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SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan NameSUNCREST BANK 401 K PROFIT SHARING PLAN TRUST
Plan identification number 001

SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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.
  • 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

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

Company Name:SUNCREST BANK
Employer identification number (EIN):510647623
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about SUNCREST BANK

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C3045814

More information about SUNCREST BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST

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
0012019-01-01
0012019-01-01
0012018-01-01PHIL TISUE2019-10-11
0012017-01-01PHIL TISUE2018-10-11
0012017-01-01PHIL TISUE2019-10-11
0012016-01-01KAILEE WOODS2017-05-11
0012016-01-01KAILEE WOODS2017-05-08
0012015-01-01KAILEE WOODS2016-05-17
0012014-01-01CYNDY PAULUS2015-05-23
0012013-01-01CYNDY PAULUS2014-05-06
0012012-01-01SUNCREST BANK2013-06-27
0012011-01-01SUNCREST BANK2012-07-27

Plan Statistics for SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2022: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2022 401k membership
Total participants, beginning-of-year2022-01-01155
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2021 401k membership
Total participants, beginning-of-year2021-01-01143
Total number of active participants reported on line 7a of the Form 55002021-01-01113
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-0139
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 balances2021-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012
2020: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-01115
Total number of active participants reported on line 7a of the Form 55002020-01-01133
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-016
Total of all active and inactive participants2020-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01140
Number of participants with account balances2020-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2019 401k membership
Total participants, beginning-of-year2019-01-01127
Total number of active participants reported on line 7a of the Form 55002019-01-01130
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0114
Total of all active and inactive participants2019-01-01144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01144
Number of participants with account balances2019-01-01129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2022 : SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-09-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-09-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-09-30$0
Total income from all sources (including contributions)2022-09-30$-1,289,228
Total loss/gain on sale of assets2022-09-30$0
Total of all expenses incurred2022-09-30$9,104,132
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-09-30$8,947,563
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-09-30$180,634
Value of total assets at end of year2022-09-30$0
Value of total assets at beginning of year2022-09-30$10,393,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-09-30$156,569
Total interest from all sources2022-09-30$556
Total dividends received (eg from common stock, registered investment company shares)2022-09-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-09-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-09-30$0
Was this plan covered by a fidelity bond2022-09-30Yes
Value of fidelity bond cover2022-09-30$500,000
If this is an individual account plan, was there a blackout period2022-09-30No
Were there any nonexempt tranactions with any party-in-interest2022-09-30No
Contributions received from participants2022-09-30$142,262
Participant contributions at end of year2022-09-30$0
Participant contributions at beginning of year2022-09-30$264,557
Participant contributions at end of year2022-09-30$0
Participant contributions at beginning of year2022-09-30$23,324
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Value of net income/loss2022-09-30$-10,393,360
Value of net assets at end of year (total assets less liabilities)2022-09-30$0
Value of net assets at beginning of year (total assets less liabilities)2022-09-30$10,393,360
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-09-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-09-30No
Were any leases to which the plan was party in default or uncollectible2022-09-30No
Investment advisory and management fees2022-09-30$156,569
Value of interest in pooled separate accounts at end of year2022-09-30$0
Value of interest in pooled separate accounts at beginning of year2022-09-30$9,421,726
Interest on participant loans2022-09-30$556
Value of interest in common/collective trusts at end of year2022-09-30$0
Value of interest in common/collective trusts at beginning of year2022-09-30$670,545
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-09-30$-1,470,418
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-09-30No
Was there a failure to transmit to the plan any participant contributions2022-09-30No
Has the plan failed to provide any benefit when due under the plan2022-09-30No
Contributions received in cash from employer2022-09-30$38,372
Employer contributions (assets) at end of year2022-09-30$0
Employer contributions (assets) at beginning of year2022-09-30$13,208
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-09-30$8,947,563
Did the plan have assets held for investment2022-09-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-09-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-09-30Yes
Opinion of an independent qualified public accountant for this plan2022-09-30Unqualified
Accountancy firm name2022-09-30PLANCHEC(K) CPA'S LLC
Accountancy firm EIN2022-09-30842614035
2021 : SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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$2,606,815
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$448,184
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$434,684
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,434,759
Value of total assets at end of year2021-12-31$10,393,360
Value of total assets at beginning of year2021-12-31$8,234,729
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$13,500
Total interest from all sources2021-12-31$11,593
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
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$785,150
Participant contributions at end of year2021-12-31$264,557
Participant contributions at beginning of year2021-12-31$223,659
Participant contributions at end of year2021-12-31$23,324
Participant contributions at beginning of year2021-12-31$30,037
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$197,628
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$2,158,631
Value of net assets at end of year (total assets less liabilities)2021-12-31$10,393,360
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$8,234,729
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
Investment advisory and management fees2021-12-31$13,500
Value of interest in pooled separate accounts at end of year2021-12-31$9,421,726
Value of interest in pooled separate accounts at beginning of year2021-12-31$7,468,106
Interest on participant loans2021-12-31$11,593
Value of interest in common/collective trusts at end of year2021-12-31$670,545
Value of interest in common/collective trusts at beginning of year2021-12-31$497,450
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,160,463
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$451,981
Employer contributions (assets) at end of year2021-12-31$13,208
Employer contributions (assets) at beginning of year2021-12-31$15,477
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$434,684
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 name2021-12-31PLANCHEC(K) CPA'S LLC
Accountancy firm EIN2021-12-31842614035
2020 : SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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$3,009,218
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$362,245
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$353,500
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,884,628
Value of total assets at end of year2020-12-31$8,234,729
Value of total assets at beginning of year2020-12-31$5,587,756
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$8,745
Total interest from all sources2020-12-31$11,705
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
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$778,400
Participant contributions at end of year2020-12-31$223,659
Participant contributions at beginning of year2020-12-31$150,093
Participant contributions at end of year2020-12-31$30,037
Participant contributions at beginning of year2020-12-31$29,363
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$664,632
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$2,646,973
Value of net assets at end of year (total assets less liabilities)2020-12-31$8,234,729
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,587,756
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
Investment advisory and management fees2020-12-31$8,745
Value of interest in pooled separate accounts at end of year2020-12-31$7,468,106
Value of interest in pooled separate accounts at beginning of year2020-12-31$5,042,760
Interest on participant loans2020-12-31$10,388
Value of interest in common/collective trusts at end of year2020-12-31$497,450
Value of interest in common/collective trusts at beginning of year2020-12-31$351,791
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1,317
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,112,885
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$441,596
Employer contributions (assets) at end of year2020-12-31$15,477
Employer contributions (assets) at beginning of year2020-12-31$13,749
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$353,500
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 name2020-12-31PLANCHEC(K) CPA'S LLC
Accountancy firm EIN2020-12-31842614035
2019 : SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,045,877
Total income from all sources (including contributions)2019-12-31$2,045,877
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$545,082
Total of all expenses incurred2019-12-31$545,082
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$534,616
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$534,616
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,142,128
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,142,128
Value of total assets at end of year2019-12-31$5,587,756
Value of total assets at end of year2019-12-31$5,587,756
Value of total assets at beginning of year2019-12-31$4,086,961
Value of total assets at beginning of year2019-12-31$4,086,961
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$10,466
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$10,466
Total interest from all sources2019-12-31$6,873
Total interest from all sources2019-12-31$6,873
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
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$500,000
Value of fidelity bond cover2019-12-31$500,000
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$717,790
Contributions received from participants2019-12-31$717,790
Participant contributions at end of year2019-12-31$150,093
Participant contributions at end of year2019-12-31$150,093
Participant contributions at beginning of year2019-12-31$90,142
Participant contributions at beginning of year2019-12-31$90,142
Participant contributions at end of year2019-12-31$29,363
Participant contributions at end of year2019-12-31$29,363
Participant contributions at beginning of year2019-12-31$27,651
Participant contributions at beginning of year2019-12-31$27,651
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$104,790
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$104,790
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$1,500,795
Value of net income/loss2019-12-31$1,500,795
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,587,756
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,587,756
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,086,961
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,086,961
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
Investment advisory and management fees2019-12-31$4,164
Investment advisory and management fees2019-12-31$4,164
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,042,760
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,042,760
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,957,241
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,957,241
Interest on participant loans2019-12-31$6,873
Interest on participant loans2019-12-31$6,873
Value of interest in common/collective trusts at end of year2019-12-31$351,791
Value of interest in common/collective trusts at end of year2019-12-31$351,791
Value of interest in common/collective trusts at beginning of year2019-12-31$410,609
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$896,876
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$896,876
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$319,548
Contributions received in cash from employer2019-12-31$319,548
Employer contributions (assets) at end of year2019-12-31$13,749
Employer contributions (assets) at end of year2019-12-31$13,749
Employer contributions (assets) at beginning of year2019-12-31$11,927
Employer contributions (assets) at beginning of year2019-12-31$11,927
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$534,616
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$534,616
Contract administrator fees2019-12-31$6,302
Contract administrator fees2019-12-31$6,302
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 name2019-12-31COULTER & JUSTUS
Accountancy firm name2019-12-31COULTER & JUSTUS
Accountancy firm EIN2019-12-31621532536
Accountancy firm EIN2019-12-31621532536
2010 : SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$17,490
Expenses. Total of all expenses incurred2010-12-31$549
Benefits paid (including direct rollovers)2010-12-31$509
Total plan assets at end of year2010-12-31$66,434
Total plan assets at beginning of year2010-12-31$49,493
Value of fidelity bond covering the plan2010-12-31$0
Total contributions received or receivable from participants2010-12-31$21,425
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$-3,935
Net income (gross income less expenses)2010-12-31$16,941
Net plan assets at end of year (total assets less liabilities)2010-12-31$66,434
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$49,493
Assets. Value of participant loans2010-12-31$4,633
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$40
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0

Form 5500 Responses for SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST

2022: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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 filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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 - TrustYes
2021: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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 - TrustYes
2020: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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 - TrustYes
2019: SUNCREST BANK 401 K PROFIT SHARING PLAN TRUST 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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number436-89697
Policy instance 1
Insurance contract or identification number436-89697
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-09-30
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?Yes
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
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number436-89697
Policy instance 1
Insurance contract or identification number436-89697
Number of Individuals Covered135
Insurance policy start date2021-01-01
Insurance policy end date2021-12-30
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?Yes
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
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number436-89697
Policy instance 1
Insurance contract or identification number436-89697
Number of Individuals Covered115
Insurance policy start date2020-01-01
Insurance policy end date2020-12-30
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

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