401k Plan data: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN plan

SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 401k Plan overview

Plan Name	SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN
Plan identification number	002

SOUTHERN COMMUNITY BANK 401K RETIREMENT 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.
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

CAPITAL BANK FINANCIAL CORP. has sponsored the creation of one or more 401k plans.

Company Name: CAPITAL BANK FINANCIAL CORP.

Employer identification number (EIN): 271454759

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 TERRY PUTNAM TERRY PUTNAM 2014-06-16
002 2012-01-01 TERRY PUTNAM TERRY PUTNAM 2014-06-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2013-01-01	TERRY PUTNAM		TERRY PUTNAM	2014-06-16
002	2012-01-01	TERRY PUTNAM		TERRY PUTNAM	2014-06-13

Plan Statistics for SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN

401k plan membership statisitcs for SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN

Measure Date Value
2013: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 256
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 353
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 256
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 256
Number of participants with account balances 2012-01-01 256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 3

Measure	Date	Value
2013: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	256
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	353
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	256
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	256
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	256
Number of participants with account balances	2012-01-01	256
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	3

Financial Data on SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN

Measure	Date	Value
2013 : SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-01-31	$0
Total transfer of assets from this plan	2013-01-31	$9,754,131
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-01-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-01-31	$0
Total income from all sources (including contributions)	2013-01-31	$380
Total loss/gain on sale of assets	2013-01-31	$0
Total of all expenses incurred	2013-01-31	$0
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-01-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-01-31	$0
Value of total assets at end of year	2013-01-31	$0
Value of total assets at beginning of year	2013-01-31	$9,753,751
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-01-31	$0
Total interest from all sources	2013-01-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2013-01-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-01-31	No
Was this plan covered by a fidelity bond	2013-01-31	Yes
Value of fidelity bond cover	2013-01-31	$4,000,000
If this is an individual account plan, was there a blackout period	2013-01-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-01-31	No
Participant contributions at beginning of year	2013-01-31	$392,854
Participant contributions at beginning of year	2013-01-31	$43,368
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-01-31	No
Value of net income/loss	2013-01-31	$380
Value of net assets at end of year (total assets less liabilities)	2013-01-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-01-31	$9,753,751
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-01-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-01-31	No
Were any leases to which the plan was party in default or uncollectible	2013-01-31	No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-01-31	$42,463
Value of interest in common/collective trusts at beginning of year	2013-01-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-01-31	$9,275,066
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-01-31	$9,275,066
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-01-31	$380
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-01-31	No
Was there a failure to transmit to the plan any participant contributions	2013-01-31	No
Has the plan failed to provide any benefit when due under the plan	2013-01-31	No
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	2013-01-31	No
Did the plan have assets held for investment	2013-01-31	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	2013-01-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-01-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-01-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-01-31	Disclaimer
Accountancy firm name	2013-01-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2013-01-31	560747981
2012 : SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$3,127,333
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$2,351,414
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$2,330,048
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$673,811
Value of total assets at end of year	2012-12-31	$9,753,751
Value of total assets at beginning of year	2012-12-31	$8,977,832
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$21,366
Total interest from all sources	2012-12-31	$16,058
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Administrative expenses professional fees incurred	2012-12-31	$19,508
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$605,071
Participant contributions at end of year	2012-12-31	$392,854
Participant contributions at beginning of year	2012-12-31	$360,402
Participant contributions at end of year	2012-12-31	$43,368
Participant contributions at beginning of year	2012-12-31	$32,742
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$68,740
Administrative expenses (other) incurred	2012-12-31	$1,858
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$775,919
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$9,753,751
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$8,977,832
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$42,463
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$6,416,456
Interest on participant loans	2012-12-31	$16,027
Value of interest in common/collective trusts at end of year	2012-12-31	$0
Value of interest in common/collective trusts at beginning of year	2012-12-31	$1,057,265
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$9,275,066
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$184,428
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$184,428
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$31
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$2,418,643
Net investment gain or loss from common/collective trusts	2012-12-31	$18,821
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at beginning of year	2012-12-31	$926,539
Employer contributions (assets) at beginning of year	2012-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$2,330,048
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	2012-12-31	No
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No

Form 5500 Responses for SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN

2013: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SOUTHERN COMMUNITY BANK 401K RETIREMENT PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	Yes
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 – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	CAPITAL BANK FINANCIAL CORP.
Employer identification number (EIN):	271454759
NAIC Classification:	522110
NAIC Description:	Commercial Banking