401k Plan data: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN plan

FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
The employer maintaining this ESOP is an S Corporation
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
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 UNITED BANK AND TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name: FIRST UNITED BANK AND TRUST COMPANY

Employer identification number (EIN): 611299746

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 J. JASON HAWKINS
001 2017-01-01 J. JASON HAWKINS
001 2016-01-01 J. JASON HAWKINS
001 2015-01-01 J. JASON HAWKINS
001 2014-01-01 J. JASON HAWKINS
001 2013-01-01 J. JASON HAWKINS
001 2012-01-01 J. JASON HAWKINS
001 2011-01-01 TIMOTHY W. DUNN, CPA, CFP 2012-06-21
001 2010-01-01 TIMOTHY W. DUNN, CPA, CFP 2011-10-04

Plan Statistics for FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 119
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 94
Number of retired or separated participants receiving benefits 2022-01-01 3
Number of other retired or separated participants entitled to future benefits 2022-01-01 16
Total of all active and inactive participants 2022-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 113
Number of participants with account balances 2022-01-01 113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 4
2021: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 91
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 21
Total of all active and inactive participants 2021-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 113
Number of participants with account balances 2021-01-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 7
2020: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 94
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 94
Number of participants with account balances 2020-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 10
2019: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 98
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 98
Number of participants with account balances 2019-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 8
2018: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 101
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 101
Number of participants with account balances 2018-01-01 101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 13
2017: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 81
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 95
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 95
Number of participants with account balances 2017-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 72
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 81
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 0
Total of all active and inactive participants 2016-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 81
Number of participants with account balances 2016-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 6
2015: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 69
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 50
Number of retired or separated participants receiving benefits 2015-01-01 22
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 72
Number of participants with account balances 2015-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 53
Number of retired or separated participants receiving benefits 2014-01-01 7
Number of other retired or separated participants entitled to future benefits 2014-01-01 9
Total of all active and inactive participants 2014-01-01 69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 69
Number of participants with account balances 2014-01-01 69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 2
2013: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 61
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 51
Number of retired or separated participants receiving benefits 2013-01-01 6
Number of other retired or separated participants entitled to future benefits 2013-01-01 7
Total of all active and inactive participants 2013-01-01 64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 64
Number of participants with account balances 2013-01-01 60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 53
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 7
Total of all active and inactive participants 2012-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 60
Number of participants with account balances 2012-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 3

Measure	Date	Value
2022: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	119
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	94
Number of retired or separated participants receiving benefits	2022-01-01	3
Number of other retired or separated participants entitled to future benefits	2022-01-01	16
Total of all active and inactive participants	2022-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	113
Number of participants with account balances	2022-01-01	113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	4
2021: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	91
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	21
Total of all active and inactive participants	2021-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	113
Number of participants with account balances	2021-01-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	7
2020: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	94
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	94
Number of participants with account balances	2020-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	10
2019: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	98
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	98
Number of participants with account balances	2019-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	8
2018: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	101
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	101
Number of participants with account balances	2018-01-01	101
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	13
2017: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	81
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	95
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	95
Number of participants with account balances	2017-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	72
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	81
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	0
Total of all active and inactive participants	2016-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	81
Number of participants with account balances	2016-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	6
2015: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	69
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	50
Number of retired or separated participants receiving benefits	2015-01-01	22
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	72
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	72
Number of participants with account balances	2015-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	53
Number of retired or separated participants receiving benefits	2014-01-01	7
Number of other retired or separated participants entitled to future benefits	2014-01-01	9
Total of all active and inactive participants	2014-01-01	69
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	69
Number of participants with account balances	2014-01-01	69
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	2
2013: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	61
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	51
Number of retired or separated participants receiving benefits	2013-01-01	6
Number of other retired or separated participants entitled to future benefits	2013-01-01	7
Total of all active and inactive participants	2013-01-01	64
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	64
Number of participants with account balances	2013-01-01	60
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	53
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	7
Total of all active and inactive participants	2012-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	60
Number of participants with account balances	2012-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	3

Financial Data on FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$114,270
Total plan liabilities at beginning of year	2022-12-31	$315,016
Total income from all sources	2022-12-31	$266,326
Expenses. Total of all expenses incurred	2022-12-31	$495,650
Benefits paid (including direct rollovers)	2022-12-31	$451,509
Total plan assets at end of year	2022-12-31	$6,627,982
Total plan assets at beginning of year	2022-12-31	$7,058,052
Value of fidelity bond covering the plan	2022-12-31	$2,000,000
Total contributions received or receivable from participants	2022-12-31	$444,731
Expenses. Other expenses not covered elsewhere	2022-12-31	$4,565
Contributions received from other sources (not participants or employers)	2022-12-31	$40,559
Other income received	2022-12-31	$-513,973
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-229,324
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$6,513,712
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$6,743,036
Assets. Value of participant loans	2022-12-31	$52,683
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2022-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2022-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$2,167,425
Total contributions received or receivable from employer(s)	2022-12-31	$295,009
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$2,418
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$37,158
2021 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$901
Total plan liabilities at end of year	2021-12-31	$315,016
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$2,032,278
Expenses. Total of all expenses incurred	2021-12-31	$964,202
Benefits paid (including direct rollovers)	2021-12-31	$945,836
Total plan assets at end of year	2021-12-31	$7,058,052
Total plan assets at beginning of year	2021-12-31	$5,674,059
Value of fidelity bond covering the plan	2021-12-31	$2,000,000
Total contributions received or receivable from participants	2021-12-31	$381,724
Expenses. Other expenses not covered elsewhere	2021-12-31	$17,911
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$1,175,548
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$1,068,076
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$6,743,036
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$5,674,059
Assets. Value of participant loans	2021-12-31	$53,501
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year	2021-12-31	$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year	2021-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$2,167,425
Total contributions received or receivable from employer(s)	2021-12-31	$475,006
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$455
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$1,302,269
Expenses. Total of all expenses incurred	2020-12-31	$420,210
Benefits paid (including direct rollovers)	2020-12-31	$420,210
Total plan assets at end of year	2020-12-31	$5,674,059
Total plan assets at beginning of year	2020-12-31	$4,792,000
Value of fidelity bond covering the plan	2020-12-31	$2,000,000
Total contributions received or receivable from participants	2020-12-31	$296,152
Contributions received from other sources (not participants or employers)	2020-12-31	$7,707
Other income received	2020-12-31	$769,916
Net income (gross income less expenses)	2020-12-31	$882,059
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$5,674,059
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$4,792,000
Assets. Value of participant loans	2020-12-31	$39,338
Assets. Value of employer securities	2020-12-31	$1,447,300
Total contributions received or receivable from employer(s)	2020-12-31	$228,494
2019 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$1,247,990
Expenses. Total of all expenses incurred	2019-12-31	$260,286
Benefits paid (including direct rollovers)	2019-12-31	$260,286
Total plan assets at end of year	2019-12-31	$4,792,000
Total plan assets at beginning of year	2019-12-31	$3,804,296
Value of fidelity bond covering the plan	2019-12-31	$2,000,000
Total contributions received or receivable from participants	2019-12-31	$265,954
Contributions received from other sources (not participants or employers)	2019-12-31	$7,817
Other income received	2019-12-31	$770,048
Net income (gross income less expenses)	2019-12-31	$987,704
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$4,792,000
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,804,296
Assets. Value of participant loans	2019-12-31	$24,838
Assets. Value of employer securities	2019-12-31	$1,334,052
Total contributions received or receivable from employer(s)	2019-12-31	$204,171
2018 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$591,321
Expenses. Total of all expenses incurred	2018-12-31	$147,867
Benefits paid (including direct rollovers)	2018-12-31	$147,867
Total plan assets at end of year	2018-12-31	$3,804,296
Total plan assets at beginning of year	2018-12-31	$3,360,842
Value of fidelity bond covering the plan	2018-12-31	$2,000,000
Total contributions received or receivable from participants	2018-12-31	$268,352
Contributions received from other sources (not participants or employers)	2018-12-31	$63,560
Other income received	2018-12-31	$68,257
Net income (gross income less expenses)	2018-12-31	$443,454
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,804,296
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,360,842
Assets. Value of participant loans	2018-12-31	$22,371
Assets. Value of employer securities	2018-12-31	$1,137,470
Total contributions received or receivable from employer(s)	2018-12-31	$191,152
2017 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$912,471
Expenses. Total of all expenses incurred	2017-12-31	$369,404
Benefits paid (including direct rollovers)	2017-12-31	$369,404
Total plan assets at end of year	2017-12-31	$3,360,842
Total plan assets at beginning of year	2017-12-31	$2,817,775
Value of fidelity bond covering the plan	2017-12-31	$2,000,000
Total contributions received or receivable from participants	2017-12-31	$212,518
Contributions received from other sources (not participants or employers)	2017-12-31	$4,437
Other income received	2017-12-31	$539,607
Net income (gross income less expenses)	2017-12-31	$543,067
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$3,360,842
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,817,775
Assets. Value of participant loans	2017-12-31	$28,647
Assets. Value of employer securities	2017-12-31	$900,480
Total contributions received or receivable from employer(s)	2017-12-31	$155,909
2016 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$533,849
Expenses. Total of all expenses incurred	2016-12-31	$268,250
Benefits paid (including direct rollovers)	2016-12-31	$268,250
Total plan assets at end of year	2016-12-31	$2,817,775
Total plan assets at beginning of year	2016-12-31	$2,552,176
Value of fidelity bond covering the plan	2016-12-31	$2,000,000
Total contributions received or receivable from participants	2016-12-31	$158,680
Other income received	2016-12-31	$284,569
Net income (gross income less expenses)	2016-12-31	$265,599
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,817,775
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$2,552,176
Assets. Value of participant loans	2016-12-31	$46,145
Assets. Value of employer securities	2016-12-31	$773,528
Total contributions received or receivable from employer(s)	2016-12-31	$90,600
2015 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$389,537
Expenses. Total of all expenses incurred	2015-12-31	$39,304
Benefits paid (including direct rollovers)	2015-12-31	$38,304
Total plan assets at end of year	2015-12-31	$2,552,176
Total plan assets at beginning of year	2015-12-31	$2,201,943
Value of fidelity bond covering the plan	2015-12-31	$2,000,000
Total contributions received or receivable from participants	2015-12-31	$131,560
Expenses. Other expenses not covered elsewhere	2015-12-31	$1,000
Contributions received from other sources (not participants or employers)	2015-12-31	$74,160
Other income received	2015-12-31	$112,261
Net income (gross income less expenses)	2015-12-31	$350,233
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$2,552,176
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$2,201,943
Assets. Value of participant loans	2015-12-31	$68,241
Assets. Value of employer securities	2015-12-31	$669,110
Total contributions received or receivable from employer(s)	2015-12-31	$71,556
2014 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$568,118
Expenses. Total of all expenses incurred	2014-12-31	$259,587
Benefits paid (including direct rollovers)	2014-12-31	$138,553
Total plan assets at end of year	2014-12-31	$2,201,943
Total plan assets at beginning of year	2014-12-31	$1,893,412
Value of fidelity bond covering the plan	2014-12-31	$2,000,000
Total contributions received or receivable from participants	2014-12-31	$131,092
Expenses. Other expenses not covered elsewhere	2014-12-31	$119,854
Contributions received from other sources (not participants or employers)	2014-12-31	$3,156
Other income received	2014-12-31	$362,314
Net income (gross income less expenses)	2014-12-31	$308,531
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,201,943
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,893,412
Assets. Value of participant loans	2014-12-31	$76,694
Assets. Value of employer securities	2014-12-31	$500,320
Total contributions received or receivable from employer(s)	2014-12-31	$71,556
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$1,180
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$496,565
Expenses. Total of all expenses incurred	2013-12-31	$63,170
Benefits paid (including direct rollovers)	2013-12-31	$62,095
Total plan assets at end of year	2013-12-31	$1,893,412
Total plan assets at beginning of year	2013-12-31	$1,460,017
Value of fidelity bond covering the plan	2013-12-31	$2,000,000
Total contributions received or receivable from participants	2013-12-31	$129,787
Other income received	2013-12-31	$295,222
Net income (gross income less expenses)	2013-12-31	$433,395
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,893,412
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,460,017
Assets. Value of participant loans	2013-12-31	$90,638
Assets. Value of employer securities	2013-12-31	$856,000
Total contributions received or receivable from employer(s)	2013-12-31	$71,556
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$1,075
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$415,145
Expenses. Total of all expenses incurred	2012-12-31	$33,521
Benefits paid (including direct rollovers)	2012-12-31	$32,616
Total plan assets at end of year	2012-12-31	$1,460,017
Total plan assets at beginning of year	2012-12-31	$1,078,393
Value of fidelity bond covering the plan	2012-12-31	$2,000,000
Total contributions received or receivable from participants	2012-12-31	$132,476
Contributions received from other sources (not participants or employers)	2012-12-31	$65,605
Other income received	2012-12-31	$157,064
Net income (gross income less expenses)	2012-12-31	$381,624
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,460,017
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,078,393
Assets. Value of employer securities	2012-12-31	$964,807
Total contributions received or receivable from employer(s)	2012-12-31	$60,000
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$905
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0

Form 5500 Responses for FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

2022: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FIRST UNITED BANK AND TRUST COMPANY 401(K) EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	103
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	113
Insurance policy start date	2021-12-15
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	FIRST UNITED BANK AND TRUST COMPANY
Employer identification number (EIN):	611299746
NAIC Classification:	522110
NAIC Description:	Commercial Banking