WEBBANK CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan WEBBANK 401(K) SAFE HARBOR PLAN
| Measure | Date | Value |
|---|
| 2023 : WEBBANK 401(K) SAFE HARBOR PLAN 2023 401k financial data |
|---|
| Total income from all sources (including contributions) | 2023-12-31 | $7,625,856 |
| Total of all expenses incurred | 2023-12-31 | $632,262 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $626,730 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $4,388,506 |
| Value of total assets at end of year | 2023-12-31 | $19,932,763 |
| Value of total assets at beginning of year | 2023-12-31 | $12,939,169 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $5,532 |
| Total interest from all sources | 2023-12-31 | $47,760 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $247,242 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $247,242 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $2,377,418 |
| Participant contributions at end of year | 2023-12-31 | $284,528 |
| Participant contributions at beginning of year | 2023-12-31 | $272,913 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $9,410,473 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-12-31 | $6,686,422 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $428,818 |
| Other income not declared elsewhere | 2023-12-31 | $1,574,443 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $6,993,594 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $19,932,763 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $12,939,169 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2023-12-31 | $5,064 |
| Assets. partnership/joint venture interests at beginning of year | 2023-12-31 | $5,052 |
| Investment advisory and management fees | 2023-12-31 | $914 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $8,871,705 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $5,271,097 |
| Interest on participant loans | 2023-12-31 | $15,471 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $580,195 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $126,010 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $753,815 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $545,745 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $545,745 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $32,289 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,306,111 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $61,794 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,582,270 |
| Employer contributions (assets) at end of year | 2023-12-31 | $26,983 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $31,930 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $626,730 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | PKF O'CONNOR DAVIES, LLP |
| Accountancy firm EIN | 2023-12-31 | 271728945 |
| Total income from all sources (including contributions) | 2023-01-01 | $7,625,856 |
| Total of all expenses incurred | 2023-01-01 | $632,262 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $626,730 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $4,388,506 |
| Value of total assets at end of year | 2023-01-01 | $19,932,763 |
| Value of total assets at beginning of year | 2023-01-01 | $12,939,169 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $5,532 |
| Total interest from all sources | 2023-01-01 | $47,760 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $247,242 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $247,242 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $2,377,418 |
| Participant contributions at end of year | 2023-01-01 | $284,528 |
| Participant contributions at beginning of year | 2023-01-01 | $272,913 |
| Assets. Other investments not covered elsewhere at end of year | 2023-01-01 | $9,410,473 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-01-01 | $6,686,422 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $428,818 |
| Other income not declared elsewhere | 2023-01-01 | $1,574,443 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $6,993,594 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $19,932,763 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $12,939,169 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Assets. partnership/joint venture interests at end of year | 2023-01-01 | $5,064 |
| Assets. partnership/joint venture interests at beginning of year | 2023-01-01 | $5,052 |
| Investment advisory and management fees | 2023-01-01 | $914 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $8,871,705 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $5,271,097 |
| Interest on participant loans | 2023-01-01 | $15,471 |
| Value of interest in common/collective trusts at end of year | 2023-01-01 | $580,195 |
| Value of interest in common/collective trusts at beginning of year | 2023-01-01 | $126,010 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-01-01 | $753,815 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-01-01 | $32,289 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,306,111 |
| Net investment gain or loss from common/collective trusts | 2023-01-01 | $61,794 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $1,582,270 |
| Employer contributions (assets) at end of year | 2023-01-01 | $26,983 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $31,930 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $626,730 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | PKF O'CONNOR DAVIES, LLP |
| Accountancy firm EIN | 2023-01-01 | 271728945 |
| 2022 : WEBBANK 401(K) SAFE HARBOR PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $15,596 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,391,708 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $732,965 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $731,135 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,543,476 |
| Value of total assets at end of year | 2022-12-31 | $12,939,169 |
| Value of total assets at beginning of year | 2022-12-31 | $12,296,022 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,830 |
| Total interest from all sources | 2022-12-31 | $14,321 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $204,778 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $204,778 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,750,660 |
| Participant contributions at end of year | 2022-12-31 | $272,913 |
| Participant contributions at beginning of year | 2022-12-31 | $105,799 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $6,686,422 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-12-31 | $6,142,973 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $535,277 |
| Administrative expenses (other) incurred | 2022-12-31 | $1,830 |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $658,743 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $12,939,169 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $12,280,426 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Assets. partnership/joint venture interests at end of year | 2022-12-31 | $5,052 |
| Assets. partnership/joint venture interests at beginning of year | 2022-12-31 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $5,271,097 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $5,536,438 |
| Interest on participant loans | 2022-12-31 | $7,798 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $126,010 |
| Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $545,745 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $510,812 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $510,812 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $6,523 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,095,002 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,271,411 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-4,454 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $1,257,539 |
| Employer contributions (assets) at end of year | 2022-12-31 | $31,930 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $731,135 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| Liabilities. Value of benefit claims payable at end of year | 2022-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-12-31 | $15,596 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | HAYNIE & COMPANY |
| Accountancy firm EIN | 2022-12-31 | 870325228 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $15,596 |
| Total income from all sources (including contributions) | 2022-01-01 | $1,391,708 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $732,965 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $731,135 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $3,543,476 |
| Value of total assets at end of year | 2022-01-01 | $12,939,169 |
| Value of total assets at beginning of year | 2022-01-01 | $12,296,022 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $1,830 |
| Total interest from all sources | 2022-01-01 | $14,321 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $204,778 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $204,778 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $1,750,660 |
| Participant contributions at end of year | 2022-01-01 | $272,913 |
| Participant contributions at beginning of year | 2022-01-01 | $105,799 |
| Assets. Other investments not covered elsewhere at end of year | 2022-01-01 | $6,686,422 |
| Assets. Other investments not covered elsewhere at beginning of year | 2022-01-01 | $6,142,973 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $535,277 |
| Administrative expenses (other) incurred | 2022-01-01 | $1,830 |
| Total non interest bearing cash at end of year | 2022-01-01 | $0 |
| Total non interest bearing cash at beginning of year | 2022-01-01 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $658,743 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $12,939,169 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $12,280,426 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Assets. partnership/joint venture interests at end of year | 2022-01-01 | $5,052 |
| Assets. partnership/joint venture interests at beginning of year | 2022-01-01 | $0 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $5,271,097 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $5,536,438 |
| Interest on participant loans | 2022-01-01 | $7,798 |
| Value of interest in common/collective trusts at end of year | 2022-01-01 | $126,010 |
| Value of interest in common/collective trusts at beginning of year | 2022-01-01 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $545,745 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $6,523 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,095,002 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-1,271,411 |
| Net investment gain or loss from common/collective trusts | 2022-01-01 | $-4,454 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $1,257,539 |
| Employer contributions (assets) at end of year | 2022-01-01 | $31,930 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $0 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $731,135 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-01-01 | Yes |
| Liabilities. Value of benefit claims payable at end of year | 2022-01-01 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-01-01 | $15,596 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | HAYNIE & COMPANY |
| Accountancy firm EIN | 2022-01-01 | 870325228 |
| 2021 : WEBBANK 401(K) SAFE HARBOR PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $15,596 |
| 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 | $4,103,519 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $1,347,133 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,347,133 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $2,415,156 |
| Value of total assets at end of year | 2021-12-31 | $12,296,022 |
| Value of total assets at beginning of year | 2021-12-31 | $9,524,040 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $0 |
| Total interest from all sources | 2021-12-31 | $3,863 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $1,136,576 |
| Participant contributions at end of year | 2021-12-31 | $105,799 |
| Participant contributions at beginning of year | 2021-12-31 | $46,544 |
| Participant contributions at beginning of year | 2021-12-31 | $33,389 |
| Assets. Other investments not covered elsewhere at end of year | 2021-12-31 | $6,142,973 |
| Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $4,379,531 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $442,882 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $2,756,386 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $12,280,426 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $9,524,040 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $5,536,438 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $4,499,053 |
| Interest on participant loans | 2021-12-31 | $3,371 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $510,812 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $565,523 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $565,523 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $492 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,021,853 |
| Net investment gain/loss from pooled separate accounts | 2021-12-31 | $662,647 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $835,698 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,347,133 |
| Liabilities. Value of benefit claims payable at end of year | 2021-12-31 | $15,596 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | HAYNIE & COMPANY |
| Accountancy firm EIN | 2021-12-31 | 870325228 |
| 2020 : WEBBANK 401(K) SAFE HARBOR PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $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 | $2,429,174 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $1,674,462 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,674,462 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,252,056 |
| Value of total assets at end of year | 2020-12-31 | $9,524,040 |
| Value of total assets at beginning of year | 2020-12-31 | $8,769,328 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $0 |
| Total interest from all sources | 2020-12-31 | $2,819 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $996,486 |
| Participant contributions at end of year | 2020-12-31 | $46,544 |
| Participant contributions at beginning of year | 2020-12-31 | $32,110 |
| Participant contributions at end of year | 2020-12-31 | $33,389 |
| Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $4,379,531 |
| Assets. Other investments not covered elsewhere at beginning of year | 2020-12-31 | $4,253,960 |
| Other income not declared elsewhere | 2020-12-31 | $503,886 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $754,712 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $9,524,040 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $8,769,328 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $4,499,053 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $4,047,479 |
| Interest on participant loans | 2020-12-31 | $1,837 |
| Value of interest in master investment trust accounts at end of year | 2020-12-31 | $4,379,531 |
| Value of interest in master investment trust accounts at beginning of year | 2020-12-31 | $4,253,960 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $565,523 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $434,264 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $434,264 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $982 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $670,413 |
| Net investment gain/loss from pooled separate accounts | 2020-12-31 | $503,886 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $255,570 |
| Employer contributions (assets) at beginning of year | 2020-12-31 | $1,515 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,674,462 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | HAYNIE & COMPANY |
| Accountancy firm EIN | 2020-12-31 | 870325228 |
