401k Plan data: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN plan

BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 401k Plan overview

Plan Name	BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN
Plan identification number	001

BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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

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

Company Name: BANK OF VERNON

Employer identification number (EIN): 640015480

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about BANK OF VERNON

Jurisdiction of Incorporation: Alabama Secretary of State

Incorporation Date: 1911-12-20

Company Identification Number: 002-037

More information about BANK OF VERNON

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 JUDY BIGGERS 2022-06-13 JUDY BIGGERS 2022-06-13
001 2020-01-01 JUDY BIGGERS 2021-09-16 JUDY BIGGERS 2021-09-16
001 2019-01-01 JUDY BIGGERS 2020-03-27 JUDY BIGGERS 2020-03-27
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 JUDY BIGGERS JUDY BIGGERS 2015-03-31
001 2013-01-01 JUDY BIGGERS JUDY BIGGERS 2014-03-28
001 2012-01-01 JUDY BIGGERS JUDY BIGGERS 2013-07-10
001 2011-01-01 JUDY BIGGERS JUDY BIGGERS 2012-07-16
001 2010-01-01 JUDY B. BIGGERS JUDY B. BIGGERS 2011-10-12
001 2009-01-01 JUDY BIGGERS JUDY BIGGERS 2010-07-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	JUDY BIGGERS	2022-06-13	JUDY BIGGERS	2022-06-13
001	2020-01-01	JUDY BIGGERS	2021-09-16	JUDY BIGGERS	2021-09-16
001	2019-01-01	JUDY BIGGERS	2020-03-27	JUDY BIGGERS	2020-03-27
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	JUDY BIGGERS		JUDY BIGGERS	2015-03-31
001	2013-01-01	JUDY BIGGERS		JUDY BIGGERS	2014-03-28
001	2012-01-01	JUDY BIGGERS		JUDY BIGGERS	2013-07-10
001	2011-01-01	JUDY BIGGERS		JUDY BIGGERS	2012-07-16
001	2010-01-01	JUDY B. BIGGERS		JUDY B. BIGGERS	2011-10-12
001	2009-01-01	JUDY BIGGERS		JUDY BIGGERS	2010-07-16

Plan Statistics for BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN

401k plan membership statisitcs for BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN

Measure Date Value
2021: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 40
Number of retired or separated participants receiving benefits 2021-01-01 7
Number of other retired or separated participants entitled to future benefits 2021-01-01 13
Total of all active and inactive participants 2021-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 61
Number of participants with account balances 2021-01-01 55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 1
2020: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 44
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 37
Number of retired or separated participants receiving benefits 2020-01-01 5
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 54
Number of participants with account balances 2020-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 3
2019: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 38
Number of retired or separated participants receiving benefits 2019-01-01 7
Number of other retired or separated participants entitled to future benefits 2019-01-01 6
Total of all active and inactive participants 2019-01-01 51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 51
Number of participants with account balances 2019-01-01 44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 41
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 32
Number of retired or separated participants receiving benefits 2018-01-01 8
Number of other retired or separated participants entitled to future benefits 2018-01-01 8
Total of all active and inactive participants 2018-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 48
Number of participants with account balances 2018-01-01 40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 1
2017: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 35
Number of retired or separated participants receiving benefits 2017-01-01 8
Number of other retired or separated participants entitled to future benefits 2017-01-01 7
Total of all active and inactive participants 2017-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 50
Number of participants with account balances 2017-01-01 41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 30
Number of retired or separated participants receiving benefits 2016-01-01 4
Number of other retired or separated participants entitled to future benefits 2016-01-01 7
Total of all active and inactive participants 2016-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 41
Number of participants with account balances 2016-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 32
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 25
Number of retired or separated participants receiving benefits 2015-01-01 6
Number of other retired or separated participants entitled to future benefits 2015-01-01 5
Total of all active and inactive participants 2015-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 36
Number of participants with account balances 2015-01-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 31
Number of retired or separated participants receiving benefits 2014-01-01 1
Number of other retired or separated participants entitled to future benefits 2014-01-01 5
Total of all active and inactive participants 2014-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 37
Number of participants with account balances 2014-01-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 29
Number of retired or separated participants receiving benefits 2013-01-01 7
Number of other retired or separated participants entitled to future benefits 2013-01-01 5
Total of all active and inactive participants 2013-01-01 41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 41
Number of participants with account balances 2013-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 30
Number of retired or separated participants receiving benefits 2012-01-01 1
Number of other retired or separated participants entitled to future benefits 2012-01-01 7
Total of all active and inactive participants 2012-01-01 38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 39
Number of participants with account balances 2012-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 31
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 6
Total of all active and inactive participants 2011-01-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 37
Number of participants with account balances 2011-01-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2010: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 38
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 33
Number of retired or separated participants receiving benefits 2010-01-01 1
Number of other retired or separated participants entitled to future benefits 2010-01-01 4
Total of all active and inactive participants 2010-01-01 38
Total participants 2010-01-01 38
Number of participants with account balances 2010-01-01 37
2009: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 37
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 35
Number of other retired or separated participants entitled to future benefits 2009-01-01 3
Total of all active and inactive participants 2009-01-01 38
Total participants 2009-01-01 38

Measure	Date	Value
2021: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	40
Number of retired or separated participants receiving benefits	2021-01-01	7
Number of other retired or separated participants entitled to future benefits	2021-01-01	13
Total of all active and inactive participants	2021-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	61
Number of participants with account balances	2021-01-01	55
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	1
2020: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	44
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	37
Number of retired or separated participants receiving benefits	2020-01-01	5
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	54
Number of participants with account balances	2020-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	3
2019: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	38
Number of retired or separated participants receiving benefits	2019-01-01	7
Number of other retired or separated participants entitled to future benefits	2019-01-01	6
Total of all active and inactive participants	2019-01-01	51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	51
Number of participants with account balances	2019-01-01	44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	41
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	32
Number of retired or separated participants receiving benefits	2018-01-01	8
Number of other retired or separated participants entitled to future benefits	2018-01-01	8
Total of all active and inactive participants	2018-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	48
Number of participants with account balances	2018-01-01	40
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	1
2017: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	35
Number of retired or separated participants receiving benefits	2017-01-01	8
Number of other retired or separated participants entitled to future benefits	2017-01-01	7
Total of all active and inactive participants	2017-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	50
Number of participants with account balances	2017-01-01	41
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	30
Number of retired or separated participants receiving benefits	2016-01-01	4
Number of other retired or separated participants entitled to future benefits	2016-01-01	7
Total of all active and inactive participants	2016-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	41
Number of participants with account balances	2016-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	32
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	25
Number of retired or separated participants receiving benefits	2015-01-01	6
Number of other retired or separated participants entitled to future benefits	2015-01-01	5
Total of all active and inactive participants	2015-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	36
Number of participants with account balances	2015-01-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	31
Number of retired or separated participants receiving benefits	2014-01-01	1
Number of other retired or separated participants entitled to future benefits	2014-01-01	5
Total of all active and inactive participants	2014-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	37
Number of participants with account balances	2014-01-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	29
Number of retired or separated participants receiving benefits	2013-01-01	7
Number of other retired or separated participants entitled to future benefits	2013-01-01	5
Total of all active and inactive participants	2013-01-01	41
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	41
Number of participants with account balances	2013-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	30
Number of retired or separated participants receiving benefits	2012-01-01	1
Number of other retired or separated participants entitled to future benefits	2012-01-01	7
Total of all active and inactive participants	2012-01-01	38
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	39
Number of participants with account balances	2012-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	31
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	6
Total of all active and inactive participants	2011-01-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	37
Number of participants with account balances	2011-01-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2010: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	38
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	33
Number of retired or separated participants receiving benefits	2010-01-01	1
Number of other retired or separated participants entitled to future benefits	2010-01-01	4
Total of all active and inactive participants	2010-01-01	38
Total participants	2010-01-01	38
Number of participants with account balances	2010-01-01	37
2009: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	37
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	35
Number of other retired or separated participants entitled to future benefits	2009-01-01	3
Total of all active and inactive participants	2009-01-01	38
Total participants	2009-01-01	38

Financial Data on BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN

Measure	Date	Value
2021 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2021 401k financial data
Total income from all sources	2021-12-31	$1,116,434
Expenses. Total of all expenses incurred	2021-12-31	$207,162
Benefits paid (including direct rollovers)	2021-12-31	$205,100
Total plan assets at end of year	2021-12-31	$7,043,786
Total plan assets at beginning of year	2021-12-31	$6,134,514
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$86,579
Assets. Value of loans (other than to participants)	2021-12-31	$45,869
Contributions received from other sources (not participants or employers)	2021-12-31	$4,399
Other income received	2021-12-31	$997,429
Net income (gross income less expenses)	2021-12-31	$909,272
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$7,043,786
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$6,134,514
Total contributions received or receivable from employer(s)	2021-12-31	$28,027
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$2,062
2020 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources	2020-12-31	$1,488,008
Expenses. Total of all expenses incurred	2020-12-31	$205,453
Benefits paid (including direct rollovers)	2020-12-31	$204,443
Total plan assets at end of year	2020-12-31	$6,134,514
Total plan assets at beginning of year	2020-12-31	$4,851,959
Value of fidelity bond covering the plan	2020-12-31	$500,000
Total contributions received or receivable from participants	2020-12-31	$77,609
Contributions received from other sources (not participants or employers)	2020-12-31	$19,116
Other income received	2020-12-31	$1,368,283
Net income (gross income less expenses)	2020-12-31	$1,282,555
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$6,134,514
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$4,851,959
Assets. Value of participant loans	2020-12-31	$38,227
Total contributions received or receivable from employer(s)	2020-12-31	$23,000
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$1,010
2019 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$1,257,181
Expenses. Total of all expenses incurred	2019-12-31	$180,045
Benefits paid (including direct rollovers)	2019-12-31	$179,540
Total plan assets at end of year	2019-12-31	$4,851,959
Total plan assets at beginning of year	2019-12-31	$3,774,823
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$74,815
Other income received	2019-12-31	$1,153,065
Net income (gross income less expenses)	2019-12-31	$1,077,136
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$4,851,959
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,774,823
Assets. Value of participant loans	2019-12-31	$36,625
Total contributions received or receivable from employer(s)	2019-12-31	$29,301
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$505
2018 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$118,386
Expenses. Total of all expenses incurred	2018-12-31	$257,936
Benefits paid (including direct rollovers)	2018-12-31	$257,326
Total plan assets at end of year	2018-12-31	$3,774,823
Total plan assets at beginning of year	2018-12-31	$3,914,373
Total contributions received or receivable from participants	2018-12-31	$73,557
Other income received	2018-12-31	$2,528
Net income (gross income less expenses)	2018-12-31	$-139,550
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,774,823
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$3,914,373
Assets. Value of participant loans	2018-12-31	$5,088
Total contributions received or receivable from employer(s)	2018-12-31	$42,301
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$610
2017 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$807,673
Expenses. Total of all expenses incurred	2017-12-31	$143,268
Benefits paid (including direct rollovers)	2017-12-31	$142,833
Total plan assets at end of year	2017-12-31	$3,914,373
Total plan assets at beginning of year	2017-12-31	$3,249,968
Total contributions received or receivable from participants	2017-12-31	$75,256
Other income received	2017-12-31	$718,917
Net income (gross income less expenses)	2017-12-31	$664,405
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$3,914,373
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$3,249,968
Assets. Value of participant loans	2017-12-31	$24,488
Total contributions received or receivable from employer(s)	2017-12-31	$13,500
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$435
2016 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$181,687
Expenses. Total of all expenses incurred	2016-12-31	$77,192
Benefits paid (including direct rollovers)	2016-12-31	$76,817
Total plan assets at end of year	2016-12-31	$3,249,968
Total plan assets at beginning of year	2016-12-31	$3,145,473
Total contributions received or receivable from participants	2016-12-31	$54,243
Other income received	2016-12-31	$115,914
Net income (gross income less expenses)	2016-12-31	$104,495
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$3,249,968
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$3,145,473
Assets. Value of participant loans	2016-12-31	$35,489
Total contributions received or receivable from employer(s)	2016-12-31	$11,530
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$375
2015 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$93,983
Expenses. Total of all expenses incurred	2015-12-31	$102,204
Benefits paid (including direct rollovers)	2015-12-31	$101,589
Total plan assets at end of year	2015-12-31	$3,145,473
Total plan assets at beginning of year	2015-12-31	$3,153,694
Total contributions received or receivable from participants	2015-12-31	$54,382
Contributions received from other sources (not participants or employers)	2015-12-31	$4,616
Other income received	2015-12-31	$34,985
Net income (gross income less expenses)	2015-12-31	$-8,221
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$3,145,473
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$3,153,694
Assets. Value of participant loans	2015-12-31	$50,843
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$615
2014 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$383,531
Expenses. Total of all expenses incurred	2014-12-31	$106,841
Benefits paid (including direct rollovers)	2014-12-31	$106,436
Total plan assets at end of year	2014-12-31	$3,153,694
Total plan assets at beginning of year	2014-12-31	$2,877,004
Total contributions received or receivable from participants	2014-12-31	$61,936
Other income received	2014-12-31	$321,595
Net income (gross income less expenses)	2014-12-31	$276,690
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$3,153,694
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,877,004
Assets. Value of participant loans	2014-12-31	$34,091
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$405
2013 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$495,876
Expenses. Total of all expenses incurred	2013-12-31	$92,294
Benefits paid (including direct rollovers)	2013-12-31	$91,814
Total plan assets at end of year	2013-12-31	$2,877,004
Total plan assets at beginning of year	2013-12-31	$2,473,422
Total contributions received or receivable from participants	2013-12-31	$64,547
Other income received	2013-12-31	$431,329
Net income (gross income less expenses)	2013-12-31	$403,582
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,877,004
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$2,473,422
Assets. Value of participant loans	2013-12-31	$58,841
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$480
2012 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$319,710
Expenses. Total of all expenses incurred	2012-12-31	$159,884
Benefits paid (including direct rollovers)	2012-12-31	$159,404
Total plan assets at end of year	2012-12-31	$2,473,422
Total plan assets at beginning of year	2012-12-31	$2,313,596
Total contributions received or receivable from participants	2012-12-31	$62,983
Other income received	2012-12-31	$256,727
Net income (gross income less expenses)	2012-12-31	$159,826
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$2,473,422
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,313,596
Assets. Value of participant loans	2012-12-31	$61,343
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$480
2011 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$8,166
Expenses. Total of all expenses incurred	2011-12-31	$126,732
Benefits paid (including direct rollovers)	2011-12-31	$125,822
Total plan assets at end of year	2011-12-31	$2,313,596
Total plan assets at beginning of year	2011-12-31	$2,432,162
Total contributions received or receivable from participants	2011-12-31	$68,654
Expenses. Other expenses not covered elsewhere	2011-12-31	$910
Contributions received from other sources (not participants or employers)	2011-12-31	$1,922
Other income received	2011-12-31	$-62,410
Net income (gross income less expenses)	2011-12-31	$-118,566
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,313,596
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,432,162
Assets. Value of participant loans	2011-12-31	$88,801
2010 : BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$848
Total income from all sources	2010-12-31	$773,413
Expenses. Total of all expenses incurred	2010-12-31	$481,818
Benefits paid (including direct rollovers)	2010-12-31	$480,873
Total plan assets at end of year	2010-12-31	$2,432,162
Total plan assets at beginning of year	2010-12-31	$2,141,415
Total contributions received or receivable from participants	2010-12-31	$69,997
Expenses. Other expenses not covered elsewhere	2010-12-31	$945
Contributions received from other sources (not participants or employers)	2010-12-31	$365,235
Other income received	2010-12-31	$338,181
Net income (gross income less expenses)	2010-12-31	$291,595
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,432,162
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,140,567
Assets. Value of participant loans	2010-12-31	$81,192

Form 5500 Responses for BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN

2021: BANK OF VERNON EMPLOYEES 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 – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BANK OF VERNON EMPLOYEES 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 – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BANK OF VERNON EMPLOYEES 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 – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement – Insurance	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement – Insurance	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: BANK OF VERNON EMPLOYEES PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BANK OF VERNON
Employer identification number (EIN):	640015480
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Alabama Secretary of State
Incorporation Date:	1911-12-20
Company Identification Number:	002-037