F & M BANCSHARES, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN
401k plan membership statisitcs for F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN
Measure | Date | Value |
---|
2022: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 401k membership |
---|
Total participants, beginning-of-year | 2022-01-01 | 131 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 98 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 1 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 26 |
Total of all active and inactive participants | 2022-01-01 | 125 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 125 |
Number of participants with account balances | 2022-01-01 | 100 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 2 |
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k membership |
---|
Total participants, beginning-of-year | 2021-01-01 | 146 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 102 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 44 |
Total of all active and inactive participants | 2021-01-01 | 146 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 146 |
Number of participants with account balances | 2021-01-01 | 119 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 1 |
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k membership |
---|
Total participants, beginning-of-year | 2020-01-01 | 150 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 101 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 42 |
Total of all active and inactive participants | 2020-01-01 | 145 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 145 |
Number of participants with account balances | 2020-01-01 | 121 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 2 |
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k membership |
---|
Total participants, beginning-of-year | 2019-01-01 | 150 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 102 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 46 |
Total of all active and inactive participants | 2019-01-01 | 150 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
Total participants | 2019-01-01 | 150 |
Number of participants with account balances | 2019-01-01 | 126 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
2018: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2018 401k membership |
---|
Total participants, beginning-of-year | 2018-01-01 | 159 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 105 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 53 |
Total of all active and inactive participants | 2018-01-01 | 160 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 0 |
Total participants | 2018-01-01 | 160 |
Number of participants with account balances | 2018-01-01 | 134 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 5 |
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k membership |
---|
Total participants, beginning-of-year | 2017-01-01 | 165 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 104 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 4 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 56 |
Total of all active and inactive participants | 2017-01-01 | 164 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 164 |
Number of participants with account balances | 2017-01-01 | 135 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 2 |
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k membership |
---|
Total participants, beginning-of-year | 2016-01-01 | 142 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 90 |
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 | 58 |
Total of all active and inactive participants | 2016-01-01 | 148 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 0 |
Total participants | 2016-01-01 | 148 |
Number of participants with account balances | 2016-01-01 | 123 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-01-01 | 3 |
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k membership |
---|
Total participants, beginning-of-year | 2015-01-01 | 131 |
Total number of active participants reported on line 7a of the Form 5500 | 2015-01-01 | 85 |
Number of retired or separated participants receiving benefits | 2015-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2015-01-01 | 48 |
Total of all active and inactive participants | 2015-01-01 | 133 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-01-01 | 0 |
Total participants | 2015-01-01 | 133 |
Number of participants with account balances | 2015-01-01 | 120 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-01-01 | 4 |
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k membership |
---|
Total participants, beginning-of-year | 2014-01-01 | 124 |
Total number of active participants reported on line 7a of the Form 5500 | 2014-01-01 | 80 |
Number of retired or separated participants receiving benefits | 2014-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2014-01-01 | 43 |
Total of all active and inactive participants | 2014-01-01 | 123 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-01-01 | 0 |
Total participants | 2014-01-01 | 123 |
Number of participants with account balances | 2014-01-01 | 112 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-01-01 | 4 |
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k membership |
---|
Total participants, beginning-of-year | 2013-01-01 | 113 |
Total number of active participants reported on line 7a of the Form 5500 | 2013-01-01 | 75 |
Number of retired or separated participants receiving benefits | 2013-01-01 | 15 |
Number of other retired or separated participants entitled to future benefits | 2013-01-01 | 33 |
Total of all active and inactive participants | 2013-01-01 | 123 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-01-01 | 0 |
Total participants | 2013-01-01 | 123 |
Number of participants with account balances | 2013-01-01 | 115 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-01-01 | 0 |
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k membership |
---|
Total participants, beginning-of-year | 2012-01-01 | 108 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 77 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 6 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 26 |
Total of all active and inactive participants | 2012-01-01 | 109 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 0 |
Total participants | 2012-01-01 | 109 |
Number of participants with account balances | 2012-01-01 | 109 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-01-01 | 10 |
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k membership |
---|
Total participants, beginning-of-year | 2011-01-01 | 113 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 71 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 10 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 16 |
Total of all active and inactive participants | 2011-01-01 | 97 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 0 |
Total participants | 2011-01-01 | 97 |
Number of participants with account balances | 2011-01-01 | 91 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-01-01 | 6 |
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k membership |
---|
Total participants, beginning-of-year | 2010-01-01 | 109 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 71 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 7 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 35 |
Total of all active and inactive participants | 2010-01-01 | 113 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
Total participants | 2010-01-01 | 113 |
Number of participants with account balances | 2010-01-01 | 112 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 4 |
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k membership |
---|
Total participants, beginning-of-year | 2009-01-01 | 111 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 69 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 4 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 35 |
Total of all active and inactive participants | 2009-01-01 | 108 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 1 |
Total participants | 2009-01-01 | 109 |
Number of participants with account balances | 2009-01-01 | 10 |
Measure | Date | Value |
---|
2022 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 401k financial data |
---|
Total income from all sources (including contributions) | 2022-12-31 | $-698,788 |
Total of all expenses incurred | 2022-12-31 | $565,873 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $458,086 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $742,200 |
Value of total assets at end of year | 2022-12-31 | $9,247,898 |
Value of total assets at beginning of year | 2022-12-31 | $10,512,559 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $107,787 |
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 | $2,000,000 |
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 | $423,386 |
Participant contributions at end of year | 2022-12-31 | $0 |
Participant contributions at beginning of year | 2022-12-31 | $0 |
Participant contributions at end of year | 2022-12-31 | $9,855 |
Participant contributions at beginning of year | 2022-12-31 | $9,064 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $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 | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-1,264,661 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $9,247,898 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $10,512,559 |
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 |
Investment advisory and management fees | 2022-12-31 | $95,752 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $8,698,771 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $10,022,235 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $530,461 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $473,071 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,440,988 |
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 | $318,814 |
Employer contributions (assets) at end of year | 2022-12-31 | $8,811 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $8,189 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $458,086 |
Contract administrator fees | 2022-12-31 | $12,035 |
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 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2022-12-31 | 730604334 |
2021 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k financial data |
---|
Total income from all sources (including contributions) | 2021-12-31 | $2,083,600 |
Total of all expenses incurred | 2021-12-31 | $561,907 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $465,823 |
Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $704,426 |
Value of total assets at end of year | 2021-12-31 | $10,512,559 |
Value of total assets at beginning of year | 2021-12-31 | $8,990,866 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $96,084 |
Total interest from all sources | 2021-12-31 | $0 |
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 |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $0 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $2,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $421,114 |
Participant contributions at end of year | 2021-12-31 | $0 |
Participant contributions at beginning of year | 2021-12-31 | $0 |
Participant contributions at end of year | 2021-12-31 | $9,064 |
Participant contributions at beginning of year | 2021-12-31 | $8,733 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) 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 | $1,521,693 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $10,512,559 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $8,990,866 |
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 |
Investment advisory and management fees | 2021-12-31 | $90,307 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $10,022,235 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $8,712,326 |
Interest on participant loans | 2021-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $55,491 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $55,491 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $473,071 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $206,648 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2021-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,379,174 |
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 | $283,312 |
Employer contributions (assets) at end of year | 2021-12-31 | $8,189 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $7,668 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $465,823 |
Contract administrator fees | 2021-12-31 | $5,777 |
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 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2021-12-31 | 730604334 |
2020 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k financial data |
---|
Total income from all sources (including contributions) | 2020-12-31 | $1,580,014 |
Total of all expenses incurred | 2020-12-31 | $239,569 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $162,039 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $784,890 |
Value of total assets at end of year | 2020-12-31 | $8,990,866 |
Value of total assets at beginning of year | 2020-12-31 | $7,650,421 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $77,530 |
Total interest from all sources | 2020-12-31 | $0 |
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 |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $0 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $2,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $403,867 |
Participant contributions at end of year | 2020-12-31 | $0 |
Participant contributions at end of year | 2020-12-31 | $8,733 |
Participant contributions at beginning of year | 2020-12-31 | $8,411 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $51,907 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $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 | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $1,340,445 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $8,990,866 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $7,650,421 |
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 |
Investment advisory and management fees | 2020-12-31 | $76,594 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $8,712,326 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $7,390,305 |
Interest on participant loans | 2020-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $55,491 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $54,460 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $54,460 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $206,648 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $189,697 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $795,124 |
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 | $329,116 |
Employer contributions (assets) at end of year | 2020-12-31 | $7,668 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $7,548 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $162,039 |
Contract administrator fees | 2020-12-31 | $936 |
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 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2020-12-31 | 730604334 |
2019 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k financial data |
---|
Total income from all sources (including contributions) | 2019-12-31 | $1,861,640 |
Total of all expenses incurred | 2019-12-31 | $1,332,407 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,255,727 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $644,141 |
Value of total assets at end of year | 2019-12-31 | $7,650,421 |
Value of total assets at beginning of year | 2019-12-31 | $7,121,188 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $76,680 |
Total interest from all sources | 2019-12-31 | $2,485 |
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 | $2,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $361,459 |
Participant contributions at end of year | 2019-12-31 | $8,411 |
Participant contributions at beginning of year | 2019-12-31 | $8,786 |
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 | $529,233 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $7,650,421 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $7,121,188 |
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 |
Investment advisory and management fees | 2019-12-31 | $75,380 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $7,390,305 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $6,807,763 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $54,460 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $47,178 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $47,178 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $2,485 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $189,697 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $249,746 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,215,014 |
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 | $282,682 |
Employer contributions (assets) at end of year | 2019-12-31 | $7,548 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $7,715 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,255,727 |
Contract administrator fees | 2019-12-31 | $1,300 |
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 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2019-12-31 | 730604334 |
2018 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2018 401k financial data |
---|
Total income from all sources (including contributions) | 2018-12-31 | $267,696 |
Total of all expenses incurred | 2018-12-31 | $230,888 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $182,012 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $736,197 |
Value of total assets at end of year | 2018-12-31 | $7,121,188 |
Value of total assets at beginning of year | 2018-12-31 | $7,084,380 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $48,876 |
Total interest from all sources | 2018-12-31 | $3,677 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $4,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $368,556 |
Participant contributions at end of year | 2018-12-31 | $8,786 |
Participant contributions at beginning of year | 2018-12-31 | $8,586 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $84,114 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $36,808 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $7,121,188 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $7,084,380 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $47,730 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $6,807,763 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $6,797,578 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $47,178 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $17,529 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $17,529 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $3,677 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $249,746 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $251,984 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-472,178 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $283,527 |
Employer contributions (assets) at end of year | 2018-12-31 | $7,715 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $8,703 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $182,012 |
Contract administrator fees | 2018-12-31 | $1,146 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
Accountancy firm name | 2018-12-31 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2018-12-31 | 730604334 |
2017 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k financial data |
---|
Total income from all sources (including contributions) | 2017-12-31 | $1,829,778 |
Total of all expenses incurred | 2017-12-31 | $245,154 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $194,723 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $830,517 |
Value of total assets at end of year | 2017-12-31 | $7,084,380 |
Value of total assets at beginning of year | 2017-12-31 | $5,499,756 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $50,431 |
Total interest from all sources | 2017-12-31 | $1,490 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $3,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $367,650 |
Participant contributions at end of year | 2017-12-31 | $8,586 |
Participant contributions at beginning of year | 2017-12-31 | $9,609 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $179,192 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $1,584,624 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $7,084,380 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $5,499,756 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $48,983 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $6,797,578 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $5,288,819 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $17,529 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $9,024 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $9,024 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $1,490 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $251,984 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $185,300 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $997,771 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $283,675 |
Employer contributions (assets) at end of year | 2017-12-31 | $8,703 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $7,004 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $194,723 |
Contract administrator fees | 2017-12-31 | $1,448 |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
Accountancy firm name | 2017-12-31 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2017-12-31 | 730604334 |
2016 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k financial data |
---|
Total income from all sources (including contributions) | 2016-12-31 | $959,196 |
Total of all expenses incurred | 2016-12-31 | $430,635 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $388,480 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $614,421 |
Value of total assets at end of year | 2016-12-31 | $5,499,756 |
Value of total assets at beginning of year | 2016-12-31 | $4,971,195 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $42,155 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $3,500,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $310,472 |
Participant contributions at beginning of year | 2016-12-31 | $0 |
Participant contributions at end of year | 2016-12-31 | $9,609 |
Participant contributions at beginning of year | 2016-12-31 | $6,714 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $88,332 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $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 | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $528,561 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $5,499,756 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $4,971,195 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $40,272 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $5,288,819 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $4,732,799 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $9,024 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $18,607 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $18,607 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $185,300 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $206,301 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $344,775 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $215,617 |
Employer contributions (assets) at end of year | 2016-12-31 | $7,004 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $6,774 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $388,480 |
Contract administrator fees | 2016-12-31 | $1,883 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2016-12-31 | 730604334 |
2015 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k financial data |
---|
Total income from all sources (including contributions) | 2015-12-31 | $328,655 |
Total of all expenses incurred | 2015-12-31 | $482,855 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $442,814 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $486,247 |
Value of total assets at end of year | 2015-12-31 | $4,971,195 |
Value of total assets at beginning of year | 2015-12-31 | $5,125,395 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $40,041 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $3,500,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $274,069 |
Participant contributions at end of year | 2015-12-31 | $0 |
Participant contributions at end of year | 2015-12-31 | $6,714 |
Participant contributions at beginning of year | 2015-12-31 | $6,049 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $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 | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-154,200 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $4,971,195 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $5,125,395 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $39,159 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $4,732,799 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $4,776,021 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $18,607 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $2,549 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $2,549 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $206,301 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $325,439 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-157,592 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $212,178 |
Employer contributions (assets) at end of year | 2015-12-31 | $6,774 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $15,337 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $442,814 |
Contract administrator fees | 2015-12-31 | $882 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | FINLEY & COOK P.L.L.C. |
Accountancy firm EIN | 2015-12-31 | 730604334 |
2014 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k financial data |
---|
Total income from all sources (including contributions) | 2014-12-31 | $917,369 |
Total of all expenses incurred | 2014-12-31 | $51,355 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $51,355 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $568,519 |
Value of total assets at end of year | 2014-12-31 | $5,125,395 |
Value of total assets at beginning of year | 2014-12-31 | $4,259,381 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $3,500,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $255,280 |
Participant contributions at end of year | 2014-12-31 | $6,049 |
Participant contributions at beginning of year | 2014-12-31 | $5,987 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $105,014 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $866,014 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $5,125,395 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $4,259,381 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $5,104,009 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $4,236,577 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $348,850 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $208,225 |
Employer contributions (assets) at end of year | 2014-12-31 | $15,337 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $16,817 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $51,355 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
Accountancy firm name | 2014-12-31 | FINLEY & COOK, P.L.L.C. |
Accountancy firm EIN | 2014-12-31 | 730604334 |
2013 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k financial data |
---|
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 | $1,237,382 |
Expenses. Total of all expenses incurred | 2013-12-31 | $95,021 |
Benefits paid (including direct rollovers) | 2013-12-31 | $95,021 |
Total plan assets at end of year | 2013-12-31 | $4,259,381 |
Total plan assets at beginning of year | 2013-12-31 | $3,117,020 |
Total contributions received or receivable from participants | 2013-12-31 | $243,365 |
Contributions received from other sources (not participants or employers) | 2013-12-31 | $47,882 |
Other income received | 2013-12-31 | $755,359 |
Net income (gross income less expenses) | 2013-12-31 | $1,142,361 |
Net plan assets at end of year (total assets less liabilities) | 2013-12-31 | $4,259,381 |
Net plan assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,117,020 |
Total contributions received or receivable from employer(s) | 2013-12-31 | $190,776 |
Value of certain deemed distributions of participant loans | 2013-12-31 | $0 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2013-12-31 | $0 |
2012 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k financial data |
---|
Total plan liabilities at end of year | 2012-12-31 | $0 |
Total plan liabilities at beginning of year | 2012-12-31 | $0 |
Total income from all sources | 2012-12-31 | $722,854 |
Expenses. Total of all expenses incurred | 2012-12-31 | $82,378 |
Benefits paid (including direct rollovers) | 2012-12-31 | $82,378 |
Total plan assets at end of year | 2012-12-31 | $3,121,322 |
Total plan assets at beginning of year | 2012-12-31 | $2,480,846 |
Value of fidelity bond covering the plan | 2012-12-31 | $3,500,000 |
Total contributions received or receivable from participants | 2012-12-31 | $217,486 |
Contributions received from other sources (not participants or employers) | 2012-12-31 | $46,419 |
Other income received | 2012-12-31 | $281,252 |
Net income (gross income less expenses) | 2012-12-31 | $640,476 |
Net plan assets at end of year (total assets less liabilities) | 2012-12-31 | $3,121,322 |
Net plan assets at beginning of year (total assets less liabilities) | 2012-12-31 | $2,480,846 |
Total contributions received or receivable from employer(s) | 2012-12-31 | $177,697 |
2011 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k financial data |
---|
Total plan liabilities at end of year | 2011-12-31 | $0 |
Total plan liabilities at beginning of year | 2011-12-31 | $0 |
Total income from all sources | 2011-12-31 | $186,233 |
Expenses. Total of all expenses incurred | 2011-12-31 | $326,860 |
Benefits paid (including direct rollovers) | 2011-12-31 | $326,860 |
Total plan assets at end of year | 2011-12-31 | $2,480,846 |
Total plan assets at beginning of year | 2011-12-31 | $2,621,473 |
Value of fidelity bond covering the plan | 2011-12-31 | $7,000,000 |
Total contributions received or receivable from participants | 2011-12-31 | $191,295 |
Other income received | 2011-12-31 | $-151,415 |
Net income (gross income less expenses) | 2011-12-31 | $-140,627 |
Net plan assets at end of year (total assets less liabilities) | 2011-12-31 | $2,480,846 |
Net plan assets at beginning of year (total assets less liabilities) | 2011-12-31 | $2,621,473 |
Total contributions received or receivable from employer(s) | 2011-12-31 | $146,353 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
2010 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k financial data |
---|
Total plan liabilities at end of year | 2010-12-31 | $0 |
Total plan liabilities at beginning of year | 2010-12-31 | $0 |
Total income from all sources | 2010-12-31 | $736,907 |
Expenses. Total of all expenses incurred | 2010-12-31 | $344,599 |
Benefits paid (including direct rollovers) | 2010-12-31 | $344,599 |
Total plan assets at end of year | 2010-12-31 | $2,621,473 |
Total plan assets at beginning of year | 2010-12-31 | $2,229,165 |
Value of fidelity bond covering the plan | 2010-12-31 | $7,000,000 |
Total contributions received or receivable from participants | 2010-12-31 | $165,280 |
Contributions received from other sources (not participants or employers) | 2010-12-31 | $221,253 |
Other income received | 2010-12-31 | $269,185 |
Net income (gross income less expenses) | 2010-12-31 | $392,308 |
Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $2,621,473 |
Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,229,165 |
Total contributions received or receivable from employer(s) | 2010-12-31 | $81,189 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
2009 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |