401k Plan data: SYNERGY BANK RETIREMENT PLAN & TRUST plan

SYNERGY BANK RETIREMENT PLAN & TRUST 401k Plan overview

Plan Name	SYNERGY BANK RETIREMENT PLAN & TRUST
Plan identification number	001

SYNERGY BANK RETIREMENT PLAN & TRUST 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.
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.
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

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

Company Name: SYNERGY BANK

Employer identification number (EIN): 721433422

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about SYNERGY BANK

Jurisdiction of Incorporation: Louisiana Secretary Of State, Commercial Division

Incorporation Date:

Company Identification Number: 34760760B

More information about SYNERGY BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SYNERGY BANK RETIREMENT PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2012-01-01 BEN BORNE BEN BORNE 2013-06-06
001 2011-01-01 BEN BORNE BEN BORNE 2012-07-26
001 2009-01-01 BEN D. BORNE BEN D. BORNE 2010-07-16

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2012-01-01	BEN BORNE	BEN BORNE	2013-06-06
001	2011-01-01	BEN BORNE	BEN BORNE	2012-07-26
001	2009-01-01	BEN D. BORNE	BEN D. BORNE	2010-07-16

Plan Statistics for SYNERGY BANK RETIREMENT PLAN & TRUST

401k plan membership statisitcs for SYNERGY BANK RETIREMENT PLAN & TRUST

Measure Date Value
2012: SYNERGY BANK RETIREMENT PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 87
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 11
Total of all active and inactive participants 2012-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 98
Number of participants with account balances 2012-01-01 87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 2
2011: SYNERGY BANK RETIREMENT PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 74
Number of other retired or separated participants entitled to future benefits 2011-01-01 11
Total of all active and inactive participants 2011-01-01 85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 85
Number of participants with account balances 2011-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2009: SYNERGY BANK RETIREMENT PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 67
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 72
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 77
Number of participants with account balances 2009-01-01 76

Measure	Date	Value
2012: SYNERGY BANK RETIREMENT PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	87
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	11
Total of all active and inactive participants	2012-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	98
Number of participants with account balances	2012-01-01	87
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	2
2011: SYNERGY BANK RETIREMENT PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	74
Number of other retired or separated participants entitled to future benefits	2011-01-01	11
Total of all active and inactive participants	2011-01-01	85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	85
Number of participants with account balances	2011-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2009: SYNERGY BANK RETIREMENT PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	67
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	72
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	77
Number of participants with account balances	2009-01-01	76

Financial Data on SYNERGY BANK RETIREMENT PLAN & TRUST

Measure	Date	Value
2013 : SYNERGY BANK RETIREMENT PLAN & TRUST 2013 401k financial data
Transfers to/from the plan	2013-12-31	$-5,167,254
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$1,266,540
Expenses. Total of all expenses incurred	2013-12-31	$247,377
Benefits paid (including direct rollovers)	2013-12-31	$247,377
Total plan assets at end of year	2013-12-31	$0
Total plan assets at beginning of year	2013-12-31	$4,148,091
Value of fidelity bond covering the plan	2013-12-31	$3,000,000
Total contributions received or receivable from participants	2013-12-31	$261,250
Contributions received from other sources (not participants or employers)	2013-12-31	$64,697
Other income received	2013-12-31	$769,171
Net income (gross income less expenses)	2013-12-31	$1,019,163
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$4,148,091
Assets. Value of participant loans	2013-12-31	$0
Total contributions received or receivable from employer(s)	2013-12-31	$171,422
2012 : SYNERGY BANK RETIREMENT PLAN & TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$1,024,425
Expenses. Total of all expenses incurred	2012-12-31	$93,801
Benefits paid (including direct rollovers)	2012-12-31	$93,801
Total plan assets at end of year	2012-12-31	$4,148,091
Total plan assets at beginning of year	2012-12-31	$3,217,467
Value of fidelity bond covering the plan	2012-12-31	$3,000,000
Total contributions received or receivable from participants	2012-12-31	$286,705
Contributions received from other sources (not participants or employers)	2012-12-31	$112,834
Other income received	2012-12-31	$454,698
Net income (gross income less expenses)	2012-12-31	$930,624
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$4,148,091
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$3,217,467
Assets. Value of participant loans	2012-12-31	$106,489
Total contributions received or receivable from employer(s)	2012-12-31	$170,188
2011 : SYNERGY BANK RETIREMENT PLAN & TRUST 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total income from all sources	2011-12-31	$462,359
Expenses. Total of all expenses incurred	2011-12-31	$75,736
Benefits paid (including direct rollovers)	2011-12-31	$75,736
Total plan assets at end of year	2011-12-31	$3,217,467
Total plan assets at beginning of year	2011-12-31	$2,830,844
Value of fidelity bond covering the plan	2011-12-31	$3,000,000
Total contributions received or receivable from participants	2011-12-31	$266,169
Contributions received from other sources (not participants or employers)	2011-12-31	$29,537
Other income received	2011-12-31	$5,046
Net income (gross income less expenses)	2011-12-31	$386,623
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,217,467
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,830,844
Assets. Value of participant loans	2011-12-31	$2,499
Total contributions received or receivable from employer(s)	2011-12-31	$161,607
2010 : SYNERGY BANK RETIREMENT PLAN & TRUST 2010 401k financial data
Total income from all sources	2010-12-31	$626,087
Expenses. Total of all expenses incurred	2010-12-31	$16,548
Benefits paid (including direct rollovers)	2010-12-31	$16,548
Total plan assets at end of year	2010-12-31	$2,830,844
Total plan assets at beginning of year	2010-12-31	$2,221,305
Value of fidelity bond covering the plan	2010-12-31	$2,000,000
Total contributions received or receivable from participants	2010-12-31	$231,697
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$273,213
Net income (gross income less expenses)	2010-12-31	$609,539
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,830,844
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,221,305
Total contributions received or receivable from employer(s)	2010-12-31	$121,177

Form 5500 Responses for SYNERGY BANK RETIREMENT PLAN & TRUST

2012: SYNERGY BANK RETIREMENT PLAN & TRUST 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
2011: SYNERGY BANK RETIREMENT PLAN & TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: SYNERGY BANK RETIREMENT PLAN & TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

SYNERGY BANK, S.S.B. 401K PLAN [EIN = 742870640]

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Company Name:	SYNERGY BANK
Employer identification number (EIN):	721433422
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Louisiana Secretary Of State, Commercial Division
Incorporation Date:
Company Identification Number:	34760760B