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F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 401k Plan overview

Plan NameF & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN
Plan identification number 002

F & M BANCSHARES, INC. SAVINGS INCENTIVE 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.
  • The employer maintaining this ESOP is an S Corporation
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

F & M BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name:F & M BANCSHARES, INC.
Employer identification number (EIN):730956567
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022019-01-01
0022018-01-01
0022017-01-01THERESA STEWART
0022016-01-01THERESA STEWART
0022015-01-01THERESA STEWART
0022014-01-01THERESA STEWART
0022013-01-01THERESA STEWART
0022012-01-01THERESA STEWART
0022011-01-01HOWARD WINTER
0022010-01-01BARRY L. ANDERSON
0022009-01-01BARRY L. ANDERSON

Plan Statistics for 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-year2022-01-01131
Total number of active participants reported on line 7a of the Form 55002022-01-0198
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0126
Total of all active and inactive participants2022-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01125
Number of participants with account balances2022-01-01100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01146
Total number of active participants reported on line 7a of the Form 55002021-01-01102
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0144
Total of all active and inactive participants2021-01-01146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01146
Number of participants with account balances2021-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01150
Total number of active participants reported on line 7a of the Form 55002020-01-01101
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0142
Total of all active and inactive participants2020-01-01145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01145
Number of participants with account balances2020-01-01121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01150
Total number of active participants reported on line 7a of the Form 55002019-01-01102
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0146
Total of all active and inactive participants2019-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01150
Number of participants with account balances2019-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01159
Total number of active participants reported on line 7a of the Form 55002018-01-01105
Number of retired or separated participants receiving benefits2018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-0153
Total of all active and inactive participants2018-01-01160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01160
Number of participants with account balances2018-01-01134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-015
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01165
Total number of active participants reported on line 7a of the Form 55002017-01-01104
Number of retired or separated participants receiving benefits2017-01-014
Number of other retired or separated participants entitled to future benefits2017-01-0156
Total of all active and inactive participants2017-01-01164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01164
Number of participants with account balances2017-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01142
Total number of active participants reported on line 7a of the Form 55002016-01-0190
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0158
Total of all active and inactive participants2016-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01148
Number of participants with account balances2016-01-01123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01131
Total number of active participants reported on line 7a of the Form 55002015-01-0185
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0148
Total of all active and inactive participants2015-01-01133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01133
Number of participants with account balances2015-01-01120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-014
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01124
Total number of active participants reported on line 7a of the Form 55002014-01-0180
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0143
Total of all active and inactive participants2014-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01123
Number of participants with account balances2014-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-014
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01113
Total number of active participants reported on line 7a of the Form 55002013-01-0175
Number of retired or separated participants receiving benefits2013-01-0115
Number of other retired or separated participants entitled to future benefits2013-01-0133
Total of all active and inactive participants2013-01-01123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01123
Number of participants with account balances2013-01-01115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01108
Total number of active participants reported on line 7a of the Form 55002012-01-0177
Number of retired or separated participants receiving benefits2012-01-016
Number of other retired or separated participants entitled to future benefits2012-01-0126
Total of all active and inactive participants2012-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01109
Number of participants with account balances2012-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0110
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01113
Total number of active participants reported on line 7a of the Form 55002011-01-0171
Number of retired or separated participants receiving benefits2011-01-0110
Number of other retired or separated participants entitled to future benefits2011-01-0116
Total of all active and inactive participants2011-01-0197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0197
Number of participants with account balances2011-01-0191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01109
Total number of active participants reported on line 7a of the Form 55002010-01-0171
Number of retired or separated participants receiving benefits2010-01-017
Number of other retired or separated participants entitled to future benefits2010-01-0135
Total of all active and inactive participants2010-01-01113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01113
Number of participants with account balances2010-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-014
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01111
Total number of active participants reported on line 7a of the Form 55002009-01-0169
Number of retired or separated participants receiving benefits2009-01-014
Number of other retired or separated participants entitled to future benefits2009-01-0135
Total of all active and inactive participants2009-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-011
Total participants2009-01-01109
Number of participants with account balances2009-01-0110

Financial Data on F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

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 incurred2022-12-31$565,873
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$458,086
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$742,200
Value of total assets at end of year2022-12-31$9,247,898
Value of total assets at beginning of year2022-12-31$10,512,559
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$107,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$2,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$423,386
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Participant contributions at end of year2022-12-31$9,855
Participant contributions at beginning of year2022-12-31$9,064
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-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)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$95,752
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$8,698,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$10,022,235
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$530,461
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$473,071
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,440,988
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$318,814
Employer contributions (assets) at end of year2022-12-31$8,811
Employer contributions (assets) at beginning of year2022-12-31$8,189
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$458,086
Contract administrator fees2022-12-31$12,035
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2022-12-31730604334
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 incurred2021-12-31$561,907
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$465,823
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$704,426
Value of total assets at end of year2021-12-31$10,512,559
Value of total assets at beginning of year2021-12-31$8,990,866
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$96,084
Total interest from all sources2021-12-31$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 year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$421,114
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Participant contributions at end of year2021-12-31$9,064
Participant contributions at beginning of year2021-12-31$8,733
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$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)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$90,307
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$10,022,235
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$8,712,326
Interest on participant loans2021-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$55,491
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$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 year2021-12-31$473,071
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$206,648
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$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 assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$283,312
Employer contributions (assets) at end of year2021-12-31$8,189
Employer contributions (assets) at beginning of year2021-12-31$7,668
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$465,823
Contract administrator fees2021-12-31$5,777
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2021-12-31730604334
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 incurred2020-12-31$239,569
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$162,039
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$784,890
Value of total assets at end of year2020-12-31$8,990,866
Value of total assets at beginning of year2020-12-31$7,650,421
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$77,530
Total interest from all sources2020-12-31$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 year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$2,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$403,867
Participant contributions at end of year2020-12-31$0
Participant contributions at end of year2020-12-31$8,733
Participant contributions at beginning of year2020-12-31$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 year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$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)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$76,594
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$8,712,326
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$7,390,305
Interest on participant loans2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$55,491
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$54,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$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 year2020-12-31$206,648
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$189,697
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$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 assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$329,116
Employer contributions (assets) at end of year2020-12-31$7,668
Employer contributions (assets) at beginning of year2020-12-31$7,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$162,039
Contract administrator fees2020-12-31$936
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2020-12-31730604334
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 incurred2019-12-31$1,332,407
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$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 year2019-12-31$7,650,421
Value of total assets at beginning of year2019-12-31$7,121,188
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$76,680
Total interest from all sources2019-12-31$2,485
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$361,459
Participant contributions at end of year2019-12-31$8,411
Participant contributions at beginning of year2019-12-31$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 appraiser2019-12-31No
Value of net income/loss2019-12-31$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)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$75,380
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$7,390,305
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$6,807,763
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$54,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$47,178
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$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 year2019-12-31$189,697
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$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 assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$282,682
Employer contributions (assets) at end of year2019-12-31$7,548
Employer contributions (assets) at beginning of year2019-12-31$7,715
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,255,727
Contract administrator fees2019-12-31$1,300
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2019-12-31730604334
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 incurred2018-12-31$230,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$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 year2018-12-31$7,121,188
Value of total assets at beginning of year2018-12-31$7,084,380
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$48,876
Total interest from all sources2018-12-31$3,677
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$4,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$368,556
Participant contributions at end of year2018-12-31$8,786
Participant contributions at beginning of year2018-12-31$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 appraiser2018-12-31No
Value of net income/loss2018-12-31$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)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$47,730
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$6,807,763
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$6,797,578
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$47,178
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$17,529
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$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 year2018-12-31$249,746
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$251,984
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-472,178
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$283,527
Employer contributions (assets) at end of year2018-12-31$7,715
Employer contributions (assets) at beginning of year2018-12-31$8,703
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$182,012
Contract administrator fees2018-12-31$1,146
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2018-12-31730604334
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 incurred2017-12-31$245,154
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$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 year2017-12-31$7,084,380
Value of total assets at beginning of year2017-12-31$5,499,756
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$50,431
Total interest from all sources2017-12-31$1,490
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$3,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$367,650
Participant contributions at end of year2017-12-31$8,586
Participant contributions at beginning of year2017-12-31$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 appraiser2017-12-31No
Value of net income/loss2017-12-31$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)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$48,983
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$6,797,578
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$5,288,819
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$17,529
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$9,024
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$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 year2017-12-31$251,984
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$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 assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$283,675
Employer contributions (assets) at end of year2017-12-31$8,703
Employer contributions (assets) at beginning of year2017-12-31$7,004
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$194,723
Contract administrator fees2017-12-31$1,448
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2017-12-31730604334
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 incurred2016-12-31$430,635
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$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 year2016-12-31$5,499,756
Value of total assets at beginning of year2016-12-31$4,971,195
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$42,155
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$3,500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$310,472
Participant contributions at beginning of year2016-12-31$0
Participant contributions at end of year2016-12-31$9,609
Participant contributions at beginning of year2016-12-31$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 year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$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)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$40,272
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$5,288,819
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$4,732,799
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$9,024
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$18,607
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$18,607
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$185,300
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$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 assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$215,617
Employer contributions (assets) at end of year2016-12-31$7,004
Employer contributions (assets) at beginning of year2016-12-31$6,774
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$388,480
Contract administrator fees2016-12-31$1,883
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2016-12-31730604334
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 incurred2015-12-31$482,855
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$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 year2015-12-31$4,971,195
Value of total assets at beginning of year2015-12-31$5,125,395
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$40,041
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$274,069
Participant contributions at end of year2015-12-31$0
Participant contributions at end of year2015-12-31$6,714
Participant contributions at beginning of year2015-12-31$6,049
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-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)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$39,159
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$4,732,799
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$4,776,021
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$18,607
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,549
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,549
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$206,301
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$325,439
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-157,592
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$212,178
Employer contributions (assets) at end of year2015-12-31$6,774
Employer contributions (assets) at beginning of year2015-12-31$15,337
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$442,814
Contract administrator fees2015-12-31$882
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31FINLEY & COOK P.L.L.C.
Accountancy firm EIN2015-12-31730604334
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 incurred2014-12-31$51,355
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$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 year2014-12-31$5,125,395
Value of total assets at beginning of year2014-12-31$4,259,381
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$255,280
Participant contributions at end of year2014-12-31$6,049
Participant contributions at beginning of year2014-12-31$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 appraiser2014-12-31No
Value of net income/loss2014-12-31$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)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$5,104,009
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$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 assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$208,225
Employer contributions (assets) at end of year2014-12-31$15,337
Employer contributions (assets) at beginning of year2014-12-31$16,817
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$51,355
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31FINLEY & COOK, P.L.L.C.
Accountancy firm EIN2014-12-31730604334
2013 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$1,237,382
Expenses. Total of all expenses incurred2013-12-31$95,021
Benefits paid (including direct rollovers)2013-12-31$95,021
Total plan assets at end of year2013-12-31$4,259,381
Total plan assets at beginning of year2013-12-31$3,117,020
Total contributions received or receivable from participants2013-12-31$243,365
Contributions received from other sources (not participants or employers)2013-12-31$47,882
Other income received2013-12-31$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 loans2013-12-31$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 year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$722,854
Expenses. Total of all expenses incurred2012-12-31$82,378
Benefits paid (including direct rollovers)2012-12-31$82,378
Total plan assets at end of year2012-12-31$3,121,322
Total plan assets at beginning of year2012-12-31$2,480,846
Value of fidelity bond covering the plan2012-12-31$3,500,000
Total contributions received or receivable from participants2012-12-31$217,486
Contributions received from other sources (not participants or employers)2012-12-31$46,419
Other income received2012-12-31$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 year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$186,233
Expenses. Total of all expenses incurred2011-12-31$326,860
Benefits paid (including direct rollovers)2011-12-31$326,860
Total plan assets at end of year2011-12-31$2,480,846
Total plan assets at beginning of year2011-12-31$2,621,473
Value of fidelity bond covering the plan2011-12-31$7,000,000
Total contributions received or receivable from participants2011-12-31$191,295
Other income received2011-12-31$-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 securities2011-12-31$0
2010 : F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$736,907
Expenses. Total of all expenses incurred2010-12-31$344,599
Benefits paid (including direct rollovers)2010-12-31$344,599
Total plan assets at end of year2010-12-31$2,621,473
Total plan assets at beginning of year2010-12-31$2,229,165
Value of fidelity bond covering the plan2010-12-31$7,000,000
Total contributions received or receivable from participants2010-12-31$165,280
Contributions received from other sources (not participants or employers)2010-12-31$221,253
Other income received2010-12-31$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 securities2010-12-31$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 securities2009-12-31$0

Form 5500 Responses for F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN

2022: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: F & M BANCSHARES, INC. SAVINGS INCENTIVE PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: F & M BANCSHARES, INC. SAVINGS INCENTIVE 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

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number871-70021
Policy instance 1
Insurance contract or identification number871-70021
Number of Individuals Covered100
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number871-70019
Policy instance 1
Insurance contract or identification number871-70019
Number of Individuals Covered119
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $676
Total amount of fees paid to insurance companyUSD $169
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $676
Amount paid for insurance broker fees169
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number871-70021
Policy instance 2
Insurance contract or identification number871-70021
Number of Individuals Covered119
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-Y1-LJ70
Policy instance 1
Insurance contract or identification numberGAP-Y1-LJ70
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $799
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $799
Insurance broker organization code?4
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-Y1-LJ70
Policy instance 1
Insurance contract or identification numberGAP-Y1-LJ70
Number of Individuals Covered126
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $928
Total amount of fees paid to insurance companyUSD $232
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $928
Insurance broker organization code?4
Amount paid for insurance broker fees232
Additional information about fees paid to insurance brokerADMINISTRATIVE COMPENSATION
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-Y1-LJ70
Policy instance 1
Insurance contract or identification numberGAP-Y1-LJ70
Number of Individuals Covered135
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $854
Total amount of fees paid to insurance companyUSD $214
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $854
Insurance broker organization code?4
Amount paid for insurance broker fees214
Additional information about fees paid to insurance brokerADMINISTRATIVE COMPENSATION
Insurance broker namePENSION SOLUTIONS INC

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