401k Plan data: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST plan

INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number	002

INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

INDIANA BANK & TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name: INDIANA BANK & TRUST COMPANY

Employer identification number (EIN): 351807839

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 PENNIE STANCOMBE
002 2010-01-01 PENNIE STANCOMBE, SVP HR PENNIE STANCOMBE, SVP HR 2011-07-29
002 2009-01-01 PENNIE STANCOMBE, SVP HR PENNIE STANCOMBE, SVP HR 2010-07-28
002 2009-01-01 PENNIE STANCOMBE, SVP HR PENNIE STANCOMBE, SVP HR 2010-07-29

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	PENNIE STANCOMBE
002	2010-01-01	PENNIE STANCOMBE, SVP HR	PENNIE STANCOMBE, SVP HR	2011-07-29
002	2009-01-01	PENNIE STANCOMBE, SVP HR	PENNIE STANCOMBE, SVP HR	2010-07-28
002	2009-01-01	PENNIE STANCOMBE, SVP HR	PENNIE STANCOMBE, SVP HR	2010-07-29

Plan Statistics for INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2011: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 280
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 223
Number of retired or separated participants receiving benefits 2011-01-01 1
Number of other retired or separated participants entitled to future benefits 2011-01-01 48
Total of all active and inactive participants 2011-01-01 272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 272
Number of participants with account balances 2011-01-01 230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2010: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year 2010-01-01 284
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 234
Number of retired or separated participants receiving benefits 2010-01-01 1
Number of other retired or separated participants entitled to future benefits 2010-01-01 45
Total of all active and inactive participants 2010-01-01 280
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 280
Number of participants with account balances 2010-01-01 242
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 5
2009: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 292
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 243
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 38
Total of all active and inactive participants 2009-01-01 282
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 282
Number of participants with account balances 2009-01-01 246
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 6

Measure	Date	Value
2011: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	280
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	223
Number of retired or separated participants receiving benefits	2011-01-01	1
Number of other retired or separated participants entitled to future benefits	2011-01-01	48
Total of all active and inactive participants	2011-01-01	272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	272
Number of participants with account balances	2011-01-01	230
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2010: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k membership
Total participants, beginning-of-year	2010-01-01	284
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	234
Number of retired or separated participants receiving benefits	2010-01-01	1
Number of other retired or separated participants entitled to future benefits	2010-01-01	45
Total of all active and inactive participants	2010-01-01	280
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	280
Number of participants with account balances	2010-01-01	242
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	5
2009: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	292
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	243
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	38
Total of all active and inactive participants	2009-01-01	282
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	282
Number of participants with account balances	2009-01-01	246
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	6

Financial Data on INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2011 : INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-203,748
Total unrealized appreciation/depreciation of assets	2011-12-31	$-203,748
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$6,187
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$898,630
Total loss/gain on sale of assets	2011-12-31	$-10,244
Total of all expenses incurred	2011-12-31	$841,163
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$774,622
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$971,427
Value of total assets at end of year	2011-12-31	$10,286,617
Value of total assets at beginning of year	2011-12-31	$10,222,963
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$66,541
Total interest from all sources	2011-12-31	$12,417
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$3,153
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$721,214
Participant contributions at end of year	2011-12-31	$234,384
Participant contributions at beginning of year	2011-12-31	$228,902
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$796
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$805
Administrative expenses (other) incurred	2011-12-31	$4,086
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$57,467
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$10,280,430
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$10,222,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$9,605
Interest on participant loans	2011-12-31	$11,478
Value of interest in common/collective trusts at end of year	2011-12-31	$8,423,078
Value of interest in common/collective trusts at beginning of year	2011-12-31	$8,541,252
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$464,089
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$49,199
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$49,199
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$939
Net investment gain or loss from common/collective trusts	2011-12-31	$125,625
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$1,164,270
Assets. Invements in employer securities at beginning of year	2011-12-31	$1,402,805
Contributions received in cash from employer	2011-12-31	$250,213
Income. Dividends from common stock	2011-12-31	$3,153
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$774,622
Contract administrator fees	2011-12-31	$52,850
Liabilities. Value of benefit claims payable at end of year	2011-12-31	$6,187
Did the plan have assets held for investment	2011-12-31	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	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$102,849
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$113,093
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	SOMERSET CPA, P.C.
Accountancy firm EIN	2011-12-31	201717681
2010 : INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$763,370
Total unrealized appreciation/depreciation of assets	2010-12-31	$763,370
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$2,808,625
Total loss/gain on sale of assets	2010-12-31	$48,729
Total of all expenses incurred	2010-12-31	$333,914
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$264,449
Expenses. Certain deemed distributions of participant loans	2010-12-31	$13,965
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$956,565
Value of total assets at end of year	2010-12-31	$10,222,963
Value of total assets at beginning of year	2010-12-31	$7,748,252
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$55,500
Total interest from all sources	2010-12-31	$13,605
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$3,416
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$708,965
Participant contributions at end of year	2010-12-31	$228,902
Participant contributions at beginning of year	2010-12-31	$211,704
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$805
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$4,832
Administrative expenses (other) incurred	2010-12-31	$4,446
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$2,474,711
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$10,222,963
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$7,748,252
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$7,459
Interest on participant loans	2010-12-31	$11,792
Value of interest in common/collective trusts at end of year	2010-12-31	$8,541,252
Value of interest in common/collective trusts at beginning of year	2010-12-31	$6,862,246
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$49,199
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$30,758
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$30,758
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$1,813
Net investment gain or loss from common/collective trusts	2010-12-31	$1,022,940
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$1,402,805
Assets. Invements in employer securities at beginning of year	2010-12-31	$638,712
Contributions received in cash from employer	2010-12-31	$247,600
Income. Dividends from common stock	2010-12-31	$3,416
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$264,449
Contract administrator fees	2010-12-31	$43,595
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$115,479
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$66,750
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	SOMERSET CPA, P.C.
Accountancy firm EIN	2010-12-31	201717681
2009 : INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2011: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: INDIANA BANK AND TRUST COMPANY EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	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:	INDIANA BANK & TRUST COMPANY
Employer identification number (EIN):	351807839
NAIC Classification:	522110
NAIC Description:	Commercial Banking