CENTENNIAL BANK, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN
401k plan membership statisitcs for FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN
Measure | Date | Value |
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2022 : FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 | $-986,944 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $318,349 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $262,539 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $703,570 |
Value of total assets at end of year | 2022-12-31 | $8,518,602 |
Value of total assets at beginning of year | 2022-12-31 | $9,823,895 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $55,810 |
Total interest from all sources | 2022-12-31 | $1,593 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $428,758 |
Participant contributions at end of year | 2022-12-31 | $34,705 |
Participant contributions at beginning of year | 2022-12-31 | $19,317 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $93,079 |
Other income not declared elsewhere | 2022-12-31 | $11,316 |
Administrative expenses (other) incurred | 2022-12-31 | $0 |
Total non interest bearing cash at end of year | 2022-12-31 | $289 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $62 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,305,293 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,518,602 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $9,823,895 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $8,459,544 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $9,801,565 |
Interest on participant loans | 2022-12-31 | $1,546 |
Interest earned on other investments | 2022-12-31 | $47 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $22,012 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $1,290 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,703,423 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $181,733 |
Employer contributions (assets) at end of year | 2022-12-31 | $2,052 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,661 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $262,539 |
Contract administrator fees | 2022-12-31 | $55,810 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | ALEXANDER THOMPSON ARNOLD PLLC |
Accountancy firm EIN | 2022-12-31 | 621110839 |
2021 : FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-12-31 | $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 | $1,838,584 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $88,991 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $31,577 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $722,801 |
Value of total assets at end of year | 2021-12-31 | $9,823,895 |
Value of total assets at beginning of year | 2021-12-31 | $8,074,302 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $57,414 |
Total interest from all sources | 2021-12-31 | $981 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $400,416 |
Participant contributions at end of year | 2021-12-31 | $19,317 |
Participant contributions at beginning of year | 2021-12-31 | $8,022 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $152,705 |
Other income not declared elsewhere | 2021-12-31 | $11,761 |
Administrative expenses (other) incurred | 2021-12-31 | $0 |
Total non interest bearing cash at end of year | 2021-12-31 | $62 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,749,593 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $9,823,895 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $8,074,302 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $9,801,565 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $8,063,340 |
Interest on participant loans | 2021-12-31 | $977 |
Interest earned on other investments | 2021-12-31 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $4 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $1,290 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $681 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,103,041 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $169,680 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,661 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $2,259 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $31,577 |
Contract administrator fees | 2021-12-31 | $57,414 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | ALEXANDER THOMPSON ARNOLD PLLC |
Accountancy firm EIN | 2021-12-31 | 621110839 |
2020 : FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN 2020 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2020-12-31 | $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 | $1,564 |
Total income from all sources (including contributions) | 2020-12-31 | $1,725,080 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $254,913 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $211,106 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $551,092 |
Value of total assets at end of year | 2020-12-31 | $8,074,302 |
Value of total assets at beginning of year | 2020-12-31 | $6,605,699 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $43,807 |
Total interest from all sources | 2020-12-31 | $448 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $370,407 |
Participant contributions at end of year | 2020-12-31 | $8,022 |
Participant contributions at beginning of year | 2020-12-31 | $5,273 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $22,404 |
Other income not declared elsewhere | 2020-12-31 | $8,889 |
Administrative expenses (other) incurred | 2020-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $1,564 |
Total non interest bearing cash at end of year | 2020-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $3,009 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $1,470,167 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $8,074,302 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $6,604,135 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $8,063,340 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $6,597,345 |
Interest on participant loans | 2020-12-31 | $446 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $2 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $681 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $72 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,164,651 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $158,281 |
Employer contributions (assets) at end of year | 2020-12-31 | $2,259 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $211,106 |
Contract administrator fees | 2020-12-31 | $43,807 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | ALEXANDER THOMPSON ARNOLD PLLC |
Accountancy firm EIN | 2020-12-31 | 621110839 |
2019 : FARMERS & MERCHANTS BANK INC PROFIT SHARING PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $1,564 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $2,337 |
Total income from all sources (including contributions) | 2019-12-31 | $1,614,916 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $285,850 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $246,031 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $473,159 |
Value of total assets at end of year | 2019-12-31 | $6,605,699 |
Value of total assets at beginning of year | 2019-12-31 | $5,277,406 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $39,819 |
Total interest from all sources | 2019-12-31 | $441 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $329,667 |
Participant contributions at end of year | 2019-12-31 | $5,273 |
Participant contributions at beginning of year | 2019-12-31 | $6,420 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $0 |
Other income not declared elsewhere | 2019-12-31 | $7,791 |
Administrative expenses (other) incurred | 2019-12-31 | $0 |
Liabilities. Value of operating payables at end of year | 2019-12-31 | $1,564 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $2,337 |
Total non interest bearing cash at end of year | 2019-12-31 | $3,009 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $4,645 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $1,329,066 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $6,604,135 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $5,275,069 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $6,597,345 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $5,266,269 |
Interest on participant loans | 2019-12-31 | $360 |
Interest earned on other investments | 2019-12-31 | $81 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $72 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $72 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,133,525 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $143,492 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $246,031 |
Contract administrator fees | 2019-12-31 | $39,819 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | ALEXANDER THOMPSON ARNOLD PLLC |
Accountancy firm EIN | 2019-12-31 | 621110839 |