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OLD LINE BANK 401(K) PLAN 401k Plan overview

Plan NameOLD LINE BANK 401(K) PLAN
Plan identification number 001

OLD LINE BANK 401(K) 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:OLD LINE BANK
Employer identification number (EIN):521602238
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about OLD LINE BANK

Jurisdiction of Incorporation: Maryland Secretary of State
Incorporation Date:
Company Identification Number: D06883144

More information about OLD LINE BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OLD LINE BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01CATHY COUGHLIN2020-10-14 CATHY COUGHLIN2020-10-14
0012019-01-01CATHY COUGHLIN2020-10-14 CATHY COUGHLIN2020-10-14
0012018-01-01CATHY COUGHLIN2019-10-11 CATHY COUGHLIN2019-10-11
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01MAGGIE HOEFLEIN
0012011-01-01MAGGIE HOEFLEIN2013-11-22
0012010-01-01CATHY COUGHLIN2011-04-09 JAMES CORNELSEN2011-04-09

Plan Statistics for OLD LINE BANK 401(K) PLAN

401k plan membership statisitcs for OLD LINE BANK 401(K) PLAN

Measure Date Value
2020: OLD LINE BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01494
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: OLD LINE BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01492
Total number of active participants reported on line 7a of the Form 55002019-01-01351
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01193
Total of all active and inactive participants2019-01-01544
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01544
Number of participants with account balances2019-01-01494
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: OLD LINE BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01376
Total number of active participants reported on line 7a of the Form 55002018-01-01362
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01183
Total of all active and inactive participants2018-01-01545
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01545
Number of participants with account balances2018-01-01507
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: OLD LINE BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01332
Total number of active participants reported on line 7a of the Form 55002017-01-01258
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01101
Total of all active and inactive participants2017-01-01359
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01359
Number of participants with account balances2017-01-01325
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: OLD LINE BANK 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01332
Total number of active participants reported on line 7a of the Form 55002016-01-01233
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0172
Total of all active and inactive participants2016-01-01305
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01305
Number of participants with account balances2016-01-01280
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: OLD LINE BANK 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01304
Total number of active participants reported on line 7a of the Form 55002015-01-01224
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0164
Total of all active and inactive participants2015-01-01288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01288
Number of participants with account balances2015-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: OLD LINE BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01319
Total number of active participants reported on line 7a of the Form 55002014-01-01221
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0182
Total of all active and inactive participants2014-01-01303
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01303
Number of participants with account balances2014-01-01256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: OLD LINE BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01291
Total number of active participants reported on line 7a of the Form 55002013-01-01244
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0165
Total of all active and inactive participants2013-01-01309
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01309
Number of participants with account balances2013-01-01270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: OLD LINE BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01290
Total number of active participants reported on line 7a of the Form 55002012-01-01183
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01110
Total of all active and inactive participants2012-01-01293
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01293
Number of participants with account balances2012-01-01257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on OLD LINE BANK 401(K) PLAN

Measure Date Value
2020 : OLD LINE BANK 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-06-15$-3,211,956
Total income from all sources (including contributions)2020-06-15$-3,211,956
Total loss/gain on sale of assets2020-06-15$-277,709
Total loss/gain on sale of assets2020-06-15$-277,709
Total of all expenses incurred2020-06-15$33,255,089
Total of all expenses incurred2020-06-15$33,255,089
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-06-15$33,198,496
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-06-15$33,198,496
Value of total assets at end of year2020-06-15$0
Value of total assets at end of year2020-06-15$0
Value of total assets at beginning of year2020-06-15$36,467,045
Value of total assets at beginning of year2020-06-15$36,467,045
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-06-15$56,593
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-06-15$56,593
Total interest from all sources2020-06-15$2,223
Total interest from all sources2020-06-15$2,223
Total dividends received (eg from common stock, registered investment company shares)2020-06-15$9,882
Total dividends received (eg from common stock, registered investment company shares)2020-06-15$9,882
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-06-15Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-06-15Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-06-15$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-06-15$0
Was this plan covered by a fidelity bond2020-06-15Yes
Was this plan covered by a fidelity bond2020-06-15Yes
Value of fidelity bond cover2020-06-15$1,000,000
Value of fidelity bond cover2020-06-15$1,000,000
If this is an individual account plan, was there a blackout period2020-06-15No
If this is an individual account plan, was there a blackout period2020-06-15No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-06-15$0
Were there any nonexempt tranactions with any party-in-interest2020-06-15No
Were there any nonexempt tranactions with any party-in-interest2020-06-15No
Participant contributions at end of year2020-06-15$0
Participant contributions at end of year2020-06-15$0
Participant contributions at beginning of year2020-06-15$515,636
Participant contributions at beginning of year2020-06-15$515,636
Administrative expenses (other) incurred2020-06-15$24,628
Administrative expenses (other) incurred2020-06-15$24,628
Total non interest bearing cash at end of year2020-06-15$0
Total non interest bearing cash at end of year2020-06-15$0
Total non interest bearing cash at beginning of year2020-06-15$29,337
Total non interest bearing cash at beginning of year2020-06-15$29,337
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-06-15No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-06-15No
Value of net income/loss2020-06-15$-36,467,045
Value of net income/loss2020-06-15$-36,467,045
Value of net assets at end of year (total assets less liabilities)2020-06-15$0
Value of net assets at end of year (total assets less liabilities)2020-06-15$0
Value of net assets at beginning of year (total assets less liabilities)2020-06-15$36,467,045
Value of net assets at beginning of year (total assets less liabilities)2020-06-15$36,467,045
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-06-15No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-06-15No
Were any loans by the plan or fixed income obligations due to the plan in default2020-06-15No
Were any loans by the plan or fixed income obligations due to the plan in default2020-06-15No
Were any leases to which the plan was party in default or uncollectible2020-06-15No
Were any leases to which the plan was party in default or uncollectible2020-06-15No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-06-15$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-06-15$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-06-15$35,269,745
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-06-15$35,269,745
Interest on participant loans2020-06-15$2,874
Interest on participant loans2020-06-15$2,874
Interest earned on other investments2020-06-15$-744
Interest earned on other investments2020-06-15$-744
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-06-15$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-06-15$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-06-15$24,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-06-15$24,446
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-06-15$24,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-06-15$24,446
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-06-15$93
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-06-15$93
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-06-15$-2,946,352
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-06-15$-2,946,352
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-06-15No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-06-15No
Was there a failure to transmit to the plan any participant contributions2020-06-15No
Was there a failure to transmit to the plan any participant contributions2020-06-15No
Has the plan failed to provide any benefit when due under the plan2020-06-15No
Has the plan failed to provide any benefit when due under the plan2020-06-15No
Assets. Invements in employer securities at beginning of year2020-06-15$627,881
Assets. Invements in employer securities at beginning of year2020-06-15$627,881
Income. Dividends from common stock2020-06-15$9,882
Income. Dividends from common stock2020-06-15$9,882
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-06-15$33,198,496
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-06-15$33,198,496
Contract administrator fees2020-06-15$31,965
Contract administrator fees2020-06-15$31,965
Did the plan have assets held for investment2020-06-15No
Did the plan have assets held for investment2020-06-15No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-06-15No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-06-15No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-06-15Yes
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-06-15Yes
Aggregate proceeds on sale of assets2020-06-15$-277,709
Aggregate proceeds on sale of assets2020-06-15$-277,709
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-06-15Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-06-15Yes
Opinion of an independent qualified public accountant for this plan2020-06-15Disclaimer
Opinion of an independent qualified public accountant for this plan2020-06-15Disclaimer
Accountancy firm name2020-06-15DIXON HUGHES GOODMAN LLP
Accountancy firm name2020-06-15DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2020-06-15560747981
Accountancy firm EIN2020-06-15560747981
2019 : OLD LINE BANK 401(K) PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$77,217
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$77,217
Total unrealized appreciation/depreciation of assets2019-12-31$77,217
Total unrealized appreciation/depreciation of assets2019-12-31$77,217
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$9,473,365
Total income from all sources (including contributions)2019-12-31$9,473,365
Total of all expenses incurred2019-12-31$3,937,678
Total of all expenses incurred2019-12-31$3,937,678
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,803,280
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,803,280
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,782,972
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,782,972
Value of total assets at end of year2019-12-31$36,467,045
Value of total assets at end of year2019-12-31$36,467,045
Value of total assets at beginning of year2019-12-31$30,931,358
Value of total assets at beginning of year2019-12-31$30,931,358
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$134,398
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$134,398
Total interest from all sources2019-12-31$30,052
Total interest from all sources2019-12-31$30,052
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$9,429
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$9,429
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
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$1,777,742
Contributions received from participants2019-12-31$1,777,742
Participant contributions at end of year2019-12-31$515,636
Participant contributions at end of year2019-12-31$515,636
Participant contributions at beginning of year2019-12-31$619,158
Participant contributions at beginning of year2019-12-31$619,158
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$172,878
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$172,878
Administrative expenses (other) incurred2019-12-31$17,050
Administrative expenses (other) incurred2019-12-31$17,050
Total non interest bearing cash at end of year2019-12-31$29,337
Total non interest bearing cash at end of year2019-12-31$29,337
Total non interest bearing cash at beginning of year2019-12-31$22,865
Total non interest bearing cash at beginning of year2019-12-31$22,865
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$5,535,687
Value of net income/loss2019-12-31$5,535,687
Value of net assets at end of year (total assets less liabilities)2019-12-31$36,467,045
Value of net assets at end of year (total assets less liabilities)2019-12-31$36,467,045
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$30,931,358
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$30,931,358
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$35,269,745
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$35,269,745
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$29,493,824
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$29,493,824
Interest on participant loans2019-12-31$29,693
Interest on participant loans2019-12-31$29,693
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$24,446
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$24,446
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$24,125
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$24,125
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$24,125
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$24,125
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$359
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$359
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,573,695
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,573,695
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain/loss from pooled separate accounts2019-12-31$0
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
Assets. Invements in employer securities at end of year2019-12-31$627,881
Assets. Invements in employer securities at end of year2019-12-31$627,881
Assets. Invements in employer securities at beginning of year2019-12-31$771,386
Assets. Invements in employer securities at beginning of year2019-12-31$771,386
Contributions received in cash from employer2019-12-31$832,352
Contributions received in cash from employer2019-12-31$832,352
Income. Dividends from common stock2019-12-31$9,429
Income. Dividends from common stock2019-12-31$9,429
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,803,280
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,803,280
Contract administrator fees2019-12-31$117,348
Contract administrator fees2019-12-31$117,348
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm name2019-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2019-12-31560747981
Accountancy firm EIN2019-12-31560747981
2018 : OLD LINE BANK 401(K) PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-76,403
Total unrealized appreciation/depreciation of assets2018-12-31$-76,403
Total transfer of assets to this plan2018-12-31$7,728,641
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$530,114
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,746,477
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,691,447
Value of total corrective distributions2018-12-31$1,437
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,838,779
Value of total assets at end of year2018-12-31$30,931,358
Value of total assets at beginning of year2018-12-31$25,419,080
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$53,593
Total interest from all sources2018-12-31$24,644
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$12,157
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,743,496
Participant contributions at end of year2018-12-31$619,158
Participant contributions at beginning of year2018-12-31$387,577
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$299,132
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$513
Other income not declared elsewhere2018-12-31$149
Administrative expenses (other) incurred2018-12-31$20,450
Total non interest bearing cash at end of year2018-12-31$22,865
Total non interest bearing cash at beginning of year2018-12-31$33,693
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-2,216,363
Value of net assets at end of year (total assets less liabilities)2018-12-31$30,931,358
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$25,419,080
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$29,493,824
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$24,002,754
Interest on participant loans2018-12-31$24,415
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$24,125
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$23,896
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$23,896
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$229
Net investment gain/loss from pooled separate accounts2018-12-31$-2,269,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$771,386
Assets. Invements in employer securities at beginning of year2018-12-31$970,019
Contributions received in cash from employer2018-12-31$796,151
Employer contributions (assets) at beginning of year2018-12-31$628
Income. Dividends from common stock2018-12-31$12,157
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,691,447
Contract administrator fees2018-12-31$33,143
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2018-12-31560747981
2017 : OLD LINE BANK 401(K) PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$179,901
Total unrealized appreciation/depreciation of assets2017-12-31$179,901
Total transfer of assets to this plan2017-12-31$4,725,724
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$5,254,918
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,461,431
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,442,315
Value of total corrective distributions2017-12-31$1,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,020,152
Value of total assets at end of year2017-12-31$25,419,080
Value of total assets at beginning of year2017-12-31$18,899,869
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$17,229
Total interest from all sources2017-12-31$13,826
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$10,544
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,338,311
Participant contributions at end of year2017-12-31$387,577
Participant contributions at beginning of year2017-12-31$298,063
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$72,148
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$513
Administrative expenses (other) incurred2017-12-31$15,077
Total non interest bearing cash at end of year2017-12-31$33,693
Total non interest bearing cash at beginning of year2017-12-31$30,381
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,793,487
Value of net assets at end of year (total assets less liabilities)2017-12-31$25,419,080
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$18,899,869
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$24,002,754
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$17,757,524
Interest on participant loans2017-12-31$13,698
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$23,896
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$23,768
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$23,768
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$128
Net investment gain/loss from pooled separate accounts2017-12-31$3,030,495
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$970,019
Assets. Invements in employer securities at beginning of year2017-12-31$790,117
Contributions received in cash from employer2017-12-31$609,693
Employer contributions (assets) at end of year2017-12-31$628
Employer contributions (assets) at beginning of year2017-12-31$16
Income. Dividends from common stock2017-12-31$10,544
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,442,315
Contract administrator fees2017-12-31$2,152
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2017-12-31560747981
2016 : OLD LINE BANK 401(K) PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$240,810
Total unrealized appreciation/depreciation of assets2016-12-31$240,810
Total transfer of assets to this plan2016-12-31$2,762,524
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$3,930,669
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$3,325,720
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,315,091
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,922,893
Value of total assets at end of year2016-12-31$18,899,869
Value of total assets at beginning of year2016-12-31$15,532,396
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$10,629
Total interest from all sources2016-12-31$13,549
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$11,560
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,258,645
Participant contributions at end of year2016-12-31$298,063
Participant contributions at beginning of year2016-12-31$339,641
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$76,724
Administrative expenses (other) incurred2016-12-31$9,545
Total non interest bearing cash at end of year2016-12-31$30,381
Total non interest bearing cash at beginning of year2016-12-31$29,275
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$604,949
Value of net assets at end of year (total assets less liabilities)2016-12-31$18,899,869
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$15,532,396
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$17,757,524
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$13,876,532
Interest on participant loans2016-12-31$13,360
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$23,768
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$23,579
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$23,579
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$189
Net investment gain/loss from pooled separate accounts2016-12-31$1,741,857
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$790,117
Assets. Invements in employer securities at beginning of year2016-12-31$1,263,353
Contributions received in cash from employer2016-12-31$587,524
Employer contributions (assets) at end of year2016-12-31$16
Employer contributions (assets) at beginning of year2016-12-31$16
Income. Dividends from common stock2016-12-31$11,560
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,315,091
Contract administrator fees2016-12-31$1,084
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2016-12-31560747981
2015 : OLD LINE BANK 401(K) PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$145,098
Total unrealized appreciation/depreciation of assets2015-12-31$145,098
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,590,188
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$2,272,673
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,257,089
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,711,883
Value of total assets at end of year2015-12-31$15,532,396
Value of total assets at beginning of year2015-12-31$16,214,881
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$15,584
Total interest from all sources2015-12-31$12,592
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$18,045
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$14,376
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,050,440
Participant contributions at end of year2015-12-31$339,641
Participant contributions at beginning of year2015-12-31$251,137
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$167,100
Administrative expenses (other) incurred2015-12-31$42
Total non interest bearing cash at end of year2015-12-31$29,275
Total non interest bearing cash at beginning of year2015-12-31$25,978
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-682,485
Value of net assets at end of year (total assets less liabilities)2015-12-31$15,532,396
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$16,214,881
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$13,876,532
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$14,458,813
Interest on participant loans2015-12-31$12,543
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$23,579
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$23,529
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$23,529
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$49
Net investment gain/loss from pooled separate accounts2015-12-31$-297,430
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$1,263,353
Assets. Invements in employer securities at beginning of year2015-12-31$1,455,424
Contributions received in cash from employer2015-12-31$494,343
Employer contributions (assets) at end of year2015-12-31$16
Income. Dividends from common stock2015-12-31$18,045
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,257,089
Contract administrator fees2015-12-31$1,166
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2015-12-31560747981
2014 : OLD LINE BANK 401(K) PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$126,752
Total unrealized appreciation/depreciation of assets2014-12-31$126,752
Total transfer of assets to this plan2014-12-31$143,907
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,411,374
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,666,945
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,646,825
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,533,722
Value of total assets at end of year2014-12-31$16,214,881
Value of total assets at beginning of year2014-12-31$16,326,545
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$20,120
Total interest from all sources2014-12-31$7,450
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$17,808
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$18,805
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$986,314
Participant contributions at end of year2014-12-31$251,137
Participant contributions at beginning of year2014-12-31$54,184
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$73,920
Administrative expenses (other) incurred2014-12-31$51
Total non interest bearing cash at end of year2014-12-31$25,978
Total non interest bearing cash at beginning of year2014-12-31$4,163,422
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-255,571
Value of net assets at end of year (total assets less liabilities)2014-12-31$16,214,881
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$16,326,545
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$14,458,813
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$10,643,712
Interest on participant loans2014-12-31$7,403
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$23,529
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$27,001
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$27,001
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$47
Net investment gain/loss from pooled separate accounts2014-12-31$725,642
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$1,455,424
Assets. Invements in employer securities at beginning of year2014-12-31$1,434,543
Contributions received in cash from employer2014-12-31$473,488
Employer contributions (assets) at beginning of year2014-12-31$3,683
Income. Dividends from common stock2014-12-31$17,808
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,646,825
Contract administrator fees2014-12-31$1,264
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2014-12-31560747981
2013 : OLD LINE BANK 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$401,510
Total unrealized appreciation/depreciation of assets2013-12-31$401,510
Total transfer of assets to this plan2013-12-31$4,125,746
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$2,454,107
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,740,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,727,130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$919,697
Value of total assets at end of year2013-12-31$16,326,545
Value of total assets at beginning of year2013-12-31$11,487,428
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$13,606
Total interest from all sources2013-12-31$3,329
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$20,789
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$12,780
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$740,773
Participant contributions at end of year2013-12-31$54,184
Participant contributions at beginning of year2013-12-31$109,039
Participant contributions at beginning of year2013-12-31$36
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$66,052
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$54,405
Other income not declared elsewhere2013-12-31$44
Administrative expenses (other) incurred2013-12-31$826
Total non interest bearing cash at end of year2013-12-31$4,163,422
Total non interest bearing cash at beginning of year2013-12-31$404,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$713,371
Value of net assets at end of year (total assets less liabilities)2013-12-31$16,326,545
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$11,487,428
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$10,643,712
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$9,200,071
Interest on participant loans2013-12-31$3,234
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$27,001
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$26,906
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$26,906
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$95
Net investment gain/loss from pooled separate accounts2013-12-31$1,108,738
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$1,434,543
Assets. Invements in employer securities at beginning of year2013-12-31$1,680,663
Contributions received in cash from employer2013-12-31$124,519
Employer contributions (assets) at end of year2013-12-31$3,683
Employer contributions (assets) at beginning of year2013-12-31$36
Income. Dividends from common stock2013-12-31$20,789
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,727,130
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2013-12-31560747981
2012 : OLD LINE BANK 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$648,324
Total unrealized appreciation/depreciation of assets2012-12-31$648,324
Total transfer of assets to this plan2012-12-31$235,339
Total transfer of assets from this plan2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$5,887
Total income from all sources (including contributions)2012-12-31$2,800,263
Total of all expenses incurred2012-12-31$1,251,213
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,224,064
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,035,539
Value of total assets at end of year2012-12-31$11,487,428
Value of total assets at beginning of year2012-12-31$9,708,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$27,149
Total interest from all sources2012-12-31$29,379
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$31,669
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$25,299
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$678,986
Participant contributions at end of year2012-12-31$109,039
Participant contributions at beginning of year2012-12-31$173,194
Participant contributions at end of year2012-12-31$36
Assets. Other investments not covered elsewhere at end of year2012-12-31$66,052
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$3,587,731
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$51,608
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$5,887
Other income not declared elsewhere2012-12-31$249
Administrative expenses (other) incurred2012-12-31$15
Total non interest bearing cash at end of year2012-12-31$404,625
Total non interest bearing cash at beginning of year2012-12-31$23,201
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,549,050
Value of net assets at end of year (total assets less liabilities)2012-12-31$11,487,428
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$9,703,039
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$9,200,071
Value of interest in pooled separate accounts at beginning of year2012-12-31$2,338,117
Interest on participant loans2012-12-31$6,590
Interest earned on other investments2012-12-31$22,644
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$26,906
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$28,761
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$28,761
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$145
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,845,736
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,055,103
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$1,680,663
Assets. Invements in employer securities at beginning of year2012-12-31$1,712,186
Contributions received in cash from employer2012-12-31$304,945
Employer contributions (assets) at end of year2012-12-31$36
Income. Dividends from common stock2012-12-31$31,669
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,224,064
Contract administrator fees2012-12-31$1,835
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31A. BROWN & ASSOCIATES, LLC
Accountancy firm EIN2012-12-31200380849

Form 5500 Responses for OLD LINE BANK 401(K) PLAN

2020: OLD LINE BANK 401(K) 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 filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
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: OLD LINE BANK 401(K) 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 - TrustYes
2018: OLD LINE BANK 401(K) 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 - TrustYes
2017: OLD LINE BANK 401(K) 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 - TrustYes
2016: OLD LINE BANK 401(K) 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 - TrustYes
2015: OLD LINE BANK 401(K) 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 - TrustYes
2014: OLD LINE BANK 401(K) 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 - TrustYes
2013: OLD LINE BANK 401(K) 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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: OLD LINE BANK 401(K) 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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered0
Insurance policy start date2020-01-01
Insurance policy end date2020-05-18
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $28,708
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees28708
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered543
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $33,647
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees33647
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered524
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $39,132
Total amount of fees paid to insurance companyUSD $54,590
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $39,132
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered493
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $49,208
Total amount of fees paid to insurance companyUSD $37,785
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $49,208
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameDUNCAN ACCOUNTING & TAX SERVICES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered252
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $36,666
Total amount of fees paid to insurance companyUSD $21,441
Commission paid to Insurance BrokerUSD $36,666
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameDUNCAN ACCOUNTING & TAX SERVICES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered303
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $76,696
Total amount of fees paid to insurance companyUSD $26,203
Commission paid to Insurance BrokerUSD $64,546
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameCAMBRIDGE INVESTMENT REASEARCH, INC
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 1
Insurance contract or identification number103601
Number of Individuals Covered189
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $22,621
Total amount of fees paid to insurance companyUSD $18,281
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $22,621
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameDUNCAN ACCOUNTING & TAX SERVICES
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number888882
Policy instance 3
Insurance contract or identification number888882
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-01-03
Total amount of commissions paid to insurance brokerUSD $872
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $872
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameFINANCIAL TELESIS, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number103601
Policy instance 2
Insurance contract or identification number103601
Number of Individuals Covered330
Insurance policy start date2012-01-05
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $88,910
Total amount of fees paid to insurance companyUSD $32,101
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $88,910
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameDUNCAN ACCOUNTING & TAX SERVICES
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number182-82531
Policy instance 1
Insurance contract or identification number182-82531
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $24
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $24
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
Insurance broker nameFINANCIAL TELESIS INC.

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