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COPPERMARK BANK 401(K) PLAN 401k Plan overview

Plan NameCOPPERMARK BANK 401(K) PLAN
Plan identification number 001

COPPERMARK BANK 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:COPPERMARK BANK
Employer identification number (EIN):730729560
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about COPPERMARK BANK

Jurisdiction of Incorporation: Oklahoma Secretary Of State
Incorporation Date:
Company Identification Number: 1100591747

More information about COPPERMARK BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COPPERMARK BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01CELINE FERGUSON, CFO JACQUELINE FIEGEL2013-07-23
0012011-01-01CELINE FERGUSON, CFO LISA FLEMING2012-10-01
0012009-01-01TERE BETTIS

Plan Statistics for COPPERMARK BANK 401(K) PLAN

401k plan membership statisitcs for COPPERMARK BANK 401(K) PLAN

Measure Date Value
2012: COPPERMARK BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01316
Total number of active participants reported on line 7a of the Form 55002012-01-01203
Number of other retired or separated participants entitled to future benefits2012-01-0185
Total of all active and inactive participants2012-01-01288
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-011
Total participants2012-01-01289
Number of participants with account balances2012-01-01289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0124
2011: COPPERMARK BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01321
Total number of active participants reported on line 7a of the Form 55002011-01-01195
Number of retired or separated participants receiving benefits2011-01-0112
Number of other retired or separated participants entitled to future benefits2011-01-0182
Total of all active and inactive participants2011-01-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-011
Total participants2011-01-01290
Number of participants with account balances2011-01-01290
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0138
2009: COPPERMARK BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01330
Total number of active participants reported on line 7a of the Form 55002009-01-01223
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0189
Total of all active and inactive participants2009-01-01312
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01313
Number of participants with account balances2009-01-01311
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0130

Financial Data on COPPERMARK BANK 401(K) PLAN

Measure Date Value
2013 : COPPERMARK BANK 401(K) PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-05-03$2,010,856
Total of all expenses incurred2013-05-03$19,815,666
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-05-03$19,791,226
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-05-03$473,312
Value of total assets at end of year2013-05-03$0
Value of total assets at beginning of year2013-05-03$17,804,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-05-03$24,440
Total interest from all sources2013-05-03$2,219
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-05-03Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-05-03$0
Was this plan covered by a fidelity bond2013-05-03Yes
Value of fidelity bond cover2013-05-03$10,000,000
If this is an individual account plan, was there a blackout period2013-05-03No
Were there any nonexempt tranactions with any party-in-interest2013-05-03No
Contributions received from participants2013-05-03$348,427
Participant contributions at end of year2013-05-03$0
Participant contributions at beginning of year2013-05-03$341,552
Participant contributions at end of year2013-05-03$0
Participant contributions at beginning of year2013-05-03$22,535
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-05-03$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-05-03$14,610
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-05-03No
Value of net income/loss2013-05-03$-17,804,810
Value of net assets at end of year (total assets less liabilities)2013-05-03$0
Value of net assets at beginning of year (total assets less liabilities)2013-05-03$17,804,810
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-05-03No
Were any loans by the plan or fixed income obligations due to the plan in default2013-05-03No
Were any leases to which the plan was party in default or uncollectible2013-05-03No
Investment advisory and management fees2013-05-03$7,656
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-05-03$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-05-03$17,185,491
Interest on participant loans2013-05-03$2,219
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-05-03$1,535,325
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-05-03No
Was there a failure to transmit to the plan any participant contributions2013-05-03No
Has the plan failed to provide any benefit when due under the plan2013-05-03No
Contributions received in cash from employer2013-05-03$124,885
Employer contributions (assets) at end of year2013-05-03$0
Employer contributions (assets) at beginning of year2013-05-03$240,622
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-05-03$19,791,226
Contract administrator fees2013-05-03$16,784
Did the plan have assets held for investment2013-05-03No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-05-03No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-05-03Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-05-03Yes
Opinion of an independent qualified public accountant for this plan2013-05-03Disclaimer
Accountancy firm name2013-05-03EIDEBAILLY
Accountancy firm EIN2013-05-03450250958
2012 : COPPERMARK BANK 401(K) PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$3,211,433
Total of all expenses incurred2012-12-31$1,586,716
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,473,136
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,296,003
Value of total assets at end of year2012-12-31$17,804,810
Value of total assets at beginning of year2012-12-31$16,180,093
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$113,580
Total interest from all sources2012-12-31$12,070
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$9,948
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$739,532
Participant contributions at end of year2012-12-31$341,552
Participant contributions at beginning of year2012-12-31$355,503
Participant contributions at end of year2012-12-31$22,535
Participant contributions at beginning of year2012-12-31$22,344
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$72,800
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$14,610
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$5,071
Administrative expenses (other) incurred2012-12-31$37,303
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$1,624,717
Value of net assets at end of year (total assets less liabilities)2012-12-31$17,804,810
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$16,180,093
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
Investment advisory and management fees2012-12-31$48,193
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$17,185,491
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$15,577,872
Interest on participant loans2012-12-31$12,070
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,903,360
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$483,671
Employer contributions (assets) at end of year2012-12-31$240,622
Employer contributions (assets) at beginning of year2012-12-31$219,303
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,473,136
Contract administrator fees2012-12-31$18,136
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 name2012-12-31EIDEBAILLY
Accountancy firm EIN2012-12-31450250958
2011 : COPPERMARK BANK 401(K) PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$1,017,795
Total of all expenses incurred2011-12-31$1,775,379
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,660,990
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,188,485
Value of total assets at end of year2011-12-31$16,180,093
Value of total assets at beginning of year2011-12-31$16,937,677
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$114,389
Total interest from all sources2011-12-31$11,214
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$9,748
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$714,494
Participant contributions at end of year2011-12-31$355,503
Participant contributions at beginning of year2011-12-31$288,271
Participant contributions at end of year2011-12-31$22,344
Participant contributions at beginning of year2011-12-31$27,375
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$21,572
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$5,071
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$4,657
Administrative expenses (other) incurred2011-12-31$35,608
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-757,584
Value of net assets at end of year (total assets less liabilities)2011-12-31$16,180,093
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$16,937,677
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
Investment advisory and management fees2011-12-31$50,139
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$15,577,872
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$16,396,413
Interest on participant loans2011-12-31$11,214
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-181,904
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$452,419
Employer contributions (assets) at end of year2011-12-31$219,303
Employer contributions (assets) at beginning of year2011-12-31$220,961
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,660,990
Contract administrator fees2011-12-31$18,894
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 name2011-12-31EIDE BAILLY LLP
Accountancy firm EIN2011-12-31450250958
2010 : COPPERMARK BANK 401(K) PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$3,086,010
Total of all expenses incurred2010-12-31$859,836
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$711,266
Value of total corrective distributions2010-12-31$634
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,208,486
Value of total assets at end of year2010-12-31$16,937,677
Value of total assets at beginning of year2010-12-31$14,711,503
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$147,936
Total interest from all sources2010-12-31$11,016
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$5,248
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$733,016
Participant contributions at end of year2010-12-31$288,271
Participant contributions at beginning of year2010-12-31$227,796
Participant contributions at end of year2010-12-31$27,375
Participant contributions at beginning of year2010-12-31$25,114
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$10,413
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$4,657
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$3,931
Administrative expenses (other) incurred2010-12-31$70,394
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$2,226,174
Value of net assets at end of year (total assets less liabilities)2010-12-31$16,937,677
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$14,711,503
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
Investment advisory and management fees2010-12-31$56,126
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$16,396,413
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$14,376,346
Interest on participant loans2010-12-31$11,016
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,866,508
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$465,057
Employer contributions (assets) at end of year2010-12-31$220,961
Employer contributions (assets) at beginning of year2010-12-31$78,316
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$711,266
Contract administrator fees2010-12-31$16,168
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 name2010-12-31EIDE BAILLY LLP
Accountancy firm EIN2010-12-31450250958

Form 5500 Responses for COPPERMARK BANK 401(K) PLAN

2012: COPPERMARK BANK 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: COPPERMARK BANK 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: COPPERMARK BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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