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FIRST COMMUNITY BANK 401(K) PLAN 401k Plan overview

Plan NameFIRST COMMUNITY BANK 401(K) PLAN
Plan identification number 002

FIRST COMMUNITY BANK 401(K) PLAN Benefits

401k Plan Type
Plan Features/Benefits

    401k Sponsoring company profile

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

    Company Name:FIRST COMMUNITY BANK
    Employer identification number (EIN):742058750
    NAIC Classification:522110
    NAIC Description:Commercial Banking

    Form 5500 Filing Information

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

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    0022021-01-01
    0022020-01-01
    0022019-01-01
    0022018-01-01
    0022017-01-01
    0022016-01-01ANITA BOSWELL2017-07-19
    0022015-01-01ANITA BOSWELL2016-07-18
    0022014-01-01ANITA BOSWELL2016-01-26
    0022014-01-01ANITA BOSWELL2015-07-22
    0022013-01-01
    0022012-01-01ANITA BOSWELL2013-07-29
    0022011-01-01ANITA BOSWELL2012-08-01
    0022010-01-01ANITA BOSWELL2011-07-11

    Plan Statistics for FIRST COMMUNITY BANK 401(K) PLAN

    401k plan membership statisitcs for FIRST COMMUNITY BANK 401(K) PLAN

    Measure Date Value
    2021: FIRST COMMUNITY BANK 401(K) PLAN 2021 401k membership
    Total participants, beginning-of-year2021-01-01120
    Total number of active participants reported on line 7a of the Form 55002021-01-01114
    Number of retired or separated participants receiving benefits2021-01-010
    Number of other retired or separated participants entitled to future benefits2021-01-015
    Total of all active and inactive participants2021-01-01119
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
    Total participants2021-01-01119
    Number of participants with account balances2021-01-01104
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
    2020: FIRST COMMUNITY BANK 401(K) PLAN 2020 401k membership
    Total participants, beginning-of-year2020-01-01121
    Total number of active participants reported on line 7a of the Form 55002020-01-01117
    Number of retired or separated participants receiving benefits2020-01-010
    Number of other retired or separated participants entitled to future benefits2020-01-012
    Total of all active and inactive participants2020-01-01119
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
    Total participants2020-01-01119
    Number of participants with account balances2020-01-01104
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
    2019: FIRST COMMUNITY BANK 401(K) PLAN 2019 401k membership
    Total participants, beginning-of-year2019-01-01123
    Total number of active participants reported on line 7a of the Form 55002019-01-01118
    Number of retired or separated participants receiving benefits2019-01-010
    Number of other retired or separated participants entitled to future benefits2019-01-012
    Total of all active and inactive participants2019-01-01120
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
    Total participants2019-01-01120
    Number of participants with account balances2019-01-01104
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
    2018: FIRST COMMUNITY BANK 401(K) PLAN 2018 401k membership
    Total participants, beginning-of-year2018-01-01119
    Total number of active participants reported on line 7a of the Form 55002018-01-01114
    Number of retired or separated participants receiving benefits2018-01-010
    Number of other retired or separated participants entitled to future benefits2018-01-016
    Total of all active and inactive participants2018-01-01120
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
    Total participants2018-01-01120
    Number of participants with account balances2018-01-01104
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

    Financial Data on FIRST COMMUNITY BANK 401(K) PLAN

    Measure Date Value
    2021 : FIRST COMMUNITY BANK 401(K) PLAN 2021 401k financial data
    Total unrealized appreciation/depreciation of assets2021-12-31$0
    Total transfer of assets to this plan2021-12-31$0
    Total transfer of assets from this plan2021-12-31$0
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
    Total income from all sources (including contributions)2021-12-31$1,789,883
    Total loss/gain on sale of assets2021-12-31$0
    Total of all expenses incurred2021-12-31$547,636
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$506,835
    Expenses. Certain deemed distributions of participant loans2021-12-31$16,389
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,046,452
    Value of total assets at end of year2021-12-31$7,334,862
    Value of total assets at beginning of year2021-12-31$6,092,615
    Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$24,412
    Total interest from all sources2021-12-31$18,398
    Total dividends received (eg from common stock, registered investment company shares)2021-12-31$156,883
    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$156,883
    Was this plan covered by a fidelity bond2021-12-31Yes
    Value of fidelity bond cover2021-12-31$500,000
    If this is an individual account plan, was there a blackout period2021-12-31No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2021-12-31No
    Contributions received from participants2021-12-31$469,578
    Participant contributions at end of year2021-12-31$323,535
    Participant contributions at beginning of year2021-12-31$331,685
    Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$211,804
    Other income not declared elsewhere2021-12-31$250
    Administrative expenses (other) incurred2021-12-31$24,412
    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$1,242,247
    Value of net assets at end of year (total assets less liabilities)2021-12-31$7,334,862
    Value of net assets at beginning of year (total assets less liabilities)2021-12-31$6,092,615
    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
    Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,911,017
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$5,610,634
    Interest on participant loans2021-12-31$18,398
    Value of interest in common/collective trusts at end of year2021-12-31$100,310
    Value of interest in common/collective trusts at beginning of year2021-12-31$150,296
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$566,385
    Net investment gain or loss from common/collective trusts2021-12-31$1,515
    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$365,070
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$506,835
    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 name2021-12-31CARR RIGGS & INGRAM CPAS
    Accountancy firm EIN2021-12-31721396621
    2020 : FIRST COMMUNITY BANK 401(K) PLAN 2020 401k financial data
    Total unrealized appreciation/depreciation of assets2020-12-31$0
    Total transfer of assets to this plan2020-12-31$0
    Total transfer of assets from this plan2020-12-31$0
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
    Total income from all sources (including contributions)2020-12-31$1,382,409
    Total loss/gain on sale of assets2020-12-31$0
    Total of all expenses incurred2020-12-31$696,993
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$674,203
    Expenses. Certain deemed distributions of participant loans2020-12-31$799
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$779,890
    Value of total assets at end of year2020-12-31$6,092,615
    Value of total assets at beginning of year2020-12-31$5,407,199
    Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$21,991
    Total interest from all sources2020-12-31$18,878
    Total dividends received (eg from common stock, registered investment company shares)2020-12-31$102,757
    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$102,757
    Was this plan covered by a fidelity bond2020-12-31Yes
    Value of fidelity bond cover2020-12-31$500,000
    If this is an individual account plan, was there a blackout period2020-12-31No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2020-12-31No
    Contributions received from participants2020-12-31$427,741
    Participant contributions at end of year2020-12-31$331,685
    Participant contributions at beginning of year2020-12-31$362,452
    Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$6,733
    Administrative expenses (other) incurred2020-12-31$21,991
    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$685,416
    Value of net assets at end of year (total assets less liabilities)2020-12-31$6,092,615
    Value of net assets at beginning of year (total assets less liabilities)2020-12-31$5,407,199
    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
    Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$5,610,634
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$5,024,949
    Interest on participant loans2020-12-31$18,878
    Value of interest in common/collective trusts at end of year2020-12-31$150,296
    Value of interest in common/collective trusts at beginning of year2020-12-31$19,798
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$477,424
    Net investment gain or loss from common/collective trusts2020-12-31$3,460
    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$345,416
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$674,203
    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 name2020-12-31CARR, RIGGS & INGRAM CPAS
    Accountancy firm EIN2020-12-31721396621
    2019 : FIRST COMMUNITY BANK 401(K) PLAN 2019 401k financial data
    Total unrealized appreciation/depreciation of assets2019-12-31$0
    Total transfer of assets to this plan2019-12-31$0
    Total transfer of assets from this plan2019-12-31$0
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
    Total income from all sources (including contributions)2019-12-31$1,557,274
    Total loss/gain on sale of assets2019-12-31$0
    Total of all expenses incurred2019-12-31$237,453
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$210,992
    Expenses. Certain deemed distributions of participant loans2019-12-31$5,396
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$705,304
    Value of total assets at end of year2019-12-31$5,407,199
    Value of total assets at beginning of year2019-12-31$4,087,378
    Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$21,065
    Total interest from all sources2019-12-31$20,121
    Total dividends received (eg from common stock, registered investment company shares)2019-12-31$123,193
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
    Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$123,193
    Was this plan covered by a fidelity bond2019-12-31Yes
    Value of fidelity bond cover2019-12-31$409,000
    If this is an individual account plan, was there a blackout period2019-12-31No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2019-12-31No
    Contributions received from participants2019-12-31$387,807
    Participant contributions at end of year2019-12-31$362,452
    Participant contributions at beginning of year2019-12-31$368,932
    Administrative expenses (other) incurred2019-12-31$21,065
    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$1,319,821
    Value of net assets at end of year (total assets less liabilities)2019-12-31$5,407,199
    Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,087,378
    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
    Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$5,024,949
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,718,446
    Interest on participant loans2019-12-31$20,121
    Value of interest in common/collective trusts at end of year2019-12-31$19,798
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$708,562
    Net investment gain or loss from common/collective trusts2019-12-31$94
    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$317,497
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$210,992
    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)2019-12-31Yes
    Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
    Accountancy firm name2019-12-31CARR, RIGGS & INGRAM CPAS
    Accountancy firm EIN2019-12-31721396621
    2018 : FIRST COMMUNITY BANK 401(K) PLAN 2018 401k financial data
    Total unrealized appreciation/depreciation of assets2018-12-31$0
    Total transfer of assets from this plan2018-12-31$0
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
    Total income from all sources (including contributions)2018-12-31$395,274
    Total loss/gain on sale of assets2018-12-31$0
    Total of all expenses incurred2018-12-31$593,814
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$522,865
    Expenses. Certain deemed distributions of participant loans2018-12-31$83
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$637,253
    Value of total assets at end of year2018-12-31$4,087,378
    Value of total assets at beginning of year2018-12-31$4,285,918
    Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$70,866
    Total interest from all sources2018-12-31$3,755
    Total dividends received (eg from common stock, registered investment company shares)2018-12-31$114,608
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
    Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$114,608
    Was this plan covered by a fidelity bond2018-12-31Yes
    Value of fidelity bond cover2018-12-31$429,000
    If this is an individual account plan, was there a blackout period2018-12-31Yes
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
    Were there any nonexempt tranactions with any party-in-interest2018-12-31No
    Contributions received from participants2018-12-31$347,332
    Participant contributions at end of year2018-12-31$368,932
    Participant contributions at beginning of year2018-12-31$336,567
    Administrative expenses (other) incurred2018-12-31$70,866
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
    Value of net income/loss2018-12-31$-198,540
    Value of net assets at end of year (total assets less liabilities)2018-12-31$4,087,378
    Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,285,918
    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
    Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$3,718,446
    Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,949,351
    Interest on participant loans2018-12-31$3,755
    Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-360,342
    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$289,921
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$522,865
    Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
    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)2018-12-31Yes
    Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
    Accountancy firm name2018-12-31CARR, RIGGS & INGRAM CPAS
    Accountancy firm EIN2018-12-31721396621

    Form 5500 Responses for FIRST COMMUNITY BANK 401(K) PLAN

    2021: FIRST COMMUNITY BANK 401(K) PLAN 2021 form 5500 responses
    2021-01-01Type of plan entitySingle employer plan
    2021-01-01Submission has been amendedNo
    2021-01-01This submission is the final filingNo
    2021-01-01This return/report is a short plan year return/report (less than 12 months)No
    2021-01-01Plan is a collectively bargained planNo
    2021-01-01Plan funding arrangement – TrustYes
    2021-01-01Plan benefit arrangement - TrustYes
    2020: FIRST COMMUNITY BANK 401(K) PLAN 2020 form 5500 responses
    2020-01-01Type of plan entitySingle employer plan
    2020-01-01Submission has been amendedNo
    2020-01-01This submission is the final filingNo
    2020-01-01This return/report is a short plan year return/report (less than 12 months)No
    2020-01-01Plan is a collectively bargained planNo
    2020-01-01Plan funding arrangement – TrustYes
    2020-01-01Plan benefit arrangement - TrustYes
    2019: FIRST COMMUNITY BANK 401(K) PLAN 2019 form 5500 responses
    2019-01-01Type of plan entitySingle employer plan
    2019-01-01Submission has been amendedNo
    2019-01-01This submission is the final filingNo
    2019-01-01This return/report is a short plan year return/report (less than 12 months)No
    2019-01-01Plan is a collectively bargained planNo
    2019-01-01Plan funding arrangement – TrustYes
    2019-01-01Plan benefit arrangement - TrustYes
    2018: FIRST COMMUNITY BANK 401(K) PLAN 2018 form 5500 responses
    2018-01-01Type of plan entitySingle employer plan
    2018-01-01Submission has been amendedNo
    2018-01-01This submission is the final filingNo
    2018-01-01This return/report is a short plan year return/report (less than 12 months)No
    2018-01-01Plan is a collectively bargained planNo
    2018-01-01Plan funding arrangement – TrustYes
    2018-01-01Plan benefit arrangement - TrustYes

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