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FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS BANK RETIREMENT PLAN
Plan identification number 004

FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:COMMUNITY BANK
Employer identification number (EIN):250393033
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about COMMUNITY BANK

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number: 3738333

More information about COMMUNITY BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042016-01-01KEVIN D. LEMLEY
0042015-01-01KEVIN D. LEMLEY

Plan Statistics for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Measure Date Value
2016: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0132
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01117
Total number of active participants reported on line 7a of the Form 55002015-01-0117
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0115
Total of all active and inactive participants2015-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0132
Number of participants with account balances2015-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010

Financial Data on FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Measure Date Value
2016 : FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2016 401k financial data
Total income from all sources2016-03-09$-33,725
Expenses. Total of all expenses incurred2016-03-09$835,844
Benefits paid (including direct rollovers)2016-03-09$835,194
Total plan assets at end of year2016-03-09$0
Total plan assets at beginning of year2016-03-09$869,569
Value of fidelity bond covering the plan2016-03-09$5,500,000
Other income received2016-03-09$-33,725
Net income (gross income less expenses)2016-03-09$-869,569
Net plan assets at end of year (total assets less liabilities)2016-03-09$0
Net plan assets at beginning of year (total assets less liabilities)2016-03-09$869,569
Assets. Value of employer securities2016-03-09$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-03-09$650
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-03-09$0
2015 : FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2015 401k financial data
Total income from all sources2015-12-31$87,560
Expenses. Total of all expenses incurred2015-12-31$6,327,994
Benefits paid (including direct rollovers)2015-12-31$6,322,638
Total plan assets at end of year2015-12-31$869,569
Total plan assets at beginning of year2015-12-31$7,110,003
Value of fidelity bond covering the plan2015-12-31$5,500,000
Other income received2015-12-31$87,560
Net income (gross income less expenses)2015-12-31$-6,240,434
Net plan assets at end of year (total assets less liabilities)2015-12-31$869,569
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$7,110,003
Assets. Value of participant loans2015-12-31$0
Assets. Value of employer securities2015-12-31$192,482
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$5,356
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0

Form 5500 Responses for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

2016: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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