401k Plan data: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN plan

CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan Name	CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN
Plan identification number	001

CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

CHARTER BANKSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CHARTER BANKSHARES, INC.

Employer identification number (EIN): 208004224

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01 URVASHI JONES 2019-08-15
001 2018-01-01 THAD COWARD 2020-10-21
001 2017-01-01 URVASHI JONES 2018-09-24
001 2016-01-01 PAUL KOHLER 2017-06-28 PAUL KOHLER 2017-06-28
001 2015-01-01 PAUL KOHLER 2016-09-28
001 2014-01-01 PAUL KOHLER 2015-10-05
001 2013-01-01 PAUL KOHLER 2014-07-15 PAUL KOHLER 2014-07-15
001 2012-01-01 PAUL KOHLER 2013-07-25
001 2011-01-01 DEAN OLSON 2012-08-13
001 2010-01-01 DEAN OLSON 2011-07-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01
001	2018-01-01	URVASHI JONES	2019-08-15
001	2018-01-01	THAD COWARD	2020-10-21
001	2017-01-01	URVASHI JONES	2018-09-24
001	2016-01-01	PAUL KOHLER	2017-06-28	PAUL KOHLER	2017-06-28
001	2015-01-01	PAUL KOHLER	2016-09-28
001	2014-01-01	PAUL KOHLER	2015-10-05
001	2013-01-01	PAUL KOHLER	2014-07-15	PAUL KOHLER	2014-07-15
001	2012-01-01	PAUL KOHLER	2013-07-25
001	2011-01-01	DEAN OLSON	2012-08-13
001	2010-01-01	DEAN OLSON	2011-07-13

Plan Statistics for CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2022: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 150
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 0
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 0
Total of all active and inactive participants 2022-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 0
Number of participants with account balances 2022-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 125
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 105
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 45
Total of all active and inactive participants 2021-01-01 150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 150
Number of participants with account balances 2021-01-01 136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 4
2020: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 91
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 34
Total of all active and inactive participants 2020-01-01 125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 125
Number of participants with account balances 2020-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 9
2019: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 123
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 90
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 34
Total of all active and inactive participants 2019-01-01 124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 124
Number of participants with account balances 2019-01-01 121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 9

Measure	Date	Value
2022: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	150
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	0
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	0
Total of all active and inactive participants	2022-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	0
Number of participants with account balances	2022-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	125
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	105
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	45
Total of all active and inactive participants	2021-01-01	150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	150
Number of participants with account balances	2021-01-01	136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	4
2020: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	91
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	34
Total of all active and inactive participants	2020-01-01	125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	125
Number of participants with account balances	2020-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	9
2019: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	123
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	90
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	34
Total of all active and inactive participants	2019-01-01	124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	124
Number of participants with account balances	2019-01-01	121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	9

Financial Data on CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN

Measure	Date	Value
2022 : CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING 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	$14,167
Total income from all sources (including contributions)	2022-12-31	$-2,650,087
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$15,005,899
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$14,967,379
Expenses. Certain deemed distributions of participant loans	2022-12-31	$2,108
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$819,547
Value of total assets at end of year	2022-12-31	$0
Value of total assets at beginning of year	2022-12-31	$17,670,153
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$36,412
Total interest from all sources	2022-12-31	$283
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$84,101
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2022-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$84,101
Administrative expenses professional fees incurred	2022-12-31	$36,412
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$7,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$510,504
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$10,863
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$28,377
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$14,167
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	$-17,655,986
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$17,655,986
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
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$17,340,696
Interest on participant loans	2022-12-31	$283
Value of interest in common/collective trusts at end of year	2022-12-31	$0
Value of interest in common/collective trusts at beginning of year	2022-12-31	$250,240
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	$14,167
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$14,167
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-3,562,317
Net investment gain or loss from common/collective trusts	2022-12-31	$8,299
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	$309,043
Employer contributions (assets) at end of year	2022-12-31	$0
Employer contributions (assets) at beginning of year	2022-12-31	$25,810
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$14,967,379
Did the plan have assets held for investment	2022-12-31	No
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	Yes
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CLIFTONLARSONALLEN, LLP
Accountancy firm EIN	2022-12-31	410746749
2021 : CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING 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	$14,167
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$11,738
Total income from all sources (including contributions)	2021-12-31	$3,360,050
Total loss/gain on sale of assets	2021-12-31	$39,467
Total of all expenses incurred	2021-12-31	$404,010
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$373,129
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,276,830
Value of total assets at end of year	2021-12-31	$17,670,153
Value of total assets at beginning of year	2021-12-31	$14,711,684
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$30,881
Total interest from all sources	2021-12-31	$1,105
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$1,552,843
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	$1,552,843
Administrative expenses professional fees incurred	2021-12-31	$30,881
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$7,000,000
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	$672,612
Participant contributions at end of year	2021-12-31	$10,863
Participant contributions at beginning of year	2021-12-31	$35,776
Participant contributions at end of year	2021-12-31	$28,377
Participant contributions at beginning of year	2021-12-31	$23,572
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$148,946
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$14,167
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2021-12-31	$11,738
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	$2,956,040
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$17,655,986
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$14,699,946
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	$17,340,696
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$14,327,919
Interest on participant loans	2021-12-31	$1,105
Value of interest in common/collective trusts at end of year	2021-12-31	$250,240
Value of interest in common/collective trusts at beginning of year	2021-12-31	$285,661
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$14,167
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$11,738
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$11,738
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$485,032
Net investment gain or loss from common/collective trusts	2021-12-31	$4,773
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	$455,272
Employer contributions (assets) at end of year	2021-12-31	$25,810
Employer contributions (assets) at beginning of year	2021-12-31	$27,018
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$373,129
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
Aggregate proceeds on sale of assets	2021-12-31	$1,011,180
Aggregate carrying amount (costs) on sale of assets	2021-12-31	$971,713
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CLIFTONLARSONALLEN, LLP
Accountancy firm EIN	2021-12-31	410746749
2020 : CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING 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	$11,738
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$9,498
Total income from all sources (including contributions)	2020-12-31	$3,460,804
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$719,755
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$698,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,371,906
Value of total assets at end of year	2020-12-31	$14,711,684
Value of total assets at beginning of year	2020-12-31	$11,968,395
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$21,755
Total interest from all sources	2020-12-31	$1,694
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$405,180
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	$405,180
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$7,000,000
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	$577,546
Participant contributions at end of year	2020-12-31	$35,776
Participant contributions at beginning of year	2020-12-31	$37,632
Participant contributions at end of year	2020-12-31	$23,572
Participant contributions at beginning of year	2020-12-31	$18,599
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$404,720
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-12-31	$11,738
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$9,498
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	$2,741,049
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$14,699,946
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$11,958,897
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	$14,327,919
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$11,504,783
Interest on participant loans	2020-12-31	$1,694
Value of interest in common/collective trusts at end of year	2020-12-31	$285,661
Value of interest in common/collective trusts at beginning of year	2020-12-31	$372,943
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2020-12-31	$11,738
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$9,498
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$9,498
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$1,672,565
Net investment gain or loss from common/collective trusts	2020-12-31	$9,459
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	$389,640
Employer contributions (assets) at end of year	2020-12-31	$27,018
Employer contributions (assets) at beginning of year	2020-12-31	$24,940
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$698,000
Contract administrator fees	2020-12-31	$21,755
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	CLIFTONLARSONALLEN, LLP
Accountancy firm EIN	2020-12-31	410746749
2019 : CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
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	$9,498
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$9,498
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$9,017
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$9,017
Total income from all sources (including contributions)	2019-12-31	$3,034,634
Total income from all sources (including contributions)	2019-12-31	$3,034,634
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,322,998
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,299,750
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,299,750
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$909,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$909,608
Value of total assets at end of year	2019-12-31	$11,968,395
Value of total assets at end of year	2019-12-31	$11,968,395
Value of total assets at beginning of year	2019-12-31	$10,256,278
Value of total assets at beginning of year	2019-12-31	$10,256,278
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$23,248
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$23,248
Total interest from all sources	2019-12-31	$2,612
Total interest from all sources	2019-12-31	$2,612
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$301,537
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$301,537
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
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	$301,537
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$7,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
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
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$520,856
Contributions received from participants	2019-12-31	$520,856
Participant contributions at end of year	2019-12-31	$37,632
Participant contributions at end of year	2019-12-31	$37,632
Participant contributions at beginning of year	2019-12-31	$59,266
Participant contributions at beginning of year	2019-12-31	$59,266
Participant contributions at end of year	2019-12-31	$18,599
Participant contributions at end of year	2019-12-31	$18,599
Participant contributions at beginning of year	2019-12-31	$16,675
Participant contributions at beginning of year	2019-12-31	$16,675
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$41,603
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$41,603
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$9,498
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$9,498
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$9,017
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$9,017
Other income not declared elsewhere	2019-12-31	$20,667
Other income not declared elsewhere	2019-12-31	$20,667
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
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	$1,711,636
Value of net income/loss	2019-12-31	$1,711,636
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$11,958,897
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$11,958,897
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$10,247,261
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$10,247,261
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
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 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
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$11,504,783
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$11,504,783
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$9,537,309
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$9,537,309
Interest on participant loans	2019-12-31	$2,612
Interest on participant loans	2019-12-31	$2,612
Value of interest in common/collective trusts at end of year	2019-12-31	$372,943
Value of interest in common/collective trusts at end of year	2019-12-31	$372,943
Value of interest in common/collective trusts at beginning of year	2019-12-31	$613,891
Value of interest in common/collective trusts at beginning of year	2019-12-31	$613,891
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$9,498
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$9,498
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$9,017
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$9,017
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$9,017
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$9,017
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,786,843
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,786,843
Net investment gain or loss from common/collective trusts	2019-12-31	$13,367
Net investment gain or loss from common/collective trusts	2019-12-31	$13,367
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
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
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
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Assets. Invements in employer securities at end of year	2019-12-31	$0
Assets. Invements in employer securities at end of year	2019-12-31	$0
Assets. Invements in employer securities at beginning of year	2019-12-31	$0
Assets. Invements in employer securities at beginning of year	2019-12-31	$0
Contributions received in cash from employer	2019-12-31	$347,149
Contributions received in cash from employer	2019-12-31	$347,149
Employer contributions (assets) at end of year	2019-12-31	$24,940
Employer contributions (assets) at end of year	2019-12-31	$24,940
Employer contributions (assets) at beginning of year	2019-12-31	$20,120
Employer contributions (assets) at beginning of year	2019-12-31	$20,120
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,299,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,299,750
Contract administrator fees	2019-12-31	$23,248
Contract administrator fees	2019-12-31	$23,248
Did the plan have assets held for investment	2019-12-31	Yes
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
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
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
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	CLIFTONLARSONALLEN, LLP
Accountancy firm name	2019-12-31	CLIFTONLARSONALLEN, LLP
Accountancy firm EIN	2019-12-31	410746749

Form 5500 Responses for CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN

2022: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	Yes
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CHARTER BANKSHARES, INC. 401(K) AND PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CHARTER BANKSHARES, INC.
Employer identification number (EIN):	208004224
NAIC Classification:	522110
NAIC Description:	Commercial Banking