,365 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $8,520,003 |
Interest earned on other investments | 2018-12-31 | $16,051 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $1,195,294 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $1,206,411 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-754,813 |
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 | $296,483 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $645,817 |
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 | 2018-12-31 | No |
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 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2018-12-31 | 823550477 |
2017 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2017 401k financial data |
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Total income from all sources (including contributions) | 2017-12-31 | $1,960,610 |
Total of all expenses incurred | 2017-12-31 | $575,955 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $532,394 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $761,457 |
Value of total assets at end of year | 2017-12-31 | $9,726,414 |
Value of total assets at beginning of year | 2017-12-31 | $8,341,759 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $43,561 |
Total interest from all sources | 2017-12-31 | $15,441 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $173,857 |
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 | $173,857 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $500,000 |
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 |
Contributions received from participants | 2017-12-31 | $419,820 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $47,151 |
Administrative expenses (other) incurred | 2017-12-31 | $43,561 |
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 | $1,384,655 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $9,726,414 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $8,341,759 |
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 | $8,520,003 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $7,179,722 |
Interest earned on other investments | 2017-12-31 | $15,441 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $1,206,411 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $1,162,037 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,009,855 |
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 | $294,486 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $532,394 |
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 | 2017-12-31 | No |
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 | BARDON & BRACKMAN CPA'S |
Accountancy firm EIN | 2017-12-31 | 823550477 |
2016 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2016 401k financial data |
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Total income from all sources (including contributions) | 2016-12-31 | $1,225,504 |
Total of all expenses incurred | 2016-12-31 | $583,443 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $543,399 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $698,080 |
Value of total assets at end of year | 2016-12-31 | $8,341,759 |
Value of total assets at beginning of year | 2016-12-31 | $7,699,698 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $40,044 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $113,054 |
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 | $113,054 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $500,000 |
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 |
Contributions received from participants | 2016-12-31 | $402,106 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $13,109 |
Other income not declared elsewhere | 2016-12-31 | $15,165 |
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 | $642,061 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $8,341,759 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $7,699,698 |
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 | $7,179,722 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $0 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $6,660,933 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $1,162,037 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $1,038,765 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $399,657 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $-452 |
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 | $282,865 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $543,399 |
Contract administrator fees | 2016-12-31 | $40,044 |
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 | GARY BARDON CPA INC |
Accountancy firm EIN | 2016-12-31 | 311257158 |
2015 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2015 401k financial data |
---|
Total income from all sources (including contributions) | 2015-12-31 | $680,235 |
Total of all expenses incurred | 2015-12-31 | $296,220 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $272,353 |
Value of total corrective distributions | 2015-12-31 | $340 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $818,016 |
Value of total assets at end of year | 2015-12-31 | $7,699,698 |
Value of total assets at beginning of year | 2015-12-31 | $7,315,683 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $23,527 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $500,000 |
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 |
Contributions received from participants | 2015-12-31 | $367,233 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $179,183 |
Other income not declared elsewhere | 2015-12-31 | $10,740 |
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 | $384,015 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $7,699,698 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $7,315,683 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $6,660,933 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $6,590,528 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $1,038,765 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $725,155 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-148,521 |
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 | $271,600 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $272,353 |
Contract administrator fees | 2015-12-31 | $23,527 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
Accountancy firm name | 2015-12-31 | GARY BARDON CPA INC |
Accountancy firm EIN | 2015-12-31 | 311257158 |
2014 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2014 401k financial data |
---|
Total income from all sources (including contributions) | 2014-12-31 | $964,805 |
Total of all expenses incurred | 2014-12-31 | $515,738 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $494,692 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $595,008 |
Value of total assets at end of year | 2014-12-31 | $7,315,683 |
Value of total assets at beginning of year | 2014-12-31 | $6,866,616 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $21,046 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $500,000 |
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 |
Contributions received from participants | 2014-12-31 | $343,108 |
Participant contributions at beginning of year | 2014-12-31 | $12,730 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $876 |
Other income not declared elsewhere | 2014-12-31 | $10,239 |
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 | $449,067 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $7,315,683 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $6,866,616 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2014-12-31 | $6,590,528 |
Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $6,016,868 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $725,155 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $827,007 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $359,558 |
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 | $251,024 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $10,011 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $494,692 |
Contract administrator fees | 2014-12-31 | $21,046 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
Accountancy firm name | 2014-12-31 | GARY BARDON CPA INC |
Accountancy firm EIN | 2014-12-31 | 311257158 |
2013 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2013 401k financial data |
---|
Total income from all sources (including contributions) | 2013-12-31 | $1,701,904 |
Total of all expenses incurred | 2013-12-31 | $511,665 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $489,017 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $606,564 |
Value of total assets at end of year | 2013-12-31 | $6,866,616 |
Value of total assets at beginning of year | 2013-12-31 | $5,676,377 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $22,648 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $500,000 |
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 |
Contributions received from participants | 2013-12-31 | $332,330 |
Participant contributions at end of year | 2013-12-31 | $12,730 |
Participant contributions at beginning of year | 2013-12-31 | $12,799 |
Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $24,646 |
Other income not declared elsewhere | 2013-12-31 | $13,186 |
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 | $1,190,239 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $6,866,616 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $5,676,377 |
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 |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2013-12-31 | $6,016,868 |
Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $4,572,226 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2013-12-31 | $827,007 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2013-12-31 | $1,081,469 |
Net investment gain/loss from pooled separate accounts | 2013-12-31 | $1,082,154 |
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 | $249,588 |
Employer contributions (assets) at end of year | 2013-12-31 | $10,011 |
Employer contributions (assets) at beginning of year | 2013-12-31 | $9,883 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $489,017 |
Contract administrator fees | 2013-12-31 | $22,648 |
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 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
Accountancy firm name | 2013-12-31 | GARY BARDON CPA INC |
Accountancy firm EIN | 2013-12-31 | 311257158 |
2012 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2012 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $0 |
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 | $1,141,876 |
Total loss/gain on sale of assets | 2012-12-31 | $0 |
Total of all expenses incurred | 2012-12-31 | $330,809 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $309,914 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $580,553 |
Value of total assets at end of year | 2012-12-31 | $5,676,377 |
Value of total assets at beginning of year | 2012-12-31 | $4,865,310 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $20,895 |
Total interest from all sources | 2012-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Contributions received from participants | 2012-12-31 | $328,695 |
Participant contributions at beginning of year | 2012-12-31 | $0 |
Participant contributions at end of year | 2012-12-31 | $12,799 |
Other income not declared elsewhere | 2012-12-31 | $18,352 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $811,067 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $5,676,377 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $4,865,310 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2012-12-31 | $4,572,226 |
Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $3,778,162 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2012-12-31 | $1,081,469 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2012-12-31 | $1,087,148 |
Net investment gain/loss from pooled separate accounts | 2012-12-31 | $542,971 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Contributions received in cash from employer | 2012-12-31 | $251,858 |
Employer contributions (assets) at end of year | 2012-12-31 | $9,883 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $309,914 |
Contract administrator fees | 2012-12-31 | $20,895 |
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 | 2012-12-31 | No |
Did the plan have assets held for investment | 2012-12-31 | 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 | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
Accountancy firm name | 2012-12-31 | GARY BARDON CPA INC |
Accountancy firm EIN | 2012-12-31 | 311257158 |
2011 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2011 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $0 |
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 | $489,595 |
Total loss/gain on sale of assets | 2011-12-31 | $0 |
Total of all expenses incurred | 2011-12-31 | $344,168 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $324,920 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $618,103 |
Value of total assets at end of year | 2011-12-31 | $4,865,310 |
Value of total assets at beginning of year | 2011-12-31 | $4,719,883 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $19,248 |
Total interest from all sources | 2011-12-31 | $177 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $328,312 |
Participant contributions at end of year | 2011-12-31 | $0 |
Participant contributions at beginning of year | 2011-12-31 | $3,738 |
Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $56,498 |
Other income not declared elsewhere | 2011-12-31 | $22,916 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $145,427 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $4,865,310 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $4,719,883 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2011-12-31 | $3,778,162 |
Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $3,823,624 |
Interest on participant loans | 2011-12-31 | $177 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2011-12-31 | $1,087,148 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2011-12-31 | $892,521 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-151,601 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Contributions received in cash from employer | 2011-12-31 | $233,293 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $324,920 |
Contract administrator fees | 2011-12-31 | $19,248 |
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 | 2011-12-31 | No |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | GARY BARDON, CPA, INC |
Accountancy firm EIN | 2011-12-31 | 031257158 |
2010 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2010 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $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 | $1,008,816 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $195,442 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $178,448 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $558,036 |
Value of total assets at end of year | 2010-12-31 | $4,719,883 |
Value of total assets at beginning of year | 2010-12-31 | $3,906,509 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $16,994 |
Total interest from all sources | 2010-12-31 | $943 |
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 year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $314,316 |
Participant contributions at end of year | 2010-12-31 | $3,738 |
Participant contributions at beginning of year | 2010-12-31 | $16,067 |
Participant contributions at beginning of year | 2010-12-31 | $11,539 |
Other income not declared elsewhere | 2010-12-31 | $22,241 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $813,374 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $4,719,883 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $3,906,509 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2010-12-31 | $3,823,624 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $3,090,078 |
Interest on participant loans | 2010-12-31 | $943 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-12-31 | $892,521 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $779,946 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $427,596 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $243,720 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $8,879 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $178,448 |
Contract administrator fees | 2010-12-31 | $16,994 |
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 | 2010-12-31 | No |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | GARY BARDON, CPA, INC. |
Accountancy firm EIN | 2010-12-31 | 311257158 |
2009 : FIRST & FARMERS NATIONAL BANK, INC. 401(K) PLAN 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |