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SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameSOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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).
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

SOUTH ATLANTIC BANK has sponsored the creation of one or more 401k plans.

Company Name:SOUTH ATLANTIC BANK
Employer identification number (EIN):261366826
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01RICHARD BURCH
0012016-01-01RICHARD BURCH
0012015-01-01RICHARD BURCH
0012014-01-01RICHARD BURCH
0012013-01-01RICHARD BURCH
0012012-01-01RICHARD BURCH
0012011-01-01RICHARD BURCH
0012010-01-01RICHARD BURCH
0012009-01-01RICHARD BURCH

Plan Statistics for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01155
Total number of active participants reported on line 7a of the Form 55002022-01-01142
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0115
Total of all active and inactive participants2022-01-01157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01157
Number of participants with account balances2022-01-01125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0110
2021: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01138
Total number of active participants reported on line 7a of the Form 55002021-01-01142
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0113
Total of all active and inactive participants2021-01-01155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01155
Number of participants with account balances2021-01-01117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017
2020: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01128
Total number of active participants reported on line 7a of the Form 55002020-01-01131
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-017
Total of all active and inactive participants2020-01-01138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01138
Number of participants with account balances2020-01-01138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01122
Total number of active participants reported on line 7a of the Form 55002019-01-01115
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0113
Total of all active and inactive participants2019-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01128
Number of participants with account balances2019-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0110
2018: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01105
Total number of active participants reported on line 7a of the Form 55002018-01-01112
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0110
Total of all active and inactive participants2018-01-01122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01122
Number of participants with account balances2018-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2017: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0183
Total number of active participants reported on line 7a of the Form 55002017-01-0192
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0113
Total of all active and inactive participants2017-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01105
Number of participants with account balances2017-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0181
Total number of active participants reported on line 7a of the Form 55002016-01-0171
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0112
Total of all active and inactive participants2016-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0183
Number of participants with account balances2016-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0166
Total number of active participants reported on line 7a of the Form 55002015-01-0172
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-019
Total of all active and inactive participants2015-01-0181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0181
Number of participants with account balances2015-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0155
Total number of active participants reported on line 7a of the Form 55002014-01-0162
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-014
Total of all active and inactive participants2014-01-0166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0166
Number of participants with account balances2014-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012
2013: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0144
Total number of active participants reported on line 7a of the Form 55002013-01-0152
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-013
Total of all active and inactive participants2013-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0155
Number of participants with account balances2013-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0136
Total number of active participants reported on line 7a of the Form 55002012-01-0142
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-012
Total of all active and inactive participants2012-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0144
Number of participants with account balances2012-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0134
Total number of active participants reported on line 7a of the Form 55002011-01-0134
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0136
Number of participants with account balances2011-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2010: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0133
Total number of active participants reported on line 7a of the Form 55002010-01-0133
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0134
Number of participants with account balances2010-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0129
Total number of active participants reported on line 7a of the Form 55002009-01-0132
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0133
Number of participants with account balances2009-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$37,299
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,256,904
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,770,600
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,765,637
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,609,636
Value of total assets at end of year2022-12-31$14,536,450
Value of total assets at beginning of year2022-12-31$18,526,655
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$4,963
Total interest from all sources2022-12-31$2,642
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$427,426
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$427,426
Administrative expenses professional fees incurred2022-12-31$4,153
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$861,547
Participant contributions at end of year2022-12-31$64,860
Participant contributions at beginning of year2022-12-31$73,952
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$25,202
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$52,786
Total non interest bearing cash at end of year2022-12-31$37,318
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,027,504
Value of net assets at end of year (total assets less liabilities)2022-12-31$14,499,151
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$18,526,655
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$10,668,843
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$14,337,451
Interest on participant loans2022-12-31$2,545
Interest earned on other investments2022-12-31$97
Value of interest in common/collective trusts at end of year2022-12-31$3,372,595
Value of interest in common/collective trusts at beginning of year2022-12-31$3,694,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,034
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$59
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$59
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-4,296,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$695,303
Employer contributions (assets) at end of year2022-12-31$391,800
Employer contributions (assets) at beginning of year2022-12-31$395,361
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,765,637
Contract administrator fees2022-12-31$810
Liabilities. Value of benefit claims payable at end of year2022-12-31$37,299
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ELLIOTT DAVIS
Accountancy firm EIN2022-12-31570381582
2021 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$4,483,600
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$322,002
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$318,916
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,820,198
Value of total assets at end of year2021-12-31$18,526,655
Value of total assets at beginning of year2021-12-31$14,365,057
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,086
Total interest from all sources2021-12-31$2,986
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,211,821
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,211,821
Administrative expenses professional fees incurred2021-12-31$2,816
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$819,936
Participant contributions at end of year2021-12-31$73,952
Participant contributions at beginning of year2021-12-31$52,482
Participant contributions at end of year2021-12-31$25,202
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$21,165
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$31,069
Administrative expenses (other) incurred2021-12-31$270
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$-9,823
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$4,161,598
Value of net assets at end of year (total assets less liabilities)2021-12-31$18,526,655
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$14,365,057
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$14,337,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$11,166,197
Interest on participant loans2021-12-31$2,986
Value of interest in common/collective trusts at end of year2021-12-31$3,694,630
Value of interest in common/collective trusts at beginning of year2021-12-31$3,094,239
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$59
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$61,962
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$61,962
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,448,595
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$979,097
Employer contributions (assets) at end of year2021-12-31$395,361
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$287,847
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ELLIOTT DAVIS
Accountancy firm EIN2021-12-31570381582
2020 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,426,133
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$195,143
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$193,371
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,448,960
Value of total assets at end of year2020-12-31$14,365,057
Value of total assets at beginning of year2020-12-31$11,134,067
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,772
Total interest from all sources2020-12-31$4,192
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$285,373
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$285,373
Administrative expenses professional fees incurred2020-12-31$1,502
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$820,001
Participant contributions at end of year2020-12-31$52,482
Participant contributions at beginning of year2020-12-31$92,422
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$40,099
Total non interest bearing cash at end of year2020-12-31$-9,823
Total non interest bearing cash at beginning of year2020-12-31$-3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$3,230,990
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,365,057
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,134,067
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$11,166,197
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$8,801,758
Interest on participant loans2020-12-31$4,192
Value of interest in common/collective trusts at end of year2020-12-31$3,094,239
Value of interest in common/collective trusts at beginning of year2020-12-31$2,239,700
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$61,962
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$190
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$190
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,687,608
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$588,860
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$193,371
Contract administrator fees2020-12-31$270
Liabilities. Value of benefit claims payable at end of year2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ELLIOTT DAVIS
Accountancy firm EIN2020-12-31570381582
2019 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$32,856
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$32,856
Total income from all sources (including contributions)2019-12-31$3,526,878
Total income from all sources (including contributions)2019-12-31$3,526,878
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$791,762
Total of all expenses incurred2019-12-31$791,762
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$789,180
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$789,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,437,043
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,437,043
Value of total assets at end of year2019-12-31$11,134,067
Value of total assets at end of year2019-12-31$11,134,067
Value of total assets at beginning of year2019-12-31$8,431,807
Value of total assets at beginning of year2019-12-31$8,431,807
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,582
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,582
Total interest from all sources2019-12-31$6,414
Total interest from all sources2019-12-31$6,414
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$222,204
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$222,204
Administrative expenses professional fees incurred2019-12-31$2,582
Administrative expenses professional fees incurred2019-12-31$2,582
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$707,029
Contributions received from participants2019-12-31$707,029
Participant contributions at end of year2019-12-31$92,422
Participant contributions at end of year2019-12-31$92,422
Participant contributions at beginning of year2019-12-31$131,578
Participant contributions at beginning of year2019-12-31$131,578
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$179,889
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$179,889
Total non interest bearing cash at end of year2019-12-31$-3
Total non interest bearing cash at end of year2019-12-31$-3
Total non interest bearing cash at beginning of year2019-12-31$32,856
Total non interest bearing cash at beginning of year2019-12-31$32,856
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,735,116
Value of net income/loss2019-12-31$2,735,116
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,134,067
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,134,067
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,398,951
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$8,398,951
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$8,801,758
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$8,801,758
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$6,626,122
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$6,626,122
Interest on participant loans2019-12-31$6,335
Interest on participant loans2019-12-31$6,335
Interest earned on other investments2019-12-31$57
Interest earned on other investments2019-12-31$57
Value of interest in common/collective trusts at end of year2019-12-31$2,239,700
Value of interest in common/collective trusts at end of year2019-12-31$2,239,700
Value of interest in common/collective trusts at beginning of year2019-12-31$1,641,095
Value of interest in common/collective trusts at beginning of year2019-12-31$1,641,095
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$190
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$190
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$156
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$156
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$156
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$156
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$22
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$22
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,861,217
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,861,217
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$550,125
Contributions received in cash from employer2019-12-31$550,125
Income. Dividends from common stock2019-12-31$222,204
Income. Dividends from common stock2019-12-31$222,204
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$789,180
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$789,180
Liabilities. Value of benefit claims payable at end of year2019-12-31$0
Liabilities. Value of benefit claims payable at end of year2019-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$32,856
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$32,856
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ELLIOTT DAVIS
Accountancy firm name2019-12-31ELLIOTT DAVIS
Accountancy firm EIN2019-12-31570381582
Accountancy firm EIN2019-12-31570381582
2018 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources2018-12-31$907,341
Expenses. Total of all expenses incurred2018-12-31$185,548
Benefits paid (including direct rollovers)2018-12-31$183,710
Total plan assets at end of year2018-12-31$8,398,951
Total plan assets at beginning of year2018-12-31$7,677,158
Value of fidelity bond covering the plan2018-12-31$1,000,000
Total contributions received or receivable from participants2018-12-31$619,967
Expenses. Other expenses not covered elsewhere2018-12-31$690
Contributions received from other sources (not participants or employers)2018-12-31$822,744
Other income received2018-12-31$-1,059,004
Net income (gross income less expenses)2018-12-31$721,793
Net plan assets at end of year (total assets less liabilities)2018-12-31$8,398,951
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$7,677,158
Assets. Value of participant loans2018-12-31$131,578
Assets. Value of employer securities2018-12-31$1,415,292
Total contributions received or receivable from employer(s)2018-12-31$523,634
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$1,148
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources2017-12-31$2,590,410
Expenses. Total of all expenses incurred2017-12-31$8,704
Benefits paid (including direct rollovers)2017-12-31$7,496
Total plan assets at end of year2017-12-31$7,677,158
Total plan assets at beginning of year2017-12-31$5,095,452
Value of fidelity bond covering the plan2017-12-31$1,000,000
Total contributions received or receivable from participants2017-12-31$485,138
Expenses. Other expenses not covered elsewhere2017-12-31$460
Contributions received from other sources (not participants or employers)2017-12-31$469,147
Other income received2017-12-31$1,162,601
Net income (gross income less expenses)2017-12-31$2,581,706
Net plan assets at end of year (total assets less liabilities)2017-12-31$7,677,158
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$5,095,452
Assets. Value of participant loans2017-12-31$79,227
Assets. Value of employer securities2017-12-31$1,760,306
Total contributions received or receivable from employer(s)2017-12-31$473,524
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$748
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources2016-12-31$1,306,281
Expenses. Total of all expenses incurred2016-12-31$15,107
Benefits paid (including direct rollovers)2016-12-31$14,242
Total plan assets at end of year2016-12-31$5,095,452
Total plan assets at beginning of year2016-12-31$3,804,278
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$392,595
Expenses. Other expenses not covered elsewhere2016-12-31$865
Contributions received from other sources (not participants or employers)2016-12-31$88,974
Other income received2016-12-31$681,337
Net income (gross income less expenses)2016-12-31$1,291,174
Net plan assets at end of year (total assets less liabilities)2016-12-31$5,095,452
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,804,278
Assets. Value of participant loans2016-12-31$7,995
Assets. Value of employer securities2016-12-31$1,209,248
Total contributions received or receivable from employer(s)2016-12-31$143,375
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$571,910
Expenses. Total of all expenses incurred2015-12-31$104,012
Benefits paid (including direct rollovers)2015-12-31$103,280
Total plan assets at end of year2015-12-31$3,804,278
Total plan assets at beginning of year2015-12-31$3,336,380
Value of fidelity bond covering the plan2015-12-31$1,000,000
Total contributions received or receivable from participants2015-12-31$348,700
Expenses. Other expenses not covered elsewhere2015-12-31$115
Contributions received from other sources (not participants or employers)2015-12-31$25
Other income received2015-12-31$96,021
Net income (gross income less expenses)2015-12-31$467,898
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,804,278
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,336,380
Assets. Value of participant loans2015-12-31$24,823
Assets. Value of employer securities2015-12-31$796,994
Total contributions received or receivable from employer(s)2015-12-31$127,164
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$617
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$1,027,234
Expenses. Total of all expenses incurred2014-12-31$191,454
Benefits paid (including direct rollovers)2014-12-31$189,355
Total plan assets at end of year2014-12-31$3,336,380
Total plan assets at beginning of year2014-12-31$2,500,600
Value of fidelity bond covering the plan2014-12-31$1,000,000
Total contributions received or receivable from participants2014-12-31$298,185
Expenses. Other expenses not covered elsewhere2014-12-31$165
Contributions received from other sources (not participants or employers)2014-12-31$354,925
Other income received2014-12-31$212,987
Net income (gross income less expenses)2014-12-31$835,780
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,336,380
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,500,600
Assets. Value of participant loans2014-12-31$40,765
Assets. Value of employer securities2014-12-31$699,490
Total contributions received or receivable from employer(s)2014-12-31$161,137
Value of corrective distributions2014-12-31$1,094
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$840
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources2013-12-31$818,217
Expenses. Total of all expenses incurred2013-12-31$20,743
Benefits paid (including direct rollovers)2013-12-31$12,871
Total plan assets at end of year2013-12-31$2,500,600
Total plan assets at beginning of year2013-12-31$1,703,126
Value of fidelity bond covering the plan2013-12-31$1,000,000
Total contributions received or receivable from participants2013-12-31$222,321
Expenses. Other expenses not covered elsewhere2013-12-31$90
Other income received2013-12-31$471,161
Net income (gross income less expenses)2013-12-31$797,474
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,500,600
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,703,126
Assets. Value of participant loans2013-12-31$67,732
Total contributions received or receivable from employer(s)2013-12-31$124,735
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$7,782
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources2012-12-31$502,470
Expenses. Total of all expenses incurred2012-12-31$16,689
Benefits paid (including direct rollovers)2012-12-31$14,369
Total plan assets at end of year2012-12-31$1,703,126
Total plan assets at beginning of year2012-12-31$1,217,345
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$187,866
Contributions received from other sources (not participants or employers)2012-12-31$6,696
Other income received2012-12-31$196,769
Net income (gross income less expenses)2012-12-31$485,781
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,703,126
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,217,345
Assets. Value of participant loans2012-12-31$58,033
Total contributions received or receivable from employer(s)2012-12-31$111,139
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$2,320
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources2011-12-31$241,576
Expenses. Total of all expenses incurred2011-12-31$2,255
Total plan assets at end of year2011-12-31$1,217,345
Total plan assets at beginning of year2011-12-31$978,024
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$169,852
Contributions received from other sources (not participants or employers)2011-12-31$7,306
Other income received2011-12-31$-34,905
Net income (gross income less expenses)2011-12-31$239,321
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,217,345
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$978,024
Assets. Value of participant loans2011-12-31$51,318
Total contributions received or receivable from employer(s)2011-12-31$99,323
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,255
2010 : SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources2010-12-31$441,050
Expenses. Total of all expenses incurred2010-12-31$14,647
Benefits paid (including direct rollovers)2010-12-31$12,702
Total plan assets at end of year2010-12-31$978,024
Total plan assets at beginning of year2010-12-31$551,621
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$168,398
Contributions received from other sources (not participants or employers)2010-12-31$56,018
Other income received2010-12-31$116,755
Net income (gross income less expenses)2010-12-31$426,403
Net plan assets at end of year (total assets less liabilities)2010-12-31$978,024
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$551,621
Assets. Value of participant loans2010-12-31$37,733
Total contributions received or receivable from employer(s)2010-12-31$99,879
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,945
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : SOUTH ATLANTIC BANK 401(K) 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 SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

2022: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 filingNo
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 – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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
2010: SOUTH ATLANTIC BANK 401(K) 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 funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: SOUTH ATLANTIC BANK 401(K) 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number63206
Policy instance 1
Insurance contract or identification number63206
Number of Individuals Covered7
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number63206
Policy instance 1
Insurance contract or identification number63206
Number of Individuals Covered5
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number63206
Policy instance 1
Insurance contract or identification number63206
Number of Individuals Covered6
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number63206
Policy instance 1
Insurance contract or identification number63206
Number of Individuals Covered4
Insurance policy start date2014-06-01
Insurance policy end date2014-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )
Policy contract number63206
Policy instance 1
Insurance contract or identification number63206
Number of Individuals Covered2
Insurance policy start date2013-06-01
Insurance policy end date2013-12-31
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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