401k Plan data: CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN plan

CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN
Plan identification number	001

CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

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

Company Name: BANK OF THE CASCADES

Employer identification number (EIN): 930658404

NAIC Classification: 522190
NAIC Description: Other Depository Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 CHRISTI KENT-ADAIR

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	CHRISTI KENT-ADAIR

Plan Statistics for CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN

Measure Date Value
2017: CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 974
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 0
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 0
Number of participants with account balances 2017-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2017: CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	974
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	0
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	0
Number of participants with account balances	2017-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2017 : CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total transfer of assets from this plan	2017-08-14	$27,990,781
Total income from all sources (including contributions)	2017-08-14	$5,421,974
Total of all expenses incurred	2017-08-14	$5,755,036
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-08-14	$5,656,471
Value of total corrective distributions	2017-08-14	$2,459
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-08-14	$2,544,545
Value of total assets at end of year	2017-08-14	$0
Value of total assets at beginning of year	2017-08-14	$28,323,843
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-08-14	$96,106
Total interest from all sources	2017-08-14	$16,556
Total dividends received (eg from common stock, registered investment company shares)	2017-08-14	$210,729
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-08-14	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2017-08-14	$0
Total dividends received from registered investment company shares (eg mutual funds)	2017-08-14	$210,729
Was this plan covered by a fidelity bond	2017-08-14	Yes
Value of fidelity bond cover	2017-08-14	$10,000,000
If this is an individual account plan, was there a blackout period	2017-08-14	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-08-14	$0
Were there any nonexempt tranactions with any party-in-interest	2017-08-14	No
Contributions received from participants	2017-08-14	$1,656,127
Participant contributions at end of year	2017-08-14	$0
Participant contributions at beginning of year	2017-08-14	$484,981
Participant contributions at end of year	2017-08-14	$0
Participant contributions at beginning of year	2017-08-14	$73,061
Income. Received or receivable in cash from other sources (including rollovers)	2017-08-14	$218,060
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-08-14	No
Value of net income/loss	2017-08-14	$-333,062
Value of net assets at end of year (total assets less liabilities)	2017-08-14	$0
Value of net assets at beginning of year (total assets less liabilities)	2017-08-14	$28,323,843
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-08-14	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-08-14	No
Were any leases to which the plan was party in default or uncollectible	2017-08-14	No
Investment advisory and management fees	2017-08-14	$33,750
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-08-14	$24,487,204
Interest on participant loans	2017-08-14	$16,556
Value of interest in common/collective trusts at end of year	2017-08-14	$0
Value of interest in common/collective trusts at beginning of year	2017-08-14	$1,427,135
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-08-14	$2,650,144
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-08-14	No
Was there a failure to transmit to the plan any participant contributions	2017-08-14	No
Has the plan failed to provide any benefit when due under the plan	2017-08-14	No
Assets. Invements in employer securities at end of year	2017-08-14	$0
Assets. Invements in employer securities at beginning of year	2017-08-14	$1,763,808
Contributions received in cash from employer	2017-08-14	$670,358
Employer contributions (assets) at end of year	2017-08-14	$0
Employer contributions (assets) at beginning of year	2017-08-14	$87,654
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-08-14	$5,656,471
Contract administrator fees	2017-08-14	$62,356
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2017-08-14	Yes
Did the plan have assets held for investment	2017-08-14	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	2017-08-14	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-08-14	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-08-14	No
Opinion of an independent qualified public accountant for this plan	2017-08-14	Disclaimer
Accountancy firm name	2017-08-14	BDO USA LLP
Accountancy firm EIN	2017-08-14	135381590

Form 5500 Responses for CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN

2017: CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	This submission is the final filing	Yes
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CASCADE BANCORP EMPLOYEES' 401(K) PROFIT SHARING PLAN [EIN = 931034484]

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Company Name:	BANK OF THE CASCADES
Employer identification number (EIN):	930658404
NAIC Classification:	522190
NAIC Description:	Other Depository Credit Intermediation