BOARD OF TRUSTEES OF THE PREMIER BANK RETIREMENT FUND has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2023: PREMIER BANKS RETIREMENT PLAN 2023 401k membership |
|---|
| Total participants, beginning-of-year | 2023-01-01 | 245 |
| Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 185 |
| Number of retired or separated participants receiving benefits | 2023-01-01 | 1 |
| Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 52 |
| Total of all active and inactive participants | 2023-01-01 | 238 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 1 |
| Total participants | 2023-01-01 | 239 |
| Number of participants with account balances | 2023-01-01 | 208 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 9 |
| 2022: PREMIER BANKS RETIREMENT PLAN 2022 401k membership |
|---|
| Total participants, beginning-of-year | 2022-12-08 | 0 |
| Total number of active participants reported on line 7a of the Form 5500 | 2022-12-08 | 177 |
| Number of other retired or separated participants entitled to future benefits | 2022-12-08 | 54 |
| Total of all active and inactive participants | 2022-12-08 | 231 |
| Total participants | 2022-12-08 | 231 |
| Number of participants with account balances | 2022-12-08 | 203 |
| Measure | Date | Value |
|---|
| 2023 : PREMIER BANKS RETIREMENT PLAN 2023 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2023-12-31 | $-21,964 |
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $-21,964 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $5,491,626 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,730,470 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,697,872 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,526,155 |
| Value of total assets at end of year | 2023-12-31 | $27,135,543 |
| Value of total assets at beginning of year | 2023-12-31 | $23,374,387 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $32,598 |
| Total interest from all sources | 2023-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,016,935 |
| Participant contributions at beginning of year | 2023-12-31 | $29,443 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $204,475 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $3,761,156 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $27,135,543 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $23,374,387 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $25,833,543 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $9,585,611 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $12,427,333 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $12,427,333 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $2,987,435 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,304,745 |
| Employer contributions (assets) at end of year | 2023-12-31 | $1,302,000 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $1,332,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,697,872 |
| Contract administrator fees | 2023-12-31 | $32,598 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | SMITH SCHAFER AND ASSOCIATES, LTD |
| Accountancy firm EIN | 2023-12-31 | 411489071 |
| 2022 : PREMIER BANKS RETIREMENT PLAN 2022 401k financial data |
|---|
| Transfers to/from the plan | 2022-12-31 | $23,374,115 |
| Total income from all sources | 2022-12-31 | $272 |
| Total plan assets at end of year | 2022-12-31 | $23,374,387 |
| Value of fidelity bond covering the plan | 2022-12-31 | $10,000,000 |
| Other income received | 2022-12-31 | $272 |
| Net income (gross income less expenses) | 2022-12-31 | $272 |
| Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $23,374,387 |
