?>
Logo

FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameFIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Stock bonus
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:FIRST RELIANCE BANK
Employer identification number (EIN):582463842
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01JEFFREY PAOLUCCI
0012016-01-01LAFREDA DOCTOR
0012015-01-01JEFFREY PAOLUCCI
0012014-01-01JEFFREY PAOLUCCI
0012013-01-01JEFFREY PAOLUCCI
0012012-01-01JEFFREY PAOLUCCI
0012011-01-01JEFFREY PAOLUCCI
0012010-01-01JEFFREY PAOLUCCI JEFFREY PAOLUCCI2011-07-11
0012009-01-01JEFFREY PAOLUCCI JEFFREY PAOLUCCI2010-10-08

Plan Statistics for FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01297
Total number of active participants reported on line 7a of the Form 55002022-01-01183
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01103
Total of all active and inactive participants2022-01-01286
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01287
Number of participants with account balances2022-01-01281
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-018
2021: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01242
Total number of active participants reported on line 7a of the Form 55002021-01-01187
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01108
Total of all active and inactive participants2021-01-01295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01297
Number of participants with account balances2021-01-01290
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0111
2020: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01220
Total number of active participants reported on line 7a of the Form 55002020-01-01162
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0179
Total of all active and inactive participants2020-01-01241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01242
Number of participants with account balances2020-01-01224
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0110
2019: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01229
Total number of active participants reported on line 7a of the Form 55002019-01-01146
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0174
Total of all active and inactive participants2019-01-01220
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01220
Number of participants with account balances2019-01-01220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0112
2018: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01193
Total number of active participants reported on line 7a of the Form 55002018-01-01164
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0164
Total of all active and inactive participants2018-01-01228
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01229
Number of participants with account balances2018-01-01220
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0117
2017: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01166
Total number of active participants reported on line 7a of the Form 55002017-01-01136
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0157
Total of all active and inactive participants2017-01-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01193
Number of participants with account balances2017-01-01180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01156
Total number of active participants reported on line 7a of the Form 55002016-01-01124
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0142
Total of all active and inactive participants2016-01-01166
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01166
Number of participants with account balances2016-01-01154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-014
2015: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01136
Total number of active participants reported on line 7a of the Form 55002015-01-01118
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0138
Total of all active and inactive participants2015-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01156
Number of participants with account balances2015-01-01143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01133
Total number of active participants reported on line 7a of the Form 55002014-01-01101
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0135
Total of all active and inactive participants2014-01-01136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01136
Number of participants with account balances2014-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-011
2013: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01142
Total number of active participants reported on line 7a of the Form 55002013-01-0196
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0137
Total of all active and inactive participants2013-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01133
Number of participants with account balances2013-01-01122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012
2012: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01149
Total number of active participants reported on line 7a of the Form 55002012-01-01106
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0136
Total of all active and inactive participants2012-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01142
Number of participants with account balances2012-01-01129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0110
2011: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01165
Total number of active participants reported on line 7a of the Form 55002011-01-01110
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0138
Total of all active and inactive participants2011-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01149
Number of participants with account balances2011-01-01141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0115
2010: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01190
Total number of active participants reported on line 7a of the Form 55002010-01-01128
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-0134
Total of all active and inactive participants2010-01-01163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01164
Number of participants with account balances2010-01-01139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0116
2009: FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01180
Total number of active participants reported on line 7a of the Form 55002009-01-01129
Number of retired or separated participants receiving benefits2009-01-011
Number of other retired or separated participants entitled to future benefits2009-01-0154
Total of all active and inactive participants2009-01-01184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01185
Number of participants with account balances2009-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-585,724
Total unrealized appreciation/depreciation of assets2022-12-31$-585,724
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-275,043
Total loss/gain on sale of assets2022-12-31$-403,907
Total of all expenses incurred2022-12-31$1,280,855
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,233,159
Expenses. Certain deemed distributions of participant loans2022-12-31$10,357
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,623,246
Value of total assets at end of year2022-12-31$12,348,311
Value of total assets at beginning of year2022-12-31$13,904,209
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$37,339
Total interest from all sources2022-12-31$23,923
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$185,676
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$37,339
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,013,588
Participant contributions at end of year2022-12-31$548,117
Participant contributions at beginning of year2022-12-31$535,402
Participant contributions at end of year2022-12-31$29,122
Participant contributions at beginning of year2022-12-31$29,417
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$235,374
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,555,898
Value of net assets at end of year (total assets less liabilities)2022-12-31$12,348,311
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$13,904,209
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,213,640
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,707,913
Interest on participant loans2022-12-31$23,718
Value of interest in common/collective trusts at end of year2022-12-31$2,416,058
Value of interest in common/collective trusts at beginning of year2022-12-31$1,777,427
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$6,731
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$2,032
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$2,032
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$205
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,167,061
Net investment gain or loss from common/collective trusts2022-12-31$48,804
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$4,124,228
Assets. Invements in employer securities at beginning of year2022-12-31$4,842,026
Contributions received in cash from employer2022-12-31$374,284
Employer contributions (assets) at end of year2022-12-31$10,415
Employer contributions (assets) at beginning of year2022-12-31$9,992
Income. Dividends from preferred stock2022-12-31$185,676
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,233,159
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$-403,907
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31ELLIOTT DAVIS,LLC
Accountancy firm EIN2022-12-31570381582
2021 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$1,021,743
Total unrealized appreciation/depreciation of assets2021-12-31$1,021,743
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$3,918,089
Total loss/gain on sale of assets2021-12-31$191,260
Total of all expenses incurred2021-12-31$612,511
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$582,368
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,852,398
Value of total assets at end of year2021-12-31$13,904,209
Value of total assets at beginning of year2021-12-31$10,598,631
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$30,143
Total interest from all sources2021-12-31$19,394
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$490,655
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$490,655
Administrative expenses professional fees incurred2021-12-31$30,143
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$3,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,048,331
Participant contributions at end of year2021-12-31$535,402
Participant contributions at beginning of year2021-12-31$442,557
Participant contributions at end of year2021-12-31$29,417
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$105,185
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$3,305,578
Value of net assets at end of year (total assets less liabilities)2021-12-31$13,904,209
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$10,598,631
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,707,913
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$0
Interest on participant loans2021-12-31$19,393
Value of interest in common/collective trusts at end of year2021-12-31$1,777,427
Value of interest in common/collective trusts at beginning of year2021-12-31$6,441,333
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$2,032
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$411,918
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$411,918
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$314,432
Net investment gain or loss from common/collective trusts2021-12-31$28,207
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$4,842,026
Assets. Invements in employer securities at beginning of year2021-12-31$3,302,823
Contributions received in cash from employer2021-12-31$698,882
Employer contributions (assets) at end of year2021-12-31$9,992
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$582,368
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$191,260
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31ELLIOT DAVIS,LLC
Accountancy firm EIN2021-12-31570381582
2020 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$22,853
Total unrealized appreciation/depreciation of assets2020-12-31$22,853
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$2,132,266
Total loss/gain on sale of assets2020-12-31$-113,471
Total of all expenses incurred2020-12-31$1,125,558
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,051,846
Expenses. Certain deemed distributions of participant loans2020-12-31$31,192
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,199,178
Value of total assets at end of year2020-12-31$10,572,829
Value of total assets at beginning of year2020-12-31$9,566,121
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$42,520
Total interest from all sources2020-12-31$24,489
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,408
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,408
Administrative expenses professional fees incurred2020-12-31$42,520
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$3,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$736,384
Participant contributions at end of year2020-12-31$442,557
Participant contributions at beginning of year2020-12-31$520,570
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$5,957
Other income not declared elsewhere2020-12-31$-17,332
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$2
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,006,708
Value of net assets at end of year (total assets less liabilities)2020-12-31$10,572,829
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$9,566,121
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Interest on participant loans2020-12-31$24,483
Value of interest in common/collective trusts at end of year2020-12-31$6,441,333
Value of interest in common/collective trusts at beginning of year2020-12-31$5,597,438
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$411,918
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$294,234
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$294,234
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$6
Net investment gain or loss from common/collective trusts2020-12-31$1,015,141
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$3,277,021
Assets. Invements in employer securities at beginning of year2020-12-31$3,153,877
Contributions received in cash from employer2020-12-31$456,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,051,846
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$-113,471
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31ELLIOT DAVIS,LLC
Accountancy firm EIN2020-12-31570381582
2019 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,723,331
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,723,331
Total unrealized appreciation/depreciation of assets2019-12-31$1,723,331
Total unrealized appreciation/depreciation of assets2019-12-31$1,723,331
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$3,212,558
Total income from all sources (including contributions)2019-12-31$3,212,558
Total loss/gain on sale of assets2019-12-31$52,209
Total loss/gain on sale of assets2019-12-31$52,209
Total of all expenses incurred2019-12-31$749,795
Total of all expenses incurred2019-12-31$749,795
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$709,927
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$709,927
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,240,720
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,240,720
Value of total assets at end of year2019-12-31$9,566,121
Value of total assets at end of year2019-12-31$9,566,121
Value of total assets at beginning of year2019-12-31$7,103,358
Value of total assets at beginning of year2019-12-31$7,103,358
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$39,868
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$39,868
Total interest from all sources2019-12-31$23,536
Total interest from all sources2019-12-31$23,536
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,041
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,041
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$3,000,000
Value of fidelity bond cover2019-12-31$3,000,000
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$751,250
Contributions received from participants2019-12-31$751,250
Participant contributions at end of year2019-12-31$520,570
Participant contributions at end of year2019-12-31$520,570
Participant contributions at beginning of year2019-12-31$415,227
Participant contributions at beginning of year2019-12-31$415,227
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$89,295
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$89,295
Other income not declared elsewhere2019-12-31$50,676
Other income not declared elsewhere2019-12-31$50,676
Administrative expenses (other) incurred2019-12-31$5,805
Administrative expenses (other) incurred2019-12-31$5,805
Total non interest bearing cash at end of year2019-12-31$2
Total non interest bearing cash at end of year2019-12-31$2
Total non interest bearing cash at beginning of year2019-12-31$1
Total non interest bearing cash at beginning of year2019-12-31$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,462,763
Value of net income/loss2019-12-31$2,462,763
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,566,121
Value of net assets at end of year (total assets less liabilities)2019-12-31$9,566,121
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,103,358
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$7,103,358
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
Interest on participant loans2019-12-31$22,505
Interest on participant loans2019-12-31$22,505
Value of interest in common/collective trusts at end of year2019-12-31$5,597,438
Value of interest in common/collective trusts at end of year2019-12-31$5,597,438
Value of interest in common/collective trusts at beginning of year2019-12-31$4,218,958
Value of interest in common/collective trusts at beginning of year2019-12-31$4,218,958
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$294,234
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$294,234
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$299,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$299,318
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$299,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$299,318
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,031
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$1,031
Net investment gain or loss from common/collective trusts2019-12-31$116,045
Net investment gain or loss from common/collective trusts2019-12-31$116,045
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$3,153,877
Assets. Invements in employer securities at end of year2019-12-31$3,153,877
Assets. Invements in employer securities at beginning of year2019-12-31$2,169,854
Assets. Invements in employer securities at beginning of year2019-12-31$2,169,854
Contributions received in cash from employer2019-12-31$400,175
Contributions received in cash from employer2019-12-31$400,175
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from common stock2019-12-31$6,041
Income. Dividends from common stock2019-12-31$6,041
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$709,927
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$709,927
Contract administrator fees2019-12-31$34,063
Contract administrator fees2019-12-31$34,063
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
Aggregate proceeds on sale of assets2019-12-31$52,209
Aggregate proceeds on sale of assets2019-12-31$52,209
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31ELLIOT DAVIS,LLC
Accountancy firm name2019-12-31ELLIOT DAVIS,LLC
Accountancy firm EIN2019-12-31570381582
Accountancy firm EIN2019-12-31570381582
2018 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-793,149
Total unrealized appreciation/depreciation of assets2018-12-31$-793,149
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$75,689
Total loss/gain on sale of assets2018-12-31$-16,823
Total of all expenses incurred2018-12-31$1,076,322
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,043,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,044,232
Value of total assets at end of year2018-12-31$7,103,358
Value of total assets at beginning of year2018-12-31$8,103,991
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$32,556
Total interest from all sources2018-12-31$21,152
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 year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$3,000,000
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$736,456
Participant contributions at end of year2018-12-31$415,227
Participant contributions at beginning of year2018-12-31$389,994
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$58,293
Other income not declared elsewhere2018-12-31$51
Administrative expenses (other) incurred2018-12-31$8,368
Total non interest bearing cash at end of year2018-12-31$1
Total non interest bearing cash at beginning of year2018-12-31$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,000,633
Value of net assets at end of year (total assets less liabilities)2018-12-31$7,103,358
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$8,103,991
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
Interest on participant loans2018-12-31$17,265
Interest earned on other investments2018-12-31$12
Value of interest in common/collective trusts at end of year2018-12-31$4,218,958
Value of interest in common/collective trusts at beginning of year2018-12-31$4,384,898
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$299,318
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$314,638
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$314,638
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$3,875
Net investment gain or loss from common/collective trusts2018-12-31$-179,774
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$2,169,854
Assets. Invements in employer securities at beginning of year2018-12-31$2,858,272
Contributions received in cash from employer2018-12-31$249,483
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$156,188
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,043,766
Contract administrator fees2018-12-31$24,188
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
Aggregate proceeds on sale of assets2018-12-31$437,755
Aggregate carrying amount (costs) on sale of assets2018-12-31$454,578
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 name2018-12-31ELLIOT DAVIS,LLC
Accountancy firm EIN2018-12-31570381582
2017 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$567,400
Total unrealized appreciation/depreciation of assets2017-12-31$567,400
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$2,397,076
Total loss/gain on sale of assets2017-12-31$25,118
Total of all expenses incurred2017-12-31$165,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$128,928
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,201,425
Value of total assets at end of year2017-12-31$8,103,991
Value of total assets at beginning of year2017-12-31$5,872,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$36,692
Total interest from all sources2017-12-31$15,082
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
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$3,000,000
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$602,073
Participant contributions at end of year2017-12-31$389,994
Participant contributions at beginning of year2017-12-31$274,386
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$10,524
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$3,127
Administrative expenses (other) incurred2017-12-31$8,473
Total non interest bearing cash at end of year2017-12-31$1
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$2,231,456
Value of net assets at end of year (total assets less liabilities)2017-12-31$8,103,991
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$5,872,535
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
Interest on participant loans2017-12-31$14,172
Income. Interest from US Government securities2017-12-31$2
Value of interest in common/collective trusts at end of year2017-12-31$4,384,898
Value of interest in common/collective trusts at beginning of year2017-12-31$3,516,434
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$314,638
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$908
Net investment gain or loss from common/collective trusts2017-12-31$584,924
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$2,858,272
Assets. Invements in employer securities at beginning of year2017-12-31$2,081,715
Contributions received in cash from employer2017-12-31$588,828
Employer contributions (assets) at end of year2017-12-31$156,188
Employer contributions (assets) at beginning of year2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$128,928
Contract administrator fees2017-12-31$28,219
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
Aggregate proceeds on sale of assets2017-12-31$196,265
Aggregate carrying amount (costs) on sale of assets2017-12-31$171,147
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 name2017-12-31ELLIOT DAVIS DECOSIMO, LLC
Accountancy firm EIN2017-12-31570381582
2016 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$463,806
Total unrealized appreciation/depreciation of assets2016-12-31$463,806
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$111
Total income from all sources (including contributions)2016-12-31$1,451,253
Total loss/gain on sale of assets2016-12-31$6,329
Total of all expenses incurred2016-12-31$471,270
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$434,952
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$699,854
Value of total assets at end of year2016-12-31$5,872,535
Value of total assets at beginning of year2016-12-31$4,892,663
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$36,318
Total interest from all sources2016-12-31$11,067
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 year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$3,000,000
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$521,263
Participant contributions at end of year2016-12-31$274,386
Participant contributions at beginning of year2016-12-31$226,555
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$5,415
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$111
Other income not declared elsewhere2016-12-31$10,208
Administrative expenses (other) incurred2016-12-31$8,350
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$979,983
Value of net assets at end of year (total assets less liabilities)2016-12-31$5,872,535
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$4,892,552
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
Interest on participant loans2016-12-31$10,331
Interest earned on other investments2016-12-31$224
Income. Interest from US Government securities2016-12-31$512
Value of interest in common/collective trusts at end of year2016-12-31$3,516,434
Value of interest in common/collective trusts at beginning of year2016-12-31$3,123,386
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$49
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$49
Net investment gain or loss from common/collective trusts2016-12-31$259,989
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$2,081,715
Assets. Invements in employer securities at beginning of year2016-12-31$1,542,673
Contributions received in cash from employer2016-12-31$173,176
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$434,952
Contract administrator fees2016-12-31$27,968
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
Aggregate proceeds on sale of assets2016-12-31$115,775
Aggregate carrying amount (costs) on sale of assets2016-12-31$109,446
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 name2016-12-31ELLIOT DAVIS DECOSIMO, LLC
Accountancy firm EIN2016-12-31570381582
2015 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$302,916
Total unrealized appreciation/depreciation of assets2015-12-31$302,916
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$111
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$986,559
Total loss/gain on sale of assets2015-12-31$42,071
Total of all expenses incurred2015-12-31$456,913
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$431,210
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$612,763
Value of total assets at end of year2015-12-31$4,892,663
Value of total assets at beginning of year2015-12-31$4,362,906
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$25,703
Total interest from all sources2015-12-31$9,055
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,000,000
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$406,043
Participant contributions at end of year2015-12-31$226,555
Participant contributions at beginning of year2015-12-31$225,337
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$59,468
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$111
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Other income not declared elsewhere2015-12-31$402
Administrative expenses (other) incurred2015-12-31$5,655
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$529,646
Value of net assets at end of year (total assets less liabilities)2015-12-31$4,892,552
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$4,362,906
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
Interest on participant loans2015-12-31$8,427
Value of interest in common/collective trusts at end of year2015-12-31$3,123,386
Value of interest in common/collective trusts at beginning of year2015-12-31$2,788,998
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$49
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$279,332
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$279,332
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$628
Net investment gain or loss from common/collective trusts2015-12-31$19,352
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$1,542,673
Assets. Invements in employer securities at beginning of year2015-12-31$1,069,239
Contributions received in cash from employer2015-12-31$147,252
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$431,210
Contract administrator fees2015-12-31$20,048
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$191,257
Aggregate carrying amount (costs) on sale of assets2015-12-31$149,186
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 name2015-12-31ELLIOT DAVIS DECOSIMO, LLC
Accountancy firm EIN2015-12-31570381582
2014 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$431,153
Total unrealized appreciation/depreciation of assets2014-12-31$431,153
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$1,097,494
Total loss/gain on sale of assets2014-12-31$14,970
Total of all expenses incurred2014-12-31$145,552
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$122,009
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$411,746
Value of total assets at end of year2014-12-31$4,362,906
Value of total assets at beginning of year2014-12-31$3,410,964
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$23,543
Total interest from all sources2014-12-31$10,844
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,000,000
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$293,063
Participant contributions at end of year2014-12-31$225,337
Participant contributions at beginning of year2014-12-31$198,997
Administrative expenses (other) incurred2014-12-31$5,237
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$951,942
Value of net assets at end of year (total assets less liabilities)2014-12-31$4,362,906
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,410,964
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
Interest on participant loans2014-12-31$8,442
Interest earned on other investments2014-12-31$1,954
Value of interest in common/collective trusts at end of year2014-12-31$2,788,998
Value of interest in common/collective trusts at beginning of year2014-12-31$2,461,406
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$279,332
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$262,232
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$262,232
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$448
Net investment gain or loss from common/collective trusts2014-12-31$228,781
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$1,069,239
Assets. Invements in employer securities at beginning of year2014-12-31$488,329
Contributions received in cash from employer2014-12-31$118,683
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$122,009
Contract administrator fees2014-12-31$18,306
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$51,863
Aggregate carrying amount (costs) on sale of assets2014-12-31$36,893
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31ELLIOT DAVIS DECOSIMO, LLC
Accountancy firm EIN2014-12-31570381582
2013 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$-31,577
Total unrealized appreciation/depreciation of assets2013-12-31$-31,577
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$858,505
Total loss/gain on sale of assets2013-12-31$773
Total of all expenses incurred2013-12-31$359,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$339,274
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$414,765
Value of total assets at end of year2013-12-31$3,410,964
Value of total assets at beginning of year2013-12-31$2,912,041
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$20,308
Total interest from all sources2013-12-31$5,708
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$3,000,000
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$285,253
Participant contributions at end of year2013-12-31$198,997
Participant contributions at beginning of year2013-12-31$119,489
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$9,856
Administrative expenses (other) incurred2013-12-31$4,023
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$498,923
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,410,964
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,912,041
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
Investment advisory and management fees2013-12-31$2,444
Interest on participant loans2013-12-31$4,921
Value of interest in common/collective trusts at end of year2013-12-31$2,461,406
Value of interest in common/collective trusts at beginning of year2013-12-31$2,049,032
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$262,232
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$275,424
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$275,424
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$787
Net investment gain or loss from common/collective trusts2013-12-31$468,836
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$488,329
Assets. Invements in employer securities at beginning of year2013-12-31$468,096
Contributions received in cash from employer2013-12-31$119,656
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$339,274
Contract administrator fees2013-12-31$13,841
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$92,216
Aggregate carrying amount (costs) on sale of assets2013-12-31$91,443
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31ELLIOT DAVIS, LLC
Accountancy firm EIN2013-12-31570381582
2012 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-56,720
Total unrealized appreciation/depreciation of assets2012-12-31$-56,720
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$0
Total income from all sources (including contributions)2012-12-31$533,550
Total loss/gain on sale of assets2012-12-31$612
Total of all expenses incurred2012-12-31$125,174
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$107,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$375,782
Value of total assets at end of year2012-12-31$2,912,041
Value of total assets at beginning of year2012-12-31$2,503,665
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$17,287
Total interest from all sources2012-12-31$7,043
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
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$261,129
Participant contributions at end of year2012-12-31$119,489
Participant contributions at beginning of year2012-12-31$148,916
Administrative expenses (other) incurred2012-12-31$3,704
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$408,376
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,912,041
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,503,665
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
Investment advisory and management fees2012-12-31$2,156
Interest on participant loans2012-12-31$6,285
Value of interest in common/collective trusts at end of year2012-12-31$2,049,032
Value of interest in common/collective trusts at beginning of year2012-12-31$1,628,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$275,424
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$279,082
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$279,082
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$758
Net investment gain or loss from common/collective trusts2012-12-31$206,833
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$468,096
Assets. Invements in employer securities at beginning of year2012-12-31$447,598
Contributions received in cash from employer2012-12-31$114,653
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$107,887
Contract administrator fees2012-12-31$11,427
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$80,297
Aggregate carrying amount (costs) on sale of assets2012-12-31$79,685
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31ELLIOT DAVIS, LLC
Accountancy firm EIN2012-12-31570381582
2011 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-158,008
Total unrealized appreciation/depreciation of assets2011-12-31$-158,008
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$261,252
Total loss/gain on sale of assets2011-12-31$-33,485
Total of all expenses incurred2011-12-31$207,278
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$190,806
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$436,588
Value of total assets at end of year2011-12-31$2,503,665
Value of total assets at beginning of year2011-12-31$2,449,691
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$16,472
Total interest from all sources2011-12-31$8,479
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
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$296,130
Participant contributions at end of year2011-12-31$148,916
Participant contributions at beginning of year2011-12-31$136,318
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$7,985
Administrative expenses (other) incurred2011-12-31$4,991
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$53,974
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,503,665
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,449,691
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$1,829
Interest on participant loans2011-12-31$7,345
Interest earned on other investments2011-12-31$457
Value of interest in common/collective trusts at end of year2011-12-31$1,628,069
Value of interest in common/collective trusts at beginning of year2011-12-31$1,464,962
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$279,082
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$263,100
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$263,100
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$677
Net investment gain or loss from common/collective trusts2011-12-31$7,678
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$447,598
Assets. Invements in employer securities at beginning of year2011-12-31$585,311
Contributions received in cash from employer2011-12-31$132,473
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$190,806
Contract administrator fees2011-12-31$9,652
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$158,657
Aggregate carrying amount (costs) on sale of assets2011-12-31$192,142
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31ELLIOT DAVIS, LLC
Accountancy firm EIN2011-12-31570381582
2010 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-161,549
Total unrealized appreciation/depreciation of assets2010-12-31$-161,549
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
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$533,649
Total loss/gain on sale of assets2010-12-31$16,537
Total of all expenses incurred2010-12-31$264,707
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$240,274
Value of total corrective distributions2010-12-31$12,029
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$496,594
Value of total assets at end of year2010-12-31$2,449,691
Value of total assets at beginning of year2010-12-31$2,180,749
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$12,404
Total interest from all sources2010-12-31$6,095
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
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$5,000,000
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$331,087
Participant contributions at end of year2010-12-31$136,318
Participant contributions at beginning of year2010-12-31$87,491
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$38,274
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$2
Administrative expenses (other) incurred2010-12-31$3,054
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$268,942
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,449,691
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,180,749
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$1,436
Interest on participant loans2010-12-31$5,360
Value of interest in common/collective trusts at end of year2010-12-31$1,464,962
Value of interest in common/collective trusts at beginning of year2010-12-31$1,109,562
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$263,100
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$234,577
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$234,577
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$735
Net investment gain or loss from common/collective trusts2010-12-31$175,972
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$585,311
Assets. Invements in employer securities at beginning of year2010-12-31$749,117
Contributions received in cash from employer2010-12-31$127,233
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$240,274
Contract administrator fees2010-12-31$7,914
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$275,781
Aggregate carrying amount (costs) on sale of assets2010-12-31$259,244
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 name2010-12-31ELLIOT DAVIS, LLC
Accountancy firm EIN2010-12-31570381582
2009 : FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN

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

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3