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AXIOM BANK 401(K) SAVINGS PLAN 401k Plan overview

Plan NameAXIOM BANK 401(K) SAVINGS PLAN
Plan identification number 001

AXIOM BANK 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

AXIOM BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name:AXIOM BANK, N.A.
Employer identification number (EIN):591008568
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AXIOM BANK 401(K) SAVINGS 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
0012020-01-01
0012019-01-01
0012018-01-01AMY MORRIS
0012017-01-01AMY MORRIS
0012017-01-01AMY MORRIS
0012016-01-01AMY MORRIS
0012016-01-01AMY MORRIS
0012015-01-01AMY MORRIS
0012014-01-01AMY MORRIS
0012013-01-01AMY MORRIS
0012012-01-01AMY MORRIS
0012011-01-01CHRISTOPHER WALKER
0012010-01-01MARLYN LUGO

Plan Statistics for AXIOM BANK 401(K) SAVINGS PLAN

401k plan membership statisitcs for AXIOM BANK 401(K) SAVINGS PLAN

Measure Date Value
2022: AXIOM BANK 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01183
Total number of active participants reported on line 7a of the Form 55002022-01-01135
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0168
Total of all active and inactive participants2022-01-01203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01203
Number of participants with account balances2022-01-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: AXIOM BANK 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01196
Total number of active participants reported on line 7a of the Form 55002021-01-01108
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0174
Total of all active and inactive participants2021-01-01182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01182
Number of participants with account balances2021-01-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: AXIOM BANK 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01218
Total number of active participants reported on line 7a of the Form 55002020-01-01147
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0150
Total of all active and inactive participants2020-01-01197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01197
Number of participants with account balances2020-01-01189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: AXIOM BANK 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01237
Total number of active participants reported on line 7a of the Form 55002019-01-01183
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0135
Total of all active and inactive participants2019-01-01218
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01218
Number of participants with account balances2019-01-01207
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: AXIOM BANK 401(K) SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01204
Total number of active participants reported on line 7a of the Form 55002018-01-01186
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0150
Total of all active and inactive participants2018-01-01236
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01236
Number of participants with account balances2018-01-01226
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: AXIOM BANK 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01172
Total number of active participants reported on line 7a of the Form 55002017-01-01153
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0141
Total of all active and inactive participants2017-01-01194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01194
Number of participants with account balances2017-01-01190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: AXIOM BANK 401(K) SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01144
Total number of active participants reported on line 7a of the Form 55002016-01-01146
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0122
Total of all active and inactive participants2016-01-01168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01168
Number of participants with account balances2016-01-01124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: AXIOM BANK 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01151
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 benefits2015-01-0119
Total of all active and inactive participants2015-01-01137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01137
Number of participants with account balances2015-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: AXIOM BANK 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01154
Total number of active participants reported on line 7a of the Form 55002014-01-01126
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0120
Total of all active and inactive participants2014-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01146
Number of participants with account balances2014-01-01114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: AXIOM BANK 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01151
Total number of active participants reported on line 7a of the Form 55002013-01-01131
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0123
Total of all active and inactive participants2013-01-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01154
Number of participants with account balances2013-01-01106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: AXIOM BANK 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01178
Total number of active participants reported on line 7a of the Form 55002012-01-01129
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0122
Total of all active and inactive participants2012-01-01151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01151
Number of participants with account balances2012-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: AXIOM BANK 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01194
Total number of active participants reported on line 7a of the Form 55002011-01-01143
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0135
Total of all active and inactive participants2011-01-01178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01178
Number of participants with account balances2011-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: AXIOM BANK 401(K) SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01220
Total number of active participants reported on line 7a of the Form 55002010-01-01159
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0135
Total of all active and inactive participants2010-01-01194
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01194
Number of participants with account balances2010-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010

Financial Data on AXIOM BANK 401(K) SAVINGS PLAN

Measure Date Value
2022 : AXIOM BANK 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
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$574,441
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,932,519
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,891,349
Expenses. Certain deemed distributions of participant loans2022-12-31$10,513
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,680,970
Value of total assets at end of year2022-12-31$5,994,158
Value of total assets at beginning of year2022-12-31$7,352,236
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$30,657
Total interest from all sources2022-12-31$5,731
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$76,388
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$76,388
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
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$823,330
Participant contributions at end of year2022-12-31$119,699
Participant contributions at beginning of year2022-12-31$99,791
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$440,288
Other income not declared elsewhere2022-12-31$28,833
Administrative expenses (other) incurred2022-12-31$30,657
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,358,078
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,994,158
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$7,352,236
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$2,403,231
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,897,035
Interest on participant loans2022-12-31$5,731
Value of interest in common/collective trusts at end of year2022-12-31$3,471,228
Value of interest in common/collective trusts at beginning of year2022-12-31$355,410
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,211,303
Net investment gain or loss from common/collective trusts2022-12-31$-6,178
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
Contributions received in cash from employer2022-12-31$417,352
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,891,349
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
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MCDIRMIT DAVIS
Accountancy firm EIN2022-12-31260004117
2021 : AXIOM BANK 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$2,496,059
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,335,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,283,516
Expenses. Certain deemed distributions of participant loans2021-12-31$14,754
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,463,368
Value of total assets at end of year2021-12-31$7,352,236
Value of total assets at beginning of year2021-12-31$6,191,187
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$36,740
Total interest from all sources2021-12-31$6,386
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$563,698
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$563,698
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$807,623
Participant contributions at end of year2021-12-31$99,791
Participant contributions at beginning of year2021-12-31$88,428
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$262,327
Other income not declared elsewhere2021-12-31$36,577
Administrative expenses (other) incurred2021-12-31$36,740
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$1,161,049
Value of net assets at end of year (total assets less liabilities)2021-12-31$7,352,236
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,191,187
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$6,897,035
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$5,723,569
Interest on participant loans2021-12-31$6,386
Value of interest in common/collective trusts at end of year2021-12-31$355,410
Value of interest in common/collective trusts at beginning of year2021-12-31$379,190
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$419,731
Net investment gain or loss from common/collective trusts2021-12-31$6,299
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$393,418
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,283,516
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MCDIRMIT DAVIS
Accountancy firm EIN2021-12-31260004117
2020 : AXIOM BANK 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total transfer of assets from this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$2,070,036
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,503,581
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,449,758
Expenses. Certain deemed distributions of participant loans2020-12-31$24,194
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,244,807
Value of total assets at end of year2020-12-31$6,191,187
Value of total assets at beginning of year2020-12-31$5,624,732
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$29,629
Total interest from all sources2020-12-31$7,373
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$249,672
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$249,672
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$820,163
Participant contributions at end of year2020-12-31$88,428
Participant contributions at beginning of year2020-12-31$188,138
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$2,453
Other income not declared elsewhere2020-12-31$26,723
Administrative expenses (other) incurred2020-12-31$29,629
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$566,455
Value of net assets at end of year (total assets less liabilities)2020-12-31$6,191,187
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,624,732
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$5,723,569
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,105,410
Interest on participant loans2020-12-31$7,373
Value of interest in common/collective trusts at end of year2020-12-31$379,190
Value of interest in common/collective trusts at beginning of year2020-12-31$331,184
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$534,770
Net investment gain or loss from common/collective trusts2020-12-31$6,691
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$422,191
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,449,758
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31MCDIRMIT DAVIS
Accountancy firm EIN2020-12-31260004117
2019 : AXIOM BANK 401(K) SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total transfer of assets from this plan2019-12-31$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 income from all sources (including contributions)2019-12-31$2,244,943
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,865,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,829,311
Expenses. Certain deemed distributions of participant loans2019-12-31$7,290
Value of total corrective distributions2019-12-31$288
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,142,236
Value of total assets at end of year2019-12-31$5,624,732
Value of total assets at beginning of year2019-12-31$5,245,316
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$28,638
Total interest from all sources2019-12-31$12,009
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$236,867
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$236,867
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
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
Contributions received from participants2019-12-31$717,368
Participant contributions at end of year2019-12-31$188,138
Participant contributions at beginning of year2019-12-31$182,820
Other income not declared elsewhere2019-12-31$26,731
Administrative expenses (other) incurred2019-12-31$28,638
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$379,416
Value of net assets at end of year (total assets less liabilities)2019-12-31$5,624,732
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$5,245,316
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 leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,105,410
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,823,210
Interest on participant loans2019-12-31$12,009
Value of interest in common/collective trusts at end of year2019-12-31$331,184
Value of interest in common/collective trusts at beginning of year2019-12-31$239,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$820,329
Net investment gain or loss from common/collective trusts2019-12-31$6,771
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
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$424,868
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,829,311
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
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MCDIRMIT DAVIS
Accountancy firm EIN2019-12-31260004117
2018 : AXIOM BANK 401(K) SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,758,364
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$570,594
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$545,509
Expenses. Certain deemed distributions of participant loans2018-12-31$4,603
Value of total corrective distributions2018-12-31$991
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,158,581
Value of total assets at end of year2018-12-31$5,245,316
Value of total assets at beginning of year2018-12-31$4,057,546
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$19,491
Total interest from all sources2018-12-31$8,980
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$350,722
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$350,722
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$406,000
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$684,805
Participant contributions at end of year2018-12-31$182,820
Participant contributions at beginning of year2018-12-31$89,906
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,052,214
Other income not declared elsewhere2018-12-31$16,460
Administrative expenses (other) incurred2018-12-31$19,491
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$1,187,770
Value of net assets at end of year (total assets less liabilities)2018-12-31$5,245,316
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,057,546
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,823,210
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,856,417
Interest on participant loans2018-12-31$8,980
Value of interest in common/collective trusts at end of year2018-12-31$239,286
Value of interest in common/collective trusts at beginning of year2018-12-31$111,223
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-780,897
Net investment gain or loss from common/collective trusts2018-12-31$4,518
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
Contributions received in cash from employer2018-12-31$421,562
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$545,509
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MCDIRMIT DAVIS
Accountancy firm EIN2018-12-31260004117
2017 : AXIOM BANK 401(K) SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,485,895
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$335,075
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$294,815
Expenses. Certain deemed distributions of participant loans2017-12-31$22,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$902,618
Value of total assets at end of year2017-12-31$4,057,546
Value of total assets at beginning of year2017-12-31$2,906,726
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$18,224
Total interest from all sources2017-12-31$5,397
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$150,692
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$150,692
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$291,000
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$550,266
Participant contributions at end of year2017-12-31$89,906
Participant contributions at beginning of year2017-12-31$113,451
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$36,689
Other income not declared elsewhere2017-12-31$16,066
Administrative expenses (other) incurred2017-12-31$18,224
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,150,820
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,057,546
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,906,726
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$3,856,417
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,686,664
Interest on participant loans2017-12-31$5,397
Value of interest in common/collective trusts at end of year2017-12-31$111,223
Value of interest in common/collective trusts at beginning of year2017-12-31$106,611
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$408,720
Net investment gain or loss from common/collective trusts2017-12-31$2,402
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
Contributions received in cash from employer2017-12-31$315,663
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$294,815
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2017-12-31593198021
2016 : AXIOM BANK 401(K) SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$940,401
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$695,228
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$677,945
Expenses. Certain deemed distributions of participant loans2016-12-31$1,570
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$717,179
Value of total assets at end of year2016-12-31$2,906,726
Value of total assets at beginning of year2016-12-31$2,661,553
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$15,713
Total interest from all sources2016-12-31$4,521
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$85,369
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$85,369
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$267,000
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$445,304
Participant contributions at end of year2016-12-31$113,451
Participant contributions at beginning of year2016-12-31$76,539
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$42,558
Other income not declared elsewhere2016-12-31$13,225
Administrative expenses (other) incurred2016-12-31$15,713
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$245,173
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,906,726
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,661,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,686,664
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,477,122
Interest on participant loans2016-12-31$4,521
Value of interest in common/collective trusts at end of year2016-12-31$106,611
Value of interest in common/collective trusts at beginning of year2016-12-31$107,892
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$116,062
Net investment gain or loss from common/collective trusts2016-12-31$4,045
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
Contributions received in cash from employer2016-12-31$229,317
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$677,945
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2016-12-31593198021
2015 : AXIOM BANK 401(K) SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,005,890
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$370,974
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$331,098
Expenses. Certain deemed distributions of participant loans2015-12-31$32,363
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,006,252
Value of total assets at end of year2015-12-31$2,661,553
Value of total assets at beginning of year2015-12-31$2,026,637
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$7,513
Total interest from all sources2015-12-31$4,801
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$125,891
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$125,891
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$203,000
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$419,644
Participant contributions at end of year2015-12-31$76,539
Participant contributions at beginning of year2015-12-31$92,832
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$367,746
Other income not declared elsewhere2015-12-31$3,638
Administrative expenses (other) incurred2015-12-31$7,513
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$634,916
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,661,553
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,026,637
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$2,477,122
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$1,572,449
Interest on participant loans2015-12-31$4,801
Value of interest in common/collective trusts at end of year2015-12-31$107,892
Value of interest in common/collective trusts at beginning of year2015-12-31$361,356
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-138,323
Net investment gain or loss from common/collective trusts2015-12-31$3,631
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
Contributions received in cash from employer2015-12-31$218,862
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$331,098
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2015-12-31593198021
2014 : AXIOM BANK 401(K) SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
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$685,183
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$259,757
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$252,299
Expenses. Certain deemed distributions of participant loans2014-12-31$3,385
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$577,862
Value of total assets at end of year2014-12-31$2,026,637
Value of total assets at beginning of year2014-12-31$1,601,211
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$4,073
Total interest from all sources2014-12-31$3,278
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$102,417
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$102,417
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$161,000
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$322,676
Participant contributions at end of year2014-12-31$92,832
Participant contributions at beginning of year2014-12-31$61,360
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$61,242
Administrative expenses (other) incurred2014-12-31$4,073
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$425,426
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,026,637
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,601,211
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$1,572,449
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,189,973
Interest on participant loans2014-12-31$3,278
Value of interest in common/collective trusts at end of year2014-12-31$361,356
Value of interest in common/collective trusts at beginning of year2014-12-31$349,878
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-22,961
Net investment gain or loss from common/collective trusts2014-12-31$24,587
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
Contributions received in cash from employer2014-12-31$193,944
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$252,299
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2014-12-31593198021
2013 : AXIOM BANK 401(K) SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
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$687,804
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$299,953
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$296,113
Expenses. Certain deemed distributions of participant loans2013-12-31$790
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$462,127
Value of total assets at end of year2013-12-31$1,601,211
Value of total assets at beginning of year2013-12-31$1,213,360
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$3,050
Total interest from all sources2013-12-31$3,083
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$61,762
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$61,762
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$122,000
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$277,987
Participant contributions at end of year2013-12-31$61,360
Participant contributions at beginning of year2013-12-31$49,621
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$3,069
Administrative expenses (other) incurred2013-12-31$3,050
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$387,851
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,601,211
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,213,360
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$1,189,973
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$973,658
Interest on participant loans2013-12-31$3,083
Value of interest in common/collective trusts at end of year2013-12-31$349,878
Value of interest in common/collective trusts at beginning of year2013-12-31$190,081
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$139,282
Net investment gain or loss from common/collective trusts2013-12-31$21,550
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
Contributions received in cash from employer2013-12-31$181,071
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$296,113
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2013-12-31593198021
2012 : AXIOM BANK 401(K) SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
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$557,637
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$438,093
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$425,083
Expenses. Certain deemed distributions of participant loans2012-12-31$9,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$436,395
Value of total assets at end of year2012-12-31$1,213,360
Value of total assets at beginning of year2012-12-31$1,093,816
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$3,301
Total interest from all sources2012-12-31$2,749
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$24,781
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$24,781
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$110,000
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$228,644
Participant contributions at end of year2012-12-31$49,621
Participant contributions at beginning of year2012-12-31$54,281
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$53,854
Administrative expenses (other) incurred2012-12-31$3,301
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$119,544
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,213,360
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$1,093,816
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$973,658
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$847,564
Interest on participant loans2012-12-31$2,749
Value of interest in common/collective trusts at end of year2012-12-31$190,081
Value of interest in common/collective trusts at beginning of year2012-12-31$191,971
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$87,152
Net investment gain or loss from common/collective trusts2012-12-31$6,560
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
Contributions received in cash from employer2012-12-31$153,897
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$425,083
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2012-12-31593198021
2011 : AXIOM BANK 401(K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
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$479,825
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$297,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$278,179
Expenses. Certain deemed distributions of participant loans2011-12-31$3,500
Value of total corrective distributions2011-12-31$10,287
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$501,531
Value of total assets at end of year2011-12-31$1,093,816
Value of total assets at beginning of year2011-12-31$911,829
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$5,872
Total interest from all sources2011-12-31$2,012
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$23,001
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$23,001
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$92,000
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$256,182
Participant contributions at end of year2011-12-31$54,281
Participant contributions at beginning of year2011-12-31$40,640
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$64,081
Administrative expenses (other) incurred2011-12-31$5,872
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$181,987
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,093,816
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$911,829
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$847,564
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$690,032
Interest on participant loans2011-12-31$2,012
Value of interest in common/collective trusts at end of year2011-12-31$191,971
Value of interest in common/collective trusts at beginning of year2011-12-31$181,157
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-48,498
Net investment gain or loss from common/collective trusts2011-12-31$1,779
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
Contributions received in cash from employer2011-12-31$181,268
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$278,179
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2011-12-31593198021
2010 : AXIOM BANK 401(K) SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$560,018
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$682,792
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$330,981
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$319,149
Expenses. Certain deemed distributions of participant loans2010-12-31$8,032
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$601,178
Value of total assets at end of year2010-12-31$911,829
Value of total assets at beginning of year2010-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,800
Total interest from all sources2010-12-31$1,054
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$11,976
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$11,976
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000
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$307,106
Participant contributions at end of year2010-12-31$40,640
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$57,980
Other income not declared elsewhere2010-12-31$344
Administrative expenses (other) incurred2010-12-31$3,800
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$351,811
Value of net assets at end of year (total assets less liabilities)2010-12-31$911,829
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$0
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$690,032
Interest on participant loans2010-12-31$1,054
Value of interest in common/collective trusts at end of year2010-12-31$181,157
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$61,911
Net investment gain or loss from common/collective trusts2010-12-31$6,329
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
Contributions received in cash from employer2010-12-31$236,092
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$319,149
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31VESTAL & WILER, CPA'S
Accountancy firm EIN2010-12-31593198021

Form 5500 Responses for AXIOM BANK 401(K) SAVINGS PLAN

2022: AXIOM BANK 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS 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: AXIOM BANK 401(K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01First time form 5500 has been submittedYes
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

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