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THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTHE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 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.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • 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

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

Company Name:THE PEOPLES COMMUNITY BANK
Employer identification number (EIN):390532600
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01
0022015-01-01
0022014-01-01GARY HARROP2015-04-23
0022014-01-01
0022013-01-01GARY HARROP2014-05-13
0022012-01-01GARY HARROP2013-04-23
0022011-01-01GARY HARROP2012-08-10
0022010-01-01GARY HARROP2011-06-23

Plan Statistics for THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0166
Total number of active participants reported on line 7a of the Form 55002023-01-0158
Number of retired or separated participants receiving benefits2023-01-011
Number of other retired or separated participants entitled to future benefits2023-01-018
Total of all active and inactive participants2023-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0167
Number of participants with account balances2023-01-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0165
Total number of active participants reported on line 7a of the Form 55002022-01-0152
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-0166
Number of participants with account balances2022-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010

Financial Data on THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total income from all sources2023-12-31$1,958,233
Expenses. Total of all expenses incurred2023-12-31$1,307,188
Benefits paid (including direct rollovers)2023-12-31$1,295,478
Total plan assets at end of year2023-12-31$7,749,266
Total plan assets at beginning of year2023-12-31$7,098,221
Value of fidelity bond covering the plan2023-12-31$2,000,000
Total contributions received or receivable from participants2023-12-31$339,224
Contributions received from other sources (not participants or employers)2023-12-31$118,413
Other income received2023-12-31$1,337,979
Net income (gross income less expenses)2023-12-31$651,045
Net plan assets at end of year (total assets less liabilities)2023-12-31$7,749,266
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$7,098,221
Assets. Value of participant loans2023-12-31$45,920
Total contributions received or receivable from employer(s)2023-12-31$162,617
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$11,710
2022 : THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total income from all sources2022-12-31$-1,241,728
Expenses. Total of all expenses incurred2022-12-31$3,337,761
Benefits paid (including direct rollovers)2022-12-31$3,320,582
Total plan assets at end of year2022-12-31$7,098,221
Total plan assets at beginning of year2022-12-31$11,677,710
Value of fidelity bond covering the plan2022-12-31$2,000,000
Total contributions received or receivable from participants2022-12-31$330,144
Contributions received from other sources (not participants or employers)2022-12-31$19,110
Other income received2022-12-31$-1,713,671
Net income (gross income less expenses)2022-12-31$-4,579,489
Net plan assets at end of year (total assets less liabilities)2022-12-31$7,098,221
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$11,677,710
Assets. Value of participant loans2022-12-31$46,322
Total contributions received or receivable from employer(s)2022-12-31$122,689
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$17,179

Form 5500 Responses for THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

2023: THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE PEOPLE'S COMMUNITY BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number506613-01
Policy instance 1
Insurance contract or identification number506613-01
Number of Individuals Covered22
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number506613-01
Policy instance 1
Insurance contract or identification number506613-01
Number of Individuals Covered25
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Insurance broker organization code?3

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