401k Plan data: G N B EMPLOYEE RETIREMENT PLAN plan

G N B EMPLOYEE RETIREMENT PLAN 401k Plan overview

Plan Name	G N B EMPLOYEE RETIREMENT PLAN
Plan identification number	001

G N B EMPLOYEE RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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.
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

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

Company Name: GILMER NATIONAL BANK

Employer identification number (EIN): 750261226

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan G N B EMPLOYEE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-12-01 ROY HARRIS 2015-03-19
001 2012-12-01 FRAN JOHNSON 2014-03-25
001 2011-12-01 FRAN JOHNSON 2013-02-26
001 2011-01-01 CHARLES TURNER 2012-10-11 LARRY COWAN 2012-10-11
001 2010-12-01 FRAN JOHNSON 2012-02-28
001 2009-12-01 FRAN JOHNSON

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2013-12-01	ROY HARRIS	2015-03-19
001	2012-12-01	FRAN JOHNSON	2014-03-25
001	2011-12-01	FRAN JOHNSON	2013-02-26
001	2011-01-01	CHARLES TURNER	2012-10-11	LARRY COWAN	2012-10-11
001	2010-12-01	FRAN JOHNSON	2012-02-28
001	2009-12-01	FRAN JOHNSON

Financial Data on G N B EMPLOYEE RETIREMENT PLAN

Measure	Date	Value
2010 : G N B EMPLOYEE RETIREMENT PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$207,948
Expenses. Total of all expenses incurred	2010-12-31	$301,434
Benefits paid (including direct rollovers)	2010-12-31	$301,330
Total plan assets at end of year	2010-12-31	$1,107,107
Total plan assets at beginning of year	2010-12-31	$1,200,593
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$92,193
Expenses. Other expenses not covered elsewhere	2010-12-31	$104
Other income received	2010-12-31	$81,834
Net income (gross income less expenses)	2010-12-31	$-93,486
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,107,107
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,200,593
Total contributions received or receivable from employer(s)	2010-12-31	$33,921
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-11-30	$0

Form 5500 Responses for G N B EMPLOYEE RETIREMENT PLAN

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

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number	878368
Policy instance	1

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Company Name:	GILMER NATIONAL BANK
Employer identification number (EIN):	750261226
NAIC Classification:	522110
NAIC Description:	Commercial Banking