AMERICAN BUSINESS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan AMERICAN BUSINESS BANK 401(K) PLAN
Measure | Date | Value |
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2022 : AMERICAN BUSINESS BANK 401(K) PLAN 2022 401k financial data |
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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 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-3,180,767 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,035,052 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,970,365 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $3,203,566 |
Value of total assets at end of year | 2022-12-31 | $30,834,383 |
Value of total assets at beginning of year | 2022-12-31 | $36,050,202 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $64,687 |
Total interest from all sources | 2022-12-31 | $34,710 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $529,256 |
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 | $529,256 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
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 | $2,161,648 |
Participant contributions at end of year | 2022-12-31 | $495,532 |
Participant contributions at beginning of year | 2022-12-31 | $447,619 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $225,935 |
Other income not declared elsewhere | 2022-12-31 | $31,579 |
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 | $-5,215,819 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $30,834,383 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $36,050,202 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $3,363 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $29,304,206 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $35,185,663 |
Interest on participant loans | 2022-12-31 | $20,008 |
Interest earned on other investments | 2022-12-31 | $14,702 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $416,920 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $416,920 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $1,034,645 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-6,979,878 |
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 | $815,983 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,970,365 |
Contract administrator fees | 2022-12-31 | $61,324 |
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 |
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 | WITHUMSMITH+BROWN, PC |
Accountancy firm EIN | 2022-12-31 | 222027092 |
2021 : AMERICAN BUSINESS BANK 401(K) PLAN 2021 401k financial data |
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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 | $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 | $7,936,983 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $1,658,415 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $1,629,885 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $3,195,114 |
Value of total assets at end of year | 2021-12-31 | $36,050,202 |
Value of total assets at beginning of year | 2021-12-31 | $29,771,634 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $28,530 |
Total interest from all sources | 2021-12-31 | $19,331 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $3,124,440 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $3,124,440 |
Administrative expenses professional fees incurred | 2021-12-31 | $11,603 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
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 | $2,073,288 |
Participant contributions at end of year | 2021-12-31 | $447,619 |
Participant contributions at beginning of year | 2021-12-31 | $501,746 |
Participant contributions at beginning of year | 2021-12-31 | $62,231 |
Assets. Other investments not covered elsewhere at beginning of year | 2021-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $304,216 |
Other income not declared elsewhere | 2021-12-31 | $-39,277 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $1,421 |
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 | $6,278,568 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $36,050,202 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $29,771,634 |
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 | $35,185,663 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $28,890,534 |
Interest on participant loans | 2021-12-31 | $19,281 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $416,920 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $292,055 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $292,055 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $50 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,637,375 |
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 | $817,610 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $23,647 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $1,629,885 |
Contract administrator fees | 2021-12-31 | $16,927 |
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 | WITHUMSMITH+BROWN, PC |
Accountancy firm EIN | 2021-12-31 | 222027092 |
2020 : AMERICAN BUSINESS BANK 401(K) PLAN 2020 401k financial data |
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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 | $6,732,582 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $908,417 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $894,741 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $2,885,981 |
Value of total assets at end of year | 2020-12-31 | $29,771,634 |
Value of total assets at beginning of year | 2020-12-31 | $23,947,469 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $13,676 |
Total interest from all sources | 2020-12-31 | $23,623 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $679,150 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $679,150 |
Administrative expenses professional fees incurred | 2020-12-31 | $359 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
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 | $2,073,571 |
Participant contributions at end of year | 2020-12-31 | $501,746 |
Participant contributions at beginning of year | 2020-12-31 | $386,346 |
Participant contributions at end of year | 2020-12-31 | $23,647 |
Participant contributions at beginning of year | 2020-12-31 | $46,988 |
Assets. Other investments not covered elsewhere at end of year | 2020-12-31 | $0 |
Assets. Other investments not covered elsewhere at beginning of year | 2020-12-31 | $5,893 |
Total non interest bearing cash at end of year | 2020-12-31 | $1,421 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $5,824,165 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $29,771,634 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $23,947,469 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $11,232 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $28,890,534 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $22,942,300 |
Interest on participant loans | 2020-12-31 | $21,383 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2020-12-31 | $292,055 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2020-12-31 | $547,932 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2020-12-31 | $547,932 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $2,240 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $3,143,828 |
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 | $812,410 |
Employer contributions (assets) at end of year | 2020-12-31 | $62,231 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $18,010 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $894,741 |
Contract administrator fees | 2020-12-31 | $2,085 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | RSM US LLP |
Accountancy firm EIN | 2020-12-31 | 420714325 |
2019 : AMERICAN BUSINESS BANK 401(K) PLAN 2019 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2019-12-31 | $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 | $7,097,451 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $1,861,207 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,836,205 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $2,727,425 |
Value of total assets at end of year | 2019-12-31 | $23,947,469 |
Value of total assets at beginning of year | 2019-12-31 | $18,711,225 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $25,002 |
Total interest from all sources | 2019-12-31 | $33,202 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $512,152 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $512,152 |
Administrative expenses professional fees incurred | 2019-12-31 | $7,402 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $1,899,508 |
Participant contributions at end of year | 2019-12-31 | $386,346 |
Participant contributions at beginning of year | 2019-12-31 | $307,785 |
Participant contributions at end of year | 2019-12-31 | $46,988 |
Participant contributions at beginning of year | 2019-12-31 | $49,572 |
Assets. Other investments not covered elsewhere at end of year | 2019-12-31 | $5,893 |
Assets. Other investments not covered elsewhere at beginning of year | 2019-12-31 | $130,153 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $75,261 |
Other income not declared elsewhere | 2019-12-31 | $84,357 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $5,236,244 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $23,947,469 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $18,711,225 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $15,009 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $22,942,300 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $17,812,180 |
Interest on participant loans | 2019-12-31 | $14,904 |
Interest earned on other investments | 2019-12-31 | $18,298 |
Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $547,932 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $391,779 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $391,779 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $3,740,315 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $752,656 |
Employer contributions (assets) at end of year | 2019-12-31 | $18,010 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $19,756 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,836,205 |
Contract administrator fees | 2019-12-31 | $2,591 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | RSM US LLP |
Accountancy firm EIN | 2019-12-31 | 420714325 |
2018 : AMERICAN BUSINESS BANK 401(K) PLAN 2018 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2018-12-31 | $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 | $2,594,225 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $1,317,038 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,282,952 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $4,059,748 |
Value of total assets at end of year | 2018-12-31 | $18,711,225 |
Value of total assets at beginning of year | 2018-12-31 | $17,434,038 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $34,086 |
Total interest from all sources | 2018-12-31 | $17,069 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $477,282 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $477,282 |
Administrative expenses professional fees incurred | 2018-12-31 | $6,483 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $1,654,257 |
Participant contributions at end of year | 2018-12-31 | $307,785 |
Participant contributions at beginning of year | 2018-12-31 | $345,417 |
Participant contributions at end of year | 2018-12-31 | $49,572 |
Assets. Other investments not covered elsewhere at end of year | 2018-12-31 | $130,153 |
Assets. Other investments not covered elsewhere at beginning of year | 2018-12-31 | $143,376 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $1,731,124 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $1,277,187 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $18,711,225 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $17,434,038 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $23,515 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $17,812,180 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $5,463,449 |
Interest on participant loans | 2018-12-31 | $12,372 |
Value of interest in common/collective trusts at end of year | 2018-12-31 | $0 |
Value of interest in common/collective trusts at beginning of year | 2018-12-31 | $11,009,679 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $391,779 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $472,117 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $472,117 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $4,697 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-2,089,121 |
Net investment gain or loss from common/collective trusts | 2018-12-31 | $129,247 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $674,367 |
Employer contributions (assets) at end of year | 2018-12-31 | $19,756 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,282,952 |
Contract administrator fees | 2018-12-31 | $4,088 |
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 | 2018-12-31 | Yes |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | RSM US LLP |
Accountancy firm EIN | 2018-12-31 | 420714325 |
2017 : AMERICAN BUSINESS BANK 401(K) PLAN 2017 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $4,194,866 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $1,299,249 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $1,267,373 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $2,124,633 |
Value of total assets at end of year | 2017-12-31 | $17,434,038 |
Value of total assets at beginning of year | 2017-12-31 | $14,538,421 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $31,876 |
Total interest from all sources | 2017-12-31 | $16,079 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $103,197 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $103,197 |
Administrative expenses professional fees incurred | 2017-12-31 | $5,741 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $1,177,896 |
Participant contributions at end of year | 2017-12-31 | $345,417 |
Participant contributions at beginning of year | 2017-12-31 | $469,317 |
Participant contributions at beginning of year | 2017-12-31 | $78 |
Assets. Other investments not covered elsewhere at end of year | 2017-12-31 | $143,376 |
Assets. Other investments not covered elsewhere at beginning of year | 2017-12-31 | $55,304 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $498,862 |
Other income not declared elsewhere | 2017-12-31 | $15,694 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $2,895,617 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $17,434,038 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $14,538,421 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $22,539 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $5,463,449 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $13,097,361 |
Interest on participant loans | 2017-12-31 | $13,813 |
Value of interest in common/collective trusts at end of year | 2017-12-31 | $11,009,679 |
Value of interest in common/collective trusts at beginning of year | 2017-12-31 | $0 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $472,117 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $700,480 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $700,480 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $2,266 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $864,611 |
Net investment gain or loss from common/collective trusts | 2017-12-31 | $1,070,652 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $447,875 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $215,881 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $1,267,373 |
Contract administrator fees | 2017-12-31 | $3,596 |
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 | 2017-12-31 | Yes |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | RSM US LLP |
Accountancy firm EIN | 2017-12-31 | 420714325 |
2016 : AMERICAN BUSINESS BANK 401(K) PLAN 2016 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $3,258,158 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $988,017 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $922,387 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $2,465,762 |
Value of total assets at end of year | 2016-12-31 | $14,538,421 |
Value of total assets at beginning of year | 2016-12-31 | $12,268,280 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $65,630 |
Total interest from all sources | 2016-12-31 | $16,452 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $630,957 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $630,957 |
Administrative expenses professional fees incurred | 2016-12-31 | $8,626 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $404,885 |
Participant contributions at end of year | 2016-12-31 | $469,317 |
Participant contributions at beginning of year | 2016-12-31 | $449,524 |
Participant contributions at end of year | 2016-12-31 | $78 |
Participant contributions at beginning of year | 2016-12-31 | $39,191 |
Assets. Other investments not covered elsewhere at end of year | 2016-12-31 | $55,304 |
Assets. Other investments not covered elsewhere at beginning of year | 2016-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $815,418 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $3 |
Other income not declared elsewhere | 2016-12-31 | $50,165 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $2,270,141 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $14,538,421 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $12,268,280 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $53,397 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $13,097,361 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $11,076,322 |
Interest on participant loans | 2016-12-31 | $15,359 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $700,480 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $688,335 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $688,335 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $1,093 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $94,822 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $1,245,459 |
Employer contributions (assets) at end of year | 2016-12-31 | $215,881 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $14,905 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $922,387 |
Contract administrator fees | 2016-12-31 | $3,607 |
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 | 2016-12-31 | Yes |
Did the plan have assets held for investment | 2016-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | RSM US LLP |
Accountancy firm EIN | 2016-12-31 | 420714325 |
2015 : AMERICAN BUSINESS BANK 401(K) PLAN 2015 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $1,262,630 |
Total loss/gain on sale of assets | 2015-12-31 | $0 |
Total of all expenses incurred | 2015-12-31 | $446,529 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $393,402 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,452,103 |
Value of total assets at end of year | 2015-12-31 | $12,268,280 |
Value of total assets at beginning of year | 2015-12-31 | $11,452,179 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $53,127 |
Total interest from all sources | 2015-12-31 | $14,641 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $670,643 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $670,643 |
Administrative expenses professional fees incurred | 2015-12-31 | $8,027 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $877,901 |
Participant contributions at end of year | 2015-12-31 | $449,524 |
Participant contributions at beginning of year | 2015-12-31 | $462,866 |
Participant contributions at end of year | 2015-12-31 | $39,191 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $209,559 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $3 |
Other income not declared elsewhere | 2015-12-31 | $47,979 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $816,101 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $12,268,280 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $11,452,179 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $43,942 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $11,076,322 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $10,473,961 |
Interest on participant loans | 2015-12-31 | $14,581 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $688,335 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $515,352 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $515,352 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $60 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-922,736 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $364,643 |
Employer contributions (assets) at end of year | 2015-12-31 | $14,905 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $393,402 |
Contract administrator fees | 2015-12-31 | $1,158 |
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 | 2015-12-31 | Yes |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | GRANT THORNTON LLP |
Accountancy firm EIN | 2015-12-31 | 366055558 |