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FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 401k Plan overview

Plan NameFRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST
Plan identification number 501

FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Vision
  • Long-term disability cover
  • Other welfare benefit cover

401k Sponsoring company profile

FRANKLIN STATE BANK & TRUST CO. has sponsored the creation of one or more 401k plans.

Company Name:FRANKLIN STATE BANK & TRUST CO.
Employer identification number (EIN):720188710
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012016-01-01WILLIAM H. WALKER, III
5012015-01-01WILLIAM H. WALKER, III

Plan Statistics for FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST

401k plan membership statisitcs for FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST

Measure Date Value
2016: FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-0126
Total number of active participants reported on line 7a of the Form 55002016-01-010
Total of all active and inactive participants2016-01-010
2015: FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-0128
Total number of active participants reported on line 7a of the Form 55002015-01-0126
Total of all active and inactive participants2015-01-0126

Financial Data on FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST

Measure Date Value
2016 : FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2016 401k financial data
Total income from all sources2016-12-31$116,579
Expenses. Total of all expenses incurred2016-12-31$117,641
Benefits paid (including direct rollovers)2016-12-31$109,016
Total plan assets at end of year2016-12-31$0
Total plan assets at beginning of year2016-12-31$1,062
Expenses. Other expenses not covered elsewhere2016-12-31$8,625
Other income received2016-12-31$107,948
Net income (gross income less expenses)2016-12-31$-1,062
Net plan assets at end of year (total assets less liabilities)2016-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,062
Total contributions received or receivable from employer(s)2016-12-31$8,631
2015 : FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2015 401k financial data
Total income from all sources2015-12-31$480,883
Expenses. Total of all expenses incurred2015-12-31$479,821
Benefits paid (including direct rollovers)2015-12-31$466,131
Total plan assets at end of year2015-12-31$1,062
Total plan assets at beginning of year2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$13,690
Other income received2015-12-31$6,081
Net income (gross income less expenses)2015-12-31$1,062
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,062
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$474,802

Form 5500 Responses for FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST

2016: FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingYes
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FRANKLIN STATE BANK & TRUST COMPANY EMPLOYEE BENEFIT PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

DAVIS VISION (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract numberNOT AVAILABLE
Policy instance 1
UNITED CONCORDIA INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 85766 )
Policy contract numberNOT AVAILABLE
Policy instance 2
AMERICAN HERITAGE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60534 )
Policy contract numberNOT AVAILABLE
Policy instance 3
PHOENIX EXCESS RISK (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract numberNOT AVAILABLE
Policy instance 4
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract numberNOT AVAILABLE
Policy instance 5
AMERICAN HEALTH HOLDINGS (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract numberNOT AVAILABLE
Policy instance 6
PPO PLUS (National Association of Insurance Commissioners NAIC id number: 00000 )
Policy contract numberNOT AVAILABLE
Policy instance 7

Potentially related plans

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