401k Plan data: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN plan

PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN
Plan identification number	001

PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

PRIME MERIDIAN BANK has sponsored the creation of one or more 401k plans.

Company Name: PRIME MERIDIAN BANK

Employer identification number (EIN): 260474086

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about PRIME MERIDIAN BANK

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 2007-11-19

Company Identification Number: P07000124783

Legal Registered Office Address: 2457 Care Dr

TALLAHASSEE

32308

More information about PRIME MERIDIAN BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 SUSAN PAYNE TURNER 2024-05-23
001 2022-01-01 SUSAN PAYNE TURNER 2023-02-14
001 2021-01-01 SUSAN PAYNE TURNER 2022-05-27
001 2020-01-01 SUSAN PAYNE TURNER 2021-07-06
001 2019-01-01 SUSAN PAYNE TURNER 2020-06-29
001 2018-01-01 SUSAN PAYNE TURNER 2019-06-11 SUSAN PAYNE TURNER 2019-06-11
001 2017-01-01 SUSAN PAYNE TURNER 2018-03-29 SUSAN PAYNE TURNER 2018-03-29
001 2016-01-01 SUSAN PAYNE TURNER SUSAN PAYNE TURNER 2017-03-27
001 2015-01-01 SUSAN PAYNE TURNER SUSAN PAYNE TURNER 2016-05-18
001 2014-01-01 KATHLEEN C. JONES KATHLEEN C. JONES 2015-03-31
001 2013-01-01 KATHLEEN C. JONES KATHLEEN C. JONES 2014-02-17
001 2012-01-01 KATHLEEN C. JONES KATHLEEN C. JONES 2013-07-17
001 2011-01-01 KATHLEEN C. JONES KATHLEEN C. JONES 2012-08-31
001 2010-01-01 KATHLEEN C. JONES KATHLEEN C. JONES 2011-04-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	SUSAN PAYNE TURNER	2024-05-23
001	2022-01-01	SUSAN PAYNE TURNER	2023-02-14
001	2021-01-01	SUSAN PAYNE TURNER	2022-05-27
001	2020-01-01	SUSAN PAYNE TURNER	2021-07-06
001	2019-01-01	SUSAN PAYNE TURNER	2020-06-29
001	2018-01-01	SUSAN PAYNE TURNER	2019-06-11	SUSAN PAYNE TURNER	2019-06-11
001	2017-01-01	SUSAN PAYNE TURNER	2018-03-29	SUSAN PAYNE TURNER	2018-03-29
001	2016-01-01	SUSAN PAYNE TURNER		SUSAN PAYNE TURNER	2017-03-27
001	2015-01-01	SUSAN PAYNE TURNER		SUSAN PAYNE TURNER	2016-05-18
001	2014-01-01	KATHLEEN C. JONES		KATHLEEN C. JONES	2015-03-31
001	2013-01-01	KATHLEEN C. JONES		KATHLEEN C. JONES	2014-02-17
001	2012-01-01	KATHLEEN C. JONES		KATHLEEN C. JONES	2013-07-17
001	2011-01-01	KATHLEEN C. JONES		KATHLEEN C. JONES	2012-08-31
001	2010-01-01	KATHLEEN C. JONES		KATHLEEN C. JONES	2011-04-13

Plan Statistics for PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN

Measure Date Value
2016: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 67
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 60
Number of other retired or separated participants entitled to future benefits 2016-01-01 12
Total of all active and inactive participants 2016-01-01 72
Total participants 2016-01-01 72
Number of participants with account balances 2016-01-01 59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 58
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 52
Number of other retired or separated participants entitled to future benefits 2015-01-01 15
Total of all active and inactive participants 2015-01-01 67
Total participants 2015-01-01 67
Number of participants with account balances 2015-01-01 57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 42
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 45
Number of other retired or separated participants entitled to future benefits 2014-01-01 13
Total of all active and inactive participants 2014-01-01 58
Total participants 2014-01-01 58
Number of participants with account balances 2014-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: PRIME MERIDIAN BANK 401(K) 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 32
Number of other retired or separated participants entitled to future benefits 2013-01-01 10
Total of all active and inactive participants 2013-01-01 42
Total participants 2013-01-01 42
Number of participants with account balances 2013-01-01 39
2012: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 35
Number of other retired or separated participants entitled to future benefits 2012-01-01 2
Total of all active and inactive participants 2012-01-01 37
Total participants 2012-01-01 37
Number of participants with account balances 2012-01-01 25
2011: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 24
Total of all active and inactive participants 2011-01-01 24
Total participants 2011-01-01 24
Number of participants with account balances 2011-01-01 15
2010: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 17
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 17
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 0
Total of all active and inactive participants 2010-01-01 17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 17
Number of participants with account balances 2010-01-01 13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0

Measure	Date	Value
2016: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	67
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	60
Number of other retired or separated participants entitled to future benefits	2016-01-01	12
Total of all active and inactive participants	2016-01-01	72
Total participants	2016-01-01	72
Number of participants with account balances	2016-01-01	59
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	58
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	52
Number of other retired or separated participants entitled to future benefits	2015-01-01	15
Total of all active and inactive participants	2015-01-01	67
Total participants	2015-01-01	67
Number of participants with account balances	2015-01-01	57
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	42
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	45
Number of other retired or separated participants entitled to future benefits	2014-01-01	13
Total of all active and inactive participants	2014-01-01	58
Total participants	2014-01-01	58
Number of participants with account balances	2014-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: PRIME MERIDIAN BANK 401(K) 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	32
Number of other retired or separated participants entitled to future benefits	2013-01-01	10
Total of all active and inactive participants	2013-01-01	42
Total participants	2013-01-01	42
Number of participants with account balances	2013-01-01	39
2012: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	35
Number of other retired or separated participants entitled to future benefits	2012-01-01	2
Total of all active and inactive participants	2012-01-01	37
Total participants	2012-01-01	37
Number of participants with account balances	2012-01-01	25
2011: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	24
Total of all active and inactive participants	2011-01-01	24
Total participants	2011-01-01	24
Number of participants with account balances	2011-01-01	15
2010: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	17
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	17
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	0
Total of all active and inactive participants	2010-01-01	17
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	17
Number of participants with account balances	2010-01-01	13
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0

Financial Data on PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2016 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$603,689
Expenses. Total of all expenses incurred	2016-12-31	$192,293
Benefits paid (including direct rollovers)	2016-12-31	$188,704
Total plan assets at end of year	2016-12-31	$1,708,835
Total plan assets at beginning of year	2016-12-31	$1,297,439
Value of fidelity bond covering the plan	2016-12-31	$75,000
Total contributions received or receivable from participants	2016-12-31	$241,324
Contributions received from other sources (not participants or employers)	2016-12-31	$58,785
Other income received	2016-12-31	$185,159
Net income (gross income less expenses)	2016-12-31	$411,396
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,708,835
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,297,439
Assets. Value of employer securities	2016-12-31	$515,374
Total contributions received or receivable from employer(s)	2016-12-31	$118,421
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$3,589
2015 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$311,078
Expenses. Total of all expenses incurred	2015-12-31	$22,427
Benefits paid (including direct rollovers)	2015-12-31	$21,223
Total plan assets at end of year	2015-12-31	$1,297,439
Total plan assets at beginning of year	2015-12-31	$1,008,788
Value of fidelity bond covering the plan	2015-12-31	$20,000
Total contributions received or receivable from participants	2015-12-31	$204,825
Contributions received from other sources (not participants or employers)	2015-12-31	$23,374
Other income received	2015-12-31	$-9,973
Net income (gross income less expenses)	2015-12-31	$288,651
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,297,439
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,008,788
Assets. Value of employer securities	2015-12-31	$357,386
Total contributions received or receivable from employer(s)	2015-12-31	$92,852
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$1,204
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$311,943
Expenses. Total of all expenses incurred	2014-12-31	$19,713
Benefits paid (including direct rollovers)	2014-12-31	$17,473
Total plan assets at end of year	2014-12-31	$1,008,788
Total plan assets at beginning of year	2014-12-31	$716,558
Value of fidelity bond covering the plan	2014-12-31	$1,000,000
Total contributions received or receivable from participants	2014-12-31	$162,102
Contributions received from other sources (not participants or employers)	2014-12-31	$5,796
Other income received	2014-12-31	$46,804
Net income (gross income less expenses)	2014-12-31	$292,230
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,008,788
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$716,558
Assets. Value of employer securities	2014-12-31	$366,663
Total contributions received or receivable from employer(s)	2014-12-31	$97,241
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$2,240
2013 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$317,040
Expenses. Total of all expenses incurred	2013-12-31	$22,438
Benefits paid (including direct rollovers)	2013-12-31	$21,998
Total plan assets at end of year	2013-12-31	$716,558
Total plan assets at beginning of year	2013-12-31	$421,956
Value of fidelity bond covering the plan	2013-12-31	$1,000,000
Total contributions received or receivable from participants	2013-12-31	$124,017
Contributions received from other sources (not participants or employers)	2013-12-31	$38,689
Other income received	2013-12-31	$84,706
Net income (gross income less expenses)	2013-12-31	$294,602
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$716,558
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$421,956
Assets. Value of employer securities	2013-12-31	$119,279
Total contributions received or receivable from employer(s)	2013-12-31	$69,628
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$440
2012 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$113,907
Expenses. Total of all expenses incurred	2012-12-31	$4,065
Benefits paid (including direct rollovers)	2012-12-31	$3,905
Total plan assets at end of year	2012-12-31	$421,956
Total plan assets at beginning of year	2012-12-31	$312,114
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$80,560
Contributions received from other sources (not participants or employers)	2012-12-31	$63
Other income received	2012-12-31	$33,284
Net income (gross income less expenses)	2012-12-31	$109,842
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$421,956
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$312,114
Assets. Value of employer securities	2012-12-31	$110,105
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$160
2011 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$120,906
Expenses. Total of all expenses incurred	2011-12-31	$27,956
Benefits paid (including direct rollovers)	2011-12-31	$27,856
Total plan assets at end of year	2011-12-31	$312,114
Total plan assets at beginning of year	2011-12-31	$219,164
Value of fidelity bond covering the plan	2011-12-31	$1,000,000
Total contributions received or receivable from participants	2011-12-31	$52,531
Contributions received from other sources (not participants or employers)	2011-12-31	$73,992
Other income received	2011-12-31	$-5,617
Net income (gross income less expenses)	2011-12-31	$92,950
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$312,114
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$219,164
Assets. Value of employer securities	2011-12-31	$97,230
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$100
2010 : PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$84,629
Expenses. Total of all expenses incurred	2010-12-31	$6,480
Benefits paid (including direct rollovers)	2010-12-31	$4,802
Total plan assets at end of year	2010-12-31	$219,164
Total plan assets at beginning of year	2010-12-31	$141,015
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$65,374
Other income received	2010-12-31	$19,255
Net income (gross income less expenses)	2010-12-31	$78,149
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$219,164
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$141,015
Assets. Value of employer securities	2010-12-31	$24,800
Value of corrective distributions	2010-12-31	$1,678

Form 5500 Responses for PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN

2016: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PRIME MERIDIAN BANK 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PRIME MERIDIAN BANK
Employer identification number (EIN):	260474086
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	2007-11-19
Company Identification Number:	P07000124783
Legal Registered Office Address:	2457 Care Dr TALLAHASSEE 32308