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YADKIN BANK 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameYADKIN BANK 401(K) RETIREMENT PLAN
Plan identification number 001

YADKIN BANK 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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.

401k Sponsoring company profile

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

Company Name:YADKIN BANK
Employer identification number (EIN):560905827
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan YADKIN BANK 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01LAURA BLALOCK LAURA BLALOCK2016-07-05
0012014-01-012015-07-17
0012014-01-01LAURA N. BLALOCK LAURA N. BLALOCK2015-07-17
0012014-01-01TERRY EARLEY
0012013-01-01LAURA BLALOCK LAURA BLALOCK2014-10-08
0012012-01-01LAURA N. BLALOCK LAURA N. BLALOCK2013-07-12
0012011-01-01JAN H. HOLLAR
0012010-01-01JAN H. HOLLAR
0012009-01-01JAN H. HOLLAR JAN H. HOLLAR2010-07-09

Plan Statistics for YADKIN BANK 401(K) RETIREMENT PLAN

401k plan membership statisitcs for YADKIN BANK 401(K) RETIREMENT PLAN

Measure Date Value
2015: YADKIN BANK 401(K) RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01694
Total number of active participants reported on line 7a of the Form 55002015-01-011,173
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01129
Total of all active and inactive participants2015-01-011,302
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-011,303
Number of participants with account balances2015-01-011,034
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0150
2014: YADKIN BANK 401(K) RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01641
Total number of active participants reported on line 7a of the Form 55002014-01-01568
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01125
Total of all active and inactive participants2014-01-01693
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01693
Number of participants with account balances2014-01-01583
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0119
2013: YADKIN BANK 401(K) RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01595
Total number of active participants reported on line 7a of the Form 55002013-01-01538
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01103
Total of all active and inactive participants2013-01-01641
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01641
Number of participants with account balances2013-01-01549
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-017
2012: YADKIN BANK 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01556
Total number of active participants reported on line 7a of the Form 55002012-01-01498
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0197
Total of all active and inactive participants2012-01-01595
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01595
Number of participants with account balances2012-01-01499
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-013
2011: YADKIN BANK 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01578
Total number of active participants reported on line 7a of the Form 55002011-01-01441
Number of retired or separated participants receiving benefits2011-01-014
Number of other retired or separated participants entitled to future benefits2011-01-01109
Total of all active and inactive participants2011-01-01554
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01554
Number of participants with account balances2011-01-01504
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0151
2010: YADKIN BANK 401(K) RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01565
Total number of active participants reported on line 7a of the Form 55002010-01-01499
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0178
Total of all active and inactive participants2010-01-01577
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01578
Number of participants with account balances2010-01-01548
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0137
2009: YADKIN BANK 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01499
Total number of active participants reported on line 7a of the Form 55002009-01-01524
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0178
Total of all active and inactive participants2009-01-01602
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01603
Number of participants with account balances2009-01-01521
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on YADKIN BANK 401(K) RETIREMENT PLAN

Measure Date Value
2015 : YADKIN BANK 401(K) RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$91,313
Total unrealized appreciation/depreciation of assets2015-12-31$91,313
Total transfer of assets to this plan2015-12-31$11,867,724
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$4,718,181
Total loss/gain on sale of assets2015-12-31$937
Total of all expenses incurred2015-12-31$5,591,692
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$5,490,697
Expenses. Certain deemed distributions of participant loans2015-12-31$-194
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,844,848
Value of total assets at end of year2015-12-31$33,594,545
Value of total assets at beginning of year2015-12-31$22,600,332
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$101,189
Total interest from all sources2015-12-31$34,624
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$450,245
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$450,245
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
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$2,957,230
Participant contributions at end of year2015-12-31$963,905
Participant contributions at beginning of year2015-12-31$630,678
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$265,655
Other income not declared elsewhere2015-12-31$18,512
Administrative expenses (other) incurred2015-12-31$101,189
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-873,511
Value of net assets at end of year (total assets less liabilities)2015-12-31$33,594,545
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$22,600,332
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$29,718,538
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$18,446,795
Interest on participant loans2015-12-31$34,624
Value of interest in common/collective trusts at end of year2015-12-31$2,500,556
Value of interest in common/collective trusts at beginning of year2015-12-31$3,238,617
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-765,383
Net investment gain or loss from common/collective trusts2015-12-31$43,085
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 contributions2015-12-31Yes
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$411,546
Assets. Invements in employer securities at beginning of year2015-12-31$284,242
Contributions received in cash from employer2015-12-31$1,621,963
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$5,490,697
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
Aggregate proceeds on sale of assets2015-12-31$43,642
Aggregate carrying amount (costs) on sale of assets2015-12-31$42,705
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2015-12-31560747981
2014 : YADKIN BANK 401(K) RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$36,827
Total unrealized appreciation/depreciation of assets2014-12-31$36,827
Total transfer of assets to this plan2014-12-31$100,913
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$4,418,964
Total loss/gain on sale of assets2014-12-31$2,628
Total of all expenses incurred2014-12-31$2,016,572
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,934,302
Expenses. Certain deemed distributions of participant loans2014-12-31$774
Value of total corrective distributions2014-12-31$6,278
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,916,697
Value of total assets at end of year2014-12-31$22,600,332
Value of total assets at beginning of year2014-12-31$20,197,940
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$75,218
Total interest from all sources2014-12-31$23,394
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$835,580
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$835,580
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
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$1,744,547
Participant contributions at end of year2014-12-31$630,678
Participant contributions at beginning of year2014-12-31$553,693
Participant contributions at end of year2014-12-31$-426
Participant contributions at beginning of year2014-12-31$-426
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$397,139
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$11
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$11
Other income not declared elsewhere2014-12-31$-111
Administrative expenses (other) incurred2014-12-31$75,218
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$2,402,392
Value of net assets at end of year (total assets less liabilities)2014-12-31$22,600,332
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$20,197,940
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$18,446,795
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$16,132,480
Interest on participant loans2014-12-31$23,394
Value of interest in common/collective trusts at end of year2014-12-31$3,238,617
Value of interest in common/collective trusts at beginning of year2014-12-31$3,242,984
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$16
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$104,669
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$104,669
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$556,404
Net investment gain or loss from common/collective trusts2014-12-31$47,545
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$284,242
Assets. Invements in employer securities at beginning of year2014-12-31$268,783
Contributions received in cash from employer2014-12-31$775,011
Employer contributions (assets) at beginning of year2014-12-31$4,176
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,934,302
Contract administrator fees2014-12-31$13,469
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$82,510
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$211,859
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
Aggregate proceeds on sale of assets2014-12-31$23,995
Aggregate carrying amount (costs) on sale of assets2014-12-31$21,367
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2014-12-31560747981
2013 : YADKIN BANK 401(K) RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$127,188
Total unrealized appreciation/depreciation of assets2013-12-31$127,188
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$5,765,017
Total loss/gain on sale of assets2013-12-31$16,597
Total of all expenses incurred2013-12-31$1,686,273
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,543,692
Value of total corrective distributions2013-12-31$10,058
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,602,199
Value of total assets at end of year2013-12-31$20,197,940
Value of total assets at beginning of year2013-12-31$16,119,196
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$132,523
Total interest from all sources2013-12-31$22,620
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$535,418
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$535,418
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
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$1,537,828
Participant contributions at end of year2013-12-31$553,693
Participant contributions at beginning of year2013-12-31$468,319
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$448,858
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$186
Other income not declared elsewhere2013-12-31$22,773
Administrative expenses (other) incurred2013-12-31$132,523
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$4,078,744
Value of net assets at end of year (total assets less liabilities)2013-12-31$20,197,940
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$16,119,196
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$16,132,480
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$11,934,138
Interest on participant loans2013-12-31$22,620
Value of interest in common/collective trusts at end of year2013-12-31$3,242,984
Value of interest in common/collective trusts at beginning of year2013-12-31$3,548,812
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,384,149
Net investment gain or loss from common/collective trusts2013-12-31$54,073
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$268,783
Assets. Invements in employer securities at beginning of year2013-12-31$167,741
Contributions received in cash from employer2013-12-31$615,513
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,543,692
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
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
Aggregate proceeds on sale of assets2013-12-31$42,744
Aggregate carrying amount (costs) on sale of assets2013-12-31$26,147
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2013-12-31560747981
2012 : YADKIN BANK 401(K) RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$5,650
Total unrealized appreciation/depreciation of assets2012-12-31$5,650
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$4,578
Total income from all sources (including contributions)2012-12-31$3,678,626
Total loss/gain on sale of assets2012-12-31$10,332
Total of all expenses incurred2012-12-31$3,060,011
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,967,057
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,977,738
Value of total assets at end of year2012-12-31$16,119,196
Value of total assets at beginning of year2012-12-31$15,505,159
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$92,954
Total interest from all sources2012-12-31$18,557
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$145,065
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$145,065
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$1,307,124
Participant contributions at end of year2012-12-31$468,319
Participant contributions at beginning of year2012-12-31$481,328
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$269,775
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$186
Other income not declared elsewhere2012-12-31$0
Administrative expenses (other) incurred2012-12-31$92,954
Liabilities. Value of operating payables at beginning of year2012-12-31$4,578
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$618,615
Value of net assets at end of year (total assets less liabilities)2012-12-31$16,119,196
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$15,500,581
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$11,934,138
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$726,297
Interest on participant loans2012-12-31$18,557
Value of interest in common/collective trusts at end of year2012-12-31$3,548,812
Value of interest in common/collective trusts at beginning of year2012-12-31$13,813,399
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$375,955
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$375,955
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$323,874
Net investment gain or loss from common/collective trusts2012-12-31$1,197,410
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$167,741
Assets. Invements in employer securities at beginning of year2012-12-31$108,180
Contributions received in cash from employer2012-12-31$400,839
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,967,057
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
Aggregate proceeds on sale of assets2012-12-31$36,140
Aggregate carrying amount (costs) on sale of assets2012-12-31$25,808
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31DIXON HUGHES GOODMAN LLP
Accountancy firm EIN2012-12-31560747981
2011 : YADKIN BANK 401(K) RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-21,652
Total unrealized appreciation/depreciation of assets2011-12-31$-21,652
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$4,578
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$5,095
Total income from all sources (including contributions)2011-12-31$1,939,588
Total loss/gain on sale of assets2011-12-31$5,193
Total of all expenses incurred2011-12-31$3,808,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,667,139
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,942,322
Value of total assets at end of year2011-12-31$15,505,159
Value of total assets at beginning of year2011-12-31$17,374,291
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$141,064
Total interest from all sources2011-12-31$24,750
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$56,342
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$56,342
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,350,343
Participant contributions at end of year2011-12-31$481,328
Participant contributions at beginning of year2011-12-31$579,289
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$54,443
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Administrative expenses (other) incurred2011-12-31$7,667
Liabilities. Value of operating payables at end of year2011-12-31$4,578
Liabilities. Value of operating payables at beginning of year2011-12-31$5,095
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,868,615
Value of net assets at end of year (total assets less liabilities)2011-12-31$15,500,581
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$17,369,196
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$8,346
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$726,297
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,437,660
Interest on participant loans2011-12-31$23,782
Value of interest in common/collective trusts at end of year2011-12-31$13,813,399
Value of interest in common/collective trusts at beginning of year2011-12-31$14,767,187
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$375,955
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$480,803
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$480,803
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$968
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-400,245
Net investment gain or loss from common/collective trusts2011-12-31$332,878
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$108,180
Assets. Invements in employer securities at beginning of year2011-12-31$109,352
Contributions received in cash from employer2011-12-31$537,536
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,667,139
Contract administrator fees2011-12-31$125,051
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$53,634
Aggregate carrying amount (costs) on sale of assets2011-12-31$48,441
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31DIXON HUGHES GOODMAN, LLP
Accountancy firm EIN2011-12-31560747981
2010 : YADKIN BANK 401(K) RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-94,550
Total unrealized appreciation/depreciation of assets2010-12-31$-94,550
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$5,095
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$4,209,302
Total loss/gain on sale of assets2010-12-31$-2,984
Total of all expenses incurred2010-12-31$1,921,163
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,787,602
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,605,858
Value of total assets at end of year2010-12-31$17,374,291
Value of total assets at beginning of year2010-12-31$15,081,057
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$133,561
Total interest from all sources2010-12-31$22,092
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$12,159
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,456,583
Participant contributions at end of year2010-12-31$579,289
Participant contributions at beginning of year2010-12-31$392,813
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$562,741
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$9,280
Administrative expenses (other) incurred2010-12-31$6,682
Liabilities. Value of operating payables at end of year2010-12-31$5,095
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$4,261
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,288,139
Value of net assets at end of year (total assets less liabilities)2010-12-31$17,369,196
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$15,081,057
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$15,470
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,437,660
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,169,319
Interest on participant loans2010-12-31$20,516
Value of interest in common/collective trusts at end of year2010-12-31$14,767,187
Value of interest in common/collective trusts at beginning of year2010-12-31$12,819,198
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$480,803
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$513,495
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$513,495
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$1,576
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$171,909
Net investment gain or loss from common/collective trusts2010-12-31$1,494,818
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$109,352
Assets. Invements in employer securities at beginning of year2010-12-31$172,691
Contributions received in cash from employer2010-12-31$586,534
Income. Dividends from common stock2010-12-31$12,159
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,787,602
Contract administrator fees2010-12-31$111,409
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$30,806
Aggregate carrying amount (costs) on sale of assets2010-12-31$33,790
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31DIXON HUGHES
Accountancy firm EIN2010-12-31560747981
2009 : YADKIN BANK 401(K) RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for YADKIN BANK 401(K) RETIREMENT PLAN

2015: YADKIN BANK 401(K) RETIREMENT 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: YADKIN BANK 401(K) RETIREMENT 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: YADKIN BANK 401(K) RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: YADKIN BANK 401(K) RETIREMENT 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: YADKIN BANK 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: YADKIN BANK 401(K) RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: YADKIN BANK 401(K) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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