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STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameSTATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN
Plan identification number 001

STATE BANK & TRUST COMPANY 401(K) RETIREMENT 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.
  • 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

STATE BANK & TRUST CO. has sponsored the creation of one or more 401k plans.

Company Name:STATE BANK & TRUST CO.
Employer identification number (EIN):810197890
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01JAMES EISENZIMER JAMES EISENZIMER2013-02-07
0012011-01-01JAMES EISENZIMER
0012010-01-01JAMES EISENZIMER2011-04-13

Plan Statistics for STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN

401k plan membership statisitcs for STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN

Measure Date Value
2012: STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0127
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0127
Total number of active participants reported on line 7a of the Form 55002011-01-0125
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0127
Number of participants with account balances2011-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011

Financial Data on STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN

Measure Date Value
2012 : STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-09-20$284,008
Expenses. Total of all expenses incurred2012-09-20$3,285,441
Benefits paid (including direct rollovers)2012-09-20$3,285,441
Total plan assets at end of year2012-09-20$0
Total plan assets at beginning of year2012-09-20$3,001,433
Value of fidelity bond covering the plan2012-09-20$2,000,000
Total contributions received or receivable from participants2012-09-20$45,936
Other income received2012-09-20$204,570
Net income (gross income less expenses)2012-09-20$-3,001,433
Net plan assets at end of year (total assets less liabilities)2012-09-20$0
Net plan assets at beginning of year (total assets less liabilities)2012-09-20$3,001,433
Total contributions received or receivable from employer(s)2012-09-20$33,502
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-09-20$0
2011 : STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$140,986
Expenses. Total of all expenses incurred2011-12-31$892,817
Benefits paid (including direct rollovers)2011-12-31$892,673
Total plan assets at end of year2011-12-31$3,001,433
Total plan assets at beginning of year2011-12-31$3,753,264
Value of fidelity bond covering the plan2011-12-31$2,000,000
Total contributions received or receivable from participants2011-12-31$99,902
Other income received2011-12-31$-23,854
Net income (gross income less expenses)2011-12-31$-751,831
Net plan assets at end of year (total assets less liabilities)2011-12-31$3,001,433
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,753,264
Total contributions received or receivable from employer(s)2011-12-31$64,938
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$144
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN

2012: STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: STATE BANK & TRUST COMPANY 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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