PERSONS BANKING COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2020 : PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total transfer of assets from this plan | 2020-12-31 | $908,631 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $1,109,770 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $2,043,540 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,018,214 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $499,399 |
| Value of total assets at end of year | 2020-12-31 | $5,647,905 |
| Value of total assets at beginning of year | 2020-12-31 | $7,490,306 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $25,326 |
| Total interest from all sources | 2020-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $355,549 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $7,558 |
| Total non interest bearing cash at end of year | 2020-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2020-12-31 | $4,283 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $-933,770 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $5,647,905 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $7,490,306 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Assets. Value of investments in 103.12 investment entities at end of year | 2020-12-31 | $5,647,905 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2020-12-31 | $7,486,023 |
| Net gain/loss from 103.12 investment entities | 2020-12-31 | $610,371 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $136,292 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,018,214 |
| Contract administrator fees | 2020-12-31 | $25,326 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-12-31 | Yes |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm EIN | 2020-12-31 | 581109435 |
| 2019 : PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
| Total income from all sources (including contributions) | 2019-12-31 | $2,073,305 |
| Total income from all sources (including contributions) | 2019-12-31 | $2,073,305 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $2,857,570 |
| Total of all expenses incurred | 2019-12-31 | $2,857,570 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,828,957 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $2,828,957 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $799,804 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $799,804 |
| Value of total assets at end of year | 2019-12-31 | $7,490,306 |
| Value of total assets at end of year | 2019-12-31 | $7,490,306 |
| Value of total assets at beginning of year | 2019-12-31 | $8,274,571 |
| Value of total assets at beginning of year | 2019-12-31 | $8,274,571 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $28,613 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $28,613 |
| Total interest from all sources | 2019-12-31 | $0 |
| Total interest from all sources | 2019-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Administrative expenses professional fees incurred | 2019-12-31 | $14,411 |
| Administrative expenses professional fees incurred | 2019-12-31 | $14,411 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $500,000 |
| Value of fidelity bond cover | 2019-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $380,271 |
| Contributions received from participants | 2019-12-31 | $380,271 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $275,953 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $275,953 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $0 |
| Total non interest bearing cash at end of year | 2019-12-31 | $4,283 |
| Total non interest bearing cash at end of year | 2019-12-31 | $4,283 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $51 |
| Total non interest bearing cash at beginning of year | 2019-12-31 | $51 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $-784,265 |
| Value of net income/loss | 2019-12-31 | $-784,265 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $7,490,306 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $7,490,306 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $8,274,571 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $8,274,571 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Assets. Value of investments in 103.12 investment entities at end of year | 2019-12-31 | $7,486,023 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2019-12-31 | $7,486,023 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2019-12-31 | $8,274,520 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2019-12-31 | $8,274,520 |
| Net gain/loss from 103.12 investment entities | 2019-12-31 | $1,273,501 |
| Net gain/loss from 103.12 investment entities | 2019-12-31 | $1,273,501 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $143,580 |
| Contributions received in cash from employer | 2019-12-31 | $143,580 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,828,957 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $2,828,957 |
| Contract administrator fees | 2019-12-31 | $14,202 |
| Contract administrator fees | 2019-12-31 | $14,202 |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan have assets held for investment | 2019-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm name | 2019-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm EIN | 2019-12-31 | 581109435 |
| Accountancy firm EIN | 2019-12-31 | 581109435 |
| 2018 : PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
| 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 | $286,936 |
| Total loss/gain on sale of assets | 2018-12-31 | $0 |
| Total of all expenses incurred | 2018-12-31 | $1,026,275 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $994,417 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $547,359 |
| Value of total assets at end of year | 2018-12-31 | $8,274,571 |
| Value of total assets at beginning of year | 2018-12-31 | $9,013,910 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $31,858 |
| Total interest from all sources | 2018-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $401,178 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $116 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2018-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $0 |
| Total non interest bearing cash at end of year | 2018-12-31 | $51 |
| Total non interest bearing cash at beginning of year | 2018-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-739,339 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $8,274,571 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $9,013,910 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Assets. Value of investments in 103.12 investment entities at end of year | 2018-12-31 | $8,274,520 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2018-12-31 | $9,013,910 |
| Net gain/loss from 103.12 investment entities | 2018-12-31 | $-260,423 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Contributions received in cash from employer | 2018-12-31 | $146,065 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $994,417 |
| Contract administrator fees | 2018-12-31 | $31,858 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2018-12-31 | Yes |
| Did the plan have assets held for investment | 2018-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm EIN | 2018-12-31 | 581109435 |
| 2017 : PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN 2017 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
| 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 | $54,058 |
| Total income from all sources (including contributions) | 2017-12-31 | $1,510,662 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $903,017 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $861,222 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $462,399 |
| Value of total assets at end of year | 2017-12-31 | $9,013,910 |
| Value of total assets at beginning of year | 2017-12-31 | $8,460,323 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $41,795 |
| Total interest from all sources | 2017-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $209,690 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $209,690 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Contributions received from participants | 2017-12-31 | $354,773 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $7,273 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $6,931,742 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2017-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $54,058 |
| Administrative expenses (other) incurred | 2017-12-31 | $1,594 |
| Total non interest bearing cash at end of year | 2017-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2017-12-31 | $54,058 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $607,645 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $9,013,910 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $8,406,265 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Investment advisory and management fees | 2017-12-31 | $25,360 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2017-12-31 | $9,013,910 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2017-12-31 | $1,474,523 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $838,573 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Contributions received in cash from employer | 2017-12-31 | $100,353 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $861,222 |
| Contract administrator fees | 2017-12-31 | $14,841 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2017-12-31 | Yes |
| Did the plan have assets held for investment | 2017-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
| Accountancy firm name | 2017-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm EIN | 2017-12-31 | 581109435 |
| 2016 : PERSONS BANKING COMPANY SECTION 401(K) PROFIT SHARING PLAN 2016 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $54,058 |
| 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 | $998,048 |
| Total loss/gain on sale of assets | 2016-12-31 | $0 |
| Total of all expenses incurred | 2016-12-31 | $394,659 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $349,468 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $433,879 |
| Value of total assets at end of year | 2016-12-31 | $8,460,323 |
| Value of total assets at beginning of year | 2016-12-31 | $7,802,876 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $45,191 |
| Total interest from all sources | 2016-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | Yes |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $340,241 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $677 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $6,931,742 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2016-12-31 | $54,058 |
| Administrative expenses (other) incurred | 2016-12-31 | $3,926 |
| Total non interest bearing cash at end of year | 2016-12-31 | $54,058 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Value of net income/loss | 2016-12-31 | $603,389 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $8,406,265 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $7,802,876 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
| Investment advisory and management fees | 2016-12-31 | $15,671 |
| Assets. Value of investments in 103.12 investment entities at end of year | 2016-12-31 | $1,474,523 |
| Assets. Value of investments in 103.12 investment entities at beginning of year | 2016-12-31 | $7,802,876 |
| Net gain/loss from 103.12 investment entities | 2016-12-31 | $564,169 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
| Contributions received in cash from employer | 2016-12-31 | $92,961 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $349,468 |
| Contract administrator fees | 2016-12-31 | $25,594 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2016-12-31 | Yes |
| Did the plan have assets held for investment | 2016-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
| Accountancy firm name | 2016-12-31 | MCNAIR, MCLEMORE, MIDDLEBROOK & CO. |
| Accountancy firm EIN | 2016-12-31 | 581109435 |
