BANK OF GRANITE has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
401k plan membership statisitcs for BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Measure | Date | Value |
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2012 : BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2012-07-10 | $0 |
Total transfer of assets from this plan | 2012-07-10 | $9,557,973 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-07-10 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-07-10 | $0 |
Total income from all sources (including contributions) | 2012-07-10 | $547,288 |
Total loss/gain on sale of assets | 2012-07-10 | $-569 |
Total of all expenses incurred | 2012-07-10 | $2,575,667 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-07-10 | $2,527,513 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-07-10 | $128,059 |
Value of total assets at end of year | 2012-07-10 | $0 |
Value of total assets at beginning of year | 2012-07-10 | $11,586,352 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-07-10 | $48,154 |
Total interest from all sources | 2012-07-10 | $6,181 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-07-10 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-07-10 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-07-10 | $0 |
Was this plan covered by a fidelity bond | 2012-07-10 | Yes |
Value of fidelity bond cover | 2012-07-10 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2012-07-10 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-07-10 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-07-10 | No |
Contributions received from participants | 2012-07-10 | $94,566 |
Participant contributions at end of year | 2012-07-10 | $0 |
Participant contributions at beginning of year | 2012-07-10 | $332,433 |
Administrative expenses (other) incurred | 2012-07-10 | $2,481 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-07-10 | No |
Value of net income/loss | 2012-07-10 | $-2,028,379 |
Value of net assets at end of year (total assets less liabilities) | 2012-07-10 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-07-10 | $11,586,352 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-07-10 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-07-10 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-07-10 | No |
Investment advisory and management fees | 2012-07-10 | $7,010 |
Interest on participant loans | 2012-07-10 | $5,993 |
Value of interest in common/collective trusts at end of year | 2012-07-10 | $0 |
Value of interest in common/collective trusts at beginning of year | 2012-07-10 | $11,112,325 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-07-10 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-07-10 | $111,525 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-07-10 | $111,525 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-07-10 | $188 |
Net investment gain or loss from common/collective trusts | 2012-07-10 | $413,617 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-07-10 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-07-10 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-07-10 | No |
Assets. Invements in employer securities at end of year | 2012-07-10 | $0 |
Assets. Invements in employer securities at beginning of year | 2012-07-10 | $30,069 |
Contributions received in cash from employer | 2012-07-10 | $33,493 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-07-10 | $2,527,513 |
Contract administrator fees | 2012-07-10 | $38,663 |
Did the plan have assets held for investment | 2012-07-10 | 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 | 2012-07-10 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-07-10 | No |
Aggregate proceeds on sale of assets | 2012-07-10 | $29,499 |
Aggregate carrying amount (costs) on sale of assets | 2012-07-10 | $30,068 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-07-10 | No |
Opinion of an independent qualified public accountant for this plan | 2012-07-10 | Unqualified |
Accountancy firm name | 2012-07-10 | DIXON HUGHES GOODMAN LLP |
Accountancy firm EIN | 2012-07-10 | 560747981 |
2011 : BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data |
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Unrealized appreciation/depreciation of real estate assets | 2011-12-31 | $-6,746 |
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-6,746 |
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 |
Total income from all sources (including contributions) | 2011-12-31 | $447,730 |
Total loss/gain on sale of assets | 2011-12-31 | $4,224 |
Total of all expenses incurred | 2011-12-31 | $2,517,164 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $2,417,986 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $187,342 |
Value of total assets at end of year | 2011-12-31 | $11,586,352 |
Value of total assets at beginning of year | 2011-12-31 | $13,655,786 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $99,178 |
Total interest from all sources | 2011-12-31 | $16,544 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Contributions received from participants | 2011-12-31 | $187,342 |
Participant contributions at end of year | 2011-12-31 | $332,433 |
Participant contributions at beginning of year | 2011-12-31 | $375,691 |
Administrative expenses (other) incurred | 2011-12-31 | $4,373 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $-2,069,434 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $11,586,352 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $13,655,786 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Investment advisory and management fees | 2011-12-31 | $14,569 |
Income. Interest from loans (other than to participants) | 2011-12-31 | $16,321 |
Value of interest in common/collective trusts at end of year | 2011-12-31 | $11,112,325 |
Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $13,123,238 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $111,525 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $111,760 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $111,760 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $223 |
Net investment gain or loss from common/collective trusts | 2011-12-31 | $246,366 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Assets. Invements in employer securities at end of year | 2011-12-31 | $30,069 |
Assets. Invements in employer securities at beginning of year | 2011-12-31 | $45,097 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $2,417,986 |
Contract administrator fees | 2011-12-31 | $80,236 |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Aggregate proceeds on sale of assets | 2011-12-31 | $12,271 |
Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $8,047 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | DIXON HUGHES GOODMAN LLP |
Accountancy firm EIN | 2011-12-31 | 560747981 |
2010 : BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $-3,798 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $-3,798 |
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 |
Total income from all sources (including contributions) | 2010-12-31 | $1,375,854 |
Total loss/gain on sale of assets | 2010-12-31 | $20,080 |
Total of all expenses incurred | 2010-12-31 | $2,638,198 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $2,522,871 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $225,728 |
Value of total assets at end of year | 2010-12-31 | $13,655,786 |
Value of total assets at beginning of year | 2010-12-31 | $14,918,130 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $115,327 |
Total interest from all sources | 2010-12-31 | $15,784 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $225,728 |
Participant contributions at end of year | 2010-12-31 | $375,691 |
Participant contributions at beginning of year | 2010-12-31 | $335,424 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $9,522 |
Administrative expenses (other) incurred | 2010-12-31 | $4,338 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $21 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-1,262,344 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $13,655,786 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $14,918,130 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Investment advisory and management fees | 2010-12-31 | $14,784 |
Income. Interest from loans (other than to participants) | 2010-12-31 | $15,421 |
Value of interest in common/collective trusts at end of year | 2010-12-31 | $13,123,238 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $14,432,650 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $111,760 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $86,006 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $86,006 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $363 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $1,118,060 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Assets. Invements in employer securities at end of year | 2010-12-31 | $45,097 |
Assets. Invements in employer securities at beginning of year | 2010-12-31 | $54,507 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $2,522,871 |
Contract administrator fees | 2010-12-31 | $96,205 |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Aggregate proceeds on sale of assets | 2010-12-31 | $37,581 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $17,501 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | DIXON HUGHES GOODMAN LLP |
Accountancy firm EIN | 2010-12-31 | 560747981 |
2009 : BANK OF GRANITE EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |