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FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 401k Plan overview

Plan NameFREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL
Plan identification number 002

FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

FREMONT BANCORPORATION has sponsored the creation of one or more 401k plans.

Company Name:FREMONT BANCORPORATION
Employer identification number (EIN):941707113
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about FREMONT BANCORPORATION

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C0567135

More information about FREMONT BANCORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022011-01-01JACQUELINE MCCORMICK
0022010-01-01JACQUELINE MCCORMICK
0022009-01-01JACQUELINE MCCORMICK
0022009-01-01JACQUELINE MCCORMICK

Plan Statistics for FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL

401k plan membership statisitcs for FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL

Measure Date Value
2011: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2011 401k membership
Total participants, beginning-of-year2011-01-01771
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2010 401k membership
Total participants, beginning-of-year2010-01-01661
Total number of active participants reported on line 7a of the Form 55002010-01-01678
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0193
Total of all active and inactive participants2010-01-01771
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01771
Number of participants with account balances2010-01-01501
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0117
2009: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2009 401k membership
Total participants, beginning-of-year2009-01-01681
Total number of active participants reported on line 7a of the Form 55002009-01-01562
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0199
Total of all active and inactive participants2009-01-01661
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01661
Number of participants with account balances2009-01-01493
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL

Measure Date Value
2011 : FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$0
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$26,120,325
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$2,382,664
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,402,082
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,302,217
Expenses. Certain deemed distributions of participant loans2011-12-31$85,572
Value of total corrective distributions2011-12-31$6,810
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$3,176,981
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$25,139,743
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$7,483
Total interest from all sources2011-12-31$39,153
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$377,573
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$377,573
Assets. Real estate other than employer real property at end of year2011-12-31$0
Assets. Real estate other than employer real property at beginning of year2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$15,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$2,614,661
Participant contributions at end of year2011-12-31$813,022
Participant contributions at beginning of year2011-12-31$755,705
Participant contributions at end of year2011-12-31$1,093
Participant contributions at beginning of year2011-12-31$347
Assets. Other investments not covered elsewhere at end of year2011-12-31$-25,438,259
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$104,078
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Assets. Loans (other than to participants) at end of year2011-12-31$0
Assets. Loans (other than to participants) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$0
Other income not declared elsewhere2011-12-31$-35,221
Administrative expenses (other) incurred2011-12-31$7,483
Total non interest bearing cash at end of year2011-12-31$744
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$980,582
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$25,139,743
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$0
Assets. partnership/joint venture interests at beginning of year2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$19,020,420
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$18,954,933
Value of interest in pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$0
Interest on participant loans2011-12-31$38,991
Interest earned on other investments2011-12-31$0
Income. Interest from US Government securities2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$5,426,088
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$5,600,988
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$669
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$669
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$162
Asset value of US Government securities at end of year2011-12-31$0
Asset value of US Government securities at beginning of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,176,731
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$909
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Assets. Value of employer real property at end of year2011-12-31$0
Contributions received in cash from employer2011-12-31$458,242
Employer contributions (assets) at end of year2011-12-31$1,992
Employer contributions (assets) at beginning of year2011-12-31$2,001
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,302,217
Asset. Corporate debt instrument preferred debt at end of year2011-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MOSS ADAMS LLP
Accountancy firm EIN2011-12-31910189318
2010 : FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$5,383,813
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,670,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,638,603
Expenses. Certain deemed distributions of participant loans2010-12-31$8,874
Value of total corrective distributions2010-12-31$16,812
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,782,623
Value of total assets at end of year2010-12-31$25,139,743
Value of total assets at beginning of year2010-12-31$21,426,645
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$6,426
Total interest from all sources2010-12-31$33,857
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$277,785
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$277,785
Assets. Real estate other than employer real property at end of year2010-12-31$0
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$2,233,035
Participant contributions at end of year2010-12-31$755,705
Participant contributions at beginning of year2010-12-31$597,620
Participant contributions at end of year2010-12-31$347
Participant contributions at beginning of year2010-12-31$87,368
Assets. Other investments not covered elsewhere at end of year2010-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$155,209
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Assets. Loans (other than to participants) at end of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$6,858
Administrative expenses (other) incurred2010-12-31$6,426
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$3,713,098
Value of net assets at end of year (total assets less liabilities)2010-12-31$25,139,743
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$21,426,645
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$0
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$18,954,933
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$15,833,889
Interest on participant loans2010-12-31$33,544
Interest earned on other investments2010-12-31$0
Income. Interest from US Government securities2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$5,426,088
Value of interest in common/collective trusts at beginning of year2010-12-31$4,821,723
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$669
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$351
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$351
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$313
Asset value of US Government securities at end of year2010-12-31$0
Asset value of US Government securities at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,854,419
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$428,271
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$394,379
Employer contributions (assets) at end of year2010-12-31$2,001
Employer contributions (assets) at beginning of year2010-12-31$85,694
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,638,603
Asset. Corporate debt instrument preferred debt at end of year2010-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SENSIBBA SAN FILIPPO LLP
Accountancy firm EIN2010-12-31942370906
2009 : FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL

2011: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: FREMONT BANK AND FREMONT BANCORPORATION SAVINGS PL 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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